MIRAE ASSET
SHORT TERM FUND - (MASTF)
(Short Duration Fund - An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year to 3 years (please refer to page no. 28 of SID)
| Type of Scheme | Short Duration Fund - An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year to 3 years (please refer to page no. 28 of SID) |
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| Investment Objective | The investment objective of the scheme is to seek to generate returns through an actively managed diversified portfolio of debt and money market instruments with Macaulay duration of the portfolio is between 1 year to 3 years. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns. |
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Fund Manager** |
Mr. Mahendra Jajoo - (since 16th March, 2018) Allotment Date |
16th March, 2018 Benchmark Index |
CRISIL Short Term Bond Fund Index Minimum Investment |
Amount ₹ 5,000/- and in multiples of ₹ 1/-thereafter. Minimum Additional Application Amount: ₹1,000/- per application and in multiples of ₹ 1/- thereafter. Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019) Monthly and Quarterly: ₹ 1000/- (multiples of ₹ 1/- thereafter), minimum 5 installments. Load Structure |
Entry load: NA Exit load:If redeemed within 1 month (30 days) from the date of allotment - 0.25% ;If redeemed after 1 month (30 days) from the date of allotment - Nil Plans Available |
Regular Plan and Direct Plan Options Available |
Growth Option and Dividend Option (Payout & Re-investment) Monthly Average AUM (₹ Cr.) as on August 31, 2020 |
534.00 Net AUM (₹ Cr.) |
560.45 Monthly Avg. Expense Ratio |
(Including Statutory Levies) as on August 31, 2020 Regular Plan: 1.09% Direct Plan: 0.31% ANY DATE SIP provides one of the better investment experiences by allowing the investor to choose any investment date of the month (i.e., from 1st to 28th) depending upon the investors' expense and income flow.
| **For experience of Fund Managers Click Here |
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| NAV: | Direct Plan | Regular Plan |
| Growth Option | ₹ 12.3474 | ₹ 12.1175 |
| Dividend Option | ₹ 12.3414 | ₹ 12.1204 |
| Weighted Average Maturity | 2.26 Years |
| Modified Duration | 1.89 Years |
| Macaulay Duration | 2.00 Years |
| Yield to Maturity | 4.69% |
| Portfolio Holdings | % Allocation |
| Corporate Bond | |
| 7.7% Larsen & Toubro Ltd (28/04/2025) | 2.86% |
| 7.05% NHB Taxable (18/12/2024) | 2.83% |
| 8.8% Power Grid Corp Ltd (13/03/2023) | 1.94% |
| 8.5% NABARD (31/01/2023) | 1.92% |
| 8.02% Larsen & Toubro Ltd (22/05/2022) | 1.88% |
| 8.3% Reliance Industries Ltd (08/03/22) | 1.88% |
| 7.35% Bajaj Fin Ltd (10/11/2022) | 1.86% |
| 6.8% Hindustan Petroleum (15/12/2022) | 1.86% |
| 6.99% SIDBI (08/08/2022) | 1.86% |
| 6.4% NABARD (31/07/2023) | 1.85% |
| 6.19% IRFC Ltd (28/04/2023) | 1.84% |
| 6.75% Power Fin Corp (22/05/2023) | 1.84% |
| 8.45% L&T Finance Ltd (23/12/2022) | 1.83% |
| 6.39% Indian Oil Corp. (06/03/2025) | 1.83% |
| 4.9% SIDBI (18/08/2023) | 1.79% |
| 5.62% EXIM Bank (20/06/2025) | 1.78% |
| 8.75% Vedanta Ltd (30/06/2022) | 1.68% |
| 8.7% Reliance Industries Ltd (18/07/2021) | 1.26% |
| 7.43% HDB Fin Ltd (28/09/2020) | 1.25% |
| 8.64% Power Grid Corpn Ltd (08/07/2025) | 1.00% |
| 9.05% HDFC Ltd (20/11/2023) | 0.98% |
| 8.02% BPCL Ltd (11/03/2024) | 0.95% |
| 8.05% HDFC Ltd (20/06/2022) | 0.94% |
| 7.4% LIC Hsg Fin Ltd (06/09/2024) | 0.94% |
| 7.85% NABARD (23/05/2022) | 0.94% |
| 7.55% REC Ltd (26/09/2023) | 0.94% |
| 7.5% HDB Fin. Services Ltd (23/12/2022) | 0.93% |
| 7.28% HDFC Ltd (26/09/2022) | 0.93% |
| 7.21% HDFC Ltd (30/12/2022) | 0.93% |
| 7.4011% Kotak Mahindra Prime (28/11/22) | 0.93% |
| 6.55% NATIONAL HOUSING BANK (17/04/2023) | 0.93% |
| 6.55% NTPC Ltd (17/04/2023) | 0.93% |
| 7.35% Power Fin Corp Ltd (15/10/2022) | 0.93% |
| 8.10% Tata Cap Hous Fin Ltd (14/01/2023) | 0.93% |
| 7.55% REC Ltd (26/09/2021) | 0.92% |
| 8.25% L&T Finance Ltd (24/01/2023) | 0.91% |
| 8.50% LIC Hsg Fin Ltd (05/1/21) | 0.91% |
| 6.43%Chennai Petroleum Corp (28/02/2023) | 0.91% |
| 8.33% NTPC Ltd (24/02/2021) | 0.91% |
| 6.11% BPCL Ltd (06/07/2025) | 0.89% |
| 6.99% HDFC Ltd (13/02/2023) | 0.56% |
| 8.83% IRFC (25/03/2023) | 0.39% |
| 8.45% REC Ltd (22/03/2022) | 0.04% |
| Corporate Bond Total | 56.39% |
| Treasury Bill | |
| 91 Days Tbill (03/09/2020) | 8.92% |
| 182 Days Tbill (17/09/2020) | 8.91% |
| Treasury Bill Total | 17.83% |
| Government Bond | |
| 6.18% GOI (04/11/2024) | 3.68% |
| 5.79% GOI (11/05/2030) | 3.49% |
| 7.27% GOI (08/04/2026) | 2.86% |
| 5.22% GOI (15/06/2025) | 1.77% |
| Government Bond Total | 11.80% |
| Zero Coupon Bond | |
| Axis Finance Ltd (03/08/2022) | 0.61% |
| Zero Coupon Bond Total | 0.61% |
| Cash & Other Receivables Total | 13.37% |
| Total | 100.00% |
| Returns (%) | ||||
| 1 Yr | SI | |||
| MAESF | 8.52 |
8.11 |
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| Scheme Benchmark* | 10.26 |
9.23 |
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| Additional Benchmark** | 6.82 |
7.20 |
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| NAV as on 31st August, 2020 | 12.1175 | |||
| Index Value (31st August, 2020) | Index Value of benchmark is 3780.43 and CRISIL 1 Year T-Bill is 5972.69 | |||
| Allotment Date | 16th March, 2018 | |||
| Scheme Benchmark | *CRISIL Short Term Bond Fund Index | |||
| Additional Benchmark | **CRISIL 1 Year T bill | |||
Note:1. Different Plans under the scheme has different expense structure. The reference and details provided herein are of Regular Plan - Growth Option
2. Fund manager : Mr. Mahendra Jajoo managing the scheme since 16th March, 2018
3. The scheme is in existence for more than 1 year and less than 3 years.
This product is suitable for investors who are seeking*
. Optimal returns over short term
. Investment in an actively managed diversified portfolio of debt and money market instruments including REITs & InvITs
. Degree of risk - MODERATELY LOW
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
Past Performance may or may not be sustained in future.
Note : For computation of since inception returns (%) the allotment NAV has been taken as ₹ 10.00. The performance of other funds managed by the same fund manager is given in the respective page of the schemes 