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 March 16, 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 February 28, 2021 |
852.62 Net AUM (₹ Cr.) |
841.00 Monthly Avg. Expense Ratio |
(Including Statutory Levies) as on February 28, 2021 Regular Plan: 1.15% Direct Plan: 0.31% **For experience of Fund Managers Click Here |
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| NAV: | Direct | Regular |
| Growth | ₹ 12.5994 | ₹ 12.3140 |
| Dividend | ₹ 12.5912 | ₹ 12.3168 |
| Weighted Average Maturity | 1.84 Years |
| Modified Duration | 1.63 Years |
| Macaulay Duration | 1.71 Years |
| Yield to Maturity | 4.76% |
| Portfolio Holdings | % Allocation | |
| Corporate Bond | ||
| 4.50% HDFC Ltd (14/12/2022) | 4.69% | |
| 4.58% SIDBI (18/12/2023) | 2.91% | |
| 6.8% Hindustan Petroleum (15/12/2022) | 2.45% | |
| 4.78% HUDCO (28/02/2024) | 2.31% | |
| 7.7% Larsen & Toubro Ltd (28/04/2025) | 1.87% | |
| 7.05% NHB Taxable (18/12/2024) | 1.85% | |
| 7% Hindustan Petroleum (14/08/2024) | 1.84% | |
| 6.99% HUDCO (11/11/2022) | 1.84% | |
| 7.17% Reliance Industries Ltd (08/11/2022) | 1.84% | |
| 5.47% Power Fin Corp (19/08/2023) | 1.77% | |
| 4.64% Oil & Nat Gas Corp Ltd (21/11/2023) | 1.75% | |
| 8.8% Power Grid Corp Ltd (13/03/2023) | 1.27% | |
| 8.5% NABARD (31/01/2023) | 1.26% | |
| 8.45% L&T Finance Ltd (23/12/2022) | 1.23% | |
| 8.02% Larsen & Toubro Ltd (22/05/2022) | 1.23% | |
| 8.3% Reliance Industries Ltd (08/03/22) | 1.23% | |
| 7.35% Bajaj Fin Ltd (10/11/2022) | 1.22% | |
| 7.05% HUDCO (13/10/2022) | 1.22% | |
| 6.98% NABARD (19/09/2022) | 1.22% | |
| 6.99% SIDBI (08/08/2022) | 1.22% | |
| 6.19% IRFC Ltd (28/04/2023) | 1.21% | |
| 6.4% NABARD (31/07/2023) | 1.21% | |
| 6.75% Power Fin Corp (22/05/2023) | 1.21% | |
| 6.39% Indian Oil Corp. (06/03/2025) | 1.20% | |
| 5.32% NHBA Taxable (01/09/2023) | 1.18% | |
| 8.75% Vedanta Ltd (30/06/2022) | 1.18% | |
| 5.14% NABARD (31/01/2024) | 1.17% | |
| 4.9% SIDBI (18/08/2023) | 1.17% | |
| 8.7% Reliance Industries Ltd (18/07/2021) | 0.82% | |
| 8.64% Power Grid Corpn Ltd (08/07/2025) | 0.65% | |
| 9.05% HDFC Ltd (20/11/2023) | 0.64% | |
| 8.57% REC Ltd (21/12/2024) | 0.64% | |
| 8.02% BPCL Ltd (11/03/2024) | 0.62% | |
| 7.55% REC Ltd (26/09/2023) | 0.62% | |
| 8.10% Tata Cap Hous Fin Ltd (14/01/2023) | 0.62% | |
| 7.5% HDB Fin. Services Ltd (23/12/2022) | 0.61% | |
| 8.05% HDFC Ltd (20/06/2022) | 0.61% | |
| 7.28% HDFC Ltd (26/09/2022) | 0.61% | |
| 7.21% HDFC Ltd (30/12/2022) | 0.61% | |
| 7.4011% Kotak Mahindra Prime (28/11/22) | 0.61% | |
| 7.4% LIC Hsg Fin Ltd (06/09/2024) | 0.61% | |
| 7.6653% L&T Infra Fin Co Ltd (18/03/2022) | 0.61% | |
| 7.85% NABARD (23/05/2022) | 0.61% | |
| 7.18% NABARD (08/08/2022) | 0.61% | |
| 6.55% NATIONAL HOUSING BANK (17/04/2023) | 0.61% | |
| 6.55% NTPC Ltd (17/04/2023) | 0.61% | |
| 7.35% Power Fin Corp Ltd (15/10/2022) | 0.61% | |
| 7% Reliance Industries Ltd (31/08/2022) | 0.61% | |
| 6.43%Chennai Petroleum Corp (28/02/2023) | 0.60% | |
| 7.55% REC Ltd (26/09/2021) | 0.60% | |
| 6.11% BPCL Ltd (06/07/2025) | 0.58% | |
| 5.62% EXIM Bank (20/06/2025) | 0.58% | |
| 6.99% HDFC Ltd (13/02/2023) | 0.37% | |
| 8.83% IRFC (25/03/2023) | 0.25% | |
| 8.45% REC Ltd (22/03/2022) | 0.02% | |
| Corporate Bond Total | 61.62% | |
| Government Bond | ||
| 6.18% GOI (04/11/2024) | 3.67% | |
| 7.37% GOI (16/04/2023) | 3.13% | |
| 6.84% GOI (19/12/2022) | 3.10% | |
| 4.48% GOI (02/11/2023) | 2.36% | |
| 8.20% GOI (24/09/2025) | 0.46% | |
| Government Bond Total | 12.71% | |
| Commercial Paper | ||
| Aditya Birla Finance Ltd (31/12/2021) | 2.86% | |
| L&T Infrastructure Finance Co (21/02/2022) | 1.42% | |
| Commercial Paper Total | 4.28% | |
| State Government Bond | ||
| 8.38% Karnataka SDL (31/10/2022) | 3.14% | |
| State Government Bond Total | 3.14% | |
| Zero Coupon Bond | ||
| Axis Finance Ltd (03/08/2022) | 0.42% | |
| Zero Coupon Bond Total | 0.42% | |
| Cash & Other Receivables Total | 17.83% | |
| Total | 100.00% | |
| Returns (%) | ||||
| 1 Yr | SI | |||
| MASTF | 6.21 |
7.30 |
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| Scheme Benchmark* | 7.52 |
8.41 |
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| Additional Benchmark** | 4.92 |
8.54 |
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| NAV as on 26th Febraury, 2021 | 12.3140 | |||
| Index Value (26th February, 2021) | Index Value of benchmark is 3,860.55 and CRISIL 10 Year Gilt Index is 3,976.93. | |||
| Allotment Date | 16th March, 2018 | |||
| Scheme Benchmark | *CRISIL Short Term Bond Fund Index | |||
| Additional Benchmark | **CRISIL 10 Year Gilt Index |
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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
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 - Low to Moderate
*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 