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. 34 of SID)
A relatively high interest rate risk and Moderate credit risk
| 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. 34 of SID) A relatively high interest rate risk and Moderate credit risk |
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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. Basant Bafna# (w.e.f 16 January, 2023) Mr. Amit Modani - (since June 30, 2021) Allotment Date |
16th March, 2018 Benchmark Index |
CRISIL Short Duration Fund BII 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 in case of Monthly or 3 in case of Quarterly option. Load Structure |
Entry load: NA Exit load: NIL Plans Available |
Regular Plan and Direct Plan Options Available |
Growth Option and IDCW^ Option (Payout & Re-investment) Monthly Average AUM (₹ Cr.) as on February 28, 2023 |
408.01 Net AUM (₹ Cr.) |
406.00 Monthly Avg. Expense Ratio |
(Including Statutory Levies) as on February 28, 2023 Regular Plan: 1.15% Direct Plan: 0.28% **For experience of Fund Managers Click Here |
^Pursuant to Notice cum addendum dated March 27, 2021 the nomenclature of dividend option has been changed w.e.f. April 01, 2021. |
# As per notice cum addendum no. 03/2023 fund manager of the scheme has changed. Please visit the website for more details: https://www.miraeassetmf.co.in/downloads/statutory-disclosure/addendum | |||||||||||||
| NAV: | Direct | Regular |
| Growth | ₹ 13.7887 | ₹ 13.2556 |
| IDCW^ | ₹ 13.7714 | ₹ 13.2583 |
| Portfolio Holdings | % Allocation |
| Corporate Bond | |
| 6.99% REC Ltd (30/09/2024) ** | 4.87% |
| 6.39% Indian Oil Corporation Ltd (06/03/2025) ** | 4.21% |
| 6.75% Shriram Finance Ltd (28/04/2023) ** | 3.70% |
| 7% Hindustan Petroleum Corporation Ltd (14/08/2024) ** | 3.66% |
| 7.38% Cholamandalam Investment and Finance Company Ltd (31/07/2024) ** | 3.65% |
| 7.38% Kotak Mahindra Prime Ltd (20/08/2025) ** | 3.64% |
| 7.15% Small Industries Dev Bank of India (21/07/2025) ** | 3.64% |
| 8.7% Bharti Telecom Ltd (21/11/2024) ** | 3.08% |
| 5.2% Export Import Bank of India (04/03/2025) ** | 3.01% |
| 8.4% Muthoot Finance Ltd (15/07/2023) ** | 2.46% |
| 7.45% Mahindra Rural Housing Finance Ltd (14/07/2023) ** | 2.45% |
| 7.42% Bajaj Housing Finance Ltd (12/07/2024) ** | 2.44% |
| 5.75% Bajaj Finance Ltd (16/02/2024) ** | 2.41% |
| 6.25% Embassy Office Parks REIT (18/10/2024) ** | 2.40% |
| 5.23% NABARD (31/01/2025) ** | 2.35% |
| 6.4% Jamnagar Utilities & Power Private Ltd (29/09/2026) ** | 2.34% |
| 7.58% Power Finance Corporation Ltd (15/01/2026) ** | 2.21% |
| 7.23% Small Industries Dev Bank of India (09/03/2026) ** | 2.13% |
| 7.4% NABARD (30/01/2026) | 1.97% |
| 8.02% Bharat Petroleum Corporation Ltd (11/03/2024) ** | 1.23% |
| 6.4% NABARD (31/07/2023) ** | 1.22% |
| 5.86% Tata Capital Housing Finance Ltd (23/02/2024) ** | 1.21% |
| 6.11% Bharat Petroleum Corporation Ltd (04/07/2025) ** | 1.19% |
| Corporate Bond Total | 61.47% |
| Government Bond | |
| 7.38% GOI (20/06/2027) | 7.13% |
| 4.7% GOI FRB (22/09/2033) | 3.68% |
| 7.26% GOI (22/08/2032) | 2.92% |
| 5.74% GOI (15/11/2026) | 2.33% |
| 8.20% GOI (24/09/2025) | 0.88% |
| Government Bond Total | 16.94% |
| Certificate of Deposit | |
| ICICI Bank Ltd (30/11/2023) ** # | 3.49% |
| Kotak Mahindra Bank Ltd (06/12/2023) ** # | 3.49% |
| Certificate of Deposit Total | 6.98% |
| State Government Bond | |
| 6.69% Madhya Pradesh SDL (17/03/2025) | 4.85% |
| 7.39% Maharashtra SDL (09/11/2026) | 1.22% |
| 7.75% Karnatak SDL (01/03/2027) | 0.62% |
| State Government Bond Total | 6.69% |
| Commercial Paper | |
| HDFC Ltd (28/11/2023) ** | 2.32% |
| Commercial Paper Total | 2.32% |
| Cash & Other Receivables Total | 5.59% |
| Total | 100.00% |
** Thinly Traded / Non Traded Security # Unlisted Security
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| MASTF | 3.34% |
4.55% |
5.85% |
|
| Scheme Benchmark* | 4.37% |
5.91% |
6.92% |
|
| Additional Benchmark** | 2.00% |
2.93% |
5.82% |
|
| NAV as on 28th February, 2023 | ₹ 13.2556 | |||
| Index Value (28th February, 2023) | Index Value of benchmark is 4,267.07 and CRISIL 10 Year Gilt Index is 4,134.12 |
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| Allotment Date | 16th March, 2018 | |||
| Scheme Benchmark | *CRISIL Short Duration Fund BII Index | |||
| Additional Benchmark | **CRISIL 10 Year Gilt Index | |||
Fund manager : Mr. Basant Bafna & Mr. Amit Modani managing the scheme since 16th January, 2023 & since June 30, 2021 respectively.
Note: Returns (%) for less than 1 year calculated on simple annualized basis, others are CAGR- Compounded Annualized Growth returns
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 
Different Plans under the scheme has different expense structure. The reference and details provided here in are of Regular Plan - Growth Option
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
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
Note : With reference to SEBI Circular no. SEBI/HO/IMD/IMD-11 DOF-3/CIR/2021/573 dated June 07, 2021 disclosure of Potential Risk Class (PRC) Matrix is provided for debt Schemes of Mirae Asset Mutual Fund.
| Average Maturity | 1.99 Years |
| Modified Duration | 1.65 Years |
| Macaulay Duration | 1.78 Years |
| Annualized Portfolio YTM* | 7.79% |
*In case of semi annual YTM, it will be annualized.