MIRAE ASSET
SHORT DURATION FUND* (formerly known as Mirae Asset Short Term Fund)
(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. 12 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. 12 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 # (since 16th January, 2023) Allotment Date |
16th March, 2018 Benchmark Index |
CRISIL Short Duration Debt A-II 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 / 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 June 30, 2024 |
335.6203 Net AUM (₹ Cr.) |
336.75 Monthly Total Expense Ratio |
(Including Statutory Levies) as on June 30, 2024 Regular Plan: 1.13% Direct Plan: 0.29% **For experience of Fund Managers Click Here |
^Pursuant to notice cum addendum no. 05/2024, Fund Manager of the scheme has been changed with effect from February 01, 2024. Please visit the website for more details: https://www.miraeassetmf.co.in/downloads/statutory-disclosure/addendum | ||||||||||||||
| NAV: | Direct | Regular |
| Growth | ₹ 15.2485 | ₹ 14.4988 |
| IDCW | ₹ 15.2202 | ₹ 14.5019 |
| Portfolio Holdings | % Allocation |
| Certificate Of Deposit | |
| National Bank For Agri & Rural CD (MD 17/01/2025) | 1.43% |
| Certificate Of Deposit Total | 1.43% |
| Commercial Paper | |
| IndoStar Capital Fin Limited CP (MD 26/07/2024) | 1.47% |
| Angel One Limited CP (MD 13/12/2024) | 1.43% |
| Motilal Oswal Fin Ser Ltd CP (MD 14/03/2025) | 1.40% |
| Commercial Paper Total | 4.30% |
| Corporate Bond | |
| National Bank For Agriculture and Rural Development | 7.39% |
| Bharti Telecom Limited | 6.69% |
| Small Industries Dev Bank of India | 6.37% |
| Embassy Office Parks REIT | 5.92% |
| Bajaj Housing Finance Limited | 3.12% |
| National Housing Bank | 2.97% |
| Muthoot Finance Limited | 2.95% |
| Power Finance Corporation Limited | 2.67% |
| Mindspace Business Parks REIT | 2.54% |
| REC Limited | 2.36% |
| Nexus Select Trust - REIT | 2.23% |
| LIC Housing Finance Limited | 2.08% |
| Small Industries Dev Bank of India | 1.91% |
| Hero Fincorp Limited | 1.79% |
| Motilal Oswal Finvest Limited | 1.49% |
| Godrej Industries Limited | 1.49% |
| Indian Railway Finance Corporation Limited | 1.47% |
| Export Import Bank of India | 0.89% |
| Mahanagar Telephone Nigam Limited | 0.86% |
| Bajaj Finance Limited | 0.59% |
| HDFC Bank Limited | 0.44% |
| Corporate Bond Total | 58.23% |
| Government Bond | |
| 7.32% GOI (MD 13/11/2030) | 11.59% |
| 7.1% GOI (MD 08/04/2034) | 8.67% |
| 7.37% GOI (MD 23/10/2028) | 4.51% |
| 7.06% GOI (MD 10/04/2028) | 1.49% |
| 7.18% GOI (MD 14/08/2033) | 1.20% |
| 8.20% GOI (MD 24/09/2025) | 1.06% |
| Government Bond Total | 28.52% |
| Reduced Face Value Bonds | |
| Power Grid Corporation of India Limited | 1.19% |
| Reduced Face Value Bonds Total | 1.19% |
| State Government Bond | |
| 8.1% Jharkhand SDL (MD 11/03/2025) | 1.49% |
| 7.75% Karnatak SDL (MD 01/03/2027) | 0.75% |
| 7.45% Karnataka SDL (MD 20/03/2037) | 0.50% |
| 8.2% Uttarakhand SDL (MD 09/05/2028) | 0.31% |
| State Government Bond Total | 3.05% |
| Corporate Debt Market Development Fund^ | |
| Class A2 units of Corporate Debt Market Development Fund# | 0.32% |
| Corporate Debt Market Development Fund Total | 0.32% |
| Cash & Other Receivables Total | 2.98% |
| Grand Total | 100.00% |
^Please refer to notice-cum-addendum no. 58/2023 https://www.miraeassetmf.co.in/downloads/statutory-disclosure/addendum
#Unlisted Security
| Returns (in%) | |||||
| 1 Year | 3 Years | 5 Years | Since inception | Value of 10000 invested Since Inception (in Rs.) | |
| Mirae Asset Short Duration Fund | 6.49% |
4.96% |
5.83% |
6.08% |
14,499 |
| Scheme Benchmark* | 7.23% |
5.59% |
6.53% |
6.78% |
15,115 |
| Additional Benchmark** | 7.32% |
4.16% |
5.51% |
6.50% |
14,868 |
| NAV as on 30th June, 2024 | ₹ 14.4988 | ||||
| Index Value (30th June, 2024) | Index Value of benchmark is 4,615.08 and CRISIL 10 Year Gilt Index is 4,642.38 | ||||
| Allotment Date | 16th March, 2018 | ||||
| Scheme Benchmark | *CRISIL Short Duration Debt A-II Index | ||||
| Additional Benchmark | **CRISIL 10 Year Gilt Index | ||||
Fund manager : Mr. Basant Bafna managing the scheme since 16th January, 2023.
Note: Returns (%) for less than 1 year calculated on simple annualized basis, others are CAGR- Compounded Annualized Growth returns
Latest available NAV has been taken for return calculation wherever applicable
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.
| Average Maturity | 3.57 Years |
| Modified Duration | 2.76 Years |
| Macaulay Duration | 2.90 Years |
| Annualized Portfolio YTM* | 7.74% |
*In case of semi annual YTM, it will be annualized.
*Pursuant to notice cum addendum no. 62/2023, the name of schemes of Mirae Asset Mutual Fund has been changed with effect from December 15, 2023.