Click here for top ranked funds in short term mutual funds.
However, Scripbox does not recommend investing in short term mutual funds.
Short Term Funds invest in debt and money market instruments such that the duration of the portfolio is between 1 to 3 years.This exposes them to higher variations when interest rates change.
The category is one of the largest categories within the Debt Segment (9% of the total assets).
We assess the credit quality of funds in this category as relatively poor.We do not recommend funds in this category since we believe that the potential incremental return is not justified by the higher credit risk and higher interest rate risk.
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Scheme Information
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
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
Mirae Asset Investment Managers (India) Private Limited manages assets worth 83,283 crores and was set up on 20 November 2006. It's current offering of mutual fund schemes includes 29 equity,36 debt and 9 hybrid funds.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
What Scripbox recommendations mean?
Recommended
Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
Top Ranked
Neutral
Not Recommended
Track Record
We look at consistent and long historical performance for our analysis.
Fund Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Sub-asset Class View
We check if the sub-category of the fund is recommended by us.
Fund Performance
Consistency of performance over various tenures is analysed for a relative performance stack.
Track Record
We look at consistent and long historical performance for our analysis.
Fund Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Impact of Interest Rates
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Credit Attractiveness
We check the credit quality of the underlying instruments present in the fund. Higher the better.
Equity Funds
Debt Funds
About Mirae Asset Short Term fund (G)
About Mirae Asset Short Term fund (G)
Mirae Asset Short Term fund (G) is a short term debt fund and has delivered an annualised return of 7.1% over a period of 3 years ..The fund is managed by Mirae Asset Investment Managers (India) Private Limited.The fund managers are Amit Modani, Mahendra Jajoo
Mirae Asset Short Term fund (G) 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 However, there is no assurance that the objective of the scheme will be realized.
Mirae Asset Short Term fund (G) NAV,AUM,Risk
The Mirae Asset Short Term fund (G) fund was launched on Mar 16, 2018. The NAV (Net Asset Value) of this short term debt as of 2021-07-30 is ₹ 12.619. The total AUM (Asset Under Management) of the fund as of 2021-08-02 is ₹ 721.639. The category risk of the Mirae Asset Short Term fund (G) fund is Low to Moderate Risk.
The fund charges 1.13 % as expense ratio.
Mirae Asset Short Term fund (G) Holdings
The fund’s highest allocation is towards debt and has invested 86.9% in this asset class. The top three holdings of the fund are 5.63% govt stock 2026,6.18% govt stock 2024 and 08.38 ka sdl 2022
Mirae Asset Short Term fund (G) SIP
The minimum SIP (Systematic Investment Plan) amount for this is ₹ 1000 and you can increase this in multiples of ₹ 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 5000.
Mirae Asset Short Term fund (G) Investment volatility and Horizon
This fund is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to CRISIL Short Term Bond Fund TR INR.
Mirae Asset Short Term fund (G) Review
Mirae Asset Short Term fund (G) has a score of 3 on a scale of 5. The fund scores 3 out of 5 based on historical performance. As compared to the other funds in its category, Mirae Asset Short Term fund (G) has a score of 3 out of 5.
The credit risk of the fund is 4 out of 5 as compared to other debt funds.
