- Mutual Funds
- Mirae Asset Mutual Fund
- Mirae Asset Short Term fund (Growth)
Mirae Asset Short Term fund (Growth)
₹ 12.8135
NAV (Jun 23)
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.
Track Record
4 Years. The fund has Relatively moderate history for analysis. We recommend funds with longer history.
Relative Size
442 Cr. Medium within the category
Impact of Interest Rate Changes
Low Interest Rate Risk. The impact on fund value is quite low when interest rates change
Credit Quality Of Fund's Portfolio
Low Credit Risk. The fund has a high credit quality compared to other debt funds
Scripbox Recommended Debt Funds
Want the ultra short term debt funds that are right for your short term investment needs?
Learn more
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 12.8135
NAV (Jun 23)
Fund Returns
Last 1Y | 2.1% |
Last 3Y | 5.4% |
Last 5Y | NA |
Last 10Y | NA |
Since Inception | 6% |
6 Month CAGR | 0.4% |
Scheme Information
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
Expense Ratio | 1.14 |
Launched (4y ago) | Mar 16, 2018 |
AUM in Crores | 441.577 |
ISIN | INF769K01DU2 |
Lock-in | No Lock-in |
Benchmark | CRISIL Short Duration Fund TR INR |
SIP Minimum | 1000 |
Lumpsum Min. | 5000 |
Fund Managers
Returns Calculator Comparison
of
for
with step up of
| Instrument | Returns | Total Corpus | Gains | Annualised % |
|---|---|---|---|---|
| Mutual Fund | 965,796 | 233,184 | 11.25% | |
| EPF | 900,761 | 168,149 | 8.50% | |
| Property | 867,662 | 135,050 | 7.00% | |
| PPF | 869,819 | 137,207 | 7.10% | |
| Bank FD | 846,471 | 113,859 | 6.00% | |
| Gold | 846,471 | 113,859 | 6.00% | |
| Savings Bank | 825,950 | 93,338 | 5.00% |
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.
Asset allocation and Holdings
Top Debt Holdings
182 Days Treasury Bill 04-08-2022
7.9%treps
6.6%5.74 11/15/2026 12:00:00 am
6.3%rural electrification corporation limited
5.7%national bank for agriculture and rural development
4.5%Comparison with Debt Funds
| Fund Name | Scripbox Opinion | Fund Size | Track Record |
|---|---|---|---|
₹ 44,308 cr | |||
₹ 14,441 cr | |||
₹ 18,739 cr | |||
₹ 12,059 cr | |||
₹ 44,308 cr |
About the AMC
Mirae Asset Global Inv (India) Pvt. Ltd
Mirae Asset Investment Managers (India) Private Limited manages assets worth 100,291 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.
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
14.9% | 16.6% | ||
14.1% | 16.2% | ||
16.5% | 18.2% | ||
25.9% | 18.2% | ||
16% | 19.5% |
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsMirae Asset Short Term fund (G) Review
Mirae Asset Short Term fund (G) is a Short Term Debt fund and has delivered an annualised return of 6% over a period of 4 years. The fund is managed by Mirae Asset Investment Managers (India) Private Limited. The fund managers are Amit Modani, Mahendra Jajoo.
Nav of Mirae Asset Short Term fund (G) as of 6/23/2022 is ₹12.81 with the total AUM as of 6/24/2022 is ₹441.577. With Scripbox you can compare and check the latest nav for all mutual funds in India. Mirae Asset Short Term fund (G) was launched on Mar 16, 2018. The category risk of the fund is Low to Moderate Risk.
The minimum SIP amount for Mirae Asset Short Term fund (G) 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. Check your estimated returns on mutual funds by using sip calculator.
Mirae Asset Short Term fund (G) 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 Duration Fund TR INR.
Mirae Asset Short Term fund (G) is rated as a 3 fund in Debt and delivered 2.1% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with Mirae Asset Short Term fund (G).
Frequently Asked Questions
What is Mirae Asset Short Term fund (G)?
How to invest in Mirae Asset Short Term fund (G)?
You can invest in Mirae Asset Short Term fund (G) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?
What is the minimum sip amount of Mirae Asset Short Term fund (G)?
The minimum sip amount for Mirae Asset Short Term fund (G) is ₹1000. You can invest in multiples of ₹5000.
Is Mirae Asset Short Term fund (G) good to invest in?
As per Scripbox experts, Mirae Asset Short Term fund (G) is a Neutral fund. You can investMirae Asset Short Term fund (G) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.
What is the expense ratio of the Mirae Asset Short Term fund (G)?
The expense ratio of the Mirae Asset Short Term fund (G) is 1.14% for regular plan.