- Mutual Funds
- Mirae Asset Mutual Fund
- Mirae Asset Short Duration fund (PIDCW-A)
Formerly Mirae Asset Short Duration Reg IDCW-P
Mirae Asset Short Duration fund (PIDCW-A)
₹ 14.2936
NAV (Apr 22)
Short term funds provides relative safety of capital with growth at par with inflation and is suitable for investment objectives with duration of 1-5 years or longer.
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.
Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 14.2936
NAV (Apr 22)
Fund Returns
Last 1Y | 6.2% |
Last 3Y | 4.7% |
Last 5Y | 5.9% |
Last 10Y | NA |
Since Inception | 6% |
6 Month CAGR | 3.6% |
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 (6y ago) | Mar 16, 2018 |
AUM in Crores | 335.658 |
ISIN | INF769K01DV0 |
Lock-in | No Lock-in |
Benchmark | CRISIL Short Duration Debt B-II TR INR |
SIP Minimum | 1000 |
Lumpsum Min. | 5000 |
Standard Deviation (3yr) | 1 |
Standard Deviation (5yr) | 1.4 |
Beta (3yr) | 0 |
Beta (5yr) | 0 |
Sharpe Ratio (3yr) | -0.695 |
Sharpe Ratio (5yr) | 0.515 |
YTM | 7.81 |
Fund Managers
Returns Calculator Comparison
of
for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| Mirae Asset Short Duration fund (PIDCW-A) | 8,44,389 | 1,11,777 | 5.9% | |
| EPF | 9,00,761 | 1,68,149 | 8.50% | |
| Property | 8,67,662 | 1,35,050 | 7.00% | |
| PPF | 8,69,819 | 1,37,207 | 7.10% | |
| Bank FD | 8,46,471 | 1,13,859 | 6.00% | |
| Gold | 8,46,471 | 1,13,859 | 6.00% | |
| Savings Bank | 8,25,950 | 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
treps
8.8%7.06% govt stock 2028
7.5%7.18% govt stock 2033
4.7%small industries development bank of india
4.3%muthoot finance limited
4.3%Comparison with Debt Funds
| Fund Name | Fund Size | Rolling Returns |
|---|---|---|
₹ 4,923 cr | ||
₹ 10,293 cr | ||
₹ 35,428 cr | ||
₹ 13,848 cr | ||
₹ 13,895 cr |
About the AMC
Mirae Asset Global Inv (India) Pvt. Ltd
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
18.8% | 18.8% | ||
18% | 18.2% | ||
24.7% | 26.9% | ||
14.8% | 21% | ||
10.9% | 11.4% |
Mirae Asset Short Duration fund (PIDCW-A) Review
Mirae Asset Short Duration fund (PIDCW-A) is a Short Term Debt fund and has delivered an annualised return of 6% over a period of 6 years. The fund was previously known as Mirae Asset Short Duration Reg IDCW-P. The fund is managed by Mirae Asset Investment Managers (India) Private Limited. The fund manager’s name is Basant Bafna.
Nav of Mirae Asset Short Duration fund (PIDCW-A) as of 4/22/2024 is ₹14.29 with the total AUM as of 4/23/2024 is ₹335.658. With Scripbox you can compare and check the latest nav for all mutual funds in India. Mirae Asset Short Duration fund (PIDCW-A) 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 Duration fund (PIDCW-A) 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 Duration fund (PIDCW-A) 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 Debt B-II TR INR.
Mirae Asset Short Duration fund (PIDCW-A) is rated as a 2 fund in Debt and delivered 6.2% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with Mirae Asset Short Duration fund (PIDCW-A).
Frequently Asked Questions
What is Mirae Asset Short Duration fund (PIDCW-A)?
How to invest in Mirae Asset Short Duration fund (PIDCW-A)?
You can invest in Mirae Asset Short Duration fund (PIDCW-A) 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 Duration fund (PIDCW-A)?
The minimum sip amount for Mirae Asset Short Duration fund (PIDCW-A) is ₹1000. You can invest in multiples of ₹5000.
Is Mirae Asset Short Duration fund (PIDCW-A) good to invest in?
As per Scripbox experts, Mirae Asset Short Duration fund (PIDCW-A) is a Neutral fund. You can investMirae Asset Short Duration fund (PIDCW-A) 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 Duration fund (PIDCW-A)?
The expense ratio of the Mirae Asset Short Duration fund (PIDCW-A) is 1.14% for regular plan.