• Mutual Funds
  • Mirae Asset Mutual Fund
  • Mirae Asset Short Term of Income Distribution cum capital withdrawal fund (PIDCW-A)

Formerly Mirae Asset Short Term Reg DP

Mirae Asset Mutual Fund

Mirae Asset Short Term of Income Distribution cum capital withdrawal fund (PIDCW-A)

DebtShort Term

12.7591

NAV (Dec 03)

6.8%
Till Date CAGR
Scripbox Opinion

Neutral

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.

Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.

Our analysis of this fundLearn how we rate funds ->

Track Record

3 Years. The fund has Relatively moderate history for analysis. We recommend funds with longer history.

Relative Size

652 Cr. Medium within the category

Impact of Interest Rate Changes

Moderate Interest Rate Risk. The impact on fund value is moderate 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

Invest in this fund
Explore a better alternative to this fund with a Scripbox plan.
Short Term Money

Short Term Money

Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

  • graph-icon-gray
    Historical growth rate of 6.5% per annum
  • graph-icon-gray
    Recommended Duration 1 - 5 years
  • graph-icon-gray
    No Lock-in
  • graph-icon-gray
    Expert Investing Only, Car, Down Payment

No single fund can achieve what a plan can. Learn why

Historical NAV

12.7591

NAV (Dec 3)

Fund Returns

Last 1Y

3.3%

Last 3Y

7.2%

Last 5Y

NA

Last 10Y

NA

Since Inception

6.8%

6 Month CAGR

1.8%

info-icon-blue

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

Low

Low to Moderate

Moderate

Moderately High

High

Very High

Low to Moderate Risk

Expense Ratio

1.15

Launched (3y ago)

Mar 16, 2018

AUM in Crores

651.873

ISIN

INF769K01DV0

Lock-in

No Lock-in

Benchmark

CRISIL Short Term Bond Fund TR INR

SIP Minimum

1000

Lumpsum Min.

5000

Fund Managers
user-avatar

Amit Modani

Fund Manager

user-avatar

Mahendra Jajoo

Fund Manager

calculator

Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%₹ 9,65,796 ₹ 2,33,18411.25%
EPF70% ₹ 9,00,761 ₹ 1,68,1498.50%
Property70% ₹ 8,67,662 ₹ 1,35,0507.00%
PPF70% ₹ 8,69,819 ₹ 1,37,2077.10%
Bank FD70% ₹ 8,46,471 ₹ 1,13,8596.00%
Gold70% ₹ 8,46,471 ₹ 1,13,8596.00%
Savings Bank70% ₹ 8,25,950 ₹ 93,3385.00%

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.

build-long-item-wealth-img

Short Term Money

Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

  • Inflation beating returns
    Inflation beating returns
  • Expert Investing Only, Car, Down Payment
    Expert Investing Only, Car, Down Payment
  • One click investing  tracking
    One click investing tracking
comparison

Comparison with Debt Funds

Fund NameScripbox OpinionFund SizeTrack Record
Kotak Savings Fund (G)

Kotak Savings Fund (G)

₹ 13,499 cr

5

₹ 33,567 cr

5

₹ 11,691 cr

5

₹ 27,296 cr

5

₹ 31,118 cr

5

amc-icon

About the AMC

Mirae Asset Global Inv (India) Pvt. Ltd

Mirae Asset Investment Managers (India) Private Limited manages assets worth 97,454 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.

amc-img

  • tel-amc-about
    022-67800300
  • mail-amc-about
    customercare@miraeasset.com
  • Fund NameScripbox Opinion
    Till Date CAGR

    23.1%

    21%

    17.3%

    16.2%

    22.3%

    20.6%

    15.8%

    15.9%

    15.8%

    15.9%

    growth

    Short Term Money

    Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

    • graph-icon-gray
      Historical growth rate of 6.5% per annum
    • graph-icon-gray
      Recommended Duration 1 - 5 years
    • graph-icon-gray
      No Lock-in
    • graph-icon-gray
      Expert Investing Only, Car, Down Payment
    • graph-icon-gray
      One-click investing and tracking
    • graph-icon-gray
      Zero fees for all your investments
    Kotak Savings Fund (Growth)

    Kotak Savings Fund (Growth)

    Debt

    Ultra Short

    ICICI Prudential Savings Fund (Growth)

    ICICI Prudential Savings Fund (Growth)

    Debt

    Low Duration

    Tata Liquid Fund (Growth)

    Tata Liquid Fund (Growth)

    Debt

    Liquid

    How does Scripbox rate funds?

    Proprietary 4-step system to rate mutual 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?
    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.
    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    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

    Sub-asset Class View

    We check if the sub-category of the fund is recommended by us.

    Fund Performance

    Fund Performance

    Consistency of performance over various tenures is analysed for a relative performance stack.

    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    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

    Impact of Interest Rates

    We check the relative interest rate risk of the sub-category of the fund. Lower the better.

    Credit Attractiveness

    Credit Attractiveness

    We check the credit quality of the underlying instruments present in the fund. Higher the better.

    Equity Funds

    Debt Funds

    How to invest in best mutual funds?

    Investing through Scripbox is made easy and paperless. All you need to do is follow the below steps and start investing.

    grow money
    01

    Choose a plan

    Choose a plan to invest to start investing

    02

    Create an Account

    Create an account with Scripbox through a paperless process, to invest in this fund.

    03

    Invest online & transfer

    Invest via netbanking, UPI or through an SIP (eNACH mandate).

    04

    Track your investments

    Track, invest more and withdraw your investments through the Scripbox dashboard

    TRUST

    1. 4100+Crores
    2. 2500+Cities
    3. 7200+Customers are millionaires
    We thrive on trust.

    We match your objectives to the right portfolio. World-class wealth management using science, data and technology, leveraged by our experience, and human touch. Get started with your wealth creation without worry.

    testimonial image
    Investing has helped me dream bigger for my life
    Dr. Shraddha BahirwaniSr. Dental Consultant

    About Mirae Asset Short Term of Income Distribution cum capital withdrawal fund (PIDCW-A)

    About Mirae Asset Short Term of Income Distribution cum capital withdrawal fund (PIDCW-A)

    Mirae Asset Short Term of Income Distribution cum capital withdrawal fund (PIDCW-A) is a Short Term Debt fund and has delivered an annualised return of 6.8% over a period of 3 years. The fund was previously known as Mirae Asset Short Term Reg DP . The fund is managed by Mirae Asset Investment Managers (India) Private Limited. The fund managers are Amit Modani, Mahendra Jajoo

    Mirae Asset Short Term of Income Distribution cum capital withdrawal fund (PIDCW-A) 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 of Income Distribution cum capital withdrawal fund (PIDCW-A) NAV,AUM,Risk

    The Mirae Asset Short Term of Income Distribution cum capital withdrawal fund (PIDCW-A) fund was launched on Mar 16, 2018. The NAV (Net Asset Value) of this Short Term Debt fund as of 2021-12-03 is ₹12.76. The total AUM (Asset Under Management) of the fund as of 06/12/2021 is ₹651.873. The category risk of the Mirae Asset Short Term of Income Distribution cum capital withdrawal fund (PIDCW-A) fund is Low to Moderate Risk. The fund charges 1.15 % as expense ratio.

    Mirae Asset Short Term of Income Distribution cum capital withdrawal fund (PIDCW-A) Holdings

    The fund’s highest allocation is towards Debt and has invested 73.2% in this asset class. The top three holdings of the fund are , triparty repo , iifl wealth prime limited , 5.63% govt stock 2026 , lic housing finance limited , rural electrification corporation limited , housing development finance corporation limited , bajaj finance limited , 07.37% mh sdl 2026 , hindustan petroleum corporation limited , national bank for agriculture and rural development , reliance industries limited , hindustan petroleum corporation limited , housing and urban development corporation limited (hudco) , oil & natural gas corporation limited , 5.09% govt stock 2022 , l & t infrastructure finance company limited , net receivables / (payables) , power finance corporation limited , power grid corporation of india limited , l&t finance limited , bajaj finance limited , vedanta limited , housing and urban development corporation limited (hudco) , national housing bank , jamnagar utilities & power private limited , small industries development bank of india , small industries development bank of india , 07.39% mh sdl 2026 , power grid corporation of india limited , rural electrification corporation limited , bharat petroleum corporation limited , hdb financial services limited , rec limited , lic housing finance limited , housing development finance corporation limited , national housing bank , ntpc limited , tata capital housing finance limited , l&t infrastructure finance company limited , bharat petroleum corporation limited , export-import bank of india , chennai petroleum corporation limited , axis finance limited , 8.20% govt stock 2025 , housing development finance corporation limited , indian railway finance corporation limited

    Mirae Asset Short Term of Income Distribution cum capital withdrawal fund (PIDCW-A) 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 of Income Distribution cum capital withdrawal fund (PIDCW-A) 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 of Income Distribution cum capital withdrawal fund (PIDCW-A) Review

    Mirae Asset Short Term of Income Distribution cum capital withdrawal fund (PIDCW-A) has a score of 3 on a scale of 5. The fund has a score of 3 out of 5 based on historical performance. As compared to the other funds in its category, Mirae Asset Short Term of Income Distribution cum capital withdrawal fund (PIDCW-A) has a score of 3out of 5 The credit risk of the fund is 4 out of 5 as compared to other debt funds.

    Get started with investing today

    Invest in the best mutual funds recommended by Scripbox that are algorithmically selected that best suit your needs.