Mirae Asset Short Term Fund Overview
Category Short Duration Fund
BMSMONEY Rank 15
BMSMONEY Rating
Growth Option As On: 18-04-2024
NAV ₹14.28 (R) 0.0% ₹15.0 (D) 0.0%
Returns Gro. Opt. 1Y 3Y 5Y 7Y 10Y
LumpSum Reg. P 6.21% 4.72% 5.87% -% -%
LumpSum Dir. P 7.08% 5.58% 6.73% -% -%
SIP Reg. P -9.12% 3.68% 4.65% -% -%
SIP Dir. P -8.3% 4.56% 5.53% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
-2.27 -0.57 0.45 0.19% -0.03
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
1.03% -0.14% -0.64% 0.79 0.77%

NAV Date: 18-04-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Short Term Fund- Regular Plan -Growth 14.28
0.0000
0.0000%
Mirae Asset Short Term Fund Regular IDCW 14.29
0.0000
0.0000%
Mirae Asset Short Term Fund Direct IDCW 14.97
0.0000
0.0000%
Mirae Asser Short Term Fund -Direct Plan- Growth 15.0
0.0000
0.0000%

Review Date: Feb. 29, 2024

Performance of the Mirae Asset Short Term Fund has been analyzed on 21 performance parameters. Out of nine return parameters, the fund has zero return parameters in first quartile; whereas zero risk parameters (out of five) in first quartile. Similarly zero risk-adjusted performance parameters are in first quartile. Based on this performance Mirae Asset Short Term Fund has achieved 15th (out of 21 funds), which is poor rank in the Short Duration Fund category. Essentially, among its peer group of similar types of funds, it stands in the very good position, a testament to its successful track record. The Short Duration Fund category has 21 funds.
Our ranking strategy involves a composite performance score that reflects the fund's returns, its associated risk, and its risk-adjusted performance for the last three years. We then use this composite performance score to rank the funds within each category.

The Mirae Asset Short Term Fund has poor return performance, as all 1 year and above return parameters are below average in Short Duration Fund category. The details are provided below.'
    '
  1. 1 Month Return%: One month return shows funds performance in very short period of time, the Mirae Asset Short Term Fund has given return of 0.72% in last one month which is good as it is above average in Short Duration Fund.
  2. 3 Month Return%: Three month return shows funds performance in short period of time, the Mirae Asset Short Term Fund has given return of 2.04% in last three month which is good as it is above average in Short Duration Fund.
  3. 6 Month Return%: Six month return shows funds performance in short period of time, the Mirae Asset Short Term Fund has given return of 3.16% in last six month which is very poor as it is in the fourth quartile in Short Duration Fund.
  4. 1 Year Return%: The Mirae Asset Short Term Fund has given return of 6.92% in last one year which is very poor as it is in the fourth quartile in Short Duration Fund. The one year return rank of Mirae Asset Short Term Fund is 17 in 21 funds. The investment of ₹ 10,000 in this fund would have become ₹ 10692.0 in one year.
  5. 3 Year Return%: The Mirae Asset Short Term Fund has given return of 4.81% in last three year which is poor as it is in the below average with return rank of 13 in 20 funds. in Short Duration Fund.
  6. 5 Year Return%: The Mirae Asset Short Term Fund has given return of 6.05% in last five year which is good as it is above average with return rank of 12 in 19 funds. in Short Duration Fund.
  7. 1 Year SIP Return%: The Mirae Asset Short Term Fund has given return of 6.67% in last one year which is very poor as it is in the fourth quartile with rank of 16 in 21 funds. in Short Duration Fund.
  8. 3 Year SIP Return%: The Mirae Asset Short Term Fund has given return of 5.35% in last three year which is very poor as it is in the fourth quartile with rank of 16 in 20 funds. in Short Duration Fund.
  9. 5 Year SIP Return%: The Mirae Asset Short Term Fund has given return of 5.27% in last five year which is very poor as it is in the fourth quartile with rank of 15 in 19 funds. in Short Duration Fund.
    10. '
'

The Mirae Asset Short Term Fund has average risk performance, as more than 25% risk parameters are above average Short Duration Fund category. The details are provided below. '
    '
  1. Standard Deviation: It is a measure of the dispersion of a set of data from its mean. It is calculated as the square root of variance by determining the variation between each data point relative to the mean. The higher the standard deviation, the greater the risk. The Mirae Asset Short Term Fund has standard deviation of 1.03 which is good as it is above average with risk rank of 6 in 15 funds. in Short Duration Fund.
  2. Semi Deviation: It is a measure of the dispersion of a set of data from its mean. It is calculated as the square root of variance by determining the variation between each data point relative to the mean. The higher the semi-deviation, the greater the risk. It uses only negative returns for calculation. The Mirae Asset Short Term Fund has semi deviation of 0.77 which is good as it is above average with risk rank of 5 in 15 funds. in Short Duration Fund.
  3. Max Drawdown %: It is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The Mirae Asset Short Term Fund has max drawdown of -0.64% which is good as it is above average with risk rank of 8 in 15 funds. in Short Duration Fund.
  4. 1Y VaR at 95%: It is the maximum expected loss of an investment over a given time period with a given probability of confidence. The Mirae Asset Short Term Fund has 1Y VaR at 95% of -0.14% which is good as it is above average with risk rank of 6 in 15 funds. in Short Duration Fund.
  5. Average Drawdown %: It is the average of the drawdowns over a period of time. The Mirae Asset Short Term Fund has average drawdown of -0.64% which is very poor as it is in the fourth quartile with risk rank of 14 in 15 funds. in Short Duration Fund.
    6. '
'

The Mirae Asset Short Term Fund has poor risk adjusted performance, as non of above risk adjusted paramerters are above average in Short Duration Fund category. The details are provided below. '
    '
  1. Sterling Ratio: It is a measure of risk-adjusted return. The Mirae Asset Short Term Fund has Sterling Ratio of 0.45 which is poor as it is in the below average with risk rank of 9 in 15 funds. in Short Duration Fund.
  2. Sortino Ratio: It is a measure of risk-adjusted return. The Mirae Asset Short Term Fund has Sortino Ratio of -0.57 which is very poor as it is in the fourth quartile with risk rank of 12 in 15 funds. in Short Duration Fund.
  3. Jensen Alpha %: It is a measure of risk-adjusted return. The Mirae Asset Short Term Fund has Jensen Alpha of 0.19% which is poor as it is in the below average with risk rank of 8 in 15 funds. in Short Duration Fund.
  4. Treynor Ratio: It is a measure of risk-adjusted return. The Mirae Asset Short Term Fund has Treynor Ratio of -0.03 which is very poor as it is in the fourth quartile with risk rank of 12 in 15 funds. in Short Duration Fund.
  5. Modigliani Square Measure %: It is a measure of risk-adjusted return. The Mirae Asset Short Term Fund has Modigliani Square Measure of 5.6% which is good as it is above average with risk rank of 6 in 15 funds. in Short Duration Fund.
  6. Alpha %: It is a measure of risk-adjusted return. The Mirae Asset Short Term Fund has Alpha of -0.87% which is poor as it is in the below average with risk rank of 9 in 15 funds. in Short Duration Fund.
    7. '
'


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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Better Than Cat. Avg In 1st Quartile In 4th Quartile
1M Return % 0.43
0.42
0.00 | 0.52 11 | 21
Yes
No
No
3M Return % 1.70
1.63
0.00 | 2.05 11 | 21
Yes
No
No
6M Return % 3.54
3.53
0.00 | 4.03 15 | 21
Yes
No
No
1Y Return % 6.21
6.33
3.55 | 7.31 15 | 21
No
No
No
3Y Return % 4.72
5.52
3.81 | 11.82 16 | 20
No
No
Yes
5Y Return % 5.87
5.89
3.50 | 7.12 13 | 19
No
No
No
1Y SIP Return % -9.12
-9.09
-13.69 | -8.19 15 | 21
No
No
No
3Y SIP Return % 3.68
4.26
2.83 | 9.53 17 | 20
No
No
Yes
5Y SIP Return % 4.65
5.25
3.54 | 8.73 15 | 19
No
No
Yes
Standard Deviation 1.03
2.10
0.90 | 9.63 6 | 15
Yes
No
No
Semi Deviation 0.77
1.05
0.66 | 2.93 5 | 15
Yes
No
No
Max Drawdown % -0.64
-0.81
-3.15 | -0.24 8 | 15
Yes
No
No
VaR 1 Y % -0.14
-0.38
-1.71 | 0.00 6 | 15
Yes
No
No
Average Drawdown % -0.64
-0.43
-1.16 | -0.19 14 | 15
No
No
Yes
Sharpe Ratio -2.27
-1.64
-2.70 | 0.45 12 | 15
No
No
Yes
Sterling Ratio 0.45
0.54
0.35 | 1.14 9 | 15
No
No
No
Sortino Ratio -0.57
-0.35
-0.64 | 1.14 12 | 15
No
No
Yes
Jensen Alpha % 0.19
1.21
-1.62 | 7.40 8 | 15
No
No
No
Treynor Ratio -0.03
-0.02
-0.03 | 0.07 12 | 15
No
No
Yes
Modigliani Square Measure % 5.60
4.99
2.03 | 7.65 6 | 15
Yes
No
No
Alpha % -0.87
0.55
-1.93 | 8.62 9 | 15
No
No
No
Return data last Updated On : April 18, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Feb. 29, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Better Than Cat. Avg In 1st Quartile In 4th Quartile
1M Return % 0.50 0.47 0.00 | 0.57 10 | 21
Yes
No
No
3M Return % 1.91 1.76 0.00 | 2.09 6 | 21
Yes
Yes
No
6M Return % 3.96 3.83 0.00 | 4.31 13 | 21
Yes
No
No
1Y Return % 7.08 6.99 3.55 | 7.96 12 | 21
Yes
No
No
3Y Return % 5.58 6.12 5.06 | 12.26 13 | 20
No
No
No
5Y Return % 6.73 6.55 3.98 | 7.89 11 | 19
Yes
No
No
1Y SIP Return % -8.30 -8.49 -13.67 | -7.65 11 | 21
Yes
No
No
3Y SIP Return % 4.56 4.88 3.26 | 10.04 12 | 20
No
No
No
5Y SIP Return % 5.53 5.88 4.79 | 9.21 12 | 19
No
No
No
Standard Deviation 1.03 2.10 0.90 | 9.63 6 | 15
Yes
No
No
Semi Deviation 0.77 1.05 0.66 | 2.93 5 | 15
Yes
No
No
Max Drawdown % -0.64 -0.81 -3.15 | -0.24 8 | 15
Yes
No
No
VaR 1 Y % -0.14 -0.38 -1.71 | 0.00 6 | 15
Yes
No
No
Average Drawdown % -0.64 -0.43 -1.16 | -0.19 14 | 15
No
No
Yes
Sharpe Ratio -2.27 -1.64 -2.70 | 0.45 12 | 15
No
No
Yes
Sterling Ratio 0.45 0.54 0.35 | 1.14 9 | 15
No
No
No
Sortino Ratio -0.57 -0.35 -0.64 | 1.14 12 | 15
No
No
Yes
Jensen Alpha % 0.19 1.21 -1.62 | 7.40 8 | 15
No
No
No
Treynor Ratio -0.03 -0.02 -0.03 | 0.07 12 | 15
No
No
Yes
Modigliani Square Measure % 5.60 4.99 2.03 | 7.65 6 | 15
Yes
No
No
Alpha % -0.87 0.55 -1.93 | 8.62 9 | 15
No
No
No
Return data last Updated On : April 18, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Feb. 29, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D 0.0 ₹ 10000.0 0.0 ₹ 10000.0
1W 0.08 ₹ 10008.0 0.09 ₹ 10009.0
1M 0.43 ₹ 10043.0 0.5 ₹ 10050.0
3M 1.7 ₹ 10170.0 1.91 ₹ 10191.0
6M 3.54 ₹ 10354.0 3.96 ₹ 10396.0
1Y 6.21 ₹ 10621.0 7.08 ₹ 10708.0
3Y 4.72 ₹ 11482.0 5.58 ₹ 11769.0
5Y 5.87 ₹ 13299.0 6.73 ₹ 13850.0
7Y - ₹ - - ₹ -
10Y - ₹ - - ₹ -
15Y - ₹ - - ₹ -

Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.

Investment Period Invested Amount Regular Direct
XIRR % Current Value of Invested Amount XIRR % Current Value of Invested Amount
1Y ₹ 12000 -9.1175 ₹ 11398.38 -8.3045 ₹ 11452.752
3Y ₹ 36000 3.6785 ₹ 38080.152 4.558 ₹ 38589.084
5Y ₹ 60000 4.6527 ₹ 67498.98 5.532 ₹ 69009.84
7Y ₹ 84000 - ₹ - - ₹ -
10Y ₹ 120000 - ₹ - - ₹ -
15Y ₹ 180000 - ₹ - - ₹ -


Date NAV Regular Growth NAV Direct Growth
18-04-2024 14.2847 14.9989
16-04-2024 14.2779 14.9911
15-04-2024 14.2823 14.9954
12-04-2024 14.2736 14.9852
08-04-2024 14.2701 14.9801
05-04-2024 14.2729 14.9822
04-04-2024 14.2763 14.9854
03-04-2024 14.2709 14.9794
02-04-2024 14.2692 14.9772
28-03-2024 14.2637 14.9698
27-03-2024 14.2445 14.9493
26-03-2024 14.2391 14.9433
22-03-2024 14.2319 14.9345
21-03-2024 14.2376 14.9399
20-03-2024 14.2265 14.9281
19-03-2024 14.2232 14.9243
18-03-2024 14.2242 14.9251
15-03-2024 14.2231 14.9229
14-03-2024 14.2175 14.9167
13-03-2024 14.2197 14.9187
12-03-2024 14.2191 14.9177
11-03-2024 14.2207 14.919
07-03-2024 14.2065 14.9027
06-03-2024 14.1974 14.8928
05-03-2024 14.1921 14.887
04-03-2024 14.1886 14.883
01-03-2024 14.1803 14.8733
29-02-2024 14.1781 14.8706
28-02-2024 14.1743 14.8663
27-02-2024 14.1721 14.8636
26-02-2024 14.1699 14.861
23-02-2024 14.1598 14.8494
22-02-2024 14.1598 14.849
21-02-2024 14.1581 14.847
20-02-2024 14.1496 14.8377
16-02-2024 14.1331 14.819
15-02-2024 14.1326 14.8181
14-02-2024 14.122 14.8067
13-02-2024 14.1258 14.8103
12-02-2024 14.1248 14.809
09-02-2024 14.1167 14.7995
08-02-2024 14.1199 14.8025
07-02-2024 14.1192 14.8015
06-02-2024 14.1154 14.7972
05-02-2024 14.1108 14.792
02-02-2024 14.1142 14.7945
01-02-2024 14.1035 14.783
31-01-2024 14.0811 14.7592
30-01-2024 14.0766 14.7541
29-01-2024 14.0716 14.7485
25-01-2024 14.0599 14.735
24-01-2024 14.058 14.7326
23-01-2024 14.0584 14.7328
19-01-2024 14.0453 14.7177
18-01-2024 14.0453 14.7174
17-01-2024 14.0461 14.7179
16-01-2024 14.0466 14.718
15-01-2024 14.0439 14.7149
12-01-2024 14.0297 14.699
11-01-2024 14.0269 14.6957
10-01-2024 14.0249 14.6933
09-01-2024 14.0189 14.6867
08-01-2024 14.0149 14.6821
05-01-2024 14.0007 14.6663
04-01-2024 14.0013 14.6666
03-01-2024 14.0012 14.6661
02-01-2024 14.0001 14.6647
01-01-2024 14.0013 14.6656
29-12-2023 13.9983 14.6614
28-12-2023 13.9846 14.6467
27-12-2023 13.9853 14.6472
26-12-2023 13.9898 14.6516
22-12-2023 13.9772 14.6372
21-12-2023 13.9739 14.6334
20-12-2023 13.9731 14.6322
19-12-2023 13.9704 14.6291
18-12-2023 13.9722 14.6307
15-12-2023 13.9606 14.6177
14-12-2023 13.9472 14.6034
13-12-2023 13.9294 14.5844
12-12-2023 13.9239 14.5784
11-12-2023 13.9228 14.5769
08-12-2023 13.9181 14.571
07-12-2023 13.9192 14.5718
06-12-2023 13.9139 14.5659
05-12-2023 13.9092 14.5606
04-12-2023 13.9057 14.5567
01-12-2023 13.8943 14.5437
30-11-2023 13.8952 14.5444
29-11-2023 13.8985 14.5475
28-11-2023 13.8949 14.5434
24-11-2023 13.8837 14.5303
23-11-2023 13.8879 14.5345
22-11-2023 13.8867 14.5329
21-11-2023 13.883 14.5286
20-11-2023 13.8884 14.5339
17-11-2023 13.8894 14.534
16-11-2023 13.8853 14.5294
15-11-2023 13.8815 14.5251
13-11-2023 13.8663 14.5086
10-11-2023 13.8569 14.4977
09-11-2023 13.8599 14.5005
08-11-2023 13.8568 14.497
07-11-2023 13.8516 14.4912
06-11-2023 13.8434 14.4823
03-11-2023 13.8349 14.4724
02-11-2023 13.8297 14.4666
01-11-2023 13.8219 14.4582
31-10-2023 13.8204 14.4562
30-10-2023 13.8174 14.4528
27-10-2023 13.8124 14.4466
26-10-2023 13.8091 14.4428
25-10-2023 13.8108 14.4443
23-10-2023 13.8009 14.4333
20-10-2023 13.7958 14.4269
19-10-2023 13.7968 14.4276
18-10-2023 13.7993 14.43
17-10-2023 13.7987 14.429
16-10-2023 13.7948 14.4246
13-10-2023 13.7887 14.4172
12-10-2023 13.7861 14.4142
11-10-2023 13.7803 14.4078
10-10-2023 13.7693 14.396
09-10-2023 13.7615 14.3875
06-10-2023 13.7683 14.3936
05-10-2023 13.8078 14.4346
04-10-2023 13.7989 14.4249
03-10-2023 13.8006 14.4264
29-09-2023 13.796 14.4203
27-09-2023 13.8006 14.4245
26-09-2023 13.8024 14.426
25-09-2023 13.7991 14.4222
22-09-2023 13.7933 14.4152
21-09-2023 13.7962 14.418
20-09-2023 13.7932 14.4144
18-09-2023 13.7853 14.4056
15-09-2023 13.7788 14.3978
14-09-2023 13.7877 14.4068
13-09-2023 13.7717 14.3897
12-09-2023 13.7577 14.3748
11-09-2023 13.7583 14.375
08-09-2023 13.7582 14.374
07-09-2023 13.76 14.3755
06-09-2023 13.7516 14.3665
05-09-2023 13.7508 14.3653
04-09-2023 13.7493 14.3635
01-09-2023 13.7454 14.3583
31-08-2023 13.7439 14.3565
30-08-2023 13.7393 14.3514
29-08-2023 13.7371 14.3488
28-08-2023 13.7355 14.3467
25-08-2023 13.7255 14.3354
24-08-2023 13.7235 14.3329
23-08-2023 13.7199 14.3289
22-08-2023 13.7111 14.3193
21-08-2023 13.7102 14.3181
18-08-2023 13.7026 14.3092
17-08-2023 13.698 14.3041
14-08-2023 13.7057 14.3112
11-08-2023 13.6989 14.303
10-08-2023 13.7037 14.3078
09-08-2023 13.6986 14.3022
08-08-2023 13.6977 14.3009
07-08-2023 13.6951 14.2978
04-08-2023 13.6881 14.2896
03-08-2023 13.6872 14.2883
02-08-2023 13.6909 14.2918
01-08-2023 13.6897 14.2902
31-07-2023 13.6833 14.2833
28-07-2023 13.6775 14.2762
27-07-2023 13.6836 14.2823
26-07-2023 13.6835 14.2818
25-07-2023 13.6789 14.2767
24-07-2023 13.6807 14.2783
21-07-2023 13.673 14.2693
20-07-2023 13.6729 14.2689
19-07-2023 13.6702 14.2657
18-07-2023 13.6689 14.2641
17-07-2023 13.6611 14.2556
14-07-2023 13.6518 14.2449
13-07-2023 13.6498 14.2426
12-07-2023 13.6388 14.2307
11-07-2023 13.6372 14.2287
10-07-2023 13.6265 14.2172
07-07-2023 13.6214 14.211
06-07-2023 13.6244 14.2138
05-07-2023 13.6276 14.2168
04-07-2023 13.6216 14.2102
03-07-2023 13.6187 14.2069
30-06-2023 13.6151 14.2021
28-06-2023 13.6155 14.202
27-06-2023 13.6127 14.1987
26-06-2023 13.6133 14.199
23-06-2023 13.6054 14.1898
22-06-2023 13.6012 14.1851
21-06-2023 13.6041 14.1878
20-06-2023 13.6094 14.193
19-06-2023 13.6072 14.1904
16-06-2023 13.6008 14.1828
15-06-2023 13.5995 14.1811
14-06-2023 13.5994 14.1807
13-06-2023 13.599 14.18
12-06-2023 13.5971 14.1776
09-06-2023 13.5913 14.1706
08-06-2023 13.5969 14.1762
07-06-2023 13.6024 14.1816
06-06-2023 13.599 14.1777
05-06-2023 13.5935 14.1716
02-06-2023 13.5889 14.1659
01-06-2023 13.585 14.1615
31-05-2023 13.5761 14.1518
30-05-2023 13.5726 14.1479
29-05-2023 13.5714 14.1463
26-05-2023 13.5705 14.1444
25-05-2023 13.5686 14.1421
24-05-2023 13.568 14.1412
23-05-2023 13.566 14.1388
22-05-2023 13.5688 14.1414
19-05-2023 13.5485 14.1192
18-05-2023 13.5444 14.1147
17-05-2023 13.5436 14.1135
16-05-2023 13.5363 14.1056
15-05-2023 13.5296 14.0983
12-05-2023 13.5205 14.0879
11-05-2023 13.5141 14.0808
10-05-2023 13.5131 14.0795
09-05-2023 13.5145 14.0807
08-05-2023 13.5133 14.079
04-05-2023 13.5056 14.0697
03-05-2023 13.5004 14.0641
02-05-2023 13.49 14.0528
28-04-2023 13.4853 14.0467
27-04-2023 13.4863 14.0474
26-04-2023 13.4797 14.0402
25-04-2023 13.4742 14.0342
24-04-2023 13.4674 14.0268
21-04-2023 13.4549 14.0128
20-04-2023 13.4497 14.007
19-04-2023 13.4443 14.0012
18-04-2023 13.4406 13.997

Fund Launch Date: 23/Feb/2018
Fund Category: Short Duration Fund
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.
Fund Description: 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
Fund Benchmark: CRISIL Short Term Bond Fund Index
Source: Fund FactSheet

Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.