Previously Known As : Mirae Asset Savings Fund
Mirae Asset Low Duration Fund Overview
Category Low Duration Fund
BMSMONEY Rank 10
BMSMONEY Rating
Gro. Opt. As On: 20-12-2024
NAV ₹2168.4(R) -0.0% ₹2352.2(D) 0.0%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 7.35% 5.92% 5.5% 5.69% 5.95%
LumpSum (D) 8.01% 6.56% 6.14% 6.35% 6.68%
SIP (R) -38.02% 1.32% 4.03% 4.85% 5.38%
SIP (D) -37.6% 1.98% 4.69% 5.51% 6.07%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
-1.57 -0.43 0.58 -% -
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
0.59% 0.0% -0.11% - 0.49%
Top Low Duration Fund
Fund Name Rank Rating
Icici Prudential Savings Fund 1
UTI Low Duration Fund 2
Axis Treasury Advantage Fund 3
Hdfc Low Duration Fund 4

NAV Date: 20-12-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Low Duration Fund - Regular Plan - Daily IDCW 1005.15
-0.0100
0.0000%
Mirae Asset Low Duration Fund - Regular Plan - Quarterly IDCW 1016.17
-0.0100
0.0000%
Mirae Asset Low Duration Fund - Direct Plan - Quarterly IDCW 1017.44
0.0000
0.0000%
Mirae Asset Low Duration Fund - Regular Plan - Monthly IDCW 1091.48
-0.0200
0.0000%
Mirae Asset Low Duration Fund - Regular Plan - Weekly IDCW 1106.7
-0.0200
0.0000%
Mirae Asset Low Duration Fund - Direct Plan - Monthly IDCW 1164.69
0.0000
0.0000%
Mirae Asset Low Duration Fund - Direct Plan - Daily IDCW 1208.93
0.0000
0.0000%
Mirae Asset Low Duration Fund - Direct Plan - Weekly IDCW 1454.51
0.0000
0.0000%
Mirae Asset Low Duration Fund - Regular Plan - Growth 2168.4
-0.0300
0.0000%
Mirae Asset Low Duration Fund - Direct Plan - Growth 2352.2
0.0100
0.0000%

Review Date: 20-12-2024

Mirae Asset Low Duration Fund has shown average performance in the Low Duration Fund category. The fund has rank of 10 out of 17 funds in the category. The fund has delivered return of 7.35% in 1 year, 5.92% in 3 years, 5.5% in 5 years and 5.95% in 10 years. The category average for the same periods is 7.33%, 6.03%, 6.02% and 6.58% respectively, which shows average return performance of fund in the category. The fund has exhibited standard deviation of 0.59, VaR of 0.0, Average Drawdown of -0.11, Semi Deviation of 0.49 and Max Drawdown of -0.11. The category average for the same parameters is 0.62, -0.02, -0.12, 0.5 and -0.13 respectively. The fund has low risk in the category.

Key Points:

  1. An investment of ₹10,000 in Mirae Asset Low Duration Fund direct growth option would have grown to ₹10801.0 in 1 year, ₹12098.0 in 3 years and ₹13472.0 in 5 years as of today (20-12-2024).
  2. An SIP of ₹1,000 per month in Mirae Asset Low Duration Fund direct growth option would have grown to ₹9382.0 in 1 year, ₹37112.0 in 3 years and ₹67570.0 in 5 years as of today (20-12-2024).
  3. standard deviation of 0.59 and based on VaR one can expect to lose more than 0.0% of current value of fund in one year.
  4. Sharpe ratio of the fund is -1.57 which shows average performance of fund in the low duration fund category.


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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % 0.46
0.48
0.43 | 0.52 14 | 19 Average
3M Return % 1.68
1.71
1.58 | 1.86 14 | 19 Average
6M Return % 3.56
3.57
3.30 | 3.83 10 | 19 Good
1Y Return % 7.35
7.33
6.86 | 7.98 9 | 19 Good
3Y Return % 5.92
6.03
5.44 | 6.61 13 | 17 Average
5Y Return % 5.50
6.02
5.12 | 9.24 15 | 17 Average
7Y Return % 5.69
6.10
5.41 | 6.89 13 | 16 Poor
10Y Return % 5.95
6.58
5.95 | 7.33 13 | 13 Poor
1Y SIP Return % -38.02
-38.01
-38.36 | -37.64 12 | 19 Average
3Y SIP Return % 1.32
1.42
0.83 | 2.15 12 | 17 Average
5Y SIP Return % 4.03
4.30
3.57 | 5.31 14 | 17 Average
7Y SIP Return % 4.85
5.18
4.64 | 5.91 14 | 16 Poor
10Y SIP Return % 5.38
5.83
5.38 | 6.59 11 | 13 Average
15Y SIP Return % 2.33
15.26
2.33 | 44.36 13 | 13 Poor
Standard Deviation 0.59
0.62
0.53 | 0.92 6 | 17 Good
Semi Deviation 0.49
0.50
0.42 | 0.76 8 | 17 Good
Max Drawdown % -0.11
-0.13
-0.29 | 0.00 6 | 17 Good
VaR 1 Y % 0.00
-0.02
-0.36 | 0.00 16 | 17 Poor
Average Drawdown % -0.11
-0.12
-0.26 | 0.00 6 | 17 Good
Sharpe Ratio -1.57
-1.35
-2.24 | -0.33 13 | 17 Average
Sterling Ratio 0.58
0.59
0.53 | 0.63 13 | 17 Average
Sortino Ratio -0.43
-0.38
-0.56 | -0.11 13 | 17 Average
Return data last Updated On : Dec. 20, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Nov. 29, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % 0.51 0.52 0.47 | 0.56 12 | 19
3M Return % 1.84 1.85 1.75 | 2.00 9 | 19
6M Return % 3.87 3.84 3.69 | 4.04 7 | 19
1Y Return % 8.01 7.89 7.60 | 8.20 6 | 19
3Y Return % 6.56 6.56 6.32 | 6.87 9 | 17
5Y Return % 6.14 6.54 5.83 | 9.62 13 | 17
7Y Return % 6.35 6.62 5.52 | 7.23 13 | 16
10Y Return % 6.68 7.06 6.39 | 7.64 11 | 13
1Y SIP Return % -37.60 -37.66 -37.83 | -37.44 9 | 19
3Y SIP Return % 1.98 1.96 1.73 | 2.27 8 | 17
5Y SIP Return % 4.69 4.84 4.45 | 5.50 10 | 17
7Y SIP Return % 5.51 5.71 5.23 | 6.14 12 | 16
10Y SIP Return % 6.07 6.32 5.77 | 6.87 10 | 13
Standard Deviation 0.59 0.62 0.53 | 0.92 6 | 17
Semi Deviation 0.49 0.50 0.42 | 0.76 8 | 17
Max Drawdown % -0.11 -0.13 -0.29 | 0.00 6 | 17
VaR 1 Y % 0.00 -0.02 -0.36 | 0.00 16 | 17
Average Drawdown % -0.11 -0.12 -0.26 | 0.00 6 | 17
Sharpe Ratio -1.57 -1.35 -2.24 | -0.33 13 | 17
Sterling Ratio 0.58 0.59 0.53 | 0.63 13 | 17
Sortino Ratio -0.43 -0.38 -0.56 | -0.11 13 | 17
Return data last Updated On : Dec. 20, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Nov. 29, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D 0.00 ₹ 10,000.00 0.00 ₹ 10,000.00
1W 0.09 ₹ 10,009.00 0.10 ₹ 10,010.00
1M 0.46 ₹ 10,046.00 0.51 ₹ 10,051.00
3M 1.68 ₹ 10,168.00 1.84 ₹ 10,184.00
6M 3.56 ₹ 10,356.00 3.87 ₹ 10,387.00
1Y 7.35 ₹ 10,735.00 8.01 ₹ 10,801.00
3Y 5.92 ₹ 11,882.00 6.56 ₹ 12,098.00
5Y 5.50 ₹ 13,068.00 6.14 ₹ 13,472.00
7Y 5.69 ₹ 14,729.00 6.35 ₹ 15,391.00
10Y 5.95 ₹ 17,832.00 6.68 ₹ 19,096.00
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 -38.02 ₹ 9,350.59 -37.60 ₹ 9,382.44
3Y ₹ 36000 1.32 ₹ 36,741.02 1.98 ₹ 37,112.00
5Y ₹ 60000 4.03 ₹ 66,453.78 4.69 ₹ 67,569.90
7Y ₹ 84000 4.85 ₹ 99,795.19 5.51 ₹ 102,188.10
10Y ₹ 120000 5.38 ₹ 158,133.24 6.07 ₹ 163,905.48
15Y ₹ 180000 2.33 ₹ 215,175.24 ₹


Date Mirae Asset Low Duration Fund NAV Regular Growth Mirae Asset Low Duration Fund NAV Direct Growth
20-12-2024 2168.4042 2352.1966
19-12-2024 2168.4357 2352.1907
18-12-2024 2168.2837 2351.9863
17-12-2024 2167.8695 2351.4977
16-12-2024 2167.4714 2351.0264
13-12-2024 2166.4587 2349.8096
12-12-2024 2166.4123 2349.7199
11-12-2024 2166.3016 2349.5605
10-12-2024 2166.1381 2349.3437
09-12-2024 2165.8079 2348.9462
06-12-2024 2164.99 2347.941
05-12-2024 2164.487 2347.3561
04-12-2024 2163.8479 2346.6236
03-12-2024 2163.3326 2346.0255
02-12-2024 2162.7863 2345.3968
29-11-2024 2160.9093 2343.2433
28-11-2024 2160.3142 2342.5588
27-11-2024 2160.2325 2342.431
26-11-2024 2159.8948 2342.0255
25-11-2024 2159.7725 2341.8538
22-11-2024 2158.6883 2340.5607
21-11-2024 2158.4575 2340.2712

Fund Launch Date: 29/Feb/2008
Fund Category: Low Duration Fund
Investment Objective: The investment objective of thescheme is to seek to generate returnswith a portfolio comprising of debt andmoney market instruments, such thatMacaulay duration of the portfolio isbetween 6 months - 12 months. TheScheme does not guarantee anyreturns
Fund Description: Low Duration Fund - An Open endedlow duration Debt Scheme investingin instruments with Macaulayduration of the portfolio between 6months and 12 months
Fund Benchmark: CRISILLow Duration Debt Index
Source: Fund FactSheet

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