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: 17-01-2025
NAV ₹2179.77(R) +0.03% ₹2365.66(D) +0.03%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 7.32% 6.02% 5.52% 5.72% 5.95%
LumpSum (D) 7.98% 6.66% 6.16% 6.39% 6.67%
SIP (R) -9.17% 4.95% 5.28% 4.63% 4.91%
SIP (D) -8.63% 5.6% 5.93% 5.27% 5.58%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
-1.52 -0.42 0.59 -% -
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
0.58% 0.0% -0.11% - 0.48%
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: 17-01-2025

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Low Duration Fund - Regular Plan - Quarterly IDCW 1003.0
0.3100
0.0300%
Mirae Asset Low Duration Fund - Direct Plan - Quarterly IDCW 1003.33
0.3200
0.0300%
Mirae Asset Low Duration Fund - Regular Plan - Daily IDCW 1005.16
0.0000
0.0000%
Mirae Asset Low Duration Fund - Regular Plan - Monthly IDCW 1092.35
0.3300
0.0300%
Mirae Asset Low Duration Fund - Regular Plan - Weekly IDCW 1107.42
0.3400
0.0300%
Mirae Asset Low Duration Fund - Direct Plan - Monthly IDCW 1165.61
0.3700
0.0300%
Mirae Asset Low Duration Fund - Direct Plan - Daily IDCW 1208.93
0.0000
0.0000%
Mirae Asset Low Duration Fund - Direct Plan - Weekly IDCW 1455.46
0.4700
0.0300%
Mirae Asset Low Duration Fund - Regular Plan - Growth 2179.77
0.6600
0.0300%
Mirae Asset Low Duration Fund - Direct Plan - Growth 2365.66
0.7600
0.0300%

Review Date: 17-01-2025

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 7.32% in 1 year, 6.02% in 3 years, 5.52% in 5 years and 5.95% in 10 years. The category average for the same periods is 7.27%, 6.11%, 6.03% and 6.56% respectively, which shows average return performance of fund in the category. The fund has exhibited standard deviation of 0.58, VaR of 0.0, Average Drawdown of -0.11, Semi Deviation of 0.48 and Max Drawdown of -0.11. The category average for the same parameters is 0.61, -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 ₹10798.0 in 1 year, ₹12134.0 in 3 years and ₹13487.0 in 5 years as of today (17-01-2025).
  2. An SIP of ₹1,000 per month in Mirae Asset Low Duration Fund direct growth option would have grown to ₹11431.0 in 1 year, ₹39202.0 in 3 years and ₹69707.0 in 5 years as of today (17-01-2025).
  3. standard deviation of 0.58 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 -1.52 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 % 0.55
0.52
0.47 | 0.55 2 | 19 Very Good
3M Return % 1.60
1.59
1.48 | 1.71 7 | 19 Good
6M Return % 3.47
3.48
3.21 | 3.73 10 | 19 Good
1Y Return % 7.32
7.27
6.81 | 7.91 8 | 19 Good
3Y Return % 6.02
6.11
5.51 | 6.75 12 | 18 Average
5Y Return % 5.52
6.03
5.13 | 9.26 15 | 17 Average
7Y Return % 5.72
6.12
5.43 | 6.92 13 | 16 Poor
10Y Return % 5.95
6.56
5.95 | 7.31 13 | 13 Poor
1Y SIP Return % -9.17
-9.21
-9.65 | -8.78 7 | 19 Good
3Y SIP Return % 4.95
5.01
4.45 | 5.71 10 | 18 Good
5Y SIP Return % 5.28
5.51
4.81 | 6.48 14 | 17 Average
7Y SIP Return % 4.63
4.93
4.40 | 5.62 14 | 16 Poor
10Y SIP Return % 4.91
5.33
4.88 | 6.07 11 | 13 Average
15Y SIP Return % 2.11
14.79
2.11 | 43.62 13 | 13 Poor
Standard Deviation 0.58
0.61
0.52 | 0.87 6 | 17 Good
Semi Deviation 0.48
0.50
0.42 | 0.73 7 | 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 -1.52
-1.32
-2.21 | -0.23 13 | 17 Average
Sterling Ratio 0.59
0.60
0.54 | 0.65 13 | 17 Average
Sortino Ratio -0.42
-0.37
-0.55 | -0.07 12 | 17 Average
Return data last Updated On : Jan. 17, 2025.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Dec. 31, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % 0.60 0.56 0.53 | 0.60 1 | 19
3M Return % 1.76 1.73 1.65 | 1.80 5 | 19
6M Return % 3.79 3.75 3.59 | 3.95 6 | 19
1Y Return % 7.98 7.83 7.53 | 8.12 4 | 19
3Y Return % 6.66 6.65 6.41 | 6.91 9 | 18
5Y Return % 6.16 6.55 5.85 | 9.65 12 | 17
7Y Return % 6.39 6.64 5.55 | 7.25 13 | 16
10Y Return % 6.67 7.04 6.38 | 7.61 11 | 13
1Y SIP Return % -8.63 -8.75 -9.00 | -8.52 5 | 19
3Y SIP Return % 5.60 5.56 5.31 | 5.83 9 | 18
5Y SIP Return % 5.93 6.04 5.67 | 6.59 10 | 17
7Y SIP Return % 5.27 5.45 5.02 | 5.83 12 | 16
10Y SIP Return % 5.58 5.81 5.30 | 6.34 10 | 13
Standard Deviation 0.58 0.61 0.52 | 0.87 6 | 17
Semi Deviation 0.48 0.50 0.42 | 0.73 7 | 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 -1.52 -1.32 -2.21 | -0.23 13 | 17
Sterling Ratio 0.59 0.60 0.54 | 0.65 13 | 17
Sortino Ratio -0.42 -0.37 -0.55 | -0.07 12 | 17
Return data last Updated On : Jan. 17, 2025.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Dec. 31, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D 0.03 ₹ 10,003.00 0.03 ₹ 10,003.00
1W 0.14 ₹ 10,014.00 0.15 ₹ 10,015.00
1M 0.55 ₹ 10,055.00 0.60 ₹ 10,060.00
3M 1.60 ₹ 10,160.00 1.76 ₹ 10,176.00
6M 3.47 ₹ 10,347.00 3.79 ₹ 10,379.00
1Y 7.32 ₹ 10,732.00 7.98 ₹ 10,798.00
3Y 6.02 ₹ 11,917.00 6.66 ₹ 12,134.00
5Y 5.52 ₹ 13,082.00 6.16 ₹ 13,487.00
7Y 5.72 ₹ 14,762.00 6.39 ₹ 15,424.00
10Y 5.95 ₹ 17,824.00 6.67 ₹ 19,082.00
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 -9.17 ₹ 11,394.76 -8.63 ₹ 11,430.88
3Y ₹ 36000 4.95 ₹ 38,825.03 5.60 ₹ 39,202.09
5Y ₹ 60000 5.28 ₹ 68,583.24 5.93 ₹ 69,706.86
7Y ₹ 84000 4.63 ₹ 99,053.22 5.27 ₹ 101,330.80
10Y ₹ 120000 4.91 ₹ 154,307.88 5.58 ₹ 159,796.68
15Y ₹ 180000 2.11 ₹ 211,644.36 ₹


Date Mirae Asset Low Duration Fund NAV Regular Growth Mirae Asset Low Duration Fund NAV Direct Growth
17-01-2025 2179.7724 2365.6622
16-01-2025 2179.1096 2364.9014
15-01-2025 2178.2335 2363.9103
14-01-2025 2177.5653 2363.1448
13-01-2025 2177.3354 2362.855
10-01-2025 2176.6751 2362.018
09-01-2025 2176.2303 2361.4949
08-01-2025 2176.1546 2361.3726
07-01-2025 2176.2107 2361.3931
06-01-2025 2175.9426 2361.0619
03-01-2025 2174.8468 2359.7518
02-01-2025 2174.419 2359.2448
01-01-2025 2174.0788 2358.8353
31-12-2024 2173.3481 2358.0023
30-12-2024 2172.3176 2356.844
27-12-2024 2171.1661 2355.474
26-12-2024 2170.2786 2354.4709
24-12-2024 2169.3719 2353.4069
23-12-2024 2169.2987 2353.2873
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

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.