Previously Known As : Mirae Asset Short Term Fund
Mirae Asset Short Duration Fund Overview
Category Short Duration Fund
BMSMONEY Rank 15
BMSMONEY Rating
Gro. Opt. As On: 20-12-2024
NAV ₹15.03(R) -0.01% ₹15.87(D) -0.0%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 7.55% 5.58% 5.68% -% -%
LumpSum (D) 8.45% 6.45% 6.56% -% -%
SIP (R) -37.87% 1.23% 3.93% -% -%
SIP (D) -37.3% 2.14% 4.83% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
-1.22 -0.37 0.52 -% -
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
1.02% -0.14% -0.64% - 0.78%
Top Short Duration Fund
Fund Name Rank Rating
Bank of India Short Term Income Fund 1
Icici Prudential Short Term Fund 2
Hdfc Short Term Debt Fund 3
Aditya Birla Sun Life Short Term Fund 4
UTI Short Duration Fund 5

NAV Date: 20-12-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Short Duration Fund - Regular Plan - Growth 15.03
0.0000
-0.0100%
Mirae Asset Short Duration Fund - Regular Plan - IDCW 15.03
0.0000
-0.0100%
Mirae Asset Short Duration Fund - Direct Plan - IDCW 15.83
0.0000
0.0000%
Mirae Asset Short Duration Fund - Direct Plan - Growth 15.87
0.0000
0.0000%

Review Date: 20-12-2024

Mirae Asset Short Duration Fund has shown poor performance in the Short Duration Fund category. The fund has rank of 15 out of 21 funds in the category. The fund has delivered return of 7.55% in 1 year, 5.58% in 3 years and 5.68% in 5 years. The category average for the same periods is 7.35%, 6.07% and 6.11% respectively, which shows average return performance of fund in the category. The fund has exhibited standard deviation of 1.02, VaR of -0.14, Average Drawdown of -0.64, Semi Deviation of 0.78 and Max Drawdown of -0.64. The category average for the same parameters is 1.64, -0.35, -0.5, 0.95 and -0.71 respectively. The fund has low risk in the category.

Key Points:

  1. An investment of ₹10,000 in Mirae Asset Short Duration Fund direct growth option would have grown to ₹10845.0 in 1 year, ₹12063.0 in 3 years and ₹13742.0 in 5 years as of today (20-12-2024).
  2. An SIP of ₹1,000 per month in Mirae Asset Short Duration Fund direct growth option would have grown to ₹9405.0 in 1 year, ₹37202.0 in 3 years and ₹67808.0 in 5 years as of today (20-12-2024).
  3. standard deviation of 1.02 and based on VaR one can expect to lose more than -0.14% of current value of fund in one year.
  4. Sharpe ratio of the fund is -1.22 which shows average performance of fund in the short duration fund category.


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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % 0.54
0.50
0.00 | 0.62 7 | 22 Good
3M Return % 1.53
1.56
0.00 | 3.24 13 | 22 Average
6M Return % 3.77
3.74
0.00 | 5.43 15 | 22 Average
1Y Return % 7.55
7.35
0.00 | 9.04 15 | 22 Average
3Y Return % 5.58
6.07
4.67 | 13.57 13 | 21 Average
5Y Return % 5.68
6.11
4.62 | 8.38 15 | 19 Average
1Y SIP Return % -37.87
-37.71
-38.35 | -35.91 16 | 21 Average
3Y SIP Return % 1.23
1.59
0.46 | 4.96 15 | 20 Average
5Y SIP Return % 3.93
4.46
3.05 | 8.72 13 | 18 Average
Standard Deviation 1.02
1.64
0.91 | 9.61 6 | 21 Very Good
Semi Deviation 0.78
0.95
0.69 | 2.44 6 | 21 Very Good
Max Drawdown % -0.64
-0.71
-1.28 | -0.24 9 | 21 Good
VaR 1 Y % -0.14
-0.35
-1.20 | 0.00 8 | 21 Good
Average Drawdown % -0.64
-0.50
-1.19 | -0.24 18 | 21 Average
Sharpe Ratio -1.22
-0.88
-1.70 | 0.65 18 | 21 Average
Sterling Ratio 0.52
0.56
0.41 | 1.28 11 | 21 Good
Sortino Ratio -0.37
-0.20
-0.47 | 1.89 18 | 21 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 % 0.61 0.55 0.00 | 0.66 5 | 22
3M Return % 1.74 1.72 0.00 | 3.38 11 | 22
6M Return % 4.21 4.07 0.00 | 5.72 12 | 22
1Y Return % 8.45 8.01 0.00 | 9.64 10 | 22
3Y Return % 6.45 6.66 3.09 | 14.08 12 | 21
5Y Return % 6.56 6.76 3.82 | 8.89 12 | 19
1Y SIP Return % -37.30 -37.26 -37.74 | -35.53 11 | 21
3Y SIP Return % 2.14 2.33 1.61 | 5.53 11 | 20
5Y SIP Return % 4.83 5.20 4.33 | 9.25 11 | 18
Standard Deviation 1.02 1.64 0.91 | 9.61 6 | 21
Semi Deviation 0.78 0.95 0.69 | 2.44 6 | 21
Max Drawdown % -0.64 -0.71 -1.28 | -0.24 9 | 21
VaR 1 Y % -0.14 -0.35 -1.20 | 0.00 8 | 21
Average Drawdown % -0.64 -0.50 -1.19 | -0.24 18 | 21
Sharpe Ratio -1.22 -0.88 -1.70 | 0.65 18 | 21
Sterling Ratio 0.52 0.56 0.41 | 1.28 11 | 21
Sortino Ratio -0.37 -0.20 -0.47 | 1.89 18 | 21
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 -0.01 ₹ 9,999.00 0.00 ₹ 10,000.00
1W 0.00 ₹ 10,000.00 0.02 ₹ 10,002.00
1M 0.54 ₹ 10,054.00 0.61 ₹ 10,061.00
3M 1.53 ₹ 10,153.00 1.74 ₹ 10,174.00
6M 3.77 ₹ 10,377.00 4.21 ₹ 10,421.00
1Y 7.55 ₹ 10,755.00 8.45 ₹ 10,845.00
3Y 5.58 ₹ 11,768.00 6.45 ₹ 12,063.00
5Y 5.68 ₹ 13,185.00 6.56 ₹ 13,742.00
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 -37.87 ₹ 9,361.97 -37.30 ₹ 9,405.19
3Y ₹ 36000 1.23 ₹ 36,688.57 2.14 ₹ 37,201.97
5Y ₹ 60000 3.93 ₹ 66,282.24 4.83 ₹ 67,807.50
7Y ₹ 84000 ₹ ₹
10Y ₹ 120000 ₹ ₹
15Y ₹ 180000 ₹ ₹


Date Mirae Asset Short Duration Fund NAV Regular Growth Mirae Asset Short Duration Fund NAV Direct Growth
20-12-2024 15.0276 15.8682
19-12-2024 15.0284 15.8687
18-12-2024 15.0374 15.8778
17-12-2024 15.0324 15.8722
16-12-2024 15.032 15.8714
13-12-2024 15.0272 15.8652
12-12-2024 15.0254 15.863
11-12-2024 15.0286 15.8659
10-12-2024 15.0296 15.8666
09-12-2024 15.0231 15.8595
06-12-2024 15.0135 15.8483
05-12-2024 15.024 15.8589
04-12-2024 15.0186 15.8529
03-12-2024 15.0088 15.8422
02-12-2024 15.0044 15.8372
29-11-2024 14.9786 15.8088
28-11-2024 14.9617 15.7907
27-11-2024 14.96 15.7885
26-11-2024 14.9566 15.7846
25-11-2024 14.9566 15.7842
22-11-2024 14.9463 15.7722
21-11-2024 14.9471 15.7727

Fund Launch Date: 23/Feb/2018
Fund Category: Short Duration Fund
Investment Objective: The investment objective of the scheme is toseek to generate returns through an activelymanaged diversified portfolio of debt andmoney market instruments with Macaulayduration of the portfolio is between 1 year to 3years. However, there is no assurance thatthe investment objective of the Scheme willbe realized and the Scheme does not assureor guarantee any returns.
Fund Description: Short Duration Fund - An open ended shortterm debt scheme investing in instrumentssuch that the Macaulay duration of theportfolio 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.