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| NAV: 14 Nov 2024 | ₹2,337.34 |
| Min. SIP amount | ₹99 |
| Rating | 3 |
| Fund size | ₹1,150.94Cr |
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Returns and rankings
Category: Debt Low Duration
Annualised returns
Absolute returns
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund returns | 8.0% | 6.4% | 6.0% | 5.5% |
| Category average | 7.4% | 5.9% | 6.0% | NA |
| Rank with in category | 4 | 12 | 17 | NA |
Understand terms
Peer Comparison
| Debt, Low Duration funds | Rating | 1Y | 3Y | Fund Size(Cr) |
|---|---|---|---|---|
Sundaram Low Duration Fund Direct Growth | 5 | 7.9% | 6.6% | 381.67 |
Axis Treasury Advantage Direct Fund Growth | 4 | 8.0% | 6.5% | 6,048.87 |
SBI Magnum Low Duration Fund Direct Plan Growth | 4 | 7.9% | 6.5% | 11,996.71 |
UTI Low Duration Fund Direct Growth | 5 | 7.8% | 6.4% | 2,706.92 |
JM Low Duration Fund Direct Plan Growth | 4 | 7.7% | 6.3% | 240.27 |
Holdings (75)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
Axis Bank Ltd. | Financial | CD | 6.33% |
LIC Housing Finance Ltd. | Financial | Debenture | 5.59% |
Reserve Bank of India | Financial | T-Bills | 4.73% |
National Bank For Agriculture & Rural Development | Financial | NCD | 4.31% |
Canara Bank | Financial | CD | 4.21% |
Axis Bank Ltd. | Financial | CD | 4.05% |
Power Finance Corporation Ltd. | Financial | NCD | 3.87% |
Punjab National Bank | Financial | CD | 3.41% |
GOI | Sovereign | GOI FRB | 2.68% |
HDFC Bank Ltd. | Financial | NCD | 2.60% |
Reserve Bank of India | Financial | T-Bills | 2.58% |
HDB Financial Services Ltd. | Financial | NCD | 2.23% |
LIC Housing Finance Ltd. | Financial | Debenture | 2.18% |
Power Finance Corporation Ltd. | Financial | Debenture | 2.16% |
National Bank For Agriculture & Rural Development | Financial | Debenture | 2.15% |
Reserve Bank of India | Financial | T-Bills | 2.14% |
HDFC Bank Ltd. | Financial | CD | 2.14% |
Kotak Mahindra Bank Ltd. | Financial | CD | 2.08% |
Muthoot Finance Ltd. | Financial | CP | 2.06% |
Reserve Bank of India | Financial | T-Bills | 1.97% |
Mahindra & Mahindra Financial Services Ltd. | Financial | Bonds | 1.83% |
LIC Housing Finance Ltd. | Financial | Debenture | 1.74% |
Aditya Birla Renewables Ltd. | Energy | Bonds/NCD | 1.74% |
Embassy Office Parks REIT | Construction | Debenture | 1.74% |
Small Industries Devp. Bank of India Ltd. | Financial | NCD | 1.73% |
Motilal Oswal Financial Services Ltd. | Financial | CP | 1.72% |
REC Ltd. | Financial | Debenture | 1.70% |
Indian Railway Finance Corporation Ltd. | Financial | Debenture | 1.60% |
Mindspace Business Parks REIT | Construction | Debenture | 1.57% |
HDFC Bank Ltd. | Financial | Debenture | 1.56% |
Muthoot Finance Ltd. | Financial | NCD | 1.48% |
Power Finance Corporation Ltd. | Financial | NCD | 1.31% |
REC Ltd. | Financial | Debenture | 1.31% |
Small Industries Devp. Bank of India Ltd. | Financial | Debenture | 1.30% |
Indostar Capital Finance Ltd. | Financial | CP | 1.30% |
LIC Housing Finance Ltd. | Financial | Debenture | 1.28% |
Small Industries Devp. Bank of India Ltd. | Financial | NCD | 1.27% |
GOI | Sovereign | GOI Sec | 0.90% |
GOI | Sovereign | GOI Sec | 0.89% |
HDFC Bank Ltd. | Financial | Bonds | 0.88% |
Gujarat State | Construction | SDL | 0.88% |
Motilal Oswal Finevest Ltd. | Financial | NCD | 0.87% |
REC Ltd. | Financial | Debenture | 0.87% |
Indian Railway Finance Corporation Ltd. | Financial | Debenture | 0.87% |
ONGC Petro Additions Ltd. | Energy | NCD | 0.87% |
LIC Housing Finance Ltd. | Financial | Debenture | 0.87% |
HDFC Bank Ltd. | Financial | Debenture | 0.87% |
Kotak Mahindra Prime Ltd. | Financial | Debenture | 0.86% |
Small Industries Devp. Bank of India Ltd. | Financial | Debenture | 0.86% |
Reserve Bank of India | Financial | T-Bills | 0.86% |
Angel One Ltd. | Financial | CP | 0.85% |
HDFC Bank Ltd. | Financial | CD | 0.84% |
Shriram Finance Ltd | Financial | CP | 0.84% |
ICICI Securities Ltd. | Financial | CP | 0.84% |
ICICI Securities Ltd. | Financial | CP | 0.84% |
National Bank For Agriculture & Rural Development | Financial | CD | 0.82% |
National Bank For Agriculture & Rural Development | Financial | NCD | 0.82% |
Small Industries Devp. Bank of India Ltd. | Financial | Debenture | 0.69% |
Bharti Telecom Ltd. | Communication | Debenture | 0.61% |
Birla Group Holdings Pvt. Ltd. | Financial | CP | 0.51% |
LIC Housing Finance Ltd. | Financial | NCD | 0.43% |
National Bank For Agriculture & Rural Development | Financial | Debenture | 0.43% |
Power Finance Corporation Ltd. | Financial | Debenture | 0.43% |
Muthoot Finance Ltd. | Financial | Debenture | 0.43% |
HDFC Bank Ltd. | Financial | Debenture | 0.43% |
Small Industries Devp. Bank of India Ltd. | Financial | CP | 0.42% |
Motilal Oswal Financial Services Ltd. | Financial | CP | 0.42% |
Kotak Mahindra Bank Ltd. | Financial | CD | 0.42% |
Axis Bank Ltd. | Financial | CD | 0.41% |
Hero FinCorp Ltd. | Financial | Debenture | 0.35% |
Bajaj Finance Ltd. | Financial | Debenture | 0.26% |
Karnataka State | Others | SDL | 0.22% |
National Bank For Agriculture & Rural Development | Financial | Debenture | 0.17% |
GOI | Sovereign | GOI Sec | 0.09% |
HDFC Bank Ltd. | Financial | NCD | 0.09% |
See All
Pros and cons
Category: Debt Low Duration
Pros
Consistently higher annualised returns than category average for the past 1Y and 3Y
Higher alpha: 3.08
The fund has generated returns higher than benchmark - NIFTY Low Duration Debt Index A-I - in the last 3Y
Exit load is zero
Lower expense ratio: 0.25%
Average credit rating of the fund's holdings: AAA
This fund has holdings of the highest quality
1Y category rank: 4
Cons
5Y annualised returns lower than category average by 0.0%
Expense ratio, exit load and tax
Expense ratio: 0.25%
Inclusive of GST
Exit load
Nil
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed as per your Income Tax slab.
Understand terms
Check past data
Minimum investment amounts
| Min. for 1st investment | ₹5,000 |
| Min. for 2nd investment onwards | ₹1,000 |
| Min. for SIP | ₹99 |
Fund management
Kruti ChhetaAug 2022 - PresentView details
Kruti Chheta
Aug 2022 - Present
View details
Education
Ms. Chheta has done BAF (Finance and Accounts) and MBA (Finance).
Experience
Prior to joining Mirae Asset Mutual Fund, she has worked with A K Capital Services Ltd., Shriram Wealth Advisors Ltd. and Birla wealth management.
Also manages these schemes
Basant BafnaFeb 2024 - PresentView details
Basant Bafna
Feb 2024 - Present
View details
Education
Mr. Bafna has done B.Com, MBA, CS, CA, FRM and CFA
Experience
Prior to joining Mirae Asset Mutual Fund, he has worked with India Exim Bank and Union Bank of India
Also manages these schemes
Fund house & investment objective
Fund house contact details
Address
Unit No.606 - 6th Floor,Windsor Building - Off. CST Road,Kalina, Santacruz (East), Mumbai 400098
Phone
022-67800301 / 1800-2090-777
Launch Date
30 Nov 2007
E-mail
NAWebsite
www.miraeassetmf.co.in
Mirae Asset Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]Website
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