Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Mirae Asset Low Duration Fund - Direct Plan - Monthly IDCW
★★★★★ monitor_heart Health Score: 74/100 · GoodMirae Asset Mutual Fund · Debt · Low Duration
₹1,159.58
AUM: ₹2,085 Cr
NAV updated 8 days ago
Plan
Direct
Option
Idcw
Risk
Low to Moderate
Expense Ratio
0.21%
Exit Load
Nil
Fund Manager
Mahendra Jajoo
Inception
Jan 2013
Benchmark
NIFTY Low Duration Debt Index A-I
Sharpe Ratio
-3.32
Std Dev (1Y)
1.75%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
+0.67%
3m
+1.68%
6m
+3.4%
1y
+6.34%
3y
+7.48%
5y
+6.54%
10y
+6.58%
since inception
+1.04%
rate_review TopFund's Take on Mirae Asset Low Duration Fund - Direct Plan - Monthly IDCW
Mirae Asset Low Duration Fund - Direct Plan - Monthly IDCW holds up reasonably well within the Low Duration category, backed by a 4-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 74/100.
Cost: At 0.21%, the expense ratio is meaningfully cheaper — about 32% below the Low Duration category average of 0.31% (based on 177 comparable funds). Lower costs compound in your favour over long holding periods.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -3.32 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 1.75% is on the lower side, suggesting a comparatively smoother ride.
Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Debt fund.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
donut_small Sector Allocation
pie_chart Asset Allocation
info Fund Snapshot
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tips_and_updates Tools & Guides for This Fund
Frequently Asked Questions about Mirae Asset Low Duration Fund - Direct Plan - Monthly IDCW
The current NAV (Net Asset Value) of Mirae Asset Low Duration Fund - Direct Plan - Monthly IDCW is ₹1159.58. NAV is updated every business day after market close by AMFI.
1Y: 6.34% · 3Y CAGR: 7.48% · 5Y CAGR: 6.54%
The expense ratio is 0.21% per annum — the annual fee deducted from your investment to cover fund management costs.
Mirae Asset Low Duration Fund - Direct Plan - Monthly IDCW is managed by Mahendra Jajoo at Mirae Asset Mutual Fund.
Mirae Asset Low Duration Fund - Direct Plan - Monthly IDCW is a Low to Moderate risk fund. Suitable for investors with a moderate risk appetite.
Mirae Asset Low Duration Fund - Direct Plan - Monthly IDCW is a Low Duration fund. SIP suitability depends on your investment goal and risk profile.
The Assets Under Management (AUM) of Mirae Asset Low Duration Fund - Direct Plan - Monthly IDCW is ₹2,085 crore as of the latest data.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.