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Mirae Asset Low Duration Fund - Direct Plan - Quarterly IDCW
★★★★★ TopFund est.
TopFund Score (fallback rating)
- Calculated by: TopFund — used only when no third-party rating exists for this fund
- Formula: 3-year trailing return percentile within category, adjusted ±1 star for expense ratio
- Refresh frequency: Whenever TopFund re-syncs this fund's data
- Limitations: A simplified 2-factor estimate, not equivalent to a rating agency's full analysis
TopFund Score: 42/100 · Weak
How this score is calculated
- Star rating (35%)2/5
- 3Y CAGR (30%)-0.52%
- Expense ratio (20%)0.06%
- AUM (15%)₹257 Cr
Not investment advice — an analytical read of public fund data. Methodology →
Mirae Asset Mutual Fund · Equity · Small Cap
₹10.6
AUM: ₹256 Cr
NAV updated 13 days ago
Plan
Direct
Option
Idcw
Risk
Very High
Expense Ratio
0.06%
Exit Load
Exit load of 0.05%, if redeemed within 15 Days.
Fund Manager
Ekta Gala
Inception
Mar 2024
Benchmark
Nifty Smallcap 250 Momentum Quality 100 Total Return Index
Sharpe Ratio
-1.71
Std Dev (1Y)
4.28%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
-1.41%
3m
+4.89%
6m
+21.65%
1y
+3.46%
3y
-0.52%
5y
-0.21%
10y
-0.42%
since inception
-0.05%
TopFund's Take on Mirae Asset Low Duration Fund - Direct Plan - Quarterly IDCW
Mirae Asset Low Duration Fund - Direct Plan - Quarterly IDCW lags behind most of its peers in the Small Cap category, currently carrying a 2-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 42/100.
Cost: At 0.06%, the expense ratio is meaningfully cheaper — about 92% below the Small Cap category average of 0.77% (based on 255 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 -1.71 — 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 4.28% is on the lower side for a Small Cap fund, suggesting a comparatively smoother ride.
Who should invest: This fund is best suited to investors with a 7-10 year horizon who can stomach 30-40% drawdowns in a bad year in exchange for higher long-term growth potential. Given the Very High risk rating, this fund is not suited to short-term goals or investors who may need to exit within 2-3 years.
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.
Sector Allocation
Asset Allocation
Fund Snapshot
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Tools & Guides for This Fund
Frequently Asked Questions about Mirae Asset Low Duration Fund - Direct Plan - Quarterly IDCW
The current NAV (Net Asset Value) of Mirae Asset Low Duration Fund - Direct Plan - Quarterly IDCW is ₹10.6. NAV is updated every business day after market close by AMFI.
1Y: 3.46% · 3Y CAGR: -0.52% · 5Y CAGR: -0.21%
The expense ratio of Mirae Asset Low Duration Fund - Direct Plan - Quarterly IDCW is 0.06% per annum. This is the annual fee charged by the fund to manage your investment.
Mirae Asset Low Duration Fund - Direct Plan - Quarterly IDCW is managed by Ekta Gala at Mirae Asset Mutual Fund.
Mirae Asset Low Duration Fund - Direct Plan - Quarterly IDCW is classified as a Very High risk fund. It is suitable for aggressive investors with a long-term horizon of 5+ years.
Yes, Mirae Asset Low Duration Fund - Direct Plan - Quarterly IDCW is an equity fund, making it suitable for SIP investments. Regular monthly SIPs help average out market volatility through rupee-cost averaging.
You can start a SIP in Mirae Asset Low Duration Fund - Direct Plan - Quarterly IDCW with as little as ₹500 per month through most mutual fund platforms. The minimum lump sum investment is typically ₹1,000.
The Assets Under Management (AUM) of Mirae Asset Low Duration Fund - Direct Plan - Quarterly IDCW is ₹257 crore. AUM indicates the total market value of assets managed by the fund.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.
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