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Mirae Asset Short Duration Fund - Direct Plan - Growth
★★★★★ monitor_heart Health Score: 65/100 · GoodMirae Asset Mutual Fund · Debt · Short Duration
₹17.73
AUM: ₹543 Cr
NAV updated 9 days ago
Plan
Direct
Option
Growth
Risk
Moderate
Expense Ratio
0.26%
Exit Load
Nil
Fund Manager
Mahendra Jajoo
Inception
Mar 2018
Benchmark
CRISIL Short Duration Debt A-II Index
Sharpe Ratio
-0.81
Std Dev (1Y)
1.2%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
+0.75%
3m
+1.94%
6m
+3.0%
1y
+5.38%
3y
+7.52%
5y
+6.5%
10y
—
since inception
+7.07%
rate_review TopFund's Take on Mirae Asset Short Duration Fund - Direct Plan - Growth
Mirae Asset Short Duration Fund - Direct Plan - Growth holds up reasonably well within the Short Duration category, currently carrying a 3-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 65/100.
Cost: At 0.26%, the expense ratio is meaningfully cheaper — about 30% below the Short Duration category average of 0.37% (based on 114 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 -0.81 — 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 1.2% 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.
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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 Short Duration Fund - Direct Plan - Growth
The current NAV (Net Asset Value) of Mirae Asset Short Duration Fund - Direct Plan - Growth is ₹17.73. NAV is updated every business day after market close by AMFI.
1Y: 5.38% · 3Y CAGR: 7.52% · 5Y CAGR: 6.5%
The expense ratio is 0.26% per annum — the annual fee deducted from your investment to cover fund management costs.
Mirae Asset Short Duration Fund - Direct Plan - Growth is managed by Mahendra Jajoo at Mirae Asset Mutual Fund.
Mirae Asset Short Duration Fund - Direct Plan - Growth is a Moderate risk fund. Suitable for investors with a moderate risk appetite.
Mirae Asset Short Duration Fund - Direct Plan - Growth is a Short Duration fund. SIP suitability depends on your investment goal and risk profile.
The Assets Under Management (AUM) of Mirae Asset Short Duration Fund - Direct Plan - Growth is ₹543 crore as of the latest data.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.