Mirae Asset Short Term Direct Growth
Min amount: ₹1,000
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Low to Moderate Risk|
|Fund Type||Short Duration|
|Exit Load||0.25% for 30 Days|
More about this fund
|Housing Development Finance Corporation Limited||5.07%|
|6.18% Govt Stock 2024||3.93%|
|08.38 KA SDL 2022||3.36%|
|7.37% Govt Stock 2023||3.36%|
|6.84% Govt Stock 2022||3.32%|
|Small Industries Development Bank Of India||3.16%|
|Hindustan Petroleum Corporation Limited||2.63%|
|4.48% Govt Stock 2023||2.53%|
|Housing And Urban Development Corporation Ltd.||2.5%|
|Larsen and Toubro Limited||2.03%|
About Mirae Asset Short Term Fund - Direct Plan - Growth
Mirae Asset Short Term Fund is an open-ended debt mutual fund which invests predominantly in debt and money market securities that mature between one to three years. This fund is best suited to individuals with an investment horizon of less than three years.
Pros and Cons of Mirae Asset Short Term Fund - Direct Plan - Growth
Mirae Asset Short Term Fund is a well-diversified debt mutual fund which seeks to actively manage the portfolio which consists of debt and money market instruments, InvITs and REITs. On the flip side, the returns offered by the fund is not comparable to that of equity funds as the equity exposure is nil to minimal.
Fund Information and Statistics
i) Inception/Launch Date Mirae Asset Short Term Fund was launched on 16 March 2018.
ii) Risk Level Mirae Asset Short Term Fund falls under the 'moderately low risk' category of mutual funds.
iii) Redemption As this fund is an open-ended scheme, you can place redemption requests any time. However, you have to be aware of the tax implications and exit load.
iv) Fund Manager Mr Mahendra Jajoo is the current fund manager of the Mirae Asset Short Term Fund.
v) Entry/Exit Load There is no entry load as per the norms of the Securities and Exchange Board of India (SEBI). Redemption requests placed within the first thirty days of investment are processed at an exit load of 0.25%. After thirty days, no exit load applies.
About Mirae Asset Mutual Fund
The Mirae Asset Mutual Fund registered with the SEBI in November 2007. Mirae Asset Trustee Company Private Limited and Mirae Asset Global Investments Company Limited-Seoul, Korea, are the sponsor and trustee respectively of the Mirea fund house. As of 31 May 2020, the assets under management of the Mirae Asset Mutual Fund was Rs 41,252 crore.
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Min amount: ₹1,000
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns