Mirae Asset Short Term Regular Growth - Latest NAV, Returns, Performance & Portfolio

Mirae Asset Short Term Regular Growth

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    8.73%
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    (+0.03)11.6698

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Min amount: ₹1,000

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years--
3 Years--
1 Year8.73%
6 Months3.83%
Fund Details
ISININF769K01DU2
RiskModerately Low risk
Fund TypeShort Duration
NAV11.6698
Exit Load0.25% for 30 Days

More about this fundstar

Top HoldingsWeightage
GOVT STOCK10.96%
GOVT STOCK6.75%
Power Grid Corporation Of India Limited3.18%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT3.14%
Reliance Industries Limited3.08%
Larsen And Toubro Limited3.08%
National Housing Bank3.05%
L&T Finance Limited3.03%
Small Industries Development Bank Of India3.02%
Hindustan Petroleum Corporation Limited3.02%

About Mirae Asset Short Term Fund

The Mirae Asset Short Term Fund is an open-ended, short-term debt scheme. It seeks to provide returns over the short-term by investing in instruments in such a manner that the Macaulay duration of the portfolio is between 1 and 3 years. Primarily, the scheme invests in actively managed diversified portfolio of debt and money market instruments which include Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs).

Pros & Cons of Mirae Asset Short Term Fund

  1. The scheme primarily invests in 1-3 year debt and money market instruments with an accrual-based strategy and aims to generate returns better than Bank FDs and G-Secs.
  2. As on September 30, 2018, the scheme is not ranked under CRISIL’s Short Duration Fund category.
  3. Further, it has generated returns of 3.63% per year over the last 6 months (as on December 31, 2018).

Fund Information and Statistics of Mirae Asset Short Term Fund

i) Inception / Launch Date

The NFO of the scheme was launched on 09 March 2018 by Mirae Asset Mutual Fund.

ii) Risk Level

The scheme is suitable for investors seeking optimal returns over a short-term investment horizon and primarily invests in an actively managed diversified portfolio of debt and money market instruments which include REITs and InvITs. It has a moderately-low risk level.

iii) Redemption

The investor can redeem any amount or any number of units. The Mutual Fund will dispatch the redemption proceeds within 10 business days of the receipt of a valid redemption request at the official points of acceptance.

iv) Fund Manager(s)

Mr. Mahendra Kumar Jajoo is the Fund Manager of the Mirae Asset Short Term Fund.

v) Entry / Exit Load

There is no entry load in this scheme.

The exit load structure is as follows:

  • There is no exit load for redemptions of units made after one month (30 days) from the date of allotment of the said units.
  • For the units redeemed within one month (30 days) from the date of allotment of the units, the exit load is 0.25% of the NAV.

Tax benefits of investing in Mirae Asset Short Term Fund

The following taxes are applicable to income arising from investing in this scheme: 1. STCG from the debt component is added to the investor’s income and taxed as per the income-tax slab. 2. LTCG component is taxed at 20% with indexation benefits.

About Mirae Asset Mutual Fund

While Mirae Asset is present in India as an FII since 2004, Mirae Asset Mutual Fund was launched in November 2007 under the sponsorship of Mirae Asset Global Investments Co. Ltd. As a global financial group, Mirae Assets pursue excellence in investment management to help investors achieve their investment objectives and offer a wide range of products including fixed income, equity, hybrid, thematic, and tax savings mutual fund schemes.

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Start your investment

Min amount: ₹1,000

Moderately Low risk

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