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mutual funds
mirae asset short term direct growth
Mirae Asset Short Term Direct Growth

Mirae Asset Short Term Direct Growth

  • Moderate Risk
  • Fixed Income
  • Short Duration
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NAV as on Jun 12, 2025
i
Price per unit of the scheme.
₹ 16.7162-0.08%1 Day Change
1.06%
Minimum Investment₹5000
Expense Ratio0.32%

FUND RATING

A holistic measure of the rank of a fund relative to its peers. Top funds receive a score of 5.
4
Scheme Rating
*Morningstar Rating Methodologyi
i

RISK-O-METER

Level of risk associated with a mutual fund to help investors make informed investment decisions
 

bt_logoFUND PERFORMANCE

As On Jan 01, 2023
Compare fund’s performance against category average across different time periods


No Data Found.
Returns <= 1 year are absolute and > 1 year are annualised (CAGR)
For calculating Category Return & Scheme Ranking, only Growth & Direct schemes are considered.

bt_logoFUND COMPARISON

1M3M6M1Y3Y5Y
This Fund
Mirae Asset Short Term Direct Growth
VS
Fixed Income: Short Duration Average NAV
    Topper in Fixed Income: Short Duration
    All Fund


    No Data Found.
    *For the other fund, rescaled NAVs are used
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    bt_logoRETURN CALCULATOR

    Check the return on your investment in the fund
    Mirae Asset Short Term Direct Growth
    Investment Type
    Monthly Investment
    Time Period (yrs)
    Annual Return in %
    • Invested Amount
      ₹0
    • Return
      ₹0
    • Current Value
      ₹0

    bt_logoFUND SUMMARY

    Benchmark
    CRISIL Short Duration Debt B-II TR INR
    Expense Ratio
    0.32%
    Category Avg Expense Ratio
    0.35%
    Minimum Investment (Lumpsum/SIP)
    ₹ 5000 /₹ 1000
    Lock In (Years)
    No Lock-in
    Fund Size
    ₹ 401.28 Cr(As on Apr, 2025)
    Inception Date
    Mar 16, 2018
    Turnover
    - %
    Exit Load
    Nil

    bt_logoABOUT THE FUND

    Objective: The investment objective of the scheme is to seek to generate returns through an actively managed diversified portfolio of debt and money market instruments with Macaulay duration of the portfolio is between 1 year to 3 years.However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.

    Mirae Asset Short Term Direct Growth is an Fixed Income - Short Duration fund. The fund was launched inMar 16, 2018. Its risk level is . The NAV of the fund as onJun 12, 2025 is ₹16.72. Its expense ratio is 0.32 %. The fund has an AUM of ₹401.28 Cr.The fund is managed byAmit Modani,Basant Bafna.
    The minimum initial investment is  ₹5000 in Lumpsum mode.

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    bt_logoFUND MANAGER

    Amit Modani
    Amit Modani
    i
    Lead Fund Manager.
    Jul 6, 2021 - Present
    • Fund Manager Rank9Out of 23
      i
      Rank measured on the basis of consistent alpha the fund manager delivered in the same category over a period of three years (factors only Direct plan, Growth option)
    • Schemes managed10
    • Total AUM₹ 20,757.75 Cr
    • Highest Return In 1 Yr11.42 %
    Other Funds
    • table
    • card
    1M
    3M
    6M
    1Y
    3Y
    5Y
    Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size
    Mirae Asset Dynamic Bond Fund Direct Growth
    ₹ 17.68
    1.22%
    0.12%
    Moderate Risk
    ₹119.27Cr
    Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth
    --
    ₹ 12.38
    1.19%
    -%
    Moderate Risk
    ₹755.26Cr
    Mirae Asset Nifty AAA PSU Bond Plus SDL Apr2026 50:50 Idx Direct Growth
    --
    ₹ 12.17
    0.93%
    -%
    Low to Moderate Risk
    ₹87.36Cr
    Mirae Asset Dynamic Bond Fund Direct Growth
    Moderate Risk
    • NAV₹ 17.68
    • Fund Size₹119.27Cr
    Fund Return1.22%
    Category Return0.12%
    Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth
    Moderate Risk--
    • NAV₹ 12.38
    • Fund Size₹755.26Cr
    Fund Return1.19%
    Category Return--
    Mirae Asset Nifty AAA PSU Bond Plus SDL Apr2026 50:50 Idx Direct Growth
    Low to Moderate Risk--
    • NAV₹ 12.17
    • Fund Size₹87.36Cr
    Fund Return0.93%
    Category Return--
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)
    Basant Bafna
    Basant Bafna
    i
    Lead Fund Manager.
    Jan 16, 2023 - Present
    • Schemes managed6
    • Total AUM₹ 6,663.86 Cr
    • Highest Return In 1 Yr10.02 %
    Other Funds
    • table
    • card
    1M
    3M
    6M
    1Y
    3Y
    5Y
    Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size
    Mirae Asset Corporate Bond Fund Direct Growth
    --
    ₹ 13.03
    0.96%
    1.03%
    Moderate Risk
    ₹42.57Cr
    Mirae Asset Ultra Short Duration Fund Direct Growth
    --
    ₹ 1,319.19
    0.84%
    0.74%
    Moderate Risk
    ₹1,681.12Cr
    Mirae Asset Money Market Fund Direct Growth
    --
    ₹ 1,276.93
    0.93%
    0.80%
    Low to Moderate Risk
    ₹2,708.01Cr
    Mirae Asset Corporate Bond Fund Direct Growth
    Moderate Risk--
    • NAV₹ 13.03
    • Fund Size₹42.57Cr
    Fund Return0.96%
    Category Return1.03%
    Mirae Asset Ultra Short Duration Fund Direct Growth
    Moderate Risk--
    • NAV₹ 1,319.19
    • Fund Size₹1,681.12Cr
    Fund Return0.84%
    Category Return0.74%
    Mirae Asset Money Market Fund Direct Growth
    Low to Moderate Risk--
    • NAV₹ 1,276.93
    • Fund Size₹2,708.01Cr
    Fund Return0.93%
    Category Return0.80%
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

    bt_logoDETAILED PORTFOLIO

    As on May, 2025
    EQUITY (-%)
    DEBT (94.54%)
    CASH (5.18%)
    Allocation by Market Cap
    Other Cap(0.28%)
    Industry Holdings
    No Data For Allocation
    Stock Holdings
    No Data For Allocation

    bt_logoPERFORMANCE MEASURES

    Fund evaluation across critical parameters for better decision making. Study period is 3 years.
    • Consistency
      i
      It represents the consistency of a fund in beating its benchmark.
    • Downside Risk
      i
      Measured by Maximum Drawdown which shows the maximum loss from a peak to a nadir over a specified time period
      ----
    • Risk Adjusted Return
      i
      Risk adjusted return represents the return generated after factoring the risk taken to achieve it.
    • Volatility
      i
      Volatility represents the standard deviation of fund returns that is, how much the fund returns have deviated from the average.
    • Upside Capture Ratio
      i
      Fund performance relative to the index when the market is up. An upside capture ratio of >100 indicates better fund performance.
    • Downside Capture Ratio
      i
      Fund performance relative to the index when the market is down. A downside capture ratio of <100 indicates better fund performance.

    bt_logoHISTORICAL RISK MEASURES

    Statistical measures to evaluate mutual fund risk. All ratios are calculated for a three-year time duration.
    • Alpha: Excess return of the fund over benchmark
      i
      Any Alpha above zero is considered good. However, for comparison, a fund with a higher Alpha is considered better. Alpha is normally used in conjunction with Beta. If the Beta is high, it implies that the fund manager took a high risk to generate Alpha.
      0.25
      This Fund
      VS
      -0.14
      Category Avg
    • R-Squared: How well the fund tracks benchmark
      i
      R-Squared measures the correlation of fund returns and its benchmark returns. It varies between 0 and 1. The metric, Beta makes no sense if R-Squared is equal to zero. Thus, both Beta and R-Squared should be used in conjunction. A fund with a high R-Squared and low Beta is considered a less risky fund.
      84.65
      This Fund
      VS
      69.65
      Category Avg
    • Beta: Risk of the fund in relation to benchmark
      i
      Beta >1 indicates that the fund is more volatile than its benchmark while Beta < 1 indicates that the fund is less volatile than its benchmark. The Beta of the benchmark is equal to 1.
      1.09
      This Fund
      VS
      1.17
      Category Avg
    • Sharpe Ratio: Risk adjusted return of the fund
      i
      Sharpe Ratio is a measure of return per unit of risk. A higher Sharpe ratio indicates better risk adjusted return given by the fund.
      1.41
      This Fund
      VS
      0.82
      Category Avg
    • Sortino Ratio: Return per unit of bad risk
      i
      A variation of Sharpe ratio, Sortino considers only the downside risk. Unlike Sharpe ratio which considers both good risk and bad risk, Sortino factors only the bad risk. A high Sortino ratio indicates better return for each unit of downside risk.
      3.46
      This Fund
      VS
      2.29
      Category Avg
    • Standard Devation: Volatility of the fund
      i
      Standard deviation is a measure of dispersion of fund returns from its average return. A fund with a higher Standard deviation is more volatile than a fund with a low standard deviation.
      0.95
      This Fund
      VS
      1.43
      Category Avg
    Benchmark used in calculation : S&P BSE 500 India TR INR

    bt_logoPEER ANALYSIS

    1M
    3M
    6M
    1Y
    3Y
    5Y
    • card
    • table
    Fund NameMorningstar RatingNAV Fund Return Category ReturnRisk Fund Size
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

    bt_logoTOP FUNDS FROM THIS AMC

    1M
    3M
    6M
    1Y
    3Y
    5Y
    • card
    • table
    Fund NameMorningstar RatingNAV Fund Return Category Return Risk Fund Size (Cr)
    Mirae Asset Midcap Fund Direct GrowthMirae Asset Midcap Fund Direct Growth
    ₹ 38.25
    7.24%
    5.50%
    Very High Risk
    ₹ 15,414.99 Cr
    Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir GrowthMirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir Growth
    --
    ₹ 10.16
    6.15%
    --
    Very High Risk
    ₹ 215.95 Cr
    Mirae Asset NYSE FANG+ ETF Fund of Fund Direct GrowthMirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth
    --
    ₹ 28.78
    5.94%
    --
    Very High Risk
    ₹ 1,732.59 Cr
    Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct GrowthMirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth
    --
    ₹ 21.23
    5.53%
    --
    Very High Risk
    ₹ 288.44 Cr
    Mirae Asset Healthcare Fund Direct GrowthMirae Asset Healthcare Fund Direct Growth
    --
    ₹ 42.15
    5.38%
    4.89%
    Very High Risk
    ₹ 2,682.70 Cr
    Mirae Asset Flexi Cap Fund Direct GrowthMirae Asset Flexi Cap Fund Direct Growth
    --
    ₹ 16.10
    4.28%
    2.94%
    Very High Risk
    ₹ 2,658.30 Cr
    Mirae Asset Midcap Fund Direct Growth
    Very High Risk
    • NAV₹ 38.25
    • Fund Size₹ 15,414.99 Cr
    1 Month Return7.24%
    Category Return5.50%
    Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir Growth
    Very High Risk--
    • NAV₹ 10.16
    • Fund Size₹ 215.95 Cr
    1 Month Return6.15%
    Category Return--
    Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth
    Very High Risk--
    • NAV₹ 28.78
    • Fund Size₹ 1,732.59 Cr
    1 Month Return5.94%
    Category Return--
    Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth
    Very High Risk--
    • NAV₹ 21.23
    • Fund Size₹ 288.44 Cr
    1 Month Return5.53%
    Category Return--
    Mirae Asset Healthcare Fund Direct Growth
    Very High Risk--
    • NAV₹ 42.15
    • Fund Size₹ 2,682.70 Cr
    1 Month Return5.38%
    Category Return4.89%
    Mirae Asset Flexi Cap Fund Direct Growth
    Very High Risk--
    • NAV₹ 16.10
    • Fund Size₹ 2,658.30 Cr
    1 Month Return4.28%
    Category Return2.94%
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

    bt_logoABOUT THE AMC

    company icon
    Mirae Asset Investment Managers (India) Private Limited
    Mirae Asset Investment Managers (India) Private Limited manages assets worth ₹ 1,98,433.18 crores. It’s current offering of mutual fund schemes includes 21 equity, 13 debt and 11 hybrid schemes.
    phone icon
    Phone
    022-6780 0300
    mail icon
    Email
    customercare@miraeasset.com
    aum
    AUM
    ₹ 1,98,433.18 Cr (
    As on Apr 30, 2025
    )
    location
    Address
    Unit No. 606, 6th Floor, Mumbai,400 098

    bt_logoFAQ's

    What is the category of Mirae Asset Short Term Direct Growth ?
    The category of Mirae Asset Short Term Direct Growth is Fixed Income - Short Duration
    What is the current NAV of Mirae Asset Short Term Direct Growth ?
    The current NAV of Mirae Asset Short Term Direct Growth as on Jun 12, 2025 is ₹16.72
    How safe is Mirae Asset Short Term Direct Growth ?
    The risk level of Mirae Asset Short Term Direct Growth is Moderate.
    What are short term returns given by Mirae Asset Short Term Direct Growth ?
    The return given by Mirae Asset Short Term Direct Growth in 1 month is 1.06%, 3 months is 3.49%, 6 months is 5.38%, and 1 year is 10.02%
    What are the long term returns given by Mirae Asset Short Term Direct Growth ?
    The return given by Mirae Asset Short Term Direct Growth in 3 years is 8.11% and 5 years is 6.64%.
    What is the expense ratio of Mirae Asset Short Term Direct Growth ?
    The expense ratio of Mirae Asset Short Term Direct Growth is 0.32%
    What is the AUM of Mirae Asset Short Term Direct Growth ?
    The assets under Management (AUM) of Mirae Asset Short Term Direct Growth is Rs 401.28 crores.
    What is the minimum investment in Mirae Asset Short Term Direct Growth ?
    The minimum Lumpsum investment in Mirae Asset Short Term Direct Growth is ₹5,000.00 and the minimum SIP investment in Mirae Asset Short Term Direct Growth is ₹1,000.00
    What is the asset allocation of Mirae Asset Short Term Direct Growth?
    Mirae Asset Short Term Direct Growth has an exposure of 94.54% in Debt and 5.18% in Cash & Money Market Securities

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