MIRAE ASSET
SHORT TERM FUND - (MASTF)
(Short Duration Fund - An open ended short term debt scheme investing in instruments such that the Macaulay duration* of the portfolio is between 1 year to 3 years (please refer to page no. 31 of SID)
A relatively high interest rate risk and relatively high credit risk
| Type of Scheme | Short Duration Fund - An open ended short term debt scheme investing in instruments such that the Macaulay duration* of the portfolio is between 1 year to 3 years (please refer to page no. 31 of SID) A relatively high interest rate risk and relatively high credit risk |
||||||||||||||||||||||||
| Investment 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. |
||||||||||||||||||||||||
Fund Manager** |
Mr. Mahendra Jajoo - (since March 16, 2018) Mr. Amit Modani - (since June 30, 2021) Allotment Date |
16th March, 2018 Benchmark Index |
CRISIL Short Term Bond Fund Index Minimum Investment |
Amount ₹ 5,000/- and in multiples of ₹ 1/-thereafter. Minimum Additional Application Amount: ₹1,000/- per application and in multiples of ₹ 1/- thereafter. Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019) Monthly and Quarterly: ₹ 1000/- (multiples of ₹ 1/- thereafter), minimum 5 in case of Monthly or 3 in case of Quarterly option. Load Structure |
Entry load: NA Exit load:If redeemed within 1 month (30 days) from the date of allotment - 0.25% ;If redeemed after 1 month (30 days) from the date of allotment - Nil Plans Available |
Regular Plan and Direct Plan Options Available |
Growth Option and IDCW^ Option (Payout & Re-investment) Monthly Average AUM (₹ Cr.) as on November 30, 2021 |
652.16 Net AUM (₹ Cr.) |
646.60 Monthly Avg. Expense Ratio |
(Including Statutory Levies) as on November 30, 2021 Regular Plan: 1.15% Direct Plan: 0.33% **For experience of Fund Managers Click Here |
^Pursuant to Notice cum addendum dated March 27, 2021 the nomenclature of dividend option has been changed w.e.f. April 01, 2021. |
| |||||||||||||
| NAV: | Direct | Regular |
| Growth | ₹ 13.1327 | ₹ 12.7547 |
| IDCW | ₹ 13.1218 | ₹ 12.7575 |
| Weighted Average Maturity | 1.87 Years |
| Modified Duration | 1.64 Years |
| Macaulay Duration | 1.72 Years |
| Yield to Maturity | 4.82% |
| Portfolio Holdings | % Allocation | |
| Corporate Bond | ||
| 5.79% REC Ltd (20/03/2024) | 3.91% | |
| 5.35% LIC Housing Finance Ltd (20/03/2023) | 3.88% | |
| 5.65% Bajaj Finance Ltd (10/05/2024) | 3.85% | |
| 6.4% NABARD (31/07/2023) | 3.17% | |
| 6.8% Hindustan Petroleum Corporation Ltd (15/12/2022) | 3.16% | |
| 7% Hindustan Petroleum Corporation Ltd (14/08/2024) | 2.42% | |
| 7.17% Reliance Industries Ltd (08/11/2022) | 2.37% | |
| 6.99% Housing & Urban Development Corporation Ltd (11/11/2022) | 2.37% | |
| 4.64% Oil & Natural Gas Corporation Ltd (21/11/2023) | 2.31% | |
| 8.8% Power Grid Corporation of India Ltd (13/03/2023) | 1.63% | |
| 8.45% L&T Finance Ltd (23/12/2022) | 1.60% | |
| 6.75% Power Finance Corporation Ltd (22/05/2023) | 1.59% | |
| 7.35% Bajaj Finance Ltd (10/11/2022) | 1.58% | |
| 7.05% Housing & Urban Development Corporation Ltd (13/10/2022) | 1.58% | |
| 8.75% Vedanta Ltd (30/06/2022) | 1.56% | |
| 5.32% National Housing Bank (01/09/2023) | 1.56% | |
| 5.24% Small Industries Dev Bank of India (26/03/2024) | 1.55% | |
| 4.9% Small Industries Dev Bank of India (18/08/2023) | 1.55% | |
| 6.4% Jamnagar Utilities & Power Private Ltd (29/09/2026) | 1.53% | |
| 8.64% Power Grid Corporation of India Ltd (08/07/2025) | 0.85% | |
| 8.57% REC Ltd (21/12/2024) | 0.84% | |
| 8.02% Bharat Petroleum Corporation Ltd (11/03/2024) | 0.81% | |
| 7.55% REC Ltd (26/09/2023) | 0.81% | |
| 7.4% LIC Housing Finance Ltd (06/09/2024) | 0.81% | |
| 8.1% Tata Capital Housing Finance Ltd (14/01/2023) | 0.80% | |
| 7.21% Housing Development Finance Corporation Ltd (30/12/2022) | 0.79% | |
| 7.5% HDB Financial Services Ltd (23/12/2022) | 0.79% | |
| 6.55% NTPC Ltd (17/04/2023) | 0.79% | |
| 6.55% National Housing Bank (17/04/2023) | 0.79% | |
| 6.43% Chennai Petroleum Corporation Ltd (28/02/2023) | 0.79% | |
| 6.11% Bharat Petroleum Corporation Ltd (04/07/2025) | 0.78% | |
| 5.62% Export Import Bank of India (20/06/2025) | 0.77% | |
| 6.99% Housing Development Finance Corporation Ltd (13/02/2023) | 0.47% | |
| 8.83% Indian Railway Finance Corporation Ltd (25/03/2023) | 0.33% | |
| 8.45% REC Ltd (22/03/2022) | 0.03% | |
| Corporate Bond Total | 54.41% | |
| Government Bond | ||
| 5.63% GOI (12/04/2026) | 14.30% | |
| 5.09% GOI (13/04/2022) | 2.33% | |
| 8.2% GOI (24/09/2025) | 0.59% | |
| Government Bond Total | 17.22% | |
| Commercial Paper | ||
| Reliance Jio Infocomm Ltd (03/12/2021) | 3.87% | |
| Indian Oil Corporation Ltd (10/12/2021) | 3.86% | |
| L&T Finance Ltd (21/02/2022) | 1.92% | |
| Commercial Paper Total | 9.64% | |
| State Government Bond | ||
| 7.37% Maharashtra SDL (14/09/2026) | 3.25% | |
| 7.39% Maharashtra SDL (09/11/2026) | 1.22% | |
| State Government Bond Total | 4.47% | |
| Treasury Bill | ||
| 182 Days Tbill (02/12/2021) | 3.87% | |
| Treasury Bill Total | 3.87% | |
| Certificate of Deposit | ||
| Axis Bank Ltd (17/06/2022) | 1.89% | |
| Certificate of Deposit Total | 1.89% | |
| Zero Coupon Bond | ||
| Axis Finance Ltd (03/08/2022) | 0.57% | |
| Zero Coupon Bond Total | 0.57% | |
| Cash & Other Receivables Total | 7.93% | |
| Total | 100.00% | |
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| MASTF | 3.18 |
7.19 |
6.77 |
|
| Scheme Benchmark* | 4.43 |
8.34 |
7.97 |
|
| Additional Benchmark** | 2.38 |
7.83 |
7.72 |
|
| NAV as on 30th November, 2021 | 12.7547 | |||
| Index Value (30th November, 2021) | Index Value of benchmark is 4,042.48 and CRISIL 10 Year Gilt Index is 4,115.65 | |||
| Allotment Date | 16th March, 2018 | |||
| Scheme Benchmark | *CRISIL Short Term Bond Fund Index | |||
| Additional Benchmark | **CRISIL 10 Year Gilt Index | |||
Note:1. Different Plans under the scheme has different expense structure. The reference and details provided herein are of Regular Plan - Growth Option
2. Fund manager : Mr. Mahendra Jajoo & Mr. Amit Modani managing the scheme since 16th March, 2018 & since 30th June, 2021 respectively..
This product is suitable for investors who are seeking*
. Optimal returns over short term
. Investment in an actively managed diversified portfolio of debt and money market instruments including REITs & InvITs
• Degree of risk - Low to Moderate
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
Past Performance may or may not be sustained in future.
Note : For computation of since inception returns (%) the allotment NAV has been taken as ₹ 10.00. The performance of other funds managed by the same fund manager is given in the respective page of the schemes 