Investment Objective and Approach

The Mirae Asset Short Duration Fund (erstwhile Mirae Asset Short Term Fund) is an open-ended short-term debt scheme that invests in instruments such that the Macaulay duration of the portfolio is between 1 year to 3 years. The fund carries relatively high interest rate risk and moderate credit risk.

The fund's investment approach focuses on:

- Primarily investing in 1-3 year debt and money market instruments with predominantly highly rated instruments

- Maintaining Macaulay duration of the portfolio between 1 year to 3 years

- Following an accrual strategy

Key Financial Metrics (as of August 2025):

- Latest NAV: ₹16.89 (as of August 5, 2025)

- AUM: ₹1,149.62 Crores (as of August 6, 2025)

- 1-year return: 9.56%

- 3-year return: 26.07%

- Since inception return: 68.36%

- Minimum SIP: ₹99

- Minimum Lumpsum: ₹5,000

Fund Managers

Mahendra Jajoo is the current fund manager of Mirae Asset Short Duration Fund. Mr. Mahendra Jajoo has over 30 years of experience in the field of financial services including 14 years of experience in Fixed Income funds management.

Mr. Mahendra Kumar Jajoo is the Head of Fixed Income at Mirae Asset Global Investments (India) Pvt. Ltd., a post he has held for the last 3 years. Mr. Jajoo is a CA as well as CFA by qualification. He has almost 15 years of experience in the Fixed Income segment, having served as the Head of Fixed Income at multiple companies such as ABN AMRO, TAML, Prameria AMC, and MJ Investment Services. At Mirae Asset Mutual Funds, Mr. Jajoo manages 21 schemes with a net AuM of significant value.

About the Fund House (AMC)

Mirae Asset was founded in 1997. Mirae Asset Mutual Fund is sponsored by Mirae Asset Global Investments Co. Limited, South Korea. The asset management company has established a strong presence in the Indian mutual fund industry.

Key AMC Statistics (as of January 2024):

- AUM: ₹1,63,996 crores by the end of January 2024

- Over 61 lakh folios and monthly SIP book of ₹879 crores

- 22 branches across the country

- 54 primary mutual fund schemes as of December 2023

Mr. Swarup Mohanty is the incumbent Chief Executive Officer of Mirae Asset Global Investments (India Pvt. Ltd.). He joined the firm in 2011 as the Head of Sales and was elevated to his current post in February 2016. Mr. Mohanty comes with a treasure trove of experience in investment and equity markets, having worked in various capacities in this segment for over two decades.

Should I Invest in Mirae Asset Short Duration Fund?

The Mirae Asset Short Duration Fund is suitable for investors who:

Ideal For:

- Seek steady income with moderate risk exposure

- Want to invest in debt instruments with 1-3 year duration

- Prefer professional management of fixed income securities

- Are looking for better returns than traditional fixed deposits

- Have investment horizon of 1-3 years

Risk Profile:

The fund is rated as Moderate risk. The fund has higher interest rate risk than the category average, which means returns may be impacted in case of interest rate changes.

Investment Considerations:

- The fund invests in instruments with highest credit rating, indicating extremely strong ability to make timely interest payments and ultimate principal payments

- The fund follows an accrual strategy focusing on 1-3 year debt instruments

- Suitable for conservative investors seeking regular income

Market Outlook:

According to recent market commentary by the fund manager, the prevailing market sentiment suggests potential rate cuts ahead. If this scenario unfolds, long-duration funds are likely to outperform initially. Subsequently, low-duration and ultra-short funds, positioned at the shorter end of the curve, are expected to demonstrate improved performance.

FAQs

What is today's NAV of Mirae Asset Short Duration Fund?

The latest NAV is ₹16.89 as of August 5, 2025. NAV is updated daily and varies based on market conditions.

What is the AUM of Mirae Asset Short Duration Fund?

The fund has an AUM of ₹1,149.62 Crores as of August 6, 2025. This represents the total value of assets managed by the fund.

What is the expense ratio of Mirae Asset Short Duration Fund?

The expense ratio varies between regular and direct plans. Direct plans typically have lower expense ratios compared to regular plans, resulting in higher returns.

What are the returns of Mirae Asset Short Duration Fund since inception?

The fund has delivered 68.36% returns since inception. Recent performance shows 9.56% returns in the last 1 year and 26.07% over 3 years.

What is the minimum SIP amount to invest in Mirae Asset Short Duration Fund?

The minimum SIP amount is ₹99. This makes it accessible for small investors to start systematic investing.

How do I invest in Mirae Asset Short Duration Fund?

You can invest through Allvest platform by completing your KYC, selecting the fund, choosing SIP or lumpsum option, and making payment online.

How to start a SIP in Mirae Asset Short Duration Fund?

Register on Allvest, complete KYC verification, select the fund, choose SIP option, set investment amount and frequency, then set up auto-debit mandate.

How do I automate an SIP in Mirae Asset Short Duration Fund?

Set up bank mandate or UPI auto-pay through Allvest platform. This ensures automatic monthly deduction and investment without manual intervention.

How can I withdraw/redeem my investment in Mirae Asset Short Duration Fund?

Log into your Allvest account, select the fund holding, choose redemption option, specify units or amount to redeem. Funds typically credit within 1-3 business days.