Mirae Asset Low Duration Fund Direct-Growth

Q: What are the returns of Mirae Asset Low Duration Fund?

The Mirae Asset Low Duration Fund is a 12 yrs 3 m old fund and has delivered average annual returns of 5.61% since inception. Mirae Asset Low Duration Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 8.47% 7.22% 6.36% 6.73% 5.61%

Previously called: Mirae Asset Savings Direct Plan-G

NAV as of Apr 23, 2025	Returns since inception	ET Money Rank	VRO Ratings
₹2426.8778+0.03% 1 day change	5.61% p.a.	#NA View Ranked Funds	3

Historical NAV & returns

NAV: ₹2426.8778 as on Apr 23, 2025

This fund Category average

Mirae Asset Low Duration Fund overview

VRO rating	3
Expense ratio	0.19% as on Mar 31, 2025
Exit load	0% Exit load of 0.90% shall be applicable if units are redeemed within 3 months(90 days) from the date of allotment.!
AUM (Fund size)	₹1,415 Crs
Lock-in	No Lockin
Age	12 yrs 3 m since Jan 01, 2013
Benchmark	NIFTY Low Duration Debt Index A-I
Min. investment	SIP ₹1000 & Lump. ₹5000
Risk	Low to Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Mirae Asset Low Duration Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Apr 24, 2025

Period	This fund	Category average
1 month	1.14%	1.14%
3 months	2.44%	2.43%
6 months	4.29%	4.22%
1 year	8.47%	8.31%
3 years	7.22%	7.18%
5 years	6.36%	6.76%
7 years	6.49%	6.68%
10 years	6.73%	7.07%

Asset allocationas on Mar 31, 2025

Large Cap 0.0%

Mid Cap 0.0%

Small Cap 0.0%

Other Cap 0.0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

AAA 55.99320065%

A1+ 25.07390072%

Cash & Call Money 12.40930471%

AA+ 2.91207576%

Top Debt Holdings

LIC Housing Finance Ltd. 7.81%

ICICI Bank Ltd. 5.74%

Canara Bank 3.15%

Motilal Oswal Financial Services Ltd. 3.12%

Allocation by Instruments

Debenture 37.63465360999999%

Certificate of Deposit 16.85690753%

Non Convertible Debenture 11.17723385%

Commercial Paper 8.21699319%

Other Holdings

Others 0.24%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
Mirae Asset Low Duration Fund	N.A.	₹1,415 Crs	12 yrs 3 m	0.19%
Sundaram Low Duration Fund	N.A.	₹342 Crs	12 yrs 3 m	0.39%
HDFC Low Duration Fund	N.A.	₹18,185 Crs	12 yrs 3 m	0.45%
Mahindra Manulife Low Duration Fund	N.A.	₹557 Crs	8 yrs 2 m	0.3%
SBI Magnum Low Duration Fund	N.A.	₹14,392 Crs	12 yrs 3 m	0.43%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mirae Asset Low Duration Fund	1.14%	4.29%	8.47%	7.22%	6.36%	6.73%
Sundaram Low Duration Fund	1.14%	4.27%	8.52%	7.29%	7.77%	6.66%
HDFC Low Duration Fund	1.21%	4.27%	8.42%	7.42%	6.91%	7.45%
Mahindra Manulife Low Duration Fund	1.13%	4.29%	8.43%	7.29%	6.38%	5.63%
SBI Magnum Low Duration Fund	1.17%	4.17%	8.27%	7.17%	6.3%	7.1%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Mirae Asset Low Duration Fund	0.56	1.24	1.12	1.05
Sundaram Low Duration Fund	0.51	1.07	1.42	1.69
HDFC Low Duration Fund	0.63	1.24	1.24	1.15
Mahindra Manulife Low Duration Fund	0.58	1.26	1.17	1.06
SBI Magnum Low Duration Fund	0.57	1.28	1.01	0.92

View all Low Duration funds

Key risk & return ratios Compared to other funds in the category

Alpha	3.19 vs. 3.26 Underperformed at beating benchmark
Sharpe	1.12 vs. 3.12 Poor risk-adjusted returns
Beta	1.24 vs. 1.01 More sensitive to market's ups & downs
Standard deviation	0.56 vs. 0.54 More volatile performance

Compare Mirae Asset Low Duration Fund in detail with

About this fund

About Mirae Asset Low Duration Fund

Mirae Asset Low Duration Fund Direct-Growth is a Low Duration mutual fund scheme from Mirae Asset Mutual Fund. This fund has been in existence for 12 yrs 3 m, having been launched on 01/01/2013. Mirae Asset Low Duration Fund Direct-Growth has ₹1,415 Crores worth of assets under management (AUM) as on 31/03/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Mirae Asset Low Duration Fund Direct-Growth as of 23/04/2025 is ₹2426.88. The fund has an expense ratio of 0.19%, which is less than what most other Low Duration funds charge.

Mirae Asset Low Duration Fund Direct-Growth returns of last 1-year are 8.49%. Since launch, it has delivered 5.61% average annual returns. The fund has doubled the money invested in it every 11 yrs.
Mirae Asset Low Duration Fund Direct-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.
The fund's credit profile is high indicating it has lent to borrowers whose quality is great. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in LIC Housing Finance Ltd., ICICI Bank Ltd., Canara Bank, Motilal Oswal Financial Services Ltd., Power Grid Corporation Of India Ltd..

...

Fund AUM	₹1,415 Crs as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Basant Bafna

Mr. Bafna has done B.Com, MBA, CS, CA, FRM and CFA Prior to joining Mirae Asset Mutual Fund, he has worked with India Exim Bank and Union Bank of India

Investment objective

The scheme aims to enhance income consistent with a high level of liquidity, through a judicious portfolio mix of money market and debt instruments.

Mirae Asset Mutual Fund details

No. of schemes	43 view all schemes
Total AUM	₹1,90,637 Crs as on Mar 31, 2025
Address	Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai, 400098
Phone	022-67800301 / 1800-2090-777

More funds from Mirae Asset Mutual Fund

Fund name	ETM Rank	AUM (in Crs.)	1Y	3Y
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund	N.A.	₹237 Crs	12.66%	N.A.
Mirae Asset Short Duration Fund	N.A.	₹347 Crs	10.08%	7.57%
Mirae Asset Nifty SDL Jun 2027 Index Fund	N.A.	₹758 Crs	9.44%	7.35%
Mirae Asset Corporate Bond Fund	N.A.	₹41 Crs	10.15%	7.28%
Mirae Asset Banking and PSU Fund	N.A.	₹47 Crs	9.98%	7.25%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Mirae Asset Low Duration Fund?

The current Net Asset Value (NAV) of the Mirae Asset Low Duration Fund - Direct Growth plan is approximately ₹2426.8778 as of Apr 23, 2025.

What are the returns of this mutual fund scheme?

The Mirae Asset Low Duration Fund is a 12 yrs 3 m old fund and has delivered average annual returns of 5.61% since inception.

Mirae Asset Low Duration Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
8.47%	7.22%	6.36%	6.73%	5.61%

How much does this mutual fund charge as expense ratio?

The Mirae Asset Low Duration Fund - Direct Growth has an expense ratio of 0.19%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The Mirae Asset Low Duration Fund currently has assets under management (AUM) or fund size valued at approximately ₹1,415 Crs crore as of Mar 31, 2025.

To whom does Mirae Asset Low Duration Fund lend to?

The top 3 debt holdings of Mirae Asset Low Duration Fund are as follows

Holding Name	Percentage of Portfolio
LIC Housing Finance Ltd.	7.81%
ICICI Bank Ltd.	5.74%
Canara Bank	3.15%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The Mirae Asset Low Duration Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
AAA	55.99320065%
A1+	25.07390072%
Cash & Call Money	12.40930471%

What is risk level of Mirae Asset Low Duration Fund?

This is a Low Duration fund comes with Low to Moderate risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Mirae Asset Low Duration Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Mirae Asset Low Duration Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in Mirae Asset Low Duration Fund is complete.

How can I redeem my investments in Mirae Asset Low Duration Fund?

Redeeming your investments in Mirae Asset Low Duration Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Mirae Asset Low Duration Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Low Duration

#NA

Volatility Protection: This fund is one of the best in protecting against volatility in it's category.
Return Outperformance: This fund has generated highest return amongst Low Duration funds in the last 2 Years.
Expense Ratio: This fund has the lowest expense ratio amongst actively/passively managed Low Duration funds.
Exit Load: This fund has no exit load.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Return/Risk: The fund is performing poorly than its category.