INF769K01937

CASPeR Ranking #267

Mirae Asset Low Duration Fund - Regular Low Duration Plan Growth

Moderate Risk Low Duration Fixed Income

NAV (Tue Feb 20 2024)

₹2,043

Returns (Since Inception)

4.81%

Category Average

5.02%

Rating

3

Allocation and Holdings

Asset class

Weightage

Unknown

27.37%

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Overall rating

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Scheme Information

Fund name

Mirae Asset Low Duration Fund - Regular Low Duration Plan Growth


Minimum SIP

1000


Risk Level

Moderate Risk


AUM

₹5,272 Cr


ISIN

INF769K01937


Inception Date

Jan 01 1970


Standard Deviation

0.609


Beta

-


Sharpe Ratio

-1.276


Benchmark

NIFTY Low Duration Debt TR INR

Risk

Moderate Risk

Investment Objective

The investment objective of the scheme is to seek to generate returns with a portfolio comprising of debt and money market instruments, such that Macaulay duration of the portfolio is between 6 months - 12 months. The Scheme does not guarantee any returns.

Fund Managers

Mahendra Jajoo

About the AMC

Mirae Asset Investment Managers (India) Private Limited


Phone Number

022-6780 0300


Corporate Office Address

Mirae Asset Investment Managers (India) Private Limited.,Unit No. 606, 6th Floor,,Windsor Bldg, Off CST Road,,Kalina, Santacruz (East), Mumbai - 400 098

Overall AUM

₹5,272 Cr


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frequently asked questions

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What is the current NAV of Mirae Asset Low Duration Fund - Regular Low Duration Plan Growth?

The NAV of Mirae Asset Low Duration Fund - Regular Low Duration Plan Growth is ₹2,043 as of Tue Feb 20 2024.

Net asset value, or NAV for short, is a mutual fund's cost per unit. Consider it the share price of a stock, but one that represents the total worth of all the investments made by the fund. This value affects how much you pay to invest or receive when redeeming units, and it changes every day based on changes in the market. Gaining insight into NAV enables you to evaluate a fund's performance and make wise investment choices.

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Who is the fund manager of Mirae Asset Low Duration Fund - Regular Low Duration Plan Growth?

Mahendra Jajoo is the current fund manager of Mirae Asset Low Duration Fund - Regular Low Duration Plan Growth as on Wed Feb 21 2024. A fund manager's performance history, investment style and strategy, approach to risk management, tenure and experience, fees and charges, and alignment with investor goals all have an impact on the fund performance.

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What is the expense ratio of Mirae Asset Low Duration Fund - Regular Low Duration Plan Growth?

The Expense Ratio of Mirae Asset Low Duration Fund - Regular Low Duration Plan Growth is 0.00% as of Wed Feb 21 2024 which means if you earn ₹50,000 worth returns on an investment in this fund then 0.00% of those returns will be retained by the AMC.

The annual fees you pay the mutual fund firm to manage your investments in that fund are known as the Expense Ratio. The Expense Ratio is deducted from the returns that the fund generates and expressed as a percentage of Assets Under Management (AUM).

Because a smaller portion of the gains will be retained, a fund with a lower expense ratio is always preferable because it will result in larger returns for you.

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What is the minimum SIP amount of Mirae Asset Low Duration Fund - Regular Low Duration Plan Growth?

The minimum Systematic Investment Plan (SIP) amount required for Mirae Asset Low Duration Fund - Regular Low Duration Plan Growth is ₹1,000. A Systematic Investment Plan (SIP) is an investment approach in mutual funds where an investor selects a mutual fund scheme and invests a fixed amount at regular intervals. The SIP investment strategy involves investing a small amount consistently over time, as opposed to investing a large sum in a single instance. This method aims to potentially yield higher returns over the long term by leveraging the benefits of rupee cost averaging and compounding.

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What is the minimum lump sum amount required to invest in Mirae Asset Low Duration Fund - Regular Low Duration Plan Growth?

To initiate a lump sum investment in Mirae Asset Low Duration Fund - Regular Low Duration Plan Growth, a minimum initial amount of ₹5,000 is necessary. This means that to participate in this investment option, investors must commit a starting sum of at least INR 5000. A lumpsum investment is a common approach to investing money in financial instruments such as mutual funds. This method involves investing a substantial sum of money in a financial instrument in a single transaction, as opposed to making multiple smaller payments over time.

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What is risk category of the Mirae Asset Low Duration Fund - Regular Low Duration Plan Growth?

In accordance with SEBI regulations, mutual funds are required to disclose the risk associated with investing, categorized into five levels: (a) Low: Low risk to principal, (b) Moderately Low: Moderately low risk to principal, (c) Moderate: Moderate risk to principal, (d) Moderately High: Moderately high risk to principal, (e) High: High risk to principal. The risk category of Mirae Asset Low Duration Fund - Regular Low Duration Plan Growth is classified as Moderate Risk.

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What is the category of Mirae Asset Low Duration Fund - Regular Low Duration Plan Growth?

The category of the Mirae Asset Low Duration Fund - Regular Low Duration Plan Growth is Fixed Income.

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