MonitorDirect · GrowthWatch before adding
Mirae Asset Short Term Fund
Mirae Asset Mutual FundIncome/Debt Oriented Schemes - Short Term Fund8.6 years
The scheme seeks to generate returns through an actively managed diversified portfolio of debt and money market instruments with Macaulay duration of the portfolio between 1 year to 3 years.
- NAV
- 17.7397
- 29 Oct 2026
- 1Y
- +3.7%
- Trailing CAGR
- AUM
- ₹512.08 Cr
- 30 Sept 2026
- Volatility
- Low
- 1.3% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Prefer peers if · Prefer Baroda BNP Paribas Short Term Fund (the scheme has 2 segregated portfolios) if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
8.6 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.25% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -2.2%. Ask whether you can hold through a similar fall.
Vs category
Fail
12% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Basant Bafna · 3.8 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Watch
Top 10 holdings ≈ 55.7% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+3.7%
- 3Y+7.1%
- 5Y+6.3%
- 10Yn/a
- SI+6.8%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+3.3%
- 3Y+6.0%
- 5Y+6.5%
- 10Yn/a
- Since inception
- +6.8%
- Calendar-day CAGR
- Excess 1Y
- -0.6%
- Category median, same plan and option
- 3Y win rate
- +12%
- Windows beating the median
- 3Y percentile
- 31
- Vs comparable share classes
- SIP 3Y XIRR
- +6.0%
- Simulated monthly SIP
- Worst rolling 3Y
- +4.8%
- 1358 daily-ending windows
- Median rolling 3Y
- +6.8%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 873 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -2.2%
- Worst peak-to-trough
- Current
- -0.7%
- Below last peak
- Current spell
- 50 days
- Days below latest peak
- Time below peak
- +45%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 4 days
- 234 recovered episodes
- Longest recovery
- 58 days
- Trough to prior peak
9 Mar 2020 – 27 Mar 2020
Trough 23 Mar 2020 · recovered in 4 days
-2.2%
9 Apr 2018 – 3 Jul 2018
Trough 17 May 2018 · recovered in 47 days
-1.1%
7 Apr 2022 – 6 Jul 2022
Trough 9 May 2022 · recovered in 58 days
-0.9%
9 Sept 2026 – open
Trough 23 Oct 2026 · not recovered
-0.9%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
31
Vs category
46
Consistency
30
Risk-adjusted
61
Drawdown
95
Mean
53
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
No status reasons yet. History is still thin.
Supporting reads
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 43 holdings · top 10 are 55.7%.
- Top 5
- 33.5%
- Top 10
- 55.7%
- Largest holding
- 8.6%
- Effective holdings
- 23.9
GOVERNMENT OF INDIA 37426 GOI 11MY36 6.94 FV RS 100
Entities
8.6%
EXPORT IMPORT BANK OF INDIA SR Z01 7.45 BD 12AP28 FVRS1LAC
Financial
7.8%
GOVERNMENT OF INDIA 37699 GOI 27JL41 7.06 FV RS 100
Entities
6.6%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25G 7.48 BD 15SP28 FVRS1LAC
Financial
5.6%
BAJAJ FINANCE LIMITED 8% NCD 12MY31 FVRS1LAC
Financial
4.8%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Baroda BNP Paribas Short Term Fund (the scheme has 2 segregated portfolios)
Baroda BNP Paribas Mutual Fund
- 1Y
- +4.5%
- 3Y
- +7.3%
- Vol
- 1.2%
- Max DD
- -2.1%
- Sharpe
- 1.60
- 3Y win
- +63%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
Groww Short Term Fund
Groww Mutual Fund
- 1Y
- +4.9%
- 3Y
- +7.4%
- Vol
- 1.0%
- Max DD
- -1.2%
- Sharpe
- 1.52
- 3Y win
- +33%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
Mahindra Manulife Short Term Fund
Mahindra Manulife Mutual Fund
- 1Y
- +4.7%
- 3Y
- +7.5%
- Vol
- 0.9%
- Max DD
- -1.1%
- Sharpe
- 0.60
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
Sundaram Short Term Fund (Formerly Known as Sundaram Short Duration Fund)
Sundaram Mutual Fund
- 1Y
- +4.6%
- 3Y
- +7.3%
- Vol
- 0.9%
- Max DD
- -0.7%
- Sharpe
- 0.78
- 3Y win
- +46%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
Canara Robeco Short Term Fund
Canara Robeco Mutual Fund
- 1Y
- +4.5%
- 3Y
- +6.8%
- Vol
- 1.3%
- Max DD
- -2.2%
- Sharpe
- 0.95
- 3Y win
- +14%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher TER · Lower trailing returns