Previously Known As : Mirae Asset Short Term Fund
Mirae Asset Short Duration Fund Datagrid
Category Short Duration Fund
BMSMONEY Rank 16
Rating
Growth Option 27-01-2026
NAV ₹16.15(R) +0.03% ₹17.22(D) +0.04%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular 6.62% 6.92% 5.52% 6.34% -%
Direct 7.53% 7.81% 6.4% 7.21% -%
Benchmark
SIP (XIRR) Regular 4.83% 6.73% 6.26% 5.66% -%
Direct 5.73% 7.63% 7.15% 6.53% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
1.29 0.75 0.7 1.5% 0.02
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
1.03% 0.0% -0.11% 0.69 0.7%
Fund AUM As on: 30/12/2025 683 Cr
Top Short Duration Fund
Fund Name Rank Rating
Icici Prudential Short Term Fund 1
Axis Short Term Fund 2
Hdfc Short Term Debt Fund 3
Aditya Birla Sun Life Short Term Fund 4
Nippon India Short Term Fund 5

NAV Date: 27-01-2026

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Short Duration Fund - Regular Plan - Growth 16.15
0.0000
0.0300%
Mirae Asset Short Duration Fund - Regular Plan - IDCW 16.16
0.0000
0.0300%
Mirae Asset Short Duration Fund - Direct Plan - IDCW 17.17
0.0100
0.0400%
Mirae Asset Short Duration Fund - Direct Plan - Growth 17.22
0.0100
0.0400%

Review Date: 27-01-2026

Beginning of Analysis

In the Short Duration Fund category, Mirae Asset Short Duration Fund is the 16th ranked fund. The category has total 21 funds. The Mirae Asset Short Duration Fund has shown a poor past performence in Short Duration Fund. The fund has a Jensen Alpha of 1.5% which is lower than the category average of 1.95%, showing poor performance. The fund has a Sharpe Ratio of 1.29 which is lower than the category average of 1.46.
The past performance of the fund may or may not be sustained in the future. The review is not investment advice nor is it a recommendation to buy or sell funds. The ranking is based on proprietary methodology developed by bmsmoney. The methodology is based on the past performance of the funds and does not guarantee future performance.
Short Duration Mutual Funds are ideal for conservative investors seeking stable returns with lower interest rate risk. These funds invest in debt and money market instruments with a portfolio duration of 1 to 3 years, making them less sensitive to interest rate changes compared to long-duration funds. While they offer moderate returns with relatively lower risk, they may underperform in a falling interest rate environment. Investors should carefully assess their risk tolerance, investment horizon, and financial goals before investing in these funds. Additionally, choosing funds managed by experienced professionals can help optimize risk-adjusted returns.

Mirae Asset Short Duration Fund Return Analysis

  • The fund has given a return of 0.02%, 0.77 and 2.16 in last one, three and six months respectively. In the same period the category average return was 0.04%, 0.82% and 2.21% respectively.
  • Mirae Asset Short Duration Fund has given a return of 7.53% in last one year. In the same period the Short Duration Fund category average return was 7.44%.
  • The fund has given a return of 7.81% in last three years and ranked 9.0th out of 21 funds in the category. In the same period the Short Duration Fund category average return was 7.78%.
  • The fund has given a return of 6.4% in last five years and ranked 10th out of 18 funds in the category. In the same period the Short Duration Fund category average return was 6.66%.
  • The fund has given a SIP return of 5.73% in last one year whereas category average SIP return is 5.78%. The fund one year return rank in the category is 13th in 21 funds
  • The fund has SIP return of 7.63% in last three years and ranks 8th in 21 funds. Icici Prudential Short Term Fund has given the highest SIP return (8.0%) in the category in last three years.
  • The fund has SIP return of 7.15% in last five years whereas category average SIP return is 7.3%.

Mirae Asset Short Duration Fund Risk Analysis

  • The fund has a standard deviation of 1.03 and semi deviation of 0.7. The category average standard deviation is 1.03 and semi deviation is 0.68.
  • The fund has a beta of 0.7 which shows that fund is less volatile than the benchmark.

Standard deviation measures the fund's return volatility and Semi deviation focuses on downside volatility. Value at Risk (VaR) is a measure of the risk of investments. Maximum Drawdown is the maximum loss from a peak to a trough of a portfolio. Beta measures the volatility of the fund compared to the benchmark. A beta of 1 indicates that the fund will move in line with the benchmark. A beta of more than 1 indicates that the fund will be more volatile than the benchmark and vice versa.


  • Very Good Performance in Short Duration Fund Category
  • Good Performance in Short Duration Fund Category
  • Poor Performance in Short Duration Fund Category
  • Very Poor Performance in Short Duration Fund Category

    • Investors beware: Mutual Fund investments are subject to market risks. Please read the scheme related documents carefully.

    Data Source: www.amfiindia.com

    SEBI Categorization


    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % -0.05
    -0.01
    		-0.11 | 0.12 17 | 21 Average
    3M Return % 0.55
    0.66
    		0.51 | 0.99 17 | 21 Average
    6M Return % 1.72
    1.88
    		1.54 | 2.33 17 | 21 Average
    1Y Return % 6.62
    6.76
    		6.06 | 7.41 15 | 21 Average
    3Y Return % 6.92
    7.09
    		6.32 | 7.60 17 | 21 Average
    5Y Return % 5.52
    5.95
    		4.81 | 10.10 12 | 18 Average
    7Y Return % 6.34
    6.39
    		4.72 | 7.32 11 | 17 Average
    1Y SIP Return % 4.83
    5.11
    		4.39 | 5.93 17 | 21 Average
    3Y SIP Return % 6.73
    6.91
    		6.39 | 7.36 15 | 21 Average
    5Y SIP Return % 6.26
    6.61
    		5.79 | 9.31 14 | 18 Average
    7Y SIP Return % 5.66
    6.04
    		4.92 | 8.03 14 | 17 Average
    Standard Deviation 1.03
    1.03
    		0.79 | 1.36 10 | 21 Good
    Semi Deviation 0.70
    0.68
    		0.52 | 0.84 13 | 21 Average
    Max Drawdown % -0.11
    -0.07
    		-0.37 | 0.00 17 | 21 Average
    Average Drawdown % -0.11
    -0.07
    		-0.37 | 0.00 17 | 21 Average
    Sharpe Ratio 1.29
    1.46
    		0.77 | 2.44 15 | 21 Average
    Sterling Ratio 0.70
    0.72
    		0.65 | 0.77 16 | 21 Average
    Sortino Ratio 0.75
    0.97
    		0.44 | 2.00 16 | 21 Average
    Jensen Alpha % 1.50
    1.95
    		0.90 | 3.60 17 | 21 Average
    Treynor Ratio 0.02
    0.02
    		0.01 | 0.04 16 | 21 Average
    Modigliani Square Measure % 6.67
    6.90
    		5.34 | 9.27 14 | 21 Average
    Alpha % -0.94
    -0.78
    		-1.46 | -0.28 17 | 21 Average
    Return data last Updated On : Jan. 27, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Dec. 31, 2025
    KPIs: Key Performance Indicators

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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.02 0.04 -0.06 | 0.16 14 | 21 Average
    3M Return % 0.77 0.82 0.68 | 1.14 16 | 21 Average
    6M Return % 2.16 2.21 1.96 | 2.65 13 | 21 Average
    1Y Return % 7.53 7.44 6.92 | 8.04 8 | 21 Good
    3Y Return % 7.81 7.78 7.26 | 8.25 9 | 21 Good
    5Y Return % 6.40 6.66 5.87 | 10.61 10 | 18 Good
    7Y Return % 7.21 7.10 5.23 | 8.06 10 | 17 Good
    1Y SIP Return % 5.73 5.78 5.25 | 6.57 13 | 21 Average
    3Y SIP Return % 7.63 7.60 7.08 | 8.00 8 | 21 Good
    5Y SIP Return % 7.15 7.30 6.62 | 9.87 10 | 18 Good
    7Y SIP Return % 6.53 6.72 6.04 | 8.55 9 | 17 Good
    Standard Deviation 1.03 1.03 0.79 | 1.36 10 | 21 Good
    Semi Deviation 0.70 0.68 0.52 | 0.84 13 | 21 Average
    Max Drawdown % -0.11 -0.07 -0.37 | 0.00 17 | 21 Average
    Average Drawdown % -0.11 -0.07 -0.37 | 0.00 17 | 21 Average
    Sharpe Ratio 1.29 1.46 0.77 | 2.44 15 | 21 Average
    Sterling Ratio 0.70 0.72 0.65 | 0.77 16 | 21 Average
    Sortino Ratio 0.75 0.97 0.44 | 2.00 16 | 21 Average
    Jensen Alpha % 1.50 1.95 0.90 | 3.60 17 | 21 Average
    Treynor Ratio 0.02 0.02 0.01 | 0.04 16 | 21 Average
    Modigliani Square Measure % 6.67 6.90 5.34 | 9.27 14 | 21 Average
    Alpha % -0.94 -0.78 -1.46 | -0.28 17 | 21 Average
    Return data last Updated On : Jan. 27, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Dec. 31, 2025
    KPIs: Key Performance Indicators

    Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.


    Date Mirae Asset Short Duration Fund NAV Regular Growth Mirae Asset Short Duration Fund NAV Direct Growth
    27-01-2026 16.1542 17.2176
    23-01-2026 16.1496 17.2111
    22-01-2026 16.1496 17.2107
    21-01-2026 16.1304 17.1897
    20-01-2026 16.1333 17.1925
    19-01-2026 16.1373 17.1964
    16-01-2026 16.1432 17.2014
    14-01-2026 16.1567 17.2149
    13-01-2026 16.1619 17.2202
    12-01-2026 16.1753 17.234
    09-01-2026 16.165 17.2218
    08-01-2026 16.165 17.2214
    07-01-2026 16.1649 17.2208
    06-01-2026 16.1709 17.2268
    05-01-2026 16.1662 17.2214
    02-01-2026 16.1706 17.2249
    01-01-2026 16.1729 17.227
    31-12-2025 16.1682 17.2215
    30-12-2025 16.1605 17.2129
    29-12-2025 16.1626 17.2148

    Fund Launch Date: 23/Feb/2018
    Fund Category: Short Duration Fund
    Investment Objective: The investment objective of the scheme is toseek to generate returns through an activelymanaged diversified portfolio of debt andmoney market instruments with Macaulayduration of the portfolio is between 1 year to 3years. However, there is no assurance thatthe investment objective of the Scheme willbe realized and the Scheme does not assureor guarantee any returns.
    Fund Description: Short Duration Fund - An open ended shortterm debt scheme investing in instrumentssuch that the Macaulay duration of theportfolio is between 1 year to 3 years
    Fund Benchmark: CRISIL Short Term Bond Fund Index
    Source: Fund FactSheet

    Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.