Should I invest in Mirae Asset Low Duration Fund?

We don't give personal investment advice. Mirae Asset Low Duration Fund - Direct Plan - Growth is suitable for an investor whose:time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ yearsprimary goal is capital preservation or steady accrual, not high growthtax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 0.3%. 5-year CAGR: 6.54%.

Mirae Asset

Mirae Asset Low Duration Fund - Direct Plan - Growth

Latest NAV

₹2,629.7394

As of

17 Jul 2026

3,268 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.05%	+0.05%	0.00	10 / 27	Q2
1W	+0.08%	+0.09%	-0.01	15 / 27	Q3
2W	+0.07%	+0.08%	-0.01	15 / 27	Q3
1M	+0.67%	+0.65%	+0.02	7 / 27	Q2
3M	+1.68%	+1.59%	+0.09	5 / 27	Q1
6M	+3.40%	+3.37%	+0.03	10 / 26	Q2
YTD	+3.42%	+3.44%	-0.02	8 / 25	Q2
1Y	+6.34%	+6.66%	-0.31	7 / 25	Q2
2Y	+7.43%	+7.70%	-0.27	9 / 22	Q2
3Y	+7.48%	+7.44%	+0.04	9 / 22	Q2
4Y	+7.30%	+7.31%	-0.01	10 / 21	Q2
5Y	+6.54%	+6.67%	-0.13	11 / 19	Q3
7Y	+6.41%	+6.83%	-0.42	17 / 19	Q4
10Y	+6.58%	+6.85%	-0.27	13 / 16	Q4
Inception	+7.05%	+6.95%	+0.10	16 / 27	Q3

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	+3.42%	+3.34%	+0.07	7 / 24
2025	+7.77%	+7.72%	+0.05	9 / 21
2024	+7.98%	+7.84%	+0.13	3 / 21
2023	+7.22%	+7.37%	-0.15	17 / 21
2022	+4.60%	+4.67%	-0.07	11 / 20
2021	+3.71%	+4.92%	-1.21	15 / 19
2020	+7.28%	+8.39%	-1.11	14 / 19
2019	+6.43%	+6.00%	+0.44	14 / 19
2018	+7.25%	+7.58%	-0.33	16 / 18
2017	+6.50%	+7.15%	-0.65	17 / 17
2016	+7.70%	+8.94%	-1.24	17 / 17

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+7.01%

153 windows

min 3.3% · max 9.1%

100% positive

3-Year rolling

+6.80%

129 windows

min 5.0% · max 8.4%

100% positive

5-Year rolling

+6.63%

105 windows

min 5.8% · max 7.9%

100% positive

7-Year rolling

+6.63%

80 windows

min 6.1% · max 7.7%

100% positive

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

0.65%

3-year · annualised

Sharpe ratio

1.14

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.25%

May 2026 → May 2026

% positive months

100.0%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Low Duration Fund

Scheme	Fund house	NAV	As of
HDFC Low Duration Fund - Direct Plan - Growth	HDFC	₹66.9311	17 Jul 2026
Nippon India Low Duration Fund - Direct Plan Growth Plan - Bonus Option	Nippon India	₹2,467.5759	17 Jul 2026
SBI LOW DURATION FUND - DIRECT PLAN - GROWTH	SBI	₹3,872.6401	17 Jul 2026
ICICI Prudential Savings Fund - Direct Plan - Growth	ICICI Prudential	₹589.8809	17 Jul 2026
Invesco India Low Duration Fund - Direct Plan - Growth	Invesco	₹4,201.4234	17 Jul 2026
BANDHAN Low Duration Fund-Direct Plan-Growth	Bandhan	₹42.1467	17 Jul 2026
Aditya Birla Sun Life Low duration Fund - Growth - Direct Plan	Aditya Birla Sun Life	₹776.9142	17 Jul 2026
Franklin India Low Duration Fund-Direct-Growth	Franklin India	₹11.0472	17 Jul 2026
Kotak Low Duration Fund- Direct Plan- Growth Option	Kotak	₹3,900.1775	17 Jul 2026
Edelweiss Low Duration Fund - Direct Plan Growth	Edelweiss	₹1,094.5613	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹2,629.7394
16 Jul 2026	₹2,628.4075
15 Jul 2026	₹2,626.9036
14 Jul 2026	₹2,626.3949
13 Jul 2026	₹2,628.4146
10 Jul 2026	₹2,627.6034
9 Jul 2026	₹2,626.2521
8 Jul 2026	₹2,625.0241
7 Jul 2026	₹2,627.9765
6 Jul 2026	₹2,628.8100

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 17 Jul 2026, the NAV of Mirae Asset Low Duration Fund - Direct Plan - Growth is ₹2,629.7394. It's a Low Duration Fund from Mirae Asset, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

Mirae Asset Low Duration Fund - Direct Plan - Growth has NAV history starting from 02 Jan 2013, a track record of about 13 years 6 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

Mirae Asset Low Duration Fund - Direct Plan - Growth is managed by Mirae Asset. It's classified by AMFI under the 'Low Duration Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Mirae Asset Low Duration Fund - Direct Plan - Growth has delivered a absolute return of 6.34% — -0.31 pp behind the Low Duration Fund category average of 6.66%. The fund ranks #7 of 25 in its category — the second (Q2) quartile.

Over the trailing 3-year window, Mirae Asset Low Duration Fund - Direct Plan - Growth has delivered a CAGR of 7.48% — +0.04 pp ahead of the Low Duration Fund category average of 7.44%. The fund ranks #9 of 22 in its category — the second (Q2) quartile.

Over the trailing 5-year window, Mirae Asset Low Duration Fund - Direct Plan - Growth has delivered a CAGR of 6.54% — -0.13 pp behind the Low Duration Fund category average of 6.67%. The fund ranks #11 of 19 in its category — the third (Q3) quartile.

₹1 lakh invested in Mirae Asset Low Duration Fund - Direct Plan - Growth exactly 10 years ago would be worth approximately ₹189,161 today — a multiplier of 1.89×, based on the 10-year CAGR of 6.58%. The category average over the same window would have grown ₹1 lakh to ₹193,962.

A ₹10,000 monthly SIP in Mirae Asset Low Duration Fund - Direct Plan - Growth over the last 5 years — total invested ₹600,000 — would be worth ₹719,225 today. That's an XIRR (money-weighted annualised return) of 7.18%.

A ₹10,000 monthly SIP for 10 years in Mirae Asset Low Duration Fund - Direct Plan - Growth = ₹1,200,000 invested. It would currently be worth ₹1,685,979 (multiplier 1.41×). XIRR: 6.61%. Long-horizon SIP results matter more than point-to-point returns because they smooth out entry timing.

On a 5-year basis, Mirae Asset Low Duration Fund - Direct Plan - Growth ranks #11 out of 19 funds in the Low Duration Fund category — that places it in the third quartile (Q3) — below the median. The category average return over the same window is 6.67%; this fund delivered 6.54%.

The worst peak-to-trough decline Mirae Asset Low Duration Fund - Direct Plan - Growth has experienced over the last 5-year window is 0.34% — its NAV fell from a high on 02 May 2022 to a low on 06 May 2022. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, Mirae Asset Low Duration Fund - Direct Plan - Growth averaged 6.63% (best 7.94%, worst 5.78%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is -0.19 — negative risk-adjusted performance.

In calendar year 2025, Mirae Asset Low Duration Fund - Direct Plan - Growth returned 7.77% — beating the Low Duration Fund category average of 7.72% by 0.05 pp. It ranked #9 of 21 in its category that year.

Mirae Asset Low Duration Fund - Direct Plan - Growth is classified as a Debt fund. For units acquired on or after 1 April 2023, all gains are taxed at your income-tax slab rate regardless of holding period — there's no LTCG concession or indexation. For pre-April-2023 units, the old rules with indexation still apply on long-term gains.

We don't give personal investment advice. Mirae Asset Low Duration Fund - Direct Plan - Growth is suitable for an investor whose:

time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ years
primary goal is capital preservation or steady accrual, not high growth
tax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 0.3%. 5-year CAGR: 6.54%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.

Mirae Asset Low Duration Fund - Direct Plan - Growth

NAV history & peer comparison

Returns matrix

Calendar-year returns

Rolling returns

SIP returns — historical "what if"

Risk profile

Peers in Low Duration Fund

Recent NAVs

Frequently asked questions

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