Should I invest in Mirae Asset Short Duration Fund?

We don't give personal investment advice. Mirae Asset Short 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: 0.9%. 5-year CAGR: 6.26%.

Mirae Asset

Mirae Asset Short Duration Fund - Direct Plan - Growth

Latest NAV

₹17.4069

As of

3 Jun 2026

1,985 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	+0.07%	+0.04%	+0.03	4 / 27	Q1
1W	+0.26%	-0.70%	+0.96	5 / 29	Q1
2W	+0.42%	+2.94%	-2.52	3 / 28	Q1
1M	+0.22%	+3.47%	-3.25	7 / 28	Q1
3M	+0.26%	+3.91%	-3.64	27 / 28	Q4
6M	+1.26%	+5.05%	-3.79	25 / 27	Q4
YTD	+1.07%	+4.94%	-3.86	26 / 27	Q4
1Y	+4.15%	+7.52%	-3.37	24 / 27	Q4
2Y	+7.11%	+9.69%	-2.58	16 / 25	Q3
3Y	+7.12%	+8.64%	-1.52	16 / 25	Q3
4Y	+7.12%	+8.45%	-1.32	14 / 23	Q3
5Y	+6.26%	+7.72%	-1.46	12 / 21	Q3
7Y	+6.81%	+7.60%	-0.79	12 / 20	Q3
10Y	—	—	—	—	—
Inception	+6.95%	+7.44%	-0.49	18 / 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	+1.07%	+1.37%	-0.29	24 / 24
2025	+8.26%	+15.76%	-7.50	6 / 24
2024	+8.45%	+8.00%	+0.45	10 / 24
2023	+7.19%	+3.00%	+4.20	16 / 25
2022	+3.92%	+4.91%	-1.00	10 / 22
2021	+3.94%	+4.77%	-0.83	10 / 19
2020	+9.40%	+8.81%	+0.58	14 / 20
2019	+10.15%	+6.89%	+3.26	7 / 19
2018	—	—	—	—

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

+7.34%

88 windows

min 2.9% · max 11.1%

100% positive

3-Year rolling

+6.74%

64 windows

min 4.9% · max 8.6%

100% positive

5-Year rolling

+6.66%

40 windows

min 6.3% · max 7.1%

100% positive

Limited basis — fund is young, so this average may be skewed by which 5Y windows happen to be available.

7-Year rolling

+7.29%

15 windows

min 6.8% · max 7.7%

100% positive

Limited basis — fund is young, so this average may be skewed by which 7Y windows happen to be available.

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

1.28%

3-year · annualised

Sharpe ratio

0.32

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.65%

Mar 2026 → Apr 2026

% positive months

94.4%

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 Short Duration Fund

Scheme	Fund house	NAV	As of
HDFC Short Term Debt Fund - Growth Option - Direct Plan	HDFC	₹34.6078	3 Jun 2026
Nippon India Short Duration Fund - Direct Plan Growth Plan - Growth Option	Nippon India	₹60.1021	3 Jun 2026
SBI SHORT TERM DEBT FUND - DIRECT PLAN -GROWTH	SBI	₹35.6616	3 Jun 2026
ICICI Prudential Short Term Fund - Direct Plan - Growth Option	ICICI Prudential	₹69.0732	3 Jun 2026
Invesco India Short Duration Fund - Direct Plan - Growth	Invesco	₹4,112.3349	3 Jun 2026
Bandhan Short Duration Fund - Direct Plan - Growth	Bandhan	₹64.1516	3 Jun 2026
Aditya Birla Sun Life Short Term Fund - Growth - Direct Plan	Aditya Birla Sun Life	₹53.9139	3 Jun 2026
Franklin India Short Tem Income Plan - Segregated Portfolio 3 (9.50% Yes Bank Ltd CO 23Dec21) - Direct Retail Plan Growth Option	Franklin India	₹0.0000	3 Jun 2026
Kotak Bond Short Term Plan-(Growth) - Direct	Kotak	₹59.9322	3 Jun 2026
DSP Short Term Fund - Direct Plan - Growth	DSP	₹52.7776	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹17.4069
2 Jun 2026	₹17.4121
1 Jun 2026	₹17.3992
29 May 2026	₹17.3918
27 May 2026	₹17.3769
26 May 2026	₹17.3678
25 May 2026	₹17.3651
22 May 2026	₹17.3363
21 May 2026	₹17.3252
20 May 2026	₹17.3378

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 03 Jun 2026, the NAV of Mirae Asset Short Duration Fund - Direct Plan - Growth is ₹17.4069. It's a Short Duration Fund from Mirae Asset, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

Mirae Asset Short Duration Fund - Direct Plan - Growth has NAV history starting from 19 Mar 2018, a track record of about 8 years 2 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 Short Duration Fund - Direct Plan - Growth is managed by Mirae Asset. It's classified by AMFI under the 'Short Duration Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Mirae Asset Short Duration Fund - Direct Plan - Growth has delivered a absolute return of 4.15% — -3.37 pp behind the Short Duration Fund category average of 7.52%. The fund ranks #24 of 27 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, Mirae Asset Short Duration Fund - Direct Plan - Growth has delivered a CAGR of 7.12% — -1.52 pp behind the Short Duration Fund category average of 8.64%. The fund ranks #16 of 25 in its category — the third (Q3) quartile.

Over the trailing 5-year window, Mirae Asset Short Duration Fund - Direct Plan - Growth has delivered a CAGR of 6.26% — -1.46 pp behind the Short Duration Fund category average of 7.72%. The fund ranks #12 of 21 in its category — the third (Q3) quartile.

₹1 lakh invested in Mirae Asset Short Duration Fund - Direct Plan - Growth exactly 5 years ago would be worth approximately ₹135,449 today — a multiplier of 1.35×, based on the 5-year CAGR of 6.26%. The category average over the same window would have grown ₹1 lakh to ₹145,019.

A ₹10,000 monthly SIP in Mirae Asset Short Duration Fund - Direct Plan - Growth over the last 5 years — total invested ₹600,000 — would be worth ₹711,511 today. That's an XIRR (money-weighted annualised return) of 6.75%.

Mirae Asset Short Duration Fund - Direct Plan - Growth doesn't yet have 10 years of NAVs. Over the longest available window (7-year SIP), ₹10,000/month would have grown to ₹1,060,955 — XIRR 6.56%.

On a 5-year basis, Mirae Asset Short Duration Fund - Direct Plan - Growth ranks #12 out of 21 funds in the Short Duration Fund category — that places it in the third quartile (Q3) — below the median. The category average return over the same window is 7.72%; this fund delivered 6.26%.

The worst peak-to-trough decline Mirae Asset Short Duration Fund - Direct Plan - Growth has experienced over the last 5-year window is 0.88% — its NAV fell from a high on 07 Apr 2022 to a low on 09 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 Short Duration Fund - Direct Plan - Growth averaged 6.66% (best 7.12%, worst 6.26%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is -0.31 — negative risk-adjusted performance.

In calendar year 2025, Mirae Asset Short Duration Fund - Direct Plan - Growth returned 8.26% — lagging the Short Duration Fund category average of 15.76% by 7.50 pp. It ranked #6 of 24 in its category that year.

Mirae Asset Short 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 Short 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: 0.9%. 5-year CAGR: 6.26%.

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

Mirae Asset Short 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 Short Duration Fund

Recent NAVs

Frequently asked questions

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