Mirae Asset

Mirae Asset Short Term Bond Fund - Regular - Quarterly Dividend Reinvestment Option

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	+0.01%	-14.54%	+14.55	73 / 373	Q1
1W	+0.11%	-15.89%	+16.00	72 / 369	Q1
2W	+0.22%	-15.78%	+16.00	65 / 371	Q1
1M	+0.47%	-16.05%	+16.52	71 / 373	Q1
3M	+0.02%	-17.27%	+17.29	146 / 366	Q2
6M	-0.23%	-30.18%	+29.95	187 / 393	Q2
YTD	-0.43%	-32.85%	+32.42	192 / 414	Q2
1Y	-0.31%	-15.79%	+15.48	201 / 309	Q3
2Y	-0.06%	-13.41%	+13.35	100 / 142	Q3
3Y	+1.81%	-6.89%	+8.70	41 / 95	Q2
4Y	+3.19%	+2.81%	+0.38	31 / 84	Q2
5Y	+3.87%	+2.94%	+0.93	28 / 76	Q2
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+3.38%	-35.69%	+39.07	110 / 497	Q1

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
2016 YTD	-0.43%	+3.89%	-4.32	44 / 45
2015	-0.52%	+2.84%	-3.36	61 / 66
2014	-0.05%	+4.08%	-4.13	65 / 76
2013	+7.82%	+2.34%	+5.48	18 / 76
2012	+7.50%	+3.72%	+3.78	28 / 78
2011	+6.13%	+3.23%	+2.90	23 / 66
2010	+1.14%	-11.73%	+12.87	42 / 132
2009	—	—	—	—

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

+3.73%

69 windows

min -1.9% · max 7.8%

84% positive

3-Year rolling

+4.84%

44 windows

min 1.8% · max 7.1%

100% positive

Limited basis — fund is young, so this average may be skewed by which 3Y windows happen to be available.

5-Year rolling

+4.19%

20 windows

min 3.9% · max 4.6%

100% positive

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

7-Year rolling

—

Insufficient history

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

2.98%

3-year · annualised

Sharpe ratio

-1.56

vs risk-free 6.5%

Sortino ratio

-2.03

Downside-only deviation

Max drawdown

-2.29%

Jul 2015 → Jan 2016

% positive months

75.0%

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.

Recent NAVs

Date	NAV
3 Mar 2016	₹12.4173
2 Mar 2016	₹12.4157
1 Mar 2016	₹12.4138
29 Feb 2016	₹12.4118
26 Feb 2016	₹12.4058
25 Feb 2016	₹12.4037
24 Feb 2016	₹12.4017
23 Feb 2016	₹12.3997
22 Feb 2016	₹12.3977
18 Feb 2016	₹12.3901

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.

Mirae Asset Short Term Bond Fund - Regular - Quarterly Dividend Reinvestment Option is a Income from Mirae Asset (Regular plan, IDCW (dividend) option). Latest NAV isn't currently available in our feed — the AMC publishes it once per business day after market close.

Mirae Asset Short Term Bond Fund - Regular - Quarterly Dividend Reinvestment Option has NAV history starting from 04 Aug 2009, a track record of about 16 years 10 months. Long-tenured funds like this have weathered multiple market cycles — the 2008 crash, 2013 taper tantrum, 2020 COVID drawdown — which makes their returns more credible than a 3-year track record alone.

Mirae Asset Short Term Bond Fund - Regular - Quarterly Dividend Reinvestment Option is managed by Mirae Asset. It's classified by AMFI under the 'Income' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Mirae Asset Short Term Bond Fund - Regular - Quarterly Dividend Reinvestment Option has delivered a absolute return of -0.31% — +15.48 pp ahead of the Income category average of -15.79%. The fund ranks #201 of 309 in its category — the third (Q3) quartile.

Over the trailing 3-year window, Mirae Asset Short Term Bond Fund - Regular - Quarterly Dividend Reinvestment Option has delivered a CAGR of 1.81% — +8.7 pp ahead of the Income category average of -6.89%. The fund ranks #41 of 95 in its category — the second (Q2) quartile.

Over the trailing 5-year window, Mirae Asset Short Term Bond Fund - Regular - Quarterly Dividend Reinvestment Option has delivered a CAGR of 3.87% — +0.93 pp ahead of the Income category average of 2.94%. The fund ranks #28 of 76 in its category — the second (Q2) quartile.

₹1 lakh invested in Mirae Asset Short Term Bond Fund - Regular - Quarterly Dividend Reinvestment Option exactly 5 years ago would be worth approximately ₹120,885 today — a multiplier of 1.21×, based on the 5-year CAGR of 3.87%. The category average over the same window would have grown ₹1 lakh to ₹115,573.

A ₹10,000 monthly SIP in Mirae Asset Short Term Bond Fund - Regular - Quarterly Dividend Reinvestment Option over the last 5 years — total invested ₹600,000 — would be worth ₹634,943 today. That's an XIRR (money-weighted annualised return) of 2.23%.

Mirae Asset Short Term Bond Fund - Regular - Quarterly Dividend Reinvestment Option doesn't yet have 10 years of NAVs. Over the longest available window (5-year SIP), ₹10,000/month would have grown to ₹634,943 — XIRR 2.23%.

On a 5-year basis, Mirae Asset Short Term Bond Fund - Regular - Quarterly Dividend Reinvestment Option ranks #28 out of 76 funds in the Income category — that places it in the second quartile (Q2) — above the median. The category average return over the same window is 2.94%; this fund delivered 3.87%.

The worst peak-to-trough decline Mirae Asset Short Term Bond Fund - Regular - Quarterly Dividend Reinvestment Option has experienced over the last 5-year window is 2.29% — its NAV fell from a high on 09 Jul 2015 to a low on 08 Jan 2016. 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 Term Bond Fund - Regular - Quarterly Dividend Reinvestment Option averaged 4.19% (best 4.55%, worst 3.85%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is -1.10 — negative risk-adjusted performance.

In calendar year 2015, Mirae Asset Short Term Bond Fund - Regular - Quarterly Dividend Reinvestment Option returned -0.52% — lagging the Income category average of 2.84% by 3.36 pp. It ranked #61 of 66 in its category that year.

Mirae Asset Short Term Bond Fund - Regular - Quarterly Dividend Reinvestment Option 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 Term Bond Fund - Regular - Quarterly Dividend Reinvestment Option 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: 2.3%. 5-year CAGR: 3.87%.

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