Mirae Asset Short Term Fund: Guide for New Investors

If you’re exploring debt mutual funds for your first investments, the Mirae Asset Short Term Fund – Direct Plan – IDCW is a notable option. This fund is categorized as a Debt – Short Duration mutual fund and carries a moderate risk profile, making it a potential fit for certain investment strategies.

Checking Out the Fund’s Core Numbers

Understanding the specifics of any fund is key for new investors. Here are some of the essential figures for this particular fund, recorded as of August 28, 2026, which can provide a clear picture of its current standing and performance:

• Its Net Asset Value (NAV) was Rs 17.75, showing a slight decrease of 0.03.
• The fund maintains a competitive expense ratio of 0.28%.
• It manages a substantial fund size of Rs 523 Crores, indicating its scale.
• You can begin your investment with a minimum of Rs 5,000.
• Since its launch on February 23, 2018, the fund has achieved a return of 7.02%.
• Importantly, there is no exit load, offering flexibility for your investments.

The primary investment objective of this scheme is to generate steady returns. It does this through an actively managed and diversified portfolio, consisting of various debt and money market instruments.

Specifically, the fund targets a Macaulay duration for its portfolio between 1 year to 3 years. This duration strategy is central to how the fund aims to manage its risk and return profile within the short-term debt segment.

Meet the Fund Manager

The Mirae Asset Short Term Fund is under the management of Basant Bafna. He brings over 12 years of valuable experience from the banking industry to this role.

Before joining Mirae Asset, Mr. Bafna held significant positions, including Chief Dealer and Assistant General Manager, at the Export-Import Bank of India. His background suggests a strong understanding of financial markets and debt instruments.

Among its holdings, Power Finance Corporation Ltd. stands out, accounting for 1.92% of the fund’s assets. This holding is within the finance sector, giving you insight into the types of companies the fund invests in.

For those starting their investment journey, understanding these details about funds like the Mirae Asset Short Term Fund is crucial. Always consider how a fund’s profile aligns with your personal financial goals and risk tolerance before making any investment decisions.