Mirae Asset Short Term Fund

Short DurationDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

Mirae Asset Short Term Fund is a Short Duration fund run by Mirae Asset Mutual Fund. On 30-09-2026, it managed ₹512 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 7.1% a year and its Regular plan returned 6.2% a year.

NAV (Direct plan): ₹17.75; ▲ 0.03%30-10-2026
NAV (Regular plan): ₹16.54; ▲ 0.03%30-10-2026
Expense ratio: 0.26%Direct1.05%Regular; 0.26%; A year
Riskometer: Not available; Set by the fund house
3 year return: 7.1%Direct6.2%Regular; 7.1%; A year

Mirae Asset Short Term Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹17.75 (up 0.03% that day); Regular Plan Growth ₹16.54 (up 0.03% that day).

This fund (Direct plan)

₹17.7459

Mirae Asset Short Term Fund Returns vs Short Duration Funds

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	−0.34%	−0.08%	+2.26%	+3.82%	+7.08%	+6.30%	--
This fund (Regular)	−0.41%	−0.28%	+1.83%	+2.94%	+6.19%	+5.42%	--
Short Duration average	−0.14%	+0.30%	+2.50%	+4.11%	+6.88%	+6.62%	--
Best in Short Duration	+0.11%	+0.75%	+3.17%	+5.54%	+7.64%	+10.75%	--
Worst in Short Duration	−0.34%	−0.09%	+2.15%	−3.88%	−1.14%	+6.01%	--
Rank in Short Duration	25/25	23/24	20/24	22/23	15/23	12/20	--

Category rows compare the Direct plans of 25 Short Duration funds. Rank 1 is the highest return. The fund house names no benchmark we can show, so the category average is the comparison.

Mirae Asset Short Term Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+3.05%	+2.33%
2025	+8.28%	+7.37%
2024	+8.48%	+7.57%
2023	+7.20%	+6.32%
2022	+3.92%	+3.07%
2021	+3.97%	+3.11%

Mirae Asset Short Term Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 1,357 periods, one for each trading day from 19-03-2021 to 30-10-2026.

0%2%4%6%8%10%

Aug 2018
to
Aug 2021Aug 2019
to
Aug 2022Jul 2020
to
Jul 2023Jul 2021
to
Jul 2024Jun 2022
to
Jun 2025May 2023
to
May 2026

Mirae Asset Short Term Fund (Direct)Category average, 25 Short Duration funds

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	1,844	7.4%	2.5%	11.2%	0%	7.2%	56%
2 years	1,601	7.4%	3.8%	10.3%	0%	7.2%	60%
3 years	1,357	6.8%	4.8%	8.8%	0%	6.8%	50%
5 years	872	6.6%	6.2%	7.2%	0%	6.6%	37%
7 years	391	7.2%	6.5%	7.6%	0%	7.0%	87%

Every SIP holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	92	7.4%	1.9%	11.6%	0%	7.1%	62%
2 years	80	7.1%	3.3%	10.9%	0%	6.9%	57%
3 years	68	6.8%	4.4%	9.0%	0%	6.6%	60%
5 years	44	6.7%	5.9%	7.6%	0%	6.7%	43%
7 years	20	7.0%	6.6%	7.4%	0%	6.9%	100%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 25 Short Duration funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.

Mirae Asset Short Term Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	Mirae Asset Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+3.82%	+4.16%
Standard deviation	1.27%	1.17%
Sharpe ratio	-1.13	-0.93
Sortino ratio	-1.47	-1.23
Maximum drawdown	−0.85% (23-10-2026)	−0.75% (02-04-2026)

From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	Mirae Asset Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+7.08%	+6.89%
Standard deviation	1.00%	0.97%
Sharpe ratio	1.05	0.89
Sortino ratio	1.53	1.27
Maximum drawdown	−0.85% (23-10-2026)	−0.75% (02-04-2026)

From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	Mirae Asset Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+6.30%	+6.33%
Standard deviation	0.93%	1.01%
Sharpe ratio	0.53	0.52
Sortino ratio	0.74	0.75
Maximum drawdown	−0.88% (09-05-2022)	−0.98% (06-05-2022)

From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	Mirae Asset Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+6.85%	+6.69%
Standard deviation	1.32%	1.40%
Sharpe ratio	1.17	0.99
Sortino ratio	1.90	1.52
Maximum drawdown	−2.2% (23-03-2020)	−2.3% (23-03-2020)

From daily NAVs, 19-03-2018 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Drawdowns

How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.

−2.5%−2%−1.5%−1%−0.5%0%

20192020202120222023202420252026

Mirae Asset Short Term Fund (Direct)Category average, 25 Short Duration funds

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Mirae Asset Short Term Fund (Direct)	−2.2%	09-03-2020	23-03-2020	27-03-2020	4 days	−0.67%
Category average	−2.3%	06-03-2020	23-03-2020	31-03-2020	8 days	−0.28%

From the Direct plan's daily NAV since 19-03-2018, adjusted for unit splits, and the average of the 25 Short Duration funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

Mirae Asset Short Term Fund vs Other Short Duration Funds

The five Short Duration funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
Bandhan Short Term Fund	1/23	8,680	0.39%	+5.54%	+7.64%	--	--	1.61	2.54	Compare
Axis Short Term Fund	2/23	7,425	0.40%	+4.82%	+7.58%	--	--	1.63	2.53	Compare
Mahindra Manulife Short Term Fund	3/23	79	0.33%	+4.78%	+7.49%	--	--	1.56	2.36	Compare
Bank of India Short Term Fund	4/23	259	0.54%	+4.34%	+7.48%	--	--	1.01	2.34	Compare
ICICI Prudential Short Term Fund	4/23	18,890	0.45%	+4.92%	+7.48%	--	--	1.55	2.34	Compare
Mirae Asset Short Term Fund	15/23	512	0.26%	+3.82%	+7.08%	--	--	1.05	1.53

AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

Mirae Asset Short Term Fund Expense Ratio and Costs

What each plan charges a year, in force from 01-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Short Duration median	Cost rank (1 = cheapest)
Direct	0.20%	0.02%	0.00%	0.04%	0.26%	0.37%	1/25
Regular	0.87%	0.02%	0.00%	0.16%	1.05%	0.99%	15/25

The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Short Duration funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	2.94%	3.82%	0.88%	₹1,02,940	₹1,03,820
3 years	6.19%	7.08%	0.89% a year	₹1,19,743	₹1,22,779
5 years	5.42%	6.30%	0.88% a year	₹1,30,201	₹1,35,727

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

Mirae Asset Short Term Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 19-03-2018 to 30-10-2026: 104 instalments, ₹10,40,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planMirae Asset Short Term Fund (Direct)	₹10,40,000	₹13,89,144	₹3,49,144	6.5%
Regular planMirae Asset Short Term Fund (Regular)	₹10,40,000	₹13,35,464	₹2,95,464	5.7%
Category averageCategory average, 25 Short Duration funds	₹10,40,000	₹13,86,191	₹3,46,191	6.5%

₹0₹5.0 L₹10.0 L₹15.0 L

20192020202120222023202420252026

Direct planMirae Asset Short Term Fund (Direct)Regular planMirae Asset Short Term Fund (Regular)Category averageCategory average, 25 Short Duration fundsAmount invested

From each plan's published NAV (Growth option) and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.

Mirae Asset Short Term Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

95.8%Debt

Asset	Fund	Category
Debt	95.8%	92.0%
Cash and others	4.2%	8.0%

Credit rating

Bonds and money market papers by credit rating, % of the fund. Category: the average of 25 Short Duration funds.

Rating	Fund	Category
Sovereign	18.3%	11.4%
AAA and A1+	68.0%	71.2%
AA	9.5%	9.4%

Mirae Asset Short Term Fund Portfolio Holdings

As on 30-09-2026 · 41 holdings · from the fund house's monthly portfolio

Holdings	Rating	Weight%
6.94% Government of India (MD 11/05/2036) · Government security	Sovereign	8.64%
7.45% Export-Import Bank of India (MD 12/04/2028) · Bond	CRISIL AAA	7.80%
7.06% Government of India (MD 27/07/2041) · Government security	Sovereign	6.64%
7.48% National Bank for Agriculture and Rural Development (MD 15/09/2028) · Bond	CRISIL AAA	5.63%
8.00% Bajaj Finance Ltd. (MD 12/05/2031) · Bond	CRISIL AAA	4.82%
7.53% Bajaj Housing Finance Ltd. (MD 28/09/2029) · Bond	CRISIL AAA	4.79%
6.35% Larsen & Toubro Ltd. (MD 19/06/2028) · Bond	CRISIL AAA	4.78%
7.30% REC Ltd. (MD 01/07/2031) · Bond	CRISIL AAA	4.78%
Small Industries Development Bank of India (MD 11/06/2027) · Certificate of deposit	CRISIL A1+	3.90%
7.54% Knowledge Realty Trust (MD 08/05/2029) · Bond	CRISIL AAA	3.87%
7.01% National Bank for Agriculture and Rural Development (MD 16/03/2029) · Bond	CRISIL AAA	3.83%
8.52% Muthoot Finance Ltd. (MD 07/04/2028) · Bond	CRISIL AA+	2.92%
ICICI Bank Ltd. (MD 25/03/2027)	[ICRA]A1+	2.84%
7.24% Shivshakti Securitisation Trust (MD 28/09/2029)	CRISIL AAA(SO)	2.61%
8.95% Reliance Industries Ltd. (MD 09/11/2028) · Bond	CRISIL AAA	2.00%
7.95% LIC Housing Finance Ltd. (MD 29/01/2028) · Bond	CRISIL AAA	1.95%
8.42% Godrej Industries Ltd. (MD 27/12/2027) · Bond	CRISIL AA+	1.95%
8.60% Muthoot Finance Ltd. (MD 02/03/2028) · Bond	CRISIL AA+	1.95%
7.80% Bajaj Finance Ltd. (MD 10/12/2027) · Bond	CRISIL AAA	1.95%
7.86% Tata Capital Housing Finance Ltd. (MD 21/09/2029) · Bond	CRISIL AAA	1.94%
7.30% Bharti Telecom Ltd. (MD 01/12/2027) · Bond	CRISIL AAA	1.93%
7.79% Small Industries Development Bank of India (MD 19/04/2027) · Bond	CRISIL AAA	0.98%
7.73% Larsen & Toubro Ltd. (MD 28/04/2028) · Bond	CRISIL AAA	0.98%
8.02% Cholamandalam Investment & Finance Co. Ltd. (MD 27/02/2029) · Bond	[ICRA]AA+	0.98%
7.56% India Infrastructure Finance Company Ltd. (MD 20/03/2028) · Bond	IND AAA	0.97%
7.60% Poonawalla Fincorp Ltd. (MD 28/05/2027) · Bond	CRISIL AAA	0.97%
8.60% Manappuram Finance Ltd. (MD 27/03/2028) · Bond	CRISIL AA	0.97%
7.83% Bajaj Housing Finance Ltd. (MD 18/05/2029) · Bond	CRISIL AAA	0.97%
7.42% Power Finance Corporation Ltd. (MD 08/09/2032) · Bond	CRISIL AAA	0.96%
7.18% Government of India (MD 14/08/2033) · Government security	Sovereign	0.78%
8.20% Cholamandalam Investment & Finance Co. Ltd. (MD 17/02/2028) · Bond	[ICRA]AA+	0.78%
7.42% Power Finance Corporation Ltd. (MD 15/04/2028) · Bond	CRISIL AAA	0.78%
7.30% Kotak Mahindra Prime Ltd. (MD 22/09/2028)	CRISIL AAA	0.77%
6.87% REC Ltd. (MD 31/05/2030) · Bond	[ICRA]AAA	0.76%
6.48% Government of India (MD 06/10/2035) · Government security	Sovereign	0.67%
7.10% Government of India (MD 08/04/2034) · Government security	Sovereign	0.63%
Corporate Debt Market Development Fund - Class A2		0.58%
7.75% State Government of Karnataka (MD 01/03/2027) · State government security	Sovereign	0.49%
8.04% Bajaj Housing Finance Ltd. (MD 18/01/2027) · Bond	CRISIL AAA	0.49%
8.20% State Government of Uttarakhand (MD 09/05/2028) · State government security	Sovereign	0.20%
7.32% Government of India (MD 13/11/2030) · Government security	Sovereign	0.20%

Mirae Asset Short Term Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
Mirae Asset Corporate Bond FundCorporate Bond · Mirae Asset	32.6%	16	Compare
Mirae Asset Dynamic Term FundDynamic Bond · Mirae Asset	26.4%	6	Compare
Mirae Asset Ultra Short to Short Term FundLow Duration · Mirae Asset	22.8%	21	Compare
Aditya Birla Sun Life Corporate Bond FundCorporate Bond · Aditya Birla Sun Life	19.9%	13	Compare
Mirae Asset Banking and PSU Debt FundBanking & PSU · Mirae Asset	17.8%	9	Compare
Tata Short Term FundShort Duration · Tata	17.5%	7	Compare
DSP Short Term FundShort Duration · DSP	16.6%	8	Compare
TRUSTMF Short Term FundShort Duration · Trust	15.6%	4	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

Mirae Asset Short Term Fund Overview

Fund facts from the scheme summary document

Expense ratio (Direct): 0.26%
Expense ratio (Regular): 1.05%
Category: Short Duration
Risk: Not available
Benchmark: Not available
Launch date: Not available
Minimum investment: Not available
Minimum additional investment: Not available
AUM: ₹512.08 Cr (30-09-2026)
Lock in: Not available
Scheme code (Direct): 142641
ISIN (Direct): INF769K01DX6
Scheme code (Regular): 142642
ISIN (Regular): INF769K01DU2
NAV history: From 19-03-2018, 8.6 years

Exit load: Not available

Tax on Mirae Asset Short Term Fund returns

Mirae Asset Short Term Fund is taxed as a debt fund: 65% or more of it is in bonds and money market papers.
For units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold the units.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹17.7459	30-10-2026
direct	IDCW	₹17.6961	30-10-2026
regular	Growth	₹16.5443	30-10-2026
regular	IDCW	₹16.5479	30-10-2026

About Mirae Asset Short Term Fund

Mirae Asset Short Term Fund is a mutual fund from Mirae Asset Mutual Fund. Its category is Short Duration. At the end of September 2026 it held 41 securities.

Fund Manager

Not available

See all funds of Mirae Asset Mutual Fund

AUM change

September 2026: ₹512.08 Cr; −1.17% from August 2026
August 2026: ₹518.14 Cr; −1.45% from July 2026
July 2026: ₹525.74 Cr; −3.18% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare Mirae Asset Short Term Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

Mirae Asset Short Term vs Bandhan Short TermShort Duration
Mirae Asset Short Term vs Axis Short TermShort Duration
Mirae Asset Short Term vs Mahindra Manulife Short TermShort Duration
Mirae Asset Short Term vs Bank of India Short TermShort Duration
Mirae Asset Short Term vs ICICI Prudential Short TermShort Duration
Mirae Asset Short Term vs Mirae Asset Corporate Bond32.6% overlap
Mirae Asset Short Term vs Mirae Asset Dynamic Term26.4% overlap
Mirae Asset Short Term vs Mirae Asset Ultra Short to Short Term22.8% overlap

Compare with any other fund

Frequently Asked Questions for Mirae Asset Short Term Fund

What is the current NAV of Mirae Asset Short Term Fund?

The Direct plan NAV is ₹17.7459. The Regular plan NAV is ₹16.5443, as on 30-10-2026.

What are the returns of Mirae Asset Short Term Fund?

The Direct plan returned +3.82% in 1 year, +7.08% a year over 3 years, +6.30% a year over 5 years. The Regular plan returned +2.94% in 1 year, +6.19% a year over 3 years, +5.42% a year over 5 years. These figures are as on 30-10-2026.

What is the expense ratio of Mirae Asset Short Term Fund?

The Direct plan charges 0.26% a year. The Regular plan charges 1.05% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.

What is the AUM of Mirae Asset Short Term Fund?

Mirae Asset Short Term Fund managed ₹512.08 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Mirae Asset Short Term Fund?

At the end of September 2026 the largest holdings were 6.94% Government of India (MD 11/05/2036) (8.64%), 7.45% Export-Import Bank of India (MD 12/04/2028) (7.80%), 7.06% Government of India (MD 27/07/2041) (6.64%), 7.48% National Bank for Agriculture and Rural Development (MD 15/09/2028) (5.63%), 8.00% Bajaj Finance Ltd. (MD 12/05/2031) (4.82%). The fund held 41 securities in all.

How do I invest in Mirae Asset Short Term Fund?

Through Mirae Asset Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. You can invest once or through a monthly SIP.

How does Mirae Asset Short Term Fund rank in its category?

The Direct plan ranks 15 of 23 Short Duration funds by its 3 year return. The category average is +6.88% a year.

What is the difference between the Direct and Regular plan of Mirae Asset Short Term Fund?

Both plans hold the same investments. The Regular plan pays a commission to the distributor who sold it, so it charges more. The Direct plan charges 0.26% a year and the Regular plan 1.05%. The lower charge is why the Direct plan's NAV is higher.

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document.

This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.