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Mirae Asset Ultra Short Duration Fund Direct Growth
DebtUltra Short DurationLow to Moderate Risk
Direct
NAV (21-Nov-24)
₹1261.440.03%1D
Returns (Since Inception)
5.79%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹1,585 Cr
Expense Ratio
0.21%
ISIN
INF769K01GK6
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
07 Oct 2020
About this fund
Mirae Asset Ultra Short Duration Fund Direct Growth is a Ultra Short Duration mutual fund schemes offered by Mirae Asset India Mutual Fund. This fund has been in existence for 4 years, 1 months and 15 days, having been launched on 07-Oct-20.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹1261.44, Assets Under Management (AUM) of 1584.59 Crores, and an expense ratio of 0.21%.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹1261.44, Assets Under Management (AUM) of 1584.59 Crores, and an expense ratio of 0.21%.
- Mirae Asset Ultra Short Duration Fund Direct Growth has given a CAGR return of 5.79% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 46.26% in debts, and 53.51% in cash & cash equivalents.
- You can start investing in Mirae Asset Ultra Short Duration Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+7.91%
+6.45% (Cat Avg.)
3 Years
+6.58%
+5.73% (Cat Avg.)
Since Inception
+5.79%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2024
| Debt | ₹733.07 Cr | 46.26% |
| Others | ₹851.52 Cr | 53.74% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Net Receivables / (Payables) | Cash | ₹-172.97 Cr | 10.92% |
| Treps | Cash - Repurchase Agreement | ₹101.68 Cr | 6.42% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹80.14 Cr | 5.06% |
| Bank Of Baroda (15/05/2025) ** # | Cash | ₹72.16 Cr | 4.55% |
| Canara Bank (16/01/2025) ** # | Cash | ₹68.97 Cr | 4.35% |
| LIC Housing Finance Limited | Bond - Corporate Bond | ₹49.83 Cr | 3.14% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹49.82 Cr | 3.14% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹49.71 Cr | 3.14% |
| Embassy Office Parks Reit (14/02/2025) ** | Cash | ₹48.94 Cr | 3.09% |
| Punjab National Bank (25/02/2025) # | Cash | ₹48.87 Cr | 3.08% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹45.32 Cr | 2.86% |
| 182 DTB 28112024 | Bond - Gov't/Treasury | ₹44.79 Cr | 2.83% |
| Ongc Petro Additions Limited | Bond - Corporate Bond | ₹40.01 Cr | 2.53% |
| National Bank For Agriculture And Rural Development (24/06/2025) ** # | Cash | ₹38.18 Cr | 2.41% |
| 364 DTB 28112024 | Bond - Gov't/Treasury | ₹34.83 Cr | 2.20% |
| Bank Of Baroda (25/02/2025) ** # | Cash | ₹34.22 Cr | 2.16% |
| 364 DTB 12122024 | Bond - Gov't/Treasury | ₹31.77 Cr | 2.00% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹29.97 Cr | 1.89% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹29.97 Cr | 1.89% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹29.44 Cr | 1.86% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹29.41 Cr | 1.86% |
| Hdb Financial Services Limited | Bond - Corporate Bond | ₹28.69 Cr | 1.81% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹25.04 Cr | 1.58% |
| Hero Fincorp Limited | Bond - Corporate Bond | ₹25.03 Cr | 1.58% |
| Motilal Oswal Finvest Limited | Cash - Commercial Paper | ₹25 Cr | 1.58% |
| Export Import Bank Of India | Bond - Corporate Bond | ₹24.94 Cr | 1.57% |
| 182 DTB 12122024 | Bond - Gov't/Treasury | ₹24.82 Cr | 1.57% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹24.76 Cr | 1.56% |
| Export Import Bank Of India (24/01/2025) | Cash | ₹24.59 Cr | 1.55% |
| Punjab National Bank (06/02/2025) ** # | Cash | ₹24.53 Cr | 1.55% |
| Export Import Bank Of India (11/02/2025) | Cash | ₹24.5 Cr | 1.55% |
| Hdfc Bank Limited (28/02/2025) ** # | Cash | ₹24.43 Cr | 1.54% |
| Punjab National Bank (02/04/2025) ** # | Cash | ₹24.25 Cr | 1.53% |
| Small Industries Dev Bank Of India (26/06/2025) ** | Cash | ₹23.85 Cr | 1.51% |
| Punjab National Bank (10/07/2025) ** # | Cash | ₹23.78 Cr | 1.50% |
| Kotak Mahindra Bank Limited (24/07/2025) ** # | Cash | ₹23.72 Cr | 1.50% |
| Axis Bank Limited (10/10/2025) ** # | Cash | ₹23.34 Cr | 1.47% |
| LIC Housing Finance Limited | Bond - Corporate Bond | ₹22.1 Cr | 1.39% |
| 364 DTB 21112024 | Bond - Gov't/Treasury | ₹19.93 Cr | 1.26% |
| Angel One Limited (13/12/2024) ** | Cash | ₹19.79 Cr | 1.25% |
| Small Industries Dev Bank Of India (27/02/2025) ** # | Cash | ₹19.54 Cr | 1.23% |
| Small Industries Dev Bank Of India (28/02/2025) ** | Cash | ₹19.54 Cr | 1.23% |
| Motilal Oswal Financial Services Limited (14/03/2025) ** | Cash | ₹19.42 Cr | 1.23% |
| Kotak Mahindra Bank Limited (09/05/2025) ** # | Cash | ₹19.26 Cr | 1.22% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹19.16 Cr | 1.21% |
| Canara Bank (06/03/2025) ** # | Cash | ₹18.54 Cr | 1.17% |
| Rec Limited | Bond - Corporate Bond | ₹16.96 Cr | 1.07% |
| Embassy Office Parks Reit | Bond - Corporate Bond | ₹15 Cr | 0.95% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹14.91 Cr | 0.94% |
| Export Import Bank Of India | Bond - Corporate Bond | ₹14.82 Cr | 0.94% |
| Shriram Finance Limited (14/02/2025) ** | Cash | ₹14.66 Cr | 0.93% |
| Cholamandalam Investment And Finance Company Ltd (21/02/2025) | Cash | ₹14.65 Cr | 0.92% |
| Birla Group Holdings Private Limited (14/02/2025) ** | Cash | ₹13.69 Cr | 0.86% |
| LIC Housing Finance Limited | Bond - Corporate Bond | ₹10.01 Cr | 0.63% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹9.99 Cr | 0.63% |
| 91 DTB 21112024 | Bond - Gov't/Treasury | ₹9.96 Cr | 0.63% |
| Power Finance Corporation Ltd. | Bond - Corporate Bond | ₹9.96 Cr | 0.63% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹9.92 Cr | 0.63% |
| 364 DTB 26122024 | Bond - Gov't/Treasury | ₹9.9 Cr | 0.62% |
| Rec Limited | Bond - Corporate Bond | ₹9.81 Cr | 0.62% |
| 08.14 KL Sdl 2025 | Bond - Gov't/Treasury | ₹5.01 Cr | 0.32% |
| 08.16 JH Sdl 2025 | Bond - Gov't/Treasury | ₹5.01 Cr | 0.32% |
| 08.17 Wb SDL 2024 | Bond - Gov't/Treasury | ₹5.01 Cr | 0.32% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹5 Cr | 0.32% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹4.97 Cr | 0.31% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹4.97 Cr | 0.31% |
| 182 DTB 20022025 | Bond - Gov't/Treasury | ₹4.9 Cr | 0.31% |
| Hdfc Bank Limited (06/03/2025) ** # | Cash | ₹4.88 Cr | 0.31% |
| Icici Securities Limited (18/03/2025) ** | Cash | ₹4.86 Cr | 0.31% |
| Class A2 units of Alternative Investment Fund Units # | Mutual Fund - Open End | ₹3.65 Cr | 0.23% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹3.51 Cr | 0.22% |
| Indian Bank (13/03/2025) ** # | Cash | ₹0.97 Cr | 0.06% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash | ₹525.15 Cr | 54.97% |
| Bond - Corporate Bond | ₹733.17 Cr | 46.27% |
| Bond - Gov't/Treasury | ₹195.94 Cr | 12.37% |
| Cash - Repurchase Agreement | ₹101.68 Cr | 6.42% |
| Cash - Commercial Paper | ₹25 Cr | 1.58% |
| Mutual Fund - Open End | ₹3.65 Cr | 0.23% |
| Bond - Gov't Agency Debt | ₹0 Cr | - |
| Cash - CD/Time Deposit | ₹0 Cr | - |
Risk & Performance Ratios
Standard Deviation
This fund
0.48%
Cat. avg.
0.70%
Lower the better
Sharpe Ratio
This fund
1.55
Cat. avg.
-0.63
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.35
Higher the better
Fund Managers
BB
Basant Bafna
Since January 2023
Additional Scheme Detailsas of 31st October 2024
ISIN INF769K01GK6 | Expense Ratio 0.21% | Exit Load No Charges | Fund Size ₹1,585 Cr | Age 4 years 1 month | Lumpsum Minimum ₹5,000 | Fund Status Open Ended Investment Company | Benchmark NIFTY Ultra Short Duration Debt TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Ultra Short Duration Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| PGIM India Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹242.78 Cr | 6.9% |
| Canara Robeco Ultra Short Term Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹627.14 Cr | 6.8% |
| Baroda BNP Paribas Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.5% | 0.0% | ₹1304.45 Cr | 7.5% |
| Baroda BNP Paribas Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹1304.45 Cr | 7.6% |
| LIC MF Ultra Short Duration Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹246.19 Cr | 7.6% |
| LIC MF Ultra Short Duration Fund Regular Growth Moderate Risk | 0.9% | 0.0% | ₹246.19 Cr | 6.8% |
| UTI Ultra Short Term Fund Regular Growth Moderate Risk | 0.9% | 0.0% | ₹3046.30 Cr | 7.2% |
| Nippon India Ultra Short Duration Fund Regular Growth Moderate Risk | 1.1% | 0.0% | ₹8313.36 Cr | 7.2% |
| Mahindra Manulife Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.7% | 0.0% | ₹229.27 Cr | 7.3% |
| Mahindra Manulife Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹229.27 Cr | 7.8% |
About the AMC
Mirae Asset India Mutual Fund
Total AUM
₹1,99,057 Cr
Address
Unit No. 606, 6th Floor, Mumbai, 400 098
Other Funds by Mirae Asset India Mutual Fund
Risk Level
Your principal amount will be at Low to Moderate Risk
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What is the current NAV of Mirae Asset Ultra Short Duration Fund Direct Growth?
The NAV of Mirae Asset Ultra Short Duration Fund Direct Growth, as of 21-Nov-2024, is ₹1261.44.
What are the returns of Mirae Asset Ultra Short Duration Fund Direct Growth?
The fund has generated 7.91% over the last 1 year and 6.58% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Mirae Asset Ultra Short Duration Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 46.26% in bonds, and 53.51% in cash and cash equivalents.
Who manages the Mirae Asset Ultra Short Duration Fund Direct Growth?
The fund managers responsible for Mirae Asset Ultra Short Duration Fund Direct Growth are:-
- Basant Bafna
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.