Mirae Asset Ultra Short Duration Fund Regular Growth
DebtUltra Short DurationLow to Moderate Risk
Regular
NAV (05-Sep-24)
₹1230.630.02%1D
Returns (Since Inception)
5.45%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹1,687 Cr
Expense Ratio
0.47%
ISIN
INF769K01GH2
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
07 Oct 2020
About this fund
Mirae Asset Ultra Short Duration Fund Regular Growth is a Ultra Short Duration mutual fund schemes offered by Mirae Asset India Mutual Fund. This fund has been in existence for 3 years and 11 months, having been launched on 07-Oct-20.
As of 05-Sep-24, it has a Net Asset Value (NAV) of ₹1230.63, Assets Under Management (AUM) of 1686.54 Crores, and an expense ratio of 0.47%.
As of 05-Sep-24, it has a Net Asset Value (NAV) of ₹1230.63, Assets Under Management (AUM) of 1686.54 Crores, and an expense ratio of 0.47%.
- Mirae Asset Ultra Short Duration Fund Regular Growth has given a CAGR return of 5.45% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 32.15% in debts, and 67.64% in cash & cash equivalents.
- You can start investing in Mirae Asset Ultra Short Duration Fund Regular 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
+7.48%
+6.46% (Cat Avg.)
3 Years
+6.03%
+5.54% (Cat Avg.)
Since Inception
+5.45%
— (Cat Avg.)
Portfolio Summaryas of 15th August 2024
| Debt | ₹542.16 Cr | 32.15% |
| Others | ₹1,144.39 Cr | 67.85% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Axis Bank Limited | Cash - CD/Time Deposit | ₹112.62 Cr | 6.68% |
| 182 DTB 28112024 | Bond - Gov't/Treasury | ₹93.25 Cr | 5.53% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹88 Cr | 5.22% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹68.28 Cr | 4.05% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹63.57 Cr | 3.77% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹58.68 Cr | 3.48% |
| Canara Bank | Cash - CD/Time Deposit | ₹48.82 Cr | 2.89% |
| Rec Limited | Bond - Corporate Bond | ₹41.81 Cr | 2.48% |
| Ongc Petro Additions Limited 8.12% | Bond - Corporate Bond | ₹40 Cr | 2.37% |
| Ongc Petro Additions Limited | Bond - Corporate Bond | ₹39.95 Cr | 2.37% |
| Treps | Cash - Repurchase Agreement | ₹38.1 Cr | 2.26% |
| National Bank For Agriculture And Rural Development | Cash - Commercial Paper | ₹37.56 Cr | 2.23% |
| India (Republic of) | Bond - Short-term Government Bills | ₹34.74 Cr | 2.06% |
| Canara Bank | Cash - CD/Time Deposit | ₹34.16 Cr | 2.03% |
| 364 DTB 12122024 | Bond - Gov't/Treasury | ₹31.33 Cr | 1.86% |
| Motilal Oswal Finvest Limited | Cash - Commercial Paper | ₹25 Cr | 1.48% |
| Bajaj Finance Limited | Bond - Corporate Bond | ₹24.95 Cr | 1.48% |
| Shriram Transport Finance Company Limited | Cash - Commercial Paper | ₹24.87 Cr | 1.47% |
| Kotak Mahindra Prime Limited | Bond - Corporate Bond | ₹24.86 Cr | 1.47% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹24.84 Cr | 1.47% |
| Godrej Industries | Cash - Commercial Paper | ₹24.7 Cr | 1.46% |
| IDBI Bank Limited | Cash - CD/Time Deposit | ₹24.67 Cr | 1.46% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹24.57 Cr | 1.46% |
| 182 DTB 12122024 | Bond - Gov't/Treasury | ₹24.47 Cr | 1.45% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹24.42 Cr | 1.45% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹24.34 Cr | 1.44% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹24.04 Cr | 1.43% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹24.03 Cr | 1.42% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹23.98 Cr | 1.42% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹23.86 Cr | 1.41% |
| Small Industries Development Bank Of India | Cash - Commercial Paper | ₹23.46 Cr | 1.39% |
| Kotak Mahindra Bank Limited | Cash - CD/Time Deposit | ₹23.34 Cr | 1.38% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹23.34 Cr | 1.38% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹19.98 Cr | 1.18% |
| Angel One Limited | Cash - Commercial Paper | ₹19.87 Cr | 1.18% |
| Angel Broking Limited | Cash - Commercial Paper | ₹19.44 Cr | 1.15% |
| Cholamandalam Investment & Finance Co Ltd. | Cash - Commercial Paper | ₹19.37 Cr | 1.15% |
| Small Industries Development Bank Of India | Cash - Commercial Paper | ₹19.22 Cr | 1.14% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹19.09 Cr | 1.13% |
| Motilal Oswal Financial Services Ltd | Cash - Commercial Paper | ₹19.06 Cr | 1.13% |
| Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | Cash - CD/Time Deposit | ₹18.96 Cr | 1.12% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹18.85 Cr | 1.12% |
| Canara Bank | Cash - CD/Time Deposit | ₹18.24 Cr | 1.08% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹18.06 Cr | 1.07% |
| Net Receivables / (Payables) | Cash - Collateral | ₹-17.38 Cr | 1.03% |
| Hero Fincorp Limited | Bond - Corporate Bond | ₹15.04 Cr | 0.89% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹15.02 Cr | 0.89% |
| 91 DTB 26092024 | Bond - Gov't/Treasury | ₹14.89 Cr | 0.88% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹14.87 Cr | 0.88% |
| Canara Bank | Cash - CD/Time Deposit | ₹14.67 Cr | 0.87% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹14.44 Cr | 0.86% |
| Shriram Transport Finance Company Limited | Cash - Commercial Paper | ₹14.42 Cr | 0.85% |
| ICICI Securities Limited | Cash - Commercial Paper | ₹14.4 Cr | 0.85% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹13.44 Cr | 0.80% |
| LIC Housing Finance Limited | Bond - Corporate Bond | ₹9.99 Cr | 0.59% |
| Motilal Oswal Financial Services Limited | Cash - Commercial Paper | ₹9.99 Cr | 0.59% |
| Au Small Finance Bank Limited | Cash - CD/Time Deposit | ₹9.96 Cr | 0.59% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹9.92 Cr | 0.59% |
| Indostar Capital Finance Limited | Cash - Commercial Paper | ₹9.81 Cr | 0.58% |
| 08.16 JH Sdl 2025 | Bond - Gov't/Treasury | ₹5.02 Cr | 0.30% |
| 08.14 KL Sdl 2025 | Bond - Gov't/Treasury | ₹5.02 Cr | 0.30% |
| 08.17 Wb SDL 2024 | Bond - Gov't/Treasury | ₹5.02 Cr | 0.30% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹5 Cr | 0.30% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹4.98 Cr | 0.30% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹4.98 Cr | 0.30% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹4.96 Cr | 0.29% |
| ICICI Securities Limited | Cash - Commercial Paper | ₹4.78 Cr | 0.28% |
| Class A2 units of Alternative Investment Fund Units # | Mutual Fund - Open End | ₹3.62 Cr | 0.21% |
| Indian Bank | Bond - Gov't Agency Debt | ₹0.96 Cr | 0.06% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - CD/Time Deposit | ₹771.04 Cr | 45.72% |
| Bond - Corporate Bond | ₹377.09 Cr | 22.36% |
| Cash - Commercial Paper | ₹299.38 Cr | 17.75% |
| Bond - Gov't/Treasury | ₹179 Cr | 10.61% |
| Cash - Repurchase Agreement | ₹38.1 Cr | 2.26% |
| Bond - Short-term Government Bills | ₹34.74 Cr | 2.06% |
| Cash - Collateral | ₹-17.38 Cr | 1.03% |
| Mutual Fund - Open End | ₹3.62 Cr | 0.21% |
| Bond - Gov't Agency Debt | ₹0.96 Cr | 0.06% |
Risk & Performance Ratios
Standard Deviation
This fund
0.52%
Cat. avg.
0.75%
Lower the better
Sharpe Ratio
This fund
0.29
Cat. avg.
-0.82
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.38
Higher the better
Fund Managers
BB
Basant Bafna
Since January 2023
Additional Scheme Detailsas of 15th August 2024
ISIN | INF769K01GH2 | Expense Ratio | 0.47% | Exit Load | No Charges | Fund Size | ₹1,687 Cr | Age | 07 Oct 2020 | 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:
- For investments made on or after 1 April 2023: The entire capital gain is added to the investor's income and is taxed based on the applicable income tax slab.
- For investments made before 1 April 2023:
- If sold within 2 years of investment: The capital gains are added to the investor's income and taxed according to the applicable tax slab.
- If sold after 2 years of investment: The capital gains are taxed at a flat rate of 12.5%.
- Holding the units: No tax is applicable as long as you hold the units.
Dividend Taxation:
Dividends are considered part of the investor’s income and are taxed according to their applicable tax slab. Additionally, if an investor’s dividend income exceeds INR 5,000 in a financial year, a 10% Tax Deducted at Source (TDS) is withheld by the fund house before distributing the dividend.
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% | ₹236.10 Cr | 6.7% |
| Canara Robeco Ultra Short Term Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹551.95 Cr | 6.6% |
| Baroda BNP Paribas Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.5% | 0.0% | ₹1247.36 Cr | 7.3% |
| Baroda BNP Paribas Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹1247.36 Cr | 7.5% |
| LIC MF Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹195.99 Cr | 7.4% |
| LIC MF Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹195.99 Cr | 6.6% |
| UTI Ultra Short Term Fund Regular Growth Moderate Risk | 1.0% | 0.0% | ₹2139.50 Cr | 7.0% |
| Nippon India Ultra Short Duration Fund Regular Growth Moderate Risk | 1.1% | 0.0% | ₹7599.90 Cr | 7.0% |
| Mahindra Manulife Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.7% | 0.0% | ₹250.38 Cr | 7.1% |
| Mahindra Manulife Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹250.38 Cr | 7.6% |
About the AMC
Total AUM
₹1,93,693 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 Regular Growth?
The NAV of Mirae Asset Ultra Short Duration Fund Regular Growth, as of 05-Sep-2024, is ₹1230.63.
What are the returns of Mirae Asset Ultra Short Duration Fund Regular Growth?
The fund has generated 7.48% over the last 1 year and 6.03% 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 Regular Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 32.15% in bonds, and 67.64% in cash and cash equivalents.
Who manages the Mirae Asset Ultra Short Duration Fund Regular Growth?
The fund managers responsible for Mirae Asset Ultra Short Duration Fund Regular 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 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.