Mirae Asset Ultra Short Duration Fund Direct Growth

Fund Overview

Fund Size

₹1,464 Cr

Expense Ratio

0.20%

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 3 years, 7 months and 11 days, having been launched on 07-Oct-20.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹1213.13, Assets Under Management (AUM) of 1463.94 Crores, and an expense ratio of 0.2%.

Mirae Asset Ultra Short Duration Fund Direct Growth has given a CAGR return of 5.50% since inception.
The fund's asset allocation comprises around 0.00% in equities, 35.76% in debts, and 64.14% 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

+7.59%

+6.12% (Cat Avg.)

3 Years

+5.86%

+5.13% (Cat Avg.)

Since Inception

+5.50%

— (Cat Avg.)

Portfolio Summaryas of 30th April 2024

Debt	₹523.53 Cr	35.76%
Others	₹940.41 Cr	64.24%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
India (Republic of)	Bond - Short-term Government Bills	₹73.12 Cr	4.99%
NTPC Ltd.	Cash - Commercial Paper	₹72.92 Cr	4.98%
HDFC Bank Limited	Cash - CD/Time Deposit	₹59.38 Cr	4.06%
LIC Housing Finance Ltd	Bond - Corporate Bond	₹49.88 Cr	3.41%
Bank Of Baroda	Cash - CD/Time Deposit	₹49.58 Cr	3.39%
Kotak Mahindra Bank Ltd.	Bond - Corporate Bond	₹48.54 Cr	3.32%
India (Republic of)	Bond - Short-term Government Bills	₹43.93 Cr	3.00%
Rec Limited	Bond - Corporate Bond	₹41.7 Cr	2.85%
Axis Bank Limited	Cash - CD/Time Deposit	₹35.97 Cr	2.46%
Ongc Petro Additions Limited	Bond - Corporate Bond	₹35.06 Cr	2.40%
India (Republic of)	Bond - Short-term Government Bills	₹34.03 Cr	2.32%
ICICI Bank Limited	Cash - CD/Time Deposit	₹33.75 Cr	2.31%
Indian Bank	Bond - Gov't Agency Debt	₹29.09 Cr	1.99%
ICICI Bank Limited	Cash - CD/Time Deposit	₹28.72 Cr	1.96%
Embassy Office Parks Reit	Bond - Corporate Bond	₹26.82 Cr	1.83%
TATA Motors Limited	Bond - Corporate Bond	₹25.06 Cr	1.71%
LIC Housing Finance Ltd	Bond - Corporate Bond	₹24.99 Cr	1.71%
Motilal Oswal Finvest Limited	Cash - Commercial Paper	₹24.99 Cr	1.71%
Bharti Telecom Limited	Bond - Corporate Bond	₹24.98 Cr	1.71%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹24.87 Cr	1.70%
Bank Of Baroda	Cash - CD/Time Deposit	₹24.83 Cr	1.70%
Small Industries Development Bank Of India	Cash - CD/Time Deposit	₹24.82 Cr	1.70%
Icici Securities Limited	Cash - Commercial Paper	₹24.79 Cr	1.69%
182 DTB 20062024	Bond - Gov't/Treasury	₹24.76 Cr	1.69%
Motilal Oswal Financial Services Ltd	Cash - Commercial Paper	₹24.73 Cr	1.69%
Motilal Oswal Financial Services Ltd	Cash - Commercial Paper	₹24.6 Cr	1.68%
Godrej Industries	Cash - Commercial Paper	₹24.59 Cr	1.68%
Axis Bank Limited	Cash - CD/Time Deposit	₹24.4 Cr	1.67%
ICICI Bank Limited	Cash - CD/Time Deposit	₹24.31 Cr	1.66%
Axis Bank Limited	Cash - CD/Time Deposit	₹24.31 Cr	1.66%
National Bank For Agriculture And Rural Development	Cash - CD/Time Deposit	₹24.04 Cr	1.64%
Small Industries Development Bank Of India	Cash - CD/Time Deposit	₹23.89 Cr	1.63%
National Bank For Agriculture And Rural Development	Cash - CD/Time Deposit	₹23.52 Cr	1.61%
HDFC Bank Limited	Cash - CD/Time Deposit	₹23.52 Cr	1.61%
Muthoot Finance Limited	Bond - Corporate Bond	₹19.98 Cr	1.36%
360 One Prime Ltd.	Cash - Commercial Paper	₹19.8 Cr	1.35%
Cholamandalam Investment & Finance Co Ltd.	Cash - Commercial Paper	₹18.94 Cr	1.29%
Motilal Oswal Financial Services Ltd	Cash - Commercial Paper	₹18.6 Cr	1.27%
Bharti Telecom Limited	Bond - Corporate Bond	₹18.01 Cr	1.23%
LIC Housing Finance Ltd	Bond - Corporate Bond	₹14.72 Cr	1.01%
Axis Bank Limited	Cash - CD/Time Deposit	₹14.25 Cr	0.97%
Kotak Mahindra Bank Ltd.	Bond - Corporate Bond	₹14.21 Cr	0.97%
HDFC Bank Ltd.	Bond - Corporate Bond	₹14.13 Cr	0.97%
HDFC Bank Limited	Cash - CD/Time Deposit	₹14.07 Cr	0.96%
Birla Group Holdings Private Limited	Cash - Commercial Paper	₹13.14 Cr	0.90%
Angel One Limited	Cash - Commercial Paper	₹12.96 Cr	0.89%
Treps	Cash - Repurchase Agreement	₹10.32 Cr	0.71%
Piramal Capital & Housing Finance Ltd.	Cash - Commercial Paper	₹9.99 Cr	0.68%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹9.98 Cr	0.68%
Cholamandalam Investment And Finance Company Limited	Bond - Corporate Bond	₹9.98 Cr	0.68%
Hdb Financial Services Limited	Bond - Corporate Bond	₹9.77 Cr	0.67%
Indostar Capital Finance Limited	Cash - Commercial Paper	₹9.76 Cr	0.67%
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)	Cash - CD/Time Deposit	₹9.75 Cr	0.67%
Motilal Oswal Financial Services Limited	Cash - Commercial Paper	₹9.74 Cr	0.67%
Au Small Finance Bank Limited	Cash - CD/Time Deposit	₹9.74 Cr	0.67%
Shriram Housing Finance Limited	Cash - Commercial Paper	₹9.74 Cr	0.67%
Net Receivables / (Payables)	Cash	₹7.16 Cr	0.49%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹6.46 Cr	0.44%
08.16 JH Sdl 2025	Bond - Gov't/Treasury	₹5.03 Cr	0.34%
08.14 KL Sdl 2025	Bond - Gov't/Treasury	₹5.03 Cr	0.34%
08.17 Wb SDL 2024	Bond - Gov't/Treasury	₹5.03 Cr	0.34%
LIC Housing Finance Ltd	Bond - Corporate Bond	₹5 Cr	0.34%
National Bank For Agriculture And Rural Development	Cash - CD/Time Deposit	₹4.74 Cr	0.32%
Bharti Telecom Limited	Bond - Corporate Bond	₹4.01 Cr	0.27%
Class A2 units of Alternative Investment Fund Units #	Mutual Fund - Open End	₹1.39 Cr	0.09%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Instruments	Amount	Holdings
Cash - CD/Time Deposit	₹477.6 Cr	32.62%
Bond - Corporate Bond	₹428.16 Cr	29.25%
Cash - Commercial Paper	₹319.28 Cr	21.81%
Bond - Short-term Government Bills	₹151.08 Cr	10.32%
Bond - Gov't/Treasury	₹39.85 Cr	2.72%
Bond - Gov't Agency Debt	₹29.09 Cr	1.99%
Cash - Repurchase Agreement	₹10.32 Cr	0.71%
Cash	₹7.16 Cr	0.49%
Mutual Fund - Open End	₹1.39 Cr	0.09%

Risk & Performance Ratios

Standard Deviation

This fund

0.53%

Cat. avg.

0.73%

Lower the better

Sharpe Ratio

This fund

1.02

Cat. avg.

-0.83

Higher the better

Sortino Ratio

This fund

Cat. avg.

-0.13

Higher the better

Fund Managers

Basant Bafna

Since January 2023

Additional Scheme Detailsas of 30th April 2024

	ISIN	INF769K01GK6		Expense Ratio	0.20%		Exit Load	No Charges		Fund Size	₹1,464 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

Withdrawal (irrespective of holding period)

Realised Gain (capital gains) are taxed at your marginal income tax rate

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies 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%	₹240.88 Cr	6.6%
Canara Robeco Ultra Short Term Fund Regular Growth Low to Moderate Risk	0.9%	0.0%	₹525.85 Cr	6.5%
Baroda BNP Paribas Ultra Short Duration Fund Regular Growth Low to Moderate Risk	0.5%	0.0%	₹1259.19 Cr	7.3%
Baroda BNP Paribas Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹1259.19 Cr	7.5%
LIC MF Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹284.82 Cr	6.9%
LIC MF Ultra Short Duration Fund Regular Growth Low to Moderate Risk	0.9%	0.0%	₹284.82 Cr	6.3%
UTI Ultra Short Term Fund Regular Growth Moderate Risk	1.0%	0.0%	₹2349.32 Cr	6.9%
Nippon India Ultra Short Duration Fund Regular Growth Moderate Risk	1.1%	0.0%	₹5653.60 Cr	6.9%
Mahindra Manulife Ultra Short Duration Fund Regular Growth Moderate Risk	0.7%	0.0%	₹220.10 Cr	7.1%
Mahindra Manulife Ultra Short Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹220.10 Cr	7.5%

About the AMC

Mirae Asset India Mutual Fund

022-6780 0300

https://www.miraeassetmf.co.in/

Total AUM

₹1,63,012 Cr

Address

Unit No. 606, 6th Floor, Mumbai, 400 098

Other Funds by Mirae Asset India Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Mirae Asset Multi Asset Allocation Fund Direct Growth High Risk	0.4%	1.0%	₹1406.88 Cr	-
Mirae Asset Great Consumer Fund Direct Growth Very High Risk	0.4%	1.0%	₹3351.36 Cr	37.7%
Mirae Asset Cash Management Direct Growth Low to Moderate Risk	0.1%	0.0%	₹10073.98 Cr	7.4%
Mirae Asset Emerging Bluechip Direct Growth Very High Risk	0.6%	1.0%	₹34974.46 Cr	40.7%
Mirae Asset Large Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹38060.19 Cr	24.0%
Mirae Asset Savings Fund Direct Growth Moderate Risk	0.2%	0.0%	₹594.96 Cr	7.4%
Mirae Asset Money Market Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹145.28 Cr	7.6%
Mirae Asset Focused Fund Direct Growth Very High Risk	0.6%	1.0%	₹8312.74 Cr	18.4%
Mirae Asset Dynamic Bond Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹155.33 Cr	6.6%
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹1570.17 Cr	82.7%
Mirae Asset Hybrid Equity Fund Direct Growth Very High Risk	0.4%	1.0%	₹8545.85 Cr	25.3%
Mirae Asset Equity Allocator Fund of Fund Direct Growth Very High Risk	0.2%	0.0%	₹705.09 Cr	34.9%
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth Very High Risk	0.6%	0.0%	₹111.07 Cr	28.2%
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹531.86 Cr	48.5%
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹795.72 Cr	6.8%
Mirae Asset Ultra Short Duration Fund Direct Growth Moderate Risk	0.2%	0.0%	₹1463.94 Cr	7.6%
Mirae Asset Flexi Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹1815.41 Cr	33.8%
Mirae Asset Banking and Financial Services Fund Direct Growth Very High Risk	0.6%	1.0%	₹1702.61 Cr	24.3%
Mirae Asset Multicap Fund Direct Growth Very High Risk	0.4%	1.0%	₹2683.33 Cr	-
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth Very High Risk	0.5%	0.0%	₹78.52 Cr	60.1%
Mirae Asset Tax Saver Fund Direct Growth Very High Risk	0.6%	0.0%	₹22471.76 Cr	36.2%
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹83.22 Cr	6.8%
Mirae Asset Corporate Bond Fund Direct Growth Moderate Risk	0.2%	0.0%	₹49.85 Cr	6.6%
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth Very High Risk	0.8%	0.0%	₹72.50 Cr	7.2%
Mirae Asset Equity Savings Fund Direct Growth Moderately High risk	0.3%	1.0%	₹1019.74 Cr	17.7%
Mirae Asset Banking and PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹59.30 Cr	6.7%
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth Very High Risk	0.9%	1.0%	₹316.95 Cr	44.0%
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth Very High Risk	2.0%	1.0%	₹95.84 Cr	2.2%
Mirae Asset Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹865.39 Cr	6.8%
Mirae Asset Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹346.19 Cr	7.0%
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹225.99 Cr	6.2%
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹103.31 Cr	6.9%
Mirae Asset Healthcare Fund Direct Growth Very High Risk	0.5%	1.0%	₹2236.01 Cr	52.1%
Mirae Asset Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹1870.00 Cr	8.5%
Mirae Asset Midcap Fund Direct Growth Very High Risk	0.6%	1.0%	₹15139.44 Cr	53.0%
Mirae Asset Balanced Advantage Fund Direct Growth High Risk	0.7%	1.0%	₹1570.06 Cr	22.3%

Risk Level

Your principal amount will be at Moderate Risk

Still got questions?
We're here to help.

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 17-May-2024, is ₹1213.13.

What are the returns of Mirae Asset Ultra Short Duration Fund Direct Growth?

The fund has generated 7.59% over the last 1 year and 5.86% 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, 35.76% in bonds, and 64.14% 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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Mirae Asset Ultra Short Duration Fund Direct Growth

Fund Overview