Mirae Asset Ultra Short Duration Fund Direct Growth
DebtUltra Short DurationModerate Risk
Direct
NAV (25-Jul-24)
₹1231.140.02%1D
Returns (Since Inception)
5.63%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹1,672 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 3 years, 9 months and 19 days, having been launched on 07-Oct-20.
As of 25-Jul-24, it has a Net Asset Value (NAV) of ₹1231.14, Assets Under Management (AUM) of 1672.07 Crores, and an expense ratio of 0.21%.
As of 25-Jul-24, it has a Net Asset Value (NAV) of ₹1231.14, Assets Under Management (AUM) of 1672.07 Crores, and an expense ratio of 0.21%.
- Mirae Asset Ultra Short Duration Fund Direct Growth has given a CAGR return of 5.63% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 22.38% in debts, and 77.40% 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
+7.69%
+6.09% (Cat Avg.)
3 Years
+6.13%
+5.26% (Cat Avg.)
Since Inception
+5.63%
— (Cat Avg.)
Portfolio Summaryas of 15th July 2024
| Debt | ₹374.24 Cr | 22.38% |
| Others | ₹1,297.83 Cr | 77.62% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹92.36 Cr | 5.52% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹87.63 Cr | 5.24% |
| India (Republic of) | Bond - Short-term Government Bills | ₹84.11 Cr | 5.03% |
| Treps | Cash - Repurchase Agreement | ₹71.94 Cr | 4.30% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹67.89 Cr | 4.06% |
| Ongc Petro Additions Limited | Bond - Corporate Bond | ₹60.06 Cr | 3.59% |
| Canara Bank | Cash - CD/Time Deposit | ₹48.55 Cr | 2.90% |
| India (Republic of) | Bond - Short-term Government Bills | ₹44.59 Cr | 2.67% |
| Net Receivables / (Payables) | Cash - Collateral | ₹-42.47 Cr | 2.54% |
| Rec Limited | Bond - Corporate Bond | ₹41.81 Cr | 2.50% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹38.9 Cr | 2.33% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹38.89 Cr | 2.33% |
| National Bank For Agriculture And Rural Development | Cash - Commercial Paper | ₹37.33 Cr | 2.23% |
| India (Republic of) | Bond - Short-term Government Bills | ₹34.55 Cr | 2.07% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹34.29 Cr | 2.05% |
| Embassy Office Parks Reit | Bond - Corporate Bond | ₹31.9 Cr | 1.91% |
| Motilal Oswal Finvest Limited | Cash - Commercial Paper | ₹25 Cr | 1.50% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹25 Cr | 1.50% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹24.99 Cr | 1.49% |
| Godrej Industries | Cash - Commercial Paper | ₹24.97 Cr | 1.49% |
| Kotak Mahindra Prime Limited | Bond - Corporate Bond | ₹24.85 Cr | 1.49% |
| 360 One Prime Limited | Cash - Commercial Paper | ₹24.84 Cr | 1.49% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹24.83 Cr | 1.48% |
| Shriram Transport Finance Company Limited | Cash - Commercial Paper | ₹24.7 Cr | 1.48% |
| Godrej Industries | Cash - Commercial Paper | ₹24.55 Cr | 1.47% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹24.53 Cr | 1.47% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹24.41 Cr | 1.46% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹24.28 Cr | 1.45% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹24.21 Cr | 1.45% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹23.9 Cr | 1.43% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹23.89 Cr | 1.43% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹23.72 Cr | 1.42% |
| Small Industries Development Bank Of India | Cash - Commercial Paper | ₹23.32 Cr | 1.39% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹19.98 Cr | 1.19% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹19.83 Cr | 1.19% |
| Angel Broking Limited | Cash - Commercial Paper | ₹19.3 Cr | 1.15% |
| Cholamandalam Investment & Finance Co Ltd. | Cash - Commercial Paper | ₹19.25 Cr | 1.15% |
| Small Industries Development Bank Of India | Cash - Commercial Paper | ₹19.11 Cr | 1.14% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹19.05 Cr | 1.14% |
| Motilal Oswal Financial Services Ltd | Cash - Commercial Paper | ₹18.92 Cr | 1.13% |
| Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | Cash - CD/Time Deposit | ₹18.85 Cr | 1.13% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹18.74 Cr | 1.12% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹18.02 Cr | 1.08% |
| Hero Fincorp Limited | Bond - Corporate Bond | ₹15.07 Cr | 0.90% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹14.86 Cr | 0.89% |
| 91 DTB 26092024 | Bond - Gov't/Treasury | ₹14.81 Cr | 0.89% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹14.71 Cr | 0.88% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹14.7 Cr | 0.88% |
| Canara Bank | Cash - CD/Time Deposit | ₹14.58 Cr | 0.87% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹14.36 Cr | 0.86% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹14.34 Cr | 0.86% |
| Shriram Transport Finance Company Limited | Cash - Commercial Paper | ₹14.31 Cr | 0.86% |
| ICICI Securities Limited | Cash - Commercial Paper | ₹14.3 Cr | 0.86% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹13.35 Cr | 0.80% |
| LIC Housing Finance Limited | Bond - Corporate Bond | ₹9.98 Cr | 0.60% |
| Indostar Capital Finance Limited | Cash - Commercial Paper | ₹9.97 Cr | 0.60% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹9.95 Cr | 0.60% |
| 91 DTB 15082024 | Bond - Gov't/Treasury | ₹9.95 Cr | 0.59% |
| Motilal Oswal Financial Services Limited | Cash - Commercial Paper | ₹9.92 Cr | 0.59% |
| Au Small Finance Bank Limited | Cash - CD/Time Deposit | ₹9.9 Cr | 0.59% |
| Angel One Limited | Cash - Commercial Paper | ₹9.87 Cr | 0.59% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹9.56 Cr | 0.57% |
| 08.16 JH Sdl 2025 | Bond - Gov't/Treasury | ₹5.03 Cr | 0.30% |
| 08.14 KL Sdl 2025 | Bond - Gov't/Treasury | ₹5.03 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% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹4.97 Cr | 0.30% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹4.94 Cr | 0.30% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹4.93 Cr | 0.30% |
| ICICI Securities Limited | Cash - Commercial Paper | ₹4.75 Cr | 0.28% |
| Class A2 units of Alternative Investment Fund Units # | Mutual Fund - Open End | ₹3.6 Cr | 0.22% |
| Indian Bank | Bond - Gov't Agency Debt | ₹0.95 Cr | 0.06% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - CD/Time Deposit | ₹653.91 Cr | 39.11% |
| Bond - Corporate Bond | ₹443.28 Cr | 26.51% |
| Cash - Commercial Paper | ₹337.78 Cr | 20.20% |
| Bond - Short-term Government Bills | ₹163.25 Cr | 9.76% |
| Cash - Repurchase Agreement | ₹71.94 Cr | 4.30% |
| Cash - Collateral | ₹-42.47 Cr | 2.54% |
| Bond - Gov't/Treasury | ₹39.83 Cr | 2.38% |
| Mutual Fund - Open End | ₹3.6 Cr | 0.22% |
| Bond - Gov't Agency Debt | ₹0.95 Cr | 0.06% |
Risk & Performance Ratios
Standard Deviation
This fund
0.52%
Cat. avg.
0.74%
Lower the better
Sharpe Ratio
This fund
1.20
Cat. avg.
-0.89
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.22
Higher the better
Fund Managers
BB
Basant Bafna
Since January 2023
Additional Scheme Detailsas of 15th July 2024
ISIN | INF769K01GK6 | Expense Ratio | 0.21% | Exit Load | No Charges | Fund Size | ₹1,672 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% | ₹243.56 Cr | 6.7% |
| Canara Robeco Ultra Short Term Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹568.43 Cr | 6.5% |
| Baroda BNP Paribas Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.5% | 0.0% | ₹1535.17 Cr | 7.3% |
| Baroda BNP Paribas Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹1535.17 Cr | 7.5% |
| LIC MF Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹161.02 Cr | 7.2% |
| LIC MF Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹161.02 Cr | 6.5% |
| UTI Ultra Short Term Fund Regular Growth Moderate Risk | 1.0% | 0.0% | ₹2239.53 Cr | 7.0% |
| Nippon India Ultra Short Duration Fund Regular Growth Moderate Risk | 1.1% | 0.0% | ₹7168.59 Cr | 7.0% |
| Mahindra Manulife Ultra Short Duration Fund Regular Growth Moderate Risk | 0.7% | 0.0% | ₹239.90 Cr | 7.1% |
| Mahindra Manulife Ultra Short Duration Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹239.90 Cr | 7.6% |
About the AMC
Total AUM
₹1,73,546 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 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 25-Jul-2024, is ₹1231.14.
What are the returns of Mirae Asset Ultra Short Duration Fund Direct Growth?
The fund has generated 7.69% over the last 1 year and 6.13% 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, 22.38% in bonds, and 77.40% 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 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.