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Fund Overview

Fund Size

Fund Size

₹1,623 Cr

Expense Ratio

Expense Ratio

0.20%

ISIN

ISIN

INF769K01GK6

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

No Charges

Inception Date

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, 8 months and 5 days, having been launched on 07-Oct-20.
As of 11-Jun-24, it has a Net Asset Value (NAV) of ₹1219.60, Assets Under Management (AUM) of 1622.55 Crores, and an expense ratio of 0.2%.
  • Mirae Asset Ultra Short Duration Fund Direct Growth has given a CAGR return of 5.55% since inception.
  • The fund's asset allocation comprises around 0.00% in equities, 40.09% in debts, and 59.82% 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

+7.66%

+6.05% (Cat Avg.)

3 Years

+5.96%

+5.15% (Cat Avg.)

Since Inception

+5.55%

(Cat Avg.)

Portfolio Summaryas of 15th May 2024

Debt650.44 Cr40.09%
Others972.12 Cr59.91%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
India (Republic of)Bond - Short-term Government Bills83.38 Cr5.14%
HDFC Bank LimitedCash - CD/Time Deposit83.27 Cr5.13%
NTPC Ltd.Cash - Commercial Paper73.39 Cr4.52%
LIC Housing Finance LtdBond - Corporate Bond49.93 Cr3.08%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit48.03 Cr2.96%
India (Republic of)Bond - Short-term Government Bills44.2 Cr2.72%
Axis Bank LimitedCash - CD/Time Deposit44.04 Cr2.71%
Rec LimitedBond - Corporate Bond41.75 Cr2.57%
ICICI Bank LimitedCash - CD/Time Deposit38.53 Cr2.37%
Ongc Petro Additions LimitedBond - Corporate Bond35.04 Cr2.16%
LIC Housing Finance LtdBond - Corporate Bond34.96 Cr2.15%
India (Republic of)Bond - Short-term Government Bills34.24 Cr2.11%
ICICI Bank LimitedCash - CD/Time Deposit33.97 Cr2.09%
Embassy Office Parks ReitBond - Corporate Bond31.81 Cr1.96%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond27.55 Cr1.70%
TATA Motors LimitedBond - Corporate Bond25.03 Cr1.54%
Motilal Oswal Finvest LimitedCash - Commercial Paper25 Cr1.54%
LIC Housing Finance LtdBond - Corporate Bond25 Cr1.54%
Bharti Telecom LimitedBond - Corporate Bond25 Cr1.54%
Icici Securities LimitedCash - Commercial Paper24.94 Cr1.54%
182 DTB 20062024Bond - Gov't/Treasury24.91 Cr1.54%
Motilal Oswal Financial Services LtdCash - Commercial Paper24.91 Cr1.53%
Motilal Oswal Financial Services LtdCash - Commercial Paper24.77 Cr1.53%
LIC Housing Finance LtdBond - Corporate Bond24.76 Cr1.53%
Godrej IndustriesCash - Commercial Paper24.75 Cr1.53%
360 One Prime Ltd.Cash - Commercial Paper24.56 Cr1.51%
ICICI Bank LimitedCash - CD/Time Deposit24.47 Cr1.51%
Axis Bank LimitedCash - CD/Time Deposit24.46 Cr1.51%
Kotak Mahindra Bank Ltd.Bond - Corporate Bond24.43 Cr1.51%
National Bank For Agriculture And Rural DevelopmentCash - CD/Time Deposit24.18 Cr1.49%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit24.05 Cr1.48%
HDFC Bank Ltd.Bond - Corporate Bond23.97 Cr1.48%
National Bank For Agriculture And Rural DevelopmentCash - CD/Time Deposit23.68 Cr1.46%
HDFC Bank LimitedCash - CD/Time Deposit23.67 Cr1.46%
Muthoot Finance LimitedBond - Corporate Bond19.99 Cr1.23%
360 One Prime Ltd.Cash - Commercial Paper19.94 Cr1.23%
Small Industries Development Bank Of India**Cash - Commercial Paper19.6 Cr1.21%
National Housing BankCash - Commercial Paper19.54 Cr1.20%
Cholamandalam Investment & Finance Co Ltd.Cash - Commercial Paper19.05 Cr1.17%
Small Industries Development Bank of IndiaCash - Commercial Paper18.93 Cr1.17%
Indian BankCash - CD/Time Deposit18.9 Cr1.17%
Motilal Oswal Financial Services LtdCash - Commercial Paper18.72 Cr1.15%
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)Cash - CD/Time Deposit18.67 Cr1.15%
Bharti Telecom LimitedBond - Corporate Bond17.99 Cr1.11%
ICICI Bank LimitedCash - CD/Time Deposit16.61 Cr1.02%
TrepsCash - Repurchase Agreement16.6 Cr1.02%
Hero Fincorp Limited 8.94%Bond - Corporate Bond15.07 Cr0.93%
Power Finance Corporation Ltd.Bond - Corporate Bond14.9 Cr0.92%
LIC Housing Finance LtdBond - Corporate Bond14.76 Cr0.91%
Kotak Mahindra Bank Ltd.Bond - Corporate Bond14.3 Cr0.88%
HDFC Bank Ltd.Bond - Corporate Bond14.22 Cr0.88%
Small Industries Development Bank of IndiaBond - Corporate Bond14.2 Cr0.88%
Axis Bank Ltd.Bond - Corporate Bond14.2 Cr0.88%
Birla Group Holdings Private LimitedCash - Commercial Paper13.21 Cr0.81%
Cholamandalam Investment And Finance Company LimitedBond - Corporate Bond9.98 Cr0.62%
India (Republic of)Bond - Short-term Government Bills9.86 Cr0.61%
Indostar Capital Finance LimitedCash - Commercial Paper9.84 Cr0.61%
Motilal Oswal Financial Services LimitedCash - Commercial Paper9.81 Cr0.60%
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)Cash - CD/Time Deposit9.81 Cr0.60%
Au Small Finance Bank LimitedCash - CD/Time Deposit9.8 Cr0.60%
Axis Bank Ltd.Bond - Corporate Bond9.47 Cr0.58%
08.16 JH Sdl 2025Bond - Gov't/Treasury5.03 Cr0.31%
08.14 KL Sdl 2025Bond - Gov't/Treasury5.03 Cr0.31%
08.17 Wb SDL 2024Bond - Gov't/Treasury5.03 Cr0.31%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond4.97 Cr0.31%
Hdb Financial Services LimitedBond - Corporate Bond4.89 Cr0.30%
National Bank For Agriculture And Rural DevelopmentCash - CD/Time Deposit4.77 Cr0.29%
ICICI Securities LimitedCash - Commercial Paper4.7 Cr0.29%
Bharti Telecom LimitedBond - Corporate Bond4 Cr0.25%
Net Receivables / (Payables)Cash3.18 Cr0.20%
Class A2 units of Alternative Investment Fund Units #Mutual Fund - Open End1.39 Cr0.09%
Indian BankBond - Gov't Agency Debt0.94 Cr0.06%

Allocation By Credit Quality (Debt)

AAA

AA

Other Allocation

Equity Sector

Debt & Others

InstrumentsAmount sortHoldings sort
Bond - Corporate Bond542.18 Cr33.42%
Cash - CD/Time Deposit470.91 Cr29.02%
Cash - Commercial Paper375.67 Cr23.15%
Bond - Short-term Government Bills171.68 Cr10.58%
Bond - Gov't/Treasury40 Cr2.46%
Cash - Repurchase Agreement16.6 Cr1.02%
Cash3.18 Cr0.20%
Mutual Fund - Open End1.39 Cr0.09%
Bond - Gov't Agency Debt0.94 Cr0.06%

Risk & Performance Ratios

Standard Deviation

This fund

0.53%

Cat. avg.

0.74%

Lower the better

Sharpe Ratio

This fund

1.13

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 May 2024

ISININF769K01GK6Expense Ratio0.20%Exit LoadNo ChargesFund Size₹1,623 CrAge07 Oct 2020Lumpsum Minimum₹5,000Fund StatusOpen Ended Investment CompanyBenchmarkNIFTY Ultra Short Duration Debt TR INR

Investment ObjectiveInvestment 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 nameExpense RatioExit LoadFund size
1Y
PGIM India Ultra Short Duration Fund Regular Growth

Low to Moderate Risk

0.9%0.0%₹255.28 Cr6.7%
Canara Robeco Ultra Short Term Fund Regular Growth

Low to Moderate Risk

0.9%0.0%₹422.67 Cr6.5%
Baroda BNP Paribas Ultra Short Duration Fund Regular Growth

Low to Moderate Risk

0.5%0.0%₹1356.96 Cr7.3%
Baroda BNP Paribas Ultra Short Duration Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹1356.96 Cr7.5%
LIC MF Ultra Short Duration Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹284.82 Cr7.0%
LIC MF Ultra Short Duration Fund Regular Growth

Low to Moderate Risk

0.9%0.0%₹284.82 Cr6.4%
UTI Ultra Short Term Fund Regular Growth

Moderate Risk

1.0%0.0%₹2349.32 Cr7.0%
Nippon India Ultra Short Duration Fund Regular Growth

Moderate Risk

1.1%0.0%₹6322.84 Cr6.9%
Mahindra Manulife Ultra Short Duration Fund Regular Growth

Moderate Risk

0.7%0.0%₹233.50 Cr7.1%
Mahindra Manulife Ultra Short Duration Fund Direct Growth

Moderate Risk

0.3%0.0%₹233.50 Cr7.6%

About the AMC

Total AUM

₹1,71,472 Cr

Address

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

Other Funds by Mirae Asset India Mutual Fund

Fund nameExpense RatioExit LoadFund 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%₹3409.20 Cr38.6%
Mirae Asset Cash Management Direct Growth

Low to Moderate Risk

0.1%0.0%₹10073.98 Cr7.4%
Mirae Asset Emerging Bluechip Direct Growth

Very High Risk

0.6%1.0%₹34974.46 Cr41.4%
Mirae Asset Large Cap Fund Direct Growth

Very High Risk

0.5%1.0%₹37631.07 Cr26.0%
Mirae Asset Savings Fund Direct Growth

Moderate Risk

0.2%0.0%₹594.96 Cr7.5%
Mirae Asset Money Market Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹144.98 Cr7.6%
Mirae Asset Focused Fund Direct Growth

Very High Risk

0.6%1.0%₹7920.31 Cr19.2%
Mirae Asset Dynamic Bond Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹152.53 Cr6.8%
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth

Very High Risk

0.7%0.0%₹1541.06 Cr57.3%
Mirae Asset Hybrid Equity Fund Direct Growth

Very High Risk

0.4%1.0%₹8545.85 Cr26.8%
Mirae Asset Equity Allocator Fund of Fund Direct Growth

Very High Risk

0.2%0.0%₹722.32 Cr36.5%
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth

Very High Risk

0.6%0.0%₹105.57 Cr30.0%
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth

Very High Risk

0.7%0.0%₹541.56 Cr41.7%
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹798.39 Cr7.2%
Mirae Asset Ultra Short Duration Fund Direct Growth

Moderate Risk

0.2%0.0%₹1622.55 Cr7.7%
Mirae Asset Flexi Cap Fund Direct Growth

Very High Risk

0.6%1.0%₹1815.41 Cr34.9%
Mirae Asset Banking and Financial Services Fund Direct Growth

Very High Risk

0.6%1.0%₹1671.29 Cr26.0%
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%₹87.16 Cr61.1%
Mirae Asset Tax Saver Fund Direct Growth

Very High Risk

0.6%0.0%₹22471.76 Cr37.4%
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth

Moderate Risk

0.1%0.0%₹83.22 Cr7.0%
Mirae Asset Corporate Bond Fund Direct Growth

Moderate Risk

0.2%0.0%₹47.08 Cr6.7%
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth

Very High Risk

0.8%0.0%₹75.88 Cr3.2%
Mirae Asset Equity Savings Fund Direct Growth

Moderately High risk

0.3%1.0%₹1088.38 Cr18.2%
Mirae Asset Banking and PSU Debt Fund Direct Growth

Moderate Risk

0.4%0.0%₹59.30 Cr6.8%
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth

Very High Risk

0.9%1.0%₹316.95 Cr29.5%
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth

Very High Risk

2.0%1.0%₹95.84 Cr-5.6%
Mirae Asset Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹882.62 Cr6.8%
Mirae Asset Short Term Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹346.19 Cr7.2%
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Direct Growth

Moderate Risk

0.1%0.0%₹225.99 Cr6.9%
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 Cr7.0%
Mirae Asset Healthcare Fund Direct Growth

Very High Risk

0.5%1.0%₹2201.96 Cr51.1%
Mirae Asset Arbitrage Fund Direct Growth

Low Risk

0.2%0.0%₹2074.44 Cr8.6%
Mirae Asset Midcap Fund Direct Growth

Very High Risk

0.6%1.0%₹15353.87 Cr51.4%
Mirae Asset Balanced Advantage Fund Direct Growth

High Risk

0.7%1.0%₹1570.06 Cr22.7%

Risk Level

Your principal amount will be at Moderate Risk

Moderate Risk
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The NAV of Mirae Asset Ultra Short Duration Fund Direct Growth, as of 11-Jun-2024, is ₹1219.60.
The fund has generated 7.66% over the last 1 year and 5.96% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 0.00% in equities, 40.09% in bonds, and 59.82% in cash and cash equivalents.
The fund managers responsible for Mirae Asset Ultra Short Duration Fund Direct Growth are:-
  1. Basant Bafna