Mirae Asset Ultra Short Duration Fund Direct - Growth

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹1370.2728+0.05% 1 day change	6.09% p.a.	App exclusive #NA View Ranked Funds	₹2,067 Cr

Historical NAV & returns

NAV: ₹1370.2728 as on Feb 02, 2026

This fund Category average

Mirae Asset Ultra Short Duration Fund overview

Expense ratio	0.16% as on Feb 02, 2026
Exit load	0%
AUM (Fund size)	₹2,067 Cr
Lock-in Period	Nil
Age	5 yrs 4 m since Sep 28, 2020
Benchmark	NIFTY Ultra Short Duration Debt Index A-I
Min. investment	SIP: ₹1000 & Lumpsum: ₹5000
Risk	Low to Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Mirae Asset Ultra Short Duration Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	0.27%	0.31%
3 Months	1.3%	1.18%
6 Months	2.86%	2.68%
1 Year	7.06%	6.78%
2 Years	7.45%	7.23%
3 Years	7.47%	7.3%
4 Years	6.89%	6.76%
5 Years	6.26%	6.17%

Asset allocationas on Dec 31, 2025

Large Cap 0%

Mid Cap 0%

Small Cap 0%

Other Cap 0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

A1+ 62.36497195%

AAA 26.9015879%

SOV 16.06993107%

AA+ 4.85792207%

Top Debt Holdings

Reserve Bank of India 15.81%

Union Bank of India 8.24%

Bank Of Baroda 7.01%

Axis Bank Ltd. 6.56%

Allocation by Instruments

Certificate of Deposit 48.69328435%

Debenture 23.016677780000002%

Treasury Bills 15.81693743%

Commercial Paper 13.6716876%

Other Holdings

Others 0.24%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mirae Asset Ultra Short Duration Fund	0.27%	2.86%	7.06%	7.47%	6.26%	N.A.
ICICI Prudential Ultra Short Term Fund	0.31%	2.94%	7.22%	7.51%	6.5%	7.52%
Sundaram Ultra Short Duration Fund	0.3%	2.8%	6.96%	7.37%	6.22%	6.07%
WhiteOak Capital Ultra Short Duration Fund	0.24%	2.61%	6.58%	7.04%	6.11%	3.83%
Mahindra Manulife Ultra Short Duration Fund	0.28%	2.78%	6.9%	7.35%	6.19%	3.85%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Mirae Asset Ultra Short Duration Fund	0.32	0.49	3.4	4.09
ICICI Prudential Ultra Short Term Fund	0.31	0.45	3.55	4.97
Sundaram Ultra Short Duration Fund	0.32	0.46	3.11	4.13
WhiteOak Capital Ultra Short Duration Fund	0.31	0.49	2.15	2.5
Mahindra Manulife Ultra Short Duration Fund	0.31	0.48	3.11	3.67

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Mirae Asset Ultra Short Duration Fund	N.A.	2,067 Cr	5 yrs 4 m	0.16%
ICICI Prudential Ultra Short Term Fund	N.A.	16,907 Cr	13 yrs 1 m	0.39%
Sundaram Ultra Short Duration Fund	N.A.	1,996 Cr	13 yrs 1 m	0.24%
WhiteOak Capital Ultra Short Duration Fund	N.A.	574 Cr	6 yrs 8 m	0.51%
Mahindra Manulife Ultra Short Duration Fund	N.A.	219 Cr	6 yrs 3 m	0.28%

View all Ultra Short Duration funds

Key risk & return ratios Compared to other funds in the category

Alpha	2.0 vs. 3.25 Underperformed at beating benchmark
Sharpe	3.4 vs. 2.83 Better risk-adjusted return
Beta	0.49 vs. 1.84 Less sensitive to market ups & downs
Standard deviation	0.32 vs. 0.24 More volatile performance

About this fund

About Mirae Asset Ultra Short Duration Fund

Mirae Asset Ultra Short Duration Fund Direct - Growth is a Ultra Short Duration mutual fund scheme from Mirae Asset Mutual Fund. This fund has been in existence for 5 yrs 4 m, having been launched on 28/09/2020. Mirae Asset Ultra Short Duration Fund Direct - Growth has ₹2,067 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Mirae Asset Ultra Short Duration Fund Direct - Growth as of 02/02/2026 is ₹1370.27. The fund has an expense ratio of 0.16%, which is less than what most other Ultra Short Duration funds charge.

Mirae Asset Ultra Short Duration Fund Direct - Growth returns of last 1-year are 7.09%. Since launch, it has delivered 6.09% average annual returns.
Mirae Asset Ultra Short Duration Fund Direct - Growth scheme's ability to deliver returns consistently is higher than most funds of its category. Its ability to control losses in a falling market is average.
The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to similar borrowers and hence the risk of default in this fund is same as the category.
The fund's top holdings are in Reserve Bank of India, Union Bank of India, Bank Of Baroda, Axis Bank Ltd., National Bank For Agriculture & Rural Development.

...

Fund AUM	2,067 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Basant Bafna

Mr. Bafna has done B.Com, MBA, CS, CA, FRM and CFA Prior to joining Mirae Asset Mutual Fund, he has worked with India Exim Bank and Union Bank of India

Investment objective

The scheme seeks to generate regular income and provide liquidity by investing primarily in a portfolio comprising of debt & money market instruments.

Mirae Asset Mutual Fund details

No. of schemes	48 view all schemes
Total AUM	2,29,565 Cr as on Dec 31, 2025
Address	Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai, 400098
Phone	022-67800301 / 1800-2090-777

More funds from Mirae Asset Mutual Fund

Fund name	ETM Rank	AUM	1Y	3Y
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund	N.A.	227 Cr	6.44%	8.04%
Mirae Asset Short Duration Fund	N.A.	589 Cr	7.39%	7.77%
Mirae Asset Nifty SDL Jun 2027 Index Fund	N.A.	531 Cr	7.5%	7.73%
Mirae Asset Nifty SDL June 2028 Index Fund	N.A.	71 Cr	7.61%	N.A.
Mirae Asset Low Duration Fund	N.A.	2,562 Cr	7.37%	7.56%
Mirae Asset Dynamic Bond Fund	N.A.	117 Cr	7.46%	7.5%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Mirae Asset Ultra Short Duration Fund Direct - Growth?

The current Net Asset Value (NAV) of the Mirae Asset Ultra Short Duration Fund - Direct Growth plan is approximately ₹1370.2728 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Mirae Asset Ultra Short Duration Fund Direct - Growth is a 5 yrs 4 m old fund and has delivered average annual returns of 6.09% since inception.

Mirae Asset Ultra Short Duration Fund Direct - Growth Returns

1-Year	3-Year	5-Year	Since Inception
7.06%	7.47%	6.26%	6.09%

How much does this mutual fund charge as expense ratio?

The Mirae Asset Ultra Short Duration Fund - Direct Growth has an expense ratio of 0.16%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The Mirae Asset Ultra Short Duration Fund currently has assets under management (AUM) or fund size valued at approximately 2,067 Cr as on Dec 31, 2025.

To whom does Mirae Asset Ultra Short Duration Fund lend to?

The top 3 debt holdings of Mirae Asset Ultra Short Duration Fund are as follows

Holding Name	Percentage of Portfolio
Reserve Bank of India	15.81%
Union Bank of India	8.24%
Bank Of Baroda	7.01%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The Mirae Asset Ultra Short Duration Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
A1+	62.36497195%
AAA	26.9015879%
SOV	16.06993107%

What is risk level of Mirae Asset Ultra Short Duration Fund?

This is a Ultra Short Duration fund comes with Low to Moderate risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Mirae Asset Ultra Short Duration Fund Direct - Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Mirae Asset Ultra Short Duration Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the Mirae Asset Ultra Short Duration Fund is complete.

How can I redeem my investments in Mirae Asset Ultra Short Duration Fund?

Redeeming your investments in the Mirae Asset Ultra Short Duration Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Ultra Short Duration

#NA

Return Consistency: This fund is one of the best in generating consistent return in it's category.
Volatility Protection: This fund is one of the best in protecting against volatility in it's category.
Return Outperformance: This fund has generated highest return amongst Ultra Short Duration funds in the last 5 Years.
Exit Load: This fund has no exit load.
Return/Risk: The fund is performing poorly than its category.