Mirae Asset Ultra Short Duration Fund Direct - Growth

Q: What are the returns of Mirae Asset Ultra Short Duration Fund?

The Mirae Asset Ultra Short Duration Fund is a 4 yrs 8 m old fund and has delivered average annual returns of 6.07% since inception. Mirae Asset Ultra Short Duration Fund Returns 1-Year 3-Year Since Inception 8.1% 7.4% 6.07%

NAV as of Jun 05, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹1316.933+0.03% 1 day change	6.07% p.a.	#NA View Ranked Funds	₹1,681 Crs

Historical NAV & returns

NAV: ₹1316.933 as on Jun 05, 2025

This fund Category average

Mirae Asset Ultra Short Duration Fund overview

Expense ratio	0.16% as on May 31, 2025
Exit load	0%
AUM (Fund size)	₹1,681 Crs
Lock-in	No Lockin
Age	4 yrs 8 m since Sep 28, 2020
Benchmark	NIFTY Ultra Short Duration Debt Index A-I
Min. investment	SIP ₹1000 & Lump. ₹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 Jun 01, 2025

Period	This fund	Category average
1 Month	0.67%	0.66%
3 Months	2.28%	2.25%
6 Months	4.07%	3.98%
1 Year	8.1%	7.89%
2 Years	7.84%	7.62%
3 Years	7.4%	7.26%
4 Years	6.48%	6.41%

Asset allocationas on Apr 30, 2025

Large Cap 0.0%

Mid Cap 0.0%

Small Cap 0.0%

Other Cap 0.0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

A1+ 57.27922125%

AAA 22.27877911%

SOV 12.01010942%

AA+ 3.12836238%

Top Debt Holdings

Reserve Bank of India 12.02%

Axis Bank Ltd. 8.65%

Canara Bank 6.75%

Punjab National Bank 5.86%

Allocation by Instruments

Certificate of Deposit 43.46865562%

Debenture 20.00019709%

Commercial Paper 13.81056563%

Treasury Bills 12.010109420000001%

Other Holdings

Others 0.26%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
Mirae Asset Ultra Short Duration Fund	N.A.	₹1,681 Crs	4 yrs 8 m	0.16%
ICICI Prudential Ultra Short Term Fund	N.A.	₹15,092 Crs	12 yrs 5 m	0.39%
Axis Ultra Short Duration Fund	N.A.	₹6,122 Crs	6 yrs 9 m	0.36%
Sundaram Ultra Short Duration Fund	N.A.	₹2,091 Crs	12 yrs 5 m	0.23%
WhiteOak Capital Ultra Short Duration Fund	N.A.	₹457 Crs	6 yrs	0.47%
Tata Ultra Short Term Fund	N.A.	₹4,817 Crs	6 yrs 4 m	0.28%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mirae Asset Ultra Short Duration Fund	0.67%	4.07%	8.1%	7.4%	N.A.	N.A.
ICICI Prudential Ultra Short Term Fund	0.73%	4.11%	8.08%	7.47%	6.53%	7.76%
Axis Ultra Short Duration Fund	0.69%	4.08%	8.11%	7.5%	6.28%	4.51%
Sundaram Ultra Short Duration Fund	0.66%	4.02%	7.98%	7.37%	5.99%	6.23%
WhiteOak Capital Ultra Short Duration Fund	0.61%	3.85%	7.62%	7.05%	5.85%	3.44%
Tata Ultra Short Term Fund	0.66%	4.1%	8.1%	7.43%	6.07%	4.02%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Mirae Asset Ultra Short Duration Fund	0.33	0.81	2.51	3.11
ICICI Prudential Ultra Short Term Fund	0.32	0.77	2.78	4.14
Axis Ultra Short Duration Fund	0.32	0.77	2.97	4.23
Sundaram Ultra Short Duration Fund	0.31	0.73	2.62	3.77
WhiteOak Capital Ultra Short Duration Fund	0.3	0.72	1.7	2.13
Tata Ultra Short Term Fund	0.32	0.76	2.73	3.58

View all Ultra Short Duration funds

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

Alpha	2.37 vs. 3.46 Underperformed at beating benchmark
Sharpe	2.51 vs. 3.65 Poor risk-adjusted returns
Beta	0.81 vs. 1.76 Less sensitive to market ups & downs
Standard deviation	0.33 vs. 0.3 More volatile performance

Compare Mirae Asset Ultra Short Duration Fund in detail with

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 4 yrs 8 m, having been launched on 28/09/2020. Mirae Asset Ultra Short Duration Fund Direct - Growth has ₹1,681 Crores worth of assets under management (AUM) as on 31/03/2025 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 05/06/2025 is ₹1316.93. 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 8.13%. Since launch, it has delivered 6.08% average annual returns.
Mirae Asset Ultra Short Duration Fund Direct - Growth scheme's ability to deliver returns consistently is in-line with 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, Axis Bank Ltd., Canara Bank, Punjab National Bank, HDFC Bank Ltd..

...

Fund AUM	₹1,681 Crs as on Mar 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	43 view all schemes
Total AUM	₹1,90,637 Crs as on Mar 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 (in Crs.)	1Y	3Y
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund	N.A.	₹241 Crs	12.52%	N.A.
Mirae Asset Nifty SDL Jun 2027 Index Fund	N.A.	₹755 Crs	9.8%	8.46%
Mirae Asset Short Duration Fund	N.A.	₹401 Crs	10.31%	8.17%
Mirae Asset Dynamic Bond Fund	N.A.	₹119 Crs	9.43%	8.07%
Mirae Asset Corporate Bond Fund	N.A.	₹43 Crs	10.33%	7.96%
Mirae Asset Banking and PSU Fund	N.A.	₹47 Crs	10.2%	7.91%

See all Debt funds from this AMC

Frequently asked questions

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

The current Net Asset Value (NAV) of the Mirae Asset Ultra Short Duration Fund - Direct Growth plan is approximately ₹1316.933 as of Jun 05, 2025.

What are the returns of this mutual fund scheme?

The Mirae Asset Ultra Short Duration Fund is a 4 yrs 8 m old fund and has delivered average annual returns of 6.07% since inception.

Mirae Asset Ultra Short Duration Fund Returns

1-Year	3-Year	Since Inception
8.1%	7.4%	6.07%

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%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

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 ₹1,681 Crs crore as of Mar 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	12.02%
Axis Bank Ltd.	8.65%
Canara Bank	6.75%

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+	57.27922125%
AAA	22.27877911%
SOV	12.01010942%

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?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

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 and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in 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 Mirae Asset Ultra Short Duration Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Mirae Asset Ultra Short Duration Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Ultra Short Duration

#NA

Expense Ratio: This fund has the lowest expense ratio amongst actively/passively managed Ultra Short Duration funds.
Exit Load: This fund has no exit load.
Return/Risk: The fund is performing poorly than its category.