Mirae Asset Ultra Short Duration Fund

Q: What are the returns of this mutual fund scheme?

The Mirae Asset Ultra Short Duration Fund is a 5 yrs 2 m old fund and has delivered average annual returns of 5.87% since inception. Mirae Asset Ultra Short Duration Fund Returns 1-Year 3-Year 5-Year Since Inception 7.28% 7.32% 5.96% 5.87%

NAV as of Dec 04, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹1343.9871+0.01% 1 day change	5.87% p.a.	App exclusive #NA View Ranked Funds	₹1,788 Cr

Historical NAV & returns

NAV: ₹1343.9871 as on Dec 04, 2025

This fund Category average

Mirae Asset Ultra Short Duration Fund overview

AUM (Fund size)	₹1,788 Cr
Exit load	0%
Lock-in Period	Nil
Age	5 yrs 2 m since Sep 28, 2020
Benchmark	NIFTY Ultra Short Duration Debt Index A-I
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
Expense ratio	0.42% as on Nov 30, 2025
Plan type	Regular
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 Dec 01, 2025

Period	This fund	Category average
1 Month	0.48%	0.43%
3 Months	1.54%	1.43%
6 Months	3.18%	2.96%
1 Year	7.28%	6.83%
2 Years	7.45%	7.05%
3 Years	7.32%	6.94%
4 Years	6.6%	6.23%
5 Years	5.96%	5.62%

Asset allocationas on Oct 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+ 59.90176242%

AAA 22.61374076%

SOV 10.83344503%

AA 1.95987903%

Top Debt Holdings

Reserve Bank of India 10.55%

HDFC Bank Ltd. 8.18%

Axis Bank Ltd. 7.64%

Kotak Mahindra Bank Ltd. 6.8%

Allocation by Instruments

Certificate of Deposit 48.08027942999999%

Debenture 15.856661939999999%

Treasury Bills 10.5398462%

Commercial Paper 10.43582019%

Other Holdings

Others 0.27%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mirae Asset Ultra Short Duration Fund	0.48%	3.18%	7.28%	7.32%	5.96%	N.A.
ICICI Prudential Ultra Short Term Fund	0.49%	3.16%	7.21%	7.18%	5.97%	6.92%
Mahindra Manulife Ultra Short Duration Fund	0.46%	2.97%	6.89%	7.01%	5.68%	3.5%
WhiteOak Capital Ultra Short Duration Fund	0.42%	2.77%	6.47%	6.56%	5.45%	3.37%
HDFC Ultra Short Term Fund	0.47%	3.07%	7.07%	7.13%	5.83%	4.51%
HSBC Ultra Short Duration Fund	0.48%	3.03%	7.06%	7.14%	5.83%	3.34%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Mirae Asset Ultra Short Duration Fund	0.25	0.66	3.55	6.41
ICICI Prudential Ultra Short Term Fund	0.26	0.63	2.86	6.09
Mahindra Manulife Ultra Short Duration Fund	0.24	0.61	2.42	4.22
WhiteOak Capital Ultra Short Duration Fund	0.24	0.61	0.69	1.19
HDFC Ultra Short Term Fund	0.26	0.67	2.66	5.28
HSBC Ultra Short Duration Fund	0.25	0.67	2.78	5.02

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Mirae Asset Ultra Short Duration Fund	N.A.	1,788 Cr	5 yrs 2 m	0.42%
ICICI Prudential Ultra Short Term Fund	N.A.	17,841 Cr	14 yrs 7 m	0.79%
Mahindra Manulife Ultra Short Duration Fund	N.A.	212 Cr	6 yrs 2 m	0.7%
WhiteOak Capital Ultra Short Duration Fund	N.A.	531 Cr	6 yrs 6 m	1.02%
HDFC Ultra Short Term Fund	N.A.	17,232 Cr	7 yrs 2 m	0.7%
HSBC Ultra Short Duration Fund	N.A.	3,952 Cr	5 yrs 10 m	0.35%

View all Ultra Short Duration funds

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

Alpha	1.99 vs. 2.58 Underperformed at beating benchmark
Sharpe	3.55 vs. 2.83 Better risk-adjusted return
Beta	0.66 vs. 1.35 Less sensitive to market ups & downs
Standard deviation	0.25 vs. 0.2 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 is a Ultra Short Duration mutual fund scheme from Mirae Asset Mutual Fund. This fund has been in existence for 5 yrs 2 m, having been launched on 28/09/2020. Mirae Asset Ultra Short Duration Fund has ₹1,788 Crores worth of assets under management (AUM) as on 31/10/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Mirae Asset Ultra Short Duration Fund as of 04/12/2025 is ₹1343.99. The fund has an expense ratio of 0.42%, which is higher than what most other Ultra Short Duration funds charge.

Mirae Asset Ultra Short Duration Fund returns of last 1-year are 7.27%. Since launch, it has delivered 5.89% average annual returns.
Mirae Asset Ultra Short Duration Fund 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 above 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, HDFC Bank Ltd., Axis Bank Ltd., Kotak Mahindra Bank Ltd., Indian Bank.

...

Fund AUM	1,788 Cr as on Oct 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	47 view all schemes
Total AUM	2,15,434 Cr as on Sep 30, 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	7.75%	8.07%
Mirae Asset Nifty SDL Jun 2027 Index Fund	N.A.	561 Cr	7.71%	7.57%
Mirae Asset Corporate Bond Fund	N.A.	44 Cr	7.68%	7.26%
Mirae Asset Money Market Fund	N.A.	3,514 Cr	7.32%	7.16%
Mirae Asset Short Duration Fund	N.A.	697 Cr	7.64%	7.15%

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 plan is approximately ₹1343.9871 as of Dec 04, 2025.

What are the returns of this mutual fund scheme?

The Mirae Asset Ultra Short Duration Fund is a 5 yrs 2 m old fund and has delivered average annual returns of 5.87% since inception.

Mirae Asset Ultra Short Duration Fund Returns

1-Year	3-Year	5-Year	Since Inception
7.28%	7.32%	5.96%	5.87%

How much does this mutual fund charge as expense ratio?

The Mirae Asset Ultra Short Duration Fund has an expense ratio of 0.42%, 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 1,788 Cr as on Oct 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	10.55%
HDFC Bank Ltd.	8.18%
Axis Bank Ltd.	7.64%

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+	59.90176242%
AAA	22.61374076%
SOV	10.83344503%

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 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 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.