- 1M
- 3M
- 6M
- 1YR
- 3YR
- 5YR
- 10YR
- Since Inception
Performance
Monthly SIP of ₹ for
Below table shows comparison of Mirae Asset Ultra Short Duration Fund with respect to the investments in Fixed Deposit and Gold for the
Total investment of
₹36,000 over the period of 3 years.
Total Value | Gain | Return % | |
---|---|---|---|
This Fund | 40,086 |
4,086 |
7.10% |
Bank FD | 39,824 |
3,824 |
6.5% |
Gold | 40,770 |
4,770 |
8.00% |
Fund Information
-
610.23 Cr.
-
Mirae Asset Ultra Short Duration Fund shown here is of
Growthplan.
-
The Total Expense Ratio (TER) of the fund is
0.47%. The Total Expense Ratio (TER) is a measure that represents the total costs associated with managing and operating a mutual fund as a percentage of its average Assets under Management (AUM). It provides an insight into the overall expenses they will incur by investing in the fund.
-
Mirae Asset Ultra Short Duration Fund is an
Debtoriented mutual fund in the
- Ultra Short Duration Fundcategory.
-
NIFTY Ultra Short Duration Debt Index B-I
is the benchmark for Mirae Asset Ultra Short Duration Fund. A benchmark for a mutual fund serves as a standard for performance comparison, helping investors assess how well the fund is meeting its objectives and how it fares against relevant market indicators. Investors often compare the fund's performance with the benchmark as well as its peers.
-
The inception date of a mutual fund refers to the date when the fund was first established and began operations. It is the starting point from which the fund's performance, returns, and other key metrics are calculated. The fund was started on
05 Oct 2020as at present it is 4 years old fund.
-
Name of the AMC is
Mirae Asset Mutual Fund.
Click here to
know moreabout Mirae Asset Mutual Fund.
Fund Managed By
Fund managers make investment decisions, optimizing returns and managing risks for portfolios. Responsibilities include market analysis, performance monitoring. Mirae Asset Ultra Short Duration Fund managed by following fund manager(s);
How does the
Return Comparison of the Mirae Asset Ultra Short Duration Fund fare against peer funds in the Ultra Short Duration fund category?
Peer fund returns can vary based on the collaborative nature and specific strategies employed by fund managers of these funds listed in below table, often showcasing different risk-return profiles compared to strategy adopted by Mirae Asset Ultra Short Duration Fund. Below table demonstrate the returns generated by some peer funds and compare tho this fund and average return generate by the Debt, Ultra Short Duration fund category these peer funds belongs to.
Fund Name | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 2 Years | 3 Years | 5 Years | 10 Years |
---|---|---|---|---|---|---|---|---|---|
Category Best | 0.37% | 0.91% | 5.14% | 5.14% | 7.21% | 5.80% | 6.36% | 6.87% | 7.47% |
Category Average | 0.30% | 0.79% | 4.13% | 4.54% | 6.54% | 5.04% | 4.64% | 5.39% | 6.45% |
Mirae Asset Ultra Short Duration Fund | 0.10% | 0.56% | 1.77% | 3.63% | 7.63% | 7.34% | 6.43% | - | - |
ICICI Prudential Ultra Short Term Fund | 0.09% | 0.55% | 1.73% | 3.51% | 7.47% | 7.17% | 6.27% | 5.87% | 7.11% |
ICICI Prudential Ultra Short Term Fund | 0.09% | 0.55% | 1.73% | 3.51% | 7.47% | 7.17% | 6.27% | 5.87% | 7.11% |
Aditya Birla Sun Life Savings Fund | 0.11% | 0.62% | 1.93% | 3.76% | 7.82% | 7.47% | 6.55% | 6.11% | 7.19% |
Aditya Birla Sun Life Savings Fund | 0.11% | 0.62% | 1.93% | 3.76% | 7.82% | 7.47% | 6.55% | 6.11% | 7.19% |
HDFC Ultra Short Term Fund | 0.09% | 0.54% | 1.71% | 3.52% | 7.45% | 7.16% | 6.25% | 5.73% | - |
Fund Portfolio Details
Portfolio details of a fund generally refer to a comprehensive breakdown of the investments held within a specific investment vehicle, such as a mutual fund or exchange-traded fund (ETF). Portfolio details of Mirae Asset Ultra Short Duration Fund are shown below;
Equity -
Debt 97.00%
Others 3.00%
Top Holdings
Name of the Instrument | Holding Percentage |
---|---|
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 22A 5.27 LOA 29AP24 FVRS10LAC | 4.23% |
REC LIMITED SR 180-A 8.10 BD 25JU24 FVRS10LAC | 4.10% |
STATE BANK OF INDIA CD 17MAY24 | 4.01% |
AXIS BANK LIMITED CD 17MAY24 | 4.01% |
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 22C 5.23 LOA 31JN25 FVRS10LAC | 3.99% |
Others | 79.66% |
Allocation by Instruments
Type of the Instrument | Holding Percentage |
---|---|
BOND | 15.16% |
CERTIFICATE OF DEPOSIT | 24.52% |
DEBENTURE | 11.56% |
COMMERCIAL PAPER | 11.87% |
GOVERNMENT SECURITIES | 2.46% |
Portfolio Holdings shown is as of 31 Jan 2024
Riskometer
Investors understand that their
principal
will be at Moderate risk