How to Invest in Mirae Asset Ultra Short to Short Term Fund Direct Growth?

You can easily invest in Mirae Asset Ultra Short to Short Term Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for Mirae Asset Ultra Short to Short Term Fund Direct Growth from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in Mirae Asset Ultra Short to Short Term Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Mirae Asset Ultra Short to Short Term Fund Direct Growth provide?

The Mirae Asset Ultra Short to Short Term Fund Direct Growth has been there from 01 Jan 2013 and the average annual returns provided by this fund is 5.72% since its inception.

How much expense ratio is charged by Mirae Asset Ultra Short to Short Term Fund Direct Growth?

The term Expense Ratio used for Mirae Asset Ultra Short to Short Term Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Mirae Asset Ultra Short to Short Term Fund Direct Growth is 0.21% as of 08 Oct 2026...

What is the AUM of Mirae Asset Ultra Short to Short Term Fund Direct Growth?

The AUM, short for Assets Under Management of Mirae Asset Ultra Short to Short Term Fund Direct Growth is ₹2,290.37Cr as of 08 Oct 2026.

How to Redeem Mirae Asset Ultra Short to Short Term Fund Direct Growth?

If you want to sell your Mirae Asset Ultra Short to Short Term Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

What is the NAV of Mirae Asset Ultra Short to Short Term Fund Direct Growth?

The NAV of Mirae Asset Ultra Short to Short Term Fund Direct Growth is ₹2,665.01 as of 07 Oct 2026.

What is the PE and PB ratio of Mirae Asset Ultra Short to Short Term Fund Direct Growth?

The PE ratio ratio of Mirae Asset Ultra Short to Short Term Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

Mirae Asset Ultra Short to Short Term Fund Direct Growth

Name: Mirae Asset Ultra Short to Short Term Fund Direct Growth
Brand: Mirae Asset Mutual Fund

Debt

Low Duration

Moderate Risk

+7.45%

3Y annualised

+0.01% 1D

All

NAV: 07 Oct '26

₹2,665.01

Min. for SIP

₹99

Fund size (AUM)

₹2,290.37 Cr

Expense ratio

0.21%

Rating

Return calculator

Monthly investment

₹5,000

Over the past	Total investment	Would've become	Returns
1 year	₹60,000	₹61,789	+2.98%
3 years	₹1,80,000	₹1,99,372	+10.76%
5 years	₹3,00,000	₹3,57,365	+19.12%
10 years	₹6,00,000	₹8,37,382	+39.56%

Holdings (78)

Name	Sector	Instruments	Assets
GOVERNMENT OF INDIA 37862 182 DAYS TBILL 26FB27 FV RS 100	Financial	Treasury Bills	4.69%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CD 11JUN27	Financial	Certificate of Deposit	4.11%
TATA CAPITAL HOUSING FINANCE LIMITED SR C 7.86 NCD 21SP29 FVRS1LAC	Financial	Debenture	3.46%
KNOWLEDGE REALTY TRUST 7.5378 NCD 08MY29 FVRS1LAC	Real Estate	Non Convertible Debenture	3.37%
REC LIMITED SR 232 A 7.59 BD 31MY27 FVRS1LAC	Financial	Debenture	3.27%
REC LIMITED SR 231A 7.64 BD 30AP27 FVRS1LAC	Financial	Non Convertible Debenture	3.05%
POONAWALLA FINCORP LIMITED SR B2 7.60 NCD 28MY27 FVRS1LAC	Financial	Debenture	3.05%
POWER FINANCE CORPORATION LTD. SR-177 7.85 BD 03AP28 FVRS10LAC	Financial	Debenture	2.19%
Power Finance Corporation Ltd SR-164 Bonds 7.75 22/03/2027	Financial	Bonds	2.19%
GOVERNMENT OF INDIA 36790 364 DAYS TBILL 03DC26 FV RS 100	Financial	Treasury Bills	2.16%
TATA CAPITAL HOUSING FINANCE LIMITED 365D CP 03FEB27	Financial	Commercial Paper	2.13%
CANARA BANK CD 28JUN27	Financial	Certificate of Deposit	2.07%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CD 20AUG27	Financial	Certificate of Deposit	2.05%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 24E 7.80 BD 15MR27 FVRS1LAC	Financial	Debenture	1.97%
MANAPPURAM FINANCE LIMITED 8.60 NCD 24MR28 FVRS1LAC	Financial	Debenture	1.95%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CD 14JAN27	Financial	Certificate of Deposit	1.93%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25G 7.48 BD 15SP28 FVRS1LAC	Financial	Bonds	1.91%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR IV 7.79 BD 19AP27 FVRS1LAC	Financial	Bonds	1.75%
LIC HOUSING FINANCE LIMITED TR- 359 7.95 LOA 29JN28 FVRS10LAC	Financial	Debenture	1.75%
GOVERNMENT OF INDIA 37449 182 DAYS TBILL 19NV26 FV RS 100	Financial	Treasury Bills	1.52%
BHARTI TELECOM LIMITED SR XXVII 7.30 NCD 01DC27 FVRS1LAC	Technology	Debenture	1.38%
STATE DEVELOPMENT LOAN 22323 GUJ 23OT27 7.19 FV RS 100	Industrials	State Development Loan	1.10%
MOTILAL OSWAL FINVEST LIMITED SR 1 8.80 BD 10SP27 FVRS1LAC	Financial	Bonds	1.10%
Power Finance Corporation Ltd Bonds/Deb 7.60 20/02/2027	Financial	Bonds/Debentures	1.09%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR VI 7.79 BD 14MY27 FVRS1LAC	Financial	Debenture	1.09%
BAJAJ HOUSING FINANCE LIMITED 8.04 NCD 18JN27 FVRS1LAC	Financial	Debenture	1.09%
ADITYA BIRLA RENEWABLES LIMITED 8.6 NCD 24SP27 FVRS1LAC	Energy & Utilities	Bonds/NCDs	1.09%
EMBASSY OFFICE PARKS REIT SR V TR B 7.05 NCD 18OT26 FVRS10LAC	Real Estate	Non Convertible Debenture	1.09%
Power Finance Corporation Ltd SR-155 Bonds 7.23 05/01/2027	Financial	Bonds	1.09%
SK FINANCE LIMITED 9.25 NCD 24OT27 FVRS1LAC	Financial	Non Convertible Debenture	1.09%
EXPORT IMPORT BANK OF INDIA SR AA02 7.35 BD 27JL28 FVRS1LAC	Financial	Bonds	1.09%
SHRIRAM PISTONS & RINGS LIMITED SR I 7.30 NCD 23AG27 FVRS1LAC	Consumer Discretionary	Debenture	1.09%
REC LIMITED SR 234-B 7.58 BD 31MY29 FVRS1LAC	Financial	Debenture	1.09%
BHARTI TELECOM LIMITED SR XXV 7.35 NCD 15OT27 FVRS1LAC	Technology	Debenture	1.08%
SHRIRAM PISTONS & RINGS LIMITED SR II 7.35 NCD 23FB28 FVRS1LAC	Consumer Discretionary	Debenture	1.08%
GOVERNMENT OF INDIA 36839 364 DAYS TBILL 17DC26 FV RS 100	Financial	Treasury Bills	1.08%
SK FINANCE LIMITED 9.25 NCD 16JL29 FVRS1LAC	Financial	Debenture	1.08%
SK FINANCE LIMITED 9.1 NCD 10AG29 FVRS1LAC	Financial	Debenture	1.07%
BAJAJ FINANCE LIMITED 7.70 NCD 20SP29 FVRS1LAC	Financial	Non Convertible Debenture	1.07%
EXPORT IMPORT BANK OF INDIA CD 29JAN27	Financial	Certificate of Deposit	1.07%
KOTAK MAHINDRA BANK LIMITED CD 05MAR27	Financial	Certificate of Deposit	1.06%
AXIS BANK LIMITED CD 05MAR27	Financial	Certificate of Deposit	1.06%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CD 02MAR27	Financial	Certificate of Deposit	1.06%
HDFC BANK LIMITED CD 12MAR27	Financial	Certificate of Deposit	1.06%
JIO Credit Limited **	Financial	Commercial Paper	1.06%
LARSEN AND TOUBRO LIMITED 7.725 NCD 28AP28 FVRS1LAC	Industrials	Bonds/NCDs	1.05%
TORRENT PHARMACEUTICALS LTD SR 1 7.45 NCD 19JN28 FVRS1LAC	Healthcare	Debenture	1.04%
INDIAN BANK CD 15JUN27	Financial	Certificate of Deposit	1.04%
TATA CAPITAL HOUSING FINANCE LIMITED SR E 7.30 NCD 11FB28 FVRS1LAC	Financial	Non Convertible Debenture	1.04%
ICICI BANK LIMITED CD 12FEB27	Financial	Certificate of Deposit	1.02%
CANARA BANK CD 12MAR27	Financial	Certificate of Deposit	1.02%
KOTAK MAHINDRA BANK LIMITED CD 12FEB27	Financial	Certificate of Deposit	0.94%
Net Receivables	Unspecified	Net Receivables	0.90%
INDOSTAR CAPITAL FINANCE LIMITED SR XXVI TR I 9.40 NCD 18JU27 FVRS1LAC	Financial	Debenture	0.87%
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED SR 665 RR NCD 27FB29 FVRS1LAC	Financial	Debenture	0.87%
TATA CAPITAL LIMITED SR B RR NCD 21FB29 FVRS1LAC	Financial	Non Convertible Debenture	0.87%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR MIF 1B 6.07 LOA 19NV27 FVRS10LAC	Financial	Debenture	0.86%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 26D 7.01 BD 16MR29 FVRS1LAC	Financial	Bonds	0.86%
REC Limited (19/03/2027)	Financial	Commercial Paper	0.85%
REC LIMITED SR 236-B 7.56 BD 31AG27 FVRS1LAC	Financial	Debenture	0.83%
Repo	Unspecified	Repo	0.72%
STATE DEVELOPMENT LOAN 21110 KER 19DC28 8.19 FV RS 100	Unspecified	State Development Loan	0.67%
GODREJ INDUSTRIES LIMITED SR 1 8.42 NCD 27DC27 FVRS1LAC	Diversified	Debenture	0.66%
EXPORT IMPORT BANK OF INDIA SR AA 03 7.12 BD 27JU30 FVRS1LAC	Financial	Bonds	0.64%
PUNJAB NATIONAL BANK CD 09MAR27	Financial	Certificate of Deposit	0.64%
PUNJAB NATIONAL BANK CD 12MAR27	Financial	Certificate of Deposit	0.64%
BAJAJ HOUSING FINANCE LIMITED 7.53 NCD 28SP29 FVRS1LAC	Financial	Non Convertible Debenture	0.60%
INDOSTAR CAPITAL FINANCE LIMITED SR XXXIII 9.25 NCD 24JN28 FVRS1LAC	Financial	Non Convertible Debenture	0.44%
INDIA INFRASTRUCTURE FINANCE COMPANY LIMITED 7.56 NCD 20MR28 FVRS1LAC	Industrials	Debenture	0.44%
INDOSTAR CAPITAL FINANCE LIMITED 185D CP 15OCT26	Financial	Money Market	0.44%
ICICI BANK LIMITED CD 25MAR27	Financial	Certificate of Deposit	0.42%
SHIVSHAKTI SECURITISATION TRUST SS TRUST PTC 15SEPT25	Unspecified	Securitised Debt	0.42%
Others Class A2 AIF	Unspecified	Alternative Investment Fund	0.31%
EXPORT IMPORT BANK OF INDIA SR Z01 7.45 BD 12AP28 FVRS1LAC	Financial	Debenture	0.28%
7.37% GOI CG 23-10-2028	Entities	GOI Securities	0.22%
MUTHOOT FINANCE LIMITED RR NCD 26JL29 FVRS1LAC	Financial	Debenture	0.22%
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED SR 651 8.20 NCD 17FB28 FVRS1LAC	Financial	Debenture	0.22%
Karnataka State SDL 7.75 01/03/2027	Unspecified	State Development Loan	0.11%

See All

Minimum investments

Min. for 1st investment

₹5,000

Min. for 2nd investment

₹1,000

Min. for SIP

₹99

Returns and rankings

Annualised returns

Absolute returns

Name	3Y	5Y	10Y	All
Fund returns	+7.5%	+6.7%	+6.5%	+5.7%
Category average (Debt Low Duration)	+7.3%	+6.6%	+6.3%	+6.7%
Rank (Debt Low Duration)	4	10	14	--

Exit load, stamp duty and tax

Exit load

Nil

Stamp duty on investment: 0.005% (from July 1st, 2020)

from July 1st 2020

Tax implication

Returns are taxed as per your Income Tax slab.

Check past data

Fund management

BB
Basant Bafna
Feb 2024 - Present
View details

Education

Mr. Bafna has done B.Com, MBA, CS, CA, FRM and CFA

Experience

Prior to joining Mirae Asset Mutual Fund, he has worked with India Exim Bank and Union Bank of India

Also manages these schemes

Mirae Asset Ultra Short to Short Term Fund Direct Growth

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Mirae Asset Equity Savings Fund Direct Growth

Mirae Asset Ultra Short Term Fund Direct Growth

Mirae Asset Balanced Advantage Fund Direct Growth

Mirae Asset Multi Asset Allocation Fund Direct Growth

Mirae Asset Income Plus Arbitrage Active FoF Direct Growth

About Mirae Asset Ultra Short to Short Term Fund Direct Growth

Mirae Asset Ultra Short to Short Term Fund Direct Growth is a Debt Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made available to investors on 30 Nov 2007. Basant Bafna is the Current Fund Manager of Mirae Asset Ultra Short to Short Term Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹2,43,129 Cr and the Latest NAV as of 07 Oct 2026 is ₹2,665.01. The Mirae Asset Ultra Short to Short Term Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is set to ₹99. Minimum Lumpsum Investment is ₹5,000. ;