Mirae Asset Ultra Short Duration Fund Direct Growth - Latest NAV[1048.45], MF Performance & Returns 2022

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Mirae Asset Ultra Short Duration Fund Direct Growth
Debt
Ultra Short Duration
Moderate Risk
0.33%
1M return
-0.01% 1D
1M
6M
1Y
All
 NAV: 19 Jan 2022₹1,048.45
Min. SIP amount₹1,000
RatingNA
Fund size₹219.35Cr
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Ultra Short Duration
Absolute returns
3M6M1YAll
Fund returns0.9%1.9%3.8%4.9%
Category averageNANA3.7%NA
Rank with in category81116NA
Understand terms
Holdings (20)NameSectorInstrumentAssets
IIFL Wealth Prime Ltd.
FinancialCP9.1%
GOI
SovereignCGL7.0%
Reserve Bank of India
FinancialT-Bills6.8%
Reliance Industries Ltd.
EnergyCP6.8%
Reserve Bank of India
FinancialT-Bills6.8%
Reserve Bank of India
FinancialT-Bills6.8%
Godrej Agrovet Ltd.
FMCGCP6.8%
Reserve Bank of India
FinancialT-Bills6.8%
Manappuram Finance Ltd.
FinancialNCD4.6%
Network 18 Media & Investments Ltd.
ServicesCP4.5%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Debt Ultra Short Duration
Pros
Exit load is zero
Lower expense ratio: 0.26%
Average credit rating of the fund's holdings: AAA
This fund has holdings of the highest quality
Cons
Lower AUM: 239Cr.
Funds with lower AUM tend to have higher expense ratio
Low rating: 0
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
31 Dec 2021 - Present
0.27%
30 Nov 2021 - 31 Dec 2021
0.26%
31 Oct 2021 - 30 Nov 2021
0.26%
30 Sep 2021 - 31 Oct 2021
0.26%
31 Aug 2021 - 30 Sep 2021
0.25%
31 Jul 2021 - 31 Aug 2021
0.24%
30 Jun 2021 - 31 Jul 2021
0.24%
31 May 2021 - 30 Jun 2021
0.24%
30 Apr 2021 - 31 May 2021
0.22%
31 Mar 2021 - 30 Apr 2021
0.32%
28 Feb 2021 - 31 Mar 2021
0.30%
31 Jan 2021 - 28 Feb 2021
0.50%
31 Dec 2020 - 31 Jan 2021
0.30%
30 Nov 2020 - 31 Dec 2020
0.30%
31 Oct 2020 - 30 Nov 2020
0.30%
Expense ratio, exit load and taxExpense ratio: 0.26%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000
Fund managementMahendra Kumar Jajoo
Sep 2020 - Present
View details
Education
Mr. Jajoo is a B.Com (H), CS, Chartered Accountant and CFA.
Experience
Prior to joining Mirae Asset Mutual Fund he was Director with AUM Capital Markets Ltd. and also been associated with organisations like PGIM India Mutual Fund, Tata Asset Management Company, BNP Paribas Asset Management India Pvt. Ltd., ABN Amro Securities India Pvt. Ltd. and ICICI Group.
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Fund house & investment objective
Mirae Asset Mutual Fund
Rank (total assets)#13 in India
Total AUM₹70,165.29Cr
Date of Incorporation30 Nov 2007
 Mirae Asset Ultra Short Duration Fund Direct Growth is a Debt Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made a
 Mirae Asset Ultra Short Duration 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. Mahendra Kumar Jajoo is the Current Fund Manager of Mirae Asset Ultra Short Duration Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹70,165 Cr and the Latest NAV as of 19 Jan 2022 is ₹1,048.45.
The Mirae Asset Ultra Short Duration Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000.
...Read more
Investment Objective
The scheme seeks to generate regular income and provide liquidity by investing primarily in a portfolio comprising of debt & money market instruments.
The scheme seeks to generate regular income and provide liquidity by investing primarily in a portfolio comprising of debt & money market instruments.
...Read more
Fund benchmarkNIFTY Ultra Short Duration Debt
Scheme Information Document(SID)
Fund house contact details
Address
Unit 606, 6th Floor, Windsor, Off CST Road, Kalina, Santacruz (E), MUMBAI 400098
Phone
022-67800300
Launch Date
30 Nov 2007
E-mail
[email protected]
Website
NA
Mirae Asset Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]
Website
www.karvymfs.com
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FAQsHow to Invest in Mirae Asset Ultra Short Duration Fund Direct Growth
You can easily invest in Mirae Asset Ultra Short Duration 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 Duration 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 Duration Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance
What kind of returns does Mirae Asset Ultra Short Duration Fund Direct Growth provide?
The Mirae Asset Ultra Short Duration Fund Direct Growth has been there from 08 Oct 2020 and the average annual returns provided by this
fund is 3.79% since its inception.
How much expense ratio is charged by Mirae Asset Ultra Short Duration Fund Direct Growth?
The term Expense Ratio used for Mirae Asset Ultra Short Duration 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 Duration Fund Direct Growth is 0.26% as of 20 Jan 2022...
What is the AUM of Mirae Asset Ultra Short Duration Fund Direct Growth?
The AUM, short for Assets Under Management of Mirae Asset Ultra Short Duration Fund Direct Growth is ₹219.35Cr as of 20 Jan 2022.
How to Redeem Mirae Asset Ultra Short Duration Fund Direct Growth?
If you want to sell your Mirae Asset Ultra Short Duration 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.
Can I invest in SIP and Lump Sum of Mirae Asset Ultra Short Duration Fund Direct Growth?
You can select either SIP  or Lumpsum  investment of Mirae Asset Ultra Short Duration Fund Direct Growth based on your investment objective and risk tolerance.
What is the NAV of Mirae Asset Ultra Short Duration Fund Direct Growth?
The NAV of Mirae Asset Ultra Short Duration Fund Direct Growth is ₹1,048.45 as of 19 Jan 2022.
What is the PE and PB ratio of Mirae Asset Ultra Short Duration Fund Direct Growth?
The PE ratio ratio of Mirae Asset Ultra Short Duration 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).

	3M	6M	1Y	All
Fund returns	0.9%	1.9%	3.8%	4.9%
Category average	NA	NA	3.7%	NA
Rank with in category	8	11	16	NA

Name	Sector	Instrument	Assets
IIFL Wealth Prime Ltd.	Financial	CP	9.1%
GOI	Sovereign	CGL	7.0%
Reserve Bank of India	Financial	T-Bills	6.8%
Reliance Industries Ltd.	Energy	CP	6.8%
Reserve Bank of India	Financial	T-Bills	6.8%
Reserve Bank of India	Financial	T-Bills	6.8%
Godrej Agrovet Ltd.	FMCG	CP	6.8%
Reserve Bank of India	Financial	T-Bills	6.8%
Manappuram Finance Ltd.	Financial	NCD	4.6%
Network 18 Media & Investments Ltd.	Services	CP	4.5%

Rank (total assets)	#13 in India
Total AUM	₹70,165.29Cr

Date of Incorporation	30 Nov 2007

Fund benchmark	NIFTY Ultra Short Duration Debt

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Bengaluru – 560034
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Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹1,000

Rating	NA
Fund size	₹219.35Cr