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Mirae Asset Ultra Short Duration Fund Direct Growth
+7.33%
3Y annualised
-0.03% 1D
NAV: 20 May '26
₹1,395.46
Min. for SIP
₹99
Fund size (AUM)
₹1,419.73 Cr
Expense ratio
0.18%
Rating
4
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 6 months | ₹30,000 | ₹30,377 | +1.26% | |
| 1 year | ₹60,000 | ₹61,684 | +2.81% | |
| 3 years | ₹1,80,000 | ₹1,99,422 | +10.79% | |
| 5 years | ₹3,00,000 | ₹3,56,192 | +18.73% |
Holdings (42)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| Punjab National Bank | Financial | CD | 8.58% |
| Reserve Bank of India | Financial | T-Bills | 8.44% |
| Power Finance Corporation Ltd. | Financial | Bonds/Deb | 3.89% |
| Angel One Ltd. | Financial | CP | 3.50% |
| Canara Bank | Financial | CD | 3.50% |
| Axis Bank Ltd. | Financial | CD | 3.46% |
| Muthoot Finance Ltd. | Financial | CP | 3.43% |
| Kotak Mahindra Bank Ltd. | Financial | CD | 3.43% |
| HDFC Bank Ltd. | Financial | CD | 3.37% |
| Tata Capital Housing Finance Ltd. | Financial | CP | 3.34% |
| HDFC Bank Ltd. | Financial | CD | 3.32% |
| Sundaram Home Finance Ltd. | Financial | Debenture | 3.18% |
| Kotak Mahindra Bank Ltd. | Financial | CD | 3.13% |
| National Bank For Agriculture & Rural Development | Financial | FRB | 2.11% |
| Small Industries Devp. Bank of India Ltd. | Financial | Debenture | 2.11% |
| Small Industries Devp. Bank of India Ltd. | Financial | Debenture | 1.76% |
| Indian Railway Finance Corporation Ltd. | Financial | Bonds | 1.76% |
| Embassy Office Parks REIT | Construction | NCD | 1.76% |
| Shriram Pistons & Rings Ltd | Automobile | Debenture | 1.75% |
| Reserve Bank of India | Financial | T-Bills | 1.75% |
| Bank Of Baroda | Financial | CD | 1.75% |
| Embassy Office Parks REIT | Construction | CP | 1.75% |
| HDFC Bank Ltd. | Financial | CD | 1.70% |
| Export-Import Bank Of India | Financial | CD | 1.70% |
| HDFC Bank Ltd. | Financial | CD | 1.67% |
| ICICI Bank Ltd. | Financial | CD | 1.67% |
| National Bank For Agriculture & Rural Development | Financial | CD | 1.66% |
| National Bank For Agriculture & Rural Development | Financial | CD | 1.66% |
| National Bank For Agriculture & Rural Development | Financial | CD | 1.66% |
| National Bank For Agriculture & Rural Development | Financial | Debenture | 1.41% |
| Small Industries Devp. Bank of India Ltd. | Financial | NCD | 1.41% |
| Reserve Bank of India | Financial | T-Bills | 1.41% |
| Kotak Mahindra Prime Ltd. | Financial | NCD | 1.06% |
| Indostar Capital Finance Ltd. | Financial | Money Mkt | 1.02% |
| Indostar Capital Finance Ltd. | Financial | Debenture | 0.71% |
| HDFC Bank Ltd. | Financial | Debenture | 0.71% |
| Indostar Capital Finance Ltd. | Financial | Debenture | 0.71% |
| Piramal Finance Pvt. Ltd. | Financial | Bonds/NCD | 0.71% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 0.68% |
| National Bank For Agriculture & Rural Development | Financial | CD | 0.67% |
| Kerala State | Others | SDL | 0.36% |
| Birla Group Holdings Pvt. Ltd. | Financial | CP | 0.35% |
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 | 1Y | 3Y | 5Y | All |
|---|---|---|---|---|
| Fund returns | +6.3% | +7.3% | +6.4% | +6.1% |
| Category average (Debt Ultra Short Duration) | +6.7% | +6.8% | +5.7% | -- |
| Rank (Debt Ultra Short Duration) | 13 | 6 | 7 | -- |
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
Compare similar funds
| Name | 1Y | 3Y | Fund Size(Cr) | |
|---|---|---|---|---|
Tata Ultra Short Term Fund Direct Growth | +6.57% | +7.39% | 5,712.94 | |
Axis Ultra Short Duration Fund Direct Growth | +6.40% | +7.35% | 5,916.37 | |
Invesco India Ultra Short Duration Fund Direct Growth | +6.36% | +7.25% | 1,073.27 | |
UTI Ultra Short Duration Fund Direct Growth | +6.31% | +7.25% | 4,126.04 | |
SBI Ultra Short Duration Fund Direct Growth | +6.11% | +7.09% | 12,552.96 | |
| Compare | ||||
Fund management
BBBasant BafnaJan 2023 - PresentView details
BB
Basant Bafna
Jan 2023 - Present
View details
About Mirae Asset Ultra Short Duration Fund Direct Growth
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. Basant Bafna 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 ₹2,23,763 Cr and the Latest NAV as of 20 May 2026 is ₹1,395.46.
The Mirae Asset Ultra Short Duration Fund Direct Growth is rated Low to Moderate risk. Minimum SIP Investment is set to ₹99. Minimum Lumpsum Investment is ₹5,000.
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Investment Objective
The scheme seeks to generate regular income and provide liquidity by investing primarily in a portfolio comprising of debt & money market instruments.
Fund benchmarkNIFTY Ultra Short Duration Debt Index A-I
Fund house
Rank (total assets)#13 in India
Total AUM₹2,23,763.22 Cr
Date of Incorporation30 Nov 2007
Launch Date30 Nov 2007
AddressUnit No.606 - 6th Floor,Windsor Building - Off. CST Road,Kalina, Santacruz (East), Mumbai 400098
Websitewww.karvymfs.com
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,