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Home>Mutual Funds>Mirae Asset Mutual Fund>Mirae Asset Ultra Short Duration Fund Direct Growth

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

Returns and rankings

Category: 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%
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%
FinancialNCD4.6%
ServicesCP4.5%
See All

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

Expense ratio, exit load and tax

Expense ratio: 0.26%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns 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 amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000

Fund management

Mahendra Kumar Jajoo
Sep 2020 - Present
View details

Fund house & investment objective

Fund house contact details

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FAQs

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