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Mirae Asset Ultra Short Duration Fund Direct Growth
+7.40%
3Y annualised
+0.09% 1D
NAV: 09 Jun '26
₹1,403.52
Min. for SIP
₹99
Fund size (AUM)
₹1,714.86 Cr
Expense ratio
0.23%
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 (46)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| PUNJAB NATIONAL BANK CD 15SEP26 | Financial | Certificate of Deposit | 8.58% |
| GOVERNMENT OF INDIA 37077 091 DAYS TBILL 14MY26 FV RS 100 | Financial | Treasury Bills | 8.44% |
| Reverse Repo | Unspecified | Reverse Repo | 4.89% |
| Power Finance Corporation Ltd Bonds/Deb 7.60 20/02/2027 | Financial | Bonds/Debentures | 3.89% |
| ANGEL ONE LIMITED 91D CP 05JUN26 | Financial | Commercial Paper | 3.50% |
| CANARA BANK CD 15JUN26 | Financial | Certificate of Deposit | 3.50% |
| AXIS BANK LIMITED CD 10AUG26 | Financial | Certificate of Deposit | 3.46% |
| MUTHOOT FINANCE LIMITED 308D CP 08SEP26 | Financial | Commercial Paper | 3.43% |
| KOTAK MAHINDRA BANK LIMITED CD 24SEP26 | Financial | Certificate of Deposit | 3.43% |
| HDFC BANK LIMITED CD 14DEC26 | Financial | Certificate of Deposit | 3.37% |
| TATA CAPITAL HOUSING FINANCE LIMITED 365D CP 03FEB27 | Financial | Commercial Paper | 3.34% |
| HDFC BANK LIMITED CD 24FEB27 | Financial | Certificate of Deposit | 3.32% |
| SUNDARAM HOME FINANCE LIMITED SR 341 7.98 NCD 04SP26 FVRS1LAC | Financial | Debenture | 3.18% |
| KOTAK MAHINDRA BANK LIMITED CD 12FEB27 | Financial | Certificate of Deposit | 3.13% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 24A 7.5 BD 31AU26 FVRS1LAC | Financial | Floating Rate Bond | 2.11% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR I 7.43 BD 31AU26 FVRS1LAC | Financial | Debenture | 2.11% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR II 7.44 BD 04SP26 FVRS1LAC | Financial | Debenture | 1.76% |
| Indian Railway Finance Corporation Ltd SR-121 Bonds 7.27 15/06/2027 | Financial | Bonds | 1.76% |
| EMBASSY OFFICE PARKS REIT SR V TR B 7.05 NCD 18OT26 FVRS10LAC | Real Estate | Non Convertible Debenture | 1.76% |
| SHRIRAM PISTONS & RINGS LIMITED SR I 7.30 NCD 23AG27 FVRS1LAC | Consumer Discretionary | Debenture | 1.75% |
| GOVERNMENT OF INDIA 36838 182 DAYS TBILL 18JU26 FV RS 100 | Financial | Treasury Bills | 1.75% |
| BANK OF BARODA CD 15JUN26 | Financial | Certificate of Deposit | 1.75% |
| EMBASSY OFFICE PARKS REIT 243D CP 16JUN26 | Real Estate | Commercial Paper | 1.75% |
| HDFC BANK LIMITED CD 06NOV26 | Financial | Certificate of Deposit | 1.70% |
| EXPORT IMPORT BANK OF INDIA CD 11NOV26 | Financial | Certificate of Deposit | 1.70% |
| HDFC BANK LIMITED CD 22JAN27 | Financial | Certificate of Deposit | 1.67% |
| ICICI BANK LIMITED CD 12FEB27 | Financial | Certificate of Deposit | 1.67% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CD 02MAR27 | Financial | Certificate of Deposit | 1.66% |
| National Bank For Agriculture and Rural Development (17/03/2027) ** # | Financial | Certificate of Deposit | 1.66% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CD 18MAR27 | Financial | Certificate of Deposit | 1.66% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 24E 7.80 BD 15MR27 FVRS1LAC | Financial | Debenture | 1.41% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR III 7.55 BD 22SP26 FVRS1LAC | Financial | Non Convertible Debenture | 1.41% |
| GOVERNMENT OF INDIA 36680 182 DAYS TBILL 08MY26 FV RS 100 | Financial | Treasury Bills | 1.41% |
| KOTAK MAHINDRA PRIME LIMITED 8.1350 NCD 10FB27 FVRS1LAC | Financial | Non Convertible Debenture | 1.06% |
| INDOSTAR CAPITAL FINANCE LIMITED 185D CP 15OCT26 | Financial | Money Market | 1.02% |
| Net Receivables | Unspecified | Net Receivables | 0.74% |
| INDOSTAR CAPITAL FINANCE LIMITED SR XXIV2026 II 9.95 NCD 26JU26 FVRS1LAC | Financial | Debenture | 0.71% |
| HDFC BANK LIMITED SR AA008 7.77 NCD 28JU27 FVRS10LAC | Financial | Debenture | 0.71% |
| INDOSTAR CAPITAL FINANCE LIMITED SR XXIII2026 I 9.95 NCD 27MY26 FVRS1LAC | Financial | Debenture | 0.71% |
| PIRAMAL FINANCE LIMITED 8.75 NCD 29OCT27 FVRS1LAC | Financial | Bonds/NCDs | 0.71% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CD 06NOV26 | Financial | Certificate of Deposit | 0.68% |
| National Bank For Agriculture and Rural Development (17/02/2027) ** | Financial | Certificate of Deposit | 0.67% |
| Others Class A2 AIF | Unspecified | Alternative Investment Fund | 0.41% |
| STATE DEVELOPMENT LOAN 21110 KER 19DC28 8.19 FV RS 100 | Unspecified | State Development Loan | 0.36% |
| BIRLA GROUP HOLDINGS PRIVATE LIMITED 364D CP 22MAY26 | Financial | Commercial Paper | 0.35% |
| Repo | Unspecified | Repo | 0.01% |
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 | +6.4% | +7.4% | +6.5% | +6.2% |
| Category average (Debt Ultra Short Duration) | +6.7% | +6.8% | +5.7% | -- |
| Rank (Debt Ultra Short Duration) | 10 | 5 | 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) | |
|---|---|---|---|---|
 | +6.59% | +7.45% | 5,454.00 | |
 | +6.40% | +7.40% | 6,167.96 | |
 | +6.32% | +7.29% | 1,197.43 | |
 | +6.32% | +7.29% | 213.25 | |
 | +6.28% | +7.09% | 371.37 | |
| 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 09 Jun 2026 is ₹1,403.52.
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.
;
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,