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Mirae Asset Ultra Short Duration Fund Direct Growth
Debt
Ultra Short Duration
Low to Moderate Risk
+7.49%
3Y annualised
0.00% 1D
NAV: 16 Jan '26
₹1,366.87
Min. SIP amount
₹99
Fund size
₹2,067.19 Cr
Expense ratio
0.17%
Return calculator
Monthly SIP
One time
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 1 year | ₹60,000 | ₹61,845 | +3.08% | |
| 3 years | ₹1,80,000 | ₹2,00,357 | +11.31% | |
| 5 years | ₹3,00,000 | ₹3,56,473 | +18.82% |
Holdings (56)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| Reserve Bank of India | Financial | T-Bills | 5.04% |
| National Bank For Agriculture & Rural Development | Financial | Debenture | 4.85% |
| Reserve Bank of India | Financial | T-Bills | 4.79% |
| Indian Bank | Financial | CD | 4.74% |
| Axis Bank Ltd. Warrant | Financial | CD | 4.74% |
| Union Bank of India | Financial | CD | 4.72% |
| Bajaj Housing Finance Ltd. | Financial | Bonds/NCD | 3.64% |
| Reserve Bank of India | Financial | T-Bills | 3.59% |
| Kotak Mahindra Bank Ltd. | Financial | CD | 3.54% |
| Export-Import Bank Of India | Financial | CP | 3.54% |
| Union Bank of India | Financial | CD | 3.52% |
| Axis Bank Ltd. | Financial | CD | 2.82% |
| Axis Bank Ltd. | Financial | CD | 2.60% |
| Shriram Finance Ltd | Financial | Debenture | 2.43% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | Debenture | 2.43% |
| Indian Railway Finance Corporation Ltd. | Financial | Debenture | 2.42% |
| HDB Financial Services Ltd. | Financial | Debenture | 2.41% |
| Reserve Bank of India | Financial | T-Bills | 2.39% |
| Bajaj Finance Ltd. | Financial | Debenture | 2.39% |
| 360 ONE Wealth Ltd. | Financial | CP | 2.38% |
| Bank Of Baroda | Financial | CD | 2.36% |
| Canara Bank | Financial | CD | 2.36% |
| Canara Bank | Financial | CD | 2.36% |
| Muthoot Finance Ltd. | Financial | CP | 2.30% |
| Bank Of Baroda | Financial | CD | 2.29% |
| Small Industries Devp. Bank of India Ltd. | Financial | NCD | 2.19% |
| Small Industries Devp. Bank of India Ltd. | Financial | CP | 1.65% |
| HDFC Bank Ltd. | Financial | Debenture | 1.47% |
| HDFC Bank Ltd. | Financial | NCD | 1.22% |
| Power Grid Corporation Of India Ltd. | Energy | Debenture | 1.22% |
| Indian Railway Finance Corporation Ltd. | Financial | Bonds | 1.22% |
| National Bank For Agriculture & Rural Development | Financial | Debenture | 1.21% |
| Embassy Office Parks REIT | Construction | NCD | 1.21% |
| Angel One Ltd. | Financial | CP | 1.20% |
| Angel One Ltd. | Financial | CP | 1.19% |
| Bank Of Baroda | Financial | CD | 1.18% |
| HDFC Bank Ltd. | Financial | CD | 1.18% |
| Bank Of Baroda | Financial | CD | 1.18% |
| IDBI Bank Ltd. | Financial | CD | 1.18% |
| Embassy Office Parks REIT | Construction | CP | 1.17% |
| Power Finance Corporation Ltd. | Financial | Debenture | 1.17% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 1.15% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 1.15% |
| HDFC Bank Ltd. | Financial | CD | 1.15% |
| Export-Import Bank Of India | Financial | CD | 1.14% |
| Axis Bank Ltd. | Financial | CD | 1.14% |
| Indian Bank | Financial | CD | 1.13% |
| Piramal Finance Pvt. Ltd. | Financial | Bonds/NCD | 0.97% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 0.60% |
| Indostar Capital Finance Ltd. | Financial | Debenture | 0.49% |
| Indostar Capital Finance Ltd. | Financial | Debenture | 0.49% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 0.46% |
| Kerala State | Others | SDL | 0.25% |
| National Bank For Agriculture & Rural Development | Financial | FRB | 0.24% |
| Birla Group Holdings Pvt. Ltd. | Financial | CP | 0.24% |
| LIC Housing Finance Ltd. | Financial | Debenture | 0.05% |
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 | +7.2% | +7.5% | +6.2% | +6.1% |
| Category average (Debt Ultra Short Duration) | +6.7% | +6.8% | +5.7% | -- |
| Rank (Debt Ultra Short Duration) | 8 | 6 | 8 | -- |
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 | +7.31% | +7.52% | 4,560.56 | |
Mirae Asset Ultra Short Duration Fund Direct Growth | +7.19% | +7.49% | 2,067.19 | |
Invesco India Ultra Short Duration Fund Direct Growth | +7.14% | +7.40% | 1,233.91 | |
Mahindra Manulife Ultra Short Duration Fund Direct Growth | +7.03% | +7.38% | 218.94 | |
PGIM India Ultra Short Duration Direct Growth | +6.84% | +7.21% | 174.71 | |
| 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 ₹2,28,206 Cr and the Latest NAV as of 16 Jan 2026 is ₹1,366.87.
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₹2,28,206.30 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,