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Invest in direct mutual funds at zero charges via lump sump investments or SIPs
Mirae Asset Ultra Short Term Fund Direct Growth
+7.36%
3Y annualised
-0.01% 1D
NAV: 13 Nov '26
₹1,444.77
Min. for SIP
₹99
Fund size (AUM)
₹1,894.00 Cr
Expense ratio
0.22%
Rating
4
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 6 months | ₹30,000 | ₹30,406 | +1.35% | |
| 1 year | ₹60,000 | ₹61,853 | +3.09% | |
| 3 years | ₹1,80,000 | ₹1,99,232 | +10.68% | |
| 5 years | ₹3,00,000 | ₹3,57,278 | +19.09% |
Holdings (57)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| GOVERNMENT OF INDIA 37831 182 DAYS TBILL 11FB27 FV RS 100 | Financial | Treasury Bills | 6.49% |
| HDFC BANK LIMITED CD 24FEB27 | Financial | Certificate of Deposit | 6.44% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CD 26FEB27 | Financial | Certificate of Deposit | 3.86% |
| HDFC BANK LIMITED CD 12MAR27 | Financial | Certificate of Deposit | 3.85% |
| Small Industries Development Bank of India (25/03/2027) # | Financial | Commercial Paper | 3.84% |
| MUTHOOT FINANCE LIMITED 8.60 NCD 02MR28 FVRS1LAC | Financial | Non Convertible Debenture | 3.15% |
| REC LIMITED SR 231A 7.64 BD 30AP27 FVRS1LAC | Financial | Non Convertible Debenture | 2.89% |
| MAHINDRA AND MAHINDRA FINANCIAL SERVICES LIMITED SR AC2026 RR NCD 18MY29 FVRS1LAC | Financial | Debenture | 2.64% |
| Power Finance Corporation Ltd Bonds/Deb 7.60 20/02/2027 | Financial | Bonds/Debentures | 2.64% |
| REC LIMITED SR 230-A 7.71 BD 26FB27 FVRS1LAC | Financial | Bonds | 2.64% |
| MOTILAL OSWAL HOME FINANCE LIMITED SR MOHFL2425 1 8.55 NCD 07JN27 | Financial | Debenture | 2.64% |
| CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED SR 665 RR NCD 27FB29 FVRS1LAC | Financial | Debenture | 2.63% |
| TATA PROJECTS LIMITED SR P 8.33 NCD 24JU27 FVRS1LAC | Industrials | Debenture | 2.63% |
| EXPORT IMPORT BANK OF INDIA 363D CP 25JAN27 | Financial | Commercial Paper | 2.59% |
| TATA CAPITAL HOUSING FINANCE LIMITED 365D CP 03FEB27 | Financial | Commercial Paper | 2.59% |
| National Bank For Agriculture and Rural Development (17/02/2027) ** | Financial | Certificate of Deposit | 2.58% |
| 182 DTB (18-MAR-2027) | Financial | Treasury Bills | 2.58% |
| MUTHOOT FINANCE LIMITED RR NCD 26JL29 FVRS1LAC | Financial | Debenture | 2.38% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR IV 7.79 BD 19AP27 FVRS1LAC | Financial | Bonds | 2.37% |
| REC Limited (19/03/2027) | Financial | Commercial Paper | 2.05% |
| 182 Days Tbill 2027 | Financial | Treasury Bills | 1.80% |
| CANARA BANK CD 12MAR27 | Financial | Certificate of Deposit | 1.80% |
| Power Finance Corporation Ltd SR-164 Bonds 7.75 22/03/2027 | Financial | Bonds | 1.74% |
| TATA CAPITAL LIMITED SR B RR NCD 21FB29 FVRS1LAC | Financial | Non Convertible Debenture | 1.58% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CD 11JUN27 | Financial | Certificate of Deposit | 1.51% |
| 360 ONE PRIME LIMITED RR NCD 25JL28 FVRS1LAC | Financial | Debenture | 1.33% |
| AADHAR HOUSING FINANCE LIMITED 8.65 NCD 21AG27 FVRS1LAC | Financial | Debenture | 1.32% |
| ADITYA BIRLA RENEWABLES LIMITED 8.6 NCD 24SP27 FVRS1LAC | Energy & Utilities | Bonds/NCDs | 1.32% |
| TATA CAPITAL HOUSING FINANCE LIMITED SR G 8 NCD 03NV27 FVRS10LAC | Financial | Bonds | 1.31% |
| Export-Import Bank Of India 7.22 03/08/2027 | Financial | Debenture | 1.31% |
| BANK OF BARODA CD 15DEC26 | Financial | Certificate of Deposit | 1.31% |
| SHRIRAM PISTONS & RINGS LIMITED SR I 7.30 NCD 23AG27 FVRS1LAC | Consumer Discretionary | Debenture | 1.31% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25C 7.44 BD 24FB28 FVRS1LAC | Financial | Bonds | 1.31% |
| SK FINANCE LIMITED 9.25 NCD 16JL29 FVRS1LAC | Financial | Debenture | 1.30% |
| BHARTI TELECOM LIMITED SR XXVII 7.30 NCD 01DC27 FVRS1LAC | Technology | Debenture | 1.30% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CD 22JAN27 | Financial | Certificate of Deposit | 1.30% |
| INDIAN BANK CD 29JAN27 | Financial | Certificate of Deposit | 1.30% |
| INDIAN BANK CD 09FEB27 | Financial | Certificate of Deposit | 1.29% |
| PUNJAB NATIONAL BANK CD 10FEB27 | Financial | Certificate of Deposit | 1.29% |
| SUNDARAM FINANCE LIMITED 306D CP 15FEB27 | Financial | Commercial Paper | 1.29% |
| PUNJAB NATIONAL BANK CD 26FEB27 | Financial | Certificate of Deposit | 1.29% |
| ** - SMALL INDUST DEVLOP BANK OF INDIA - CD - 27/10/2027 | Financial | Certificate of Deposit | 1.22% |
| PUNJAB NATIONAL BANK CD 05FEB27 | Financial | Certificate of Deposit | 1.19% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CD 20AUG27 | Financial | Certificate of Deposit | 1.19% |
| CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED SR 646 8.50 NCD 25JL27 FVRS1LAC | Financial | Non Convertible Debenture | 1.05% |
| PUNJAB NATIONAL BANK CD 09FEB27 | Financial | Certificate of Deposit | 1.03% |
| HDFC Bank Limited** | Financial | Certificate of Deposit | 1.03% |
| MANAPPURAM FINANCE LIMITED 8.60 NCD 27MR28 FVRS1LAC | Financial | Non Convertible Debenture | 0.94% |
| INDOSTAR CAPITAL FINANCE LIMITED SR XXXIII 9.25 NCD 24JN28 FVRS1LAC | Financial | Non Convertible Debenture | 0.79% |
| BAJAJ FINANCE LIMITED 7.7951 NCD 10DC27 FVRS1LAC | Financial | Debenture | 0.79% |
| GOVERNMENT OF INDIA 37862 182 DAYS TBILL 26FB27 FV RS 100 | Financial | Treasury Bills | 0.78% |
| MANAPPURAM FINANCE LIMITED 8.60 NCD 24MR28 FVRS1LAC | Financial | Debenture | 0.52% |
| TATA CAPITAL HOUSING FINANCE LIMITED SR C 7.86 NCD 21SP29 FVRS1LAC | Financial | Debenture | 0.52% |
| PUNJAB NATIONAL BANK CD 09MAR27 | Financial | Certificate of Deposit | 0.51% |
| Others Class A2 AIF | Unspecified | Alternative Investment Fund | 0.31% |
| STATE DEVELOPMENT LOAN 21110 KER 19DC28 8.19 FV RS 100 | Unspecified | State Development Loan | 0.27% |
| Net Payables | Unspecified | Net Payables | -4.93% |
Minimum investments
Min. for 1st investment
₹5,000
Min. for 2nd investment
₹1,000
Min. for SIP
₹99
Returns and rankings
| Name | 1Y | 3Y | 5Y | All |
|---|---|---|---|---|
| Fund returns | +6.6% | +7.4% | +6.8% | +6.2% |
| Category average (Debt Ultra Short Term) | +6.5% | +7.1% | +6.6% | +7.2% |
| Rank (Debt Ultra Short Term) | 12 | 5 | 6 | -- |
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.
Compare similar funds
| Name | 1Y | 3Y | Fund Size(Cr) | |
|---|---|---|---|---|
 | +6.94% | +7.46% | 5,711.87 | |
| +6.61% | +7.36% | 1,894.00 | |
 | +6.68% | +7.29% | 1,664.65 | |
 | +6.73% | +7.21% | 1,279.71 | |
 | +6.15% | +6.39% | 500.10 | |
| Compare | ||||
Fund management
About Mirae Asset Ultra Short Term Fund Direct Growth
Mirae Asset Ultra Short Term 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 Term Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹2,27,814 Cr and the Latest NAV as of 13 Nov 2026 is ₹1,444.77.
The Mirae Asset Ultra Short Term Fund Direct Growth is rated 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₹2,27,814.34 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,