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Mirae Asset Ultra Short Duration Fund(IDCW)

IDCW
DebtUltra Short Duration Fund
Mid-size FundAssets Under Mgmt: ₹ 1,584 Cr
Moderately Low RiskPrinciple investment will be at moderately low risk
1,259.500.02% (+0.25)

Price Chart

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Returns
0.00%
1M
6M
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Max
SIP
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1M
6M
1Y
3Y
5Y
Max
SIP

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DebtUltra Short Duration Fund
Mid-size FundAssets Under Mgmt: ₹ 1,584 Cr
Moderately Low RiskPrinciple investment will be at moderately low risk

Key Metrics

Expense RatioExpense RatioNo LabelNo LabelNo LabelNo Label
0.207.5211.97
No LabelNo LabelNo LabelNo LabelNo LabelNo Label
0.607.4410.08

Scheme Info

PlanPlanLock inLock inExit LoadExit Load
IDCW0 yrs0.00%
SIP Inv.SIP Inv.Min. LumpsumMin. Lumpsum
Allowed₹ 5,000
Initial: ₹ 5,000 Incremental: ₹ 1,000
BenchmarkBenchmark

About Ultra Short Duration Fund

Ultra short duration funds are debt funds that lend to companies for a short duration of 3 to 6 months. They are very low-risk funds.

Peers & Comparison

Comparing 3 mutual funds from 
DebtUltra Short Duration Fund
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Mutual Fund1Y Returns1Y Returns3Y CAGR3Y CAGRLife CAGRLife CAGR
Mirae Asset Ultra Short Duration Fund(IDCW)7.90%6.55%5.78%
Aditya Birla SL Savings Fund(W-IDCW)0.04%-0.10%0.02%
HDFC Ultra Short Term Fund(M-IDCW Reinv)0.05%0.05%0.13%
ICICI Pru Ultra Short Term Fund Fund(W-IDCW Payout)-0.09%-0.01%0.14%

Price Comparison

Compare Mirae Asset Ultra Short Duration Fund(IDCW) with any MF, ETF, stock or index
Compare Mirae Asset Ultra Short Duration Fund(IDCW) with any MF, ETF, stock or index
Mirae Asset Ultra Short Duration Fund(IDCW)
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Asset Allocation

Actual

Target

Mar 2024

Jun 2024

Sep 2024

Oct 2024

ACTUAL
+2 moreGovernment SecuritiesTreasury BillsCommercial PaperCertificate of DepositCorporate Debt-4.27%0.95%11.42%14.42%30.85%46.64%

Mar 2024

Jun 2024

Sep 2024

Oct 2024

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Sector Distribution

+6 moreConsumer FinanceInvestment Banking & BrokerageG-SecPrivate BanksPublic Banks11.08 %8.96 %9.26 %12.37 %14.74 %43.60 %

Mar 2024

Jun 2024

Sep 2024

Oct 2024

Tickertape Separator

Sector Weightage

Sep 23Dec 23Mar 24Jun 24Sep 24Oct 2434.34%23.72%30.28%29.68%33.60%43.60%
Public Banks as a % of total holdings for last six quarters
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Current Holdings

Debt

Others

  • Constituent
    Holding Weight
    3M Change
  • 8.27% REC Limited (06/02/2025) **
    CRISIL AAA
    3M change : 5.06 %|CRISIL AAA

    Holdings

    5.06 %

    5.06 %
  • Bank of Baroda (15/05/2025) ** #
    FITCH A1+
    3M change : 4.55 %|FITCH A1+

    Holdings

    4.55 %

    4.55 %
  • Canara Bank (16/01/2025) #
    CRISIL A1+
    3M change : 4.35 %|CRISIL A1+

    Holdings

    4.35 %

    4.35 %

AMC Profile

Mirae Asset Financial Group is one of the key players in the Asian financial market. Its asset management wing, the Mirae Asset Global Investments, commenced operation in 1997 and has expanded its business globally in a relatively short span of time.

  • No.of Schemes

    43

  • Total AUM

    ₹ 1,83,878.12 Cr.

Fund Manager Profile

Basant Bafna

AUM:  ₹3,199.05 Cr.

Sum of AUMs of all funds managed by the fund manager

 | 

Exp:

Manager Performance (0)

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Tax Implications

Invested period < 2 years

Gains are added to taxable income and taxed according to the individual’s income tax slab

Invested period > 2 years(Investments from 1st April 2023)

Gains are added to taxable income and taxed according to the individual’s income tax slab

Invested period > 2 years(Investments before 1st April 2023)

Gains are treated as long-term capital gains and taxed at 12.5%

Let’s calculate your returns after tax

Investment frequency

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One Time

Monthly Investment Amt. (₹)

Investment period (years)

CAGR (%)
This CAGR is calculated based on the actual past return given by the fund during the selected investment period. This is the annualised growth rate assuming monthly compounding.
Annual Income
As per the tax implications, in some cases, tax on MF returns depends on your annual income slab

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