What is the current price / NAV of Mirae Asset Ultra Short Duration Fund(IDCW)?
The current NAV of Mirae Asset Ultra Short Duration Fund(IDCW) is ₹1303.22, as of 17th April 2025.What are the returns of Mirae Asset Ultra Short Duration Fund(IDCW)?
The Mirae Asset Ultra Short Duration Fund(IDCW) was launched on 7th October 2020. This mutual fund's past returns are as follows:- 1 Year Returns: 8.04%
- 3 Year Returns: 7.18%
What are the top 5 sectoral holdings of Mirae Asset Ultra Short Duration Fund(IDCW)?
The top sectors Mirae Asset Ultra Short Duration Fund(IDCW) has invested in are as follows:- Public Banks | 34.58%
- Private Banks | 21.04%
- Consumer Finance | 11.66%
- Specialized Finance | 10.25%
- Home Financing | 8.09%
What are the top 5 holdings of Mirae Asset Ultra Short Duration Fund(IDCW)?
The top 5 holdings for Mirae Asset Ultra Short Duration Fund(IDCW) are as follows:- ICICI Bank Limited (27/06/2025) # | 8.17%
- 7.77% Power Finance Corporation Limited (15/07/2026) ** | 5.69%
- Canara Bank (16/05/2025) ** # | 5.26%
- 6% HDFC Bank Limited (29/05/2026) ** | 5.22%
- HDFC Bank Limited (24/06/2025) ** # | 4.52%
What is the asset allocation of Mirae Asset Ultra Short Duration Fund(IDCW)?
The asset allocation for Mirae Asset Ultra Short Duration Fund(IDCW) is as follows:- Corporate Debt | 45.17%
- Certificate of Deposit | 38.82%
- Commercial Paper | 6.82%
- Treasury Bills | 4.55%
- Cash & Equivalents | 4.34%
What is the AUM of Mirae Asset Ultra Short Duration Fund(IDCW)?
The AUM (i.e. assets under management) of Mirae Asset Ultra Short Duration Fund(IDCW) is ₹1414.66 Cr as of 17th April 2025.What is the expense ratio of Mirae Asset Ultra Short Duration Fund(IDCW)?
The expense ratio of Mirae Asset Ultra Short Duration Fund(IDCW) Plan is 0.17 as of 17th April 2025.What is the volatility or standard deviation of Mirae Asset Ultra Short Duration Fund(IDCW)?
The volatility or standard deviation for the Mirae Asset Ultra Short Duration Fund(IDCW) is 0.33
Standard deviation measures the volatility or risk associated with the returns of a mutual fund. A higher standard deviation indicates higher volatility, suggesting that the returns of the mutual fund are more spread out from the average. On the other hand, a lower standard deviation implies lower volatility and a more stable performance.
What is the sharpe ratio of Mirae Asset Ultra Short Duration Fund(IDCW)?
The Sharpe ratio for the Mirae Asset Ultra Short Duration Fund(IDCW) is 11.76
The Sharpe ratio is a measure of risk-adjusted return that evaluates the performance of a mutual fund, by adjusting for its risk. Higher Sharpe ratio indicates a better risk-adjusted performance. A positive Sharpe ratio indicates that the MF has provided a return in excess of the risk-free rate for the amount of risk taken. Conversely, a negative Sharpe ratio suggests that the MF did not adequately compensate for the risk.
What is the Sortino ratio of Mirae Asset Ultra Short Duration Fund(IDCW)?
The Sortino Ratio for the Mirae Asset Ultra Short Duration Fund(IDCW) is 1.49
The Sortino ratio of a mutual fund is a measure of its risk-adjusted return, considering only downside volatility. It helps investors evaluate how well a fund is performing relative to its downside risk. A higher Sortino ratio (value >1) means the fund generates better returns for the downside risk taken.
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Mirae Asset Ultra Short Duration Fund(IDCW) Direct IDCW
IDCW
DebtUltra Short Duration Fund
Mid-size FundAssets Under Mgmt: ₹ 1,414 Cr
Moderately Low RiskPrinciple investment will be at moderately low risk
1,303.220.02% (+0.31)
Mirae Asset Ultra Short Duration Fund(IDCW) NAV Price Chart
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DebtUltra Short Duration Fund
Mid-size FundAssets Under Mgmt: ₹ 1,414 Cr
Moderately Low RiskPrinciple investment will be at moderately low risk
Mirae Asset Ultra Short Duration Fund(IDCW) Performance & Key Metrics
| Expense RatioExpense Ratio | No LabelNo Label | No LabelNo Label |
|---|---|---|
| 0.17 | 7.27 | 11.76 |
| No LabelNo Label | No LabelNo Label | No LabelNo Label |
|---|---|---|
| 0.60 | 7.36 | 9.63 |
Mirae Asset Ultra Short Duration Fund(IDCW) Scheme Info
| PlanPlan | Lock inLock in | Exit LoadExit Load |
|---|---|---|
| IDCW | 0 yrs | 0.00% |
| SIP Inv.SIP Inv. | Min. LumpsumMin. Lumpsum |
|---|---|
| Allowed | ₹ 5,000 |
| BenchmarkBenchmark |
|---|
| NIFTY Ultra Short Duration Debt Index |
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.
Mirae Asset Ultra Short Duration Fund(IDCW) Peers & Comparison
Comparing 3 mutual funds from
DebtUltra Short Duration Fund
DebtUltra Short Duration Fund
Returns
Scheme
Ratios
| Mutual Fund | 1Y Returns1Y Returns | 3Y CAGR3Y CAGR | Life CAGRLife CAGR |
|---|---|---|---|
| Mirae Asset Ultra Short Duration Fund(IDCW) | 8.04% | 7.18% | 6.02% |
| Aditya Birla SL Savings Fund(W-IDCW) | 0.18% | -0.02% | 0.04% |
| HDFC Ultra Short Term Fund(M-IDCW Reinv) | -0.21% | 0.08% | 0.13% |
| ICICI Pru Ultra Short Term Fund Fund(W-IDCW Payout) | 0.03% | 0.01% | 0.13% |
Mirae Asset Ultra Short Duration Fund(IDCW) Returns Comparison
Compare Mirae Asset Ultra Short Duration Fund(IDCW) with any MF, ETF, stock or indexCompare Mirae Asset Ultra Short Duration Fund(IDCW) with any MF, ETF, stock or index
Mirae Asset Ultra Short Duration Fund(IDCW)
Hmm, looks like data is unavailable here. Please come back after some timeMirae Asset Ultra Short Duration Fund(IDCW) Asset Allocation
Actual
Target
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Mirae Asset Ultra Short Duration Fund(IDCW) Sector Distribution
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Mirae Asset Ultra Short Duration Fund(IDCW) Sector Weightage
Public Banks
Public Banks as a % of total holdings for last six quarters
Mirae Asset Ultra Short Duration Fund(IDCW) Current Holdings
Debt
Others
- ConstituentHolding Weight3M Change
Holdings
8.17 %
8.17 %Holdings
5.69 %
5.69 %Holdings
5.26 %
5.26 %
AMC Profile of Mirae Asset Ultra Short Duration Fund(IDCW)
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
48
Total AUM
₹ 1,72,233.40 Cr.
Mirae Asset Ultra Short Duration Fund(IDCW) Fund Manager Profile
Basant Bafna
AUM: ₹5,019.49 Cr.
|
Exp: —
Qualification
Data not available
Past Experience
Data not available
Funds Managed (24)
Debt (20)
8.04%
7.18%
0.17%
7.77%
6.95%
0.41%
9.92%
7.52%
0.25%
9.05%
6.68%
1.11%
0.00%
0.03%
0.19%
0.41%
-0.07%
0.19%
-0.06%
0.04%
0.19%
0.42%
0.28%
0.19%
0.40%
-0.02%
0.86%
0.69%
0.37%
0.86%
0.00%
0.03%
0.86%
-0.05%
0.04%
0.86%
7.77%
6.95%
0.41%
9.05%
6.68%
1.11%
9.92%
7.52%
0.25%
0.42%
0.28%
0.19%
0.41%
-0.07%
0.19%
0.40%
-0.02%
0.86%
0.69%
0.37%
0.86%
8.04%
7.18%
0.17%
Mirae Asset Ultra Short Duration Fund(IDCW) Manager Performance (0)
Debt: Ultra Short Duration Fund
Mirae Asset Ultra Short Duration Fund(IDCW) Tax Implications
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Mirae Asset Ultra Short Duration Fund(IDCW) Review & Opinions
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Gains are added to taxable income and taxed according to the individual’s income tax slab
Gains are added to taxable income and taxed according to the individual’s income tax slab
Gains are treated as long-term capital gains and taxed at 12.5%