What is the current price / NAV of Mirae Asset Ultra Short-Term Fund(IDCW)?
The current NAV of Mirae Asset Ultra Short-Term Fund(IDCW) is ₹1431.30, as of 18th September 2026.What are the returns of Mirae Asset Ultra Short-Term Fund(IDCW)?
The Mirae Asset Ultra Short-Term Fund(IDCW) was launched on 1st January 1970. This mutual fund's past returns are as follows:- 1 Year Returns: 6.69%
- 3 Year Returns: 7.41%
- 5 Year Returns: 6.68%
What are the top 5 sectoral holdings of Mirae Asset Ultra Short-Term Fund(IDCW)?
The top sectors Mirae Asset Ultra Short-Term Fund(IDCW) has invested in are as follows:- Public Banks | 41.48%
- Specialized Finance | 16.26%
- Miscellaneous | 10.94%
- Home Financing | 8.90%
- Private Banks | 7.82%
What are the top 5 holdings of Mirae Asset Ultra Short-Term Fund(IDCW)?
The top 5 holdings for Mirae Asset Ultra Short-Term Fund(IDCW) are as follows:- TREPS | 10.94%
- HDFC Bank Ltd. (MD 14/12/2026)**# | 6.65%
- Punjab National Bank (MD 10/02/2027)# | 5.88%
- 8.55% Motilal Oswal Home Finance Ltd. (MD 07/01/2027)** | 3.63%
- National Bank for Agriculture and Rural Development (MD 26/02/2027)**# | 3.51%
What is the asset allocation of Mirae Asset Ultra Short-Term Fund(IDCW)?
The asset allocation for Mirae Asset Ultra Short-Term Fund(IDCW) is as follows:- Certificate of Deposit | 41.16%
- Corporate Debt | 38.36%
- Cash & Equivalents | 10.71%
- Commercial Paper | 7.79%
- Treasury Bills | 1.45%
What is the AUM of Mirae Asset Ultra Short-Term Fund(IDCW)?
The AUM (i.e. assets under management) of Mirae Asset Ultra Short-Term Fund(IDCW) is ₹1915.66 Cr as of 18th September 2026.What is the expense ratio of Mirae Asset Ultra Short-Term Fund(IDCW)?
The expense ratio of Mirae Asset Ultra Short-Term Fund(IDCW) Plan is 0.18 as of 18th September 2026.What is the alpha ratio of Mirae Asset Ultra Short-Term Fund(IDCW)?
The alpha ratio for the Mirae Asset Ultra Short-Term Fund(IDCW) is 0.94
Alpha is the excess return of a fund compared to its expected return, based on its beta and the risk-free rate. Positive alpha indicates that the fund has outperformed its expected return, while negative alpha suggests underperformance.
What is the volatility or standard deviation of Mirae Asset Ultra Short-Term Fund(IDCW)?
The volatility or standard deviation for the Mirae Asset Ultra Short-Term Fund(IDCW) is 0.48
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-Term Fund(IDCW)?
The Sharpe ratio for the Mirae Asset Ultra Short-Term Fund(IDCW) is 4.76
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-Term Fund(IDCW)?
The Sortino Ratio for the Mirae Asset Ultra Short-Term Fund(IDCW) is 0.64
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.
Mirae Asset Ultra Short-Term Fund(IDCW) Direct IDCW
Scorecard
Performance
HighThe creamy layer - amongst the top performing Mutual Funds
Risk
HighStay alerted, risk is higher vs others
Cost
AvgMarket standard costs, nothing exciting
Composition
AvgAverage allocation strategy, nothing exciting
Red flags
LowWe got you covered, no major red flags identified
How to use scorecard? Learn more
Mirae Asset Ultra Short-Term Fund(IDCW) Direct IDCW
IDCW
₹1,431.300.03% (+0.46)
High
—
—
Low
—
—
Returns
—
—
1M
6M
1Y
3Y
5Y
Max
SIP
1M
6M
1Y
3Y
5Y
Max
SIP
Scorecard
Performance
HighThe creamy layer - amongst the top performing Mutual Funds
Risk
HighStay alerted, risk is higher vs others
Cost
AvgMarket standard costs, nothing exciting
Composition
AvgAverage allocation strategy, nothing exciting
Red flags
LowWe got you covered, no major red flags identified
How to use scorecard? Learn more
Mirae Asset Ultra Short-Term Fund(IDCW) Performance & Key Metrics
Mirae Asset Ultra Short-Term Fund(IDCW) Performance & Key Metrics
| No LabelNo Label | Expense RatioExpense Ratio | No LabelNo Label |
|---|---|---|
| 0.23 | 0.18 | 4.76 |
| No LabelNo Label | No LabelNo Label | No LabelNo Label |
|---|---|---|
| 0.59 | 4.36 | 7.09 |
Mirae Asset Ultra Short-Term Fund(IDCW) Scheme InfoMirae Asset Ultra Short-Term Fund(IDCW) Scheme Info
| PlanPlan | Lock inLock in Lock in Period Period before which your investment can't be withdrawn from the MF scheme | Exit LoadExit Load Exit Load The fee that the AMC charges investors at the time of exiting or redeeming their fund units. |
|---|---|---|
| IDCW | 0 yrs | 0.00% |
| SIP Inv.SIP Inv. Sip Investment If SIP investments are allowed in the fund or not | Min. LumpsumMin. Lumpsum Minimum Lumpsum Inv Amount Minimum investment the AMC allows in the given scheme via lumpsum route |
|---|---|
| Allowed | ₹ 5,000 |
| BenchmarkBenchmark Benchmark Index Benchmark index wrt which performance of the fund is tracked |
|---|
| — |
About Ultra Short Term
About Ultra Short Term
-
Mirae Asset Ultra Short-Term Fund(IDCW) Peers
Mirae Asset Ultra Short-Term Fund(IDCW) Peers & Comparison
Comparing 3 mutual funds from
DebtUltra Short Term
DebtUltra Short Term
Returns
Scheme
Ratios
| Mutual Fund | 1Y Returns1Y Returns | 3Y CAGR3Y CAGR | Life CAGRLife CAGR |
|---|---|---|---|
| Mirae Asset Ultra Short-Term Fund(IDCW) | 6.69% | 7.41% | 6.21% |
| Aditya Birla SL Ultra Short Term Fund(W-IDCW) | -0.13% | 0.07% | 0.03% |
| HDFC Ultra Short Term Fund(M-IDCW Reinv) | -0.01% | -0.01% | 0.11% |
| ICICI Pru Ultra Short Term Fund(W-IDCW Payout) | -0.02% | -0.02% | 0.11% |
Mirae Asset Ultra Short-Term Fund(IDCW) Returns Comparison
Compare Mirae Asset Ultra Short-Term Fund(IDCW) with any MF, ETF, stock or indexCompare Mirae Asset Ultra Short-Term Fund(IDCW) with any MF, ETF, stock or index
Mirae Asset Ultra Short-Term Fund(IDCW)
Hmm, looks like data is unavailable here. Please come back after some timeMirae Asset Ultra Short-Term Fund(IDCW) Portfolio
Mirae Asset Ultra Short-Term Fund(IDCW) Asset Allocation
Mirae Asset Ultra Short-Term Fund(IDCW) Asset Allocation
Actual
Target
Dec 2025
Mar 2026
Jun 2026
Aug 2026
Dec 2025
Mar 2026
Jun 2026
Aug 2026
Mirae Asset Ultra Short-Term Fund(IDCW) Sector Distribution
Mirae Asset Ultra Short-Term Fund(IDCW) Sector Distribution
Dec 2025
Mar 2026
Jun 2026
Aug 2026
Mirae Asset Ultra Short-Term Fund(IDCW) Sector Weightage
Mirae Asset Ultra Short-Term Fund(IDCW) Sector Weightage
Public Banks
Public Banks as a % of total holdings for last six quarters
Mirae Asset Ultra Short-Term Fund(IDCW) Current Holdings
Mirae Asset Ultra Short-Term Fund(IDCW) Current Holdings
Debt
Others
- ConstituentHolding Weight3M Change
Holdings
6.65 %
0.04 %Holdings
5.88 %
5.88 %Holdings
3.63 %
3.63 %
AMC Profile of Mirae Asset Ultra Short-Term Fund(IDCW)
AMC Profile of Mirae Asset Ultra Short-Term 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.
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
57
Total AUM
₹ 2,18,035.23 Cr.
Mirae Asset Ultra Short-Term Fund(IDCW) Manager Details
Mirae Asset Ultra Short-Term Fund(IDCW) Manager Details
Mirae Asset Ultra Short-Term Fund(IDCW) Manager Profile
Mirae Asset Ultra Short-Term Fund(IDCW) Manager Profile
Qualification
CFA, FRM, MBA (Finance)
Past Experience
Mr. Basant Bafna has over 12 years of experience in the banking industry. Prior to this assignment, Mr. Basant Bafna worked as Chief Dealer and Assistant General Manager with Export-Import Bank of India.
Funds Managed (22)
Debt (12)
1Y Returns
6.69%
6.69%
3Y CAGR
7.41%
7.41%
Base Exp. Ratio
0.18%
0.18%
1Y Returns
5.32%
5.32%
3Y CAGR
7.34%
7.34%
Base Exp. Ratio
0.21%
0.21%
1Y Returns
4.84%
4.84%
3Y CAGR
6.93%
6.93%
Base Exp. Ratio
0.14%
0.14%
1Y Returns
0.01%
0.01%
3Y CAGR
0.00%
0.00%
Base Exp. Ratio
0.17%
0.17%
1Y Returns
0.04%
0.04%
3Y CAGR
0.02%
0.02%
Base Exp. Ratio
0.17%
0.17%
1Y Returns
0.46%
0.46%
3Y CAGR
0.52%
0.52%
Base Exp. Ratio
0.17%
0.17%
1Y Returns
0.04%
0.04%
3Y CAGR
0.04%
0.04%
Base Exp. Ratio
0.17%
0.17%
1Y Returns
5.32%
5.32%
3Y CAGR
7.34%
7.34%
Base Exp. Ratio
0.21%
0.21%
1Y Returns
4.84%
4.84%
3Y CAGR
6.93%
6.93%
Base Exp. Ratio
0.14%
0.14%
1Y Returns
0.46%
0.46%
3Y CAGR
0.52%
0.52%
Base Exp. Ratio
0.17%
0.17%
1Y Returns
0.04%
0.04%
3Y CAGR
0.02%
0.02%
Base Exp. Ratio
0.17%
0.17%
1Y Returns
6.69%
6.69%
3Y CAGR
7.41%
7.41%
Base Exp. Ratio
0.18%
0.18%
Mirae Asset Ultra Short-Term Fund(IDCW) Manager Performance (0)
Mirae Asset Ultra Short-Term Fund(IDCW) Manager Performance (0)
Debt: Ultra Short Term
Mirae Asset Ultra Short-Term Fund(IDCW) Review & Opinions
Mirae Asset Ultra Short-Term Fund(IDCW) Review & Opinions
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