Mirae Asset Ultra Short Duration Fund Direct Growth

Mirae Asset Ultra Short Duration Fund Direct Growth

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Debt
Direct
Ultra Short Duration
NAV: ₹ 1191.1 as on 22-02-2024
Fund Performance
zero opening, trading, fund transfer fee
28 people have invested ₹ 16.5L in Mirae Asset Ultra Short Duration Fund Direct Growth in the last three months

About the Mirae Asset Ultra Short Duration Fund Direct Growth

Mirae Asset Ultra Short Duration Fund Direct Growth is a debt fund. This fund was started on 7 October, 2020. The fund is managed by . This fund is suitable to keep your money safe.

Key Parameters

  1. Mirae Asset Ultra Short Duration Fund Direct Growth has ₹665 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.2.

Mirae Asset Ultra Short Duration Fund Direct Growth Overview

Expense ratio
Expense ratio
0.23%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹665 Cr
Inception Date
Inception Date
7 October, 2020
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
342.99%

Mirae Asset Ultra Short Duration Fund Direct Growth Distribution as on (31-Dec-69)

  • Debt & Cash 99.8%

Credit rating breakup

AAA
92.9%
AA
7.1%
Sector Allocation

Jan'24

Dec'23

Nov'23

Corporate
48.5%
Government
27.9%
Cash Equivalent
23.6%

Top Holdings of Mirae Asset Ultra Short Duration Fund Direct Growth as on (31-Jan-24)

  • Debt & Cash

Debt Holdings49
Holdings
Weight%
1M Change
182 DTB 13062024
182 DTB 13062024
5.15%
100%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
3.89%
0%
Rec Limited
Rec Limited
3.76%
150%
Punjab National Bank
Punjab National Bank
3.72%
100%
Canara Bank
Canara Bank
3.69%
0%

Mirae Asset Ultra Short Duration Fund Direct Growth: Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 610.2 Cr
₹ 546.2 Cr
₹ 552.6 Cr
  • AUM of the fund stands at 610.2 Cr as of Jan'24
  • AUM increased by 64.1 Cr between Jan'24 and Dec'23
Fund Portfolio Changes

Mirae Asset Ultra Short Duration Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 5.31% since inception which is less than its category average return of 7.16%
AUM size ₹665 Cr

AUM size ₹665 Cr

This fund has AUM of ₹665 Cr which is less than its category average of ₹ 2873 Cr
Expense Ratio 0.23%

Expense Ratio 0.23%

This fund has an expense ratio of 0.23% which is less than its category average expense ratio of 0.63%

Frequently Asked Questions

The current NAV of Mirae Asset Ultra Short Duration Fund Direct Growth is ₹1191.11 as on 22-Feb-2024.
Existing (Absolute + CAGR) as on 22-Feb-2024.
Mirae Asset Ultra Short Duration Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.66%
0.66%
6 Month Returns
3.66%
3.66%
1 Year Returns
7.51%
7.51%
3 Years Returns
17.52%
5.53%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.23% as on January 2024
₹665 Cr as on January 2024
182 DTB 13062024(5.15%), National Bank For Agriculture And Rural Development(3.89%), Rec Limited(3.76%), Punjab National Bank(3.72%), Canara Bank(3.69%) as on January 2024
Cash Equivalent(50.97%), Corporate(33.22%), Government(15.81%) as on January 2024
Yield to Maturity is 7.98 as on January 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.41 as on January 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
92.93
AA
7.07
The Exit load of Mirae Asset Ultra Short Duration Fund Direct Growth is 0%