Mirae Asset Ultra Short Duration Fund Direct Growth
Debt
Direct
Ultra Short Duration
NAV: ₹ 1207.46 as on 22-04-2024
Fund Performance
29 people have invested ₹ 7.3L 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
- Mirae Asset Ultra Short Duration Fund Direct Growth has ₹1489 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.2.
Mirae Asset Ultra Short Duration Fund Direct Growth Overview
 | 0.22% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹1489 Cr |
 | 7 October, 2020 |
 | ₹5000/₹1000 |
 | 0% |
 | No Lock-in |
 TurnOver | 342.99% |
Mirae Asset Ultra Short Duration Fund Direct Growth Distribution as on (31-Dec-69)
Credit rating breakup
AAA
87.1%
AA
12.9%
Sector Allocation
Corporate
56.9%
Cash Equivalent
30.4%
Government
12.7%
Top Holdings of Mirae Asset Ultra Short Duration Fund Direct Growth as on (31-Mar-24)
Debt Holdings63
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 NTPC Ltd. | 4.89% | 0% | |
HDFC Bank Limited | 3.98% | 0% | |
LIC Housing Finance Ltd | 3.35% | 0% | |
Bank Of Baroda | 3.32% | 0% | |
Kotak Mahindra Bank Ltd. | 3.25% | 0% |
See all
Mirae Asset Ultra Short Duration Fund Direct Growth: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 1K Cr as of Mar'24
- AUM decreased by 24.4 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Peer Analysis
Mirae Asset Ultra Short Duration Fund Direct Growth Highlights
Low to Moderate Risk
Investors understand that their principal will be at Low to Moderate Risk
About the fund
This fund has delivered an average annual returns of 5.47% since inception which is less than its category average return of 7.19%
AUM size ₹1489 Cr
This fund has AUM of ₹1489 Cr which is less than its category average of ₹ 2935 Cr
Expense Ratio 0.22%
This fund has an expense ratio of 0.22% which is less than its category average expense ratio of 0.64%
Frequently Asked Questions
The current NAV of Mirae Asset Ultra Short Duration Fund Direct Growth is ₹1207.46 as on 22-Apr-2024.
Existing (Absolute + CAGR) as on 22-Apr-2024.
Mirae Asset Ultra Short Duration Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.75% | 0.75% |
6 Month Returns | 3.94% | 3.94% |
1 Year Returns | 7.63% | 7.63% |
3 Years Returns | 18.39% | 5.79% |
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.
0.22% as on March 2024
₹1489 Cr as on March 2024
NTPC Ltd.(4.89%), HDFC Bank Limited(3.98%), LIC Housing Finance Ltd(3.35%), Bank Of Baroda(3.32%), Kotak Mahindra Bank Ltd.(3.25%) as on March 2024
Corporate(56.91%), Cash Equivalent(30.4%), Government(12.69%) as on March 2024
Yield to Maturity is 7.88 as on March 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 0.42 as on March 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 87.14 |
AA | 12.86 |
The Exit load of Mirae Asset Ultra Short Duration Fund Direct Growth is 0%