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.
Mirae Asset Ultra Short Duration Fund Direct Growth has given a CAGR return of 5.63% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 7.69% and 6.13% respectively.
Mirae Asset Ultra Short Duration Fund Direct Growth has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are HDFC Bank Limited, Axis Bank Limited, Small Industries Development Bank Of India, Ongc Petro Additions Limited, Canara Bank
As it is a ultra short duration mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
The investment objective of the scheme is to generate regular income and provide liquidity by investing primarily in a portfolio comprising of debt & money market instruments.There is no assurance or guarantee that the investment objective of the scheme will be realized.
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Mirae Asset Ultra Short Duration Fund Direct Growth has no lock in period.
Expense ratio | 0.21% |
Benchmark | CRISIL Liquid Fund TR INR |
AUM | ₹1672 Cr |
Inception Date | 7 October, 2020 |
Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 342.99% |
Risk | Moderate Risk |
Mirae Asset Ultra Short Duration Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.65% | 0.65% |
6 Month Returns | 3.98% | 3.98% |
1 Year Returns | 7.69% | 7.69% |
3 Years Returns | 19.53% | 6.13% |
5 Years Returns | 0% | 0% |
AAA | 90.53 |
AA | 9.47 |