Mirae Asset Ultra Short Duration Fund Direct Growth

Debt
Direct
Ultra Short Duration
Mirae Asset Ultra Short Duration Fund Direct Growth

About the Fund

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 ₹1428 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.

Returns

Mirae Asset Ultra Short Duration Fund Direct Growth has given a CAGR return of 5.62% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 7.68% and 6.11% respectively.

Holdings

Mirae Asset Ultra Short Duration Fund Direct Growth has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are Small Industries Development Bank Of India, Axis Bank Limited, Ongc Petro Additions Limited, Canara Bank, Rec Limited

Taxation

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.

Investment objective of Mirae Asset Ultra Short Duration Fund Direct Growth

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 and lockin period

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.

Fund Performance
zero opening, trading, fund transfer fee
36 people have invested ₹ 31.4L in Mirae Asset Ultra Short Duration Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.21%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹1428 Cr
Inception Date7 October, 2020
Min Lumpsum/SIP₹5000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
342.99%
Risk
Risk meter
pointer
Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.9%

AAA
90.5%

AA
9.5%

Sector Allocation

Jun'24

May'24

Apr'24

Corporate
54.8%
Cash Equivalent
31.9%
Government
13.3%
All changes are between Oct'69 and Dec'69

as on (30-Jun-24)

  • Debt & Cash

Holdings
Weight%
1M Change
Small Industries Development Bank Of India
Small Industries Development Bank Of India
4.74%
0%
Axis Bank Limited
Axis Bank Limited
4.42%
100%
Ongc Petro Additions Limited
Ongc Petro Additions Limited
4.21%
0%
Canara Bank
Canara Bank
3.39%
100%
Rec Limited
Rec Limited
2.93%
0%

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 5.62% since inception which is less than its category average return of 7.18%
AUM size ₹1428 Cr

AUM size ₹1428 Cr

This fund has AUM of ₹1428 Cr which is less than its category average of ₹ 3354 Cr
Expense Ratio 0.21%

Expense Ratio 0.21%

This fund has an expense ratio of 0.21% 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 ₹1229.69 as on 19-Jul-2024.
Existing (Absolute + CAGR) as on 19-Jul-2024.
Mirae Asset Ultra Short Duration Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.65%
0.65%
6 Month Returns
3.96%
3.96%
1 Year Returns
7.68%
7.68%
3 Years Returns
19.47%
6.11%
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.
0.21% as on June 2024
₹1428 Cr as on June 2024
Small Industries Development Bank Of India(4.74%), Axis Bank Limited(4.42%), Ongc Petro Additions Limited(4.21%), Canara Bank(3.39%), Rec Limited(2.93%) as on June 2024
Corporate(54.79%), Cash Equivalent(31.88%), Government(13.33%) as on June 2024
Yield to Maturity is 7.7 as on June 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 0.52 as on June 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
90.53
AA
9.47
The Exit load of Mirae Asset Ultra Short Duration Fund Direct Growth is 0%