Mirae Asset Ultra Short-Term Fund Direct Growth

Mirae Asset Ultra Short-Term Fund Direct Growth

Debt

Mirae Mutual Fund

Ultra Short Duration

Get the latest NAV of Mirae Asset Ultra Short-Term Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹1444.06

▲0.1%1D

NAV as on 09 Nov 2026

6.22%/per year

Since Inception

Absolute Gain%

▲▼

176 people have invested ₹ 77.8L in Mirae Asset Ultra Short Term Fund in the last three months

Mirae Asset Ultra Short Term Fund Performance vs. Ultra Short Duration Index

Fund returns vs Benchmark returns vs Category Average returns as on (09-Nov-26)

The fund has consistently outperformed the benchmark (Ultra Short Duration Index) over the last 1Y, 3Y, 5Y time periods.

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
0.43%
1.55%
3.49%
6.68%
7.38%
6.77%
Ultra Short Duration Index
0.29%
1.24%
2.78%
5.45%
5.9%
5.56%
Ultra Short Duration Avg
0.32%
1.25%
2.99%
5.91%
6.66%
6.15%
Best in Ultra Short Duration
0.45%
1.61%
3.54%
6.92%
7.52%
7.05%
Worst in Ultra Short Duration
0.36%
1.38%
3.08%
6.1%
6.38%
5.85%
Category Rank
3/20
4/18
8/17
2/19
12/16
--

Peer comparison

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
3Y Alpha
3Y Beta
3Y Sharpe
3Y Sortino
3Y Info Ratio
Mirae Asset Ultra Short Term Fund
3/20
1,808Cr
0.23%
6.68%
7.38%
0.05
1.19
2.07
5.96
1.14
Sundaram Ultra Short Term Fund
1/20
2,108Cr
0.19%
6.52%
7.22%
0.02
1.07
2.01
5.66
0.48
Tata Ultra Short Term Fund
2/20
5,404Cr
0.33%
6.97%
7.46%
0.26
1.05
2.51
8.64
1.72
Invesco India Ultra Short Term Fund
4/20
1,525Cr
0.27%
6.68%
7.28%
0.02
1.13
2.00
6.01
0.75
See all

Mirae Asset Ultra Short Term Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

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Total Investment

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Mirae Asset Ultra Short Term Fund Asset Allocation

See fund asset allocation details as on (14-Oct-26)

Fund Distribution

as on (14-Oct-26)

AAA
78.2%
AA
21.8%
Cash allocation has gone down from 61.7% to 41.9%
Cash allocation has gone down from 61.7% to 41.9%
Debt allocation has gone up from 38% to 57.7%
Debt allocation has gone up from 38% to 57.7%

Mirae Asset Ultra Short Term Fund Sector Allocation

See fund sector allocation details as on (14-Oct-26)

Sector Allocation

Corporate
58%
Cash Equivalent
29.5%
Government
12.6%

Top 2 Sectors in September were Corporate, Government

Sep'26

Corporate

74%

Government

15%

Aug'26

Corporate

62%

Government

13%

Mirae Asset Ultra Short Term Fund Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio0.23%
Benchmark
NIFTY Ultra Short Duration Debt TR INR
AUM₹1808 Cr
Inception Date7 October, 2020
Min Lumpsum/SIP₹5,000/₹99
Exit Load0%
Lock InNo Lock-in
TurnOver
437.85%
Risk
Risk meter
pointer
Low to Moderate Risk

About Mirae Asset Ultra Short Term Fund

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

Key Parameters

  1. Mirae Asset Ultra Short Term Fund has ₹1808 Cr worth of assets under management (AUM) as on Oct 2026 and is more than category average.
  2. The fund has an expense ratio 0.2.

Returns

Mirae Asset Ultra Short Term Fund has given a CAGR return of 6.22% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.68%, 7.38% and 6.77% respectively.

Holdings

Mirae Asset Ultra Short Term Fund has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are HDFC Bank Ltd, National Bank For Agriculture And Rural Development, HDFC Bank Limited, Small Industries Development Bank Of India, National Bank For Agriculture And Rural Development

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:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

Investment objective of Mirae Asset Ultra Short Term Fund

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 99.00. Mirae Asset Ultra Short Term Fund has no lock in period.

Fund Manager

Basant Bafna

Fund Manager of Mirae Asset Ultra Short Term Fund, since 16 January 2023

Learn more about Mirae Mutual Fund
Parameters
Sep'26
Aug'26
Jul'26
AUM
₹ 2.2K Cr
₹ 2.1K Cr
₹ 1.5K Cr
  • AUM of the fund stands at 2.2K Cr as of Sep'26
  • AUM increased by 116 Cr between Sep'26 and Aug'26

Frequently Asked Questions for Mirae Asset Ultra Short-Term Fund Direct Growth

How do I invest in Mirae Asset Ultra Short Term Fund?

INDmoney makes it simple to invest in the Mirae Asset Ultra Short Term Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘Mirae Asset Ultra Short Term Fund’.
  • Select whether you want to invest in SIP or lump sum.
  • Enter the amount you wish to invest.
  • Set up payments via bank mandate or UPI.

What is the current NAV of Mirae Asset Ultra Short Term Fund?

The NAV of the fund today is ₹1444.06. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

Mirae Asset Ultra Short Term Fund fund has generated a return of 6.68% in 1 year, 7.38% in 3 years, 6.77% in 5 years.

Who is the fund manager of Mirae Asset Ultra Short Term Fund?

The fund managers are Basant Bafna.

What is the expense ratio of the fund?

The expense ratio is 0.23%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹1808 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of Mirae Asset Ultra Short Term Fund?

The top 3 holdings of the fund are HDFC Bank Ltd(5.44%), National Bank For Agriculture And Rural Development(3.26%), HDFC Bank Limited(3.26%)