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Mirae Asset Ultra Short Duration Fund Direct-growth
Debt
Low to Moderate Risk
Latest AUM
₹ 1,640.4 Cr.
NAV as on 24 jul, 2026
₹ 1,417.01
+20.58%
3 years annulised
This Fund
Fund Details
Fund Names
Mirae Asset Ultra Short Duration Fund Direct-growth
Inception Date
07 Oct 2020
Lock In
No Lock-in
Risk
Principal at low to moderate risk
Category Average Annual Returns
7.70
Portfolio Composition Analysis
Debt
94.03%
Cash
5.97%
Portfolio Updated on: 08 Jul, 2026
Sector Allocations
Debt
Financial
Real Estate
Consumer Discretionary
Healthcare
Energy & Utilities
Industrials
Portfolio Updated on: 24 jul, 2026
Top 10 Holdings
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| PUNJAB NATIONAL BANK CD 15SEP26 | Financial | Certificate of Deposit | 1.00% |
| PUNJAB NATIONAL BANK CD 15SEP26 | Financial | Certificate of Deposit | 1.00% |
| PUNJAB NATIONAL BANK CD 15SEP26 | Financial | Certificate of Deposit | 1.00% |
| PUNJAB NATIONAL BANK CD 15SEP26 | Financial | Certificate of Deposit | 1.00% |
| GOVERNMENT OF INDIA 37077 091 DAYS TBILL 14MY26 FV RS 100 | Financial | Treasury Bills | 1.00% |
| HDFC BANK LIMITED CD 04DEC25 | Financial | Certificate of Deposit | 6.69% |
| GOVERNMENT OF INDIA 36370 182 DAYS TBILL 27FB26 FV RS 100 | Financial | Treasury Bills | 5.04% |
| GOVERNMENT OF INDIA 36370 182 DAYS TBILL 27FB26 FV RS 100 | Financial | Treasury Bills | 4.25% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 23H 7.58 LOA 31JL26 FVRS1LAC | Financial | Debenture | 4.85% |
| GOVERNMENT OF INDIA 35673 364 DAYS TBILL 05MR26 FV RS 100 | Financial | Treasury Bills | 5.52% |
Debt & Credit Risk Analysis
| Sharpe Ratio | 3.59% |
| Standard Deviation | 0.32% |
Returns Analysis
| Tenure | Absolute | Annualised | Category Average |
|---|---|---|---|
| 3 Months | 1.75% | NA | 1.71% |
| 6 Months | 3.57% | NA | 3.90% |
| 9 Months | 4.93% | NA | 5.74% |
| 1 Year | 6.55% | 6.55% | 7.70% |
| 2 Years | 15.11% | 7.29% | 7.59% |
| 3 Years | 23.95% | 7.42% | 7.34% |
| 5 Years | 37.52% | 6.58% | 6.07% |
Mirae Asset Ultra Short Duration Fund Direct-growth is one Debt mutual fund offered by Mirae Asset Mutual Fund. Launched on 07 Oct 2020, the fund aims Income over short term investment horizon. Investment in debt & money market securities with portfolio Macaulay duration between 3 months & 6 months. It manages assets worth ₹1,640.4 crore as on Tue Mar 31, 2026. The expense ratio stands at 0.13%.
Basant Bafna has experience Prior to joining Mirae Asset Mutual Fund, he has worked with India Exim Bank and Union Bank of India
Top Performing Mutual Funds
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| UTI Ultra Short Duration Fund Direct-flexi Idcw | 3,130.0 | +0.62% | +1.71% | +3.48% | +6.48% | +7.32% | +7.09% |
| UTI Ultra Short Duration Fund Direct-growth | 3,130.0 | +0.62% | +1.71% | +3.48% | +6.48% | +7.32% | +7.09% |
| UTI Ultra Short Duration Fund Direct-idcw Daily | 3,130.0 | +0.62% | +1.71% | +3.48% | +6.48% | +7.32% | +7.09% |
| UTI Ultra Short Duration Fund Direct-idcw Fortnightly | 3,130.0 | +0.62% | +1.71% | +3.48% | +6.48% | +7.32% | +7.09% |
| UTI Ultra Short Duration Fund Direct-idcw Half Yearly | 3,130.0 | +0.62% | +1.71% | +3.48% | +6.48% | +7.32% | +7.09% |
| UTI Ultra Short Duration Fund Direct-idcw Monthly | 3,130.0 | +0.62% | +1.71% | +3.48% | +6.48% | +7.32% | +7.09% |
| UTI Ultra Short Duration Fund Direct-idcw Quarterly | 3,130.0 | +0.62% | +1.71% | +3.48% | +6.48% | +7.32% | +7.09% |
| UTI Ultra Short Duration Fund Direct-idcw Weekly | 3,130.0 | +0.62% | +1.71% | +3.48% | +6.48% | +7.32% | +7.09% |
| UTI Ultra Short Duration Fund Direct-idcw Yearly | 3,130.0 | +0.62% | +1.71% | +3.48% | +6.48% | +7.32% | +7.09% |
| Nippon India Ultra Short Duration Fund Direct-growth | 9,511.5 | +0.60% | +1.74% | +3.66% | +6.82% | +7.57% | +6.90% |
growth is based on 1-month returns of the funds & Top fund are based on 3Y Returns
More Funds from Mirae Asset Mutual Fund
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| Mirae Asset Ultra Short Duration Fund Regular-growth | 1,640.4 | +0.56% | +1.68% | +3.42% | +6.28% | +7.15% | +6.34% |
| Mirae Asset Ultra Short Duration Fund Regular-idcw | 1,640.4 | +0.56% | +1.68% | +3.42% | +6.28% | +7.15% | +6.34% |
| Mirae Asset Ultra Short Duration Fund Direct-idcw | 1,640.4 | +0.58% | +1.75% | +3.57% | +6.55% | +7.42% | +6.58% |
growth is based on 1-month returns of the funds
Top Mutual Funds
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Savings Direct-growth | 19,347.8 | +0.66% | +1.71% | +3.45% | +6.49% | +7.48% | +6.67% |
| Aditya Birla Sun Life Savings Regular-growth | 19,347.8 | +0.64% | +1.64% | +3.31% | +6.21% | +7.24% | +6.45% |
| Aditya Birla Sun Life Savings Direct-growth | 19,347.8 | +0.66% | +1.71% | +3.45% | +6.49% | +7.48% | +6.67% |
| Aditya Birla Sun Life Savings Regular-growth | 19,347.8 | +0.64% | +1.64% | +3.31% | +6.21% | +7.24% | +6.45% |
| Aditya Birla Sun Life Savings Direct-growth | 19,347.8 | +0.66% | +1.71% | +3.45% | +6.49% | +7.48% | +6.67% |
| Aditya Birla Sun Life Savings Regular-growth | 19,347.8 | +0.64% | +1.64% | +3.31% | +6.21% | +7.24% | +6.45% |
| Aditya Birla Sun Life Savings Regular-growth | 19,347.8 | +0.64% | +1.64% | +3.31% | +6.21% | +7.24% | +6.45% |
| Aditya Birla Sun Life Savings Direct-growth | 19,347.8 | +0.66% | +1.71% | +3.45% | +6.49% | +7.48% | +6.67% |
| Aditya Birla Sun Life Savings Regular-growth | 19,347.8 | +0.64% | +1.64% | +3.31% | +6.21% | +7.24% | +6.45% |
| Aditya Birla Sun Life Savings Direct-growth | 19,347.8 | +0.66% | +1.71% | +3.45% | +6.49% | +7.48% | +6.67% |
Top funds are based on Fund AUM
Top Debt Funds
| Fund name | ||||
|---|---|---|---|---|
| Uti Ultra Short Duration Fund Direct-flexi Idcw | ₹2,362.44 | +7.32% | +7.09% | — |
| Uti Ultra Short Duration Fund Direct-growth | ₹4,869.25 | +7.32% | +7.09% | — |
| Uti Ultra Short Duration Fund Direct-idcw Daily | ₹1,619.92 | +7.32% | +7.09% | — |
| Uti Ultra Short Duration Fund Direct-idcw Fortnightly | ₹1,343.15 | +7.32% | +7.09% | — |
| Uti Ultra Short Duration Fund Direct-idcw Half Yearly | ₹1,543.88 | +7.32% | +7.09% | — |
| Uti Ultra Short Duration Fund Direct-idcw Monthly | ₹1,173.37 | +7.32% | +7.09% | — |
| Uti Ultra Short Duration Fund Direct-idcw Quarterly | ₹2,021.76 | +7.32% | +7.09% | — |
| Uti Ultra Short Duration Fund Direct-idcw Weekly | ₹1,083.70 | +7.32% | +7.09% | — |
| Uti Ultra Short Duration Fund Direct-idcw Yearly | ₹1,531.60 | +7.32% | +7.09% | — |
| Nippon India Ultra Short Duration Fund Direct-growth | ₹4,772.17 | +7.57% | +6.90% | — |
growth is based on 5Y returns of the funds
Historical NAV
| Date | NAV |
|---|---|
| 24 Jul 2026 | ₹1,417.01 |
| 23 Jul 2026 | ₹1,416.69 |
| 22 Jul 2026 | ₹1,416.34 |
| 21 Jul 2026 | ₹1,416.54 |
| 20 Jul 2026 | ₹1,415.93 |
| 17 Jul 2026 | ₹1,415.53 |
| 16 Jul 2026 | ₹1,414.93 |
| 15 Jul 2026 | ₹1,414.23 |
| 14 Jul 2026 | ₹1,413.81 |
| 13 Jul 2026 | ₹1,414.71 |
| 10 Jul 2026 | ₹1,414.35 |
| 09 Jul 2026 | ₹1,413.80 |
| 08 Jul 2026 | ₹1,413.16 |
| 07 Jul 2026 | ₹1,414.36 |
| 06 Jul 2026 | ₹1,414.75 |
| 03 Jul 2026 | ₹1,414.20 |
| 02 Jul 2026 | ₹1,414.17 |
| 01 Jul 2026 | ₹1,413.62 |
| 30 Jun 2026 | ₹1,412.26 |
| 29 Jun 2026 | ₹1,411.52 |
| 25 Jun 2026 | ₹1,409.95 |
| 24 Jun 2026 | ₹1,408.85 |
| 23 Jun 2026 | ₹1,407.98 |
| 22 Jun 2026 | ₹1,407.82 |
| 19 Jun 2026 | ₹1,407.06 |
| 18 Jun 2026 | ₹1,406.96 |
| 17 Jun 2026 | ₹1,406.68 |
| 15 Jun 2026 | ₹1,404.97 |
| 12 Jun 2026 | ₹1,403.61 |
| 11 Jun 2026 | ₹1,403.10 |
Portfolio Updated on: 25 Jul, 2026
Fund Growth & Size Analysis
+₹1,640.4 Cr
Since Launch
This Fund
Category Average
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Mirae Asset Ultra Short Duration Fund Direct-growth Returns Comparison
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Mirae Asset Ultra Short Duration Fund Direct-growth FAQ'S
- Sharpe Ratio: 3.59%
- Standard Deviation: 0.32%
As of Tue Mar 31, 2026, the total assets managed under Mirae Asset Ultra Short Duration Fund Direct-growth stand at approximately ₹ 1,640.4 crore.
The Mirae Asset Ultra Short Duration Fund Direct-growth has delivered the following short-term performance:
- 3 Months Return: 1.75%
- 6 Months Return: 3.57%
The historical growth of the Mirae Asset Ultra Short Duration Fund Direct-growth is reflected through its CAGR returns:
- 3 Year CAGR: 7.42%
- 5 Year CAGR: 6.58%
- Return Since Launch: 6.20%
The portfolio of Mirae Asset Ultra Short Duration Fund Direct-growth is distributed across different asset classes as follows:
- Debt Instruments: 94.03%
- Other Assets: 5.97%
The Mirae Asset Ultra Short Duration Fund Direct-growth is managed by Basant Bafna, representing Mirae Asset Mutual Fund.
Top stock holdings of Mirae Asset Ultra Short Duration Fund Direct-growth include:
- PUNJAB NATIONAL BANK CD 15SEP26 – represents 1.00% of the portfolio
- PUNJAB NATIONAL BANK CD 15SEP26 – represents 1.00% of the portfolio
- PUNJAB NATIONAL BANK CD 15SEP26 – represents 1.00% of the portfolio
- PUNJAB NATIONAL BANK CD 15SEP26 – represents 1.00% of the portfolio
- GOVERNMENT OF INDIA 37077 091 DAYS TBILL 14MY26 FV RS 100 – represents 1.00% of the portfolio
- HDFC BANK LIMITED CD 04DEC25 – represents 6.69% of the portfolio
- GOVERNMENT OF INDIA 36370 182 DAYS TBILL 27FB26 FV RS 100 – represents 5.04% of the portfolio
- GOVERNMENT OF INDIA 36370 182 DAYS TBILL 27FB26 FV RS 100 – represents 4.25% of the portfolio
- NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 23H 7.58 LOA 31JL26 FVRS1LAC – represents 4.85% of the portfolio
- GOVERNMENT OF INDIA 35673 364 DAYS TBILL 05MR26 FV RS 100 – represents 5.52% of the portfolio
Major sector exposures in Mirae Asset Ultra Short Duration Fund Direct-growth are:
- Financial – accounts for 852.78% of the portfolio
- Real Estate – accounts for 25.55% of the portfolio
- Consumer Discretionary – accounts for 6.89% of the portfolio
- Healthcare – accounts for 5.59% of the portfolio
- Energy & Utilities – accounts for 1.22% of the portfolio
