Mirae Asset Ultra Short Duration Fund Direct-growth
Latest AUM
₹ 1,640.4 Cr.
NAV as on 29 may, 2026
₹ 1,397.20
Fund Details
Portfolio Composition Analysis
Sector Allocations
Portfolio Updated on: 29 may, 2026
Top 10 Holdings
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| 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% |
| GOVERNMENT OF INDIA 35673 364 DAYS TBILL 05MR26 FV RS 100 | Financial | Treasury Bills | 5.38% |
| GOVERNMENT OF INDIA 35673 364 DAYS TBILL 05MR26 FV RS 100 | Financial | Treasury Bills | 4.79% |
| UNION BANK OF INDIA CD 20MAY26 | Financial | Certificate of Deposit | 6.03% |
Debt & Credit Risk Analysis
| Sharpe Ratio | 3.59% |
| Standard Deviation | 0.32% |
Returns Analysis
| Tenure | Absolute | Annualised | Category Average |
|---|---|---|---|
| 3 Months | 1.51% | NA | 1.71% |
| 6 Months | 2.87% | NA | 3.90% |
| 9 Months | 4.51% | NA | 5.74% |
| 1 Year | 6.31% | 6.31% | 7.70% |
| 2 Years | 14.90% | 7.19% | 7.59% |
| 3 Years | 23.61% | 7.32% | 7.34% |
| 5 Years | 36.56% | 6.43% | 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 | |||||||
|---|---|---|---|---|---|---|---|
| Nippon India Ultra Short Duration Fund Direct-growth | 9,511.5 | +0.39% | +1.58% | +3.07% | +6.59% | +7.48% | +7.52% |
| Nippon India Ultra Short Duration Fund Direct-idcw Daily | 9,511.5 | +0.39% | +1.58% | +3.07% | +6.59% | +7.48% | +7.52% |
| Nippon India Ultra Short Duration Fund Direct-idcw Monthly | 9,511.5 | +0.39% | +1.58% | +3.07% | +6.59% | +7.48% | +7.52% |
| Nippon India Ultra Short Duration Fund Direct-idcw Quarterly | 9,511.5 | +0.39% | +1.58% | +3.07% | +6.59% | +7.48% | +7.52% |
| Nippon India Ultra Short Duration Fund Direct-idcw Weekly | 9,511.5 | +0.39% | +1.58% | +3.07% | +6.59% | +7.48% | +7.52% |
| UTI Ultra Short Duration Fund Direct-flexi Idcw | 3,130.0 | +0.38% | +1.45% | +2.87% | +6.26% | +7.23% | +6.94% |
| UTI Ultra Short Duration Fund Direct-growth | 3,130.0 | +0.38% | +1.45% | +2.87% | +6.26% | +7.23% | +6.94% |
| UTI Ultra Short Duration Fund Direct-idcw Daily | 3,130.0 | +0.38% | +1.45% | +2.87% | +6.26% | +7.23% | +6.94% |
| UTI Ultra Short Duration Fund Direct-idcw Fortnightly | 3,130.0 | +0.38% | +1.45% | +2.87% | +6.26% | +7.23% | +6.94% |
| UTI Ultra Short Duration Fund Direct-idcw Half Yearly | 3,130.0 | +0.38% | +1.45% | +2.87% | +6.26% | +7.23% | +6.94% |
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 | +0.36% | +1.43% | +2.73% | +6.05% | +7.05% | +6.19% |
| Mirae Asset Ultra Short Duration Fund Regular-idcw | 1,640.4 | +0.36% | +1.43% | +2.73% | +6.05% | +7.05% | +6.19% |
| Mirae Asset Ultra Short Duration Fund Direct-idcw | 1,640.4 | +0.38% | +1.51% | +2.87% | +6.31% | +7.32% | +6.43% |
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 | +0.28% | +1.33% | +2.69% | +6.23% | +7.38% | +6.52% |
| Aditya Birla Sun Life Savings Regular-growth | 19,347.8 | +0.26% | +1.26% | +2.56% | +5.96% | +7.14% | +6.31% |
| Aditya Birla Sun Life Savings Regular-idcw Daily | 19,347.8 | +0.26% | +1.26% | +2.56% | +5.96% | +7.14% | +6.31% |
| Aditya Birla Sun Life Savings Direct-idcw Daily | 19,347.8 | +0.28% | +1.33% | +2.69% | +6.23% | +7.38% | +6.52% |
| Aditya Birla Sun Life Savings Direct-idcw Weekly | 19,347.8 | +0.28% | +1.33% | +2.69% | +6.23% | +7.38% | +6.52% |
| Aditya Birla Sun Life Savings Regular-idcw Weekly | 19,347.8 | +0.26% | +1.26% | +2.56% | +5.96% | +7.14% | +6.31% |
| HDFC Ultra Short Term Fund Regular-growth | 16,037.1 | +0.22% | +1.22% | +2.45% | +5.63% | +6.78% | +5.97% |
| HDFC Ultra Short Term Fund Direct-growth | 16,037.1 | +0.25% | +1.31% | +2.62% | +5.99% | +7.12% | +6.31% |
| HDFC Ultra Short Term Fund Direct-idcw Daily | 16,037.1 | +0.25% | +1.31% | +2.62% | +5.99% | +7.12% | +6.31% |
| HDFC Ultra Short Term Fund Regular-idcw Daily | 16,037.1 | +0.22% | +1.22% | +2.45% | +5.63% | +6.78% | +5.97% |
Top funds are based on Fund AUM
Top Debt Funds
| Fund name | ||||
|---|---|---|---|---|
| Nippon India Ultra Short Duration Fund Direct-growth | ₹4,707.19 | +7.48% | +7.52% | — |
| Nippon India Ultra Short Duration Fund Direct-idcw Daily | ₹1,114.15 | +7.48% | +7.52% | — |
| Nippon India Ultra Short Duration Fund Direct-idcw Monthly | ₹1,032.55 | +7.48% | +7.52% | — |
| Nippon India Ultra Short Duration Fund Direct-idcw Quarterly | ₹1,026.59 | +7.48% | +7.52% | — |
| Nippon India Ultra Short Duration Fund Direct-idcw Weekly | ₹1,091.69 | +7.48% | +7.52% | — |
| Uti Ultra Short Duration Fund Direct-flexi Idcw | ₹2,330.52 | +7.23% | +6.94% | — |
| Uti Ultra Short Duration Fund Direct-growth | ₹4,803.46 | +7.23% | +6.94% | — |
| Uti Ultra Short Duration Fund Direct-idcw Daily | ₹1,598.03 | +7.23% | +6.94% | — |
| Uti Ultra Short Duration Fund Direct-idcw Fortnightly | ₹1,325.01 | +7.23% | +6.94% | — |
| Uti Ultra Short Duration Fund Direct-idcw Half Yearly | ₹1,523.02 | +7.23% | +6.94% | — |
growth is based on 5Y returns of the funds
Historical NAV
| Date | NAV |
|---|---|
| 29 May 2026 | ₹1,397.20 |
| 27 May 2026 | ₹1,396.00 |
| 25 May 2026 | ₹1,395.56 |
| 22 May 2026 | ₹1,394.81 |
| 21 May 2026 | ₹1,394.70 |
| 20 May 2026 | ₹1,395.46 |
| 19 May 2026 | ₹1,395.81 |
| 18 May 2026 | ₹1,395.56 |
| 15 May 2026 | ₹1,395.43 |
| 14 May 2026 | ₹1,395.49 |
| 13 May 2026 | ₹1,395.65 |
| 12 May 2026 | ₹1,395.61 |
| 11 May 2026 | ₹1,395.69 |
| 08 May 2026 | ₹1,395.40 |
| 07 May 2026 | ₹1,395.21 |
| 06 May 2026 | ₹1,395.00 |
| 05 May 2026 | ₹1,394.40 |
| 04 May 2026 | ₹1,394.21 |
| 30 Apr 2026 | ₹1,393.03 |
| 29 Apr 2026 | ₹1,393.19 |
| 28 Apr 2026 | ₹1,393.28 |
| 27 Apr 2026 | ₹1,393.12 |
| 24 Apr 2026 | ₹1,392.67 |
| 23 Apr 2026 | ₹1,392.59 |
| 22 Apr 2026 | ₹1,392.77 |
| 21 Apr 2026 | ₹1,392.62 |
| 20 Apr 2026 | ₹1,392.47 |
| 17 Apr 2026 | ₹1,391.76 |
| 16 Apr 2026 | ₹1,391.59 |
| 15 Apr 2026 | ₹1,391.22 |
Portfolio Updated on: 30 May, 2026
Fund Growth & Size Analysis
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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: 1.51%
- 6 Months Return: 2.87%
The historical growth of the Mirae Asset Ultra Short Duration Fund Direct-growth is reflected through its CAGR returns:
- 3 Year CAGR: 7.32%
- 5 Year CAGR: 6.43%
- Return Since Launch: 6.11%
The portfolio of Mirae Asset Ultra Short Duration Fund Direct-growth is distributed across different asset classes as follows:
- Debt Instruments: 94.37%
- Other Assets: 5.63%
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
- 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
- GOVERNMENT OF INDIA 35673 364 DAYS TBILL 05MR26 FV RS 100 – represents 5.38% of the portfolio
- GOVERNMENT OF INDIA 35673 364 DAYS TBILL 05MR26 FV RS 100 – represents 4.79% of the portfolio
- UNION BANK OF INDIA CD 20MAY26 – represents 6.03% of the portfolio
Major sector exposures in Mirae Asset Ultra Short Duration Fund Direct-growth are:
- Financial – accounts for 796.02% of the portfolio
- Real Estate – accounts for 20.55% of the portfolio
- Healthcare – accounts for 5.59% of the portfolio
- Consumer Discretionary – accounts for 3.89% of the portfolio
- Energy & Utilities – accounts for 1.28% of the portfolio
