Mirae Asset Ultra Short Duration Fund - Direct Plan - IDCW

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Ultra Short Duration Fund

Fund House : Mirae Asset Mutual Fund

NAV

This number shows latest NAV (Net Asset Value) and change in the NAV from previous day. NAV is nothing but the unit price for the fund. You will be allocated number of units based on this price. NAV is declared once each day generally at the end of the day. Once you invest in mutual funds, your money is further invested in stocks and bonds by mutual fund managers. Mutual Fund NAV is the per unit latest value of all such stocks/bonds held in the portfolio

: ₹ 1357.4069 0.05%
(as on 24th November, 2025)

Crisil Rating

Above average performance among peers

Fund Size

: ₹ 1787.75 Cr

(1.3% of Investment in Category)

Expense Ratio

: 0.17%

(0.31% Category average)

Risk-O-Meter

Low to Moderate Risk

Ultra Short Duration Fund :Ultra Short Duration Fund : The fund has 98.11% investment in Debt, of which 10.84% in Government securities, 87.28% is in Low Risk securities.

Suitable For : Investors who want to invest for very short term and are looking for alternative to bank accounts/deposits.

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This Scheme

VS

NIFTY Ultra Short Duration Debt Index A-I

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7.32%
NA
0.53%

1.59%

3.3%

7.38%

7.5%

6.14%

6.79%

NA
Gold

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VIP (Value Avg)

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Returns (NAV as on 24th November, 2025)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	17-Nov-25	10011.70	0.12%	-	0.11%	4/25
1 Month	24-Oct-25	10053.90	0.54%	-	0.53%	10/25
3 Month	22-Aug-25	10162.30	1.62%	-	1.59%	7/25
6 Month	23-May-25	10338.60	3.39%	-	3.30%	7/25
YTD	01-Jan-25	10674.20	6.74%	-	6.63%	8/25
1 Year	22-Nov-24	10759.10	7.59%	7.55%	7.38%	8/25
2 Year	24-Nov-23	11605.10	16.05%	7.72%	7.50%	5/24
3 Year	24-Nov-22	12452.80	24.53%	7.58%	7.40%	7/24
5 Year	24-Nov-20	13493.40	34.93%	6.17%	6.14%	8/23
Since Inception	07-Oct-20	13574.10	35.74%	6.13%	6.79%	21/25

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 24th November, 2025)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	22-Nov-24	12000	12467.65	3.9 %	7.25 %
2 Year	24-Nov-23	24000	25918.33	7.99 %	7.56 %
3 Year	24-Nov-22	36000	40390.73	12.2 %	7.6 %
5 Year	24-Nov-20	60000	71671.36	19.45 %	7.03 %

SIP Calculator Detailed Returns Analysis

Tax Treatment

Any profit will be clubbed with your income and taxed at your effective tax rate.

Portfolio (Updated on 31st Oct,2025)

No of Debt Holding 54 (Category Avg - 63.84) | Modified Duration 0.43 Years (Category Avg - 0.42)| Yield to Maturity 6.37% (Category Avg - 6.38%)

Type of Holdings

Security Type	% Weight	Category Average
GOI	0.29%	3.13%
CD	50.80%	33.23%
T-Bills	10.55%	7.37%
CP	9.10%	9.20%
NCD & Bonds	27.38%	39.42%
PTC	0.00%	1.02%

Investment / Portfolio Grades

Security Type	% Weight	Category Average
Government Backed	10.84%	10.50%
Low Risk	87.28%	82.86%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Detailed Portfolio Analysis

Name	Type of Instrument	Weight (%)
TREPS	TREPS	5.07%
Net Receivables	Net Receivables	-3.18%

Detailed Portfolio Analysis

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 31st October, 2025)

Standard Deviation
Standard Deviation value gives an idea about how volatile fund returns has been in the past 3 years. Lower value indicates more predictable performance. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A standard deviation value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

Low volatility

0.41vs1.07

Category Avg
Beta
Beta value gives idea about how volatile fund performance has been compared to similar funds in the market. Lower beta implies the fund gives more predictable performance compared to similar funds in the market. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A beta value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

High volatility

1.19vs1.19

Category Avg
Sharpe Ratio
Sharpe ratio indicates how much risk was taken to generate the returns. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the standard deviation of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Sharpe ratio of 1.40 and fund B has a Sharpe ratio of 1.25, you can chooses fund A, as it has given higher risk-adjusted return.

Better risk adjusted returns

3.47vs2.31

Category Avg
Treynor's Ratio
Treynor's ratio indicates how much excess return was generated for each unit of risk taken. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the beta of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Treynor's ratio of 1.40 and fund B has a Treynor's ratio of 1.25, then you can chooses fund A, as it has given higher risk-adjusted return.

Better risk adjusted returns

0.01vs0.01

Category Avg
Jensen's Alpha
Alpha indicates how fund generated additional returns compared to a benchmark. Let's say if a fund A benchmarks its returns with Nifty50 returns then alpha equal to 1.0 indicates the fund has beaten the nifty returns by 1%, so the higher the alpha, the better.

Better risk adjusted returns

-0.33vs-0.73

Category Avg

Alternative Funds (Category Peers)

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Aditya Birla Sun Life Savings Fund - Direct Plan - Growth	1	22389.38	0.58	1.69	3.50	7.87	7.73
Nippon India Ultra Short Duration Fund - Direct Plan - Growth	2	12640.79	0.56	1.68	3.45	7.71	7.74
ICICI Prudential Ultra Short Term Fund - Direct Plan - Growth	1	17841.31	0.56	1.67	3.46	7.66	7.64
Tata Ultra Short Term Fund - Direct Plan - Growth	3	5490.83	0.55	1.63	3.40	7.61	7.60
DSP Ultra Short Fund - Direct Plan - Growth	3	3960.29	0.55	1.63	3.34	7.61	7.59
Axis Ultra Short Duration Fund - Direct Plan - Growth	2	6386.46	0.55	1.64	3.41	7.60	7.65
Franklin India Ultra Short Duration Fund - Direct Plan - Growth	NA	307.16	0.53	1.60	3.45	7.59	0.00
Mirae Asset Ultra Short Duration Fund - Direct Plan - Growth	4	1787.75	0.54	1.63	3.39	7.57	7.59
HDFC Ultra Short Term Fund - Direct Plan - Growth	3	17232.35	0.55	1.63	3.34	7.46	7.50
Invesco India Ultra Short Duration Fund - Direct Plan - Growth	3	1259.19	0.54	1.59	3.33	7.46	7.50

Detailed Comparison

More Funds from Mirae Asset Mutual Fund

Out of 51 mutual fund schemes offered by this AMC, 3 is/are ranked 5 * , 4 is/are ranked 4 * , 4 is/are ranked 3 * , 4 is/are ranked 2 * , and 36 schemes are not ranked. See more about AMC

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Mirae Asset Large & Midcap Fund - Direct Plan - Growth	3	42980.74	0.79	4.56	8.58	12.33	18.54
Mirae Asset Large Cap Fund - Direct Plan - Growth	3	41087.55	1.37	3.49	6.73	12.73	14.56
Mirae Asset ELSS Tax Saver Fund - Direct Plan - Growth	4	27069.09	0.71	4.10	7.87	13.33	18.62
Mirae Asset Midcap Fund - Direct Plan - Growth	3	18112.14	0.79	4.19	12.01	13.62	22.24
Mirae Asset Liquid Fund - Direct Plan - Growth	4	14283.52	0.49	1.46	3.01	6.72	7.08
Mirae Asset Aggressive Hybrid Fund - Direct Plan - Growth	3	9424.67	0.64	3.06	5.58	11.66	15.26
Mirae Asset Focused Fund - Direct Plan - Growth	2	7979.98	-0.68	0.54	4.14	6.70	12.70
Mirae Asset Great Consumer Fund - Direct Plan - Growth	NA	4769.48	-1.88	0.41	7.98	9.69	19.33
Mirae Asset Multicap Fund - Direct Plan - Growth	NA	4388.81	-0.04	2.90	8.31	13.08	0.00
Mirae Asset Money Market Fund - Direct Plan - Growth	5	3514.10	0.54	1.52	3.31	7.73	7.55