Mirae Asset Ultra Short Duration Fund
The scheme seeks to generate regular income and provide liquidity by investing primarily in a portfolio comprising of debt & money market instruments.
Growthvine rating: 4/5 — ranked #7 of 31 in category.
Fund basics
| Category | Debt: Ultra Short Duration |
|---|---|
| NAV | ₹1404.48 (as of 2026-08-21) |
| AUM | ₹1,467 Cr |
| Expense ratio | 0.37% |
| Riskometer | Moderate |
| Fund manager | Basant Bafna |
| Exit load | 0 |
Performance & risk
| 5-year annualised return | 6.37% |
|---|---|
| Sharpe ratio | 2.58 |
| Standard deviation | 0.46% |
| Max drawdown | -0.16% |
| Alpha | 0 |
| Beta | 0 |
Over 5 years, captured 93.7% of NIFTY Ultra Short Duration Debt Index's upside and — of its downside.
Market cap allocation
Concentration
Top holdings
Not disclosed.
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|---|---|---|
| 2026 (partial) | 4.1% | Q1 (Top) | #7 of 30 |
| 2025 | 7.2% | Q1 (Top) | #2 of 25 |
| 2024 | 7.7% | Q1 (Top) | #2 of 24 |
| 2023 | 7.1% | Q1 (Top) | #3 of 24 |
| 2022 | 4.7% | Q1 (Top) | #3 of 23 |