Mirae Asset Ultra Short to Short Term Fund
The scheme aims to enhance income consistent with a high level of liquidity, through a judicious portfolio mix of money market and debt instruments.
Growthvine rating: 2/5 — ranked #18 of 33 in category.
Fund basics
| Category | Debt: Low Duration |
|---|---|
| NAV | ₹2424.97 (as of 2026-10-01) |
| AUM | ₹2,434 Cr |
| Expense ratio | 0.72% |
| Riskometer | Moderate |
| Fund manager | Basant Bafna |
| Exit load | 0 |
Performance & risk
| 5-year annualised return | 5.97% |
|---|---|
| Sharpe ratio | 1.34 |
| Standard deviation | 0.66% |
| Max drawdown | −5.36% |
| Alpha | 0 |
| Beta | 0 |
Over 5 years, captured 91.0% of NIFTY Low 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) | 4.2% | Q3 | #16 of 27 |
| 2025 | 7.1% | Q3 | #15 of 22 |
| 2024 | 7.4% | Q2 | #10 of 20 |
| 2023 | 6.6% | Q4 (Bottom) | #17 of 20 |
| 2022 | 4.0% | Q4 (Bottom) | #14 of 17 |