Mirae Asset Ultra Short Duration Fund - Reg (IDCW)


Ultra Short Duration Fund
  • NAV 1211.79 (0.02%)
  • Fund Size (Cr) ₹1622.55
  • Expense Ratio 0.53
  • Scheme Type Active Fund
  • Value Research Stars
  • Minimum investment ₹5000
  • Minimum Additional Investment ₹1000
  • Minimum SIP Investment ₹1000
  • Minimum Withdrawal ₹0
  • Exit Load 0%
  • Return Since Launch 5.32%

Basic Details

Scheme Manager
Basant Bafna
Bench Mark
NIFTY Ultra Short Duration Debt Index A-I
Type
OPEN

Lumpsum Returns

  • Period Invested For
  • ₹10000 Invested on
  • Latest Value
  • Absolute Returns
  • Annualised Returns
  • Category Avg
  • Rank within Category
  • 1 Week
  • 14-Jun-24
  • 10014.19
  • 0.14%
  • -
  • 0.12%
  • 63/217
  • 1 Month
  • 21-May-24
  • 10062.51
  • 0.63%
  • -
  • 0.56%
  • 23/217
  • 3 Month
  • 21-Mar-24
  • 10191.14
  • 1.91%
  • -
  • 2.65%
  • 78/217
  • 6 Month
  • 21-Dec-23
  • 10381.57
  • 3.82%
  • -
  • 4.48%
  • 85/217
  • 1 Year
  • 21-Jun-23
  • 10735.05
  • 7.35%
  • 7.35%
  • 7.90%
  • 85/215
  • 3 Year
  • 21-Jun-21
  • 11839.42
  • 18.39%
  • 5.79%
  • 5.89%
  • 101/209
  • 5 Year
  • -
  • -
  • -
  • -
  • -
  • -/-
  • Since Inception
  • 07-Oct-20
  • 12117.87
  • 21.18%
  • 5.32%
  • 6.13%
  • 170/217

Note: Lumpsum Returns since Inception Date.

SIP Returns

  • Period Invested For
  • ₹10000 Invested on
  • Investments
  • Latest Value
  • Absolute Returns
  • Annualised Returns
  • 1 Year
  • 03-Jul-23
  • 120000
  • 124575.34
  • 3.81%
  • 3.81%
  • 3 Year
  • 01-Jul-21
  • 360000
  • 397523.93
  • 10.42%
  • 3.36%
  • 5 Year
  • -
  • -
  • -
  • -
  • -
  • 10 Year
  • -
  • -
  • -
  • -
  • -

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Mutual Funds Calculator

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Risk Ratios

  • Standard Deviation
    0.15%
  • Beta
    0.01%
  • Sharpe Ratio
    -2.39%
  • Treynor’s Ratio
    6.12%
  • Jension’s Alpha
    -1.28%

Asset Allocation

There is no Asset Allocation data.

Sector Allocation

There is no Sector Allocation data.

Top 10 stock holding in portfolio

  • Stock Invested in
  • % of Total Holdings
  • Quantity
  • Value (Cr)
  • Asset Type
  • Segment
  • ONGC Petro Add.
  • 3.90%
  • 6000000
  • 60.10
  • Corporate Debts
  • Debt Others
  • REC Ltd
  • 2.71%
  • 4200000
  • 41.76
  • Corporate Debts
  • Debt Others
  • LIC Housing Fin.
  • 2.27%
  • 3500000
  • 34.98
  • Corporate Debts
  • Debt Others
  • Embassy Off.REIT
  • 2.06%
  • 3200000
  • 31.85
  • Corporate Debts
  • Debt Others
  • TMF Business Ser
  • 1.62%
  • 2500000
  • 25.01
  • Corporate Debts
  • Debt Others
  • LIC Housing Fin.
  • 1.62%
  • 2500000
  • 25.00
  • Corporate Debts
  • Debt Others
  • Motilal Finvest
  • 1.62%
  • 2500000
  • 25.00
  • Corporate Debts
  • Debt Others
  • Bharti Telecom
  • 1.62%
  • 2500000
  • 24.99
  • Corporate Debts
  • Debt Others
  • LIC Housing Fin.
  • 1.61%
  • 2500000
  • 24.78
  • Corporate Debts
  • Debt Others
  • Muthoot Finance
  • 1.30%
  • 2000000
  • 20.00
  • Corporate Debts
  • Debt Others

Peer Comparison

  • Scheme Name
  • Value Research
  • Asset Size (Cr)
  • 1M
  • 3M
  • 6M
  • 1Y
  • 3Y
  • ICICI Pru Ultra Short Term Fund - Direct (IDCW-D)
  • Stars
  • 12497.28
  • 0.63%
  • 103.99%
  • 108.10%
  • 115.60%
  • 33.87%
  • Invesco India Ultra Short Duration Fund-Dir (IDCW-Q)
  • Stars
  • 708.88
  • 0.62%
  • 1.94%
  • 3.86%
  • 9.30%
  • 6.24%
  • Aditya Birla SL Savings Fund - Direct (IDCW-W)
  • Stars
  • 13579.62
  • 0.61%
  • 3.12%
  • 4.82%
  • 8.38%
  • 6.17%
  • Nippon India USD Fund - Direct (IDCW-W)
  • Stars
  • 6322.84
  • 0.49%
  • 1.85%
  • 4.73%
  • 8.38%
  • 7.43%
  • WhiteOak Capital Ultra Short Duration Fund-Dir (IDCW-D) RI
  • Stars
  • 291.57
  • 0.62%
  • 1.97%
  • 3.96%
  • 8.32%
  • 6.51%

News

  • Mirae Asset MF Announces change in scheme name Mirae Asset Mutual Fund has announced change in scheme name under the following scheme, with effect from 01 June 2024:

    Change in the Scheme Name:

    Existing Name Revised Name
    Mirae Asset S&P BSE Sensex ETF Mirae Asset BSE Sensex ETF

    Powered by Capital Market - Live News

  • Mirae Asset MF Announces change in benchmark index under its schemes Mirae Asset Mutual Fund has announced change the benchmark for the following schemes, with effect from 01 June 2024. Accordingly, the revised benchmark index will be:

    Mirae Asset Multi Asset Allocation Fund

    Scheme Name Name of Existing Benchmark Revised Name of Benchmark
    Mirae Asset Multi Asset Allocation Fund 65% S&P BSE 200 TRI + 20% NIFTY Short Duration Debt Index + 10% Domestic Price of Gold + 5% Domestic Price of Silver 65% BSE 200 TRI + 20% NIFTY Short Duration Debt Index + 10% Domestic Price of Gold + 5% Domestic Price of Silver
    Mirae Asset S&P BSE Sensex ETF S&P BSE Sensex (TRI) BSE Sensex (TRI)
    Mirae Asset Healthcare Fund S&P BSE Healthcare Index (TRI) BSE Healthcare Index (TRI)

    Powered by Capital Market - Live News

  • Mirae Asset launches new ETF focused on high-growth mid and small cap companies Mirae Asset Mutual Fund announced the launch of a new Exchange Traded Fund (ETF) called the Nifty MidSmallcap400 Momentum Quality 100 ETF. This ETF offers investors a unique opportunity to gain exposure to high-growth potential mid-cap and small-cap companies in India.

    The New Fund Offer (NFO) for the Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF opened on 6 May 2024 and closes on 17 May 2024. The scheme will reopen for continuous purchase and redemption on 23 May 2024. The ETF is managed by Ekta Gala and Vishal Singh.

    The key feature of this ETF is its focus on investing in mid-cap and small-cap stocks selected based on a combination of two factors: momentum and quality. The ETF targets companies with strong financials (quality) and recent positive stock price movement (momentum). Historically, this strategy has led to a better return-to-risk ratio compared to traditional ETFs that focus solely on market capitalization within the mid-cap and small-cap segments.

    The ETF tracks the Nifty MidSmallcap400 Momentum Quality 100 Index, which boasts a strong track record over the past 15 years. The index has delivered a 26.5% Compound Annual Growth Rate (CAGR) over 15 years, outperforming both the Nifty MidSmallcap400 Index (by 4.9% with lower risk) and the benchmark Nifty 50 Index (by 10.9% on a CAGR basis). Additionally, the index has outperformed a significant portion of actively managed mid-cap funds (regular plan) in the last year and 10 years, at 86% and 100% respectively.

    Powered by Capital Market - Live News

Fund House Details & Investment Objective

  • Date of Incorporation 28-Sep-2020
  • Total AUM (Cr) ₹1542.73

Mirae Asset Ultra Short Duration Fund - Reg (IDCW) is an Ultra Short Duration Fund-oriented fund from the renowned AMC, Mirae Asset Mutual Fund. Launched in Sep 2020, this fund is managed by Basant Bafna. With assets under management (AUM) worth ₹1542.73 (Cr), as of 21-Jun-2024, Mirae Asset Ultra Short Duration Fund - Reg (IDCW) is categorized as a Ultra Short Duration Fund within its segment. The fund has generated a return of 5.32% since its launch.
The current NAV of Mirae Asset Ultra Short Duration Fund - Reg (IDCW) is ₹1211.79, as on 21-Jun-2024. The fund’s benchmark index is NIFTY Ultra Short Duration Debt Index A-I. You can invest in Mirae Asset Ultra Short Duration Fund - Reg (IDCW) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹1000 while the minimum lumpsum investment is ₹5000.
Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
Exit load is not applicable
The fund has generated 5.79% and - CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments , 99.03% in Debt and 0.97% in cash and cash equivalents

FAQs on Mirae Asset Ultra Short Duration Fund - Reg (IDCW)

Mirae Asset Ultra Short Duration Fund - Reg (IDCW) is a popular fund in the Ultra Short Duration Fund segment. The fund has generated a return of 5.32% since inception. Looking to invest in Mirae Asset Ultra Short Duration Fund - Reg (IDCW)? How about earning 1% extra return? All this is possible with m.Stock! Investing in Mirae Asset Ultra Short Duration Fund - Reg (IDCW) is super easy and convenient with m.Stock. Here’s how you can begin:

  • Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
  • In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
  • In the search bar, enter the fund name, in this case, Mirae Asset Ultra Short Duration Fund - Reg (IDCW)
  • On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
  • If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
  • If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.

So, why wait? Invest in Mirae Asset Ultra Short Duration Fund - Reg (IDCW) today and reap the benefits of this Ultra Short Duration Fund fund!

In the short term, i.e., 1 year, Mirae Asset Ultra Short Duration Fund - Reg (IDCW) has generated annualised return of 7.35%. In the long-term, the fund has generated 5.79% and - in 3 and 5 years respectively. Since its inception, the fund has generated 5.32% returns.

The expense ratio of Mirae Asset Ultra Short Duration Fund - Reg (IDCW) Direct Growth is 0.53%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.

The Assets Under Management (AUM) of Mirae Asset Ultra Short Duration Fund - Reg (IDCW) is ₹1542.73 (Cr) as of 21 June 2024. AUM shows the fund’s popularity and is often indicative of fund strength.

Redeeming or selling units of Mirae Asset Ultra Short Duration Fund - Reg (IDCW) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.

To redeem from Mirae Asset Ultra Short Duration Fund - Reg (IDCW):

  • Login to your m.Stock account
  • In portfolio, your mutual fund investments will be visible under ‘MF’
  • Select the fund you wish to redeem from (in this case Mirae Asset Ultra Short Duration Fund - Reg (IDCW)).
  • Click on ‘Redeem’ button
  • You have 2 options – redeem by units and redeem by value (you can only redeem free units)
  • Select units to be redeemed and click on submit.
  • Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).

Yes, you can invest both lumpsum and SIP in Mirae Asset Ultra Short Duration Fund - Reg (IDCW). Minimum lumpsum investment Mirae Asset Ultra Short Duration Fund - Reg (IDCW) is ₹5000 and minimum SIP amount is ₹1000. Lumpsum option is ideal for investors with higher investible corpus and market experience. SIP option is recommended for retail investors who do not have the time or expertise to time the market.

The latest NAV (Net Asset Value) of Mirae Asset Ultra Short Duration Fund - Reg (IDCW) is ₹1211.79 as on 21 June 2024.

The 5 biggest stock holdings of Mirae Asset Ultra Short Duration Fund - Reg (IDCW) are:
ONGC Petro Add. (3.90%), REC Ltd (2.71%), LIC Housing Fin. (2.27%), Embassy Off.REIT (2.06%), TMF Business Ser (1.62%)

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