MIRAE ASSET
ULTRA SHORT DURATION FUND - (MAUSF)$
(An Open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration* of the portfolio is between 3 months to 6 months (*please refer to page no.32 of SID)
| Type of Scheme | An Open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration* of the portfolio is between 3 months to 6 months (*please refer to page no.32 of SID |
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| Investment Objective | The investment objective of the scheme is to generate regular income and provide liquidity by investing primarily in a portfolio comprising of debt & money market instruments. There is no assurance or guarantee that the investment objective of the scheme will be realized. |
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Fund Manager** |
Mr. Mahendra Jajoo - (since inception) Allotment Date |
07th October, 2020 Benchmark Index |
NIFTY Ultra Short Duration Debt Index Minimum Investment |
Amount ₹ 5,000/- and in multiples of ₹ 1/-thereafter. Minimum Additional Application Amount: ₹1,000/- per application and in multiples of ₹ 1/- thereafter. Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019) Monthly and Quarterly: ₹ 1000/- (multiples of ₹ 1/- thereafter), minimum 5 installments. Load Structure |
Entry load: NA Exit load: Nil Plans Available |
Regular Plan and Direct Plan Options Available |
Growth Option and Dividend Option (Payout & Re-investment) Monthly Average AUM (₹ Cr.) as on February 28, 2021 |
251.65 Net AUM (₹ Cr.) |
264.82 Monthly Avg. Expense Ratio |
(Including Statutory Levies) as on February 28, 2021 Regular Plan: 0.48% Direct Plan: 0.30% **For experience of Fund Managers Click Here |
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| NAV: | Direct | Regular |
| Growth | ₹ 1,013.7871 | ₹ 1,012.6050 |
| Dividend | ₹ 1,013.8433 | ₹ 1,012.1127 |
| Weighted Average Maturity | 0.40 Years |
| Modified Duration | 0.38 Years |
| Macaulay Duration | 0.39 Years |
| Yield to Maturity | 3.70% |
| Portfolio Holdings | % Allocation | |
| Commercial Paper | ||
| Reliance Retail Ventures Ltd (04/03/2021) | 7.59% | |
| Export Import Bank of India (16/06/2021) | 7.52% | |
| National Fertilizers Ltd (30/03/2021) | 3.79% | |
| HDFC Securities Ltd (18/06/2021) | 3.75% | |
| Larsen & Toubro Ltd (27/07/2021) | 3.74% | |
| ICICI Securities Ltd (15/07/2021) | 3.74% | |
| Reliance Industries Ltd (13/08/2021) | 3.73% | |
| LIC Housing Finance Ltd (08/09/2021) | 3.72% | |
| Commercial Paper Total | 37.37% | |
| Corporate Bond | ||
| 7.20% Power Grid Corp Ltd (21/12/2021) | 5.85% | |
| 6.93% Ultratech Cement Ltd (25/11/2021) | 3.88% | |
| 8.75% Muthoot Fin Ltd (19/06/2021) | 3.84% | |
| 8.58% HDFC Ltd (18/03/2022) | 1.98% | |
| 7.17% Reliance Industries Ltd (08/11/2022) | 1.97% | |
| 7.35% Power Fin Corp Ltd (15/10/2022) | 1.97% | |
| 7.6653% L&T Infra Fin Co Ltd (18/03/2022) | 1.94% | |
| 4.50% HDFC Ltd (14/12/2022) | 1.88% | |
| Corporate Bond Total | 23.16% | |
| Certificate of Deposit | ||
| Bank of Baroda (01/06/2021) | 7.49% | |
| National Bank For Agri & Rural (17/06/2021) | 7.48% | |
| IDFC First Bank Limited (25/03/2021) | 5.65% | |
| Certificate of Deposit Total | 20.62% | |
| Government Bond | ||
| 7.94% GOI (24/05/2021) | 5.72% | |
| Government Bond Total | 5.72% | |
| Cash & Other Receivables Total | 13.12% | |
| Total | 100.00% | |
This product is suitable for investors who are seeking*
. Income over a short term investment horizon
. Investment in debt & money market securities with portfolio Macaulay duration between 3 months and 6 months
. Degree of risk - Moderate
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
Past Performance may or may not be sustained in future.
Note : Since the scheme is in existence for less than 6 Month, as per SEBI regulation performance of the scheme has not been shown. The performance of other funds managed by the same fund manager is given in the respective page of the schemes 