MIRAE ASSET
ULTRA SHORT DURATION FUND - (MAUSDF)
(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.33 of SID)
A relatively low interest rate risk and moderate credit risk
| 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.33 of SID A relatively low interest rate risk and moderate credit risk |
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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 in case of Monthly or 3 in case of Quarterly option. Load Structure |
Entry load: NA Exit load: Nil Plans Available |
Regular Plan and Direct Plan Options Available |
Growth Option and IDCW^ Option (Payout & Re-investment) Monthly Average AUM (₹ Cr.) as on December 31, 2021 |
230.47 Net AUM (₹ Cr.) |
219.35 Monthly Avg. Expense Ratio |
(Including Statutory Levies) as on December 31, 2021 Regular Plan: 0.47% Direct Plan: 0.27% **For experience of Fund Managers Click Here |
^Pursuant to Notice cum addendum dated March 27, 2021 the nomenclature of dividend option has been changed w.e.f. April 01, 2021. |
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| NAV: | Direct | Regular |
| Growth | ₹ 1,046.4844 | ₹ 1,043.3778 |
| IDCW | ₹ 1,046.5633 | ₹ 1,043.0456 |
| Weighted Average Maturity | 98.06 Days |
| Modified Duration | 0.27 Years |
| Macaulay Duration | 0.27 Years |
| Yield to Maturity | 3.86% |
| Portfolio Holdings | % Allocation | |
| Treasury Bill | ||
| 364 Days Tbill (24/02/2022) | 6.80% | |
| 364 Days Tbill (03/03/2022) | 6.80% | |
| 364 Days Tbill (17/03/2022) | 6.79% | |
| 182 Days Tbill (04/05/2022) | 6.75% | |
| 364 Days Tbill (30/03/2022) | 4.52% | |
| 182 Days Tbill (09/06/2022) | 4.48% | |
| 182 Days Tbill (28/04/2022) | 2.25% | |
| Treasury Bill Total | 38.40% | |
| Commercial Paper | ||
| IIFL Wealth Prime Ltd (25/02/2022) | 9.05% | |
| Reliance Industries Ltd (28/02/2022) | 6.80% | |
| Godrej Agrovet Ltd (16/03/2022) | 6.79% | |
| Network18 Media & Investments Ltd (25/02/2022) | 4.53% | |
| Commercial Paper Total | 27.17% | |
| Certificate of Deposit | ||
| Axis Bank Ltd (10/03/2022) | 4.53% | |
| IDFC First Bank Ltd (14/03/2022) | 4.53% | |
| HDFC Bank Ltd (21/06/2022) | 4.47% | |
| Certificate of Deposit Total | 13.53% | |
| Corporate Bond | ||
| 9.25% Manappuram Finance Ltd (14/02/2022) | 4.58% | |
| 7.35% Power Finance Corporation Ltd (15/10/2022) | 2.33% | |
| 8.58% Housing Development Finance Corporation Ltd (18/03/2022) | 2.30% | |
| 7.6653% L&T Finance Ltd (18/03/2022) | 2.30% | |
| Corporate Bond Total | 11.50% | |
| Government Bond | ||
| 8.15% GOI (11/06/2022) | 6.96% | |
| 6.84% GOI (19/12/2022) | 2.33% | |
| Government Bond Total | 9.30% | |
| Cash & Other Receivables Total | 0.10% | |
| Total | 100.00% | |
| Returns (in%) | ||||
| 1 Yr | SI | |||
| MAUSDF | 3.46 |
3.50 |
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| Scheme Benchmark* | 3.93 |
3.96 |
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| Additional Benchmark** | 3.49 |
3.52 |
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| NAV as on 31st December, 2021 | 1,043.3778 | |||
| Index Value (31st December, 2021) | Index Value of benchmark is 4,386.72 and CRISIL 1 Year T-Bill is 6,261.63 | |||
| Allotment Date | 07th October, 2020 | |||
| Scheme Benchmark | *Nifty Ultra Short Duration Debt Index | |||
| Additional Benchmark | **CRISIL 1 Year T-Bill | |||
Note:1. Different Plans under the scheme has different expense structure. The reference and details provided herein are of Regular Plan - Growth Option
2. Fund manager : Mr. Mahendra Jajoo managing the scheme since 07th October, 2020.
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
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
Note : With reference to SEBI Circular no. SEBI/HO/IMD/IMD-11 DOF-3/CIR/2021/573 dated June 07, 2021 disclosure of Potential Risk Class (PRC) Matrix is provided for debt Schemes of Mirae Asset Mutual Fund.
Past Performance may or may not be sustained in future.
Note : For computation of since inception returns (%) the allotment NAV has been taken as ₹ 1000. The performance of other funds managed by the same fund manager is given in the respective page of the schemes and on 