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.37 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.37 of SID A relatively low interest rate risk and moderate credit risk |
||||||||||||||||||||||||
| 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. |
||||||||||||||||||||||||
Fund Manager** |
Mr. Basant Bafna# - (since January 16, 2023) Allotment Date |
07th October, 2020 Benchmark Index |
NIFTY Ultra Short Duration Debt Index B-I 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 January 31, 2023 |
286.21 Net AUM (₹ Cr.) |
274.19 Monthly Avg. Expense Ratio |
(Including Statutory Levies) as on January 31, 2023 Regular Plan: 0.48% Direct Plan: 0.29% **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. |
# As per notice cum addendum no. 03/2023 fund manager of the scheme has changed. Please visit the website for more details: https://www.miraeassetmf.co.in/downloads/statutory-disclosure/addendum | |||||||||||||
| NAV: | Direct | Regular |
| Growth | ₹ 1,103.2424 | ₹ 1,097.6888 |
| IDCW^ | ₹ 1,103.3205 | ₹ 1,097.3352 |
| Average Maturity | 155.50 Days |
| Modified Duration | 0.42 Years |
| Macaulay Duration | 0.42 Years |
| Annualized Portfolio YTM* | 7.47% |
*In case of semi annual YTM, it will be annualized.
| Portfolio Holdings | % Allocation |
| Certificate of Deposit | |
| Axis Bank Ltd (19/01/2024) ** # | 6.79% |
| Canara Bank (12/06/2023) # | 5.33% |
| HDFC Bank Ltd (15/06/2023) ** # | 5.32% |
| ICICI Bank Ltd (30/06/2023) ** # | 5.31% |
| National Bank For Agriculture and Rural Development (23/01/2024) ** # | 5.09% |
| Small Industries Dev Bank of India (30/05/2023) ** # | 3.56% |
| Kotak Mahindra Bank Ltd (26/06/2023) ** # | 3.54% |
| Union Bank of India (10/01/2024) # | 3.40% |
| Canara Bank (14/03/2023) ** # | 1.81% |
| Small Industries Dev Bank of India (12/09/2023) ** # | 1.74% |
| Axis Bank Ltd (01/12/2023) ** # | 1.71% |
| Certificate of Deposit Total | 43.60% |
| Commercial Paper | |
| Pilani Investment and Industries Corporation Ltd (08/02/2023) ** | 3.64% |
| Godrej Properties Ltd (13/02/2023) ** | 3.64% |
| Motilal Oswal Financial Services Ltd (13/03/2023) ** | 3.62% |
| Angel One Ltd (17/03/2023) ** | 3.61% |
| IIFL Wealth Prime Ltd (25/04/2023) ** | 3.58% |
| Housing Development Finance Corporation Ltd (29/08/2023) ** | 3.49% |
| Housing Development Finance Corporation Ltd (28/11/2023) ** | 3.42% |
| Motilal Oswal Financial Services Ltd (06/06/2023) ** | 1.77% |
| Commercial Paper Total | 26.77% |
| Corporate Bond | |
| 6.65% Grasim Industries Ltd (17/02/2023) ** | 3.65% |
| 8.1% Power Finance Corporation Ltd (04/06/2024) ** | 1.83% |
| 6.75% Shriram Finance Ltd (28/04/2023) ** | 1.83% |
| 8.5% L&T Finance Ltd (17/03/2023) | 1.83% |
| 6.4% National Bank For Agriculture and Rural Development (31/07/2023) | 1.81% |
| 5.44% National Bank For Agriculture and Rural Development (05/02/2024) | 1.78% |
| Corporate Bond Total | 12.73% |
| Treasury Bill | |
| 364 Days Tbill (16/02/2023) | 1.82% |
| 364 Days Tbill (23/02/2023) | 1.82% |
| 364 Days Tbill (01/06/2023) | 1.78% |
| 364 Days Tbill (07/09/2023) | 1.75% |
| Treasury Bill Total | 7.17% |
| Government Bond | |
| 4.48% GOI (02/11/2023) | 1.79% |
| Government Bond Total | 1.79% |
| Cash & Other Receivables Total | 7.93% |
| Total | 100.00% |
** Thinly Traded / Non Traded Security # Unlisted Security
| Returns (in%) | ||||
| 1 Yr | SI | |||
| MAUSDF | 4.90% |
4.10% |
||
| Scheme Benchmark* | 5.43% |
4.68% |
||
| Additional Benchmark** | 4.56% |
3.92% |
||
| NAV as on 31st January, 2023 | ₹ 1,097.6888 | |||
| Index Value (31st January, 2023) | Index Value of benchmark is 4,714.95 and CRISIL 1 Year T-Bill is 6,558.51 |
|||
| Allotment Date | 07th October, 2020 | |||
| Scheme Benchmark | *NIFTY Ultra Short Duration Debt Index B-I | |||
| Additional Benchmark | **CRISIL 1 Year T-Bill | |||
Fund manager : Mr. Basant Bafna managing the scheme since 16th January, 2023.
Note: Returns (%) for less than 1 year calculated on simple annualized basis, others are CAGR- Compounded Annualized Growth returns
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 
Different Plans under the scheme has different expense structure. The reference and details provided here in are of Regular Plan - Growth Option