MIRAE ASSET
ULTRA SHORT DURATION FUND
(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.38 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.38 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. 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 / 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, 2023 |
566.18 Net AUM (₹ Cr.) |
546.17 Monthly Total Expense Ratio |
(Including Statutory Levies) as on December 31, 2023 Regular Plan: 0.47% Direct Plan: 0.19% **For experience of Fund Managers Click Here |
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| NAV: | Direct | Regular |
| Growth | ₹ 1,177.8027 | ₹ 1,169.7205 |
| IDCW | ₹ 1,177.9112 | ₹ 1,169.2879 |
| Portfolio Holdings | % Allocation |
| Certificate of Deposit | |
| State Bank of India (17/05/2024) # | 4.45% |
| Axis Bank Ltd (17/05/2024) # | 3.56% |
| HDFC Bank Ltd (14/06/2024) # | 2.83% |
| ICICI Bank Ltd (12/06/2024) ** # | 2.83% |
| Bank of Baroda (27/05/2024) ** # | 2.13% |
| Axis Bank Ltd (11/03/2024) ** # | 1.99% |
| HDFC Bank Ltd (13/09/2024) ** # | 1.91% |
| State Bank of India (15/03/2024) # | 1.80% |
| Axis Bank Ltd (14/03/2024) # | 1.80% |
| ICICI Bank Ltd (13/06/2024) # | 1.77% |
| Kotak Mahindra Bank Ltd (26/06/2024) ** # | 1.77% |
| Small Industries Dev Bank of India (21/06/2024) ** # | 1.77% |
| Axis Bank Ltd (21/06/2024) ** # | 1.77% |
| Kotak Mahindra Bank Ltd (06/09/2024) ** # | 1.74% |
| AU Small Finance Bank Ltd (04/09/2024) ** # | 1.73% |
| ICICI Bank Ltd (29/10/2024) ** # | 1.72% |
| Indian Bank (05/03/2024) # | 1.63% |
| Export Import Bank of India (14/03/2024) # | 1.44% |
| Certificate of Deposit Total | 38.64% |
| Corporate Bond | |
| 6.4% Embassy Office Parks REIT (15/02/2024) ** | 4.57% |
| 5.24% Small Industries Dev Bank of India (26/03/2024) ** | 3.64% |
| 5.27% NABARD (29/04/2024) | 2.72% |
| 6.25% Embassy Office Parks REIT (18/10/2024) ** | 2.71% |
| 5.75% LIC Housing Finance Ltd (14/06/2024) ** | 2.36% |
| 5.23% NABARD (31/01/2025) ** | 2.32% |
| 8.57% ONGC Petro Additions Ltd (11/09/2024) | 1.84% |
| 8.1% REC Ltd (25/06/2024) ** | 1.83% |
| 7.38% Cholamandalam Investment and Finance Company Ltd (31/07/2024) ** |
1.82% |
| 6.88% REC Ltd (20/03/2025) ** | 1.81% |
| 7.16% Power Finance Corporation Ltd (24/04/2025) ** | 1.36% |
| 8.8% Bharti Telecom Ltd (21/11/2025) ** | 0.92% |
| Corporate Bond Total | 27.90% |
| Commercial Paper | |
| Angel One Ltd (15/02/2024) ** | 1.63% |
| Motilal Oswal Finvest Ltd (07/03/2024) ** | 2.70% |
| Nuvama Wealth Management Ltd (13/02/2024) ** | 1.81% |
| Small Industries Dev Bank of India (15/02/2024) ** | 1.81% |
| Birla Group Holdings Private Ltd (13/03/2024) ** | 1.80% |
| IGH Holdings Private Ltd (19/03/2024) ** | 1.80% |
| Motilal Oswal Financial Services Ltd (06/03/2024) ** | 1.80% |
| IIFL Samasta Finance Ltd (24/04/2024) ** | 1.78% |
| Motilal Oswal Financial Services Ltd (23/08/2024) ** | 1.73% |
| Shriram Housing Finance Ltd (28/08/2024) ** | 1.73% |
| Muthoot Finance Ltd (15/05/2024) ** | 1.60% |
| Commercial Paper Total | 20.19% |
| Treasury Bill | |
| 182 Days Tbill (13/06/2024) | 6.21% |
| 182 Days Tbill (20/06/2024) | 1.77% |
| 182 Days Tbill (29/03/2024) | 0.90% |
| Treasury Bill Total | 8.88% |
| State Government Bond | |
| 8.16% Jharkhand SDL (14/01/2025) | 0.92% |
| 8.14% Kerala SDL (14/01/2025) | 0.92% |
| 8.17% West Bangal SDL (10/12/2024) | 0.92% |
| State Government Bond Total | 2.76% |
| Corporate Debt Market Development Fund^ | |
| Class A2 units of Corporate Debt Market Development Fund # | 0.12% |
| Corporate Debt Market Development Fund Total | 0.12% |
| Cash & Other Receivables Total | 1.51% |
| Total | 100.00% |
** Thinly Traded / Non Traded Security # Unlisted Security
^Please refer to notice-cum-addendum no. 58/2023 https://www.miraeassetmf.co.in/downloads/statutory-disclosure/addendum
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| Mirae Asset Ultra Short Duration Fund | 7.11% | 5.07% | 4.97% | |
| Scheme Benchmark* | 7.70% | 5.64% | 5.55% | |
| Additional Benchmark** | 6.96% | 4.85% | 4.76% | |
| NAV as on 29th December, 2023 | ₹1,169.7205 | |||
| Index Value (29th December, 2023) | Index Value of benchmark is 5,049.49 and CRISIL 1 Year T-Bill is 6,973.49 |
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| 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
Latest available NAV has been taken for return calculation wherever applicable
Past Performance may or may not be sustained in future.
Note : For computation of since inception returns (%) the allotment NAV has been taken as ₹ 10.00 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
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.
| Average Maturity | 170.62 Days |
| Modified Duration | 0.45 Years |
| Macaulay Duration | 0.46 Years |
| Annualized Portfolio YTM* | 7.85% |
*In case of semi annual YTM, it will be annualized.