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 February 29, 2024 |
810.92 Net AUM (₹ Cr.) |
1,027.58 Monthly Total Expense Ratio |
(Including Statutory Levies) as on February 29, 2024 Regular Plan: 0.46% Direct Plan: 0.24% **For experience of Fund Managers Click Here |
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| NAV: | Direct | Regular |
| Growth | ₹ 1,192.9115 | ₹ 1,184.2299 |
| IDCW | ₹ 1,192.9899 | ₹ 1,183.7926 |
| Portfolio Holdings | % Allocation |
Debt Instruments |
|
8.57% ONGC Petro Additions Limited (11/09/2024) |
3.42% |
6.88% REC Limited (20/03/2025) ** |
2.89% |
5.27% National Bank For Agriculture and Rural Development (29/04/2024) |
2.52% |
8.1% REC Limited (25/06/2024) ** |
2.43% |
9.25% Motilal Oswal Finvest Limited (01/11/2024) ** |
2.43% |
8.6% Bharti Telecom Limited (05/12/2024) ** |
2.42% |
7.38% Cholamandalam Investment and Finance Company Ltd (31/07/2024) ** |
1.93% |
8.8% Bharti Telecom Limited (21/11/2025) ** |
1.75% |
6.25% Embassy Office Parks REIT (18/10/2024) ** |
1.44% |
5.75% LIC Housing Finance Limited (14/06/2024) ** |
1.26% |
7.16% Power Finance Corporation Limited (24/04/2025) ** |
1.21% |
7.47% Small Industries Dev Bank of India (25/11/2025) |
0.63% |
8.16% Jharkhand SDL (14/01/2025) |
0.49% |
8.14% Kerala SDL (14/01/2025) |
0.49% |
8.17% West Bangal SDL (10/12/2024) |
0.49% |
7.9% LIC Housing Finance Limited (08/05/2024) ** |
0.49% |
8.9% Bharti Telecom Limited (04/12/2025) ** |
0.39% |
Debt Instruments Total |
26.68% |
Certificate of Deposit |
|
Bank of Baroda (13/06/2024) ** # |
4.76% |
HDFC Bank Limited (14/06/2024) # |
4.76% |
Punjab National Bank (02/04/2024) ** # |
2.42% |
Canara Bank (15/05/2024) ** # |
2.40% |
State Bank of India (17/05/2024) # |
2.39% |
Axis Bank Limited (17/05/2024) ** # |
2.39% |
Indian Bank (21/05/2024) ** # |
2.39% |
Kotak Mahindra Bank Limited (07/06/2024) ** # |
2.38% |
Small Industries Dev Bank of India (06/06/2024) # |
2.38% |
Axis Bank Limited (18/09/2024) ** # |
2.33% |
Small Industries Dev Bank of India (11/12/2024) ** # |
2.29% |
National Bank For Agriculture and Rural Development (26/02/2025) ** # |
2.26% |
ICICI Bank Limited (12/06/2024) ** # |
1.52% |
Union Bank of India (21/02/2025) ** # |
1.36% |
HDFC Bank Limited (20/02/2025) ** # |
1.36% |
Bank of Baroda (27/05/2024) ** # |
1.15% |
HDFC Bank Limited (13/09/2024) ** # |
1.03% |
ICICI Bank Limited (13/06/2024) # |
0.95% |
Axis Bank Limited (20/06/2024) ** # |
0.95% |
Axis Bank Limited (21/06/2024) ** # |
0.95% |
Small Industries Dev Bank of India (21/06/2024) ** # |
0.95% |
Kotak Mahindra Bank Limited (26/06/2024) ** # |
0.95% |
Kotak Mahindra Bank Limited (06/09/2024) ** # |
0.94% |
AU Small Finance Bank Limited (04/09/2024) ** # |
0.93% |
Certificate of Deposit Total |
46.19% |
Commercial Paper |
|
National Bank For Agriculture and Rural Development (21/05/2024) ** |
2.39% |
Motilal Oswal Finvest Limited (07/03/2024) ** |
1.46% |
Birla Group Holdings Private Limited (14/02/2025) ** |
1.26% |
Angel One Limited (15/05/2024) ** |
1.24% |
Motilal Oswal Financial Services Limited (06/03/2024) ** |
0.97% |
Birla Group Holdings Private Limited (13/03/2024) ** |
0.97% |
IGH Holdings Private Limited (19/03/2024) ** |
0.97% |
IIFL Samasta Finance Limited (24/04/2024) ** |
0.96% |
Piramal Capital & Housing Finance Limited (07/05/2024) ** |
0.96% |
Shriram Housing Finance Limited (28/08/2024) ** |
0.93% |
Motilal Oswal Financial Services Limited (23/08/2024) ** |
0.93% |
LIC Housing Finance Limited (01/03/2024) ** |
0.49% |
Commercial Paper Total |
13.53% |
Treasury Bill |
|
182 Days Tbill (06/06/2024) |
3.34% |
182 Days Tbill (13/06/2024) |
3.34% |
182 Days Tbill (20/06/2024) |
2.38% |
364 Days Tbill (14/03/2024) |
0.49% |
Treasury Bill Total |
9.55% |
Others |
|
Corporate Debt Market Development Fund^ |
|
Class A2 units of Corporate Debt Market Development Fund # |
0.13% |
Corporate Debt Market Development Fund Total |
0.13% |
Cash & Other Receivables Total |
3.91% |
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 Year | 3 Years | Since inception | Value of 10000 invested Since Inception (in Rs.) | ||
| Mirae Asset Ultra Short Duration Fund | 7.38% |
5.36% |
5.10% |
11,842 |
|
| Scheme Benchmark* | 7.88% |
5.87% |
5.66% |
12,057 |
|
| Additional Benchmark** | 7.38% |
5.07% |
4.87% |
11,753 |
|
| NAV as on 29th February, 2024 | ₹1,184.2299 | ||||
| Index Value (29th February, 2024) | Index Value of benchmark is 5,113.27 and CRISIL 1 Year T-Bill is 7,051.32 |
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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 ₹ 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
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 | 159.93 Days |
| Modified Duration | 0.42 Years |
| Macaulay Duration | 0.43 Years |
| Annualized Portfolio YTM* | 7.88% |
*In case of semi annual YTM, it will be annualized.