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This Fund:
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Showing Funds Performance since Sep 07, 2020

Fund Overview

Min. investment

SIP ₹99 & Lump. ₹5000

AUM (Fund size)

₹1,750 Cr

Lock In Period

N/A

Expense Ratio

0.44

Benchmark

NIFTY Ultra Short Duration Debt Index A-I

Exit Load

Nil

Summary

Latest details for Mirae Asset Ultra Short Duration Fund Growth include a ₹1375.0510 NAV as of Apr 24,2026 and returns since inception of 23.22%. Minimum investments start at SIP ₹99. The Mirae Asset Ultra Short Duration Fund Growth AUM is ₹1,750 Cr, with a lock-in of N/A years, expense ratio of 0.44%, and benchmark NIFTY Ultra Short Duration Debt Index A-I. Exit load is - Nil. In the growth review for 1M Month/Year, the fund recorded 0.83% returns, against a category average of -0.86% and a category best of 259.97%.

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Growth Review

DurationFund Return(%)Category Average(%)Category Best(%)
1M0.83-0.86259.97
6M3.000.82281.41
1Y6.443.10309.46
3Y7.218.99219.54

Portfolio Analysis

  • Equity:
  • Debt: 99.66%
  • Others
As on: 2026-04-15
View allocation % by

1. Kotak Mahindra Bank Ltd. (MD 25/05/2026)4.26%
2. 6.58% L&T Metro Rail (Hyderabad) Ltd. [Guaranteed by Larsen & Toubro Ltd.] (MD 30/04/2026)3.71%
3. 7.43% Small Industries Development Bank of India (MD 31/08/2026)3.15%
4. 182 Days Treasury Bills (MD 14/05/2026)2.85%
5. Punjab National Bank (MD 18/05/2026)2.84%
6. Angel One Ltd. (MD 05/06/2026)2.83%
7. Canara Bank (MD 15/06/2026)2.83%
8. Axis Bank Ltd. (MD 10/08/2026)2.80%
9. Muthoot Finance Ltd. (MD 08/09/2026)2.78%
10. Punjab National Bank (MD 15/09/2026)2.78%
11. Kotak Mahindra Bank Ltd. (MD 24/09/2026)2.78%
12. HDFC Bank Ltd. (MD 14/12/2026)2.74%
13. Tata Capital Housing Finance Ltd. (MD 03/02/2027)2.71%
14. HDFC Bank Ltd. (MD 24/02/2027)2.70%
15. 7.80% National Bank for Agriculture and Rural Development (MD 15/03/2027)2.59%
16. 7.98% Sundaram Home Finance Ltd. (MD 04/09/2026)2.58%
17. Kotak Mahindra Bank Ltd. (MD 12/02/2027)2.54%
18. 7.50% National Bank for Agriculture and Rural Development (MD 31/08/2026)2.29%
19. Small Industries Development Bank of India (MD 03/06/2026)1.99%
20. 8.10% Tata Capital Housing Finance Ltd. (MD 19/02/2027)1.44%
21. 7.77% HDFC Bank Ltd. (MD 28/06/2027)1.44%
22. 7.44% Small Industries Development Bank of India (MD 04/09/2026)1.43%
23. 7.05% Embassy Office Parks Reit (MD 18/10/2026)1.43%
24. IDBI Bank Ltd. (MD 05/06/2026)1.42%
25. Bank of Baroda (MD 15/06/2026)1.42%
26. 7.30% Shriram Pistons & Rings Ltd. (MD 23/08/2027)1.42%
27. Union Bank of India (MD 20/05/2026)1.42%
28. Canara Bank (MD 03/06/2026)1.42%
29. Embassy Office Parks Reit (MD 16/06/2026)1.41%
30. HDFC Bank Ltd. (MD 06/11/2026)1.38%
31. Export-Import Bank of India (MD 11/11/2026)1.38%
32. HDFC Bank Ltd. (MD 22/01/2027)1.36%
33. ICICI Bank Ltd. (MD 12/02/2027)1.35%
34. National Bank for Agriculture and Rural Development (MD 02/03/2027)1.35%
35. National Bank for Agriculture and Rural Development (MD 17/03/2027)1.34%
36. National Bank for Agriculture and Rural Development (MD 18/03/2027)1.34%
37. TREPS1.26%
38. 7.55% Small Industries Development Bank of India (MD 22/09/2026)1.15%
39. 8.14% Kotak Mahindra Prime Ltd. (MD 10/02/2027)0.86%
40. Indostar Capital Finance Ltd. (MD 15/10/2026)0.82%
41. 9.95% Indostar Capital Finance Ltd. (MD 26/06/2026)0.57%
42. 9.95% Indostar Capital Finance Ltd. (MD 27/05/2026)0.57%
43. 8.75% Piramal Finance Ltd. (MD 29/10/2027)0.57%
44. Small Industries Development Bank of India (MD 06/11/2026)0.55%
45. National Bank for Agriculture and Rural Development (MD 17/02/2027)0.54%
46. 8.19% State Government of Kerala (MD 19/12/2028)0.29%
47. Birla Group Holding Pvt. Ltd. (MD 22/05/2026)0.28%
48. 7.35% NTPC Ltd. (MD 17/04/2026)0.03%
49. Net Receivables / (Payables)-3.89%

1. 91 Days Treasury Bills (MD 14/05/2026)6.83%
2. 182 Days Treasury Bills (MD 16/04/2026)5.72%
3. 182 Days Treasury Bills (MD 18/06/2026)1.42%

1. 7.60% Power Finance Corporation Ltd. (MD 20/02/2027)3.16%
2. 7.27% Indian Railway Finance Corporation Ltd. (MD 15/06/2027)1.43%

About Fund

Mirae Asset Ultra Short Duration Fund Growth managed by Mirae Asset Mutual Fund,is a Debt - Short Termscheme with Assets Under Management of ₹1,750 Crore. The fund benchmarks its performance against the NIFTY Ultra Short Duration Debt Index A-I while maintaining an expense ratio of 0.44. Under the expert guidance of Basant Bafna ,the fund implements a disciplined investment approach aligned with its mandate. The scheme requires a minimum investment of ₹500 for SIP and ₹1,000 for lump sum investments, making it accessible to diverse investor profiles.

Fund Managers

Basant Bafna

Mr. Basant Bafna CFA, FRM,MBA (Finance),B Com (Hons),Certified Treasury Professional, Certified Associate of the Indian Institute of Bankers, cleared all levels of Company Secretary. Mr. Basant Bafna has over 12 years of experience in the banking industry. Prior to this assignment, Mr. Basant Bafna worked as Chief Dealer and Assistant General Manager with Export-Import Bank of India.

Peer Comparison

Fund NameRatingsAUMExpense Ratio
This FundTRUSTMF Short Duration Fund Growth088.02 CR0.73
This FundMahindra Manulife Short Duration Fund Growth088.28 CR1.3
This FundMirae Asset Ultra Short Duration Fund Growth41749.56 CR0.44
This FundFranklin India Short Term Income Plan - Institutional Plan Growth00 CR1.18
Fund Name1Y3Y
This FundTRUSTMF Short Duration Fund Growth4.935821.2524
This FundMahindra Manulife Short Duration Fund Growth4.863621.5654
This FundMirae Asset Ultra Short Duration Fund Growth6.444823.2197
This FundFranklin India Short Term Income Plan - Institutional Plan Growth192.0255219.2677

FAQs

Mirae Asset Ultra Short Duration Fund Growth's fund is managed by experienced SEBI-registered investment fund manager , who implements the fund's strategy through research-backed decisions while adhering to its stated objectives.

The expense ratio of Mirae Asset Ultra Short Duration Fund Growth is 0.44. This expense ratio is calculated by dividing the fund's operating expenses by its net assets.

Mirae Asset Ultra Short Duration Fund Growth’s fund performance is as follows:
  • 1 Month : 0.83%
  • 6 Months : 3.00%
  • 1 Year : 6.44%
  • 3 Years : 7.21%
Returns of Mirae Asset Ultra Short Duration Fund Growth are updated daily based on NAV of ₹ 1375.0510 as on Apr 24,2026. Since inception, the return has been 23.22%.

You can invest in Mirae Asset Ultra Short Duration Fund Growth through SIP with a minimum of ₹500 monthly or make a lump sum investment of a minimum ₹1,000. Additional purchase minimums vary by scheme.

The fund size (AUM) of Mirae Asset Ultra Short Duration Fund Growth is ₹1,750 crore. It changes based on market performance, inflows, and outflows.

You can track your investment in Mirae Asset Ultra Short Duration Fund Growth through our website, our Choice FinX mobile app, regular statements, and email updates. Our customer support team is available for queries.
Min Inv Amount: ₹500