Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Mirae Asset Ultra Short Duration Fund Direct Growth
★★★★★ 3rd-party
External rating
- Source: Third-party data provider (Groww/CRISIL)
- Original rating: 4/5, displayed as-is — TopFund does not modify third-party ratings
- Refresh frequency: Whenever TopFund re-syncs this fund's data
- Limitations: The provider's own rating methodology isn't disclosed here — see the provider's own site for their criteria
TopFund Score: 73/100 · Good
How this score is calculated
- Star rating (35%)4/5
- 3Y CAGR (30%)7.44%
- Expense ratio (20%)0.23%
- AUM (15%)₹2,066 Cr
Not investment advice — an analytical read of public fund data. Methodology →
Mirae Asset Mutual Fund · Debt · Ultra Short Duration
₹1,430.57
AUM: ₹2,065 Cr
NAV updated 15 days ago
Plan
Direct
Option
Growth
Risk
Low to Moderate
Expense Ratio
0.23%
Exit Load
Nil
Fund Manager
Mahendra Kumar Jajoo
Inception
Oct 2020
Benchmark
NIFTY Ultra Short Duration Debt Index A-I
Sharpe Ratio
1.08
Std Dev (1Y)
0.48%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
+0.53%
3m
+1.96%
6m
+3.7%
1y
+6.77%
3y
+7.44%
5y
+6.67%
10y
—
since inception
+6.23%
TopFund's Take on Mirae Asset Ultra Short Duration Fund Direct Growth
Mirae Asset Ultra Short Duration Fund Direct Growth holds up reasonably well within the Ultra Short Duration category, backed by a 4-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 73/100.
Cost: At 0.23%, the expense ratio is meaningfully cheaper — about 21% below the Ultra Short Duration category average of 0.29% (based on 214 comparable funds). Lower costs compound in your favour over long holding periods.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a strong Sharpe ratio of 1.08 — the fund has generated solid returns relative to the volatility it exposed investors to. Separately, annualised volatility of 0.48% is on the lower side for a Ultra Short Duration fund, suggesting a comparatively smoother ride.
Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Debt fund.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
Sector Allocation
Asset Allocation
Fund Snapshot
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Tools & Guides for This Fund
Frequently Asked Questions about Mirae Asset Ultra Short Duration Fund Direct Growth
The current NAV (Net Asset Value) of Mirae Asset Ultra Short Duration Fund Direct Growth is ₹1430.57. NAV is updated every business day after market close by AMFI.
1Y: 6.77% · 3Y CAGR: 7.44% · 5Y CAGR: 6.67%
The expense ratio of Mirae Asset Ultra Short Duration Fund Direct Growth is 0.23% per annum. This is the annual fee charged by the fund to manage your investment.
Mirae Asset Ultra Short Duration Fund Direct Growth is managed by Mahendra Kumar Jajoo at Mirae Asset Mutual Fund.
Mirae Asset Ultra Short Duration Fund Direct Growth is classified as a Low to Moderate risk fund. It is suitable for investors with a moderate risk appetite.
Mirae Asset Ultra Short Duration Fund Direct Growth is a Ultra Short Duration fund. SIP suitability depends on your investment goal and risk profile.
You can start a SIP in Mirae Asset Ultra Short Duration Fund Direct Growth with as little as ₹500 per month through most mutual fund platforms. The minimum lump sum investment is typically ₹1,000.
The Assets Under Management (AUM) of Mirae Asset Ultra Short Duration Fund Direct Growth is ₹2,066 crore. AUM indicates the total market value of assets managed by the fund.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.
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