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
★★★★★ monitor_heart Health Score: 73/100 · GoodMirae Asset Mutual Fund · Debt · Ultra Short Duration
₹1,417.01
AUM: ₹1,467 Cr
NAV updated 9 days ago
Plan
Direct
Option
Growth
Risk
Low to Moderate
Expense Ratio
0.21%
Exit Load
Nil
Fund Manager
Mahendra Kumar Jajoo
Inception
Oct 2020
Benchmark
NIFTY Ultra Short Duration Debt Index A-I
Sharpe Ratio
0.86
Std Dev (1Y)
0.46%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
+0.66%
3m
+1.65%
6m
+3.47%
1y
+6.5%
3y
+7.41%
5y
+6.57%
10y
—
since inception
+6.19%
rate_review 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 0.21%, the expense ratio is meaningfully cheaper — about 30% below the Ultra Short Duration category average of 0.3% (based on 216 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 moderate Sharpe ratio of 0.86 — decent risk-adjusted performance, without being exceptional. Separately, annualised volatility of 0.46% is on the lower side, 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.
donut_small Sector Allocation
pie_chart Asset Allocation
info Fund Snapshot
Similar Funds
TATA Ultra Short Term Fund Direct Plan - Weekly Reinvestment of Income Distribution cum capital withdrawal option
Tata Mutual Fund
HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund - Direct Growth Plan
HDFC Mutual Fund
Bandhan CRISIL-IBX Financial Services 3-6 Months Debt Index Fund - Direct Plan - Growth
Bandhan Mutual Fund
ICICI Prudential CRISIL-IBX AAA Bond Financial Services Index -Dec 2026 Fund- Direct Plan - Growth
ICICI Prudential Mutual Fund
ICICI Prudential CRISIL-IBX Financial Services 3-6 Months Debt Index Fund - Growth
ICICI Prudential Mutual Fund
Axis Ultra Short Duration Fund - Direct Plan Growth
Axis Mutual Fund
tips_and_updates 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 ₹1417.01. NAV is updated every business day after market close by AMFI.
1Y: 6.5% · 3Y CAGR: 7.41% · 5Y CAGR: 6.57%
The expense ratio is 0.21% per annum — the annual fee deducted from your investment to cover fund management costs.
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 a Low to Moderate risk fund. 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.
The Assets Under Management (AUM) of Mirae Asset Ultra Short Duration Fund Direct Growth is ₹1,467 crore as of the latest data.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.