GMP IPO Watch
Debt Scheme - Ultra Short Duration Fund
Mirae Asset Ultra Short-Term Fund
Regular Plan · IDCW · Mirae Asset Mutual Fund
Risk: Low to Moderate Risk
★★★★★
Morningstar
52W Low ₹1337.10 4 Nov 2025
52W High ₹1420.35 4 Nov 2026
₹1420.3513
NAV as of 4 Nov 2026
+0.04% day change
Other Plans of This Fund
ISININF769K01GG4
Scheme Code148531
StructureOpen Ended Schemes
AUM (avg. July - September 2026)₹0.64 Cr
Expense Ratio (as of 3 Nov 2026)0.68%
Min. InvestmentPurchase : Rs. 5000/- and in multiples of Re. 1/-
Inception Date28 Sept 2020
BenchmarkNIFTY Ultra Short Duration Debt Index A-I
Portfolio Turnover437.85%
NFO Period28 Sep 2020 – 06 Oct 2020
Returns
1Y
+6.23%
3Y
+7.07%
5Y
+6.49%
Since Inception
+5.94%
Annualised (CAGR) returns for periods over a year.
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Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +0.20% | +0.13% | 2 of 27 |
| 1M | +0.38% | +0.27% | 2 of 27 |
| 3M | +1.37% | +0.94% | 1 of 26 |
| 6M | +3.23% | +2.24% | 1 of 26 |
| YTD | +5.25% | +3.56% | 1 of 27 |
| 1Y | +6.23% | +4.24% | 1 of 26 |
| 2Y | +6.81% | +4.73% | 1 of 25 |
| 3Y | +7.07% | +4.79% | 1 of 24 |
| 5Y | +6.49% | +4.44% | 1 of 23 |
| INCEPTION | +5.94% | — | — |
Ranked among: Debt Scheme - Ultra Short Duration Fund.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +1.48% | +2.38% | +0.52% | 100% | 41% |
| 6M | +3.00% | +4.09% | +1.52% | 100% | 41% |
| 1Y | +6.18% | +8.01% | +3.35% | 100% | 42% |
| 2Y | +6.44% | +7.65% | +3.71% | 100% | 42% |
| 3Y | +6.54% | +7.39% | +4.81% | 100% | 42% |
| 5Y | +6.19% | +6.50% | +5.89% | 100% | 42% |
Rolling returns show the average, best and worst outcome an investor would have seen entering at any point in the window.
NAV History
AUM Trend (₹ Cr, quarterly average)
Expense Ratio Trend
Portfolio · Sep 2026
Asset Allocation
- Equity0.00%
- Debt102.33%
- Cash-2.34%
- Other0.01%
Market Cap Split
- Large Cap0.00%
- Mid Cap0.00%
- Small Cap0.00%
- Others100.00%
Holdings55
Top 5 Stocks0.00%
Top 10 Stocks0.00%
Top 3 Sectors0.00%
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| 8.45% Motilal Oswal Home Finance Ltd. (MD 07/01/2027)** | Debt | 4.15% | +0.52% |
| National Bank for Agriculture and Rural Development (MD 26/02/2027)** | Money Market | 4.03% | +0.52% |
| HDFC Bank Ltd. (MD 12/03/2027)** | Money Market | 4.02% | — |
| Small Industries Development Bank of India (MD 25/03/2027)** | Money Market | 4.01% | +2.84% |
| 7.64% REC Ltd. (MD 30/04/2027)** | Debt | 3.04% | +0.38% |
| 7.95% REC Ltd. (MD 12/03/2027)** | Debt | 2.77% | — |
| PFC-7.60%-20-2-27-PVT | Debt | 2.77% | +0.34% |
| 7.71% REC Ltd. (MD 26/02/2027)** | Debt | 2.77% | — |
| CIFCL MARKET LKD 2029 | Debt | 2.77% | +0.35% |
| 7.34% Mahindra & Mahindra Financial Services Ltd. (MD 18/05/2029)** | Debt | 2.76% | +0.35% |
| 8.33% Tata Projects Ltd. (MD 24/06/2027)** | Debt | 2.76% | +0.34% |
| Export-Import Bank of India (MD 25/01/2027)** | Money Market | 2.71% | +0.35% |
| Tata Capital Housing Finance Ltd. (MD 03/02/2027)** | Money Market | 2.70% | +0.35% |
| Indian Bank (MD 09/02/2027)** | Money Market | 2.70% | +0.35% |
| 182TB18327 | Money Market | 2.69% | — |
View all 56 holdings
| Canara Bank (MD 12/03/2027)** | Money Market | 2.68% | — |
| National Bank for Agriculture and Rural Development (MD 18/03/2027) | Money Market | 2.68% | +0.35% |
| Indian Bank (MD 21/06/2027)** | Money Market | 2.63% | +0.34% |
| 7.79% Small Industries Development Bank of India (MD 19/04/2027) | Debt | 2.49% | +0.31% |
| 8.42% Muthoot Finance Ltd. (MD 26/07/2029)** | Debt | 2.49% | +0.32% |
| Indian Bank (MD 12/01/2027) | Money Market | 2.36% | +0.30% |
| Bank of Baroda (MD 08/01/2027) | Money Market | 2.17% | — |
| 8.60% Manappuram Finance Ltd. (MD 27/03/2028)** | Debt | 1.82% | +0.23% |
| 7.34% TATA Capital Ltd. (MD 21/02/2029)** | Debt | 1.65% | +0.20% |
| National Bank for Agriculture and Rural Development (MD 14/01/2027)** | Money Market | 1.63% | +0.21% |
| REC Ltd. (MD 19/03/2027) | Money Market | 1.61% | — |
| Small Industries Development Bank of India (MD 11/06/2027) | Money Market | 1.58% | +0.21% |
| 9.20% 360 ONE WAM Ltd. (MD 25/07/2028)** | Debt | 1.39% | +0.18% |
| 8.65% Aadhar Housing Finance Ltd. (MD 20/08/2027)** | Debt | 1.39% | -0.31% |
| 7.18% Power Finance Corporation Ltd. (MD 20/01/2027)** | Debt | 1.38% | +0.17% |
| 7.05% Embassy Office Parks Reit (MD 18/10/2026)** | Debt | 1.38% | +0.17% |
| 8.00% Tata Capital Housing Finance Ltd. (MD 03/11/2027)** | Debt | 1.38% | +0.17% |
| 7.22% Export-Import Bank of India (MD 03/08/2027)** | Debt | 1.38% | -1.04% |
| 7.30% SPR Auto Technologies Ltd. (MD 23/08/2027)** | Debt | 1.38% | +0.17% |
| 9.25% SK Finance Ltd. (MD 16/07/2029)** | Debt | 1.37% | +0.17% |
| Sundaram Finance Ltd. (MD 15/02/2027)** | Money Market | 1.35% | +0.18% |
| National Bank for Agriculture and Rural Development (MD 22/01/2027)** | Money Market | 1.35% | — |
| Indian Bank (MD 29/01/2027)** | Money Market | 1.35% | +0.17% |
| Punjab National Bank (MD 10/02/2027) | Money Market | 1.35% | -4.53% |
| Punjab National Bank (MD 26/02/2027)** | Money Market | 1.35% | +0.18% |
| Jio Credit Ltd. (MD 12/03/2027)** | Money Market | 1.34% | — |
| Kotak Mahindra Bank Ltd. (MD 05/03/2027)** | Money Market | 1.34% | +0.17% |
| Small Industries Development Bank of India (MD 20/08/2027)** | Money Market | 1.24% | +0.16% |
| Punjab National Bank (MD 05/02/2027)** | Money Market | 1.24% | +0.16% |
| 9.25% Indostar Capital Finance Ltd. (MD 24/01/2028)** | Debt | 0.83% | -1.11% |
| 7.80% Bajaj Finance Ltd. (MD 10/12/2027) | Debt | 0.83% | — |
| 8.60% Muthoot Finance Ltd. (MD 02/03/2028)** | Debt | 0.83% | — |
| Indostar Capital Finance Ltd. (MD 15/10/2026)** | Money Market | 0.83% | +0.11% |
| 182TB26227 | Money Market | 0.81% | — |
| 8.60% Aditya Birla Renewables Ltd. (MD 24/09/2027)** | Debt | 0.55% | +0.07% |
| 8.60% Manappuram Finance Ltd. (MD 24/03/2028)** | Debt | 0.55% | -0.66% |
| 7.86% Tata Capital Housing Finance Ltd. (MD 21/09/2029) | Debt | 0.55% | — |
| Punjab National Bank (MD 09/03/2027)** | Money Market | 0.54% | — |
| Corporate Debt Market Development Fund - Class A2 | Debt | 0.33% | +0.04% |
| 8.19% State Government of Kerala (MD 19/12/2028) | Debt | 0.28% | +0.03% |
| Net Receivables / (Payables) | Net Current Assets | -2.34% | — |
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 0.50 | 0.63 | Low Volatility |
| 3Y | 0.40 | 0.55 | Low Volatility |
| 5Y | 0.37 | 0.53 | Low Volatility |
What is this?
Annualized population standard deviation of daily denomination-adjusted NAV returns, multiplied by sqrt(252). Values require a full timeframe of NAV history.
Sharpe Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 0.57 | -14.14 | Above Average |
| 3Y | 2.59 | -8.30 | Above Average |
| 5Y | 1.38 | -6.32 | Above Average |
What is this?
Annualized Sharpe ratio calculated from month-end NAV returns using the latest available FBIL Overnight MIBOR rate as the risk-free rate. For schemes with less than three years of history, the 3Y value uses since-inception data. Applied risk-free rate: 5.73% (published 2026-10-28).
Sortino Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 33.86 | 27.57 | Above Average |
| 3Y | 65.79 | 53.32 | Above Average |
| 5Y | 63.98 | 39.63 | Above Average |
What is this?
Annualized from daily NAV returns using a 0.00% minimum acceptable return; downside deviation includes only returns below this target.
Beta
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 1.37 | 1.23 | Poor Risk Adjusted Returns |
| 3Y | 1.20 | 1.08 | Poor Risk Adjusted Returns |
| 5Y | 1.16 | 1.07 | Poor Risk Adjusted Returns |
What is this?
This value gives idea about how volatile fund performance has been compared to similar funds in the market. Lower beta implies the fund gives more predictable performance compared to similar funds in the market.
Compare With Peers
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
Franklin India Ultra Short Term Fund
Direct Plan · Growth
|
+6.31% | — | — | +7.07% |
|
Baroda BNP Paribas Ultra Short Term Fund
Regular Plan · Growth Option
|
+6.24% | +6.95% | +6.51% | +6.30% |
|
HSBC Ultra Short Term Fund
Regular plan · Growth
|
+6.22% | +6.91% | +6.35% | +5.84% |
|
HDFC Ultra Short Term Fund
Direct Plan · Growth Option
|
+6.17% | +7.14% | +6.60% | +6.61% |
|
BANDHAN ULTRA SHORT TERM FUND
Regular Plan · Growth
|
+6.13% | +6.88% | +6.31% | +6.22% |
|
Aditya Birla Sun Life Ultra Short Term Fund
Regular Plan · GROWTH
|
+6.12% | +7.16% | +6.59% | +7.65% |
|
SBI ULTRA SHORT TERM FUND
Regular Plan · Growth
|
+6.10% | +6.88% | +6.31% | +7.12% |
|
Nippon India Ultra Short Term Fund
Regular Plan · Growth Option
|
+6.04% | +6.72% | +6.21% | +5.77% |
|
Invesco India Ultra Short Term Fund
Regular Plan · Growth
|
+6.01% | +6.81% | +6.13% | +6.99% |
|
Kotak Ultra Short Term Fund
Regular Plan · Growth
|
+5.80% | +6.65% | +6.15% | +7.28% |
More From Mirae Asset Investment Managers (India) Pvt. Ltd
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
Mirae Asset S&P 500 Top 50 ETF Fund of Fund
Direct Plan · Growth
|
+29.35% | +41.95% | +25.08% | +25.94% |
| Mirae Asset Silver ETF | +26.31% | +36.47% | — | +30.17% |
|
Mirae Asset NYSE FANG + ETF Fund of Fund
Direct Plan · Growth
|
+21.29% | +50.85% | +29.57% | +31.68% |
|
Mirae Asset Gold Silver Passive FoF
Direct Plan · IDCW
|
+21.29% | — | — | +35.40% |
|
Mirae Asset Healthcare Fund
Direct Plan · Growth
|
+21.28% | +24.36% | +16.89% | +22.00% |
| Mirae Asset Nifty Metal ETF | +19.77% | — | — | +11.29% |
|
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund
Direct Plan · Growth
|
+18.59% | +34.76% | — | +33.45% |
| Mirae Asset Gold ETF | +16.94% | +31.04% | — | +27.13% |
|
Mirae Asset Gold ETF Fund of Fund
Direct Plan · Growth
|
+16.76% | — | — | +32.55% |
| Mirae Asset NYSE FANG+ ETF | +9.94% | +37.12% | +22.50% | +24.56% |
About This Scheme
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
Stated Asset Allocation
Debt and Money market instruments such that the Macaulay duration of the portfolio is between 3 months to 6 months: upto 100%
Exit Load
NIL
Fund Managers
Mr. Basant Bafna
Primary
Official Documents
Scheme Information Document (PDF)
Scheme Summary (PDF)
Scheme Summary (XLS)
Mirae Asset Investment Managers (India) Pvt. Ltd website
Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not indicative of future returns. Data is sourced from AMFI and fund houses via FinAPI and may lag official figures.