GMP IPO Watch
Income/Debt Oriented Schemes - Ultra Short to Short Term Fund
Mirae Asset Ultra Short to Short Term Fund
Direct Plan · Monthly IDCW · Mirae Asset Mutual Fund
Risk: Low to Moderate Risk
★★★★★
Morningstar
52W Low ₹1158.66 21 May 2026
52W High ₹1172.05 23 Jun 2026
₹1162.7267
NAV as of 4 Nov 2026
+0.06% day change
Other Plans of This Fund
ISININF769K01BP6
Scheme Code118841
StructureOpen Ended Schemes
AUM (avg. July - September 2026)₹0.46 Cr
Expense Ratio (as of 3 Nov 2026)0.21%
Min. InvestmentRegular Plan - Rs.5,000/- & in multiples of Re.1/
Inception Date29 Feb 2008
BenchmarkNifty Low Duration Debt Index A-I
Portfolio Turnover430.66%
NFO Period29 Feb 2008 – 03 Mar 2008
Returns
1Y
+0.07%
3Y
+0.03%
5Y
+0.05%
7Y
+0.00%
10Y
+0.59%
Since Inception
+0.98%
Annualised (CAGR) returns for periods over a year.
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Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +0.25% | +0.18% | 23 of 25 |
| 1M | +0.17% | +0.21% | 22 of 25 |
| 3M | -0.01% | +0.76% | 22 of 25 |
| 6M | +0.21% | +2.06% | 23 of 25 |
| YTD | +0.10% | +3.34% | 22 of 25 |
| 1Y | +0.07% | +3.93% | 21 of 23 |
| 2Y | +0.02% | +4.60% | 16 of 20 |
| 3Y | +0.03% | +4.82% | 17 of 20 |
| 5Y | +0.05% | +4.05% | 15 of 17 |
| 7Y | +0.00% | +4.18% | 16 of 17 |
| 10Y | +0.59% | +4.16% | 15 of 15 |
| INCEPTION | +0.98% | — | — |
Ranked among: Income/Debt Oriented Schemes - Ultra Short to Short Term Fund.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +0.24% | +2.40% | -13.27% | 63% | 25% |
| 6M | +0.43% | +4.54% | -13.27% | 61% | 24% |
| 1Y | +0.54% | +9.04% | -13.27% | 56% | 22% |
| 2Y | +0.28% | +7.33% | -3.57% | 49% | 19% |
| 3Y | +0.56% | +5.57% | -0.57% | 68% | 27% |
| 5Y | +0.63% | +3.26% | -0.32% | 71% | 29% |
| 7Y | +0.55% | +2.21% | -0.23% | 72% | 29% |
| 10Y | +0.67% | +1.55% | +0.05% | 100% | 40% |
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%
- Debt98.38%
- Cash1.62%
- Other0.00%
Market Cap Split
- Large Cap0.00%
- Mid Cap0.00%
- Small Cap0.00%
- Others100.00%
Holdings76
Top 5 Stocks0.00%
Top 10 Stocks0.00%
Top 3 Sectors0.00%
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| 182TB26227 | Money Market | 4.69% | — |
| Small Industries Development Bank of India (MD 11/06/2027) | Money Market | 4.11% | +0.26% |
| 7.86% Tata Capital Housing Finance Ltd. (MD 21/09/2029) | Debt | 3.46% | — |
| 7.54% Knowledge Realty Trust (MD 08/05/2029)** | Debt | 3.37% | +0.18% |
| 7.59% REC Ltd. (MD 31/05/2027) | Debt | 3.27% | +0.19% |
| 7.64% REC Ltd. (MD 30/04/2027)** | Debt | 3.05% | +0.17% |
| 7.60% Poonawalla Fincorp Ltd. (MD 28/05/2027)** | Debt | 3.05% | +0.18% |
| PFCL-7.85%-3-4-28-PVT | Debt | 2.19% | +0.12% |
| PFC-7.75%-22-03-27-PVT | Debt | 2.19% | +0.13% |
| 364TB31126 | Money Market | 2.16% | +0.13% |
| Tata Capital Housing Finance Ltd. (MD 03/02/2027)** | Money Market | 2.13% | +0.13% |
| Canara Bank (MD 28/06/2027)** | Money Market | 2.07% | +0.13% |
| Small Industries Development Bank of India (MD 20/08/2027)** | Money Market | 2.05% | +0.13% |
| 7.80% National Bank for Agriculture and Rural Development (MD 15/03/2027) | Debt | 1.97% | — |
| 8.60% Manappuram Finance Ltd. (MD 24/03/2028)** | Debt | 1.95% | +0.11% |
View all 78 holdings
| National Bank for Agriculture and Rural Development (MD 14/01/2027)** | Money Market | 1.93% | +0.13% |
| 7.48% National Bank for Agriculture and Rural Development (MD 15/09/2028) | Debt | 1.91% | -1.78% |
| 7.79% Small Industries Development Bank of India (MD 19/04/2027) | Debt | 1.75% | +0.10% |
| 7.95% LIC Housing Finance Ltd. (MD 29/01/2028)** | Debt | 1.75% | +0.10% |
| 182T191126 | Money Market | 1.52% | +0.10% |
| 7.30% Bharti Telecom Ltd. (MD 01/12/2027)** | Debt | 1.38% | +0.08% |
| 8.80% Motilal Oswal Finvest Ltd. (MD 10/09/2027)** | Debt | 1.10% | +0.07% |
| 7.19% State Government of Gujarat (MD 23/10/2027) | Debt | 1.10% | +0.06% |
| PFC-7.60%-20-2-27-PVT | Debt | 1.09% | +0.06% |
| 7.79% Small Industries Development Bank of India (MD 14/05/2027) | Debt | 1.09% | +0.06% |
| 8.04% Bajaj Housing Finance Ltd. (MD 18/01/2027)** | Debt | 1.09% | +0.06% |
| 8.60% Aditya Birla Renewables Ltd. (MD 24/09/2027)** | Debt | 1.09% | +0.06% |
| 7.05% Embassy Office Parks Reit (MD 18/10/2026)** | Debt | 1.09% | +0.06% |
| 7.23% Power Finance Corporation Ltd. (MD 05/01/2027)** | Debt | 1.09% | +0.06% |
| 9.25% SK Finance Ltd. (MD 24/10/2027)** | Debt | 1.09% | +0.06% |
| 7.35% Export-Import Bank of India (MD 27/07/2028)** | Debt | 1.09% | +0.06% |
| 7.30% SPR Auto Technologies Ltd. (MD 23/08/2027)** | Debt | 1.09% | +0.07% |
| 7.58% REC Ltd. (MD 31/05/2029)** | Debt | 1.09% | — |
| 7.35% Bharti Telecom Ltd. (MD 15/10/2027)** | Debt | 1.08% | +0.06% |
| 7.35% SPR Auto Technologies Ltd. (MD 23/02/2028)** | Debt | 1.08% | +0.06% |
| 9.25% SK Finance Ltd. (MD 16/07/2029)** | Debt | 1.08% | +0.06% |
| 364T171226 | Money Market | 1.08% | +0.07% |
| 9.10% SK Finance Ltd. (MD 10/08/2029)** | Debt | 1.07% | — |
| 7.70% Bajaj Finance Ltd. (MD 20/09/2029) | Debt | 1.07% | +0.05% |
| Export-Import Bank of India (MD 29/01/2027)** | Money Market | 1.07% | +0.07% |
| Jio Credit Ltd. (MD 12/03/2027)** | Money Market | 1.06% | — |
| Kotak Mahindra Bank Ltd. (MD 05/03/2027)** | Money Market | 1.06% | +0.07% |
| Axis Bank Ltd. (MD 05/03/2027)** | Money Market | 1.06% | +0.07% |
| National Bank for Agriculture and Rural Development (MD 02/03/2027)** | Money Market | 1.06% | +0.07% |
| HDFC Bank Ltd. (MD 12/03/2027)** | Money Market | 1.06% | +0.07% |
| 7.73% Larsen & Toubro Ltd. (MD 28/04/2028)** | Debt | 1.05% | +0.06% |
| 7.45% Torrent Pharmaceuticals Ltd. (MD 19/01/2028)** | Debt | 1.04% | +0.06% |
| 7.30% Tata Capital Housing Finance Ltd. (MD 11/02/2028)** | Debt | 1.04% | +0.06% |
| Indian Bank (MD 15/06/2027)** | Money Market | 1.04% | +0.07% |
| ICICI Bank Ltd. (MD 12/02/2027)** | Money Market | 1.02% | +0.06% |
| Canara Bank (MD 12/03/2027)** | Money Market | 1.02% | -0.92% |
| Kotak Mahindra Bank Ltd. (MD 12/02/2027)** | Money Market | 0.94% | +0.06% |
| Net Receivables / (Payables) | Net Current Assets | 0.90% | — |
| 9.40% Indostar Capital Finance Ltd. (MD 18/06/2027)** | Debt | 0.87% | +0.05% |
| CIFCL MARKET LKD 2029 | Debt | 0.87% | +0.05% |
| 7.34% TATA Capital Ltd. (MD 21/02/2029)** | Debt | 0.87% | +0.05% |
| 6.07% National Bank for Agriculture and Rural Development (MD 19/11/2027)** | Debt | 0.86% | +0.05% |
| 7.01% National Bank for Agriculture and Rural Development (MD 16/03/2029)** | Debt | 0.86% | — |
| REC Ltd. (MD 19/03/2027) | Money Market | 0.85% | — |
| 7.56% REC Ltd. (MD 31/08/2027)** | Debt | 0.83% | -0.20% |
| TREPS | Reverse Repo / TREPS | 0.72% | — |
| 8.19% State Government of Kerala (MD 19/12/2028) | Debt | 0.67% | +0.04% |
| 8.42% Godrej Industries Ltd. (MD 27/12/2027)** | Debt | 0.66% | +0.04% |
| 7.12% Export-Import Bank of India (MD 27/06/2030)** | Debt | 0.64% | +0.03% |
| Punjab National Bank (MD 09/03/2027)** | Money Market | 0.64% | — |
| Punjab National Bank (MD 12/03/2027) | Money Market | 0.64% | — |
| 7.53% Bajaj Housing Finance Ltd. (MD 28/09/2029) | Debt | 0.60% | +0.03% |
| 9.25% Indostar Capital Finance Ltd. (MD 24/01/2028)** | Debt | 0.44% | +0.03% |
| 7.56% India Infrastructure Finance Company Ltd. (MD 20/03/2028)** | Debt | 0.44% | +0.03% |
| Indostar Capital Finance Ltd. (MD 15/10/2026)** | Money Market | 0.44% | +0.03% |
| SST-7.73%-28-9-29-PTC | Debt | 0.42% | +0.02% |
| ICICI Bank Ltd. (MD 25/03/2027)** | Money Market | 0.42% | -0.97% |
| Corporate Debt Market Development Fund - Class A2 | Debt | 0.31% | +0.02% |
| EXIM 7.45% 2028 SR Z01 | Debt | 0.28% | +0.01% |
| 8.42% Muthoot Finance Ltd. (MD 26/07/2029)** | Debt | 0.22% | +0.02% |
| 8.20% Cholamandalam Investment & Finance Co. Ltd. (MD 17/02/2028)** | Debt | 0.22% | +0.01% |
| GOI LOAN 7.37% 2028 | Debt | 0.22% | +0.01% |
| 7.75% State Government of Karnataka (MD 01/03/2027) | Debt | 0.11% | +0.01% |
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 2.00 | 0.67 | High Volatility |
| 3Y | 2.19 | 0.57 | High Volatility |
| 5Y | 1.99 | 0.54 | High 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 | -16.44 | -10.97 | Below Average |
| 3Y | -17.18 | -8.73 | Below Average |
| 5Y | -19.16 | -12.31 | Below 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 | 0.05 | 13.71 | Below Average |
| 3Y | 0.03 | 26.37 | Below Average |
| 5Y | 0.04 | 18.37 | Below 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 | 1.43 | 1.33 | Poor Risk Adjusted Returns |
| 3Y | 1.34 | 1.35 | Good Risk Adjusted Returns |
| 5Y | 1.21 | 1.21 | None |
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 to Short Term Fund
Direct Plan · Growth
|
+6.10% | — | — | +7.17% |
|
Mahindra Manulife Ultra Short to Short Term Fund
Direct Plan · Growth
|
+5.98% | +7.32% | +6.69% | +6.84% |
|
Edelweiss Ultra Short to Short Term Fund
Direct Plan · Growth
|
+5.92% | — | — | +6.68% |
|
Nippon India Ultra Short to Short Term Fund
Regular Plan · Retail Plan - Bonus Option
|
+5.84% | +6.77% | +6.10% | +5.20% |
|
UTI Ultra Short to Short Term Fund
Regular Plan · Discontinued Annual IDCW
|
+5.67% | +6.88% | +6.13% | +6.01% |
|
Canara Robeco Ultra Short to Short Term Fund
Regular Plan · GROWTH OPTION
|
+5.63% | +6.82% | +6.18% | +7.30% |
|
Axis Ultra Short to Short Term Fund
Regular Plan · Growth Option
|
+5.63% | +6.99% | +6.36% | +7.33% |
|
HSBC Ultra Short to Short Term Fund
Regular Plan · Growth
|
+5.53% | +7.24% | — | +7.20% |
|
BANDHAN ULTRA SHORT TO SHORT TERM FUND
Regular Plan · Growth
|
+5.45% | +6.73% | +6.12% | +7.21% |
|
BARODA BNP PARIBAS ULTRA SHORT TO SHORT TERM FUND
Defunct Plan · Growth Option
|
+5.24% | +6.45% | — | +6.09% |
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 seek to generate returns with a portfolio comprising of debt and money market instruments, such that Macaulay duration of the portfolio is between 6 months - 12 months. The Scheme does not guarantee any returns
Stated Asset Allocation
Debt and Money market instruments such that the Macaulay duration of the portfolio is between 6 months to 12 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.