Mirae Asset Ultra Short Duration Fund Overview
Category Ultra Short Duration Fund
BMSMONEY Rank 2
BMSMONEY Rating
Gro. Opt. As On: 19-11-2024
NAV ₹1249.37(R) +0.02% ₹1261.04(D) +0.02%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 7.6% 6.34% -% -% -%
LumpSum (D) 7.89% 6.57% -% -% -%
SIP (R) -23.62% 3.51% -% -% -%
SIP (D) -23.41% 3.76% -% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
-1.03 -0.31 0.63 5.59% -0.47
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
0.48% 0.0% 0.0% 0.01 0.38%
Top Ultra Short Duration Fund
Fund Name Rank Rating
Aditya Birla Sun Life Savings Fund 1
Mirae Asset Ultra Short Duration Fund 2
Baroda BNP Paribas Ultra Short Duration Fund 3
Hsbc Ultra Short Duration Fund 4
Bandhan Ultra Short Term Fund 5

NAV Date: 19-11-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Ultra Short Duration Fund Regular IDCW 1248.92
0.2200
0.0200%
Mirae Asset Ultra Short Duration Fund Regular Growth 1249.37
0.2200
0.0200%
Mirae Asset Ultra Short Duration Fund Direct IDCW 1261.0
0.2300
0.0200%
Mirae Asset Ultra Short Duration Fund Direct Growth 1261.04
0.2300
0.0200%

Review Date: 19-11-2024

Mirae Asset Ultra Short Duration Fund has shown very good performance in the Ultra Short Duration Fund category. The fund has rank of 2 out of 22 funds in the category. The fund has delivered return of 7.6% in 1 year and 6.34% in 3 years. The category average for the same periods is 7.08% and 5.91% respectively, which shows very good return performance of fund in the category. The fund has exhibited standard deviation of 0.48. The category average for the same parameter is 0.49 The fund has average risk in the category.
  • Sharpe ratio of the fund is -1.03 which shows very good performance of fund in the ultra short duration fund category.


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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.58
    0.53
    		0.44 | 0.61 2 | 23 Very Good
    3M Return % 1.86
    1.75
    		1.42 | 1.96 2 | 23 Very Good
    6M Return % 3.71
    3.44
    		2.94 | 3.74 2 | 23 Very Good
    1Y Return % 7.60
    7.08
    		6.03 | 7.71 2 | 23 Very Good
    3Y Return % 6.34
    5.91
    		5.01 | 6.43 3 | 22 Very Good
    1Y SIP Return % -23.62
    -24.00
    		-24.81 | -23.50 2 | 23 Very Good
    3Y SIP Return % 3.51
    3.05
    		2.08 | 3.60 2 | 22 Very Good
    Standard Deviation 0.48
    0.49
    		0.43 | 0.56 7 | 22 Good
    Semi Deviation 0.38
    0.39
    		0.34 | 0.43 6 | 22 Very Good
    Max Drawdown % 0.00
    0.00
    		-0.01 | 0.00 20 | 22 Poor
    Average Drawdown % 0.00
    0.00
    		-0.01 | 0.00 20 | 22 Poor
    Sharpe Ratio -1.03
    -1.86
    		-3.92 | -0.80 3 | 22 Very Good
    Sterling Ratio 0.63
    0.58
    		0.50 | 0.64 3 | 22 Very Good
    Sortino Ratio -0.31
    -0.48
    		-0.76 | -0.25 3 | 22 Very Good
    Return data last Updated On : Nov. 19, 2024.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Oct. 31, 2024
    KPIs: Key Performance Indicators

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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.60 0.58 0.54 | 0.62 5 | 23
    3M Return % 1.92 1.88 1.62 | 2.02 6 | 23
    6M Return % 3.85 3.71 3.27 | 3.87 3 | 23
    1Y Return % 7.89 7.63 6.63 | 7.96 3 | 23
    3Y Return % 6.57 6.41 5.61 | 6.89 7 | 22
    1Y SIP Return % -23.41 -23.60 -24.32 | -23.33 3 | 23
    3Y SIP Return % 3.76 3.57 2.73 | 3.95 5 | 22
    Standard Deviation 0.48 0.49 0.43 | 0.56 7 | 22
    Semi Deviation 0.38 0.39 0.34 | 0.43 6 | 22
    Max Drawdown % 0.00 0.00 -0.01 | 0.00 20 | 22
    Average Drawdown % 0.00 0.00 -0.01 | 0.00 20 | 22
    Sharpe Ratio -1.03 -1.86 -3.92 | -0.80 3 | 22
    Sterling Ratio 0.63 0.58 0.50 | 0.64 3 | 22
    Sortino Ratio -0.31 -0.48 -0.76 | -0.25 3 | 22
    Return data last Updated On : Nov. 19, 2024.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Oct. 31, 2024
    KPIs: Key Performance Indicators

    Investment Period Regular Direct
    Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
    1D 0.02 ₹ 10,002.00 0.02 ₹ 10,002.00
    1W 0.13 ₹ 10,013.00 0.14 ₹ 10,014.00
    1M 0.58 ₹ 10,058.00 0.60 ₹ 10,060.00
    3M 1.86 ₹ 10,186.00 1.92 ₹ 10,192.00
    6M 3.71 ₹ 10,371.00 3.85 ₹ 10,385.00
    1Y 7.60 ₹ 10,760.00 7.89 ₹ 10,789.00
    3Y 6.34 ₹ 12,024.00 6.57 ₹ 12,103.00
    5Y ₹ ₹
    7Y ₹ ₹
    10Y ₹ ₹
    15Y ₹ ₹

    Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.

    Investment Period Invested Amount Regular Direct
    XIRR % Current Value of Invested Amount XIRR % Current Value of Invested Amount
    1Y ₹ 12000 -23.62 ₹ 10,396.66 -23.41 ₹ 10,411.54
    3Y ₹ 36000 3.51 ₹ 37,985.94 3.76 ₹ 38,133.00
    5Y ₹ 60000 ₹ ₹
    7Y ₹ 84000 ₹ ₹
    10Y ₹ 120000 ₹ ₹
    15Y ₹ 180000 ₹ ₹


    Date Mirae Asset Ultra Short Duration Fund NAV Regular Growth Mirae Asset Ultra Short Duration Fund NAV Direct Growth
    19-11-2024 1249.3727 1261.0414
    18-11-2024 1249.1524 1260.8109
    14-11-2024 1248.2242 1259.8403
    13-11-2024 1247.939 1259.544
    12-11-2024 1247.7034 1259.2978
    11-11-2024 1247.4977 1259.0817
    08-11-2024 1246.6842 1258.2353
    07-11-2024 1246.4596 1258.0003
    06-11-2024 1246.1345 1257.6637
    05-11-2024 1245.9185 1257.4373
    04-11-2024 1245.6654 1257.1734
    31-10-2024 1244.725 1256.1908
    30-10-2024 1244.3907 1255.845
    29-10-2024 1244.119 1255.5622
    28-10-2024 1243.8429 1255.2752
    25-10-2024 1243.1971 1254.5983
    24-10-2024 1242.8973 1254.2873
    23-10-2024 1242.6128 1253.9919
    22-10-2024 1242.396 1253.7648
    21-10-2024 1242.1701 1253.5285

    Fund Launch Date: 07/Oct/2020
    Fund Category: Ultra Short Duration Fund
    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
    Fund Description: An Open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration* of the portfolio is between 3 months to 6 months
    Fund Benchmark: NIFTY Ultra Short Duration Debt Index
    Source: Fund FactSheet

    Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.