Mirae Asset Ultra Short Duration Fund Overview
Category Ultra Short Duration Fund
BMSMONEY Rank 3
BMSMONEY Rating
Gro. Opt. As On: 20-12-2024
NAV ₹1256.28(R) +0.01% ₹1268.27(D) +0.01%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 7.61% 6.43% -% -% -%
LumpSum (D) 7.9% 6.66% -% -% -%
SIP (R) -37.85% 1.74% -% -% -%
SIP (D) -37.67% 2.0% -% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
-0.95 -0.29 0.64 5.66% -0.47
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
0.47% 0.0% 0.0% 0.01 0.38%
Top Ultra Short Duration Fund
Fund Name Rank Rating
Aditya Birla Sun Life Savings Fund 1
Baroda BNP Paribas Ultra Short Duration Fund 2
Mirae Asset Ultra Short Duration Fund 3
Icici Prudential Ultra Short Term Fund 4
Bandhan Ultra Short Term Fund 5

NAV Date: 20-12-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Ultra Short Duration Fund Regular IDCW 1255.83
0.1600
0.0100%
Mirae Asset Ultra Short Duration Fund Regular Growth 1256.28
0.1600
0.0100%
Mirae Asset Ultra Short Duration Fund Direct IDCW 1268.2
0.1700
0.0100%
Mirae Asset Ultra Short Duration Fund Direct Growth 1268.27
0.1700
0.0100%

Review Date: 20-12-2024

Mirae Asset Ultra Short Duration Fund has exhibited very good performance in the Ultra Short Duration Fund category. The fund has rank of 3 out of 22 funds in the category. The fund has delivered return of 7.61% in 1 year and 6.43% in 3 years. The category average for the same periods is 7.1% and 6.0% respectively, which shows very good return performance of fund in the category. The fund has exhibited standard deviation of 0.47. The category average for the same parameter is 0.48 The fund has average risk in the category.
  • Sharpe ratio of the fund is -0.95 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 % 0.52
    0.49
    		0.43 | 0.61 2 | 23 Very Good
    3M Return % 1.79
    1.69
    		1.37 | 1.96 2 | 23 Very Good
    6M Return % 3.66
    3.41
    		2.91 | 3.81 2 | 23 Very Good
    1Y Return % 7.61
    7.10
    		6.03 | 7.83 2 | 23 Very Good
    3Y Return % 6.43
    6.00
    		5.10 | 6.55 3 | 22 Very Good
    1Y SIP Return % -37.85
    -38.17
    		-38.85 | -37.65 2 | 23 Very Good
    3Y SIP Return % 1.74
    1.28
    		0.30 | 1.88 2 | 22 Very Good
    Standard Deviation 0.47
    0.48
    		0.42 | 0.54 8 | 22 Good
    Semi Deviation 0.38
    0.39
    		0.34 | 0.42 7 | 22 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 -0.95
    -1.80
    		-3.93 | -0.71 3 | 22 Very Good
    Sterling Ratio 0.64
    0.59
    		0.50 | 0.64 3 | 22 Very Good
    Sortino Ratio -0.29
    -0.46
    		-0.76 | -0.23 3 | 22 Very Good
    Return data last Updated On : Dec. 20, 2024.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Nov. 29, 2024
    KPIs: Key Performance Indicators

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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.54 0.54 0.48 | 0.62 8 | 23
    3M Return % 1.85 1.82 1.57 | 2.02 6 | 23
    6M Return % 3.79 3.69 3.25 | 3.92 4 | 23
    1Y Return % 7.90 7.65 6.64 | 8.06 3 | 23
    3Y Return % 6.66 6.51 5.71 | 6.97 7 | 22
    1Y SIP Return % -37.67 -37.81 -38.43 | -37.51 3 | 23
    3Y SIP Return % 2.00 1.81 0.95 | 2.18 6 | 22
    Standard Deviation 0.47 0.48 0.42 | 0.54 8 | 22
    Semi Deviation 0.38 0.39 0.34 | 0.42 7 | 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 -0.95 -1.80 -3.93 | -0.71 3 | 22
    Sterling Ratio 0.64 0.59 0.50 | 0.64 3 | 22
    Sortino Ratio -0.29 -0.46 -0.76 | -0.23 3 | 22
    Return data last Updated On : Dec. 20, 2024.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Nov. 29, 2024
    KPIs: Key Performance Indicators

    Investment Period Regular Direct
    Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
    1D 0.01 ₹ 10,001.00 0.01 ₹ 10,001.00
    1W 0.12 ₹ 10,012.00 0.12 ₹ 10,012.00
    1M 0.52 ₹ 10,052.00 0.54 ₹ 10,054.00
    3M 1.79 ₹ 10,179.00 1.85 ₹ 10,185.00
    6M 3.66 ₹ 10,366.00 3.79 ₹ 10,379.00
    1Y 7.61 ₹ 10,761.00 7.90 ₹ 10,790.00
    3Y 6.43 ₹ 12,055.00 6.66 ₹ 12,134.00
    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 -37.85 ₹ 9,363.58 -37.67 ₹ 9,376.96
    3Y ₹ 36000 1.74 ₹ 36,975.28 2.00 ₹ 37,121.87
    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
    20-12-2024 1256.2824 1268.2695
    19-12-2024 1256.1239 1268.1013
    18-12-2024 1255.968 1267.9357
    17-12-2024 1255.7379 1267.6952
    16-12-2024 1255.5635 1267.5111
    13-12-2024 1254.774 1266.6895
    12-12-2024 1254.6868 1266.5934
    11-12-2024 1254.5858 1266.4832
    10-12-2024 1254.4334 1266.3212
    09-12-2024 1254.2051 1266.0826
    06-12-2024 1253.5904 1265.4375
    05-12-2024 1253.2524 1265.0882
    04-12-2024 1252.8941 1264.7184
    03-12-2024 1252.6368 1264.4505
    02-12-2024 1252.4113 1264.2146
    29-11-2024 1251.5812 1263.3523
    28-11-2024 1251.3042 1263.0644
    27-11-2024 1251.1388 1262.8894
    26-11-2024 1250.8717 1262.6116
    25-11-2024 1250.6687 1262.3986
    22-11-2024 1249.9788 1261.6778
    21-11-2024 1249.7522 1261.4408

    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.