Mirae Asset Ultra Short Duration Fund Overview
Category Ultra Short Duration Fund
BMSMONEY Rank 2
BMSMONEY Rating
Gro. Opt. As On: 20-01-2025
NAV ₹1263.94(R) +0.06% ₹1276.25(D) +0.06%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 7.61% 6.53% -% -% -%
LumpSum (D) 7.9% 6.77% -% -% -%
SIP (R) -23.34% 3.65% -% -% -%
SIP (D) -23.12% 3.91% -% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
-0.91 -0.28 0.65 5.77% -0.45
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
0.46% 0.0% 0.0% 0.01 0.37%
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
Bandhan Ultra Short Term Fund 4
Icici Prudential Ultra Short Term Fund 5

NAV Date: 20-01-2025

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Ultra Short Duration Fund Regular IDCW 1263.49
0.7300
0.0600%
Mirae Asset Ultra Short Duration Fund Regular Growth 1263.94
0.7300
0.0600%
Mirae Asset Ultra Short Duration Fund Direct IDCW 1276.17
0.7500
0.0600%
Mirae Asset Ultra Short Duration Fund Direct Growth 1276.25
0.7500
0.0600%

Review Date: 20-01-2025

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 7.61% in 1 year and 6.53% in 3 years. The category average for the same periods is 7.09% and 6.06% respectively, which shows very good return performance of fund in the category. The fund has exhibited standard deviation of 0.46. The category average for the same parameter is 0.47 The fund has average risk in the category.
  • Sharpe ratio of the fund is -0.91 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 % 0.61
    0.55
    		0.46 | 0.61 1 | 23 Very Good
    3M Return % 1.75
    1.62
    		1.36 | 1.83 2 | 23 Very Good
    6M Return % 3.60
    3.35
    		2.84 | 3.74 2 | 23 Very Good
    1Y Return % 7.61
    7.09
    		5.99 | 7.80 2 | 23 Very Good
    3Y Return % 6.53
    6.06
    		5.19 | 6.62 3 | 23 Very Good
    1Y SIP Return % -23.34
    -23.75
    		-24.61 | -23.17 2 | 23 Very Good
    3Y SIP Return % 3.65
    3.15
    		2.18 | 3.77 2 | 23 Very Good
    Standard Deviation 0.46
    0.47
    		0.41 | 0.54 9 | 22 Good
    Semi Deviation 0.37
    0.38
    		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 -0.91
    -1.80
    		-4.04 | -0.64 3 | 22 Very Good
    Sterling Ratio 0.65
    0.60
    		0.51 | 0.66 3 | 22 Very Good
    Sortino Ratio -0.28
    -0.46
    		-0.77 | -0.20 3 | 22 Very Good
    Return data last Updated On : Jan. 20, 2025.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Dec. 31, 2024
    KPIs: Key Performance Indicators

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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.63 0.60 0.50 | 0.63 1 | 23
    3M Return % 1.81 1.75 1.55 | 1.89 4 | 23
    6M Return % 3.73 3.62 3.17 | 3.85 3 | 23
    1Y Return % 7.90 7.64 6.61 | 8.03 3 | 23
    3Y Return % 6.77 6.60 5.80 | 7.01 6 | 23
    1Y SIP Return % -23.12 -23.31 -24.10 | -22.99 3 | 23
    3Y SIP Return % 3.91 3.71 2.83 | 4.07 4 | 23
    Standard Deviation 0.46 0.47 0.41 | 0.54 9 | 22
    Semi Deviation 0.37 0.38 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 -0.91 -1.80 -4.04 | -0.64 3 | 22
    Sterling Ratio 0.65 0.60 0.51 | 0.66 3 | 22
    Sortino Ratio -0.28 -0.46 -0.77 | -0.20 3 | 22
    Return data last Updated On : Jan. 20, 2025.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Dec. 31, 2024
    KPIs: Key Performance Indicators

    Investment Period Regular Direct
    Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
    1D 0.06 ₹ 10,006.00 0.06 ₹ 10,006.00
    1W 0.16 ₹ 10,016.00 0.16 ₹ 10,016.00
    1M 0.61 ₹ 10,061.00 0.63 ₹ 10,063.00
    3M 1.75 ₹ 10,175.00 1.81 ₹ 10,181.00
    6M 3.60 ₹ 10,360.00 3.73 ₹ 10,373.00
    1Y 7.61 ₹ 10,761.00 7.90 ₹ 10,790.00
    3Y 6.53 ₹ 12,091.00 6.77 ₹ 12,171.00
    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 -23.34 ₹ 10,419.42 -23.12 ₹ 10,434.64
    3Y ₹ 36000 3.65 ₹ 38,069.39 3.91 ₹ 38,218.90
    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
    20-01-2025 1263.9405 1276.2521
    17-01-2025 1263.215 1275.4981
    16-01-2025 1262.8656 1275.1381
    15-01-2025 1262.4844 1274.745
    14-01-2025 1262.1159 1274.3646
    13-01-2025 1261.9573 1274.1961
    10-01-2025 1261.349 1273.5573
    09-01-2025 1261.0617 1273.2591
    08-01-2025 1261.0499 1273.2389
    07-01-2025 1261.0058 1273.1861
    06-01-2025 1260.8143 1272.9846
    03-01-2025 1260.1212 1272.2601
    02-01-2025 1259.9326 1272.0614
    01-01-2025 1259.6231 1271.7408
    31-12-2024 1259.2352 1271.341
    30-12-2024 1258.5002 1270.5907
    27-12-2024 1257.7437 1269.8022
    26-12-2024 1257.4092 1269.4563
    24-12-2024 1256.9314 1268.9575
    23-12-2024 1256.8155 1268.8323
    20-12-2024 1256.2824 1268.2695

    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.