Mirae Asset Ultra Short-Term Fund
- NAV as on 24 Sep 2026
- ₹1,413.34-0.03%1 day
- Return since launch
- 6.0%
- 52-week range
- ₹1,328.11 — ₹1,413.73
- AUM
- ₹2,066 Cr
Mirae Asset Ultra Short-Term Fund is a Ultra Short Duration debt fund from Mirae Asset Mutual Fund with ₹2,066 Cr under management, launched in 2020. Over three years it has returned 6.9% a year, against 6.7% for its category. The expense ratio is 0.46% and the SEBI riskometer reading is Low to Moderate.
Performance
Mirae Asset Ultra Short-Term Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +6.4% against +6.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.7% | +0.6 pts | 6.1% | 6.5% |
| 2Y | 6.7% | +0.4 pts | 6.3% | 6.5% |
| 3Y | 6.9% | +0.3 pts | 6.7% | 6.7% |
| 5Y | 6.9% | +0.9 pts | 6.0% | 6.6% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.5% | 0.0 pts | 0.5% | 0.5% |
| 3M | 1.6% | 0.0 pts | 1.6% | 1.6% |
| 6M | 3.6% | +0.2 pts | 3.5% | 3.5% |
| 1Y | 6.4% | +0.3 pts | 6.1% | 6.3% |
| 2Y | 7.0% | +0.4 pts | 6.5% | 6.7% |
| 3Y | 7.1% | +0.5 pts | 6.7% | 6.8% |
| 5Y | 6.5% | +0.5 pts | 6.0% | 6.1% |
Since launch (28 Sep 2020): 6.0%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.2% | −0.1 pts | 7.2% |
| 2024 | 7.6% | 0.0 pts | 7.6% |
| 2023 | 7.1% | −0.1 pts | 7.2% |
| 2022 | 4.7% | −0.1 pts | 4.8% |
| 2021 | 3.5% | −0.6 pts | 4.1% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.70%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.58%
- Brokerage
- 0.02%
- Transaction charges
- 0.00%
- Statutory levies
- 0.10%
- Exit load
- 0%
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Ultra Short Duration Debt Index A-I
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at low to moderate risk — typically short duration debt schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 2.68 | 2.59 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 3.83 | 3.78 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.46 | 0.42 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Mirae Asset Ultra Short-Term Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt89.3%
- Other10.7%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 11.00% | ₹227 Cr | +1.02% | +0.95% | +0.82% |
| HDFC Bank Ltd. | Financial | 6.65% | ₹137 Cr | +1.38% | +1.39% | +6.69% |
| Export-Import Bank Of India | Financial | 4.78% | ₹98.66 Cr | +5.55% | +2.64% | +2.75% |
| Small Industries Devp. Bank of India Ltd. | Financial | 4.43% | ₹91.53 Cr | +8.41% | +13.84% | +8.21% |
| Power Finance Corporation Ltd. | Financial | 3.64% | ₹75.13 Cr | +6.41% | — | +2.74% |
| Motilal Oswal Home Finance Ltd. | Financial | 3.63% | ₹75.05 Cr | — | — | — |
| Tata Capital Housing Finance Ltd. | Financial | 3.56% | ₹73.63 Cr | +5.53% | +5.19% | +2.30% |
| National Bank For Agriculture & Rural Development | Financial | 3.51% | ₹72.57 Cr | +0.87% | +3.11% | +0.29% |
| Manappuram Finance Ltd. | Financial | 2.80% | ₹57.77 Cr | +3.83% | — | — |
| company:4975 | Financial | 2.66% | ₹55.03 Cr | — | — | +1.94% |
| Indostar Capital Finance Ltd. | Financial | 2.65% | ₹54.84 Cr | +1.69% | +1.11% | +2.76% |
| Tata Projects Ltd. | Construction | 2.42% | ₹50.02 Cr | — | — | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 2.42% | ₹49.91 Cr | — | +2.77% | +1.08% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 2.41% | ₹49.84 Cr | +2.93% | — | +1.71% |
| Muthoot Finance Ltd. | Financial | 2.17% | ₹44.73 Cr | +2.85% | +2.66% | +1.39% |
| Aadhar Housing Finance Ltd | Financial | 1.70% | ₹35.14 Cr | — | — | — |
| Reserve Bank of India | Financial | 1.45% | ₹29.93 Cr | +1.17% | +4.14% | +1.12% |
| Tata Capital Ltd. | Financial | 1.45% | ₹29.87 Cr | — | — | — |
| Embassy Office Parks REIT | Construction | 1.21% | ₹25.00 Cr | +1.45% | +1.35% | +1.42% |
| 360 ONE Wealth Ltd. | Financial | 1.21% | ₹25.00 Cr | +1.46% | +2.75% | — |
| SPR Auto Technologies Ltd. | Automobile | 1.21% | ₹24.89 Cr | +1.44% | +1.38% | — |
| SK Finance Ltd. | Financial | 1.20% | ₹24.82 Cr | — | — | — |
| Canara Bank | Financial | 1.19% | ₹24.53 Cr | +5.71% | +2.71% | +0.67% |
| Indian Bank | Financial | 1.18% | ₹24.33 Cr | — | +1.30% | +0.71% |
| Punjab National Bank | Financial | 1.17% | ₹24.20 Cr | +7.13% | — | +1.39% |
| Sundaram Finance Ltd. | Financial | 1.17% | ₹24.19 Cr | +1.38% | — | +1.37% |
| Kotak Mahindra Bank Ltd. | Financial | 1.17% | ₹24.18 Cr | +2.86% | +4.08% | +2.75% |
| Aditya Birla Renewables Ltd. | Energy | 0.48% | ₹10.02 Cr | — | — | — |
| Kerala State | Others | 0.25% | ₹5.12 Cr | +0.30% | +0.29% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:4975 | 0.00% | 2.66% | +2.66% |
| Axis Bank Ltd. | 2.59% | 0.00% | -2.59% |
| Bank Of Baroda | 2.52% | 0.00% | -2.52% |
| Motilal Oswal Home Finance Ltd. | 1.31% | 3.63% | +2.33% |
| National Bank For Agriculture & Rural Development | 1.31% | 3.51% | +2.21% |
| HDFC Bank Ltd. | 5.09% | 6.65% | +1.56% |
| LIC Housing Finance Ltd. | 1.31% | 0.00% | -1.31% |
| Union Bank of India | 1.29% | 0.00% | -1.29% |
| Indian Bank | 2.20% | 1.18% | -1.02% |
| Kotak Mahindra Prime Ltd. | 0.57% | 0.00% | -0.57% |
| Mahindra & Mahindra Financial Services Ltd. | 2.61% | 2.41% | -0.20% |
| Tata Projects Ltd. | 2.62% | 2.42% | -0.19% |
| Power Finance Corporation Ltd. | 2.62% | 2.43% | -0.19% |
| Cholamandalam Investment and Finance Company Ltd. | 2.61% | 2.42% | -0.19% |
| Muthoot Finance Ltd. | 2.35% | 2.17% | -0.18% |
| Export-Import Bank Of India | 2.53% | 2.36% | -0.17% |
| Tata Capital Housing Finance Ltd. | 2.52% | 2.35% | -0.17% |
| Aadhar Housing Finance Ltd | 1.83% | 1.70% | -0.13% |
| Manappuram Finance Ltd. | 1.72% | 1.59% | -0.13% |
| Tata Capital Ltd. | 1.57% | 1.45% | -0.12% |
| Reserve Bank of India | 1.56% | 1.45% | -0.11% |
| SK Finance Ltd. | 1.30% | 1.20% | -0.10% |
| 360 ONE Wealth Ltd. | 1.31% | 1.21% | -0.10% |
| SPR Auto Technologies Ltd. | 1.30% | 1.21% | -0.10% |
| Embassy Office Parks REIT | 1.30% | 1.21% | -0.09% |
| Kotak Mahindra Bank Ltd. | 1.26% | 1.17% | -0.09% |
| Canara Bank | 1.27% | 1.19% | -0.08% |
| Sundaram Finance Ltd. | 1.26% | 1.17% | -0.08% |
| Punjab National Bank | 1.26% | 1.17% | -0.08% |
| Small Industries Devp. Bank of India Ltd. | 1.25% | 1.17% | -0.08% |
| Indostar Capital Finance Ltd. | 0.77% | 0.72% | -0.05% |
| Aditya Birla Renewables Ltd. | 0.52% | 0.48% | -0.04% |
| Others | 0.31% | 0.29% | -0.02% |
| Kerala State | 0.27% | 0.25% | -0.02% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹1,772 Cr | 0.31% | 7.0% | 6.8% | 6.8% |
 HSBC Ultra Short Term Fund | ₹3,628 Cr | 0.38% | 6.8% | 6.8% | 6.8% |
 HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | ₹2,264 Cr | 0.25% | 7.2% | — | — |
 Aditya Birla Sun Life CRISIL-IBX Financial Services 3 to 6 Months Debt Index Fund | ₹2,164 Cr | 0.37% | 7.1% | — | — |
 ICICI Prudential CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | ₹533 Cr | 0.22% | 7.1% | — | — |
 Kotak CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | ₹270 Cr | 0.35% | 6.8% | — | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate regular income and provide liquidity by investing primarily in a portfolio comprising of debt & money market instruments.
Fund managers
- Basant BafnaMr. Bafna has done B.Com, MBA, CS, CA, FRM and CFAPrior to joining Mirae Asset Mutual Fund, he has worked with India Exim Bank and Union Bank of India
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months3.63% absolute | ₹60,000 | ₹62,178 | 3.63% | |
| 1 year6.41% annualised | ₹1,20,000 | ₹1,24,249 | 3.54% | |
| 3 years7.14% annualised | ₹3,60,000 | ₹4,02,523 | 11.81% | |
| 5 years6.45% annualised | ₹6,00,000 | ₹7,09,623 | 18.27% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.