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3 Year return
5.9%Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Moderate Risk
Asset Under Management
₹1463.94 Cr.
Expense Ratio
0.2% (inclusive of GST)
Exit Load
Nil
Tax Implications
Withdrawal within 3 years
Tax based on your income tax bracket
Withdrawal after 3 years
20% tax after indexation (adjusting for inflation)
Fund Holdings
Top Holdings | % of Asset |
---|---|
NTPC Ltd | 4.98% |
HDFC Bank Ltd | 4.06% |
LIC Housing Finance Ltd | 3.41% |
Bank of Baroda | 3.39% |
Others | 84.16% |
Other Holdings | % of Asset |
---|---|
REC Ltd | 2.85% |
Axis Bank Ltd | 2.46% |
ICICI Bank Ltd | 2.31% |
Indian Bank | 1.99% |
ICICI Bank Ltd | 1.96% |
Embassy Office Parks REIT | 1.83% |
LIC Housing Finance Ltd | 1.71% |
Bank of Baroda | 1.70% |
Motilal Oswal Financial Services Ltd | 1.69% |
ICICI Securities Ltd | 1.69% |
Godrej Industries Ltd | 1.68% |
Motilal Oswal Financial Services Ltd | 1.68% |
Axis Bank Ltd | 1.67% |
Axis Bank Ltd | 1.66% |
ICICI Bank Ltd | 1.66% |
HDFC Bank Ltd | 1.61% |
Muthoot Finance Ltd | 1.36% |
Cholamandalam Investment & Finance Company Ltd | 1.29% |
Motilal Oswal Financial Services Ltd | 1.27% |
LIC Housing Finance Ltd | 1.01% |
HDFC Bank Ltd | 0.97% |
Axis Bank Ltd | 0.97% |
Kotak Mahindra Bank Ltd | 0.97% |
HDFC Bank Ltd | 0.96% |
Angel One Ltd | 0.89% |
Cholamandalam Investment & Finance Company Ltd | 0.68% |
Motilal Oswal Financial Services Ltd | 0.67% |
Kotak Mahindra Bank Ltd | 0.67% |
Indostar Capital Finance Ltd | 0.67% |
AU Small Finance Bank Ltd | 0.67% |
LIC Housing Finance Ltd | 0.34% |
Mirae Asset Mutual Fund Managers
MJ
Mahendra Jajoo
Fund Manager since Apr 2022
Fund House Details
Mirae Asset Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
Funds
|
3 Y Returns
|
ARQ Rating
|
---|---|---|
PGIM India Ultra Short Duration Fund Direct Plan Monthly Dividend Payout |
5.7% |
2.5 |
ICICI Prudential Ultra Short Term Fund Direct Plan Monthly IDCW Payout |
6.05% |
5 |
ICICI Prudential Ultra Short Term Fund Direct Plan Quarterly IDCW Payout |
6.13% |
5 |
Schemes by Mirae Asset Mutual Fund
List of mutual fund schemes by AMC
Hybrid . Aggressive Hybrid Fund
Mirae Asset Aggressive Hybrid Fund Direct Plan Growth
Hybrid . Aggressive Hybrid Fund
Mirae Asset Aggressive Hybrid Fund Direct Plan IDCW Payout
Hybrid . Aggressive Hybrid Fund
Mirae Asset Aggressive Hybrid Fund Direct Plan IDCW Reinvestment
Hybrid . Arbitrage Fund
Mirae Asset Arbitrage Fund Direct Growth
Hybrid . Arbitrage Fund
Mirae Asset Arbitrage Fund Direct IDCW Payout
About Mirae Asset Ultra Short Duration Fund Direct Growth
Mirae Asset Ultra Short Duration Fund Direct Growth is a debt fund scheme managed by Mirae Asset Mutual Fund. It is a low-risk fund that invests in ultra-short duration debt securities. Ultra-short duration debt securities are debt instruments that have a maturity of less than 1 year. It is an open-ended fund, meaning that investors can buy and sell units of the fund in the secondary market at any time. The expense ratio of the fund is lower than the category average.
Investment Objectives of the Scheme
The investment objective of Mirae Asset Ultra Short Duration Fund Direct Growth is to generate regular income for investors by investing in ultra-short duration debt securities.
Key Features of The Fund
5-year return | NA |
Expense Ratio | 0.2% |
Fund Manager | Mahendra Jajoo |
Fund Size | ₹1463.94 Cr |
Risk Profile | Moderate |
Is This Scheme Right for Me?
This fund is suitable for investors who are looking for regular income and have a low-risk appetite. The fund's investment in ultra-short duration debt securities makes it a relatively safe asset class, but it also has the potential for lower returns. Therefore, consult your financial advisor before making an investment decision.
AMC Contact Details
Name | Mirae Asset Mutual Fund |
Launch Date | November 2007 |
Addresss | Unit No. 606, 6th Floor, Windsor Bldg, Off CST Road, Kalina, Santacruz (East), Mumbai - 400 098. |
Contact | 1800-2090-777 |
customercare@miraeasset.com | |
Website | https://www.miraeassetmf.co.in/ |
Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.
Make Use of SIPs for Harnessing the Power of Compounding
FAQs
What is today's NAV of Mirae Asset Ultra Short Duration Fund?
What is the AUM of Mirae Asset Ultra Short Duration Fund?
What is the expense ratio of Mirae Asset Ultra Short Duration Fund?
What are the returns of Mirae Asset Ultra Short Duration Fund since inception?
What is the minimum SIP amount to invest in Mirae Asset Ultra Short Duration Fund?
How do I invest in Mirae Asset Ultra Short Duration Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in Mirae Asset Ultra Short Duration Fund?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in Mirae Asset Ultra Short Duration Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in Mirae Asset Ultra Short Duration Fund?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.
FAQs
What is today's NAV of Mirae Asset Ultra Short Duration Fund?
What is the AUM of Mirae Asset Ultra Short Duration Fund?
What is the expense ratio of Mirae Asset Ultra Short Duration Fund?
What are the returns of Mirae Asset Ultra Short Duration Fund since inception?
What is the minimum SIP amount to invest in Mirae Asset Ultra Short Duration Fund?
How do I invest in Mirae Asset Ultra Short Duration Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in Mirae Asset Ultra Short Duration Fund?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in Mirae Asset Ultra Short Duration Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in Mirae Asset Ultra Short Duration Fund?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.