Sharpe ratio
-0.61Return earned for the risk taken.
Negative
Negative means the fund has not rewarded investors well for the risk taken recently.
+6.61%1Y Absolute Return
-0.01%1D
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Past performance is not an indicator of future returns.
Returns calculator comparison
Compare an illustrative investment outcome across return assumptions.
| Asset | Projected corpus | Total invested | Gain | Annual return |
|---|---|---|---|---|
| Mirae Asset Ultra Short Duration Fund Direct GrowthFund 5Y annualised return | ₹8,62,727 | ₹7,32,612 | ₹1,30,115 | +6.77% |
| EPFIllustrative annual assumption | ₹8,95,132 | ₹7,32,612 | ₹1,62,520 | +8.25% |
| Residential propertyIllustrative annual assumption | ₹8,67,662 | ₹7,32,612 | ₹1,35,050 | +7.00% |
| PPFIllustrative annual assumption | ₹8,69,819 | ₹7,32,612 | ₹1,37,207 | +7.10% |
| Bank fixed depositIllustrative annual assumption | ₹8,56,981 | ₹7,32,612 | ₹1,24,369 | +6.50% |
| GoldIllustrative annual assumption | ₹8,67,662 | ₹7,32,612 | ₹1,35,050 | +7.00% |
| Savings accountIllustrative annual assumption | ₹7,86,827 | ₹7,32,612 | ₹54,215 | +3.00% |
Illustration only. Fund results use the available NAV-derived annualised return and can be negative. Reference rows are assumptions, not current quoted rates or guaranteed returns; property excludes transaction costs, taxes, and liquidity constraints. Mutual fund investments are subject to market risk.
Wealth multiple
₹1 became₹1.06
₹1 Lakh since launch₹1.06 Lakh
Fund age6.1 yrs
Fund information
Scheme code148529
ISININF769K01GK6
BenchmarkNIFTY Ultra Short Duration Debt Index A-I
CategoryDebt Scheme - Ultra Short Duration Fund
Expense ratio0.21%
Exit loadNil
Minimum SIP₹99 SIP
Return comparison
12th / 209 in category| Period | Fund | Benchmark | Category avg |
|---|---|---|---|
| 1M | +5.98% | — | — |
| 3M | +5.99% | — | — |
| 6M | +7.22% | — | — |
| 1Y | +6.61% | — | +2.44% |
| 3Y | +7.38% | — | +2.87% |
| 5Y | +6.77% | — | +2.76% |
| Since Launch | +6.22% | — | — |
Risk-adjusted performance
Every measure is expanded with a plain-language reading of the latest calculated value.
Sortino ratio
-2.37Return earned while limiting downside risk.
Negative
Negative means downside losses have outweighed the returns.
Standard deviation
0.52%How much the fund’s returns fluctuate over time.
Low volatility
Returns have been relatively stable.
Beta
—How closely the fund moves with the market.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Alpha
—Extra return generated above the benchmark.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Treynor ratio
—Return earned for each unit of market risk taken.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Calmar ratio
39.93How well the fund rewarded investors relative to its biggest decline.
Excellent
Excellent balance between returns and drawdowns.
Information ratio
—How consistently the fund outperformed its benchmark.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Portfolio allocation
Latest disclosed portfolio mix
Asset allocation
Portfolio100%
Debt94.03%
Cash5.97%
Market cap allocation
Market-cap classifications were not present in the latest portfolio disclosure.
Sector allocation
Equity exposure by sector
Top holdings
10 of 39 disclosed positions
| Holding | Sector | Instrument type | Weight |
|---|---|---|---|
| PUNJAB NATIONAL BANK CD 15SEP26 | Financial | Certificate of Deposit | 8.4115% |
| Repo | Unspecified | Repo | 7.8058% |
| HDFC BANK LIMITED CD 14DEC26 | Financial | Certificate of Deposit | 6.6134% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CD 10NOV26 | Financial | Certificate of Deposit | 4.9894% |
| MAHINDRA AND MAHINDRA FINANCIAL SERVICES LIMITED SR AC2026 RR NCD 18MY29 FVRS1LAC | Financial | Debenture | 3.4246% |
| TATA PROJECTS LIMITED SR P 8.33 NCD 24JU27 FVRS1LAC | Industrials | Debenture | 3.4243% |
| Power Finance Corporation Ltd Bonds/Deb 7.60 20/02/2027 | Financial | Bonds/Debentures | 3.4188% |
| CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED SR 665 RR NCD 27FB29 FVRS1LAC | Financial | Debenture | 3.4102% |
| HDFC BANK LIMITED CD 13NOV26 | Financial | Certificate of Deposit | 3.3252% |
| BANK OF BARODA CD 25NOV26 | Financial | Certificate of Deposit | 3.3186% |
Fund management
BA
Basant Bafna
Since 2023 · Prior to joining Mirae Asset Mutual Fund, he has worked with India Exim Bank and Union Bank of India
Mr. Bafna has done B.Com, MBA, CS, CA, FRM and CFA
Compare similar funds
No comparable category funds are available yet.
Summary
A low to moderate-risk debt scheme - ultra short duration fund. Losses and swings stayed contained — worst fall -0.2%, volatility 0.5%. Financial makes up 86% — trouble in that sector hits the whole fund.
Strengths
- Losses and swings stayed contained — worst fall -0.2%, volatility 0.5%.
- Recovered from its worst fall in 1 months.
- Ranks 12 of 209 in its category over 1 year.
Weaknesses
- None
Ideal investor
- Needs a 1–3 years depending on duration horizon to ride out its low to moderate risk level.
Risk drivers
- Financial makes up 86% — trouble in that sector hits the whole fund.