Home› Funds› Mirae Asset Ultra Short Duration Fund Direct IDCW

Mirae Asset Ultra Short Duration Fund Direct IDCW

Mirae Asset · Ultra Short Duration
Low
₹1409.51
Current NAV
25 Jun 2026
14.0%
1Y Return
18.0%
3Y CAGR
15.0%
5Y CAGR
Add to Watchlist
Analysis & Suitability
Pros / Upsides
  • Strong historical returns, outperforming category average in 3-year CAGR.
  • Highly cost-efficient with a low expense ratio of 0.7%.
  • Excellent risk-adjusted performance (Sharpe Ratio: 1.40).
  • Very large asset base (AUM: ₹23,450 Cr) indicating high investor trust and liquidity.
Cons / Risks
  • Returns are subject to standard market fluctuations and interest rate risks.
  • No indexation benefits under current tax laws for short holding periods.
Suitable for
  • Systematic investments (SIP) for long-term target goal-based planning.
Not suitable for
  • Short-term trading or speculative investment horizons.
Risk Profile: Low Risk
Low Moderate High Very High
Risk Metrics
1.40
Sharpe Ratio
0.40
Beta
1.40
Alpha
1.54
Sortino
Fund Details
Fund House Mirae Asset
Category Ultra Short Duration
AUM ₹23450 Cr
Expense Ratio 0.70%
Min SIP ₹500
Min Lumpsum ₹1000
SIP Calculator Compare Funds
Similar Funds in Ultra Short Duration
Motilal Oswal Ultra Short Term Fund Direct - IDCW Fortnightly Reinvestment
Motilal Oswal
₹11.83 31.9%
TATA Ultra Short Term Fund-Regular Plan - Monthly Payout of Income Distribution cum capital withdrawal option
Tata
₹15.01 31.9%
NIPPON INDIA ULTRA SHORT DURATION FUND - WEEKLY IDCW OPTION
Nippon India
₹1093.68 31.8%
CANARA ROBECO ULTRA SHORT TERM FUND- REGULAR PLAN - IDCW (Payout)
Canara Robeco
₹1650.22 31.7%