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Mirae Asset Ultra Short Duration Fund Regular Growth

Category: Debt: Ultra Short Duration
Launch Date: 05-10-2020
Asset Class: Fixed Income
Benchmark: S&P BSE Liquid Rate Index
Expense Ratio: 0.57% As on (30-04-2024)
Status: Open Ended Schemes
Minimum Investment: 5000.0
Minimum Topup: 1000.0
Total Assets: 1,463.94 Cr As on (30-04-2024)
Turn over:
NAV as on Wed May 29 00:00:00 IST 2024

1206.44

0.27 (0.0226%)

CAGR Since Inception

5.28%

S&P BSE Liquid Rate Index 5.39%

PERFORMANCE of Mirae Asset Ultra Short Duration Fund Regular Growth

Scheme Performance (%) Data as on - 29-05-2024

1-Year Ret (%) 3-Yrs Ret (%) 5-Yrs Ret (%) 10-Yrs Ret (%) Since Launch Ret (%)
Mirae Asset Ultra Short Duration Fund Regular Growth 7.32 5.68 - - 5.28
S&P BSE Liquid Rate Index 6.88 5.43 4.83 - 5.39
Debt: Ultra Short Duration 6.85 5.39 5.42 6.45 6.14

Yearly Performance (%)

Fund Managers

Basant Bafna

Investment Objective

The scheme seeks to generate regular income and provide liquidity by investing primarily in a portfolio comprising of debt & money market instruments.

RETURNS CALCULATOR for Mirae Asset Ultra Short Duration Fund Regular Growth

Growth of 10000 In SIP (Fund vs Benchmark)

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Growth of 10000 In LUMPSUM (Fund vs Benchmark)

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Rolling Returns

Rolling returns are the annualized returns of the scheme taken for a specified period (rolling returns period) on every day/week/month and taken till the last day of the duration. In this chart we are showing the annualized returns over the rolling returns period on every day from the start date and comparing it with the benchmark. Rolling returns is the best measure of a fund's performance. Trailing returns have a recency bias and point to point returns are specific to the period in consideration. Rolling returns, on the other hand, measures the fund's absolute and relative performance across all timescales, without bias.

Riskometer

Key Performance and Risk Statistics of Mirae Asset Ultra Short Duration Fund Regular Growth

Key Statistics Volatility Sharpe Ratio Alpha Beta Yield to Maturity Average Maturity
Mirae Asset Ultra Short Duration Fund Regular Growth 0.53 0.36 2.49 1.15 7.61 0.45
Debt: Ultra Short Duration - - - - - -

PEER COMPARISION of Mirae Asset Ultra Short Duration Fund Regular Growth

Period
Data as on - 29-05-2024
Scheme Name Launch
Date
1-Year
Ret (%)
2-Yrs
Ret (%)
3-Yrs
Ret (%)
5-Yrs
Ret (%)
10-Yrs
Ret (%)
Mirae Asset Ultra Short Duration Fund Regular Growth 05-10-2020 7.32 6.77 5.68 0.0 0.0
Aditya Birla Sun Life Savings Fund - Growth - Regular Plan 27-11-2001 7.42 6.88 5.82 6.17 7.29
Aditya Birla Sun Life Savings Fund-Retail Growth 27-11-2001 7.42 6.88 5.83 6.17 7.29
Baroda BNP Paribas Ultra Short Duration Fund - Regular Plan - Growth 29-05-2018 7.27 6.95 5.79 5.65 0.0
ICICI Prudential Ultra Short Term Fund - Growth 01-05-2011 7.17 6.66 5.63 6.02 7.58
BANDHAN ULTRA SHORT TERM FUND - REGULAR PLAN GROWTH 01-07-2018 7.16 6.68 5.5 5.58 0.0
HSBC Ultra Short Duration Fund - Regular Growth 29-01-2020 7.15 6.7 5.56 0.0 0.0
HDFC Ultra Short Term Fund - Growth Option 05-09-2018 7.15 6.64 5.53 5.76 0.0
SBI Magnum Ultra Short Duration Fund - Regular Plan - Growth 21-05-1999 7.14 6.65 5.51 5.65 6.74
Invesco India Ultra Short Duration Fund - Growth 30-12-2010 7.1 6.44 5.25 5.27 6.75

PORTFOLIO ANALYSIS of Mirae Asset Ultra Short Duration Fund Regular Growth

Asset Allocation (%)