Investment Objective and Approach

The investment objective of the scheme is to generate regular income and provide liquidity by investing primarily in a portfolio comprising of debt & money market instruments. This is an open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months to 6 months. The fund carries relatively low interest rate risk and moderate credit risk.

Investment will primarily be made in short maturity papers along with tactical exposure to Government Securities (T-bills). The endeavor will be to have a portfolio of high quality and low interest rate sensitive debt securities. The fund invests up to 100% of its assets in debt and money market instruments carrying a low to medium amount of risk with a focus on investments in highly rated instruments (AAA/A1+ rated papers).

The fund follows an accrual strategy and aims to hold instruments in the portfolio till maturity to earn interest, targeting stable returns across different interest rate scenarios. As of August 2024, the fund's asset allocation comprises around 0.00% in equities, 31.21% in debts, and 68.50% in cash & cash equivalents.

Fund Managers

The fund is currently managed by Mr. Basant Bafna since 16th January, 2023. Mr. Basant Bafna has over 14 years of experience in the banking industry. He has qualified in CFA, FRM, MBA (Finance), B Com (Hons), Certified Treasury Professional, Certified Associate of the Indian Institute of Bankers, and cleared all levels of Company Secretary. Prior to this assignment, Mr. Basant Bafna worked as Chief Dealer and Assistant General Manager with Export-Import Bank of India.

The fund operates under the supervision of Mr. Mahendra Kumar Jajoo, who is the Head - Fixed Income of Mirae Asset Investment Managers (India) Private Limited. He has over 31 years of experience in the field of financial services including 17 years of experience in Fixed Income funds management. He is overall responsible for supervising all Debt schemes of the Mirae Asset Mutual Fund.

About the Fund House (AMC)

Headquartered in Seoul, South Korea, Mirae Asset Financial Group is one of the key players in the Asian financial market. Its asset management wing, the Mirae Asset Global Investments, commenced operation in 1997 and has expanded its business globally in a relatively short span of time. Today, Mirae Asset Mutual Fund has its presence in 14 countries spread across 5 continents. From the USA to Europe and India, Mirae Asset has been helping people invest prudently through their asset management company.

The Indian wing of the AMC, Mirae Asset Global Investments (India) Pvt. Ltd. was launched in the November of 2007, becoming only their second overseas branch after Hong Kong. Note that Mirae Asset has been present in the Indian market since 2004 as a foreign institutional investor, but they commenced domestic business only in 2008.

As of December 2023, their AUM exceeds Rs. 149503 crores. Mirae Asset is considered one of the fastest growing AMCs in India. From a meagre 51,304 folios in 2013, they ballooned to over 11 Lakh in 2018, in a matter of just 5 years.

Mr. Swarup Anand Mohanty is the Vice Chairman & CEO of Mirae Asset Investment Managers (India) Pvt. Ltd., with over 30 years of expertise in financial services, specializing in Asset Management Sales.

Should I Invest in Mirae Asset Ultra Short Duration Fund?

This fund is suitable for investors seeking short-term investment opportunities with relatively low interest rate risk. Given its ultra-short duration profile of 3-6 months, it may be appropriate for:

- Parking surplus funds: You can make your surplus funds work for you to seek to generate returns, by investing them in ultra-short duration funds instead of keeping it idle in your savings bank account.

- Short-term liquidity needs: These funds are suitable for short term investments since they are less volatile and aim to produce more stable income compared to funds with longer duration profiles.

- Conservative investors: Those looking for better returns than savings accounts while maintaining lower risk compared to longer duration funds.

Key considerations for investment:

- Minimum investment: Minimum SIP Investment is set to ₹99 and Minimum Lumpsum Investment is ₹5,000

- Performance: The fund gave a CAGR of 6.13% since inception and has generated 8.03% over the last 1 year and 7.51% over the last 3 years

- Fund size: The fund currently has an Asset Under Management(AUM) of ₹2,07,353 Cr as of 05 Aug 2025

You should discuss with your financial advisors, if ultra-short duration funds are suitable for your short term investing needs.

FAQs

What is today's NAV of Mirae Asset Ultra Short Duration Fund?

The Latest NAV as of 05 Aug 2025 is ₹1,332.48. NAV is updated daily and reflects the per-unit value of the fund.

What is the AUM of Mirae Asset Ultra Short Duration Fund?

The fund currently has an Asset Under Management(AUM) of ₹2,07,353 Cr as of 05 Aug 2025. This indicates the total value of assets managed by the fund.

What is the expense ratio of Mirae Asset Ultra Short Duration Fund?

As of 04-Aug-25, the expense ratio is 0.16% for the direct plan. This is the annual fee charged by the fund house for managing your investment.

What are the returns of Mirae Asset Ultra Short Duration Fund since inception?

The fund gave a CAGR of 6.13% since inception. However, past performance doesn't guarantee future returns.

What is the minimum SIP amount to invest in Mirae Asset Ultra Short Duration Fund?

Minimum SIP Investment is set to ₹99. This makes it accessible for small investors to start their investment journey.

How do I invest in Mirae Asset Ultra Short Duration Fund?

You can invest through Allvest by completing your KYC, selecting the fund, and making payment via UPI, net banking, or debit card. The investment process is completely online and transparent.

How to start a SIP in Mirae Asset Ultra Short Duration Fund?

Through Allvest, you can start a SIP by logging in, selecting mutual funds, searching for the scheme, choosing SIP option, and setting your preferred amount and frequency.

How do I automate an SIP in Mirae Asset Ultra Short Duration Fund?

Allvest offers auto-invest features that allow you to set up automatic investments at regular intervals. Once configured, your chosen amount will be invested automatically without manual intervention.

How can I withdraw/redeem my investment in Mirae Asset Ultra Short Duration Fund?

You can redeem your investments through Allvest by logging into your account, going to the investment section, and placing a redemption request. The process is simple and can be done online.

*Mutual Fund investments are subject to market risks, read all scheme related documents carefully.*