Mirae Asset Ultra Short Duration Fund Regular Growth
| Category: Debt: Ultra Short Duration |
| Launch Date: 05-10-2020 |
| Asset Class: Fixed Income |
| Benchmark: Nifty Ultra Short Duration Debt Index A-I |
| Expense Ratio: 0.45% As on (31-10-2024) |
| Status: Open Ended Schemes |
| Minimum Investment: 5000.0 |
| Minimum Topup: 1000.0 |
| Total Assets: 1,584.59 Cr As on (31-10-2024) |
| Turn over: - |
1249.9788
0.23 (0.0181%)
5.55%
Nifty Ultra Short Duration Debt Index A-I 6.36%
PERFORMANCE of Mirae Asset Ultra Short Duration Fund Regular Growth
Scheme Performance (%)
Data as on - 22-11-2024Yearly 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.
NAV & Lumpsum details( Invested amount 1,00,000)
| NAV Date | NAV | Units | Market Value |
Returns (%) |
|---|---|---|---|---|
| 08-10-2020 | 1000.2173 | 99.9783 | 100000 | 0.0 % |
| 09-11-2020 | 1003.7414 | - | 100352 | 0.35 % |
| 08-12-2020 | 1006.5282 | - | 100631 | 0.63 % |
| 08-01-2021 | 1009.3064 | - | 100909 | 0.91 % |
| 08-02-2021 | 1010.7035 | - | 101048 | 1.05 % |
| 08-03-2021 | 1013.3034 | - | 101308 | 1.31 % |
| 08-04-2021 | 1017.074 | - | 101685 | 1.69 % |
| 10-05-2021 | 1020.226 | - | 102000 | 2.0 % |
| 08-06-2021 | 1022.9158 | - | 102269 | 2.27 % |
| 08-07-2021 | 1025.9325 | - | 102571 | 2.57 % |
| 09-08-2021 | 1029.2666 | - | 102904 | 2.9 % |
| 08-09-2021 | 1032.7417 | - | 103252 | 3.25 % |
| 08-10-2021 | 1035.1752 | - | 103495 | 3.5 % |
| 08-11-2021 | 1037.8308 | - | 103761 | 3.76 % |
| 08-12-2021 | 1041.2128 | - | 104099 | 4.1 % |
| 10-01-2022 | 1044.5333 | - | 104431 | 4.43 % |
| 08-02-2022 | 1046.93 | - | 104670 | 4.67 % |
| 08-03-2022 | 1049.9767 | - | 104975 | 4.98 % |
| 08-04-2022 | 1054.1535 | - | 105392 | 5.39 % |
| 09-05-2022 | 1055.6961 | - | 105547 | 5.55 % |
| 08-06-2022 | 1059.4239 | - | 105919 | 5.92 % |
| 08-07-2022 | 1064.0028 | - | 106377 | 6.38 % |
| 08-08-2022 | 1068.0963 | - | 106786 | 6.79 % |
| 08-09-2022 | 1073.1718 | - | 107294 | 7.29 % |
| 10-10-2022 | 1076.7511 | - | 107652 | 7.65 % |
| 09-11-2022 | 1081.7869 | - | 108155 | 8.15 % |
| 08-12-2022 | 1087.548 | - | 108731 | 8.73 % |
| 09-01-2023 | 1093.908 | - | 109367 | 9.37 % |
| 08-02-2023 | 1099.4204 | - | 109918 | 9.92 % |
| 08-03-2023 | 1104.2993 | - | 110406 | 10.41 % |
| 10-04-2023 | 1113.3465 | - | 111310 | 11.31 % |
| 08-05-2023 | 1119.1874 | - | 111894 | 11.89 % |
| 08-06-2023 | 1126.4409 | - | 112620 | 12.62 % |
| 10-07-2023 | 1133.2341 | - | 113299 | 13.3 % |
| 08-08-2023 | 1139.3716 | - | 113912 | 13.91 % |
| 08-09-2023 | 1145.6315 | - | 114538 | 14.54 % |
| 09-10-2023 | 1152.1337 | - | 115188 | 15.19 % |
| 08-11-2023 | 1158.5008 | - | 115825 | 15.82 % |
| 08-12-2023 | 1164.874 | - | 116462 | 16.46 % |
| 08-01-2024 | 1172.0513 | - | 117180 | 17.18 % |
| 08-02-2024 | 1178.9429 | - | 117869 | 17.87 % |
| 11-03-2024 | 1187.1837 | - | 118693 | 18.69 % |
| 08-04-2024 | 1194.9566 | - | 119470 | 19.47 % |
| 08-05-2024 | 1201.5036 | - | 120124 | 20.12 % |
| 10-06-2024 | 1209.4124 | - | 120915 | 20.91 % |
| 08-07-2024 | 1216.6745 | - | 121641 | 21.64 % |
| 08-08-2024 | 1224.0337 | - | 122377 | 22.38 % |
| 09-09-2024 | 1231.5489 | - | 123128 | 23.13 % |
| 08-10-2024 | 1239.0307 | - | 123876 | 23.88 % |
| 08-11-2024 | 1246.6842 | - | 124641 | 24.64 % |
| 22-11-2024 | 1249.9788 | - | 124971 | 24.97 % |
RETURNS CALCULATOR for Mirae Asset Ultra Short Duration Fund Regular Growth
Growth of 10000 In SIP (Fund vs Benchmark)
Growth of 10000 In LUMPSUM (Fund vs Benchmark)
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 | 0.52 | 0.39 | 2.48 | 1.13 | 7.52 | 0.5 |
| Debt: Ultra Short Duration | - | - | - | - | - | - |
PEER COMPARISION of Mirae Asset Ultra Short Duration Fund Regular Growth
| 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 | 7.62 | 7.36 | 6.34 | 0.0 | 0.0 |
| Aditya Birla Sun Life Savings Fund-Retail Growth | 27-11-2001 | 7.74 | 7.45 | 6.43 | 6.09 | 7.2 |
| Aditya Birla Sun Life Savings Fund - Growth - Regular Plan | 27-11-2001 | 7.73 | 7.45 | 6.43 | 6.09 | 7.2 |
| Baroda BNP Paribas Ultra Short Duration Fund - Regular Plan - Growth | 29-05-2018 | 7.45 | 7.35 | 6.41 | 5.63 | 0.0 |
| ICICI Prudential Ultra Short Term Fund - Growth | 01-05-2011 | 7.44 | 7.19 | 6.19 | 5.88 | 7.12 |
| SBI Magnum Ultra Short Duration Fund - Regular Plan - Growth | 21-05-1999 | 7.43 | 7.2 | 6.15 | 5.58 | 6.66 |
| HDFC Ultra Short Term Fund - Growth Option | 10-09-2018 | 7.42 | 7.18 | 6.15 | 5.72 | 0.0 |
| BANDHAN ULTRA SHORT TERM FUND - REGULAR PLAN GROWTH | 01-07-2018 | 7.42 | 7.23 | 6.15 | 5.51 | 0.0 |
| Invesco India Ultra Short Duration Fund - Growth | 30-12-2010 | 7.42 | 7.03 | 5.92 | 5.21 | 6.58 |
| HSBC Ultra Short Duration Fund - Regular Growth | 29-01-2020 | 7.39 | 7.19 | 6.18 | 0.0 | 0.0 |
PORTFOLIO ANALYSIS of Mirae Asset Ultra Short Duration Fund Regular Growth
Asset Allocation (%)
| Allocation | Percentage (%) |
|---|
Market Cap Distribution
Others
100.0%
Total
100%
