Mirae Asset Ultra Short Duration Fund - Direct Plan - Growth

Fixed Income | Ultra Short Duration Fund

(NAV as of 17/05/2024)

1213.13 (0.02)

3Y Returns

5.85%

Min SIP

₹1000

Min Lumpsum

₹5000

Expense Ratio

0.21%

Fund Size

₹546 Cr

Inception Date

07-Oct-20

Fund Manager

Basant Bafna

Exit Load

Nil.

Wealthzi View

Fund Traits

Zi Tags

Description

Interest Rate Sensitivity

This fund has a modified duration of less than 1.5 years, thus it has low interest rate sensitivity.

Net Yield to Maturity

Net YTM of this fund is among the top quartile in Ultra Short Duration Fund category.

Fund Size

This fund has a low range AUM which may create liquidity issues in unforeseen times.

1Y Returns

1 year returns of this fund are among the mid quartile in Ultra Short Duration Fund category.

Portfolio Credit Quality

This fund has portfolio holdings in high rated AAA bonds and papers.

Bad Credit Event

This fund has not observed any bad credit event in the last 5 years.

Overall Fund Zi Tag

Interest Rate Sensitivity

→

Net Yield to Maturity

→

Fund Size

→

1Y Returns

→

Portfolio Credit Quality

→

Bad Credit Event

→

Overall Fund Zi Tag

Asset Allocation

Equity

0.00%

Debt & Others

100.00%

Market Cap Allocation

Large Cap

0.00%

Mid Cap

0.00%

Small Cap

0.00%

Other Cap

100.00%

Sector Allocation

Banks

50.83%

Finance

31.30%

Govt-Sec

11.26%

Cash/Deposits/Margins/Treps/Repo/Swaps

2.77%

Telecom

1.97%

Top Ten Holdings

182 Days Tbill (MD 13/06/2024)

5.59%

5.27% National Bank For Agriculture and Rural Development (MD 29/04/2024)

4.23%

8.1% REC Limited (MD 25/06/2024) **

4.10%

Punjab National Bank (MD 02/04/2024) #

4.04%

State Bank of India (MD 17/05/2024) ** #

4.01%

Investment Objective

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.

Fund House Detail

AMC Name

Mirae Asset Investment Managers (India) Private Limited

Scheme Document

https://www.miraeassetmf.co.in/downloads/forms

Address

Unit 606, 6th Floor, Windsor,Off CST Road, Kalina, Santacruz (E),Mumbai - 400 098

Similar Funds

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7.52%

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Uti Ultra Short Term Fund-Direct Growth Plan-Growth

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Invesco India Ultra Short Term Fund - Direct Plan Growth

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Iti Ultra Short Duration Fund - Direct Plan - Growth

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Bank Of India Ultra Short Duration Fund Direct Plan - Growth

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Lic Ultra Short Duration Fund - Direct Plan - Growth

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