Mirae Asset Ultra Short Duration Fund Datagrid
Category Ultra Short Duration Fund
BMSMONEY Rank 2
Rating
Growth Option 02-04-2026
NAV ₹1367.54(R) None% ₹1384.83(D) %
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular 6.4% 7.16% -% -% -%
Direct 6.66% 7.42% -% -% -%
Benchmark
SIP (XIRR) Regular 5.95% 6.95% 6.74% -% -%
Direct 6.22% 7.21% 6.99% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
4.71 3.42 0.73 1.38% -4.01
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
0.31% 0.0% 0.0% 0.11 0.23%
Fund AUM As on: 30/12/2025 2071 Cr
Top Ultra Short Duration Fund
Fund Name Rank Rating
Aditya Birla Sun Life Savings Fund 1
Mirae Asset Ultra Short Duration Fund 2
- 3
Sbi Ultra Short Duration Fund 4
Baroda BNP Paribas Ultra Short Duration Fund 5

NAV Date: 02-04-2026

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Ultra Short Duration Fund Regular IDCW 1367.05
%
Mirae Asset Ultra Short Duration Fund Regular Growth 1367.54
%
Mirae Asset Ultra Short Duration Fund Direct IDCW 1384.47
%
Mirae Asset Ultra Short Duration Fund Direct Growth 1384.83
%

Review Date: 02-04-2026

Beginning of Analysis

Mirae Asset Ultra Short Duration Fund is the second ranked fund in the Ultra Short Duration Fund category. The category has total 23 funds. The Mirae Asset Ultra Short Duration Fund has shown an excellent past performence in Ultra Short Duration Fund. The fund has a Jensen Alpha of 1.38% which is higher than the category average of 0.9%. Here the fund has shown very good performance in terms of risk adjusted returns. The fund has a Sharpe Ratio of 4.71 which is higher than the category average of 3.2.
The past performance of the fund may or may not be sustained in the future. The review is not investment advice nor is it a recommendation to buy or sell funds. The ranking is based on proprietary methodology developed by bmsmoney. The methodology is based on the past performance of the funds and does not guarantee future performance.
Ultra Short Duration Mutual Funds are ideal for conservative investors seeking stable returns with minimal interest rate risk. These funds invest in debt and money market instruments with a portfolio duration of 3 to 6 months, making them less sensitive to interest rate changes compared to longer-duration funds. While they offer stable returns with relatively lower risk, they may underperform in a falling interest rate environment. Investors should carefully assess their risk tolerance, investment horizon, and financial goals before investing in these funds. Additionally, choosing funds managed by experienced professionals can help optimize risk-adjusted returns.

Mirae Asset Ultra Short Duration Fund Return Analysis

  • The fund has given a return of 0.49%, 1.37 and 2.9 in last one, three and six months respectively. In the same period the category average return was 0.51%, 1.42% and 2.91% respectively.
  • Mirae Asset Ultra Short Duration Fund has given a return of 6.66% in last one year. In the same period the Ultra Short Duration Fund category average return was 6.57%.
  • The fund has given a return of 7.42% in last three years and ranked 5.0th out of twenty two funds in the category. In the same period the Ultra Short Duration Fund category average return was 7.24%.
  • The fund has given a SIP return of 6.22% in last one year whereas category average SIP return is 6.2%. The fund one year return rank in the category is 8th in 22 funds
  • The fund has SIP return of 7.21% in last three years and ranks 5th in 22 funds. Nippon India Ultra Short Duration Fund has given the highest SIP return (7.43%) in the category in last three years.
  • The fund has SIP return of 6.99% in last five years whereas category average SIP return is 6.86%.

Mirae Asset Ultra Short Duration Fund Risk Analysis

  • The fund has a standard deviation of 0.31 and semi deviation of 0.23. The category average standard deviation is 0.3 and semi deviation is 0.22.
  • The fund has a beta of 0.11 which shows that fund is less volatile than the benchmark.

Standard deviation measures the fund's return volatility and Semi deviation focuses on downside volatility. Value at Risk (VaR) is a measure of the risk of investments. Maximum Drawdown is the maximum loss from a peak to a trough of a portfolio. Beta measures the volatility of the fund compared to the benchmark. A beta of 1 indicates that the fund will move in line with the benchmark. A beta of more than 1 indicates that the fund will be more volatile than the benchmark and vice versa.


  • Very Good Performance in Ultra Short Duration Fund Category
  • Good Performance in Ultra Short Duration Fund Category
  • Poor Performance in Ultra Short Duration Fund Category
  • Very Poor Performance in Ultra Short Duration Fund Category

    • Investors beware: Mutual Fund investments are subject to market risks. Please read the scheme related documents carefully.

    Data Source: www.amfiindia.com

    SEBI Categorization


    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.46
    0.47
    		0.37 | 0.57 13 | 22 Average
    3M Return % 1.30
    1.29
    		1.07 | 1.42 11 | 22 Good
    6M Return % 2.76
    2.63
    		2.23 | 2.85 5 | 22 Very Good
    1Y Return % 6.40
    6.00
    		5.18 | 6.64 2 | 22 Very Good
    3Y Return % 7.16
    6.67
    		5.71 | 7.31 2 | 22 Very Good
    1Y SIP Return % 5.95
    5.63
    		4.80 | 6.09 4 | 22 Very Good
    3Y SIP Return % 6.95
    6.49
    		5.52 | 7.13 2 | 22 Very Good
    5Y SIP Return % 6.74
    6.35
    		5.34 | 6.90 2 | 20 Very Good
    Standard Deviation 0.31
    0.30
    		0.22 | 0.35 14 | 23 Average
    Semi Deviation 0.23
    0.22
    		0.18 | 0.26 16 | 23 Average
    Sharpe Ratio 4.71
    3.20
    		0.03 | 4.71 1 | 23 Very Good
    Sterling Ratio 0.73
    0.68
    		0.57 | 0.74 2 | 23 Very Good
    Sortino Ratio 3.42
    2.35
    		0.01 | 3.73 4 | 23 Very Good
    Jensen Alpha % 1.38
    0.90
    		-0.06 | 1.44 2 | 23 Very Good
    Treynor Ratio -4.01
    -4.27
    		-6.41 | -3.10 9 | 23 Good
    Modigliani Square Measure % 9.93
    8.68
    		6.15 | 9.93 1 | 23 Very Good
    Alpha % -0.87
    -1.36
    		-2.29 | -0.74 2 | 23 Very Good
    Return data last Updated On : April 2, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Feb. 27, 2026
    KPIs: Key Performance Indicators

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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.49 0.51 0.47 | 0.62 15 | 22 Average
    3M Return % 1.37 1.42 1.29 | 1.53 19 | 22 Poor
    6M Return % 2.90 2.91 2.69 | 3.12 12 | 22 Good
    1Y Return % 6.66 6.57 6.12 | 6.94 6 | 22 Very Good
    3Y Return % 7.42 7.24 6.46 | 7.60 5 | 22 Very Good
    1Y SIP Return % 6.22 6.20 5.78 | 6.62 8 | 22 Good
    3Y SIP Return % 7.21 7.06 6.31 | 7.43 5 | 22 Very Good
    5Y SIP Return % 6.99 6.86 6.07 | 7.35 6 | 20 Good
    Standard Deviation 0.31 0.30 0.22 | 0.35 14 | 23 Average
    Semi Deviation 0.23 0.22 0.18 | 0.26 16 | 23 Average
    Sharpe Ratio 4.71 3.20 0.03 | 4.71 1 | 23 Very Good
    Sterling Ratio 0.73 0.68 0.57 | 0.74 2 | 23 Very Good
    Sortino Ratio 3.42 2.35 0.01 | 3.73 4 | 23 Very Good
    Jensen Alpha % 1.38 0.90 -0.06 | 1.44 2 | 23 Very Good
    Treynor Ratio -4.01 -4.27 -6.41 | -3.10 9 | 23 Good
    Modigliani Square Measure % 9.93 8.68 6.15 | 9.93 1 | 23 Very Good
    Alpha % -0.87 -1.36 -2.29 | -0.74 2 | 23 Very Good
    Return data last Updated On : April 2, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Feb. 27, 2026
    KPIs: Key Performance Indicators

    Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.


    Date Mirae Asset Ultra Short Duration Fund NAV Regular Growth Mirae Asset Ultra Short Duration Fund NAV Direct Growth
    02-04-2026 1367.544 1384.8289
    30-03-2026 1365.9489 1383.1795
    27-03-2026 1364.5908 1381.768
    25-03-2026 1363.7967 1380.9397
    24-03-2026 1363.5378 1380.6655
    23-03-2026 1363.6995 1380.8173
    20-03-2026 1363.9696 1381.0547
    18-03-2026 1363.7811 1380.8396
    17-03-2026 1363.1109 1380.1491
    16-03-2026 1362.5815 1379.601
    13-03-2026 1362.033 1379.0094
    12-03-2026 1362.3796 1379.3482
    11-03-2026 1362.588 1379.5471
    10-03-2026 1362.3262 1379.2699
    09-03-2026 1361.9959 1378.9235
    06-03-2026 1361.7821 1378.6708
    05-03-2026 1361.5319 1378.4053
    04-03-2026 1361.3328 1378.1917
    02-03-2026 1361.2687 1378.1027

    Fund Launch Date: 07/Oct/2020
    Fund Category: Ultra Short Duration Fund
    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. There is no assurance or guarantee that the investment objective of the scheme will be realized
    Fund Description: 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
    Fund Benchmark: NIFTY Ultra Short Duration Debt Index
    Source: Fund FactSheet

    Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.