Mirae Asset Ultra Short Duration Fund Overview
Category Ultra Short Duration Fund
BMSMONEY Rank 2
BMSMONEY Rating
Growth Option As On: 24-04-2024
NAV ₹1198.65 (R) +0.01% ₹1207.91 (D) +0.01%
Returns Gro. Opt. 1Y 3Y 5Y 7Y 10Y
LumpSum Reg. P 7.32% 5.56% -% -% -%
LumpSum Dir. P 7.57% 5.78% -% -% -%
SIP Reg. P 7.52% 4.58% -% -% -%
SIP Dir. P 7.78% 4.8% -% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
-3.81 -0.75 0.54 4.71% -2.9
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
0.52% 0.0% 0.0% 0.01 0.37%

NAV Date: 24-04-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Ultra Short Duration Fund Regular IDCW 1198.22
0.1500
0.0100%
Mirae Asset Ultra Short Duration Fund Regular Growth 1198.65
0.1500
0.0100%
Mirae Asset Ultra Short Duration Fund Direct Growth 1207.91
0.1600
0.0100%
Mirae Asset Ultra Short Duration Fund Direct IDCW 1207.97
0.1600
0.0100%

Review Date: March 28, 2024

The Ultra Short Duration Fund category has 21 funds. Performance of the Mirae Asset Ultra Short Duration Fund has been analyzed on 17 performance parameters. Out of six return parameters, the fund has five return parameters in first quartile; whereas zero risk parameters (out of four) in first quartile. Similarly five risk-adjusted performance parameters are in first quartile, the performance on different parameters provides has achieved second (out of 21 funds), which is very good rank in the Ultra Short Duration Fund category.
Our ranking methodology employs a composite performance score, taking into account the fund's return, risk, and risk-adjusted performance from the past three years. This composite performance score is then crucial in ranking the funds within the respective category.

The Mirae Asset Ultra Short Duration Fund has very good return performance, as all 1 year and above return parameters are above average in Ultra Short Duration Fund category. The details are provided below.'
    '
  1. 1 Month Return%: One month return shows funds performance in very short period of time, the Mirae Asset Ultra Short Duration Fund has given return of 0.68% in last one month which is very good as it is in the top quartile in Ultra Short Duration Fund.
  2. 3 Month Return%: Three month return shows funds performance in short period of time, the Mirae Asset Ultra Short Duration Fund has given return of 1.88% in last three month which is very good as it is in the top quartile in Ultra Short Duration Fund.
  3. 1 Year Return%: The Mirae Asset Ultra Short Duration Fund has given return of 7.41% in last one year which is very good as it is in the top quartile in Ultra Short Duration Fund. The one year return rank of Mirae Asset Ultra Short Duration Fund is 2 in 22 funds. The investment of ₹ 10,000 in this fund would have become ₹ 10741.0 in one year.
  4. 3 Year Return%: The Mirae Asset Ultra Short Duration Fund has given return of 5.46% in last three year which is good as it is above average with return rank of 6 in 20 funds. in Ultra Short Duration Fund.
  5. 1 Year SIP Return%: The Mirae Asset Ultra Short Duration Fund has given return of -8.5% in last one year which is very good as it is in the top quartile with return rank of 2 in 22 funds. in Ultra Short Duration Fund.
  6. 3 Year SIP Return%: The Mirae Asset Ultra Short Duration Fund has given return of 4.58% in last three year which is very good as it is in the top quartile with return rank of 3 in 20 funds. in Ultra Short Duration Fund.
    7. '
'

The Mirae Asset Ultra Short Duration Fund has average risk performance, as more than 25% risk parameters are above average Ultra Short Duration Fund category. The details are provided below. '
    '
  1. Standard Deviation: It is a measure of the dispersion of a set of data from its mean. It is calculated as the square root of variance by determining the variation between each data point relative to the mean. The higher the standard deviation, the greater the risk. The Mirae Asset Ultra Short Duration Fund has standard deviation of 0.52 which is good as it is above average with risk rank of 7 in 14 funds. in Ultra Short Duration Fund.
  2. Semi Deviation: It is a measure of the dispersion of a set of data from its mean. It is calculated as the square root of variance by determining the variation between each data point relative to the mean. The higher the semi-deviation, the greater the risk. It uses only negative returns for calculation. The Mirae Asset Ultra Short Duration Fund has semi deviation of 0.37 which is good as it is above average with risk rank of 5 in 14 funds. in Ultra Short Duration Fund.
  3. Max Drawdown %: It is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The Mirae Asset Ultra Short Duration Fund has max drawdown of 0.0% which is good as it is above average with risk rank of 13 in 14 funds. in Ultra Short Duration Fund.
  4. Average Drawdown %: It is the average of the drawdowns over a period of time. The Mirae Asset Ultra Short Duration Fund has average drawdown of 0.0% which is good as it is above average with risk rank of 13 in 14 funds. in Ultra Short Duration Fund.
    5. '
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The Mirae Asset Ultra Short Duration Fund has poor risk adjusted performance, as non of above risk adjusted paramerters are above average in Ultra Short Duration Fund category. The details are provided below. '
    '
  1. Sterling Ratio: It is a measure of risk-adjusted return. The Mirae Asset Ultra Short Duration Fund has Sterling Ratio of 0.54 which is very good as it is in the top quartile with risk rank of 3 in 14 funds. in Ultra Short Duration Fund.
  2. Sortino Ratio: It is a measure of risk-adjusted return. The Mirae Asset Ultra Short Duration Fund has Sortino Ratio of -0.75 which is very good as it is in the top quartile with risk rank of 3 in 14 funds. in Ultra Short Duration Fund.
  3. Jensen Alpha %: It is a measure of risk-adjusted return. The Mirae Asset Ultra Short Duration Fund has Jensen Alpha of 4.71% which is very good as it is in the top quartile with risk rank of 2 in 14 funds. in Ultra Short Duration Fund.
  4. Treynor Ratio: It is a measure of risk-adjusted return. The Mirae Asset Ultra Short Duration Fund has Treynor Ratio of -2.9 which is very poor as it is in the fourth quartile with risk rank of 14 in 14 funds. in Ultra Short Duration Fund.
  5. Modigliani Square Measure %: It is a measure of risk-adjusted return. The Mirae Asset Ultra Short Duration Fund has Modigliani Square Measure of 124.3% which is very good as it is in the top quartile with risk rank of 1 in 14 funds. in Ultra Short Duration Fund.
  6. Alpha %: It is a measure of risk-adjusted return. The Mirae Asset Ultra Short Duration Fund has Alpha of -12.45% which is very poor as it is in the fourth quartile with risk rank of 14 in 14 funds. in Ultra Short Duration Fund.
    7. '
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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Better Than Cat. Avg In 1st Quartile In 4th Quartile
1M Return % 0.69
0.66
0.52 | 0.76 6 | 22
Yes
Yes
No
3M Return % 1.96
1.86
1.52 | 2.13 5 | 22
Yes
Yes
No
6M Return % 3.74
3.51
3.01 | 3.81 3 | 22
Yes
Yes
No
1Y Return % 7.32
6.83
5.98 | 7.43 2 | 22
Yes
Yes
No
3Y Return % 5.56
5.33
4.33 | 6.67 5 | 20
Yes
Yes
No
1Y SIP Return % 7.52
7.05
6.08 | 7.69 2 | 22
Yes
Yes
No
3Y SIP Return % 4.58
4.23
3.29 | 4.69 3 | 20
Yes
Yes
No
Standard Deviation 0.52
0.59
0.43 | 1.50 7 | 14
Yes
No
No
Semi Deviation 0.37
0.39
0.32 | 0.52 5 | 14
Yes
No
No
Max Drawdown % 0.00
0.00
0.00 | 0.00 13 | 14
Yes
No
Yes
Average Drawdown % 0.00
0.00
0.00 | 0.00 13 | 14
Yes
No
Yes
Sharpe Ratio -3.81
-4.38
-6.35 | -0.97 3 | 14
Yes
Yes
No
Sterling Ratio 0.54
0.51
0.42 | 0.60 3 | 14
Yes
Yes
No
Sortino Ratio -0.75
-0.78
-0.88 | -0.51 3 | 14
Yes
Yes
No
Jensen Alpha % 4.71
-0.08
-1.97 | 5.03 2 | 14
Yes
Yes
No
Treynor Ratio -2.90
-0.25
-2.90 | -0.02 14 | 14
No
No
Yes
Modigliani Square Measure % 124.30
13.60
2.41 | 124.30 1 | 14
Yes
Yes
No
Alpha % -12.45
-1.60
-12.45 | 0.33 14 | 14
No
No
Yes
Return data last Updated On : April 24, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : March 28, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Better Than Cat. Avg In 1st Quartile In 4th Quartile
1M Return % 0.71 0.70 0.56 | 0.78 10 | 22
Yes
No
No
3M Return % 2.02 1.97 1.65 | 2.11 7 | 22
Yes
No
No
6M Return % 3.87 3.76 3.26 | 3.92 5 | 22
Yes
Yes
No
1Y Return % 7.57 7.37 6.67 | 7.70 7 | 22
Yes
No
No
3Y Return % 5.78 5.80 4.96 | 7.53 8 | 20
No
No
No
1Y SIP Return % 7.78 7.59 6.74 | 7.93 6 | 22
Yes
Yes
No
3Y SIP Return % 4.80 4.70 3.90 | 5.31 9 | 20
Yes
No
No
Standard Deviation 0.52 0.59 0.43 | 1.50 7 | 14
Yes
No
No
Semi Deviation 0.37 0.39 0.32 | 0.52 5 | 14
Yes
No
No
Max Drawdown % 0.00 0.00 0.00 | 0.00 13 | 14
Yes
No
Yes
Average Drawdown % 0.00 0.00 0.00 | 0.00 13 | 14
Yes
No
Yes
Sharpe Ratio -3.81 -4.38 -6.35 | -0.97 3 | 14
Yes
Yes
No
Sterling Ratio 0.54 0.51 0.42 | 0.60 3 | 14
Yes
Yes
No
Sortino Ratio -0.75 -0.78 -0.88 | -0.51 3 | 14
Yes
Yes
No
Jensen Alpha % 4.71 -0.08 -1.97 | 5.03 2 | 14
Yes
Yes
No
Treynor Ratio -2.90 -0.25 -2.90 | -0.02 14 | 14
No
No
Yes
Modigliani Square Measure % 124.30 13.60 2.41 | 124.30 1 | 14
Yes
Yes
No
Alpha % -12.45 -1.60 -12.45 | 0.33 14 | 14
No
No
Yes
Return data last Updated On : April 24, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : March 28, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D 0.01 ₹ 10001.0 0.01 ₹ 10001.0
1W 0.09 ₹ 10009.0 0.1 ₹ 10010.0
1M 0.69 ₹ 10069.0 0.71 ₹ 10071.0
3M 1.96 ₹ 10196.0 2.02 ₹ 10202.0
6M 3.74 ₹ 10374.0 3.87 ₹ 10387.0
1Y 7.32 ₹ 10732.0 7.57 ₹ 10757.0
3Y 5.56 ₹ 11764.0 5.78 ₹ 11837.0
5Y - ₹ - - ₹ -
7Y - ₹ - - ₹ -
10Y - ₹ - - ₹ -
15Y - ₹ - - ₹ -

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.

Investment Period Invested Amount Regular Direct
XIRR % Current Value of Invested Amount XIRR % Current Value of Invested Amount
1Y ₹ 12000 7.5185 ₹ 12482.412 7.783 ₹ 12499.188
3Y ₹ 36000 4.5762 ₹ 38599.74 4.7986 ₹ 38729.16
5Y ₹ 60000 - ₹ - - ₹ -
7Y ₹ 84000 - ₹ - - ₹ -
10Y ₹ 120000 - ₹ - - ₹ -
15Y ₹ 180000 - ₹ - - ₹ -


Date NAV Regular Growth NAV Direct Growth
24-04-2024 1198.6527 1207.9081
23-04-2024 1198.5049 1207.747
22-04-2024 1198.2298 1207.4574
19-04-2024 1197.635 1206.8199
18-04-2024 1197.5163 1206.6881
16-04-2024 1197.0315 1206.1776
15-04-2024 1196.7829 1205.9149
12-04-2024 1196.0692 1205.1586
08-04-2024 1194.9566 1203.9918
05-04-2024 1194.2442 1203.2529
04-04-2024 1193.922 1202.9207
03-04-2024 1193.5658 1202.5547
02-04-2024 1193.2563 1202.2356
28-03-2024 1191.7659 1200.6977
27-03-2024 1190.6452 1199.5614
26-03-2024 1190.4764 1199.3841
22-03-2024 1189.6497 1198.5242
21-03-2024 1189.498 1198.3646
20-03-2024 1189.2601 1198.1185
19-03-2024 1189.0354 1197.8857
18-03-2024 1188.8173 1197.6595
15-03-2024 1188.0631 1196.8806
14-03-2024 1187.8544 1196.6639
13-03-2024 1187.6943 1196.4962
12-03-2024 1187.4437 1196.2366
11-03-2024 1187.1837 1195.9673
07-03-2024 1186.1625 1194.9094
06-03-2024 1185.8917 1194.6293
05-03-2024 1185.5823 1194.3103
04-03-2024 1185.2975 1194.0161
01-03-2024 1184.4885 1193.1793
29-02-2024 1184.2299 1192.9115
28-02-2024 1183.9121 1192.5841
27-02-2024 1183.7322 1192.3957
26-02-2024 1183.4668 1192.1212
23-02-2024 1182.7617 1191.3895
22-02-2024 1182.4906 1191.1093
21-02-2024 1182.0554 1190.6638
20-02-2024 1181.796 1190.3953
16-02-2024 1180.8822 1189.4437
15-02-2024 1180.6163 1189.1678
14-02-2024 1180.2406 1188.7813
13-02-2024 1180.0172 1188.5482
12-02-2024 1179.7472 1188.2682
09-02-2024 1179.1276 1187.62
08-02-2024 1178.9429 1187.4259
07-02-2024 1178.7105 1187.1837
06-02-2024 1178.5312 1186.9951
05-02-2024 1178.2863 1186.7404
02-02-2024 1177.5746 1186.0
01-02-2024 1177.2641 1185.6791
31-01-2024 1176.9507 1185.3555
30-01-2024 1176.7648 1185.1602
29-01-2024 1176.5836 1184.9696
25-01-2024 1175.6381 1183.9851
24-01-2024 1175.4656 1183.8034
23-01-2024 1175.3203 1183.649
19-01-2024 1174.5581 1182.8493
18-01-2024 1174.3388 1182.6207
17-01-2024 1174.2164 1182.4894
16-01-2024 1174.0103 1182.2737
15-01-2024 1173.8715 1182.1253
12-01-2024 1173.1404 1181.368
11-01-2024 1172.7982 1181.0147
10-01-2024 1172.581 1180.7872
09-01-2024 1172.3706 1180.5666
08-01-2024 1172.0513 1180.2363
05-01-2024 1171.3493 1179.5034
04-01-2024 1171.0966 1179.2403
03-01-2024 1170.9809 1179.1151
02-01-2024 1170.6867 1178.8102
01-01-2024 1170.5034 1178.617
29-12-2023 1169.7205 1177.8027
28-12-2023 1169.2316 1177.3017
27-12-2023 1168.9229 1176.9822
26-12-2023 1168.811 1176.8609
22-12-2023 1167.8206 1175.8294
21-12-2023 1167.6797 1175.6789
20-12-2023 1167.4329 1175.4217
19-12-2023 1167.1667 1175.1451
18-12-2023 1166.8956 1174.8646
15-12-2023 1166.2767 1174.2191
14-12-2023 1166.0221 1173.9553
13-12-2023 1165.7659 1173.6888
12-12-2023 1165.6301 1173.5434
11-12-2023 1165.5216 1173.4256
08-12-2023 1164.874 1172.7478
07-12-2023 1164.6701 1172.5341
06-12-2023 1164.4205 1172.2741
05-12-2023 1164.2424 1172.0863
04-12-2023 1164.0009 1171.8345
01-12-2023 1163.3442 1171.1477
30-11-2023 1163.1873 1170.9812
29-11-2023 1162.9431 1170.7267
28-11-2023 1162.6881 1170.4615
24-11-2023 1161.8057 1169.5389
23-11-2023 1161.6105 1169.3339
22-11-2023 1161.4282 1169.1419
21-11-2023 1161.2286 1168.9323
20-11-2023 1161.1264 1168.8209
17-11-2023 1160.486 1168.1506
16-11-2023 1160.2394 1167.8938
15-11-2023 1160.0064 1167.6508
13-11-2023 1159.5371 1167.1772
10-11-2023 1158.8692 1166.4894
09-11-2023 1158.6854 1166.296
08-11-2023 1158.5008 1166.1016
07-11-2023 1158.2777 1165.8685
06-11-2023 1158.0628 1165.6437
03-11-2023 1157.3937 1164.9445
02-11-2023 1157.0755 1164.6157
01-11-2023 1156.8367 1164.3669
31-10-2023 1156.5437 1164.0635
30-10-2023 1156.3553 1163.8653
27-10-2023 1155.8123 1163.2932
26-10-2023 1155.5665 1163.0373
25-10-2023 1155.3896 1162.8507
23-10-2023 1154.9869 1162.4285
20-10-2023 1154.3096 1161.7215
19-10-2023 1154.101 1161.5031
18-10-2023 1153.968 1161.3607
17-10-2023 1153.7233 1161.1058
16-10-2023 1153.5261 1160.899
13-10-2023 1152.9482 1160.2943
12-10-2023 1152.7315 1160.0684
11-10-2023 1152.5209 1159.8488
10-10-2023 1152.3299 1159.6489
09-10-2023 1152.1337 1159.4438
06-10-2023 1151.5457 1158.8289
05-10-2023 1151.443 1158.7178
04-10-2023 1151.2157 1158.4814
03-10-2023 1150.8794 1158.1353
29-09-2023 1149.9757 1157.195
27-09-2023 1149.5068 1156.7077
26-09-2023 1149.2232 1156.4146
25-09-2023 1149.1101 1156.2931
22-09-2023 1148.4633 1155.6195
21-09-2023 1148.2274 1155.3744
20-09-2023 1148.1168 1155.2556
18-09-2023 1147.6676 1154.7895
15-09-2023 1147.0178 1154.1129
14-09-2023 1146.8433 1153.9297
13-09-2023 1146.6205 1153.6979
12-09-2023 1146.433 1153.5017
11-09-2023 1146.2421 1153.3019
08-09-2023 1145.6315 1152.6648
07-09-2023 1145.4211 1152.4454
06-09-2023 1145.2079 1152.2233
05-09-2023 1145.0008 1152.0074
04-09-2023 1144.7693 1151.7669
01-09-2023 1144.1516 1151.1225
31-08-2023 1143.9092 1150.871
30-08-2023 1143.6763 1150.6292
29-08-2023 1143.4384 1150.3823
28-08-2023 1143.2102 1150.1451
25-08-2023 1142.5905 1149.5114
24-08-2023 1142.4318 1149.3442
23-08-2023 1142.1883 1149.0916
22-08-2023 1141.98 1148.8745
21-08-2023 1141.7356 1148.6211
18-08-2023 1141.0953 1147.9567
17-08-2023 1140.884 1147.7375
14-08-2023 1140.4509 1147.2812
11-08-2023 1139.8459 1146.6538
10-08-2023 1139.7468 1146.5481
09-08-2023 1139.606 1146.4001
08-08-2023 1139.3716 1146.1583
07-08-2023 1139.2085 1145.9882
04-08-2023 1138.6002 1145.361
03-08-2023 1138.3702 1145.1235
02-08-2023 1138.1747 1144.9224
01-08-2023 1137.988 1144.727
31-07-2023 1137.7351 1144.4666
28-07-2023 1137.1036 1143.8132
27-07-2023 1136.9641 1143.6668
26-07-2023 1136.7361 1143.4314
25-07-2023 1136.5438 1143.232
24-07-2023 1136.3265 1143.0075
21-07-2023 1135.6897 1142.3488
20-07-2023 1135.5382 1142.1904
19-07-2023 1135.3126 1141.9574
18-07-2023 1135.1263 1141.764
17-07-2023 1134.8792 1141.5094
14-07-2023 1134.2971 1140.9058
13-07-2023 1134.038 1140.6391
12-07-2023 1133.7328 1140.3262
11-07-2023 1133.4824 1140.0695
10-07-2023 1133.2341 1139.8137
07-07-2023 1132.6029 1139.1609
06-07-2023 1132.4765 1139.0277
05-07-2023 1132.3128 1138.8571
04-07-2023 1132.0323 1138.5689
03-07-2023 1131.6708 1138.1994
30-06-2023 1130.9393 1137.4456
28-06-2023 1130.4808 1136.9808
27-06-2023 1130.2857 1136.7787
26-06-2023 1130.143 1136.6292
23-06-2023 1129.6473 1136.1126
22-06-2023 1129.4731 1135.9314
21-06-2023 1129.224 1135.675
20-06-2023 1128.9836 1135.4272
19-06-2023 1128.7455 1135.1812
16-06-2023 1128.1021 1134.5163
15-06-2023 1127.7755 1134.1819
14-06-2023 1127.6253 1134.0249
13-06-2023 1127.3065 1133.6983
12-06-2023 1127.0389 1133.4233
09-06-2023 1126.4477 1132.8109
08-06-2023 1126.4409 1132.7981
07-06-2023 1126.3115 1132.6621
06-06-2023 1126.1115 1132.455
05-06-2023 1125.8855 1132.2218
02-06-2023 1125.1936 1131.5082
01-06-2023 1124.9129 1131.22
31-05-2023 1124.5986 1130.898
30-05-2023 1124.3598 1130.6519
29-05-2023 1124.1146 1130.3994
26-05-2023 1123.6262 1129.8902
25-05-2023 1123.4699 1129.7271
24-05-2023 1123.3117 1129.5621
23-05-2023 1123.1617 1129.4054
22-05-2023 1123.0204 1129.2574
19-05-2023 1122.0434 1128.2572
18-05-2023 1121.7555 1127.9618
17-05-2023 1121.3901 1127.5884
16-05-2023 1121.0924 1127.2832
15-05-2023 1120.7105 1126.8933
12-05-2023 1119.9865 1126.1476
11-05-2023 1119.7707 1125.9247
10-05-2023 1119.605 1125.7522
09-05-2023 1119.405 1125.5452
08-05-2023 1119.1874 1125.3204
04-05-2023 1118.3546 1124.4594
03-05-2023 1118.1346 1124.2323
02-05-2023 1117.8288 1123.919
28-04-2023 1117.1731 1123.2361
27-04-2023 1117.0494 1123.1059
26-04-2023 1116.8636 1122.9132
25-04-2023 1116.6472 1122.6898
24-04-2023 1116.4821 1122.5175

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.