Mirae Asset Ultra Short Duration Fund Datagrid
Category Ultra Short Duration Fund
BMSMONEY Rank 2
Rating
Growth Option 03-07-2026
NAV ₹1395.54(R) 0.0% ₹1414.2(D) 0.0%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular 6.45% 7.24% 6.36% -% -%
Direct 6.72% 7.51% 6.6% -% -%
Benchmark
SIP (XIRR) Regular 6.92% 7.14% 6.96% -% -%
Direct 7.21% 7.41% 7.22% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
3.89 2.67 0.71 1.19% -3.85
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
0.32% 0.0% 0.0% 0.12 0.25%
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
ICICI Prudential Ultra Short Term Fund 3
SBI Ultra Short Duration Fund 4
Baroda BNP Paribas Ultra Short Duration Fund 5

NAV Date: 03-07-2026

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Ultra Short Duration Fund Regular IDCW 1395.04
0.0100
0.0000%
Mirae Asset Ultra Short Duration Fund Regular Growth 1395.54
0.0100
0.0000%
Mirae Asset Ultra Short Duration Fund Direct IDCW 1413.75
0.0200
0.0000%
Mirae Asset Ultra Short Duration Fund Direct Growth 1414.2
0.0200
0.0000%

Review Date: 03-07-2026

Beginning of Analysis

In the Ultra Short Duration Fund category, Mirae Asset Ultra Short Duration Fund is the second ranked fund. The category has total 23 funds. The 5 star rating shows an excellent past performance of the Mirae Asset Ultra Short Duration Fund in Ultra Short Duration Fund. The fund has a Jensen Alpha of 1.19% which is higher than the category average of 0.75%. Here the fund has shown very good performance in terms of risk adjusted returns. The fund has a Sharpe Ratio of 3.89 which is higher than the category average of 2.64.
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 1.09%, 2.06 and 3.48 in last one, three and six months respectively. In the same period the category average return was 1.0%, 1.93% and 3.39% respectively.
  • Mirae Asset Ultra Short Duration Fund has given a return of 6.72% in last one year. In the same period the Ultra Short Duration Fund category average return was 6.55%.
  • The fund has given a return of 7.51% in last three years and ranked 4.0th out of twenty three funds in the category. In the same period the Ultra Short Duration Fund category average return was 7.3%.
  • The fund has given a return of 6.6% in last five years and ranked 7th out of twenty two funds in the category. In the same period the Ultra Short Duration Fund category average return was 6.49%.
  • The fund has given a SIP return of 7.21% in last one year whereas category average SIP return is 6.97%. The fund one year return rank in the category is 3rd in 23 funds
  • The fund has SIP return of 7.41% in last three years and ranks 4th in 23 funds. Nippon India Ultra Short Duration Fund has given the highest SIP return (7.57%) in the category in last three years.
  • The fund has SIP return of 7.22% in last five years whereas category average SIP return is 7.03%.

Mirae Asset Ultra Short Duration Fund Risk Analysis

  • The fund has a standard deviation of 0.32 and semi deviation of 0.25. 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 % 1.06
    0.95
    		0.76 | 1.06 1 | 23 Very Good
    3M Return % 1.99
    1.79
    		1.49 | 1.99 1 | 23 Very Good
    6M Return % 3.34
    3.12
    		2.72 | 3.34 2 | 23 Very Good
    1Y Return % 6.45
    5.97
    		5.16 | 6.45 1 | 23 Very Good
    3Y Return % 7.24
    6.74
    		5.73 | 7.33 2 | 23 Very Good
    5Y Return % 6.36
    5.98
    		4.97 | 6.61 5 | 22 Very Good
    1Y SIP Return % 6.92
    6.39
    		5.58 | 6.92 1 | 23 Very Good
    3Y SIP Return % 7.14
    6.64
    		5.61 | 7.19 2 | 23 Very Good
    5Y SIP Return % 6.96
    6.51
    		5.49 | 7.04 2 | 22 Very Good
    Standard Deviation 0.32
    0.30
    		0.22 | 0.37 18 | 23 Average
    Semi Deviation 0.25
    0.22
    		0.17 | 0.26 22 | 23 Poor
    Sharpe Ratio 3.89
    2.64
    		-0.59 | 3.92 2 | 23 Very Good
    Sterling Ratio 0.71
    0.66
    		0.57 | 0.73 2 | 23 Very Good
    Sortino Ratio 2.67
    1.85
    		-0.19 | 3.16 6 | 23 Very Good
    Jensen Alpha % 1.19
    0.75
    		-0.19 | 1.28 2 | 23 Very Good
    Treynor Ratio -3.85
    -4.28
    		-6.10 | -3.02 6 | 23 Very Good
    Modigliani Square Measure % 9.31
    8.28
    		5.70 | 9.38 2 | 23 Very Good
    Alpha % -0.94
    -1.41
    		-2.31 | -0.79 2 | 23 Very Good
    Return data last Updated On : July 3, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : March 30, 2026
    KPIs: Key Performance Indicators

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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 1.09 1.00 0.84 | 1.09 1 | 23 Very Good
    3M Return % 2.06 1.93 1.73 | 2.06 2 | 23 Very Good
    6M Return % 3.48 3.39 3.19 | 3.62 5 | 23 Very Good
    1Y Return % 6.72 6.55 6.23 | 6.96 4 | 23 Very Good
    3Y Return % 7.51 7.30 6.53 | 7.65 4 | 23 Very Good
    5Y Return % 6.60 6.49 5.68 | 7.43 7 | 22 Good
    1Y SIP Return % 7.21 6.97 6.53 | 7.40 3 | 23 Very Good
    3Y SIP Return % 7.41 7.20 6.45 | 7.57 4 | 23 Very Good
    5Y SIP Return % 7.22 7.03 6.25 | 7.44 6 | 22 Very Good
    Standard Deviation 0.32 0.30 0.22 | 0.37 18 | 23 Average
    Semi Deviation 0.25 0.22 0.17 | 0.26 22 | 23 Poor
    Sharpe Ratio 3.89 2.64 -0.59 | 3.92 2 | 23 Very Good
    Sterling Ratio 0.71 0.66 0.57 | 0.73 2 | 23 Very Good
    Sortino Ratio 2.67 1.85 -0.19 | 3.16 6 | 23 Very Good
    Jensen Alpha % 1.19 0.75 -0.19 | 1.28 2 | 23 Very Good
    Treynor Ratio -3.85 -4.28 -6.10 | -3.02 6 | 23 Very Good
    Modigliani Square Measure % 9.31 8.28 5.70 | 9.38 2 | 23 Very Good
    Alpha % -0.94 -1.41 -2.31 | -0.79 2 | 23 Very Good
    Return data last Updated On : July 3, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : March 30, 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
    03-07-2026 1395.5409 1414.1958
    02-07-2026 1395.528 1414.1728
    01-07-2026 1394.9957 1413.6233
    30-06-2026 1393.6598 1412.2595
    29-06-2026 1392.9393 1411.5192
    25-06-2026 1391.427 1409.9464
    24-06-2026 1390.3591 1408.8542
    23-06-2026 1389.5087 1407.9825
    22-06-2026 1389.3579 1407.8197
    19-06-2026 1388.6384 1407.0573
    18-06-2026 1388.5508 1406.9573
    17-06-2026 1388.2925 1406.6844
    16-06-2026 1387.9517 1406.3277
    15-06-2026 1386.624 1404.9713
    12-06-2026 1385.3135 1403.6102
    11-06-2026 1384.8174 1403.0964
    10-06-2026 1385.287 1403.5611
    09-06-2026 1385.2564 1403.5185
    08-06-2026 1383.9652 1402.1993
    05-06-2026 1382.6439 1400.8275
    04-06-2026 1381.0963 1399.2485
    03-06-2026 1380.8494 1398.9872

    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.