Mirae Asset Ultra Short Duration Fund Datagrid
Category Ultra Short Duration Fund
BMSMONEY Rank 2
Rating
Growth Option 19-05-2026
NAV ₹1377.88(R) +0.02% ₹1395.81(D) +0.02%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular 6.14% 7.09% 6.18% -% -%
Direct 6.41% 7.35% 6.42% -% -%
Benchmark
SIP (XIRR) Regular -24.47% -0.62% 3.48% -% -%
Direct -24.24% -0.35% 3.74% -% -%
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: 19-05-2026

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Ultra Short Duration Fund Regular IDCW 1377.38
0.2400
0.0200%
Mirae Asset Ultra Short Duration Fund Regular Growth 1377.88
0.2400
0.0200%
Mirae Asset Ultra Short Duration Fund Direct IDCW 1395.41
0.2500
0.0200%
Mirae Asset Ultra Short Duration Fund Direct Growth 1395.81
0.2500
0.0200%

Review Date: 19-05-2026

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 1.19% 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

  • Mirae Asset Ultra Short Duration Fund has given a return of 6.41% in last one year. In the same period the Ultra Short Duration Fund category average return was 6.31%.
  • The fund has given a return of 7.35% in last three years and ranked 6.0th out of twenty three funds in the category. In the same period the Ultra Short Duration Fund category average return was 7.18%.
  • The fund has given a return of 6.42% 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 6.35%.
  • The fund has given a SIP return of -24.24% in last one year whereas category average SIP return is -24.26%. The fund one year return rank in the category is 9th in 22 funds
  • The fund has SIP return of -0.35% in last three years and ranks 7th in 22 funds. Nippon India Ultra Short Duration Fund has given the highest SIP return (-0.13%) in the category in last three years.
  • The fund has SIP return of 3.74% in last five years whereas category average SIP return is 3.6%.

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 % 0.22
    0.19
    		0.14 | 0.24 3 | 23 Very Good
    6M Return % 2.74
    2.62
    		2.24 | 2.80 4 | 23 Very Good
    1Y Return % 6.14
    5.74
    		4.97 | 6.15 2 | 23 Very Good
    3Y Return % 7.09
    6.62
    		5.66 | 7.21 2 | 23 Very Good
    5Y Return % 6.18
    5.84
    		4.84 | 6.70 5 | 22 Very Good
    1Y SIP Return % -24.47
    -24.75
    		-25.43 | -24.45 3 | 23 Very Good
    3Y SIP Return % -0.62
    -1.06
    		-2.02 | -0.50 2 | 23 Very Good
    5Y SIP Return % 3.48
    3.07
    		2.07 | 3.60 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 : May 19, 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 % 0.24 0.24 0.17 | 0.29 12 | 23 Good
    6M Return % 2.89 2.89 2.72 | 3.11 13 | 23 Average
    1Y Return % 6.41 6.31 6.00 | 6.69 7 | 23 Good
    3Y Return % 7.35 7.18 6.43 | 7.52 6 | 23 Very Good
    5Y Return % 6.42 6.35 5.54 | 7.53 7 | 22 Good
    1Y SIP Return % -24.24 -24.26 -24.51 | -23.91 9 | 22 Good
    3Y SIP Return % -0.35 -0.49 -1.20 | -0.13 7 | 22 Good
    5Y SIP Return % 3.74 3.60 2.83 | 4.04 7 | 21 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 : May 19, 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
    19-05-2026 1377.8758 1395.8089
    18-05-2026 1377.6366 1395.5555
    15-05-2026 1377.5458 1395.4304
    14-05-2026 1377.6133 1395.4878
    13-05-2026 1377.7877 1395.6534
    12-05-2026 1377.7515 1395.6057
    11-05-2026 1377.85 1395.6944
    08-05-2026 1377.5895 1395.3974
    07-05-2026 1377.4145 1395.2091
    06-05-2026 1377.2225 1395.0037
    05-05-2026 1376.6407 1394.4032
    04-05-2026 1376.459 1394.2082
    30-04-2026 1375.3422 1393.0329
    29-04-2026 1375.5129 1393.1949
    28-04-2026 1375.6038 1393.2759
    27-04-2026 1375.4656 1393.1248
    24-04-2026 1375.051 1392.6717
    23-04-2026 1374.9828 1392.5915
    22-04-2026 1375.1687 1392.7688
    21-04-2026 1375.0285 1392.6158
    20-04-2026 1374.8909 1392.4653

    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.