Mirae Asset Ultra Short Duration Fund Datagrid
Category Ultra Short Duration Fund
BMSMONEY Rank 2
Rating
Growth Option 04-12-2025
NAV ₹1343.99(R) +0.01% ₹1359.74(D) +0.02%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular 7.27% 7.33% 5.96% -% -%
Direct 7.51% 7.57% 6.2% -% -%
Benchmark
SIP (XIRR) Regular 6.88% 7.32% 6.06% -% -%
Direct 7.13% 7.57% 6.3% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
6.45 33.89 0.74 6.4% 0.24
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
0.24% 0.0% 0.0% 0.06 0.15%
Fund AUM As on: 30/06/2025 1718 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
Baroda BNP Paribas Ultra Short Duration Fund 4
Hdfc Ultra Short Term Fund 5

NAV Date: 04-12-2025

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Ultra Short Duration Fund Regular IDCW 1343.5
0.1900
0.0100%
Mirae Asset Ultra Short Duration Fund Regular Growth 1343.99
0.1900
0.0100%
Mirae Asset Ultra Short Duration Fund Direct IDCW 1359.46
0.2100
0.0200%
Mirae Asset Ultra Short Duration Fund Direct Growth 1359.74
0.2100
0.0200%

Review Date: 04-12-2025

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 Mirae Asset Ultra Short Duration Fund has shown an excellent past performence in Ultra Short Duration Fund. The fund has a Jensen Alpha of 6.4% which is higher than the category average of 5.9%. Here the fund has shown very good performance in terms of risk adjusted returns. The fund has a Sharpe Ratio of 6.45 which is higher than the category average of 4.33.
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 0.5%, 1.59 and 3.28 in last one, three and six months respectively. In the same period the category average return was 0.5%, 1.56% and 3.19% respectively.
  • Mirae Asset Ultra Short Duration Fund has given a return of 7.51% in last one year. In the same period the Ultra Short Duration Fund category average return was 7.33%.
  • The fund has given a return of 7.57% in last three years and ranked 7.0th out of 23 funds in the category. In the same period the Ultra Short Duration Fund category average return was 7.39%.
  • The fund has given a return of 6.2% in last five years and ranked 8th out of 21 funds in the category. In the same period the Ultra Short Duration Fund category average return was 6.16%.
  • The fund has given a SIP return of 7.13% in last one year whereas category average SIP return is 6.97%. The fund one year return rank in the category is 7th in 23 funds
  • The fund has SIP return of 7.57% in last three years and ranks 6th in 23 funds. Aditya Birla Sun Life Savings Fund has given the highest SIP return (7.78%) in the category in last three years.
  • The fund has SIP return of 6.3% in last five years whereas category average SIP return is 6.17%.

Mirae Asset Ultra Short Duration Fund Risk Analysis

  • The fund has a standard deviation of 0.24 and semi deviation of 0.15. The category average standard deviation is 0.25 and semi deviation is 0.15.
  • 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 % 0.48
    0.45
    		0.38 | 0.52 4 | 23 Very Good
    3M Return % 1.53
    1.43
    		1.21 | 1.62 3 | 23 Very Good
    6M Return % 3.17
    2.91
    		2.47 | 3.30 2 | 23 Very Good
    1Y Return % 7.27
    6.77
    		5.48 | 7.59 2 | 23 Very Good
    3Y Return % 7.33
    6.83
    		5.76 | 7.50 2 | 23 Very Good
    5Y Return % 5.96
    5.67
    		4.61 | 6.59 6 | 21 Very Good
    1Y SIP Return % 6.88
    6.40
    		5.28 | 7.23 3 | 23 Very Good
    3Y SIP Return % 7.32
    6.81
    		5.69 | 7.55 2 | 23 Very Good
    5Y SIP Return % 6.06
    5.67
    		4.59 | 6.26 2 | 21 Very Good
    Standard Deviation 0.24
    0.25
    		0.18 | 0.30 9 | 23 Good
    Semi Deviation 0.15
    0.15
    		0.13 | 0.17 13 | 23 Average
    Sharpe Ratio 6.45
    4.33
    		0.29 | 6.45 1 | 23 Very Good
    Sterling Ratio 0.74
    0.69
    		0.58 | 0.75 2 | 23 Very Good
    Sortino Ratio 33.89
    10.43
    		0.12 | 33.89 1 | 23 Very Good
    Jensen Alpha % 6.40
    5.90
    		4.88 | 6.40 1 | 23 Very Good
    Treynor Ratio 0.24
    0.17
    		0.01 | 0.24 1 | 23 Very Good
    Modigliani Square Measure % 22.69
    20.71
    		17.51 | 22.96 2 | 23 Very Good
    Alpha % -0.90
    -1.40
    		-2.40 | -0.76 2 | 23 Very Good
    Return data last Updated On : Dec. 4, 2025.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Oct. 31, 2025
    KPIs: Key Performance Indicators

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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.50 0.50 0.46 | 0.54 10 | 23 Good
    3M Return % 1.59 1.56 1.41 | 1.69 9 | 23 Good
    6M Return % 3.28 3.19 2.99 | 3.42 6 | 23 Very Good
    1Y Return % 7.51 7.33 6.33 | 7.84 7 | 23 Good
    3Y Return % 7.57 7.39 6.47 | 7.73 7 | 23 Good
    5Y Return % 6.20 6.16 5.30 | 7.43 8 | 21 Good
    1Y SIP Return % 7.13 6.97 6.24 | 7.48 7 | 23 Good
    3Y SIP Return % 7.57 7.38 6.46 | 7.78 6 | 23 Very Good
    5Y SIP Return % 6.30 6.17 5.29 | 6.76 7 | 21 Good
    Standard Deviation 0.24 0.25 0.18 | 0.30 9 | 23 Good
    Semi Deviation 0.15 0.15 0.13 | 0.17 13 | 23 Average
    Sharpe Ratio 6.45 4.33 0.29 | 6.45 1 | 23 Very Good
    Sterling Ratio 0.74 0.69 0.58 | 0.75 2 | 23 Very Good
    Sortino Ratio 33.89 10.43 0.12 | 33.89 1 | 23 Very Good
    Jensen Alpha % 6.40 5.90 4.88 | 6.40 1 | 23 Very Good
    Treynor Ratio 0.24 0.17 0.01 | 0.24 1 | 23 Very Good
    Modigliani Square Measure % 22.69 20.71 17.51 | 22.96 2 | 23 Very Good
    Alpha % -0.90 -1.40 -2.40 | -0.76 2 | 23 Very Good
    Return data last Updated On : Dec. 4, 2025.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Oct. 31, 2025
    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
    04-12-2025 1343.9871 1359.7434
    03-12-2025 1343.9045 1359.6509
    02-12-2025 1343.8004 1359.5367
    01-12-2025 1343.5767 1359.3016
    28-11-2025 1343.0816 1358.7737
    27-11-2025 1342.8685 1358.549
    26-11-2025 1342.6156 1358.284
    25-11-2025 1342.3347 1357.9907
    24-11-2025 1342.0397 1357.6833
    21-11-2025 1341.3718 1356.9802
    20-11-2025 1341.2244 1356.822
    19-11-2025 1341.065 1356.6517
    18-11-2025 1340.8517 1356.4268
    17-11-2025 1340.5348 1356.0972
    14-11-2025 1339.9165 1355.4445
    13-11-2025 1339.6996 1355.2159
    12-11-2025 1339.4557 1354.9601
    11-11-2025 1339.1567 1354.6485
    10-11-2025 1338.9404 1354.4206
    07-11-2025 1338.2435 1353.6882
    06-11-2025 1337.9884 1353.4211
    04-11-2025 1337.5801 1352.9896

    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.