What is the NAV of Mirae Asset Ultra Short-Term Fund?

₹1,438.25 per unit as of 19 Oct 2026 (Direct plan, growth). NAV is declared daily on working days.

What is the expense ratio of Mirae Asset Ultra Short-Term Fund?

0.23% a year for the Direct plan, as of 31 Aug 2026.

How large is Mirae Asset Ultra Short-Term Fund?

₹1,808 crore under management as of 30 Sept 2026, in the Ultra Short Duration Fund category.

How risky is Mirae Asset Ultra Short-Term Fund?

Its SEBI Riskometer reading is "Low to Moderate Risk". Three months to three years of lending. Where sensible near-term money quietly sits.

What are the 5-year returns of Mirae Asset Ultra Short-Term Fund?

6.73% a year over the last 5 years (Direct plan, CAGR). Past returns do not predict future returns.

What is the worst 3-year return of Mirae Asset Ultra Short-Term Fund?

6.4% a year – the weakest of 25 overlapping 3-year holding periods, beginning 1 Oct 2021. The median was 7.4% and 100% of those windows ended positive. Windows overlap, so this is the range of past start dates, not a probability.

Who manages Mirae Asset Ultra Short-Term Fund?

Basant Bafna, managing this fund for 3.7 years.

Mirae Asset Ultra Short-Term Fund

Mirae Asset Mutual FundDirectOpen-endedUltra Short Duration FundRiskometer: Low to Moderate Risk

NAV

₹1,438.25

as of 19 Oct 2026

Mirae Asset Ultra Short-Term Fund is an open-ended Ultra Short Duration Fund scheme from Mirae Asset Mutual Fund managing ₹1,808 crore (as of 30 Sept 2026). Its Direct-plan NAV is ₹1,438.25 as of 19 Oct 2026. The expense ratio is 0.23% a year. Managed by Basant Bafna. This page is factual data only – it carries no rating and no recommendation.

Key facts

Expense ratio: 0.23% / yr; as of 31 Aug 2026
Fund size: ₹1,808 crore; as of 30 Sept 2026
Exit load: None
SIP available: Yes
Launched: 7 Oct 2020
ISIN: INF769K01GK6

₹100 invested, fund vs category

The category line is the average of the funds in this category, built from nyvo’s own NAV data.

Rebased to 100data to 19 Oct 2026

Oct 2021Oct 2026

Mirae Asset Ultra Short-Term Fund

₹138

+38% on ₹100 over 5.0 yrs

Ultra Short Duration Fund average

₹137

+37% on ₹100 over 5.0 yrs

Returns vs category

Window	Fund	Category avg	Gap
3 months	1.53%	–	–
6 months	3.27%	–	–
1 year	6.57%	–	–
3 years (CAGR)	7.38%	–	–
5 years (CAGR)	6.73%	–	–

No category average is available for this fund. Short windows are noise; the 3 and 5-year rows are the record. Past returns do not predict future returns.

Risk, measured

Sharpe ratio (3Y): 2.22
Sharpe ratio (5Y): 1.63
Sortino ratio (3Y): 6.94 vs category 2.60
Standard deviation (3Y): 0.46%

Where the money actually is

Bonds

57.7%

Cash

42.0%

Other

0.3%

Whole-portfolio split, as of 30 Sept 2026.

What it owns

56 positions · top 10 = 17.3%

Top holdings

Motilal Oswal Home Finance Limitedmatures 7 Jan 20274.15%
National Bank For Agriculture And Rural Developmentmatures 26 Feb 20274.03%
HDFC Bank Limitedmatures 3 Dec 20274.02%
Small Industries Development Bank Of Indiamatures 25 Mar 20274.01%
Rec Limitedmatures 30 Apr 20273.04%
Rural Electrification Corporation Limitedmatures 12 Mar 20272.77%
Power Finance Corporation Limitedmatures 20 Feb 20272.77%
Rec Limitedmatures 26 Feb 20272.77%
Cholamandalam Investment And Finance Company Limitedmatures 27 Feb 20292.77%
Mahindra And Mahindra Financial Services Limitedmatures 18 May 20292.76%

Holdings as of 30 Sept 2026. Portfolio turnover 437.9% a year.

Exposure figures are gross: funds that use derivatives (arbitrage, hedged books) hold offsetting positions, so concentration and turnover can read above 100%.

The debt it holds

Yield to maturity: 7.09% vs category 6.85%
Modified duration: 0.46 yrs vs category 0.70 yrs
Average maturity: 0.74 yrs vs category 0.71 yrs
Average coupon: 7.33%
Government securities: 14.9%

Credit quality

AAA: 76.2%
AA: 23.8%

Government securities are counted inside AAA by the data provider’s ladder; the sovereign share is listed separately above. Credit quality as of 31 Aug 2026.

Portfolio characteristics as of 30 Sept 2026. Yield to maturity is what the portfolio would return if every holding were held to maturity and paid in full. It is not a forecast of the fund’s return, and it is quoted before expenses.

Money in, money out

Net flow, 12 months: +₹111 cr
Net flow, 3 months: +₹314 cr

as of 30 Sept 2026. Flows follow performance more than they predict it.

Quick answers

What is the NAV of Mirae Asset Ultra Short-Term Fund?: ₹1,438.25 per unit as of 19 Oct 2026 (Direct plan, growth). NAV is declared daily on working days.
What is the expense ratio of Mirae Asset Ultra Short-Term Fund?: 0.23% a year for the Direct plan, as of 31 Aug 2026.
How large is Mirae Asset Ultra Short-Term Fund?: ₹1,808 crore under management as of 30 Sept 2026, in the Ultra Short Duration Fund category.
How risky is Mirae Asset Ultra Short-Term Fund?: Its SEBI Riskometer reading is "Low to Moderate Risk". Three months to three years of lending. Where sensible near-term money quietly sits.
What are the 5-year returns of Mirae Asset Ultra Short-Term Fund?: 6.73% a year over the last 5 years (Direct plan, CAGR). Past returns do not predict future returns.
What is the worst 3-year return of Mirae Asset Ultra Short-Term Fund?: 6.4% a year – the weakest of 25 overlapping 3-year holding periods, beginning 1 Oct 2021. The median was 7.4% and 100% of those windows ended positive. Windows overlap, so this is the range of past start dates, not a probability.
Who manages Mirae Asset Ultra Short-Term Fund?: Basant Bafna, managing this fund for 3.7 years.

Where this fund sits

Its shelf, all funds

Sd · Short duration →

Three months to three years of lending. Where sensible near-term money quietly sits.

The money map

How big this shelf is in India →

The whole industry sized by real money, from AMFI’s monthly data.

Side by side

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Other Ultra Short Duration Fund funds

Data: nyvo research systems; each block above states its own as-of date, and blocks with no data for this fund are omitted rather than estimated. NAV updates daily on working days. This page is factual information about one scheme. It is not investment advice, not a recommendation, and it carries no rating of any kind. Past performance does not predict future returns. Mutual fund investments are subject to market risks; read all scheme related documents carefully.