Mirae Asset Ultra Short-Term Fund
Open in live screener →Key metrics
Further reading: Median maximum drawdown by fund category, measured across 1,767 funds
Trailing returns
| Period | 1W | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
|---|---|---|---|---|---|---|---|---|---|
| Return | -0.05% | 0.27% | 1.45% | 3.16% | 6.47% | 7.34% | 6.70% | – | – |
NAV history
About this fund
Mirae Asset Ultra Short-Term Fund is a debt fund offered by Mirae Asset Mutual Fund, classified under Debt as Debt Scheme - Ultra Short Duration Fund. Debt funds are sensitive to interest-rate moves and the credit quality of holdings. Its latest NAV is ₹1,436.85.
Further reading: What a category rank actually tells you
Performance analysis
Over the trailing one year, Mirae Asset Ultra Short-Term Fund has recorded a return of about 6.5%, with a three-year return of 7.3% and a five-year return of 6.7%. Its annualised volatility is 0.3% — relatively low fluctuations — and its Sharpe ratio is -0.09, a measure of return per unit of risk taken.
Further reading: Reading a fund page: what each number does and doesn't say
Rolling returns
| Window | Avg | Median | Min | Max | % Pos | % >12 |
|---|---|---|---|---|---|---|
| 1Y | 6.41 | 6.96 | 3.60 | 8.28 | 100% | 0% |
| 3Y | 6.76 | 7.16 | 5.04 | 7.63 | 100% | 0% |
| 5Y | 6.41 | 6.40 | 6.13 | 6.74 | 100% | 0% |
Further reading: Why a single trailing return misleads, measured across 830 funds
Frequently asked questions
Compare with peers
Further reading: Every fund measured against the best performer in its own category
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y | TER % |
|---|---|---|---|---|---|---|---|---|
| ITI Ultra Short Term Fund Debt Scheme - Ultra Short Duration Fund | 0.28 | 1.39 | 2.95 | 6.26 | 7.00 | 6.40 | – | 0.17 |
| Sundaram Ultra Short Term Fund Debt Scheme - Ultra Short Duration Fund | 0.31 | 1.50 | 3.15 | 6.38 | 7.21 | – | – | – |
| Franklin India Ultra Short Term Fund Debt Scheme - Ultra Short Duration Fund | 0.28 | 1.44 | 3.03 | 6.30 | – | – | – | – |
| Union Short Term Fund Debt Scheme - Ultra Short Duration Fund | -0.30 | 0.25 | 2.03 | 3.80 | – | – | – | – |
| Edelweiss Ultra Short Term Fund Debt Scheme - Ultra Short Duration Fund | 0.27 | – | – | – | – | – | – | – |
| Canara Robeco Ultra Short Term Fund Debt Scheme - Ultra Short Duration Fund | 0.24 | 1.43 | 3.04 | 6.31 | 6.98 | 6.33 | 6.09 | 0.30 |
| DSP Ultra Short Term Fund Debt Scheme - Ultra Short Duration Fund | 0.25 | 1.43 | 3.06 | 6.44 | 7.27 | 6.67 | 6.38 | – |
| BANK OF INDIA ULTRA SHORT TERM FUND Debt Scheme - Ultra Short Duration Fund | 0.23 | 1.37 | 2.93 | 6.26 | 6.84 | 6.23 | 6.43 | – |
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y | TER % |
|---|---|---|---|---|---|---|---|---|
| Mirae Asset Money Market Fund Debt Scheme - Money Market Fund | 0.26 | 1.50 | 3.08 | 6.26 | 7.32 | 6.62 | – | 0.09 |
| Mirae Asset S&P 500 Top 50 ETF Fund of Fund Other Scheme - FoF Domestic | 4.27 | 29.59 | 36.26 | 50.71 | 47.47 | 28.38 | – | 0.02 |
| Mirae Asset Hang Seng TECH ETF Fund of Fund Other Scheme - FoF Domestic | -4.01 | -10.29 | -12.73 | -22.49 | 15.67 | – | – | 0.02 |
| Mirae Asset Nifty India Manufacturing ETF Fund of Fund Other Scheme - FoF Domestic | -7.30 | -7.85 | -5.48 | -2.72 | 14.85 | – | – | 0.06 |
| Mirae Asset Nifty SDL Jun 2027 Index Fund Index Funds - Debt Funds | 0.17 | 1.05 | 2.74 | 5.68 | 7.60 | – | – | 0.20 |
| Mirae Asset Balanced Advantage Fund Hybrid Scheme - Balanced Advantage Fund | -2.82 | -2.34 | -1.44 | 0.17 | 9.44 | – | – | 0.61 |
| Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FOF Other Scheme - FoF Overseas | -15.03 | -17.64 | -20.75 | 5.12 | 15.40 | – | – | 0.09 |
| Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Other Scheme - FoF Overseas | -8.06 | 1.28 | 13.85 | 30.33 | 38.85 | – | – | 0.10 |