Mirae Asset Ultra Short-Term Fund

Direct Plan · Growth · Ultra Short Duration · Scheme code 148529

NAV₹1,438.5565as on 27 Oct 2026

Fund houseMirae Asset Mutual Fund

CategoryUltra Short Duration

Plan & optionDirect · Growth

History5.9 years

Returns (%)

	1M	3M	6M	1Y	3Y	5Y	7Y	10Y	Launch
This scheme	0.54	2.07	3.52	6.65	7.43	6.64	—	—	6.21
Ultra Short Duration category median	—	—	—	6.01	7.17	6.54	—	6.69	—

Over a year annualised (CAGR), under a year absolute. Computed from AMFI's published NAV history for this scheme.

Risk

	Volatility	Sharpe	Sortino	Beta	Alpha	Max fall	R²
This scheme	0.5%	1.99	4.46	—	—	-0.2%	—

Risk-free rate 6.5%. Beta, alpha and R² are regressed on the — months this scheme and its benchmark share.

Growth of ₹100 since launch

Every one-year period it has lived through

Windows	Worst	Median	Best	Periods that lost money
1,184	3.6%	7.1%	8.3%	0%

Every one-year holding period in this scheme's history, not just the last one — the spread a real investor would have met depending only on when they started.

Mirae Asset Ultra Short-Term Fund

Direct Plan · Growth

Allocation

By asset

Debt	100.63%
REITs / InvITs	1.38%
AIF Units	0.33%

By market cap

Unclassified	182.41%

Concentration

Number of stocks	55
Top 5 stocks	19.26%
Top 10 stocks	33.10%
Top 20 stocks	59.64%
Lines in the filing	56

Largest holding	4.15%
Largest sector	CRISIL A1+ 48.63%
Effective stocks	41.0
Sectors held	14
Cash	-2.34%

Effective stocks is what the concentration works out to: a fund holding 55 names but most of its money in a few behaves like a fund of 41. Cash includes repo and TREPS, which every fund parks money in overnight.

Sector split

CRISIL A1+	48.63%
CRISIL AAA	22.13%
[ICRA]AA+	8.30%
Sovereign	3.79%
CRISIL AA+	3.31%
[ICRA]AAA	3.04%
CRISIL AA	2.92%
IND AA	2.76%
IND A1+	2.17%
[ICRA]AA	1.39%
IND AA+	1.38%
IND AA-	1.37%
CARE AA-	0.83%
Unclassified	0.33%

Mirae Asset Ultra Short-Term Fund

Direct Plan · Growth · holdings

Top 30 holdings

#	Company	Sector	Shares held	Value ₹ cr	% of fund
1	8.45% Motilal Oswal Home Finance Ltd. (MD 07/01/2027)	[ICRA]AA+	7,500,000	75	4.15%
2	National Bank for Agriculture and Rural Development (MD 26/02/2027)	CRISIL A1+	7,500,000	73	4.03%
3	HDFC Bank Ltd. (MD 12/03/2027)	CRISIL A1+	7,500,000	73	4.03%
4	Small Industries Development Bank of India (MD 25/03/2027)	CRISIL A1+	7,500,000	73	4.01%
5	7.64% REC Ltd. (MD 30/04/2027)	[ICRA]AAA	5,500,000	55	3.04%
6	7.95% REC Ltd. (MD 12/03/2027)	CRISIL AAA	5,000,000	50	2.77%
7	7.60% Power Finance Corporation Ltd. (MD 20/02/2027)	CRISIL AAA	5,000,000	50	2.77%
8	7.71% REC Ltd. (MD 26/02/2027)	CRISIL AAA	5,000,000	50	2.77%
9	8.02% Cholamandalam Investment & Finance Co. Ltd. (MD 27/02/2029)	[ICRA]AA+	5,000,000	50	2.77%
10	7.34% Mahindra & Mahindra Financial Services Ltd. (MD 18/05/2029)	CRISIL AAA	5,000,000	50	2.76%
11	8.33% Tata Projects Ltd. (MD 24/06/2027)	IND AA	5,000,000	50	2.76%
12	Export-Import Bank of India (MD 25/01/2027)	CRISIL A1+	5,000,000	49	2.71%
13	Tata Capital Housing Finance Ltd. (MD 03/02/2027)	CRISIL A1+	5,000,000	49	2.70%
14	Indian Bank (MD 09/02/2027)	CRISIL A1+	5,000,000	49	2.70%
15	182 Days Treasury Bills (MD 18/03/2027)	Sovereign	5,000,000	49	2.69%
16	Canara Bank (MD 12/03/2027)	CRISIL A1+	5,000,000	49	2.68%
17	National Bank for Agriculture and Rural Development (MD 18/03/2027)	CRISIL A1+	5,000,000	48	2.68%
18	Indian Bank (MD 21/06/2027)	CRISIL A1+	5,000,000	48	2.63%
19	7.79% Small Industries Development Bank of India (MD 19/04/2027)	CRISIL AAA	4,500,000	45	2.49%
20	8.42% Muthoot Finance Ltd. (MD 26/07/2029)	CRISIL AA+	4,500,000	45	2.49%
21	Indian Bank (MD 12/01/2027)	CRISIL A1+	4,350,000	43	2.36%
22	Bank of Baroda (MD 08/01/2027)	IND A1+	4,000,000	39	2.17%
23	8.60% Manappuram Finance Ltd. (MD 27/03/2028)	CRISIL AA	3,300,000	33	1.82%
24	7.34% TATA Capital Ltd. (MD 21/02/2029)	CRISIL AAA	3,000,000	30	1.65%
25	National Bank for Agriculture and Rural Development (MD 14/01/2027)	CRISIL A1+	3,000,000	29	1.63%
26	REC Ltd. (MD 19/03/2027)	CRISIL A1+	3,000,000	29	1.61%
27	Small Industries Development Bank of India (MD 11/06/2027)	CRISIL A1+	3,000,000	29	1.58%
28	9.20% 360 ONE WAM Ltd. (MD 25/07/2028)	[ICRA]AA	2,500,000	25	1.39%
29	8.65% Aadhar Housing Finance Ltd. (MD 20/08/2027)	[ICRA]AA+	2,500,000	25	1.39%
30	7.18% Power Finance Corporation Ltd. (MD 20/01/2027)	CRISIL AAA	2,500,000	25	1.38%

Mirae Asset Ultra Short-Term Fund

Direct Plan · Growth · where the money sits

A ₹10,000 monthly SIP over five years

Invested	Value	Gain	XIRR
₹600,000	₹719,025	₹119,025	7.18%

XIRR, not CAGR — a SIP's money arrives over sixty months, so each instalment has been invested for a different length of time.

Not investment advice. InvestVerdict is not a SEBI-registered Investment Adviser or Research Analyst. Every figure is computed from AMFI's published NAV history and the portfolio the AMC filed with AMFI; none of it is a recommendation to buy, hold or sell. Past returns do not predict future ones. Generated 28 Oct 2026.