MIRAE ASSET
ULTRA SHORT DURATION FUND - (MAUSF)
(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 (*please refer to page no.33 of SID)
A relatively low interest rate risk and moderate credit risk
| Type of Scheme | 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 (*please refer to page no.33 of SID A relatively low interest rate risk and moderate credit risk |
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| 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. |
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Fund Manager** |
Mr. Mahendra Jajoo - (since inception) Allotment Date |
07th October, 2020 Benchmark Index |
NIFTY Ultra Short Duration Debt Index Minimum Investment |
Amount ₹ 5,000/- and in multiples of ₹ 1/-thereafter. Minimum Additional Application Amount: ₹1,000/- per application and in multiples of ₹ 1/- thereafter. Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019) Monthly and Quarterly: ₹ 1000/- (multiples of ₹ 1/- thereafter), minimum 5 in case of Monthly or 3 in case of Quarterly option. Load Structure |
Entry load: NA Exit load: Nil Plans Available |
Regular Plan and Direct Plan Options Available |
Growth Option and IDCW^ Option (Payout & Re-investment) Monthly Average AUM (₹ Cr.) as on November 30, 2021 |
247.72 Net AUM (₹ Cr.) |
239.69 Monthly Avg. Expense Ratio |
(Including Statutory Levies) as on November 30, 2021 Regular Plan: 0.47% Direct Plan: 0.26% **For experience of Fund Managers Click Here |
^Pursuant to Notice cum addendum dated March 27, 2021 the nomenclature of dividend option has been changed w.e.f. April 01, 2021. |
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| NAV: | Direct | Regular |
| Growth | ₹ 1,043.2776 | ₹ 1,040.3639 |
| IDCW | ₹ 1,043.3577 | ₹ 1,040.0326 |
| Weighted Average Maturity | 95.77 Days |
| Modified Duration | 0.26 Years |
| Macaulay Duration | 0.26 Years |
| Yield to Maturity | 3.82% |
| Portfolio Holdings | % Allocation | |
| Commercial Paper | ||
| IIFL Wealth Prime Ltd (25/02/2022) | 8.25% | |
| Export Import Bank of India (30/12/2021) | 6.24% | |
| Reliance Industries Ltd (28/02/2022) | 6.20% | |
| Godrej Agrovet Ltd (16/03/2022) | 6.19% | |
| NABARD (12/01/2022) | 4.16% | |
| L&T Finance Ltd (12/01/2022) | 4.15% | |
| Network18 Media & Investments Ltd (25/02/2022) | 4.14% | |
| Commercial Paper Total | 39.33% | |
| Treasury Bill | ||
| 364 Days Tbill (24/02/2022) | 6.21% | |
| 364 Days Tbill (03/03/2022) | 6.20% | |
| 364 Days Tbill (17/03/2022) | 6.19% | |
| 364 Days Tbill (30/03/2022) | 4.12% | |
| 182 Days Tbill (28/04/2022) | 2.05% | |
| Treasury Bill Total | 24.78% | |
| Corporate Bond | ||
| 9.25% Manappuram Finance Ltd (14/02/2022) | 4.21% | |
| 6.6% REC Ltd (21/03/2022) | 4.20% | |
| 7.17% National Highways Auth Of Ind (23/12/2021) | 4.18% | |
| 7.35% Power Finance Corporation Ltd (15/10/2022) | 2.13% | |
| 8.58% Housing Development Finance Corporation Ltd (18/03/2022) | 2.11% | |
| 7.6653% L&T Finance Ltd (18/03/2022) | 2.11% | |
| Corporate Bond Total | 18.95% | |
| Certificate of Deposit | ||
| RBL Bank Ltd (28/02/2022) | 5.37% | |
| IDFC First Bank Ltd (14/03/2022) | 4.13% | |
| Certificate of Deposit Total | 9.50% | |
| Government Bond | ||
| 8.15% GOI (11/06/2022) | 6.40% | |
| Government Bond Total | 6.40% | |
| Cash & Other Receivables Total | 1.04% | |
| Total | 100.00% | |
| Returns (in%) | ||||
| 1 Yr | SI | |||
| MAUSDF | 3.39 |
3.51 |
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| Scheme Benchmark* | 3.87 |
3.96 |
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| Additional Benchmark** | 3.49 |
3.56 |
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| NAV as on 30th November, 2021 | 1,040.3639 | |||
| Index Value (30th November, 2021) | Index Value of benchmark is 4,372.40 and CRISIL 1 Year T-Bill is 6,246.02 | |||
| Allotment Date | 07th October, 2020 | |||
| Scheme Benchmark | *Nifty Ultra Short Duration Debt Index | |||
| Additional Benchmark | **CRISIL 1 Year T-Bill | |||
Note:1. Different Plans under the scheme has different expense structure. The reference and details provided herein are of Regular Plan - Growth Option
2. Fund manager : Mr. Mahendra Jajoo managing the scheme since 07th October, 2020.
This product is suitable for investors who are seeking*
. Income over a short term investment horizon
. Investment in debt & money market securities with portfolio Macaulay duration between 3 months and 6 months
• Degree of risk - Moderate
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
Past Performance may or may not be sustained in future.
Note : For computation of since inception returns (%) the allotment NAV has been taken as ₹ 1000. The performance of other funds managed by the same fund manager is given in the respective page of the schemes and on 