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(Erstwhile known as Mirae Asset Ultra Short Duration Fund )
Aim to Power your short term goals
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.
Investment will primarily be made in short maturity papers along with tactical exposure to Government Securities (T-bills)
The endeavor will be to have a portfolio of high quality and low interest rate sensitive debt securities.
Macaulay duration of the portfolio shall be between 3 months and 6 months.
Attempts to offer better risk reward opportunity over other traditional alternatives in short term period
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. A relatively low interest rate risk and moderate credit risk.
Mr. Basant Bafna (Since 16th Jan, 2023)
7th October 2020
Nifty Ultra Short Duration Debt Index A-I
For NFO period, Rs.5,000/- and in multiples of Re. 1/- thereafter.
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Regular Plan and Direct Plan
Growth Option and IDCW (Payout / Reinvestment)
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Click here to view the latest TER.
3-6 months
Invest in short term papers of 3-6 months
Savings
Mirae Asset Debt Investment Process and Philosophy
Since 16th Jan, 2023
Product Labelling for Mirae Asset Ultra Short Duration Fund. The fund is suitable for investors who are seeking income over an ultra short term investment horizon, through investment in debt and money market securities with portfolio Macaulay duration between 3 months to 6 months. Investors should consult their financial advisors if they are not clear about the suitability of the product. The Scheme Riskometer shows that the risk of the scheme is Low to Moderate. The riskometer is a semicircular gauge divided into six color-coded zones: Low Risk (dark green), Low to Moderate Risk (light green), Moderate Risk (yellow), Moderately High Risk (brown), High Risk (orange) and Very High Risk (red). The needle of the scheme riskometer points to the Low to Moderate Risk zone. The Scheme Benchmark, as per the AMFI Tier 1 Benchmark, is the Nifty Ultra Short Duration Debt Index A-I. The Benchmark Riskometer also has its needle pointing to the Low to Moderate Risk zone, which shows that the risk of the benchmark is Low to Moderate.
This Product label is suitable for investors who are seeking:
Income over ultra short term investment horizon
Investment in debt and money market securities with portfolio Macaulay duration between 3 months to 6 months
*Investors should consult their financial advisers if in doubt about whether the Scheme is suitable for them
Potential Risk Class Matrix (PRC)
| Credit Risk → Interest Rate Risk↓ | Relatively Low (Class A) | Moderate (Class B) | Relatively High (Class C) |
|---|---|---|---|
| Relatively Low (Class I) | B-I | ||
| Moderate (Class II) | |||
| Relatively High (Class III) |
View Performance of the funds managed by the Fund Manager
How to achieve your goal
| Name | Allocation | |
| CERTIFICATE OF DEPOSIT | ||
| 1 | Canara Bank | 5.48% |
| 2 | Axis Bank Limited | 3.70% |
| COMMERCIAL PAPER | ||
| 1 | National Bank For Agriculture and Rural Development | 3.65% |
| 2 | Export Import Bank of India | 3.64% |
| CORPORATE BOND | ||
| 1 | Reliance Industries Limited | 5.63% |
| 2 | Jamnagar Utilities & Power Private Limited | 3.79% |
| GOVERNMENT BOND | ||
| 1 | 8.15% GOI (MD 11/06/2022) | 5.62% |
*Data as on 31st March, 2022.
