View Performance of the funds managed by the Fund Manager
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 (*please refer to page no.35 of SID). 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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3-6 months
Invest in short term papers of 3-6 months
Savings
Mirae Asset Debt Investment Process and Philosophy
Since 16th Jan, 2023
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) |
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.
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If Inflation rate is selected then
futureValue = Future value considering the inflation rate
else
Calculate on current value.
SIPAmount = parseInt(-((Rate of interest / 12) * (-futureValue + (interest amount on loan * 0))) / ((-1 + interest amount on loan) * (1 + (rate of interest / 12))));
Annual Return = (Last NAV of the year - Last NAV of the previous year) / Last NAV of the previous year
For more details, please visit the AMFI website
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