Mirae Asset Ultra Short Duration Fund(G)-Direct Plan
View the regular plan of this scheme
Rs 1305.4693 0.1354(0.01 %) NAV as on 25 Apr 2025
Scheme 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.
Performance (As on 25 Apr 2025)
1 week returns | 3 month returns | 6 month returns | 1 year returns | 3 year returns | 5 year returns | Returns since inception | |
---|---|---|---|---|---|---|---|
Scheme | 0.16 % | 2.21 % | 4.05 % | 8.07 % | 7.18 % | N/A | 6.03 % | >
Portfolio
Ultra-short duration debt funds invest in debt instruments such as commercial paper, certificate of deposits, treasury bills and other money market instruments. They maintain an average portfolio maturity of around 6 months. These funds may deliver losses on a day-to-day basis but are generally low volatile. While most funds pick instruments that have a high credit rating, some can go into papers with lower credit ratings in order to deliver higher return.
These funds suit any investor with investment horizons of 6 months to a year. Ensure that funds do not have a high share of low-rated debt. These funds can also be used to maintain emergency money as well.