Mirae Asset Ultra Short-Term Fund

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

NAV₹1,432.7653as on 25 Sep 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	0.52	1.76	3.67	6.71	7.43	6.68	—	—	6.22
Ultra Short Duration category median	—	—	—	6.36	7.26	6.58	—	6.74	—

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	0.3%	2.72	11.12	—	—	-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
239	3.6%	7.0%	8.1%	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	87.79%
Cash & Equivalents	10.71%
REITs / InvITs	1.21%
AIF Units	0.29%

By market cap

Unclassified	182.41%

Concentration

Number of stocks	49
Top 5 stocks	22.34%
Top 10 stocks	34.44%
Top 20 stocks	56.84%
Lines in the filing	51

Largest holding	6.65%
Largest sector	CRISIL A1+ 48.95%
Effective stocks	43.3
Sectors held	13
Cash	10.71%

Effective stocks is what the concentration works out to: a fund holding 49 names but most of its money in a few behaves like a fund of 43. Cash includes repo and TREPS, which every fund parks money in overnight.

Sector split

CRISIL A1+	48.95%
CRISIL AAA	14.52%
Cash & Equivalents	10.71%
[ICRA]AA+	6.05%
CRISIL AA	3.28%
[ICRA]AA	2.91%
[ICRA]AAA	2.66%
IND AA	2.42%
CRISIL AA+	2.17%
CARE AA-	1.94%
Sovereign	1.70%
IND AA+	1.21%
IND AA-	1.20%
Unclassified	0.29%

Mirae Asset Ultra Short-Term Fund

Direct Plan · Growth · holdings

Top 30 holdings

#	Company	Sector	Shares held	Value ₹ cr	% of fund
1	TREPS	Unclassified	—	226	10.94%
2	HDFC Bank Ltd. (MD 14/12/2026)	CRISIL A1+	14,000,000	137	6.65%
3	Punjab National Bank (MD 10/02/2027)	CRISIL A1+	12,500,000	121	5.88%
4	8.55% Motilal Oswal Home Finance Ltd. (MD 07/01/2027)	[ICRA]AA+	7,500,000	75	3.63%
5	National Bank for Agriculture and Rural Development (MD 26/02/2027)	CRISIL A1+	7,500,000	73	3.51%
6	7.64% REC Ltd. (MD 30/04/2027)	[ICRA]AAA	5,500,000	55	2.66%
7	7.60% Power Finance Corporation Ltd. (MD 20/02/2027)	CRISIL AAA	5,000,000	50	2.43%
8	8.33% Tata Projects Ltd. (MD 24/06/2027)	IND AA	5,000,000	50	2.42%
9	7.22% Export-Import Bank of India (MD 03/08/2027)	CRISIL AAA	5,000,000	50	2.42%
10	8.02% Cholamandalam Investment & Finance Co. Ltd. (MD 27/02/2029)	[ICRA]AA+	5,000,000	50	2.42%
11	7.34% Mahindra & Mahindra Financial Services Ltd. (MD 18/05/2029)	CRISIL AAA	5,000,000	50	2.41%
12	Small Industries Development Bank of India (MD 04/12/2026)	CRISIL A1+	5,000,000	49	2.38%
13	Export-Import Bank of India (MD 25/01/2027)	CRISIL A1+	5,000,000	49	2.36%
14	Tata Capital Housing Finance Ltd. (MD 03/02/2027)	CRISIL A1+	5,000,000	49	2.35%
15	Indian Bank (MD 09/02/2027)	CRISIL A1+	5,000,000	49	2.35%
16	National Bank for Agriculture and Rural Development (MD 18/03/2027)	CRISIL A1+	5,000,000	48	2.33%
17	Indian Bank (MD 21/06/2027)	CRISIL A1+	5,000,000	47	2.29%
18	7.79% Small Industries Development Bank of India (MD 19/04/2027)	CRISIL AAA	4,500,000	45	2.18%
19	8.42% Muthoot Finance Ltd. (MD 26/07/2029)	CRISIL AA+	4,500,000	45	2.17%
20	Indian Bank (MD 12/01/2027)	CRISIL A1+	4,350,000	42	2.06%
21	9.25% Indostar Capital Finance Ltd. (MD 24/01/2028)	CARE AA-	4,000,000	40	1.94%
22	8.65% Aadhar Housing Finance Ltd. (MD 20/08/2027)	[ICRA]AA	3,500,000	35	1.70%
23	8.60% Manappuram Finance Ltd. (MD 27/03/2028)	CRISIL AA	3,300,000	33	1.59%
24	364 Days Treasury Bills (MD 17/09/2026)	Sovereign	3,000,000	30	1.45%
25	7.34% TATA Capital Ltd. (MD 21/02/2029)	CRISIL AAA	3,000,000	30	1.45%
26	National Bank for Agriculture and Rural Development (MD 14/01/2027)	CRISIL A1+	3,000,000	29	1.42%
27	Small Industries Development Bank of India (MD 11/06/2027)	CRISIL A1+	3,000,000	28	1.37%
28	8.00% Tata Capital Housing Finance Ltd. (MD 03/11/2027)	CRISIL AAA	2,500,000	25	1.21%
29	7.18% Power Finance Corporation Ltd. (MD 20/01/2027)	CRISIL AAA	2,500,000	25	1.21%
30	7.05% Embassy Office Parks Reit (MD 18/10/2026)	CRISIL AAA	2,500,000	25	1.21%

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	₹719,302	₹119,302	7.19%

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 27 Sep 2026.