Rating : N/A
Mirae Asset Ultra Short Duration Fund Regular Growth
Ultra Short Duration Fund
Fund Type
Open Ended
Investment Plan
Growth
Expense Ratio
0%
Asset Size
227.62 Cr.
(As of 15 Jun, 2022)
Benchmark
NIFTY Ultra Short Duration Debt TR INR
Riskometer
Investors understand that their principal will be at Risk.
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
Fund manager
Mahendra Jajoo
Exit load
N / A
Minimum sip
₹0
Minimum investment
₹5000
Top Holdings
This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.
Company
Assets
Reliance Industries Limited
5.08%
8.15% Govt Stock 2022
5.08%
182 Dtb 04052022
5.03%
182 Dtb 07072022
5.00%
Sector Allocation
About the Scheme Type
Ultra Short Duration Mutual Funds invest in very short term debt securities with a small portion in longer term debt securities. Ultra Short Duration Mutual Fund maybe used by investors for both short term needs as well as Systematic Transfer Plans (STPs) as they hep investors avoid interest rate risks and offer better returns than most money market instruments. They invest in securities with a maturity period of both greater and less than 91 days and the typical investment horizon ranges from 1 week to 18 months. The returns from these attract capital gains which are taxable.
Ratings
This fund is rated 0 stars by Morning Star Ratings.
N/A
Overview of Mirae Asset Global Inv (India) Pvt. Ltd
Mirae Asset was founded in 1997 in the wake of the Asian financial crisis with a vision of and dedication to serving clients in a way to help them build wealth for life with proven investment strategies.
As on 12th March 2019, Mirae Asset Management’s AUM (Assets under Management) had crossed the important threshold of Rs 25,000 Cr (Rs 22,000 in equity and Rs 3,100 in debt),
witnessing a growth of over 50% in calendar year 2018.
- Mirae Asset Global Investments (India) Pvt. Ltd. was established in India, in November 2007, with a seed capital of US$ 50 million
- Mirae Asset Mutual Fund is sponsored by Mirae Asset Global Investments Co. Limited, South Korea
- Mirae Asset present in India as a Foreign Institutional Investor (FII) since 2004
- Mirae Asset Global Investments India provides advisory services to Hong Kong & Korean offices
- Mix of domestic and international businesses providing stable growth for Mirae Asser India business