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  • Mirae Asset Ultra Short Duration Fund of Income Distribution cum capital wdrl (RIDCW-A)

Formerly Mirae Asset Ultra Short Duration Reg DR

Mirae Asset Ultra Short Duration Fund of Income Distribution cum capital wdrl (RIDCW-A)

Mirae Asset Ultra Short Duration Fund Of Income Distribution Cum Capital Wdrl (Ridcw-a)

DebtUltra Short

1019.808

NAV (May 11)

Scripbox Opinion

Neutral

Click here for top ranked funds in ultra short mutual funds.

However, Scripbox does not recommend investing in ultra short mutual funds.

Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.

Our analysis of this fundLearn how we rate funds ->

Track Record

1 Years. The fund has Insufficient history for analysis. We recommend funds with longer history.

Relative Size

260 Cr. Small within the category

Impact of Interest Rate Changes

Low Interest Rate Risk. The impact on fund value is quite low when interest rates change

Credit Quality Of Fund's Portfolio

Low Credit Risk. The fund has a high credit quality compared to other debt funds

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Short Term Money

Short Term Money

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    Historical growth rate of 6.5% per annum
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    Recommended Duration 1 - 5 years
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    No Lock-in
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    Expert Investing Only, Car, Down Payment

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Scheme Information

Investment 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

Low

Low to Moderate

Moderate

Moderately High

High

Very High

risk-indicator-arrow.svg

Low to Moderate Risk

0.48 %

Expense Ratio

Oct 07, 2020

Launched (1y ago)

₹ 260

AUM in Crores

INF769K01GI0

ISIN

No Lock-in

Lock-in

NIFTY Ultra Short Duration Debt TR INR

Benchmark

₹ 1,000

SIP Minimum

₹ 5,000

Lumpsum Min.

Fund Managers
user-avatar

Mahendra Jajoo

Fund Manager

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Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%₹ 965,796 ₹ 233,18411.25%
EPF70% ₹ 900,761 ₹ 168,1498.50%
Property70% ₹ 867,662 ₹ 135,0507.00%
PPF70% ₹ 869,819 ₹ 137,2077.10%
Bank FD70% ₹ 846,471 ₹ 113,8596.00%
Gold70% ₹ 846,471 ₹ 113,8596.00%
Savings Bank70% ₹ 825,950 ₹ 93,3385.00%

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

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Short Term Money

Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

  • Inflation beating returns
    Inflation beating returns
  • Expert Investing Only, Car, Down Payment
    Expert Investing Only, Car, Down Payment
  • One click investing  tracking
    One click investing tracking
comparison

Comparison with Debt Funds

Kotak Savings Fund (G)

Kotak Savings Fund (G)

Ultra Short

Recommended

Top Ranked

17 Years

Age

5

Track Record

Aditya Birla Sun Life Liquid (G)

Aditya Birla Sun Life Liquid (G)

Liquid

Recommended

Top Ranked

17 Years

Age

5

Track Record

SBI Magnum Ultra Short Duration Fund (G)

SBI Magnum Ultra Short Duration Fund (G)

Ultra Short

Recommended

Top Ranked

22 Years

Age

5

Track Record

Nippon India Liquid Fund (G)

Nippon India Liquid Fund (G)

Liquid

Recommended

Top Ranked

18 Years

Age

5

Track Record

ICICI Prudential Savings Fund (G)

ICICI Prudential Savings Fund (G)

Low Duration

Recommended

Top Ranked

19 Years

Age

5

Track Record

amc-icon

About the AMC

Mirae Asset Global Inv (India) Pvt. Ltd

Mirae Asset Investment Managers (India) Private Limited manages assets worth 73,857 crores and was set up on 20 November 2006. It's current offering of mutual fund schemes includes 29 equity,36 debt and 9 hybrid funds.

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    022-67800300
  • mail-amc-about
    customercare@miraeasset.com
  • Mirae Asset Tax Saver Fund (G)

    Mirae Asset Tax Saver Fund (G)

    Tax Saving

    Recommended

    Top Ranked

    ₹ 7,251 Cr

    Fund Size

    16.2%

    3Y returns

    Mirae Asset Large Cap Fund (G)

    Mirae Asset Large Cap Fund (G)

    Large Cap

    Recommended

    Top Ranked

    ₹ 23,993 Cr

    Fund Size

    11.7%

    3Y returns

    Mirae Asset Tax Saver Fund of Income Distribution cum capital withdrawal (PIDCW-A)

    Mirae Asset Tax Saver Fund of Income Distribution cum capital withdrawal (PIDCW-A)

    Tax Saving

    Top Ranked

    ₹ 7,251 Cr

    Fund Size

    15.5%

    3Y returns

    Mirae Asset Large Cap Fund of Income Distribution cum capital withdrawal (PIDCW-A)

    Mirae Asset Large Cap Fund of Income Distribution cum capital withdrawal (PIDCW-A)

    Large Cap

    Top Ranked

    ₹ 23,993 Cr

    Fund Size

    10.3%

    3Y returns

    Mirae Asset Large Cap Fund of Income Distribution cum capital withdrawal (RIDCW-A)

    Mirae Asset Large Cap Fund of Income Distribution cum capital withdrawal (RIDCW-A)

    Large Cap

    Top Ranked

    ₹ 23,993 Cr

    Fund Size

    10.3%

    3Y returns

    growth

    Short Term Money

    Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

    • graph-icon-gray
      Historical growth rate of 6.5% per annum
    • graph-icon-gray
      Recommended Duration 1 - 5 years
    • graph-icon-gray
      No Lock-in
    • graph-icon-gray
      Expert Investing Only, Car, Down Payment
    • graph-icon-gray
      One-click investing and tracking
    • graph-icon-gray
      Zero fees for all your investments
    Kotak Savings Fund (Growth)

    Kotak Savings Fund (Growth)

    Debt

    Ultra Short

    ICICI Prudential Savings Fund (Growth)

    ICICI Prudential Savings Fund (Growth)

    Debt

    Low Duration

    Tata Liquid Fund (Growth)

    Tata Liquid Fund (Growth)

    Debt

    Liquid

    How does Scripbox rate funds?

    Proprietary system to rate mutual funds

    We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.

    What Scripbox recommendations mean?
    Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Relative Size

    Relative Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Category View

    Category View

    We check if the sub-category of the fund is recommended by us.

    Consistency Of Performance

    Consistency Of Performance

    Consistency of performance over various tenures is analysed for a relative performance stack.

    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Relative Size

    Relative Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Impact of Interest Rates

    Impact of Interest Rates

    We check the relative interest rate risk of the sub-category of the fund. Lower the better.

    Credit Quality Of Fund’s Portfolio

    Credit Quality Of Fund’s Portfolio

    We check the relative interest rate risk of the sub-category of the fund. Lower the better.

    Equity Funds

    Debt Funds

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    About Mirae Asset Ultra Short Duration Fund of Income Distribution cum capital wdrl (RIDCW-A)

    About Mirae Asset Ultra Short Duration Fund of Income Distribution cum capital wdrl (RIDCW-A)

    Mirae Asset Ultra Short Duration Fund of Income Distribution cum capital wdrl (RIDCW-A) is a ultra short debt fund and has delivered an annualised return of 2.0% over a period of 1 years .The fund was previously known as Mirae Asset Ultra Short Duration Reg DR.The fund is managed by Mirae Asset Investment Managers (India) Private Limited.The fund manager’s name is Mahendra Jajoo.

    Mirae Asset Ultra Short Duration Fund of Income Distribution cum capital wdrl (RIDCW-A) Investment 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 However, there is no assurance that the objective of the scheme will be realized.

    Mirae Asset Ultra Short Duration Fund of Income Distribution cum capital wdrl (RIDCW-A) NAV,AUM,Risk

    The Mirae Asset Ultra Short Duration Fund of Income Distribution cum capital wdrl (RIDCW-A) fund was launched on Oct 07, 2020. The NAV (Net Asset Value) of this ultra short debt as of 2021-05-11 is ₹ 1019.808. The total AUM (Asset Under Management) of the fund as of 2021-05-12 is ₹ 259.363. The category risk of the Mirae Asset Ultra Short Duration Fund of Income Distribution cum capital wdrl (RIDCW-A) fund is Low to Moderate Risk. The fund charges 0.48 % as expense ratio.

    Mirae Asset Ultra Short Duration Fund of Income Distribution cum capital wdrl (RIDCW-A) Holdings

    The fund’s highest allocation is towards others and has invested 76.3% in this asset class. The top three holdings of the fund are power grid corporation of india limited,7.94% govt stock 2021 and national highways authority of india

    Mirae Asset Ultra Short Duration Fund of Income Distribution cum capital wdrl (RIDCW-A) SIP

    The minimum SIP (Systematic Investment Plan) amount for this is ₹ 1000 and you can increase this in multiples of ₹ 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 5000.

    Mirae Asset Ultra Short Duration Fund of Income Distribution cum capital wdrl (RIDCW-A) Investment volatility and Horizon

    This fund is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to NIFTY Ultra Short Duration Debt TR INR.

    Mirae Asset Ultra Short Duration Fund of Income Distribution cum capital wdrl (RIDCW-A) Review

    Mirae Asset Ultra Short Duration Fund of Income Distribution cum capital wdrl (RIDCW-A) has a score of 2 on a scale of 5. The fund scores 1 out of 5 based on historical performance. As compared to the other funds in its category, Mirae Asset Ultra Short Duration Fund of Income Distribution cum capital wdrl (RIDCW-A) has a score of 2 out of 5. The credit risk of the fund is 4 out of 5 as compared to other debt funds.

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