Should I invest in Mirae Asset Ultra Short Term Bond Fund- Monthly Dividend?

We don't give personal investment advice. Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Monthly Dividend is suitable for an investor whose:time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ yearsprimary goal is capital preservation or steady accrual, not high growthtax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 1.5%. 5-year CAGR: 0.10%.

Mirae Asset

Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Monthly Dividend

Latest NAV

₹1,094.8757

As of

10 Jun 2026

3,449 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.13%	+0.07%	+0.06	6 / 24	Q1
1W	+0.48%	+0.32%	+0.16	6 / 24	Q1
2W	+0.71%	+0.52%	+0.19	3 / 24	Q1
1M	+0.54%	+0.32%	+0.22	5 / 24	Q1
3M	+0.55%	+0.81%	-0.26	15 / 24	Q3
6M	+0.48%	+1.44%	-0.96	15 / 24	Q3
YTD	+0.53%	+1.33%	-0.80	16 / 24	Q3
1Y	-0.35%	+3.03%	-3.37	19 / 24	Q4
2Y	+0.19%	+4.04%	-3.85	16 / 24	Q3
3Y	+0.15%	+3.98%	-3.84	17 / 24	Q3
4Y	+0.17%	+3.87%	-3.71	17 / 24	Q3
5Y	+0.10%	+3.64%	-3.55	17 / 24	Q3
7Y	+0.09%	+3.61%	-3.52	20 / 24	Q4
10Y	+0.03%	+2.86%	-2.83	20 / 24	Q4
Inception	+0.50%	+2.54%	-2.04	15 / 23	Q3

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	+0.53%	+1.43%	-0.91	16 / 23
2025	-0.09%	+4.48%	-4.57	23 / 23
2024	+0.05%	+4.47%	-4.42	19 / 23
2023	+0.01%	+3.97%	-3.96	20 / 23
2022	+0.00%	+2.48%	-2.48	20 / 23
2021	-0.03%	+3.17%	-3.20	18 / 23
2020	+0.10%	+3.80%	-3.70	23 / 24
2019	-1.20%	+0.37%	-1.57	17 / 24
2018	+0.07%	+2.13%	-2.06	12 / 24
2017	+0.41%	+1.82%	-1.40	9 / 24
2016	+0.66%	+2.57%	-1.90	8 / 24

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+0.53%

159 windows

min -1.6% · max 6.6%

66% positive

3-Year rolling

+0.29%

134 windows

min -0.4% · max 2.7%

63% positive

5-Year rolling

+0.27%

115 windows

min -0.2% · max 2.4%

57% positive

7-Year rolling

+0.21%

91 windows

min -0.2% · max 1.2%

59% positive

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

0.75%

3-year · annualised

Sharpe ratio

-8.46

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-1.47%

Apr 2025 → May 2026

% positive months

44.4%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Low Duration Fund

Scheme	Fund house	NAV	As of
SBI Short Horizon Debt Fund - Ultra Short Term Fund - Institutional Plan - Daily Dividend	SBI	₹1,432.1319	10 Jun 2026
Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Daily Dividend	Mirae Asset	₹1,005.1646	10 Jun 2026
UTI - Treasury Advantage Fund - Institutional Monthly Dividend Option	UTI	₹1,476.0907	10 Jun 2026
Birla Sun Life Cash Manager-Plan A(Institutional Daily Dividend)	Birla Sun Life	₹100.0000	10 Jun 2026
Reliance Money Manager Fund-Institutional Plan Growth Option	Reliance	₹3,951.8972	10 Jun 2026
Religare Ultra Short Term Fund - Institutional - Growth	Religare	₹3,992.6845	10 Jun 2026

Recent NAVs

Date	NAV
10 Jun 2026	₹1,094.8757
9 Jun 2026	₹1,094.5271
8 Jun 2026	₹1,093.0628
5 Jun 2026	₹1,091.5314
4 Jun 2026	₹1,089.6583
3 Jun 2026	₹1,089.2997
2 Jun 2026	₹1,089.2858
1 Jun 2026	₹1,088.8843
29 May 2026	₹1,088.2032
27 May 2026	₹1,087.2551

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 10 Jun 2026, the NAV of Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Monthly Dividend is ₹1,094.8757. It's a Low Duration Fund from Mirae Asset, run as a Institutional plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Monthly Dividend has NAV history starting from 10 Jun 2008, a track record of about 18 years. Long-tenured funds like this have weathered multiple market cycles — the 2008 crash, 2013 taper tantrum, 2020 COVID drawdown — which makes their returns more credible than a 3-year track record alone.

Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Monthly Dividend is managed by Mirae Asset. It's classified by AMFI under the 'Low Duration Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Monthly Dividend has delivered a absolute return of -0.35% — -3.37 pp behind the Low Duration Fund category average of 3.03%. The fund ranks #19 of 24 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Monthly Dividend has delivered a CAGR of 0.15% — -3.84 pp behind the Low Duration Fund category average of 3.98%. The fund ranks #17 of 24 in its category — the third (Q3) quartile.

Over the trailing 5-year window, Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Monthly Dividend has delivered a CAGR of 0.10% — -3.55 pp behind the Low Duration Fund category average of 3.64%. The fund ranks #17 of 24 in its category — the third (Q3) quartile.

₹1 lakh invested in Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Monthly Dividend exactly 10 years ago would be worth approximately ₹100,345 today — a multiplier of 1.00×, based on the 10-year CAGR of 0.03%. The category average over the same window would have grown ₹1 lakh to ₹132,581.

A ₹10,000 monthly SIP in Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Monthly Dividend over the last 5 years — total invested ₹600,000 — would be worth ₹602,452 today. That's an XIRR (money-weighted annualised return) of 0.16%.

A ₹10,000 monthly SIP for 10 years in Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Monthly Dividend = ₹1,200,000 invested. It would currently be worth ₹1,202,438 (multiplier 1.00×). XIRR: 0.04%. Long-horizon SIP results matter more than point-to-point returns because they smooth out entry timing.

On a 5-year basis, Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Monthly Dividend ranks #17 out of 24 funds in the Low Duration Fund category — that places it in the third quartile (Q3) — below the median. The category average return over the same window is 3.64%; this fund delivered 0.10%.

The worst peak-to-trough decline Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Monthly Dividend has experienced over the last 5-year window is 1.47% — its NAV fell from a high on 23 Apr 2025 to a low on 21 May 2026. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Monthly Dividend averaged 0.27% (best 2.44%, worst -0.24%). 57% of rolling windows ended positive. The 5-year Sharpe ratio is -9.61 — negative risk-adjusted performance.

In calendar year 2025, Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Monthly Dividend returned -0.09% — lagging the Low Duration Fund category average of 4.48% by 4.57 pp. It ranked #23 of 23 in its category that year.

Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Monthly Dividend is classified as a Debt fund. For units acquired on or after 1 April 2023, all gains are taxed at your income-tax slab rate regardless of holding period — there's no LTCG concession or indexation. For pre-April-2023 units, the old rules with indexation still apply on long-term gains.

We don't give personal investment advice. Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Monthly Dividend is suitable for an investor whose:

time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ years
primary goal is capital preservation or steady accrual, not high growth
tax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 1.5%. 5-year CAGR: 0.10%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.