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-Regular 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: 0.2%. 5-year CAGR: 7.24%.

Mirae Asset

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

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	-0.02%	-14.54%	+14.52	202 / 373	Q3
1W	+0.04%	-15.89%	+15.93	110 / 369	Q2
2W	+0.13%	-15.78%	+15.91	95 / 371	Q2
1M	+0.34%	-16.05%	+16.39	87 / 373	Q1
3M	+1.26%	-17.27%	+18.54	92 / 366	Q2
6M	+2.99%	-30.18%	+33.17	93 / 393	Q1
YTD	+5.20%	-32.85%	+38.05	57 / 414	Q1
1Y	+5.96%	-15.79%	+21.75	96 / 309	Q2
2Y	+6.49%	-13.41%	+19.90	33 / 142	Q1
3Y	+6.69%	-6.89%	+13.58	23 / 95	Q1
4Y	+7.03%	+2.81%	+4.22	20 / 84	Q1
5Y	+7.24%	+2.94%	+4.30	17 / 76	Q1
7Y	+7.29%	+2.77%	+4.52	14 / 67	Q1
10Y	—	—	—	—	—
Inception	+5.37%	-35.69%	+41.06	104 / 497	Q1

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
2017 YTD	+5.20%	+2.12%	+3.08	7 / 30
2016	+6.88%	+3.89%	+2.99	17 / 45
2015	+6.93%	+2.84%	+4.08	13 / 66
2014	+7.97%	+4.08%	+3.89	24 / 76
2013	+7.98%	+2.34%	+5.65	15 / 76
2012	+8.38%	+3.72%	+4.66	23 / 78
2011	+6.72%	+3.23%	+3.49	18 / 66
2010	+3.88%	-11.73%	+15.61	23 / 132
2009	+2.23%	-33.69%	+35.92	81 / 316
2008	—	—	—	—

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

+5.83%

107 windows

min -3.7% · max 8.5%

93% positive

3-Year rolling

+6.55%

82 windows

min 0.9% · max 8.2%

100% positive

5-Year rolling

+6.75%

58 windows

min 3.7% · max 7.8%

100% positive

Limited basis — fund is young, so this average may be skewed by which 5Y windows happen to be available.

7-Year rolling

+6.44%

34 windows

min 4.9% · max 7.3%

100% positive

Limited basis — fund is young, so this average may be skewed by which 7Y windows happen to be available.

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

0.33%

3-year · annualised

Sharpe ratio

—

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.17%

Dec 2016 → Dec 2016

% positive months

100.0%

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.

Recent NAVs

Date	NAV
16 Nov 2017	₹1,662.2469
15 Nov 2017	₹1,662.5387
14 Nov 2017	₹1,662.2756
13 Nov 2017	₹1,662.6368
10 Nov 2017	₹1,661.9729
9 Nov 2017	₹1,661.6113
8 Nov 2017	₹1,661.3490
7 Nov 2017	₹1,661.1944
6 Nov 2017	₹1,661.1547
3 Nov 2017	₹1,660.3412

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.

Mirae Asset Ultra Short Term Bond Fund-Regular Plan- Monthly Dividend is a Income from Mirae Asset (Regular plan, IDCW (dividend) option). Latest NAV isn't currently available in our feed — the AMC publishes it once per business day after market close.

Mirae Asset Ultra Short Term Bond Fund-Regular Plan- Monthly Dividend has NAV history starting from 06 Mar 2008, a track record of about 18 years 3 months. 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-Regular Plan- Monthly Dividend is managed by Mirae Asset. It's classified by AMFI under the 'Income' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Mirae Asset Ultra Short Term Bond Fund-Regular Plan- Monthly Dividend has delivered a absolute return of 5.96% — +21.75 pp ahead of the Income category average of -15.79%. The fund ranks #96 of 309 in its category — the second (Q2) quartile.

Over the trailing 3-year window, Mirae Asset Ultra Short Term Bond Fund-Regular Plan- Monthly Dividend has delivered a CAGR of 6.69% — +13.58 pp ahead of the Income category average of -6.89%. The fund ranks #23 of 95 in its category — the top (Q1) quartile.

Over the trailing 5-year window, Mirae Asset Ultra Short Term Bond Fund-Regular Plan- Monthly Dividend has delivered a CAGR of 7.24% — +4.3 pp ahead of the Income category average of 2.94%. The fund ranks #17 of 76 in its category — the top (Q1) quartile.

₹1 lakh invested in Mirae Asset Ultra Short Term Bond Fund-Regular Plan- Monthly Dividend exactly 5 years ago would be worth approximately ₹141,844 today — a multiplier of 1.42×, based on the 5-year CAGR of 7.24%. The category average over the same window would have grown ₹1 lakh to ₹115,573.

A ₹10,000 monthly SIP in Mirae Asset Ultra Short Term Bond Fund-Regular Plan- Monthly Dividend over the last 5 years — total invested ₹600,000 — would be worth ₹713,682 today. That's an XIRR (money-weighted annualised return) of 6.86%.

Mirae Asset Ultra Short Term Bond Fund-Regular Plan- Monthly Dividend doesn't yet have 10 years of NAVs. Over the longest available window (7-year SIP), ₹10,000/month would have grown to ₹1,083,169 — XIRR 7.14%.

On a 5-year basis, Mirae Asset Ultra Short Term Bond Fund-Regular Plan- Monthly Dividend ranks #17 out of 76 funds in the Income category — that places it in the top quartile (Q1) — strong outperformance. The category average return over the same window is 2.94%; this fund delivered 7.24%.

The worst peak-to-trough decline Mirae Asset Ultra Short Term Bond Fund-Regular Plan- Monthly Dividend has experienced over the last 5-year window is 0.17% — its NAV fell from a high on 06 Dec 2016 to a low on 08 Dec 2016. 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-Regular Plan- Monthly Dividend averaged 6.75% (best 7.76%, worst 3.68%). 100% of rolling windows ended positive.

In calendar year 2016, Mirae Asset Ultra Short Term Bond Fund-Regular Plan- Monthly Dividend returned 6.88% — beating the Income category average of 3.89% by 2.99 pp. It ranked #17 of 45 in its category that year.

Mirae Asset Ultra Short Term Bond Fund-Regular 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-Regular 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: 0.2%. 5-year CAGR: 7.24%.

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

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

NAV history & peer comparison

Returns matrix

Calendar-year returns

Rolling returns

SIP returns — historical "what if"

Risk profile

Recent NAVs

Frequently asked questions

More from Mirae Asset