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

We don't give personal investment advice. Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Daily 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: 0.5%. 5-year CAGR: 0.00%.

Mirae Asset

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

Latest NAV

₹1,005.1646

As of

3 Jun 2026

3,240 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	+0.00%	+0.02%	-0.02	20 / 24	Q4
1W	+0.18%	+0.17%	+0.01	19 / 24	Q4
2W	+0.15%	+0.14%	+0.01	17 / 24	Q3
1M	+0.00%	+0.05%	-0.05	19 / 24	Q4
3M	+0.00%	+0.50%	-0.50	17 / 24	Q3
6M	+0.00%	+1.14%	-1.14	17 / 24	Q3
YTD	+0.00%	+0.98%	-0.98	18 / 24	Q3
1Y	+0.00%	+2.95%	-2.95	16 / 24	Q3
2Y	+0.00%	+3.90%	-3.90	19 / 24	Q4
3Y	+0.00%	+3.88%	-3.88	20 / 24	Q4
4Y	+0.03%	+3.80%	-3.77	22 / 24	Q4
5Y	+0.00%	+3.60%	-3.60	21 / 24	Q4
7Y	0.00%	+3.48%	-3.48	22 / 24	Q4
10Y	-0.12%	+2.83%	-2.96	24 / 24	Q4
Inception	+0.02%	+2.53%	-2.50	20 / 23	Q4

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	+0.00%	+1.07%	-1.07	18 / 23
2025	+0.00%	+4.48%	-4.48	20 / 23
2024	+0.00%	+4.47%	-4.47	22 / 23
2023	+0.00%	+3.97%	-3.97	22 / 23
2022	+0.00%	+2.48%	-2.48	21 / 23
2021	+0.00%	+3.17%	-3.17	16 / 23
2020	+0.12%	+3.80%	-3.68	22 / 24
2019	-1.38%	+0.37%	-1.76	18 / 24
2018	+0.00%	+2.13%	-2.13	17 / 24
2017	+0.11%	+1.82%	-1.71	11 / 24
2016	+0.03%	+2.57%	-2.53	18 / 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

-0.06%

146 windows

min -5.3% · max 1.0%

40% positive

3-Year rolling

-0.08%

120 windows

min -0.6% · max 0.5%

34% positive

5-Year rolling

-0.10%

100 windows

min -0.3% · max 1.3%

18% positive

7-Year rolling

-0.08%

82 windows

min -0.2% · max 1.0%

15% 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

0.07%

3-year · annualised

Sharpe ratio

—

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.47%

Jun 2025 → May 2026

% positive months

5.6%

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	₹1,425.4634	3 Jun 2026
Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Growth	Mirae Asset	₹2,368.3378	3 Jun 2026
UTI - Treasury Advantage Fund - Institutional Monthly Dividend Option	UTI	₹1,469.4427	3 Jun 2026
Birla Sun Life Cash Manager-Plan A(Institutional Daily Dividend)	Birla Sun Life	₹100.0000	3 Jun 2026
Reliance Money Manager Fund-Institutional Plan Growth Option	Reliance	₹3,931.5882	3 Jun 2026
Religare Ultra Short Term Fund - Institutional - Growth	Religare	₹3,975.7201	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹1,005.1646
2 Jun 2026	₹1,005.1646
1 Jun 2026	₹1,005.1646
29 May 2026	₹1,004.6922
27 May 2026	₹1,003.8169
26 May 2026	₹1,003.3844
25 May 2026	₹1,003.4103
22 May 2026	₹1,002.7222
21 May 2026	₹1,002.4261
20 May 2026	₹1,003.2568

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 03 Jun 2026, the NAV of Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Daily Dividend is ₹1,005.1646. 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- Daily Dividend has NAV history starting from 06 Mar 2008, a track record of about 18 years 2 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-Institutional Plan- Daily 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- Daily Dividend has delivered a absolute return of 0.00% — -2.95 pp behind the Low Duration Fund category average of 2.95%. The fund ranks #16 of 24 in its category — the third (Q3) quartile.

Over the trailing 3-year window, Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Daily Dividend has delivered a CAGR of 0.00% — -3.88 pp behind the Low Duration Fund category average of 3.88%. The fund ranks #20 of 24 in its category — the bottom (Q4) quartile.

Over the trailing 5-year window, Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Daily Dividend has delivered a CAGR of 0.00% — -3.6 pp behind the Low Duration Fund category average of 3.60%. The fund ranks #21 of 24 in its category — the bottom (Q4) quartile.

₹1 lakh invested in Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Daily Dividend exactly 10 years ago would be worth approximately ₹98,777 today — a multiplier of 0.99×, based on the 10-year CAGR of -0.12%. The category average over the same window would have grown ₹1 lakh to ₹132,250.

A ₹10,000 monthly SIP in Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Daily Dividend over the last 5 years — total invested ₹600,000 — would be worth ₹600,029 today. That's an XIRR (money-weighted annualised return) of 0.00%.

A ₹10,000 monthly SIP for 10 years in Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Daily Dividend = ₹1,200,000 invested. It would currently be worth ₹1,195,445 (multiplier 1.00×). XIRR: -0.08%. 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- Daily Dividend ranks #21 out of 24 funds in the Low Duration Fund category — that places it in the bottom quartile (Q4) — material underperformance. The category average return over the same window is 3.60%; this fund delivered 0.00%.

The worst peak-to-trough decline Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Daily Dividend has experienced over the last 5-year window is 0.47% — its NAV fell from a high on 06 Jun 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- Daily Dividend averaged -0.10% (best 1.28%, worst -0.27%). 18% of rolling windows ended positive.

In calendar year 2025, Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Daily Dividend returned 0.00% — lagging the Low Duration Fund category average of 4.48% by 4.48 pp. It ranked #20 of 23 in its category that year.

Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Daily 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- Daily 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: 0.5%. 5-year CAGR: 0.00%.

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