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

We don't give personal investment advice. Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Growth 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: 0.3%. 5-year CAGR: 5.70%.

Mirae Asset

Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Growth

Latest NAV

₹2,368.3378

As of

3 Jun 2026

3,509 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	+0.04%	+0.02%	+0.01	7 / 24	Q2
1W	+0.23%	+0.17%	+0.06	1 / 24	Q1
2W	+0.20%	+0.14%	+0.06	1 / 24	Q1
1M	+0.16%	+0.05%	+0.10	11 / 24	Q2
3M	+0.96%	+0.50%	+0.46	10 / 24	Q2
6M	+2.09%	+1.14%	+0.95	10 / 24	Q2
YTD	+1.72%	+0.98%	+0.74	10 / 24	Q2
1Y	+5.17%	+2.95%	+2.23	10 / 24	Q2
2Y	+6.53%	+3.90%	+2.63	10 / 24	Q2
3Y	+6.62%	+3.88%	+2.74	9 / 24	Q2
4Y	+6.47%	+3.80%	+2.66	9 / 24	Q2
5Y	+5.70%	+3.60%	+2.10	13 / 24	Q3
7Y	+5.71%	+3.48%	+2.23	10 / 24	Q2
10Y	+5.86%	+2.83%	+3.02	7 / 24	Q2
Inception	+4.83%	+2.53%	+2.31	7 / 23	Q2

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	+1.72%	+1.07%	+0.65	10 / 23
2025	+7.06%	+4.48%	+2.58	10 / 23
2024	+7.32%	+4.47%	+2.85	9 / 23
2023	+6.61%	+3.97%	+2.64	13 / 23
2022	+3.96%	+2.48%	+1.48	13 / 23
2021	+3.04%	+3.17%	-0.13	14 / 23
2020	+6.65%	+3.80%	+2.85	10 / 24
2019	+5.72%	+0.37%	+5.35	5 / 24
2018	+6.53%	+2.13%	+4.40	7 / 24
2017	+5.70%	+1.82%	+3.89	7 / 24
2016	+6.87%	+2.57%	+4.30	7 / 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

+6.36%

158 windows

min 2.7% · max 8.3%

100% positive

3-Year rolling

+6.15%

134 windows

min 4.3% · max 8.0%

100% positive

5-Year rolling

+5.66%

118 windows

min 1.0% · max 7.5%

100% positive

7-Year rolling

+5.72%

94 windows

min 2.9% · max 7.1%

100% 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

0.51%

3-year · annualised

Sharpe ratio

-0.14

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.27%

May 2026 → May 2026

% 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.

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- Daily Dividend	Mirae Asset	₹1,005.1646	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	₹2,368.3378
2 Jun 2026	₹2,368.3075
1 Jun 2026	₹2,367.4345
29 May 2026	₹2,365.9538
27 May 2026	₹2,363.8926
26 May 2026	₹2,362.8740
25 May 2026	₹2,362.9351
22 May 2026	₹2,361.3146
21 May 2026	₹2,360.6175
20 May 2026	₹2,362.5736

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- Growth is ₹2,368.3378. 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- Growth 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- Growth 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- Growth has delivered a absolute return of 5.17% — +2.23 pp ahead of the Low Duration Fund category average of 2.95%. The fund ranks #10 of 24 in its category — the second (Q2) quartile.

Over the trailing 3-year window, Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Growth has delivered a CAGR of 6.62% — +2.74 pp ahead of the Low Duration Fund category average of 3.88%. The fund ranks #9 of 24 in its category — the second (Q2) quartile.

Over the trailing 5-year window, Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Growth has delivered a CAGR of 5.70% — +2.1 pp ahead of the Low Duration Fund category average of 3.60%. The fund ranks #13 of 24 in its category — the third (Q3) quartile.

₹1 lakh invested in Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Growth exactly 10 years ago would be worth approximately ₹176,700 today — a multiplier of 1.77×, based on the 10-year CAGR of 5.86%. 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- Growth over the last 5 years — total invested ₹600,000 — would be worth ₹702,872 today. That's an XIRR (money-weighted annualised return) of 6.26%.

A ₹10,000 monthly SIP for 10 years in Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Growth = ₹1,200,000 invested. It would currently be worth ₹1,618,451 (multiplier 1.35×). XIRR: 5.83%. 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- Growth ranks #13 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 3.60%; this fund delivered 5.70%.

The worst peak-to-trough decline Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Growth has experienced over the last 5-year window is 0.34% — its NAV fell from a high on 02 May 2022 to a low on 06 May 2022. 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- Growth averaged 5.66% (best 7.47%, worst 1.02%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is -1.43 — negative risk-adjusted performance.

In calendar year 2025, Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Growth returned 7.06% — beating the Low Duration Fund category average of 4.48% by 2.58 pp. It ranked #10 of 23 in its category that year.

Mirae Asset Ultra Short Term Bond Fund-Institutional Plan- Growth 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- Growth 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: 0.3%. 5-year CAGR: 5.70%.

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-Institutional Plan- Growth

NAV history & peer comparison

Returns matrix

Calendar-year returns

Rolling returns

SIP returns — historical "what if"

Risk profile

Peers in Low Duration Fund

Recent NAVs

Frequently asked questions

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