NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹1355.86
0.04%
NAV as on 05 Feb 26, 12:00 AM
low to moderate risk
ultra short duration
debt
NAV as on 05 Feb 26, 12:00 AM
low to moderate risk
ultra short duration
debt
6.91%p.a.
Last 1Y
7.25%p.a.
Last 3Y
6.05%p.a.
Last 5Y
5.87%p.a.
Since Inception
About Mirae Asset Ultra Short Duration Fund - Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mirae Asset Ultra Short Duration Fund - Growth scheme from Mirae Asset Investment Managers (India) Private Limited. It is a Ultra Short Duration mutual fund scheme that predominantly invests in Ultra Short Duration stocks of companies. Launched on Oct 2020, Mirae Asset Ultra Short Duration Fund - Growth is Ultra Short Duration fund of its category with 2,067.19 Cr fund under management as on Feb 2026. The expense ratio of this fund is less than that of most other Fund category Ultra Short Duration funds.
- Mirae Asset Ultra Short Duration Fund - Growth delivered 6.9% annual returns during the last year. It has delivered 5.9% average annual returns since the fund was launched.
- Mirae Asset Ultra Short Duration Fund - Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund 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.
Top 10 Holdings
Net Payables
-12.38%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 23A 7.40 BD 30JN26 FVRS10LAC
1.40%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR IV 7.11 BD 27FB26 FVRS10LAC
1.41%
MUTHOOT FINANCE LIMITED SR 22A 7.75 NCD 30SP25 FVRS10LAC
1.12%
BAJAJ HOUSING FINANCE LIMITED 7.9237 NCD 16MR26 FVRS10LAC
1.03%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR VIII 7.54 BD 12JN26 FVRS10LAC
0.57%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 23F 7.5 BD 17DC25 FVRS10LAC
2.84%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR IX 7.59 BD 10FB26 FVRS1LAC
0.45%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 23H 7.58 LOA 31JL26 FVRS1LAC
4.85%
POWER FINANCE CORPORATION LTD. SR BS225A 7.77 BD 15JL26 FVRS1LAC
1.17%
Fund Managers
- Basant Bafna (Jan 2023 - Present)
Key Information
View Scheme Document
Mirae Asset Ultra Short Duration Fund - Growth SIP Calculator
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NRI Mutual Fund Tax on Mirae Asset Ultra Short Duration Fund - Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Mirae Asset Ultra Short Duration Fund - Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Mirae Asset Ultra Short Duration Fund - Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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Frequently Asked Questions
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