Mirae Asset Ultra Short Duration Fund leads ultra-short-duration mutual funds in one-month returns; delivers 1.0% gain
Mirae Asset Ultra Short Duration Fund delivered 1.0% returns over the last one month and 7.2% CAGR over three years, according to ACE MF data on June 28.
Moneycontrol Desk
June 29, 2026 / 13:35 IST
Among ultra-short-duration mutual funds that meet the screen used for this ranking, Mirae Asset Ultra Short Duration Fund is at the top on one-month returns. The fund delivered 1.0 percent, ahead of HSBC Ultra Short Duration Fund at 0.9 percent and SBI Ultra Short Duration Fund at 0.9 percent, according to ACE MF data on June 28.
The ranking considers only schemes with assets under management of at least Rs 1,500 crore. Among the top five funds that meet this criterion, Aditya Birla SL Savings Fund has the largest corpus at Rs 19,611.3 crore.
The benchmark comparison is also important. Mirae Asset Ultra Short Duration Fund was ahead of its benchmark by 0.4 percentage points on a one-month basis, with the benchmark returning 0.6%. It was also ahead of its benchmark by 2.1 percentage points on a one-year basis, with the benchmark returning 4.3%.
The six-month ranking gives a different reading. HSBC Ultra Short Duration Fund is ahead on this measure with a return of 3.3 percent.
There is no change at the top when the one-year window is considered. Mirae Asset Ultra Short Duration Fund remains ahead with 6.4 percent.
The three-year ranking gives a different reading. Aditya Birla SL Savings Fund is ahead on this measure with a return of 7.3 percent.
Return rankings across mutual funds can shift when the comparison window changes. This makes it useful to read the headline return along with shorter and longer return periods.
Table: Top 5 ultra-short-duration funds by one-month return
| Fund name | 1-month return (%) | AUM (Rs crore) | 3-month return (%) | 6-month return (%) | 1-year return (%) | 3-year return (%) |
|---|---|---|---|---|---|---|
| Mirae Asset Ultra Short Duration Fund | 1.0 | 1,714.9 | 2.0 | 3.2 | 6.4 | 7.2 |
| HSBC Ultra Short Duration Fund | 0.9 | 3,524.7 | 1.9 | 3.3 | 6.3 | 7.0 |
| SBI Ultra Short Duration Fund | 0.9 | 11,860.9 | 1.8 | 3.1 | 6.1 | 7.0 |
| Bandhan Ultra Short Duration Fund | 0.9 | 4,440.5 | 1.9 | 3.2 | 6.2 | 7.0 |
| Aditya Birla SL Savings Fund | 0.9 | 19,611.3 | 1.8 | 3.1 | 6.3 | 7.3 |
Note: The ranking considers only schemes with minimum assets under management of Rs 1,500 crore. Returns and AUM are according to ACE MF data on June 28. One-year and three-year returns are CAGR; one-month, three-month and six-month returns are absolute returns. AUM is in Rs crore.
What is an ultra-short-duration fund?
Funds in the ultra short duration category should be assessed against schemes with similar investment mandates. Return comparisons across unrelated categories may not be meaningful because risk, asset allocation and portfolio strategy can differ sharply.