Mirae Asset Ultra Short-Term Fund: NAV, Management & Investing
By Market Desk
Explore the Mirae Asset Ultra Short-Term Fund. Learn about its NAV, experienced management (Basant Bafna), and zero entry/exit loads for new investors.
If you’re looking into investment options, the Mirae Asset Ultra Short-Term Fund – Regular Plan offers a structured approach. As of August 28, 2026, its Net Asset Value (NAV) stood at 1406.8016, providing a clear snapshot of its current value.
This fund is expertly managed by Basant Bafna, who joined Mirae Asset Mutual Fund in January 2023. Mr. Bafna brings a strong academic background, holding qualifications such as B.Com, MBA, CS, CA, FRM, and CFA, and oversees several other schemes.
What Makes This Fund Unique?
The Mirae Asset Ultra Short-Term Fund began its journey on October 7, 2020, and is categorized specifically as a Debt: Ultra Short Duration Fund. It maintains an open-ended structure, offering flexibility for your investments.
One notable feature for you as an investor is its 0% entry and exit load. This means you won’t incur additional charges when you invest or redeem your units.
How You Can Invest
This fund’s performance is measured against the NIFTY Ultra Short Duration Debt Index B-I, giving you a benchmark to understand its market position. You have several convenient ways to invest, including Systematic Investment Plans (SIP), Systematic Transfer Plans (STP), and Systematic Withdrawal Plans (SWP).
For your initial investment, you can start with a minimum of ₹5,000. Subsequent investments are accessible with amounts as low as ₹1,000, making it easier to grow your portfolio over time.