Edelweiss Ultra Short Term Fund vs Mirae Asset Money Market Fund
Direct Plan, Growth option · Data as on 30-10-2026
Edelweiss Ultra Short Term Fund is an Ultra Short fund and Mirae Asset Money Market Fund is a Money Market fund. Edelweiss Ultra Short Term Fund charges 0.13% a year and Mirae Asset Money Market Fund 0.11% (Direct plans). Their portfolios overlap 13.0%: they hold 8 of the same securities.
Edelweiss Ultra Short Term Fund
Ultra Short
- Expense ratio
- 0.13%
- NAV
- ₹1,009.78
Mirae Asset Money Market Fund
Money Market
- Expense ratio
- 0.11%
- NAV
- ₹1,388.94
Which is better, Edelweiss Ultra Short Term or Mirae Asset Money Market? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Mirae Asset Money Market costs less: 0.11% a year against 0.13% (Direct plans).
- Mirae Asset Money Market fell less in its worst fall since 27-08-2026: −0.1% against −0.1%.
- Mirae Asset Money Market is the larger fund: ₹2,452 Cr against ₹896 Cr.
- Their portfolios overlap 13.0%: 8 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Edelweiss Ultra Short Term Fund | Mirae Asset Money Market Fund |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | Mirae Asset Mutual Fund |
| Category | Ultra Short | Money Market |
| AUM | ₹896 Cr (30-09-2026) | ₹2,452 Cr (30-09-2026) |
| NAV | ₹1,009.78 (Direct) | ₹1,388.94 (Direct) |
| Expense ratio (Direct) | 0.13% | 0.11% |
| Expense ratio (Regular) | 0.61% | 0.42% |
| Riskometer | Low to Moderate | Low to Moderate |
| Benchmark | CRISIL Ultra Short Duration Debt A-I Index | NIFTY Money Market Index A-I |
| Launch date | 25-08-2026 | 11-08-2021 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Rahul Dedhia, Kedar Karnik | Pranavi Kulkarni |
| Exit load | Nil | NIL |
Edelweiss Ultra Short Term vs Mirae Asset Money Market: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Edelweiss Ultra Short Term Fund (Direct) | +0.31% | -- | -- | -- | -- | -- | -- |
| Mirae Asset Money Market Fund (Direct) | +0.32% | +1.49% | +3.29% | +6.26% | +7.31% | +6.65% | -- |
| Ultra Short average | +0.30% | -- | -- | -- | -- | -- | -- |
| Money Market average | +0.33% | +1.49% | +3.29% | +6.35% | +7.24% | +6.68% | -- |
Category average: the average of the 26 Ultra Short funds and the 27 Money Market funds, same plan type.
Edelweiss Ultra Short Term vs Mirae Asset Money Market: Year-wise Returns
| Year | Edelweiss Ultra Short TermEdelweiss Ultra Short Term | Mirae Asset Money MarketMirae Asset Money Market |
|---|---|---|
| 2026to date | -- | +5.18% |
| 2025 | -- | +7.59% |
| 2024 | -- | +7.89% |
| 2023 | -- | +7.15% |
| 2022 | -- | +4.76% |
Edelweiss Ultra Short Term vs Mirae Asset Money Market: Rolling Returns
Every holding period of both funds
Edelweiss Ultra Short Term vs Mirae Asset Money Market: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Edelweiss Ultra Short Term Fund (Direct) | Mirae Asset Money Market Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.38% | +6.50% |
| Standard deviation | 0.51% | 0.38% |
| Sharpe ratio | 0.20 | 2.14 |
| Sortino ratio | 0.27 | 3.97 |
| Maximum drawdown | −0.1% (22-10-2026) | −0.1% (22-05-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 27-08-2026 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Edelweiss Ultra Short Term Fund (Direct)
Mirae Asset Money Market Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Edelweiss Ultra Short Term Fund (Direct) | −0.1% | 19-10-2026 | 22-10-2026 | 27-10-2026 | 5 days | 0.0% |
| Mirae Asset Money Market Fund (Direct) | −0.1% | 19-10-2026 | 22-10-2026 | 27-10-2026 | 5 days | 0.0% |
From daily values since 27-08-2026, the first day every fund has.
Edelweiss Ultra Short Term vs Mirae Asset Money Market: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss Ultra Short Term Fund, September 2026; Mirae Asset Money Market Fund, September 2026
Holdings in common
- Overlap
- 13.0%
- Held by both
- 8
- Only in Edelweiss Ultra Short Term
- 14
- Only in Mirae Asset Money Market
- 44
| Security | % of Edelweiss Ultra Short Term | % of Mirae Asset Money Market |
|---|---|---|
| HDFC BANK CD RED 24-02-2027 | 5.43% | 2.98% |
| SIDBI CD RED 11-06-2027 | 5.31% | 2.91% |
| NABARD CD RED 10-03-2027 | 2.71% | 2.97% |
| KOTAK MAHINDRA BANK CD RED 08-01-2027 | 5.48% | 1.00% |
| BANK OF BARODA CD RED 25-01-2027 | 1.09% | 1.00% |
| AXIS BANK LTD CD RED 12-02-2027 | 5.45% | 0.99% |
| SIDBI CD RED 25-03-2027 | 2.70% | 0.99% |
| PUNJAB NATIONAL BANK CD RED 12-03-2027 | 5.42% | 0.40% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 13.0% means 13.0% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Edelweiss Ultra Short Term Fund
| Security | % of fund |
|---|---|
| 182 DAYS TBILL RED 25-03-2027 | 8.14% |
| CANARA BANK CD RED 11-03-2027 | 8.12% |
| 7.71% REC LTD SR 230A NCD RED 26-02-2027 | 7.82% |
| 7.80% NABARD NCD SR 24E RED 15-03-2027 | 5.59% |
| 7.90% LIC HSG FIN TR421 NCD R 23-06-2027 | 5.58% |
Largest holdings only in Mirae Asset Money Market Fund
| Security | % of fund |
|---|---|
| 364 Days Treasury Bills (MD 11/02/2027) | 11.98% |
| Kotak Mahindra Bank Ltd. (MD 05/03/2027) | 6.94% |
| National Bank for Agriculture and Rural Development (MD 17/03/2027) | 6.92% |
| Punjab National Bank (MD 04/03/2027) | 4.96% |
| Bajaj Auto Credit Ltd. (MD 22/02/2027) | 4.96% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Edelweiss Ultra Short Term | Mirae Asset Money Market |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 101.4% | 119.1% |
| Cash and others | -1.4% | -19.1% |
Edelweiss Ultra Short Term vs Mirae Asset Money Market: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss Ultra Short Term Fund | Mirae Asset Money Market Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.13% | 0.11% |
| Base expense ratio (Direct) | 0.10% | 0.09% |
| Total expense ratio (Regular) | 0.61% | 0.42% |
| Base expense ratio (Regular) | 0.51% | 0.35% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Edelweiss Ultra Short Term with
Edelweiss Ultra Short Term Fund vs Mirae Asset Money Market Fund: Frequently Asked Questions
What is the difference between Edelweiss Ultra Short Term Fund and Mirae Asset Money Market Fund?
Edelweiss Ultra Short Term Fund is an Ultra Short fund, Mirae Asset Money Market Fund is a Money Market fund, run by Edelweiss Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 13.0%. Edelweiss Ultra Short Term Fund charges 0.13% a year and Mirae Asset Money Market Fund 0.11%.
Which has the lower expense ratio, Edelweiss Ultra Short Term Fund or Mirae Asset Money Market Fund?
Mirae Asset Money Market Fund charges less: 0.11% a year against 0.13%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Edelweiss Ultra Short Term Fund and Mirae Asset Money Market Fund overlap?
13.0%. They hold 8 of the same securities, the largest shared ones being HDFC BANK CD RED 24-02-2027, SIDBI CD RED 11-06-2027, NABARD CD RED 10-03-2027. From each fund's latest monthly portfolio.
Which is riskier, Edelweiss Ultra Short Term Fund or Mirae Asset Money Market Fund?
On SEBI's riskometer, Edelweiss Ultra Short Term Fund is rated Low to Moderate and Mirae Asset Money Market Fund Low to Moderate. Over their common history, the standard deviation of daily returns was 0.51% and 0.38% a year.
Can I invest in both Edelweiss Ultra Short Term Fund and Mirae Asset Money Market Fund?
Yes. 13.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Edelweiss Ultra Short Term Fund and Mirae Asset Money Market Fund?
Edelweiss Ultra Short Term Fund: Rahul Dedhia, Kedar Karnik. Mirae Asset Money Market Fund: Pranavi Kulkarni.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.