Mirae Asset Liquid Fund Direct Plan Growth
Debt
Direct
Liquid
NAV: ₹ 2565.65 as on 28-04-2024
Fund Performance
468 people have invested ₹ 5.7Cr in Mirae Asset Liquid Fund Direct Plan Growth in the last three months
Mutual Fund Insights
Over the last 15 months, this fund has decreased expense ratio by 29.4% moving from 0.17 to 0.12.
In the last 5 years, Quant Liquid Plan Growth Option Direct Plan has given 5.78% return, outperforming this fund by 0.49% per annum.
In the last 1 year, Edelweiss Liquid Fund Direct Growth has given 7.41% return, outperforming this fund by 0.05%.
This fund has one of the lowest expense ratio in the category (liquid). Its expense ratio is 0.12% which is lower than the category average expense ratio of 0.27%.
Over the last 1 month, this fund has experienced a 44.1% drop in AUM moving from 12.30K Cr to 6.87K Cr.
In the last 3 years, Quant Liquid Plan Growth Option Direct Plan has given 5.73% return, outperforming this fund by 0.11% per annum.
About the Mirae Asset Liquid Fund Direct Plan Growth
Mirae Asset Liquid Fund Direct Plan Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Abhishek Iyer. This fund is suitable to keep your money safe.
Key Parameters
- Mirae Asset Liquid Fund Direct Plan Growth has ₹6872 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.1.
Overview
 | 0.12% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹6872 Cr |
 | 1 January, 2013 |
 | ₹5000/₹1000 |
 Exit Load | 0.007% |
 | No Lock-in |
 TurnOver | 666.53% |
Mirae Asset Liquid Fund Direct Plan Growth Distribution as on (31-Dec-69)
Credit rating breakup
AAA
100%
Sector Allocation
Cash Equivalent
65.7%
Corporate
22.8%
Government
11.4%
Top Holdings of Mirae Asset Liquid Fund Direct Plan Growth as on (31-Mar-24)
Debt Holdings78
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 State Bank Of India | 2.91% | 100% | |
Bank Of Baroda | 2.7% | 100% | |
Small Industries Development Bank Of India | 2.46% | 100% | |
Canara Bank | 2.46% | 100% | |
Godrej Consumer Products Ltd. | 1.98% | 0% |
See all
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 12.3K Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Peer Analysis
Fund Manager
Abhishek Iyer
Fund Manager of Mirae Asset Liquid Fund Direct Plan Growth, since 28 December 2020
Top funds managed
Mirae Asset Liquid Fund Direct Plan Growth Highlights
Low to Moderate Risk
Investors understand that their principal will be at Low to Moderate Risk
About the fund
This fund has delivered an average annual returns of 6.69% since inception which is more than its category average return of 4.81%
AUM size ₹6872 Cr
This fund has AUM of ₹6872 Cr which is less than its category average of ₹ 11846 Cr
Expense Ratio 0.12%
This fund has an expense ratio of 0.12% which is less than its category average expense ratio of 0.24%
Frequently Asked Questions
The current NAV of Mirae Asset Liquid Fund Direct Plan Growth is ₹2565.65 as on 28-Apr-2024.
Existing (Absolute + CAGR) as on 28-Apr-2024.
Mirae Asset Liquid Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.65% | 0.65% |
6 Month Returns | 3.75% | 3.75% |
1 Year Returns | 7.37% | 7.37% |
3 Years Returns | 17.83% | 5.62% |
5 Years Returns | 29.45% | 5.3% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.12% as on March 2024
₹6872 Cr as on March 2024
State Bank Of India(2.91%), Bank Of Baroda(2.7%), Canara Bank(2.46%), Small Industries Development Bank Of India(2.46%), Godrej Consumer Products Ltd.(1.98%) as on March 2024
Cash Equivalent(56.93%), Corporate(23.17%), Government(19.9%) as on March 2024
Yield to Maturity is 7.54 as on March 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.18 as on March 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
Abhishek Iyer is the fund manager of Mirae Asset Liquid Fund Direct Plan Growth
The Exit load of Mirae Asset Liquid Fund Direct Plan Growth is 0.01%