Mirae Asset Liquid Fund Direct Plan Growth

Mirae Asset Liquid Fund Direct Plan Growth

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Debt
Direct
Liquid
NAV: ₹ 2531.18 as on 25-02-2024
Fund Performance
zero opening, trading, fund transfer fee
420 people have invested ₹ 4.2Cr in Mirae Asset Liquid Fund Direct Plan Growth in the last three months

Mutual Fund Insights

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In the last 5 years, Quant Liquid Plan Growth Option Direct Plan has given 5.78% return, outperforming this fund by 0.5% per annum.
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In the last 1 year, Aditya Birla Sun Life Liquid Direct Plan Growth has given 7.33% return, outperforming this fund by 0.03%.
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Over the last 6 months, this fund has decreased expense ratio by 20.0% moving from 0.15 to 0.12.
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In the last 3 years, Quant Liquid Plan Growth Option Direct Plan has given 5.57% return, outperforming this fund by 0.21% per annum.
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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%.
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Over the last 1 month, this fund has experienced a 5.8% drop in AUM moving from 11.78K Cr to 11.10K Cr.

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

  1. Mirae Asset Liquid Fund Direct Plan Growth has ₹11106 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.1.

Mirae Asset Liquid Fund Direct Plan Growth Overview

Expense ratio
Expense ratio
0.12%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹11106 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
0.007%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
666.53%

Mirae Asset Liquid Fund Direct Plan Growth Distribution as on (31-Dec-69)

  • Debt & Cash 99.8%

Credit rating breakup

AAA
100%
Sector Allocation

Jan'24

Dec'23

Nov'23

Cash Equivalent
58.8%
Government
23.7%
Corporate
17.6%

Top Holdings of Mirae Asset Liquid Fund Direct Plan Growth as on (31-Jan-24)

  • Debt & Cash

Debt Holdings99
Holdings
Weight%
1M Change
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
2.47%
0%
91 DTB 21032024
91 DTB 21032024
2.02%
0%
HDFC Bank Limited
HDFC Bank Limited
1.8%
0%
182 DTB 07032023
182 DTB 07032023
1.8%
0%
364 DTB 07032024
364 DTB 07032024
1.8%
0%

Mirae Asset Liquid Fund Direct Plan Growth: Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 11.8K Cr
₹ 11.8K Cr
₹ 11.8K Cr
  • AUM of the fund stands at 11.8K Cr as of Jan'24
  • AUM has remained same between Jan'24 and Dec'23
Fund Portfolio Changes

Mirae Asset Liquid Fund Direct Plan Growth Fund Manager

Abhishek Iyer
Abhishek Iyer
Fund Manager of Mirae Asset Liquid Fund Direct Plan Growth, since 28 December 2020

Mirae Asset Liquid Fund Direct Plan Growth Highlights

Risk meter
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Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 6.67% since inception which is more than its category average return of 4.77%
AUM size ₹11106 Cr

AUM size ₹11106 Cr

This fund has AUM of ₹11106 Cr which is less than its category average of ₹ 12166 Cr
Expense Ratio 0.12%

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 ₹2531.18 as on 25-Feb-2024.
Existing (Absolute + CAGR) as on 25-Feb-2024.
Mirae Asset Liquid Fund Direct Plan Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.63%
0.63%
6 Month Returns
3.63%
3.63%
1 Year Returns
7.29%
7.29%
3 Years Returns
16.96%
5.36%
5 Years Returns
29.33%
5.28%
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 January 2024
₹11106 Cr as on January 2024
National Bank For Agriculture And Rural Development(2.47%), 91 DTB 21032024(2.02%), Punjab National Bank(1.8%), 91 DTB 22022024(1.8%), Sikka Port And Terminal Limited(1.8%) as on January 2024
Cash Equivalent(63.35%), Government(21.96%), Corporate(14.69%) as on January 2024
Yield to Maturity is 7.33 as on January 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 0.1 as on January 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%