Mirae Asset Liquid Fund Direct Plan Weekly Reinvestment of Income Dis cum Cptl Wdrl

Debt
Direct
Liquid
Mirae Asset Liquid Fund Direct Plan Weekly Reinvestment of Income Dis cum Cptl Wdrl

About the Fund

Mirae Asset Liquid Fund Direct Plan Weekly Reinvestment of Income Dis cum Cptl Wdrl 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 Weekly Reinvestment of Income Dis cum Cptl Wdrl has ₹11570 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.

Returns

Mirae Asset Liquid Fund Direct Plan Weekly Reinvestment of Income Dis cum Cptl Wdrl has given a CAGR return of 5.22% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.13%, 5.41% and 4.80% respectively.

Holdings

Mirae Asset Liquid Fund Direct Plan Weekly Reinvestment of Income Dis cum Cptl Wdrl has allocated its funds majorly in Cash Equivalent, Corporate, Government. Its top holdings are ICICI Bank Limited, 91 DTB 25072024, Bank Of Baroda, Bank of Baroda, Grasim Industries Ltd.

Taxation

As it is a liquid mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of Mirae Asset Liquid Fund Direct Plan Weekly Reinvestment of Income Dis cum Cptl Wdrl

The investment objective of the scheme is to generate consistent returns with a high level of liquidity in a judicious portfolio mix comprising of money market and debt instruments. The Scheme does not guarantee any returns.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Mirae Asset Liquid Fund Direct Plan Weekly Reinvestment of Income Dis cum Cptl Wdrl has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.1%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹11570 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹1000
Exit Load
0.007%
Lock InNo Lock-in
TurnOver
666.53%
Risk
Risk meter
pointer
Low to Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

May'24

Apr'24

Mar'24

Cash Equivalent
59.9%
Corporate
23.2%
Government
16.9%
All changes are between Oct'69 and Dec'69

as on (31-May-24)

  • Debt & Cash

Holdings
Weight%
1M Change
ICICI Bank Limited
ICICI Bank Limited
2.37%
0%
91 DTB 25072024
91 DTB 25072024
2.31%
0%
Bank Of Baroda
Bank Of Baroda
2.16%
0%
Bank of Baroda
Bank of Baroda
2.15%
0%
Grasim Industries Ltd.
Grasim Industries Ltd.
1.73%
0%

Abhishek Iyer
Abhishek Iyer
Fund Manager of Mirae Asset Liquid Fund Direct Plan Weekly Reinvestment of Income Dis cum Cptl Wdrl, since 28 December 2020

Mirae Asset Liquid Fund Direct Plan Weekly Reinvestment of Income Dis cum Cptl Wdrl Highlights

Risk meter
pointer

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 5.22% since inception which is more than its category average return of 4.81%
AUM size ₹11570 Cr

AUM size ₹11570 Cr

This fund has AUM of ₹11570 Cr which is less than its category average of ₹ 13082 Cr
Expense Ratio 0.1%

Expense Ratio 0.1%

This fund has an expense ratio of 0.1% 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 Weekly Reinvestment of Income Dis cum Cptl Wdrl is ₹1217.36 as on 24-Jun-2024.
Existing (Absolute + CAGR) as on 24-Jun-2024.
Mirae Asset Liquid Fund Direct Plan Weekly Reinvestment of Income Dis cum Cptl Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
0.06%
0.06%
6 Month Returns
2.55%
2.55%
1 Year Returns
6.13%
6.13%
3 Years Returns
17.12%
5.41%
5 Years Returns
26.4%
4.8%
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.
0.1% as on May 2024
₹11570 Cr as on May 2024
ICICI Bank Limited(2.37%), 91 DTB 25072024(2.31%), Bank Of Baroda(2.16%), Bank of Baroda(2.15%), Grasim Industries Ltd.(1.73%) as on May 2024
Cash Equivalent(68.63%), Corporate(17.48%), Government(13.89%) as on May 2024
Yield to Maturity is 7.14 as on May 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 0.13 as on May 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 Weekly Reinvestment of Income Dis cum Cptl Wdrl
The Exit load of Mirae Asset Liquid Fund Direct Plan Weekly Reinvestment of Income Dis cum Cptl Wdrl is 0.01%