Mirae Asset Money Market Fund Direct Growth
Mirae Asset Money Market Fund Direct Growth

Mirae Asset Money Market Fund Direct Growth

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Debt
Direct
Money Market

NAV: ₹ 1068.8 as on 08-02-2023

Fund Performance
zero opening, trading, fund transfer fee
17 people have invested ₹ 1.4L in mutual fund in the last three months

Fund Insights

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In the last 1 year, Nippon India Money Market Fund Direct Plan Growth Option has given 5.45% return, outperforming this fund by 0.36%

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This fund expense ratio is slightly on the lower side within the category (money market). Its expense ratio is 0.26% which is lower than the category average expense ratio of 0.35%

Fund Performance as on (01-Jan-70)

Return
1M
3M
6M
1Y
This Fund
0.5%
1.6%
2.9%
5.1%
Benchmark
0.5%
1.5%
2.7%
4.6%
About the Fund

Mirae Asset Money Market Fund Direct Growth is a debt fund. This fund was started on  11 August, 2021. The fund is managed by Basant Bafna. This fund is suitable to keep your money safe.

Key parameters

1) Mirae Asset Money Market Fund Direct Growth has a NAV of 1068.8186 as on 08-02-2023.

2) Mirae Asset Money Market Fund Direct Growth has 59 Cr worth of assets under management (AUM) as on 31-12-2022 and is less than category average.

3) The fund has an expense ratio 0.26 %.

Fund Overview

Expense ratio
Expense ratio
0.26%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹59 Cr
Inception Date
Inception Date
11 August, 2021
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
207.48%

Fund Distribution as on (31-Dec-22)

  • Debt & Cash 100%
Credit rating breakup
AAA
100%

Sector Allocation

Dec'22

Nov'22

Oct'22

Cash Equivalent

50.6%

Government

33%

Corporate

16.4%

Top Holdings as on (31-Dec-69)

  • Debt & Cash
Debt Holdings9
Holdings
Weight%
Holdings Trend
1M Change
IIFL Wealth Prime Limited
IIFL Wealth Prime Limited
8.39%
0%
National Bank for Agriculture and Rural Development
National Bank for Agriculture and Rural Development
8.18%
0%
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)
8.15%
0%
ICICI Bank Limited
ICICI Bank Limited
8.14%
0%
Canara Bank
Canara Bank
8.06%
0%

What changed

in last one month
  • Scheme
  • Portfolio
AUM increased by 0.7 Cr in last 1M
Dec'69 return outperformed benchmark

Change in AUM

Dec'22
₹ 57.9 Cr
Nov'22
₹ 57.3 Cr
Oct'22
₹ 56.7 Cr

Fund Returns vs Benchmark

Jan'23
0.38%
0.37%
Dec'22
0.34%
0.29%
Nov'22
0.47%
0.45%
Fund Return
Benchmark Return

Fund Manager

Basant Bafna

Basant Bafna

Fund Manager of Mirae Asset Money Market Fund Direct Growth, since 16 January 2023

AMC details

Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.19L Cr
as on 31-Dec-2022
Address
Mirae Asset Investment Managers (India) Private Limited.,Unit No. 606, 6th Floor,,Windsor Bldg, Off CST Road,,Kalina, Santacruz (East), Mumbai - 400 098
Phone
91-22-22-6780300
Email
customercare@miraeasset.com

Fund 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 4.55% since inception which is less than its category average return of 4.73%
AUM size ₹59 Cr

AUM size ₹59 Cr

This fund has AUM of ₹59 Cr which is less than its category average of ₹ 4766 Cr
Expense Ratio 0.26%

Expense Ratio 0.26%

This fund has an expense ratio of 0.26% which is less than its category average expense ratio of 0.34%

Frequently Asked Questions

The current NAV of Mirae Asset Money Market Fund Direct Growth is 1068.82 as on 08-Feb-2023.
Existing (Absolute + CAGR)
Mirae Asset Money Market Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.54%
0.54%
6 Month Returns
2.9%
2.9%
1 Year Returns
5.09%
5.09%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
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.
0.26 as on January 2023
59 Cr as on January 2023
Yield to Maturity is 6.76 as on January 2023. 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 0.34 as on January 2023. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Basant Bafna is the fund manager of Mirae Asset Money Market Fund Direct Growth
The Exit load of Mirae Asset Money Market Fund Direct Growth is 0%

Mutual Fund execution provided by

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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.