Mirae Asset Money Market Fund Direct Growth
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 Amit Modani. This fund is suitable to keep your money safe.
Key Parameters
- Mirae Asset Money Market Fund Direct Growth has ₹139 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.2.
Returns
Mirae Asset Money Market Fund Direct Growth has given a CAGR return of 6.02% since inception. Over the last 1 year the fund has given a CAGR return of 7.64%.
Holdings
Mirae Asset Money Market Fund Direct Growth has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are Axis Bank Ltd., Kotak Mahindra Bank Ltd., Union Bank of India, HDFC Bank Limited, ICICI Bank Limited
Taxation
As it is a money market 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 Money Market Fund Direct Growth
The investment objective of the scheme is to generate reasonable returns with low risk and provide liquidity by investing in money market instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be realized.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Mirae Asset Money Market Fund Direct Growth has no lock in period.
Fund Overview
| Expense ratio | 0.23% |
Benchmark | CRISIL Liquid Fund TR INR |
| AUM | ₹139 Cr |
| Inception Date | 11 August, 2021 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 295.62% |
| Risk |   Moderate Risk |
Fund Distributionas on (31-Dec-69)
as on (30-Jun-24)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Axis Bank Ltd. | 8.94% | 0% | |
Kotak Mahindra Bank Ltd. | 8.22% | 0% | |
HDFC Bank Limited | 6.87% | 0% | |
Union Bank of India | 6.87% | 0% | |
ICICI Bank Limited | 6.71% | 0% |
Mirae Asset Money Market Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹139 Cr
Expense Ratio 0.23%
Frequently Asked Questions
Mirae Asset Money Market Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.66% | 0.66% |
6 Month Returns | 3.94% | 3.94% |
1 Year Returns | 7.64% | 7.64% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- 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.
AAA | 100 |