Mirae Asset Money Market Fund Direct Growth
Debt
Direct
Money Market
NAV: ₹ 1165.71 as on 18-04-2024
Fund Performance
13 people have invested ₹ 50K in Mirae Asset Money Market Fund Direct Growth in the last three months
About the Mirae Asset Money Market Fund Direct Growth
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 ₹106 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.
Mirae Asset Money Market Fund Direct Growth Overview
 | 0.22% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹106 Cr |
 | 11 August, 2021 |
 | ₹5000/₹1000 |
 | 0% |
 | No Lock-in |
 TurnOver | 295.62% |
Mirae Asset Money Market Fund Direct Growth Distribution as on (31-Dec-69)
Credit rating breakup
AAA
100%
Sector Allocation
Corporate
53.5%
Cash Equivalent
33%
Government
13.5%
Top Holdings of Mirae Asset Money Market Fund Direct Growth as on (31-Mar-24)
Debt Holdings19
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Kotak Mahindra Bank Ltd. | 10.53% | 0% | |
ICICI Bank Limited | 8.94% | 100% | |
Punjab National Bank | 8.84% | 0% | |
Indian Bank | 7.9% | 0% | |
Canara Bank | 6.13% | 100% |
See all
Mirae Asset Money Market Fund Direct Growth: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 106.4 Cr as of Mar'24
- AUM decreased by 11 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Peer Analysis
Mirae Asset Money Market Fund Direct Growth Fund Manager
Amit Modani
Fund Manager of Mirae Asset Money Market Fund Direct Growth, since 15 September 2023
Top funds managed
Mirae Asset Money Market Fund Direct Growth Highlights
Moderate Risk
Investors understand that their principal will be at Moderate Risk
About the fund
This fund has delivered an average annual returns of 5.87% since inception which is more than its category average return of 4.97%
AUM size ₹106 Cr
This fund has AUM of ₹106 Cr which is less than its category average of ₹ 6049 Cr
Expense Ratio 0.22%
This fund has an expense ratio of 0.22% which is less than its category average expense ratio of 0.33%
Frequently Asked Questions
The current NAV of Mirae Asset Money Market Fund Direct Growth is ₹1165.71 as on 18-Apr-2024.
Existing (Absolute + CAGR) as on 18-Apr-2024.
Mirae Asset Money Market Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.82% | 0.82% |
6 Month Returns | 3.95% | 3.95% |
1 Year Returns | 7.66% | 7.66% |
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.
0.22% as on March 2024
₹106 Cr as on March 2024
Kotak Mahindra Bank Ltd.(10.53%), ICICI Bank Limited(8.94%), Punjab National Bank(8.84%), Indian Bank(7.9%), Canara Bank(6.13%) as on March 2024
Corporate(53.51%), Cash Equivalent(32.95%), Government(13.54%) as on March 2024
Yield to Maturity is 7.75 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 0.42 as on March 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
Amit Modani 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%