Mirae Asset Money Market Fund

The fund details shown here are of the Growth Plan option and belongs to the Debt, Money Market Fund category.

The NAV for Mirae Asset Money Market Fund Fund is 1,153.640 as of 16 Apr 2024. NAV or Net Asset Value, is a crucial metric in the context of mutual funds. It represents the per - unit market value of a mutual fund scheme. NAV is calculated by the fund house on every business day and is a key factor in determining the value of an investor's holdings in the mutual fund.

This fund has given % annualized return for the last 3 years.

At present Mirae Asset Money Market Fund has not been rated by us.

  • 1M
  • 3M
  • 6M
  • 1YR
  • 3YR
  • 5YR
  • 10YR
  • Since Inception

Performance

Monthly SIP of      for

Below table shows comparison of Mirae Asset Money Market Fund with respect to the investments in Fixed Deposit and Gold for the Total investment of 36,000 over the period of 3 years.

Total Value Gain Return %
Bank FD

39,824

3,824

6.5%
Gold

40,770

4,770

8.00%

Fund Information

  • As of 31 Jan 2024, fund size of Mirae Asset Money Market Fund is 108.03 Cr.

  • Mirae Asset Money Market Fund shown here is of Growth plan.

  • The Total Expense Ratio (TER) of the fund is 0.59%. The Total Expense Ratio (TER) is a measure that represents the total costs associated with managing and operating a mutual fund as a percentage of its average Assets under Management (AUM). It provides an insight into the overall expenses they will incur by investing in the fund.

  • Mirae Asset Money Market Fund is an Debt oriented mutual fund in the - Money Market Fund category.

  • NIFTY Money Market Index B-I is the benchmark for Mirae Asset Money Market Fund. A benchmark for a mutual fund serves as a standard for performance comparison, helping investors assess how well the fund is meeting its objectives and how it fares against relevant market indicators. Investors often compare the fund's performance with the benchmark as well as its peers.

  • The inception date of a mutual fund refers to the date when the fund was first established and began operations. It is the starting point from which the fund's performance, returns, and other key metrics are calculated. The fund was started on 31 Aug 2021 as at present it is 3 years old fund.

  • Name of the AMC is Mirae Asset Mutual Fund. Click here to know more about Mirae Asset Mutual Fund.

Fund Managed By

Fund managers make investment decisions, optimizing returns and managing risks for portfolios. Responsibilities include market analysis, performance monitoring. Mirae Asset Money Market Fund managed by following fund manager(s);

How does the Return Comparison of the Mirae Asset Money Market Fund fare against peer funds in the Money Market fund category?

Peer fund returns can vary based on the collaborative nature and specific strategies employed by fund managers of these funds listed in below table, often showcasing different risk-return profiles compared to strategy adopted by Mirae Asset Money Market Fund. Below table demonstrate the returns generated by some peer funds and compare tho this fund and average return generate by the Debt, Money Market fund category these peer funds belongs to.

Fund Name 1 Week 1 Month 3 Months 6 Months 1 Year 2 Years 3 Years 5 Years 10 Years
Category Best 0.39% 0.96% 5.50% 5.50% 7.35% 5.71% 5.12% 6.25% 69.50%
Category Average 0.34% 0.85% 4.60% 4.92% 6.86% 5.31% 4.80% 5.82% 12.02%
Mirae Asset Money Market Fund 0.16% 0.77% 1.96% 3.79% 7.25% 6.24% - - -
Nippon India Money Market Fund 0.16% 0.80% 2.08% 3.94% 7.64% 6.80% 5.83% 6.02% 6.93%
UTI Money Market Fund 0.17% 0.80% 2.03% 3.91% 7.65% 6.79% 5.81% 5.99% 6.93%
Kotak Money Market Fund 0.16% 0.79% 2.07% 3.92% 7.59% 6.72% 5.75% 5.87% 6.88%
Aditya Birla Sun Life Money Manager Fund 0.16% 0.80% 2.08% 3.95% 7.67% 6.78% 5.82% 6.13% 7.03%
Aditya Birla Sun Life Money Manager Fund 0.16% 0.80% 2.08% 3.95% 7.67% 6.78% 5.82% 6.13% 7.03%

Fund Portfolio Details

Portfolio details of a fund generally refer to a comprehensive breakdown of the investments held within a specific investment vehicle, such as a mutual fund or exchange-traded fund (ETF). Portfolio details of Mirae Asset Money Market Fund are shown below;

Equity -

Debt 99.27%

Others 0.73%

Top Holdings

Name of the InstrumentHolding Percentage
GOVERNMENT OF INDIA 33070 364 DAYS TBILL 13JU24 FV RS 100 9.02%
EXPORT IMPORT BANK OF INDIA CD 14MAR24 7.34%
ICICI BANK LIMITED CD 13JUN24 6.30%
INDIAN BANK CD 05MAR24 5.52%
CANARA BANK CD 05FEB24 4.62%
Others 67.20%

Allocation by Instruments

Type of the InstrumentHolding Percentage
TREASURY BILLS 13.64%
CERTIFICATE OF DEPOSIT 45.37%
COMMERCIAL PAPER 11.72%
GOVERNMENT SECURITIES 4.18%

Portfolio Holdings shown is as of 31 Jan 2024

Riskometer

Investors understand that their principal
will be at Moderate risk