Fund Overview
Fund Size
₹10,074 Cr
Expense Ratio
0.10%
ISIN
INF769K01CM1
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
Mirae Asset Cash Management Direct Growth is a Liquid mutual fund schemes offered by Mirae Asset India Mutual Fund. This fund has been in existence for 11 years, 4 months and 17 days, having been launched on 01-Jan-13.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹2574.48, Assets Under Management (AUM) of 10073.98 Crores, and an expense ratio of 0.1%.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹2574.48, Assets Under Management (AUM) of 10073.98 Crores, and an expense ratio of 0.1%.
- Mirae Asset Cash Management Direct Growth has given a CAGR return of 6.69% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 0.00% in debts, and 99.79% in cash & cash equivalents.
- You can start investing in Mirae Asset Cash Management Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+7.36%
+5.99% (Cat Avg.)
3 Years
+5.69%
+4.83% (Cat Avg.)
5 Years
+5.29%
+4.25% (Cat Avg.)
10 Years
+6.44%
+5.14% (Cat Avg.)
Since Inception
+6.69%
— (Cat Avg.)
Portfolio Summaryas of 30th April 2024
| Others | ₹10,073.98 Cr | 100.00% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Net Receivables / (Payables) | Cash | ₹-1,003.45 Cr | 10.15% |
| India (Republic of) | Bond - Short-term Government Bills | ₹553.99 Cr | 5.60% |
| National Bank For Agriculture And Rural Development | Cash - Commercial Paper | ₹373.53 Cr | 3.78% |
| India (Republic of) | Bond - Short-term Government Bills | ₹349.03 Cr | 3.53% |
| Canara Bank | Cash - CD/Time Deposit | ₹297.61 Cr | 3.01% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹273.12 Cr | 2.76% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹272.72 Cr | 2.76% |
| Canara Bank | Bond - Gov't Agency Debt | ₹248.68 Cr | 2.52% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹248.64 Cr | 2.52% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹247.91 Cr | 2.51% |
| India (Republic of) | Bond - Short-term Government Bills | ₹198.66 Cr | 2.01% |
| Grasim Industries Ltd. | Cash - Commercial Paper | ₹198.6 Cr | 2.01% |
| India (Republic of) | Bond - Short-term Government Bills | ₹198.4 Cr | 2.01% |
| Punjab National Bank | Bond - Gov't Agency Debt | ₹198.33 Cr | 2.01% |
| 91 DTB 25072024 | Bond - Gov't/Treasury | ₹196.81 Cr | 1.99% |
| India (Republic of) | Bond - Short-term Government Bills | ₹187.42 Cr | 1.90% |
| Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | Cash - CD/Time Deposit | ₹173.51 Cr | 1.76% |
| Bank of Baroda | Bond - Corporate Bond | ₹149.39 Cr | 1.51% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹149.39 Cr | 1.51% |
| Indian Bank | Bond - Gov't Agency Debt | ₹149.39 Cr | 1.51% |
| Reliance Retail Ventures Limited | Cash - Commercial Paper | ₹149.03 Cr | 1.51% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹149.01 Cr | 1.51% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹148.95 Cr | 1.51% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹148.78 Cr | 1.51% |
| National Bank for Agriculture and Rural Development | Cash - Commercial Paper | ₹148.74 Cr | 1.50% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹148.72 Cr | 1.50% |
| 191 DTB 19072024 | Bond - Gov't/Treasury | ₹147.78 Cr | 1.50% |
| Indian Bank | Cash - CD/Time Deposit | ₹124.51 Cr | 1.26% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹123.66 Cr | 1.25% |
| Reliance Jio Infocomm Ltd. | Cash - Commercial Paper | ₹123.66 Cr | 1.25% |
| Motilal Oswal Financial Services Ltd | Cash - Commercial Paper | ₹109.95 Cr | 1.11% |
| Canara Bank | Cash - CD/Time Deposit | ₹104.29 Cr | 1.06% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹99.85 Cr | 1.01% |
| 360 One Prime Ltd. | Cash - Commercial Paper | ₹99.84 Cr | 1.01% |
| Motilal Oswal Finvest Limited | Cash - Commercial Paper | ₹99.8 Cr | 1.01% |
| 91 DTB 23052024 | Bond - Gov't/Treasury | ₹99.61 Cr | 1.01% |
| Small Industries Development Bank Of India | Cash - Commercial Paper | ₹99.55 Cr | 1.01% |
| Kotak Securities Ltd | Cash - Commercial Paper | ₹99.54 Cr | 1.01% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹99.48 Cr | 1.01% |
| India (Republic of) | Bond - Short-term Government Bills | ₹99.46 Cr | 1.01% |
| Larsen & Toubro Ltd. | Cash - Commercial Paper | ₹99.43 Cr | 1.01% |
| National Bank For Agriculture And Rural Development | Cash - Commercial Paper | ₹99.43 Cr | 1.01% |
| Tata Motors Finance Limited | Cash - Commercial Paper | ₹99.34 Cr | 1.01% |
| National Bank for Agriculture and Rural Development | Cash - Commercial Paper | ₹99.31 Cr | 1.00% |
| Small Industries Development Bank of India | Bond - Corporate Bond | ₹99.31 Cr | 1.00% |
| Bajaj Finance Limited | Cash - Commercial Paper | ₹99.31 Cr | 1.00% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹99.3 Cr | 1.00% |
| Indian Bank | Cash - CD/Time Deposit | ₹99.22 Cr | 1.00% |
| Bajaj Finance Limited | Cash - Commercial Paper | ₹99.19 Cr | 1.00% |
| Canara Bank | Cash - CD/Time Deposit | ₹99.18 Cr | 1.00% |
| Canara Bank | Bond - Gov't Agency Debt | ₹99.15 Cr | 1.00% |
| 182 DTB 20062024 | Bond - Gov't/Treasury | ₹99.06 Cr | 1.00% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹99.01 Cr | 1.00% |
| Bank Of Maharashtra | Bond - Gov't Agency Debt | ₹99 Cr | 1.00% |
| Bank of Baroda | Bond - Corporate Bond | ₹98.95 Cr | 1.00% |
| Icici Securities Limited | Cash - Commercial Paper | ₹98.9 Cr | 1.00% |
| Bajaj Finance Ltd. | Cash - Commercial Paper | ₹98.44 Cr | 1.00% |
| Axis Finance Ltd. | Cash - Commercial Paper | ₹98.43 Cr | 1.00% |
| Kotak Securities Ltd | Cash - Commercial Paper | ₹98.41 Cr | 1.00% |
| Axis Bank Limited** | Cash - CD/Time Deposit | ₹98.39 Cr | 1.00% |
| Network18 Media & Investments Limited | Cash - Commercial Paper | ₹98.25 Cr | 0.99% |
| HDFC Securities Limited | Cash - Commercial Paper | ₹98.24 Cr | 0.99% |
| Godrej Industries | Bond - Corporate Bond | ₹74.82 Cr | 0.76% |
| Bajaj Finance Ltd. | Cash - Commercial Paper | ₹74.69 Cr | 0.76% |
| Godrej Industries | Bond - Corporate Bond | ₹74.68 Cr | 0.76% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹74.62 Cr | 0.75% |
| Network18 Media & Investments Limited | Cash - Commercial Paper | ₹74.61 Cr | 0.75% |
| Godrej Industries | Cash - Commercial Paper | ₹74.56 Cr | 0.75% |
| Motilal Oswal Financial Services Ltd | Cash - Commercial Paper | ₹74.53 Cr | 0.75% |
| Godrej Housing Finance Limited | Cash - Commercial Paper | ₹74.5 Cr | 0.75% |
| Icici Securities Limited | Cash - Commercial Paper | ₹74.36 Cr | 0.75% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹49.84 Cr | 0.50% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹49.83 Cr | 0.50% |
| L&T Finance Holdings Ltd. | Bond - Corporate Bond | ₹49.81 Cr | 0.50% |
| 182 DTB 23052024 | Bond - Gov't/Treasury | ₹49.8 Cr | 0.50% |
| HDFC Securities Limited | Cash - Commercial Paper | ₹49.79 Cr | 0.50% |
| Godrej Agrovet Ltd. | Bond - Corporate Bond | ₹49.79 Cr | 0.50% |
| Julius Baer Capital (India) Private Limited | Cash - Commercial Paper | ₹49.77 Cr | 0.50% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹49.77 Cr | 0.50% |
| India (Republic of) | Bond - Short-term Government Bills | ₹49.73 Cr | 0.50% |
| Hsbc Investdirect Financial Services (I)Ltd | Cash - Commercial Paper | ₹49.71 Cr | 0.50% |
| Icici Securities Limited | Cash - Commercial Paper | ₹49.63 Cr | 0.50% |
| Icici Securities Limited | Cash - Commercial Paper | ₹49.58 Cr | 0.50% |
| Godrej Agrovet Ltd. | Cash - Commercial Paper | ₹49.49 Cr | 0.50% |
| 360 One Prime Ltd. | Cash - Commercial Paper | ₹49.49 Cr | 0.50% |
| Network18 Media & Investments Limited | Cash - Commercial Paper | ₹49.26 Cr | 0.50% |
| TV18 Broadcast Limited | Cash - Commercial Paper | ₹49.26 Cr | 0.50% |
| Godrej Industries | Cash - Commercial Paper | ₹49.18 Cr | 0.50% |
| LIC Housing Finance Ltd. | Cash - Commercial Paper | ₹44.76 Cr | 0.45% |
| 364 DTB 23052024 | Bond - Gov't/Treasury | ₹24.9 Cr | 0.25% |
| Class A2 units of Alternative Investment Fund Units # | Mutual Fund - Open End | ₹21.02 Cr | 0.21% |
| 182 DTB 06062024 | Bond - Gov't/Treasury | ₹14.9 Cr | 0.15% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - Commercial Paper | ₹3,825.72 Cr | 38.71% |
| Cash - CD/Time Deposit | ₹3,206.2 Cr | 32.44% |
| Bond - Short-term Government Bills | ₹1,636.69 Cr | 16.56% |
| Cash | ₹-1,003.45 Cr | 10.15% |
| Bond - Gov't Agency Debt | ₹794.54 Cr | 8.04% |
| Bond - Corporate Bond | ₹770.25 Cr | 7.79% |
| Bond - Gov't/Treasury | ₹632.86 Cr | 6.40% |
| Mutual Fund - Open End | ₹21.02 Cr | 0.21% |
Risk & Performance Ratios
Standard Deviation
This fund
0.49%
Cat. avg.
0.50%
Lower the better
Sharpe Ratio
This fund
0.77
Cat. avg.
-2.15
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-1.09
Higher the better
Fund Managers
Abhishek Iyer
Since December 2020
Additional Scheme Detailsas of 30th April 2024
| ISIN | INF769K01CM1 | Expense Ratio | 0.10% | Exit Load | No Charges | Fund Size | ₹10,074 Cr | Age | 01 Jan 2013 | Lumpsum Minimum | ₹5,000 | Fund Status | Open Ended Investment Company | Benchmark | Nifty Liquid TR INR |
|---|
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Withdrawal (irrespective of holding period)
Realised Gain (capital gains) are taxed at your marginal income tax rate
Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Liquid Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Canara Robeco Liquid Fund Regular Growth Low to Moderate Risk | 0.2% | 0.0% | ₹3624.26 Cr | 7.3% |
| Navi Liquid Fund Regular Growth Low to Moderate Risk | 0.2% | 0.0% | ₹92.37 Cr | 6.9% |
| Motilal Oswal Liquid Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹594.57 Cr | 6.8% |
| Motilal Oswal Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹594.57 Cr | 7.0% |
| Kotak Nifty 1D Rate Liquid ETF Low Risk | 0.2% | - | ₹48.10 Cr | 6.0% |
| Invesco India Liquid Fund Regular Growth Low to Moderate Risk | 0.2% | 0.0% | ₹10053.20 Cr | 7.2% |
| TrustMF Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹228.88 Cr | 7.3% |
| 360 ONE Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹720.33 Cr | 7.1% |
| 360 ONE Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹720.33 Cr | 7.1% |
| TrustMF Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹228.88 Cr | 7.1% |
About the AMC
Total AUM
₹1,63,012 Cr
Address
Unit No. 606, 6th Floor, Mumbai, 400 098
Other Funds by Mirae Asset India Mutual Fund
Risk Level
Your principal amount will be at Low to Moderate Risk
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What is the current NAV of Mirae Asset Cash Management Direct Growth?
The NAV of Mirae Asset Cash Management Direct Growth, as of 17-May-2024, is ₹2574.48.
What are the returns of Mirae Asset Cash Management Direct Growth?
The fund has generated 7.36% over the last 1 year and 5.69% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Mirae Asset Cash Management Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 0.00% in bonds, and 99.79% in cash and cash equivalents.
Who manages the Mirae Asset Cash Management Direct Growth?
The fund managers responsible for Mirae Asset Cash Management Direct Growth are:-
- Abhishek Iyer
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.