Fund Overview
Fund Size
₹14,285 Cr
Expense Ratio
0.09%
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 12 years, 5 months and 18 days, having been launched on 01-Jan-13.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹2780.17, Assets Under Management (AUM) of 14285.45 Crores, and an expense ratio of 0.09%.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹2780.17, Assets Under Management (AUM) of 14285.45 Crores, and an expense ratio of 0.09%.
- Mirae Asset Cash Management Direct Growth has given a CAGR return of 6.75% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 0.00% in debts, and 99.80% 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
+7.31%
+7.26% (Cat Avg.)
3 Years
+7.05%
+6.85% (Cat Avg.)
5 Years
+5.62%
+5.49% (Cat Avg.)
10 Years
+6.29%
+5.50% (Cat Avg.)
Since Inception
+6.75%
— (Cat Avg.)
Portfolio Summaryas of 31st May 2025
| Others | ₹14,285.45 Cr | 100.00% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| 91 Days Tbill (Md 28/08/2025) | Bond - Gov't/Treasury | ₹542.67 Cr | 3.80% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹447.99 Cr | 3.14% |
| India (Republic of) | Bond - Short-term Government Bills | ₹445.83 Cr | 3.12% |
| 91 Days Tbill Red 21-08-2025 | Bond - Gov't/Treasury | ₹414.84 Cr | 2.90% |
| 182 DTB 27062025 | Bond - Gov't/Treasury | ₹373.48 Cr | 2.61% |
| 91 Days Tbill Red 12-06-2025 | Bond - Gov't/Treasury | ₹349.4 Cr | 2.45% |
| Canara Bank | Cash - CD/Time Deposit | ₹345.04 Cr | 2.42% |
| Indian Bank | Cash - CD/Time Deposit | ₹320.7 Cr | 2.24% |
| National Bank for Agriculture and Rural Development | Cash - Commercial Paper | ₹299.01 Cr | 2.09% |
| Treps | Cash - Repurchase Agreement | ₹272.29 Cr | 1.91% |
| Indian Bank | Cash - CD/Time Deposit | ₹249.66 Cr | 1.75% |
| Punjab National Bank | Bond - Gov't Agency Debt | ₹247.76 Cr | 1.73% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹247.72 Cr | 1.73% |
| Axis Bank Ltd. (Md 13/08/2025)**# | Cash - CD/Time Deposit | ₹246.97 Cr | 1.73% |
| India (Republic of) | Bond - Short-term Government Bills | ₹237.55 Cr | 1.66% |
| Small Industries Development Bank Of India | Cash - Commercial Paper | ₹224.02 Cr | 1.57% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹222.95 Cr | 1.56% |
| Hindustan Petroleum Corp Ltd. | Cash - Commercial Paper | ₹199.68 Cr | 1.40% |
| 182 DTB 12062025 | Bond - Gov't/Treasury | ₹199.66 Cr | 1.40% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹199.66 Cr | 1.40% |
| Punjab National Bank ** # | Cash - CD/Time Deposit | ₹199.42 Cr | 1.40% |
| National Bank For Agriculture And Rural Development | Cash - Commercial Paper | ₹199.21 Cr | 1.39% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹199.21 Cr | 1.39% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹197.75 Cr | 1.38% |
| Icici Securities Limited | Cash - Commercial Paper | ₹197.71 Cr | 1.38% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹197.42 Cr | 1.38% |
| Canara Bank | Cash - CD/Time Deposit | ₹197.36 Cr | 1.38% |
| National Bank For Agriculture And Rural Development | Cash - Commercial Paper | ₹197.27 Cr | 1.38% |
| Bank of Baroda | Bond - Corporate Bond | ₹197.19 Cr | 1.38% |
| Kotak Mahindra Bank Ltd. | Bond - Corporate Bond | ₹197.17 Cr | 1.38% |
| Kotak Securities Limited** | Cash - Commercial Paper | ₹149.89 Cr | 1.05% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹149.77 Cr | 1.05% |
| HDFC Securities Limited | Cash - Commercial Paper | ₹149.55 Cr | 1.05% |
| Godrej Consumer Products Ltd. | Cash - Commercial Paper | ₹149.42 Cr | 1.05% |
| Reliance Jio Infocomm Ltd. | Cash - Commercial Paper | ₹149.42 Cr | 1.05% |
| Indian Bank | Bond - Gov't Agency Debt | ₹148.63 Cr | 1.04% |
| Bank Of India | Cash - CD/Time Deposit | ₹148.37 Cr | 1.04% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹148.16 Cr | 1.04% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹148.15 Cr | 1.04% |
| Punjab National Bank | Bond - Gov't Agency Debt | ₹148.03 Cr | 1.04% |
| Bank of Baroda | Bond - Corporate Bond | ₹147.97 Cr | 1.04% |
| Small Industries Development Bank Of India | Cash - Commercial Paper | ₹147.86 Cr | 1.04% |
| Canara Bank | Cash - CD/Time Deposit | ₹124.76 Cr | 0.87% |
| Motilal Oswal Financial Services Ltd | Cash - Commercial Paper | ₹123.77 Cr | 0.87% |
| 360 One Prime Ltd. | Cash - Commercial Paper | ₹123.4 Cr | 0.86% |
| Axis Finance Ltd. | Cash - Commercial Paper | ₹123.4 Cr | 0.86% |
| Kotak Securities Ltd | Cash - Commercial Paper | ₹123.12 Cr | 0.86% |
| 360 One Prime Ltd. | Cash - Commercial Paper | ₹122.96 Cr | 0.86% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹99.91 Cr | 0.70% |
| Reliance Retail Ventures Limited** | Cash - Commercial Paper | ₹99.91 Cr | 0.70% |
| National Bk For Agriculture & Rural Dev. ** | Cash - Commercial Paper | ₹99.83 Cr | 0.70% |
| Bajaj Finance Limited (11/06/2025) ** | Cash - Commercial Paper | ₹99.82 Cr | 0.70% |
| Sikka Ports And Terminals Limited** | Cash - Commercial Paper | ₹99.81 Cr | 0.70% |
| 182 DTB 19062025 | Bond - Gov't/Treasury | ₹99.71 Cr | 0.70% |
| National Bank for Agriculture and Rural Development | Cash - Commercial Paper | ₹99.62 Cr | 0.70% |
| Indian Oil Corp Ltd. | Cash - Commercial Paper | ₹99.54 Cr | 0.70% |
| Canara Bank | Cash - CD/Time Deposit | ₹99.49 Cr | 0.70% |
| Tata Motors Finance Ltd. | Cash - Commercial Paper | ₹99.31 Cr | 0.70% |
| Reliance Jio Infocomm Ltd. | Cash - Commercial Paper | ₹99.23 Cr | 0.69% |
| HDFC Securities Limited | Cash - Commercial Paper | ₹99.21 Cr | 0.69% |
| HDFC Securities Limited | Cash - Commercial Paper | ₹99.17 Cr | 0.69% |
| HDFC Securities Limited | Cash - Commercial Paper | ₹99.07 Cr | 0.69% |
| 182 Days Tbill | Bond - Gov't/Treasury | ₹98.98 Cr | 0.69% |
| Indian Bank | Cash - CD/Time Deposit | ₹98.91 Cr | 0.69% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹98.89 Cr | 0.69% |
| Motilal Oswal Financial Services Ltd | Cash - Commercial Paper | ₹98.83 Cr | 0.69% |
| ICICI Securities Limited | Cash - Commercial Paper | ₹98.82 Cr | 0.69% |
| Indian Bank (Md 14/08/2025)**# | Cash - CD/Time Deposit | ₹98.78 Cr | 0.69% |
| Reliance Retail Ventures Limited | Cash - Commercial Paper | ₹98.76 Cr | 0.69% |
| Icici Securities Limited | Cash - Commercial Paper | ₹98.63 Cr | 0.69% |
| Axis Securities Limited | Cash - Commercial Paper | ₹98.58 Cr | 0.69% |
| Reliance Retail Ventures Limited | Cash - Commercial Paper | ₹98.56 Cr | 0.69% |
| Piramal Finance Limited | Cash - Commercial Paper | ₹98.51 Cr | 0.69% |
| Godrej Properties Ltd. | Cash - Commercial Paper | ₹98.49 Cr | 0.69% |
| Kotak Securities Ltd | Cash - Commercial Paper | ₹98.48 Cr | 0.69% |
| Icici Securities Limited | Cash - Commercial Paper | ₹98.45 Cr | 0.69% |
| Piramal Capital & Housing Finance Limited | Cash - Commercial Paper | ₹98.25 Cr | 0.69% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹84.88 Cr | 0.59% |
| 364 DTB 07082025 | Bond - Gov't/Treasury | ₹79.18 Cr | 0.55% |
| Icici Securities Limited | Cash - Commercial Paper | ₹74.63 Cr | 0.52% |
| Godrej Industries Ltd. | Cash - Commercial Paper | ₹74.25 Cr | 0.52% |
| Aditya Birla Money Ltd. | Cash - Commercial Paper | ₹74.11 Cr | 0.52% |
| Motilal Oswal Financial Services Ltd | Cash - Commercial Paper | ₹74 Cr | 0.52% |
| Kotak Mahindra Investments Ltd. | Cash - Commercial Paper | ₹49.93 Cr | 0.35% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹49.78 Cr | 0.35% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹49.63 Cr | 0.35% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹49.54 Cr | 0.35% |
| HDFC Securities Limited | Cash - Commercial Paper | ₹49.3 Cr | 0.35% |
| Kotak Securities Ltd | Cash - Commercial Paper | ₹49.3 Cr | 0.35% |
| Corporate Debt Market Development Fund - Class A2# | Mutual Fund - Open End | ₹28.26 Cr | 0.20% |
| Aditya Birla Money Limited | Cash - Commercial Paper | ₹24.71 Cr | 0.17% |
| Net Receivables / (Payables) | Cash | ₹7.17 Cr | 0.05% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - Commercial Paper | ₹5,328.79 Cr | 37.30% |
| Cash - CD/Time Deposit | ₹4,522.93 Cr | 31.66% |
| Bond - Gov't/Treasury | ₹2,157.94 Cr | 15.11% |
| Bond - Corporate Bond | ₹740.27 Cr | 5.18% |
| Bond - Short-term Government Bills | ₹683.38 Cr | 4.78% |
| Bond - Gov't Agency Debt | ₹544.42 Cr | 3.81% |
| Cash - Repurchase Agreement | ₹272.29 Cr | 1.91% |
| Mutual Fund - Open End | ₹28.26 Cr | 0.20% |
| Cash | ₹7.17 Cr | 0.05% |
Risk & Performance Ratios
Standard Deviation
This fund
0.23%
Cat. avg.
0.45%
Lower the better
Sharpe Ratio
This fund
2.41
Cat. avg.
-1.09
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
4.23
Higher the better
Fund Managers
Amit Modani
Since November 2024
Additional Scheme Detailsas of 31st May 2025
ISIN | INF769K01CM1 | Expense Ratio | 0.09% | Exit Load | No Charges | Fund Size | ₹14,285 Cr | Age | 12 years 5 months | 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
Capital Gains Taxation:
- For investments made on or after 1 April 2023: The entire capital gain is added to the investor's income and is taxed based on the applicable income tax slab.
- For investments made before 1 April 2023:
- If sold within 2 years of investment: The capital gains are added to the investor's income and taxed according to the applicable tax slab.
- If sold after 2 years of investment: The capital gains are taxed at a flat rate of 12.5%.
- Holding the units: No tax is applicable as long as you hold the units.
Dividend Taxation:
Dividends are considered part of the investor’s income and are taxed according to their applicable tax slab. Additionally, if an investor’s dividend income exceeds INR 5,000 in a financial year, a 10% Tax Deducted at Source (TDS) is withheld by the fund house before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only 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  |
|---|---|---|---|---|
| Unifi Liquid Fund Regular Growth Low to Moderate Risk | - | 0.0% | - | - |
| Unifi Liquid Fund Direct Growth Low to Moderate Risk | - | 0.0% | - | - |
| Angel One Nifty 1D Rate Liquid ETF - Growth Low Risk | 0.3% | - | ₹120.12 Cr | - |
| ICICI Prudential BSE Liquid Rate ETF - Growth Low Risk | 0.3% | - | ₹59.53 Cr | - |
| HDFC Nifty 1D Rate Liquid ETF - Growth Low Risk | 0.5% | - | ₹27.99 Cr | 5.3% |
| Mirae Asset Nifty 1D Rate Liquid ETF Low Risk | 0.1% | - | ₹277.02 Cr | - |
| Shriram Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹177.17 Cr | - |
| Shriram Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹177.17 Cr | - |
| Groww Nifty 1D Rate Liquid ETF Low Risk | 0.3% | - | ₹80.00 Cr | - |
| Bajaj Finserv Nifty 1D Rate Liquid ETF Low Risk | 0.2% | - | ₹846.26 Cr | 3.5% |
About the AMC
Total AUM
₹1,95,338 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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We're here to help.
What is the current NAV of Mirae Asset Cash Management Direct Growth?
The NAV of Mirae Asset Cash Management Direct Growth, as of 18-Jun-2025, is ₹2780.17.
What are the returns of Mirae Asset Cash Management Direct Growth?
The fund has generated 7.31% over the last 1 year and 7.05% 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 99.80% 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:-
- Amit Modani
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.