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Fund Overview

Fund Size

Fund Size

₹1,278 Cr

Expense Ratio

Expense Ratio

0.11%

ISIN

ISIN

INF769K01HN8

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

No Charges

Inception Date

Inception Date

11 Aug 2021

About this fund

Mirae Asset Money Market Fund Direct Growth is a Money Market mutual fund schemes offered by Mirae Asset India Mutual Fund. This fund has been in existence for 3 years, 3 months and 18 days, having been launched on 11-Aug-21.
As of 28-Nov-24, it has a Net Asset Value (NAV) of ₹1219.57, Assets Under Management (AUM) of 1277.56 Crores, and an expense ratio of 0.11%.
  • Mirae Asset Money Market Fund Direct Growth has given a CAGR return of 6.20% since inception.
  • The fund's asset allocation comprises around 0.00% in equities, 11.83% in debts, and 88.14% in cash & cash equivalents.
  • You can start investing in Mirae Asset Money Market Fund 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

+7.91%

+6.86% (Cat Avg.)

3 Years

+6.49%

+6.00% (Cat Avg.)

Since Inception

+6.20%

(Cat Avg.)

Portfolio Summaryas of 15th November 2024

Debt151.18 Cr11.83%
Others1,126.38 Cr88.17%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
182 DTB 27022025Bond - Gov't/Treasury98.21 Cr7.69%
TrepsCash - Repurchase Agreement81.17 Cr6.35%
Canara BankCash - CD/Time Deposit79.28 Cr6.21%
Punjab National BankCash - CD/Time Deposit73.34 Cr5.74%
Bank Of BarodaCash - CD/Time Deposit68.71 Cr5.38%
IIFL Finance LimitedCash - Commercial Paper49.59 Cr3.88%
182 DTB 06022025Bond - Gov't/Treasury49.29 Cr3.86%
ICICI Bank - 25/02/2025Cash - CD/Time Deposit49.03 Cr3.84%
Small Industries Development Bank of IndiaCash - CD/Time Deposit49.01 Cr3.84%
HDFC Bank LimitedCash - CD/Time Deposit48.94 Cr3.83%
Union Bank of IndiaCash - CD/Time Deposit48.75 Cr3.82%
Small Industries Development Bank Of IndiaCash - CD/Time Deposit47.99 Cr3.76%
HDFC Bank Ltd.Bond - Corporate Bond47.07 Cr3.68%
Indian BankCash - CD/Time Deposit30.3 Cr2.37%
Icici Securities LimitedCash - Commercial Paper29.32 Cr2.30%
Indostar Capital Finance LimitedCash - Commercial Paper24.87 Cr1.95%
Iifl Finance LimitedCash - Commercial Paper24.84 Cr1.94%
The Jammu And Kashmir Bank LimitedBond - Corporate Bond24.81 Cr1.94%
Sundaram Finance LimitedCash - Commercial Paper24.62 Cr1.93%
Export-Import Bank Of IndiaCash - Commercial Paper24.58 Cr1.92%
Union Bank Of IndiaCash - CD/Time Deposit24.51 Cr1.92%
Axis Bank LimitedCash - CD/Time Deposit24.5 Cr1.92%
Indian BankCash - CD/Time Deposit24.45 Cr1.91%
Icici Securities LimitedCash - Commercial Paper24.42 Cr1.91%
Icici Securities LimitedCash - Commercial Paper24.37 Cr1.91%
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)Cash - CD/Time Deposit24.02 Cr1.88%
National Bank For Agriculture And Rural DevelopmentCash - CD/Time Deposit23.95 Cr1.87%
Axis Bank LimitedCash - CD/Time Deposit23.64 Cr1.85%
Canara BankCash - CD/Time Deposit23.6 Cr1.85%
Kotak Mahindra Bank Ltd.Cash - CD/Time Deposit11.73 Cr0.92%
Union Bank Of IndiaCash - CD/Time Deposit9.8 Cr0.77%
ICICI Bank LimitedCash - CD/Time Deposit9.57 Cr0.75%
Infina Finance Private LimitedCash - Commercial Paper8.96 Cr0.70%
Canara BankCash - CD/Time Deposit6.83 Cr0.53%
08.06 MH Sdl 2025Bond - Gov't/Treasury5.01 Cr0.39%
Indostar Capital Finance LimitedCash - Commercial Paper4.99 Cr0.39%
364 DTB 13022025Bond - Gov't/Treasury4.92 Cr0.39%
Birla Group Holdings Private LimitedCash - Commercial Paper4.91 Cr0.38%
364 DTB 13032025Bond - Gov't/Treasury4.9 Cr0.38%
Shriram Housing Finance LimitedCash - Commercial Paper4.89 Cr0.38%
National Bank For Agriculture And Rural DevelopmentCash - CD/Time Deposit4.89 Cr0.38%
Motilal Oswal Financial Services LimitedCash - Commercial Paper3.81 Cr0.30%
08.09 HR Sdl 2025Bond - Gov't/Treasury1 Cr0.08%
Class A2 units of Alternative Investment Fund Units #Mutual Fund - Open End0.37 Cr0.03%
Net Receivables / (Payables)Cash-0.17 Cr0.01%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

InstrumentsAmount sortHoldings sort
Cash - CD/Time Deposit706.82 Cr55.33%
Cash - Commercial Paper254.15 Cr19.89%
Bond - Gov't/Treasury163.34 Cr12.79%
Cash - Repurchase Agreement81.17 Cr6.35%
Bond - Corporate Bond71.87 Cr5.63%
Mutual Fund - Open End0.37 Cr0.03%
Cash-0.17 Cr0.01%

Risk & Performance Ratios

Standard Deviation

This fund

0.47%

Cat. avg.

0.69%

Lower the better

Sharpe Ratio

This fund

1.19

Cat. avg.

-0.21

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

0.05

Higher the better

Fund Managers

Amit Modani

Amit Modani

Since September 2023

Additional Scheme Detailsas of 15th November 2024

ISIN
INF769K01HN8
Expense Ratio
0.11%
Exit Load
No Charges
Fund Size
₹1,278 Cr
Age
3 years 3 months
Lumpsum Minimum
₹5,000
Fund Status
Open Ended Investment Company
Benchmark
Nifty Money Market TR INR

Investment ObjectiveInvestment 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

iconCapital Gains Taxation:

iconDividend Taxation:

info icon

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 Money Market Funds

Fund nameExpense RatioExit LoadFund size
1Y
Edelweiss Money Market Fund Regular Growth

Low to Moderate Risk

0.8%0.0%₹1033.79 Cr7.0%
Union Money Market Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹182.68 Cr7.4%
Union Money Market Fund Regular Growth

Low to Moderate Risk

0.9%0.0%₹182.68 Cr6.6%
TRUSTMF Money Market Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹101.63 Cr7.5%
TRUSTMF Money Market Fund Regular Growth

Low to Moderate Risk

0.3%0.0%₹101.63 Cr7.4%
LIC MF Money Market Fund Direct Growth

Low Risk

0.6%0.0%₹23.97 Cr6.5%
LIC MF Money Market Fund Regular Growth

Low Risk

1.0%0.0%₹23.97 Cr6.1%
Tata Money Market Fund Regular Growth

Low to Moderate Risk

0.4%0.0%₹27059.75 Cr7.7%
Franklin India Money Market Fund Regular Growth

Low to Moderate Risk

0.3%0.0%₹2458.17 Cr7.6%
HDFC Money Market Fund Regular Growth

Low to Moderate Risk

0.4%0.0%₹27674.69 Cr7.7%

About the AMC

Mirae Asset India Mutual Fund

Mirae Asset India Mutual Fund

Total AUM

₹1,99,057 Cr

Address

Unit No. 606, 6th Floor, Mumbai, 400 098

Other Funds by Mirae Asset India Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Mirae Asset Multi Asset Allocation Fund Direct Growth

High Risk

0.4%1.0%₹1728.73 Cr-
Mirae Asset Great Consumer Fund Direct Growth

Very High Risk

0.4%1.0%₹4118.05 Cr26.3%
Mirae Asset Cash Management Direct Growth

Low to Moderate Risk

0.1%0.0%₹12782.74 Cr7.5%
Mirae Asset Emerging Bluechip Direct Growth

Very High Risk

0.6%1.0%₹38166.21 Cr27.9%
Mirae Asset Large Cap Fund Direct Growth

Very High Risk

0.6%1.0%₹39336.60 Cr23.7%
Mirae Asset Savings Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹1248.72 Cr8.1%
Mirae Asset Money Market Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹1277.56 Cr7.9%
Mirae Asset Focused Fund Direct Growth

Very High Risk

0.6%1.0%₹8250.40 Cr24.8%
Mirae Asset Dynamic Bond Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹138.05 Cr8.4%
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth

Very High Risk

0.7%0.0%₹1501.63 Cr58.9%
Mirae Asset Hybrid Equity Fund Direct Growth

Very High Risk

0.4%1.0%₹9025.09 Cr23.6%
Mirae Asset Equity Allocator Fund of Fund Direct Growth

Very High Risk

0.2%0.0%₹853.22 Cr27.0%
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth

Very High Risk

0.5%0.0%₹101.17 Cr23.7%
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth

Very High Risk

0.7%0.0%₹551.30 Cr50.1%
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹801.34 Cr8.9%
Mirae Asset Ultra Short Duration Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹1446.63 Cr7.9%
Mirae Asset Flexi Cap Fund Direct Growth

Very High Risk

0.5%1.0%₹2338.16 Cr28.7%
Mirae Asset Banking and Financial Services Fund Direct Growth

Very High Risk

0.6%1.0%₹1844.80 Cr23.8%
Mirae Asset Multicap Fund Direct Growth

Very High Risk

0.4%1.0%₹3361.07 Cr30.5%
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth

Very High Risk

0.5%0.0%₹112.83 Cr37.8%
Mirae Asset Tax Saver Fund Direct Growth

Very High Risk

0.6%0.0%₹24895.71 Cr30.6%
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth

Moderate Risk

0.1%0.0%₹69.40 Cr9.3%
Mirae Asset Corporate Bond Fund Direct Growth

Moderate Risk

0.2%0.0%₹42.69 Cr8.4%
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth

Very High Risk

0.7%0.0%₹88.54 Cr29.4%
Mirae Asset Equity Savings Fund Direct Growth

Moderately High risk

0.3%1.0%₹1353.36 Cr16.8%
Mirae Asset Banking and PSU Debt Fund Direct Growth

Moderate Risk

0.4%0.0%₹55.22 Cr8.4%
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth

Very High Risk

0.9%1.0%₹308.86 Cr32.2%
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth

Very High Risk

2.0%1.0%₹60.43 Cr3.3%
Mirae Asset Overnight Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹1109.68 Cr6.8%
Mirae Asset Short Term Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹365.74 Cr8.6%
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Direct Growth

Moderate Risk

0.1%0.0%₹250.33 Cr10.1%
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹93.69 Cr8.0%
Mirae Asset Healthcare Fund Direct Growth

Very High Risk

0.5%1.0%₹2770.21 Cr40.7%
Mirae Asset Arbitrage Fund Direct Growth

Low Risk

0.1%0.0%₹2839.16 Cr8.3%
Mirae Asset Midcap Fund Direct Growth

Very High Risk

0.6%1.0%₹16576.59 Cr31.9%
Mirae Asset Balanced Advantage Fund Direct Growth

High Risk

0.7%1.0%₹1742.15 Cr18.7%

Risk Level

Your principal amount will be at Low to Moderate Risk

Low to Moderate Risk
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The NAV of Mirae Asset Money Market Fund Direct Growth, as of 28-Nov-2024, is ₹1219.57.
The fund has generated 7.91% over the last 1 year and 6.49% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 0.00% in equities, 11.83% in bonds, and 88.14% in cash and cash equivalents.
The fund managers responsible for Mirae Asset Money Market Fund Direct Growth are:-
  1. Amit Modani