Mirae Asset Liquid Fund Direct Growth
Debt
Direct
Liquid
NAV as on 07-09-2024
₹ 2631.33
Inception Returns
6.7%
/yr
About the Fund
Mirae Asset Liquid Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Abhishek Iyer. This fund is suitable to keep your money safe.
Key Parameters
- Mirae Asset Liquid Fund Direct Growth has ₹11965 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.1.
Returns
Mirae Asset Liquid Fund Direct Growth has given a CAGR return of 6.71% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.44%, 6.09% and 5.33% respectively.
Holdings
Mirae Asset Liquid Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Corporate, Government. Its top holdings are Union Bank Of India, National Housing Bank, 91 DTB 05092024, HDFC Bank Limited, 364 DTB 02052024
Taxation
As it is a liquid mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
Investment objective of Mirae Asset Liquid Fund Direct Growth
The investment objective of the scheme is to generate consistent returns with a high level of liquidity in a judicious portfolio mix comprising of money market and debt instruments. The Scheme does not guarantee any returns.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Mirae Asset Liquid Fund Direct Growth has no lock in period.
Historical NAV & Returns
Fund Overview
| Expense ratio | 0.1% |
Benchmark | CRISIL Liquid Fund TR INR |
| AUM | ₹11965 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 0.0% |
| Lock In | No Lock-in |
TurnOver | 240.16% |
| STCG | Selling within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at 12.5% without indexation. |
| Risk |   Low to Moderate Risk |
Trailing Returns
as on (07-Sep-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 10.7K Cr as of Jul'24
- AUM has remained same between Jul'24 and Jun'24
Top 2 Sectors in July were Corporate, Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Union Bank Of India | 2.31% | 0% | |
National Housing Bank | 2.15% | 0% | |
91 DTB 05092024 | 2.14% | 100% | |
HDFC Bank Limited | 2.14% | 100% | |
364 DTB 02052024 | 1.79% | 0% |
Mutual Fund Insights
Mirae Asset Liquid Fund Direct Growth Highlights
Low to Moderate Risk
About the fund
AUM size ₹0 Cr
Expense Ratio 0.1%
Frequently Asked Questions
Mirae Asset Liquid Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.59% | 0.59% |
6 Month Returns | 3.7% | 3.7% |
1 Year Returns | 7.44% | 7.44% |
3 Years Returns | 19.4% | 6.09% |
5 Years Returns | 29.62% | 5.33% |
- 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.
AAA | 100 |