Debt
Direct
Liquid
NAV as on 07-09-2024
₹ 2631.33
Inception Returns
6.7%
/yr
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.
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.
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
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.
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 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.
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 |
as on (07-Sep-24)
as on (31-Dec-69)
Top 2 Sectors in July were Corporate, Government
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% |
AAA | 100 |