Mirae Asset Liquid Fund Direct Plan Growth
Debt
Direct
Liquid
NAV: ₹ 2573.96 as on 16-05-2024
About the Fund
Mirae Asset Liquid Fund Direct Plan 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 Plan Growth has ₹10074 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.
Fund Performance
467 people have invested ₹ 6.2Cr in Mirae Asset Liquid Fund Direct Plan Growth in the last three months
Overview
 | 0.1% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹10074 Cr |
 | 1 January, 2013 |
 | ₹5000/₹1000 |
 Exit Load | 0.007% |
 | No Lock-in |
 TurnOver | 666.53% |
Mirae Asset Liquid Fund Direct Plan Growth Distribution as on (31-Dec-69)
Credit rating breakup
AAA
100%
Sector Allocation
Cash Equivalent
56.9%
Corporate
23.2%
Government
19.9%
Top Holdings of Mirae Asset Liquid Fund Direct Plan Growth as on (30-Apr-24)
Debt Holdings84
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 National Bank For Agriculture And Rural Development | 3.78% | 0% | |
Canara Bank | 3.01% | 0% | |
Bank Of Baroda | 2.76% | 0% | |
ICICI Bank Limited | 2.76% | 0% | |
Small Industries Development Bank Of India | 2.52% | 66.7% |
See all
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 6.9K Cr as of Apr'24
- AUM has remained same between Apr'24 and Mar'24
Fund Portfolio Changes
Mutual Fund Insights
This fund has one of the lowest expense ratio in the category (liquid). Its expense ratio is 0.1% which is lower than the category average expense ratio of 0.26%.
Over the last 1 month, this fund has experienced a 46.6% growth in AUM moving from 6.87K Cr to 10.07K Cr.
Over the last 1 year, this fund has decreased expense ratio by 28.6% moving from 0.14 to 0.10.
In the last 5 years, Quant Liquid Plan Growth Option Direct Plan has given 5.77% return, outperforming this fund by 0.48% per annum.
In the last 3 years, Quant Liquid Plan Growth Option Direct Plan has given 5.76% return, outperforming this fund by 0.09% per annum.
In the last 1 year, Edelweiss Liquid Fund Direct Growth has given 7.41% return, outperforming this fund by 0.05%.
Peer Analysis
Fund Manager
Abhishek Iyer
Fund Manager of Mirae Asset Liquid Fund Direct Plan Growth, since 28 December 2020
Top funds managed
Mirae Asset Liquid Fund Direct Plan Growth Highlights
Low to Moderate Risk
Investors understand that their principal will be at Low to Moderate Risk
About the fund
This fund has delivered an average annual returns of 6.69% since inception which is more than its category average return of 4.81%
AUM size ₹10074 Cr
This fund has AUM of ₹10074 Cr which is less than its category average of ₹ 12184 Cr
Expense Ratio 0.1%
This fund has an expense ratio of 0.1% which is less than its category average expense ratio of 0.24%
Frequently Asked Questions
The current NAV of Mirae Asset Liquid Fund Direct Plan Growth is ₹2573.96 as on 16-May-2024.
Existing (Absolute + CAGR) as on 16-May-2024.
Mirae Asset Liquid Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.55% | 0.55% |
6 Month Returns | 3.72% | 3.72% |
1 Year Returns | 7.36% | 7.36% |
3 Years Returns | 18.02% | 5.68% |
5 Years Returns | 29.38% | 5.29% |
With INDmoney, the process of investing is very simple and involves zero commission.
- 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.
0.1% as on April 2024
₹10074 Cr as on April 2024
National Bank For Agriculture And Rural Development(3.78%), Canara Bank(3.01%), Bank Of Baroda(2.76%), ICICI Bank Limited(2.76%), Canara Bank(2.52%) as on April 2024
Cash Equivalent(56.93%), Corporate(23.17%), Government(19.9%) as on April 2024
Yield to Maturity is 7.25 as on April 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.12 as on April 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
Abhishek Iyer is the fund manager of Mirae Asset Liquid Fund Direct Plan Growth
The Exit load of Mirae Asset Liquid Fund Direct Plan Growth is 0.01%