Mirae Asset Money Market Fund Direct Growth
Debt
Direct
Money Market
NAV: ₹ 1171.33 as on 16-05-2024
About the Fund
Mirae Asset Money Market Fund Direct Growth is a debt fund. This fund was started on 11 August, 2021. The fund is managed by Amit Modani. This fund is suitable to keep your money safe.
Key Parameters
- Mirae Asset Money Market Fund Direct Growth has ₹145 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.2.
Fund Performance
12 people have invested ₹ 52K in Mirae Asset Money Market Fund Direct Growth in the last three months
Overview
 | 0.21% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹145 Cr |
 | 11 August, 2021 |
 | ₹5000/₹1000 |
 | 0% |
 | No Lock-in |
 TurnOver | 295.62% |
Mirae Asset Money Market Fund Direct Growth Distribution as on (31-Dec-69)
Credit rating breakup
AAA
100%
Sector Allocation
Corporate
57.8%
Cash Equivalent
31.3%
Government
11%
Top Holdings of Mirae Asset Money Market Fund Direct Growth as on (30-Apr-24)
Debt Holdings21
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Small Industries Development Bank Of India | 8.21% | 100% | |
Kotak Mahindra Bank Ltd. | 7.75% | 0% | |
ICICI Bank Limited | 6.59% | 0% | |
Punjab National Bank | 6.51% | 0% | |
HDFC Bank Limited | 6.47% | 100% |
See all
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 145.3 Cr as of Apr'24
- AUM increased by 38.9 Cr between Apr'24 and Mar'24
Fund Portfolio Changes
Peer Analysis
Fund Manager
Amit Modani
Fund Manager of Mirae Asset Money Market Fund Direct Growth, since 15 September 2023
Top funds managed
Mirae Asset Money Market Fund Direct 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 5.89% since inception which is more than its category average return of 4.96%
AUM size ₹145 Cr
This fund has AUM of ₹145 Cr which is less than its category average of ₹ 6863 Cr
Expense Ratio 0.21%
This fund has an expense ratio of 0.21% which is less than its category average expense ratio of 0.33%
Frequently Asked Questions
The current NAV of Mirae Asset Money Market Fund Direct Growth is ₹1171.33 as on 16-May-2024.
Existing (Absolute + CAGR) as on 16-May-2024.
Mirae Asset Money Market Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.57% | 0.57% |
6 Month Returns | 3.9% | 3.9% |
1 Year Returns | 7.62% | 7.62% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
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.
0.21% as on April 2024
₹145 Cr as on April 2024
Small Industries Development Bank Of India(8.21%), Kotak Mahindra Bank Ltd.(7.75%), ICICI Bank Limited(6.59%), Punjab National Bank(6.51%), HDFC Bank Limited(6.47%) as on April 2024
Corporate(57.75%), Cash Equivalent(31.29%), Government(10.96%) as on April 2024
Yield to Maturity is 7.54 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 0.66 as on April 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
Amit Modani is the fund manager of Mirae Asset Money Market Fund Direct Growth
The Exit load of Mirae Asset Money Market Fund Direct Growth is 0%