NAV as on 24-04-2025
₹ 1262.84
Inception Returns
6.5%
/yr
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.
Mirae Asset Money Market Fund Direct Growth has given a CAGR return of 6.50% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 8.21% and 7.19% respectively.
Mirae Asset Money Market Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are Bank Of India, Punjab National Bank, 364 Days Tbill (Md 05/03/2026), 364 Days Tbill Red 12-03-2026, Kotak Mahindra Bank Ltd.
As it is a money market mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.Invested after 1 April 2023, capital gains will be taxed at your income slab rate.Dividends will always be taxed at slab rate.
The investment objective of the scheme is to generate reasonable returns with low risk and provide liquidity by investing in money market instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be realized.
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 99.00. Mirae Asset Money Market Fund Direct Growth has no lock in period.
Expense ratio | 0.09% |
Benchmark | Nifty Money Market TR INR |
AUM | ₹2936 Cr |
Inception Date | 11 August, 2021 |
Min Lumpsum/SIP | ₹5000/₹99 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 368.14% |
STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
Risk | Low to Moderate Risk |
as on (24-Apr-25)
as on (31-Dec-69)
Top 2 Sectors in March were Corporate, Government
More funds from Mirae
1Y CAGR
▲ 10.25
3Y CAGR
▲ 7.32
5Y CAGR
▲ 6.69
3Y CAGR
▲ 7.27
Mirae Asset Money Market Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.16% | 1.16% |
6 Month Returns | 4.26% | 4.26% |
1 Year Returns | 8.21% | 8.21% |
3 Years Returns | 23.14% | 7.19% |
AAA | 100 |