3 Year return
5.65%Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Moderate Risk
Asset Under Management
₹6871.66 Cr.
Expense Ratio
0.12% (inclusive of GST)
Exit Load
0.0070% - If redemption/switch out within 1 days from the date of allotment. 0.0065% - If redemption/switch out within 2 days from the date of allotment. 0.0060% - If redemption/switch out within 3 days from the date of allotment. 0.0055% - If redemption/switch out within 4 days from the date of allotment. 0.0050% - If redemption/switch out within 5 days from the date of allotment. 0.0045% - If redemption/switch out within 6 days from the date of allotment. Nil - If redemption/switch out within 7 days from the date of allotment.
Tax Implications
Withdrawal within 3 years
Tax based on your income tax bracket
Withdrawal after 3 years
20% tax after indexation (adjusting for inflation)
Fund Holdings
Mirae Asset Mutual Fund Managers
MJ
Mahendra Jajoo
Fund Manager since Mar 2023
Fund House Details
Mirae Asset Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
|
Funds
|
3 Y Returns
|
ARQ Rating
|
|---|---|---|
|
Axis Liquid Fund Direct Plan Monthly IDCW Payout |
5.66% |
5 |
|
LIC MF Liquid Fund Direct Plan Daily IDCW Reinvestment |
5.67% |
2 |
|
PGIM India Liquid Fund Direct Plan Monthly Dividend Payout |
5.65% |
2.5 |
Schemes by Mirae Asset Mutual Fund
List of mutual fund schemes by AMC
Hybrid . Aggressive Hybrid Fund
Mirae Asset Aggressive Hybrid Fund Direct Plan Growth
Hybrid . Aggressive Hybrid Fund
Mirae Asset Aggressive Hybrid Fund Direct Plan IDCW Payout
Hybrid . Aggressive Hybrid Fund
Mirae Asset Aggressive Hybrid Fund Direct Plan IDCW Reinvestment
Hybrid . Arbitrage Fund
Mirae Asset Arbitrage Fund Direct Growth
Hybrid . Arbitrage Fund
Mirae Asset Arbitrage Fund Direct IDCW Payout
About the Fund Mirae Asset Cash Management Fund Direct Plan Growth
The Mirae Asset Cash Management Fund Direct Plan Growth is a liquid fund managed by Mirae Asset Mutual Fund. It is a direct plan, which means that there are no brokerage fees involved when you invest in the fund. The fund invests in a portfolio of money market instruments such as treasury bills, commercial papers, and certificates of deposit. These are short-term debt securities that mature in less than 91 days.
Investment Objectives of the Scheme
The investment objective of the Mirae Asset Cash Management Fund Direct Plan Growth is to generate returns that are linked to short-term rates like MIBOR and CBLO etc. and provide higher liquidity by investing in a portfolio of debt and money market instruments.
Key Features of The Fund
| 5-year return | 5.29% |
| Expense Ratio | 0.12% |
| Fund Manager | Mahendra Jajoo |
| Fund Size | ₹6871.66 Cr |
| Risk Profile | Moderate |
Is This Scheme Right for Me?
The Mirae Asset Cash Management Fund Direct Plan Growth is a low-risk investment. It is suitable for investors who need to park their money for a short period of time and are looking for a safe investment option. However, the fund does not offer the potential for high returns. It is not suitable for investors who are looking to grow their money significantly in the short term.
AMC Contact Details
| Name | Mirae Asset Mutual Fund |
| Launch Date | November 2007 |
| Addresss | Unit No. 606, 6th Floor, Windsor Bldg, Off CST Road, Kalina, Santacruz (East), Mumbai - 400 098. |
| Contact | 1800-2090-777 |
| customercare@miraeasset.com | |
| Website | https://www.miraeassetmf.co.in/ |
Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.
FAQs
What is today's NAV of Mirae Asset Liquid Fund?
What is the AUM of Mirae Asset Liquid Fund?
What is the expense ratio of Mirae Asset Liquid Fund?
What are the returns of Mirae Asset Liquid Fund since inception?
What is the minimum SIP amount to invest in Mirae Asset Liquid Fund?
How do I invest in Mirae Asset Liquid Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in Mirae Asset Liquid Fund?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in Mirae Asset Liquid Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in Mirae Asset Liquid Fund?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.
