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3 star

Mirae Asset Cash Management Fund


Debt: Liquid

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Liquid funds invest in bonds having maturity of up to 3 months. They are suitable to park the amount that you have set aside to meet any emergency needs or any surplus money that you don't need for the next few months to an year. You can expect to earn better returns than what you would get from a bank account.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.

Remember, these are suitable only to invest for a short time frame of up to one year. Do not invest in this, or any other Liquid fund, if your aim is to build wealth in the long run.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 2.60 0.01 0.06 0.31 1.06 2.47 5.38 6.57 6.74 7.31 7.24
CCIL T Bill Liquidity Weight 2.04 0.00 0.04 0.24 0.86 1.94 3.94 4.14 4.32 4.70 4.78
Debt: Liquid 2.47 0.01 0.06 0.30 1.02 2.34 5.18 6.33 6.69 7.37 7.76
Rank within category 18 24 21 19 23 18 21 19 27 29 28
Number of funds in category 40 40 40 40 40 40 40 36 35 34 31

As on 09-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Mirae Asset Cash Management Fund  | Invest Online
3 star
Jan-09 5.38 6.57 6.74 0.20 3,537
ICICI Prudential Liquid Fund  | Invest Now
4 star
Nov-05 5.53 6.61 6.95 0.32 57,566
Aditya Birla Sun Life Liquid Fund  | Invest Online
4 star
Mar-04 5.59 6.67 7.00 0.30 43,090
Nippon India Liquid Fund  | Invest Online
5 star
Dec-03 5.55 6.67 6.99 0.27 31,728
Axis Liquid Fund  | Invest Online
4 star
Oct-09 5.54 6.66 6.99 0.22 27,032

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.46 (24-Mar-2020 - 31-Mar-2020) -0.16 (17-Mar-2020 - 24-Mar-2020)
Month 0.85 (08-Aug-2013 - 09-Sep-2013) 0.13 (07-Apr-2009 - 07-May-2009)
Quarter 2.36 (28-Jul-2013 - 27-Oct-2013) 0.46 (05-Apr-2009 - 05-Jul-2009)
Year 9.12 (26-Jul-2013 - 27-Jul-2014) 2.19 (31-Mar-2009 - 31-Mar-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.41 0.29 3.77 5.17 0.43 1.63
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Liquid 6.19 0.50 3.21 4.32 0.56 1.58
Rank within category 19 20 18 16 11 24
Number of funds in category 36 36 36 36 36 36

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 43 58 43 57
Modified Duration (yrs) 0.08 0.13 0.07 --
Average Maturity (yrs) 0.08 0.13 0.07 --
Yield to Maturity (%) 3.70 6.41 3.70 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 5.02 4.24
new National Housing Bank 89-D 10/06/2020 Commercial Paper A1+ 0.00 - 2.82 2.82
equal Bank of India 15/06/2020 Certificate of Deposit A1+ 0.00 - 3.34 2.82
equal Reliance Jio Infocomm 91-D 22/06/2020 Commercial Paper A1+ 0.00 - 3.33 2.82
equal ICICI Securities 59-D 19/06/2020 Commercial Paper A1+ 0.00 - 2.90 2.82
equal Tata Capital Financial Services 91-D 22/07/2020 Commercial Paper A1+ 0.00 - 2.88 2.81
new Reserve Bank of India 91-D 27/08/2020 Treasury Bills SOV 0.00 - 2.81 2.81
equal Muthoot Finance 91-D 27/07/2020 Commercial Paper A1+ 0.00 - 2.87 2.81
new Reliance Industries 91-D 18/08/2020 Commercial Paper A1+ 0.00 - 2.80 2.80
equal Manappuram Finance 91-D 27/07/2020 Commercial Paper A1+ 0.00 - 2.87 2.80
new Reserve Bank of India 182-D 18/06/2020 Treasury Bills SOV 0.00 - 2.12 2.12
equal Reliance Industries 91-D 01/06/2020 Commercial Paper A1+ 0.00 - 1.67 1.41
equal Chennai Petroleum Corp. 61-D 03/06/2020 Commercial Paper A1+ 0.00 - 1.46 1.41
equal SIDBI 2020 Certificate of Deposit A1+ 0.00 - 1.67 1.41
equal Union Bank of India 2020 Certificate of Deposit A1+ 0.00 - 1.46 1.41
equal Axis Bank 15/06/2020 Certificate of Deposit A1+ 0.00 - 1.67 1.41
equal REC 88-D 15/06/2020 Commercial Paper A1+ 0.00 - 1.67 1.41
equal Reliance Jio Infocomm 91-D 15/06/2020 Commercial Paper A1+ 0.00 - 1.67 1.41
equal Punjab National Bank 19/06/2020 Certificate of Deposit A1+ 0.00 - 1.67 1.41
equal Reliance Industries 91-D 17/06/2020 Commercial Paper A1+ 0.00 - 1.67 1.41
equal Union Bank of India 22/06/2020 Certificate of Deposit A1+ 0.00 - 1.45 1.41
new Chennai Petroleum Corp. 50-D 23/06/2020 Commercial Paper A1+ 0.00 - 1.41 1.41
new Reserve Bank of India 91-D 25/06/2020 Treasury Bills SOV 0.00 - 1.41 1.41
new Reliance Retail Ltd. 49-D 26/06/2020 Commercial Paper A1+ 0.00 - 1.41 1.41
equal Tata Motors Finance 90-D 18/06/2020 Commercial Paper A1+ 0.00 - 1.66 1.41

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-May-2020

Fund Manager

— Mahendra Kumar Jajoo since 08-Sep-2016

Education: Mr. Jajoo is a B.Com (H), CS, Chartered Accountant and CFA.

Experience: Prior to joining Mirae Asset Mutual Fund he was Director with AUM Capital Markets Ltd. and also been associated with organisations like PGIM India Mutual Fund, Tata Asset Management Company, BNP Paribas Asset Management India Pvt. Ltd., ABN Amro Securities India Pvt. Ltd. and ICICI Group.

Funds Managed:


0.01%

Change from previous, NAV as on 09-Jul-2020

Growth: ₹ 2,094.5353

Dividend Weekly: ₹ 1,152.6766

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Dividend Monthly: ₹ 1,153.9310

Dividend Daily: ₹ 1,066.4347


Investment Strategy

The investment objective of the scheme is to seek to generate returns linked to short end rates like MIBOR and CBLO etc. and provide higher liquidity by investing in a portfolio of debt and money market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 5
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1,000
Exit Load Exit load of 0.0070% if redeemed within 1 day
0.0065% if redeemed within 2 days
0.0060% if redeemed within 3 days
0.0055% if redeemed within 4 days
0.0050% if redeemed within 5 days
0.0045% if redeemed within 6 days.

Basic Details

Fund House: Mirae Asset Mutual Fund
Launch Date: 12-Jan-2009
Return Since Launch: 6.64%
Benchmark: CRISIL Liquid
Riskometer: Low
Type: Open-ended
Assets: ₹ 3,537 Cr (As on 31-May-2020)
Expense: 0.20% (As on 31-May-2020)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily08-Jul-20200.0987

 07-Jul-20200.0831
 06-Jul-20200.0702
 05-Jul-20200.1806
 03-Jul-20200.0626
 02-Jul-20200.0912
 01-Jul-20200.1675
 30-Jun-20200.1444
 29-Jun-20200.0803
 28-Jun-20200.1830
 26-Jun-20200.0944
 25-Jun-20200.1370
 24-Jun-20200.1253
 23-Jun-20200.1090
 22-Jun-20200.1149
 21-Jun-20200.1887
 19-Jun-20200.1345
 18-Jun-20200.1101
 17-Jun-20200.1113
 16-Jun-20200.0985
 15-Jun-20200.1239
 14-Jun-20200.2205
 12-Jun-20200.1598
 11-Jun-20200.1628
 10-Jun-20200.1072
Dividend Weekly08-Jul-20200.6333

 01-Jul-20200.8719
 24-Jun-20200.8459
 17-Jun-20200.9505
 10-Jun-20200.7335
 03-Jun-20200.6653
 27-May-20200.8702
 20-May-20201.1487
 13-May-20201.1966
 06-May-20201.1114
 29-Apr-20200.5129
 22-Apr-20201.6410
 15-Apr-20201.0870
 08-Apr-20200.9482
 02-Apr-20203.7879
 18-Mar-20200.5002
 11-Mar-20200.9381
 04-Mar-20200.8763
 26-Feb-20200.8173
 19-Feb-20200.8345
 12-Feb-20200.8703
 05-Feb-20200.8305
 29-Jan-20200.8256
 22-Jan-20200.8155
 15-Jan-20200.7378
Dividend Monthly24-Jun-20203.2835

 26-May-20204.4766
 24-Apr-20209.5802
 24-Mar-20201.2351
 24-Feb-20203.7180
 24-Jan-20203.5661
 24-Dec-20193.3749
 25-Nov-20193.7476
 24-Oct-20194.0293
 24-Sep-20193.4654
 26-Aug-20194.5261
 24-Jul-20194.5697
 24-Jun-20194.6864
 24-May-20194.8920
 24-Apr-20195.2545
 25-Mar-20194.5610
 25-Feb-20195.1116
 24-Jan-20195.0594
 24-Dec-20184.5650
 26-Nov-20185.6369
 24-Oct-20184.9899
 24-Sep-20184.9330
 24-Aug-20184.9473
 24-Jul-20184.8702
 25-Jun-20185.4911

Contact Information

AMC: Mirae Asset Investment Managers (India) Pvt. Ltd.

Address: Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai - 400098

Phone: 022-67800301 / 1800-2090-777

Email: [email protected]

Website: http://www.miraeassetmf.co.in

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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