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Mirae Asset Cash Management Fund


1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

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 0.80 0.01 0.10 0.46 1.30 2.70 6.26 6.78 7.01 7.43 7.19
CCIL T Bill Liquidity Weight 0.52 -0.03 0.04 0.28 0.83 1.77 4.03 4.10 4.46 4.76 4.71
Debt: Liquid 0.77 0.01 0.09 0.44 1.26 2.62 6.09 6.56 6.98 7.58 7.77
Rank within category 8 11 9 5 12 16 18 20 28 29 27
Number of funds in category 40 40 40 40 40 40 39 36 35 34 29

As on 25-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.26 (31-Mar-2014 - 07-Apr-2014) 0.01 (05-Apr-2009 - 12-Apr-2009)
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 6.60 0.22 4.25 6.39 0.32 1.44
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Liquid 6.34 0.51 3.67 6.02 0.52 1.51
Rank within category 21 15 19 19 9 28
Number of funds in category 36 36 36 34 36 36

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

As on 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 55 66 44 55
Modified Duration (yrs) 0.09 0.14 0.07 0.08
Average Maturity (yrs) 0.09 0.14 0.07 0.09
Yield to Maturity (%) 5.54 7.43 5.20 5.35

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reserve Bank of India 182-D 12/03/2020 Treasury Bills SOV 0.00 - 5.83 5.83
equal IRFC 89-D 17/02/2020 Commercial Paper A1+ 0.00 - 5.60 4.68
new Reserve Bank of India 63-D 17/03/2020 Treasury Bills SOV 0.00 - 3.61 3.61
new Indian Oil Corp. 42-D 17/02/2020 Commercial Paper A1+ 0.00 - 3.51 3.51
up Reserve Bank of India 76-D 17/03/2020 Cash Management Bill SOV 0.00 - 3.49 3.49
new Motilal Oswal Financial 60-D 24/03/2020 Commercial Paper A1+ 0.00 - 3.48 3.48
equal Reliance Retail Ltd. 97-D 09/03/2020 Commercial Paper A1+ 0.00 - 3.49 2.91
equal Chennai Petroleum Corp. 34-D 03/02/2020 Commercial Paper A1+ 0.00 - 2.81 2.34
equal Syndicate Bank 2020 Certificate of Deposit A1+ 0.00 - 2.81 2.34
new Reliance Jio Infocomm 85-D 04/02/2020 Commercial Paper A1+ 0.00 - 2.34 2.34
new Axis Bank 2020 Securitised Debt A1+ 0.00 - 2.34 2.34
equal RBL Bank 18/02/2020 Certificate of Deposit A1+ 0.00 - 2.80 2.34
equal Aditya Birla Fashion and Retail 90-D 05/03/2020 Commercial Paper A1+ 0.00 - 2.79 2.33
equal Oriental Bank of Com. 13/03/2020 Certificate of Deposit A1+ 0.00 - 2.79 2.33
equal Manappuram Finance 90-D 12/03/2020 Commercial Paper A1+ 0.00 - 2.79 2.33
equal National Housing Bank 90-D 17/03/2020 Commercial Paper A1+ 0.00 - 2.79 2.33
equal Reserve Bank of India 91-D 19/03/2020 Treasury Bills SOV 0.00 - 2.79 2.33
equal Reliance Jio Infocomm 90-D 26/03/2020 Commercial Paper A1+ 0.00 - 2.79 2.33
new Indusind Bank 21/04/2020 Certificate of Deposit A1+ 0.00 - 2.32 2.32
new The Ramco Cements 28-D 07/02/2020 Commercial Paper A1+ 0.00 - 1.76 1.76
new HDFC 363-D 13/02/2020 Commercial Paper A1+ 0.00 - 1.76 1.76
equal Axis Bank 17/03/2020 Certificate of Deposit A1+ 0.00 - 2.09 1.75
equal Reserve Bank of India 182-D 06/02/2020 Treasury Bills SOV 0.00 - 1.40 1.17
equal Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 1.40 1.17
equal Bank of Baroda 18/02/2020 Certificate of Deposit A1+ 0.00 - 1.40 1.17

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-Jan-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 25-Feb-2020

Growth: ₹ 2,057.6582

Dividend Weekly: ₹ 1,153.5191

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Dividend Monthly: ₹ 1,152.4575

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: 6.70%
Benchmark: CRISIL Liquid
Riskometer: Low
Type: Open-ended
Assets: ₹ 4,265 Cr (As on 31-Jan-2020)
Expense: 0.21% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily24-Feb-20200.1068

 23-Feb-20200.3304
 20-Feb-20200.1042
 19-Feb-20200.1093
 18-Feb-20200.1096
 17-Feb-20200.1089
 16-Feb-20200.2184
 14-Feb-20200.1130
 13-Feb-20200.1132
 12-Feb-20200.1155
 11-Feb-20200.1306
 10-Feb-20200.1091
 09-Feb-20200.2208
 07-Feb-20200.1136
 06-Feb-20200.1154
 05-Feb-20200.1099
 04-Feb-20200.1116
 03-Feb-20200.1065
 02-Feb-20200.2154
 31-Jan-20200.1051
 30-Jan-20200.1193
 29-Jan-20200.1148
 28-Jan-20200.1119
 27-Jan-20200.1077
 26-Jan-20200.2183
Dividend Monthly24-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
 24-May-20184.5315
 24-Apr-20184.8818
 26-Mar-20184.4699
 26-Feb-20184.8998
Dividend Weekly19-Feb-20200.8345

 12-Feb-20200.8703
 05-Feb-20200.8305
 29-Jan-20200.8256
 22-Jan-20200.8155
 15-Jan-20200.7378
 08-Jan-20200.8418
 01-Jan-20200.7076
 26-Dec-20190.9371
 18-Dec-20190.7826
 11-Dec-20190.7952
 04-Dec-20190.8610
 27-Nov-20190.8495
 20-Nov-20190.8391
 13-Nov-20190.8210
 06-Nov-20190.7660
 30-Oct-20190.8434
 23-Oct-20190.7980
 16-Oct-20190.9490
 09-Oct-20190.8345
 03-Oct-20191.2048
 25-Sep-20190.6971
 18-Sep-20190.8581
 11-Sep-20190.8969
 04-Sep-20190.8745

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: 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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