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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 three months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don't need for a few weeks up to a 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 funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable 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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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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 3.58 0.01 0.06 0.29 0.83 1.78 4.59 6.24 6.51 7.05 7.19
CCIL T Bill Liquidity Weight 2.74 0.03 0.07 0.27 0.61 1.26 3.37 3.98 4.14 4.58 4.76
Debt: Liquid 3.39 0.01 0.06 0.28 0.81 1.72 4.36 6.00 6.41 7.10 7.68
Rank within category 17 6 22 10 5 18 18 19 27 29 28
Number of funds in category 42 42 42 42 42 42 42 36 35 34 31

As on 23-Oct-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 4.59 6.24 6.51 0.21 2,919
ICICI Prudential Liquid Fund  | Invest Now
4 star
Nov-05 4.71 6.29 6.68 0.32 44,170
Aditya Birla Sun Life Liquid Fund  | Invest Online
5 star
Mar-04 4.74 6.35 6.72 0.31 32,611
Nippon India Liquid Fund  | Invest Online
5 star
Dec-03 4.70 6.35 6.72 0.30 24,930
Axis Liquid Fund
4 star
Oct-09 4.72 6.34 6.71 0.25 24,817

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 6.14 0.39 2.79 3.67 0.71 1.90
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Liquid 5.91 0.56 2.34 3.12 0.78 1.75
Rank within category 18 15 15 16 11 20
Number of funds in category 36 36 36 35 36 36

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

As on 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 39 55 36 36
Modified Duration (yrs) 0.11 0.14 0.07 0.10
Average Maturity (yrs) 0.11 0.14 0.07 0.09
Yield to Maturity (%) 3.38 5.71 3.32 3.38
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up Reserve Bank of India 182-D 19/11/2020 Treasury Bills SOV 0.00 - 6.31 6.31
equal Reserve Bank of India 91-D 22/10/2020 Treasury Bills SOV 0.00 - 5.81 5.81
equal Export-Import Bank 91-D 13/10/2020 Certificate of Deposit A1+ 0.00 - 3.42 3.42
new Reserve Bank of India 182-D 06/11/2020 Treasury Bills SOV 0.00 - 3.41 3.41
equal National Bank Agr. Rur. Devp 89-D 10/11/2020 Commercial Paper A1+ 0.00 - 3.41 3.41
equal SAIL 87-D 13/11/2020 Commercial Paper A1+ 0.00 - 3.41 3.41
equal Reserve Bank of India 91-D 26/11/2020 Treasury Bills SOV 0.00 - 3.41 3.41
new NTPC 91-D 09/12/2020 Commercial Paper A1+ 0.00 - 3.40 3.40
equal NLC India 91-D 01/12/2020 Commercial Paper A1+ 0.00 - 2.55 2.55
up Reserve Bank of India 182-D 12/11/2020 Treasury Bills SOV 0.00 - 2.05 2.05
equal Birla Group Holdings 84-D 07/10/2020 Commercial Paper A1+ 0.00 - 1.71 1.71
equal Indian Oil Corp. 49-D 19/10/2020 Commercial Paper A1+ 0.00 - 1.71 1.71
equal Chennai Petroleum Corp. 62-D 19/10/2020 Commercial Paper A1+ 0.00 - 1.71 1.71
equal Reliance Jio Infocomm 91-D 19/10/2020 Commercial Paper A1+ 0.00 - 1.71 1.71
equal Reliance Industries 90-D 27/10/2020 Commercial Paper A1+ 0.00 - 1.71 1.71
new Axis Bank 28/10/2020 Certificate of Deposit A1+ 0.00 - 1.71 1.71
equal Reserve Bank of India 91-D 29/10/2020 Treasury Bills SOV 0.00 - 1.71 1.71
new Indian Oil Corp. 56-D 29/10/2020 Commercial Paper A1+ 0.00 - 1.71 1.71
new Chennai Petroleum Corp. 46-D 03/11/2020 Commercial Paper A1+ 0.00 - 1.71 1.71
new Indian Oil Corp. 77-D 23/11/2020 Commercial Paper A1+ 0.00 - 1.70 1.70
new Reserve Bank of India 182-D 26/11/2020 Treasury Bills SOV 0.00 - 1.70 1.70
new Export-Import Bank 182-D 01/12/2020 Commercial Paper A1+ 0.00 - 1.70 1.70
new Reserve Bank of India 91-D 03/12/2020 Treasury Bills SOV 0.00 - 1.70 1.70
new Reserve Bank of India 182-D 03/12/2020 Treasury Bills SOV 0.00 - 1.70 1.70
equal Chennai Petroleum Corp. 91-D 03/12/2020 Commercial Paper A1+ 0.00 - 1.70 1.70

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 30-Sep-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:


--

Change from previous, NAV as on 25-Oct-2020

Growth: ₹ 2,114.7995

Dividend Weekly: ₹ 1,152.9450

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Dividend Monthly: ₹ 1,155.6920

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: 6.56%
Benchmark: CRISIL Liquid TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 2,919 Cr (As on 30-Sep-2020)
Expense: 0.21% (As on 30-Sep-2020)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily25-Oct-20200.1766

 23-Oct-20200.0968
 22-Oct-20200.0922
 21-Oct-20200.0922
 20-Oct-20200.1069
 19-Oct-20200.0915
 18-Oct-20200.1770
 16-Oct-20200.0994
 15-Oct-20200.1101
 14-Oct-20200.0994
 13-Oct-20200.1105
 12-Oct-20200.0808
 11-Oct-20200.1808
 09-Oct-20200.1028
 08-Oct-20200.1009
 07-Oct-20200.1038
 06-Oct-20200.1064
 05-Oct-20200.0979
 04-Oct-20200.2957
 01-Oct-20200.0947
 30-Sep-20200.1784
 29-Sep-20200.1173
 28-Sep-20200.1130
 27-Sep-20200.2105
 25-Sep-20200.0988
Dividend Weekly21-Oct-20200.7317

 14-Oct-20200.7296
 07-Oct-20200.7550
 30-Sep-20200.8878
 23-Sep-20200.7204
 16-Sep-20200.7134
 09-Sep-20200.6191
 02-Sep-20200.7131
 26-Aug-20200.6830
 19-Aug-20200.8051
 12-Aug-20200.7339
 05-Aug-20200.7455
 29-Jul-20200.6310
 22-Jul-20200.6373
 15-Jul-20200.7279
 08-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
Dividend Monthly24-Sep-20203.0476

 24-Aug-20203.2295
 24-Jul-20203.0702
 24-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

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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