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4 star

Mirae Asset Cash Management Fund


Debt: Liquid

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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 2.57 0.01 0.07 0.26 0.82 1.64 3.26 4.98 5.73 6.27 6.87
CCIL T Bill Liquidity Weight 1.64 0.03 0.06 0.17 0.57 1.12 2.12 3.34 3.63 4.07 4.53
Debt: Liquid 2.47 0.01 0.07 0.26 0.79 1.58 3.12 4.81 5.58 6.29 7.17
Rank within category 5 20 28 26 16 9 3 15 18 28 29
Number of funds in category 41 42 42 42 42 41 41 38 35 34 32

As on 14-Oct-2021

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
4 star
Jan-09 3.26 4.98 5.73 0.27 3,840
ICICI Prudential Liquid Fund  | Invest Now
4 star
Nov-05 3.16 5.00 5.76 0.32 34,592
Aditya Birla Sun Life Liquid Fund  | Invest Online
4 star
Mar-04 3.18 5.04 5.79 0.32 28,554
Axis Liquid Fund
4 star
Oct-09 3.20 5.02 5.80 0.25 24,318
Nippon India Liquid Fund  | Invest Online
4 star
Dec-03 3.14 5.03 5.79 0.32 21,655

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 4.92 0.49 1.97 5.68 1.04 1.61
CCIL T Bill Liquidity Weight 3.34 0.40 -1.54 -3.94 -- --
Debt: Liquid 4.76 0.49 1.63 6.49 1.02 1.44
Rank within category 15 14 8 30 14 18
Number of funds in category 38 38 38 38 38 38

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

As on 30-Sep-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 39 58 39 34
Modified Duration (yrs) 0.09 0.11 0.06 0.09
Average Maturity (yrs) 0.09 0.11 0.06 0.09
Yield to Maturity (%) 3.51 3.62 3.18 3.44
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 12/11/2021 Treasury Bills SOV 0.00 - 7.13 7.13
new Reserve Bank of India 91-D 02/12/2021 Treasury Bills SOV 0.00 - 6.47 6.47
new Reserve Bank of India 364-D 04/11/2021 Treasury Bills SOV 0.00 - 3.12 3.12
new Indian Oil Corporation 46-D 22/10/2021 Commercial Paper A1+ 0.00 - 2.86 2.86
up Reserve Bank of India 182-D 18/11/2021 Treasury Bills SOV 0.00 - 2.85 2.85
equal Indian Railway Finance Corporation 79-D 22/10/2021 Commercial Paper A1+ 0.00 - 2.60 2.60
new Axis Bank 22/10/2021 Certificate of Deposit A1+ 0.00 - 2.60 2.60
new Reserve Bank of India 91-D 11/11/2021 Treasury Bills SOV 0.00 - 2.59 2.59
new Kotak Securities 55-D 15/11/2021 Commercial Paper A1+ 0.00 - 2.59 2.59
equal HDFC Bank 2021 Certificate of Deposit A1+ 0.00 - 2.59 2.59
new Reserve Bank of India 182-D 16/12/2021 Treasury Bills SOV 0.00 - 2.59 2.59
new IGH Holdings 91-D 09/12/2021 Commercial Paper A1+ 0.00 - 2.58 2.58
new IIFL Wealth Prime 89-D 15/12/2021 Commercial Paper A1+ 0.00 - 2.58 2.58
equal 8.79% GOI 2021 Central Government Loan SOV 0.00 - 1.31 1.31
equal The Ramco Cements 85-D 12/10/2021 Commercial Paper A1+ 0.00 - 1.30 1.30
new Bharat Petroleum Corporation 12-D 13/10/2021 Commercial Paper A1+ 0.00 - 1.30 1.30
equal Reliance Industries 90-D 14/10/2021 Commercial Paper A1+ 0.00 - 1.30 1.30
equal Birla Group Holdings 90-D 14/10/2021 Commercial Paper A1+ 0.00 - 1.30 1.30
equal HDFC 61-D 18/10/2021 Commercial Paper A1+ 0.00 - 1.30 1.30
equal National Bank Agr. Rur. Devp 90-D 21/10/2021 Commercial Paper A1+ 0.00 - 1.30 1.30
new HDFC Securities 45-D 22/10/2021 Commercial Paper A1+ 0.00 - 1.30 1.30
new Indian Oil Corporation 42-D 25/10/2021 Commercial Paper A1+ 0.00 - 1.30 1.30
new Indian Oil Corporation 46-D 29/10/2021 Commercial Paper A1+ 0.00 - 1.30 1.30
new National Fertilizers 28-D 29/10/2021 Commercial Paper A1+ 0.00 - 1.30 1.30
equal Kotak Securities 91-D 29/10/2021 Commercial Paper A1+ 0.00 - 1.30 1.30

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-2021

Fund Manager

— Abhishek Iyer since 28-Dec-2020

Education: Mr. Iyer is a B. Com, Master in Finance management, Master of Arts (MA) Economics

Experience: Prior to joining Mirae Asset Mutual Fund, he has worked with IDBI Mutual Fund, IIFL Mutual Fund, L&T Mutual Fund and Sahara Mutual Fund.

Funds Managed:

— 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:


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Change from previous, NAV as on 17-Oct-2021

Growth: ₹ 2,182.1706

IDCW Weekly: ₹ 1,152.9297

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IDCW Monthly: ₹ 1,154.6293

IDCW 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
Lock-in Period Not Applicable
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: 6.30%
Benchmark: CRISIL Liquid Fund Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 3,840 Cr (As on 30-Sep-2021)
Expense: 0.27% (As on 31-Aug-2021)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily14-Oct-20210.0814

 13-Oct-20210.0922
 12-Oct-20210.0976
 11-Oct-20210.1160
 10-Oct-20210.1819
 08-Oct-20210.1328
 07-Oct-20210.0983
 06-Oct-20210.0927
 05-Oct-20210.0863
 04-Oct-20210.0995
 03-Oct-20210.1860
 01-Oct-20210.1284
 30-Sep-20210.1130
 29-Sep-20210.0442
 28-Sep-20210.0643
 27-Sep-20210.0853
 26-Sep-20210.1845
 24-Sep-20210.0764
 23-Sep-20210.0906
 22-Sep-20210.0824
 21-Sep-20210.0651
 20-Sep-20210.0887
 19-Sep-20210.1808
 17-Sep-20210.0834
 16-Sep-20210.0877
IDCW Weekly13-Oct-20210.7766

 06-Oct-20210.7625
 29-Sep-20210.5890
 22-Sep-20210.6366
 15-Sep-20210.6520
 08-Sep-20210.6617
 01-Sep-20210.7169
 25-Aug-20210.7180
 18-Aug-20210.8055
 11-Aug-20210.7512
 04-Aug-20210.6986
 28-Jul-20210.6445
 22-Jul-20210.8644
 14-Jul-20210.7674
 07-Jul-20210.7076
 30-Jun-20210.7503
 23-Jun-20210.7630
 16-Jun-20210.6895
 09-Jun-20210.7598
 02-Jun-20210.6152
 27-May-20210.8199
 19-May-20210.7165
 12-May-20210.6875
 05-May-20210.6541
 28-Apr-20210.6185
IDCW Monthly24-Sep-20212.9656

 24-Aug-20213.0809
 26-Jul-20213.4025
 24-Jun-20213.2541
 24-May-20212.7620
 26-Apr-20213.4712
 24-Mar-20212.8270
 24-Feb-20213.2369
 25-Jan-20213.0065
 24-Dec-20202.8612
 24-Nov-20202.9002
 26-Oct-20203.4747
 24-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

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

Last Session

Investors' Hangout

Webinar: All about MF Central

DateThursday, 14-Oct-2021
Time12:30 PM - 01:00 PM

Registration Over