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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 3.03 0.01 0.07 0.29 0.80 1.65 3.29 4.78 5.64 6.18 6.80
CCIL T Bill Liquidity Weight 1.88 0.03 0.04 0.17 0.43 1.08 2.05 3.24 3.53 3.99 4.48
Debt: Liquid 2.93 0.01 0.06 0.29 0.79 1.60 3.17 4.62 5.49 6.18 7.10
Rank within category 7 19 12 24 19 14 5 15 18 27 29
Number of funds in category 41 42 42 42 42 42 41 38 35 34 33

As on 03-Dec-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 3.29 4.78 5.64 0.27% 4,119
ICICI Prudential Liquid Fund  | Invest Now
4 star
Nov-05 3.19 4.79 5.65 0.32% 35,561
Aditya Birla Sun Life Liquid Fund  | Invest Online
4 star
Mar-04 3.23 4.84 5.70 0.32% 27,111
Axis Liquid Fund
4 star
Oct-09 3.25 4.82 5.71 0.26% 26,451
UTI Liquid Cash Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.24 4.79 5.67 0.23% 25,609

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 4.69 0.47 1.92 8.31 0.99 1.51
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Liquid 4.54 0.47 1.58 9.47 0.97 1.34
Rank within category 15 17 8 27 15 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-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 40 58 39 32
Modified Duration (yrs) 0.06 0.11 0.06 --
Average Maturity (yrs) 0.06 0.11 0.06 --
Yield to Maturity (%) 3.63 3.63 3.18 --
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
equal Reserve Bank of India 182-D 12/11/2021 Treasury Bills SOV 0.00 - 7.13 6.67
up 8.79% GOI 2021 Central Government Loan SOV 0.00 - 6.07 6.07
down Reserve Bank of India 91-D 02/12/2021 Treasury Bills SOV 0.00 - 6.47 3.63
equal Reserve Bank of India 182-D 18/11/2021 Treasury Bills SOV 0.00 - 2.85 2.67
equal Reserve Bank of India 91-D 11/11/2021 Treasury Bills SOV 0.00 - 2.59 2.43
equal Kotak Securities 55-D 15/11/2021 Commercial Paper A1+ 0.00 - 2.59 2.42
new Motilal Oswal Financial 30-D 17/11/2021 Commercial Paper A1+ 0.00 - 2.42 2.42
equal HDFC Bank 2021 Certificate of Deposit A1+ 0.00 - 2.59 2.42
new Indian Oil Corporation 37-D 10/12/2021 Commercial Paper A1+ 0.00 - 2.42 2.42
new Bajaj Finance 36-D 07/12/2021 Commercial Paper A1+ 0.00 - 2.42 2.42
equal IGH Holdings 91-D 09/12/2021 Commercial Paper A1+ 0.00 - 2.58 2.42
equal IIFL Wealth Prime 89-D 15/12/2021 Commercial Paper A1+ 0.00 - 2.58 2.41
new IIFL Wealth Prime 67-D 20/12/2021 Commercial Paper A1+ 0.00 - 2.41 2.41
down Reserve Bank of India 182-D 16/12/2021 Treasury Bills SOV 0.00 - 2.59 2.30
new Indian Oil Corporation 29/11/2021 Commercial Paper A1+ 0.00 - 2.06 2.06
new Reserve Bank of India 182-D 30/12/2021 Treasury Bills SOV 0.00 - 1.69 1.69
equal Aditya Birla Fashion and Retail 91-D 02/11/2021 Commercial Paper A1+ 0.00 - 1.30 1.21
new Reliance Industries 82-D 03/11/2021 Commercial Paper A1+ 0.00 - 1.21 1.21
equal Berger Paints India 62-D 09/11/2021 Commercial Paper A1+ 0.00 - 1.30 1.21
equal Berger Paints India 50-D 10/11/2021 Commercial Paper A1+ 0.00 - 1.30 1.21
new Indian Oil Corporation 15/11/2021 Commercial Paper A1+ 0.00 - 1.21 1.21
equal Berger Paints India 59-D 18/11/2021 Commercial Paper A1+ 0.00 - 1.30 1.21
equal National Bank Agr. Rur. Devp 90-D 22/11/2021 Commercial Paper A1+ 0.00 - 1.30 1.21
equal Reserve Bank of India 364-D 25/11/2021 Treasury Bills SOV 0.00 - 1.30 1.21
new SAIL 27-D 24/11/2021 Commercial Paper A1+ 0.00 - 1.21 1.21

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-Oct-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 05-Dec-2021

Growth: ₹ 2,191.8921

IDCW Weekly: ₹ 1,152.9727

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IDCW Monthly: ₹ 1,153.4776

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: 6.27%
Benchmark: CRISIL Liquid Fund Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 4,119 Cr (As on 31-Oct-2021)
Expense: 0.27% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily05-Dec-20210.1944

 03-Dec-20210.1016
 02-Dec-20210.0969
 01-Dec-20210.0951
 30-Nov-20210.1119
 29-Nov-20210.0995
 28-Nov-20210.1938
 26-Nov-20210.0969
 25-Nov-20210.1014
 24-Nov-20210.1302
 23-Nov-20210.1038
 22-Nov-20210.0715
 21-Nov-20210.2912
 18-Nov-20210.0940
 17-Nov-20210.1033
 16-Nov-20210.0880
 15-Nov-20210.0977
 14-Nov-20210.1891
 12-Nov-20210.1211
 11-Nov-20210.1089
 10-Nov-20210.0983
 09-Nov-20210.1225
 08-Nov-20210.1633
 07-Nov-20210.4160
 03-Nov-20210.1136
IDCW Weekly01-Dec-20210.7534

 24-Nov-20210.7462
 17-Nov-20210.7647
 10-Nov-20210.8647
 03-Nov-20210.7407
 27-Oct-20210.6021
 20-Oct-20210.6156
 13-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
IDCW Monthly24-Nov-20213.2922

 25-Oct-20212.9902
 24-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

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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