Mirae Asset Liquid Fund

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Value Research Rating

4 star

Analyst’s Choice

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Riskometer

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Low to Moderate

₹2,538.8224 0.02%

As on 27-May-2024

Returns

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Calculate SIP Returns of Mirae Asset Liquid Fund

Upfront Investment

Monthly SIP Amount

Investment Duration

years

Risk info

This fund has Low to Moderate risk.

low
Low to Moderate
Moderate
Moderately High
High
Very High

As per SEBI's Riskometer.

Portfolio of Mirae Asset Liquid Fund

Asset Allocation

Split between different types of investments

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Credit Rating Weightage

Split between categories of Equity investments

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Peer Comparison

Other details of Mirae Asset Liquid Fund

Assets info

₹9,884 Cr

Exit Load (Days) info

0.01 (1)

Min. Investment (₹)

5,000

Min. Withdrawal (₹)

1,000

Min. SIP Investment (₹)

1,000

Min. No of Cheques

5

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.

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."

Capital Gains Taxation

  • If investment is made on or after 1 April 2023: Entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • If investment is made before 1 April 2023:
    • Sold within 3 years from the date of investment: Gains are added to the investors' income and taxed according to the applicable slab rate.
    • Sold after 3 years from the date of investment: Gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • No tax is to be paid as long as you continue to hold the units.

Dividend Taxation

  • 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.

FAQ for Mirae Asset Liquid Fund

Mirae Asset Liquid Fund is mandated to invest in bonds having a maturity of up to three months.

Mutual funds can be bought directly from the website of the fund house. For instance, Mirae Asset Liquid Fund fund can be purchased from the website of Mirae Asset Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.

The NAV of Mirae Asset Liquid Fund is ₹2,538.8224 as of 28-May-2024.

The AUM of Mirae Asset Liquid Fund Fund is ₹9,884 Cr as of 30-Apr-2024

The riskometer level of Mirae Asset Liquid Fund is Low to Moderate. See More

Company Percentage of Portfolio

Reserve Bank of India T-Bills 91-D 27/06/2024

5.60

National Bank For Agriculture & Rural Development CP 91-D 21/05/2024

3.78

Reserve Bank of India T-Bills 91-D 16/05/2024

3.53

Canara Bank CD 11/06/2024

3.01

Bank Of Baroda CD 05/06/2024

2.76
See More

As of 30-Apr-2024, Mirae Asset Liquid Fund had invested 110.15% in Debt and -10.15% in Cash & Cash Eq. See More

Mirae Asset Liquid Fund is 15 years 4 months old. It has delivered 6.24% returns since inception. See More

1Y
3Y
5Y
7Y
10Y
Since Inception
7.23%
5.62%
5.18%
5.74%
6.28%
6.24%

No, There is no lock in period in Mirae Asset Liquid Fund.

The expense ratio of Mirae Asset Liquid Fund is 0.20.

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