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4 star

Mirae Asset Cash Management Fund - Direct Plan


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 3.13 0.01 0.07 0.30 0.83 1.70 3.39 4.87 5.73 6.33 --
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 --
Debt: Liquid 3.07 0.01 0.07 0.30 0.82 1.68 3.32 4.82 5.63 6.32 --
Rank within category 7 17 11 25 18 15 5 17 17 27 --
Number of funds in category 38 39 39 39 39 39 38 35 34 33 1

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 - Direct Plan  | Invest Online
4 star
Jan-13 3.39 4.87 5.73 0.17% 4,119
ICICI Prudential Liquid Fund - Direct Plan  | Invest Now
4 star
Jan-13 3.32 4.90 5.74 0.20% 35,561
Aditya Birla Sun Life Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.34 4.94 5.79 0.21% 29,710
Nippon India Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.34 4.93 5.79 0.18% 20,961
Tata Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.30 4.91 5.77 0.22% 8,688

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.47 24-Mar-2020 - 31-Mar-2020 -0.16 17-Mar-2020 - 24-Mar-2020
Month 0.86 08-Aug-2013 - 09-Sep-2013 0.17 23-Feb-2020 - 24-Mar-2020
Quarter 2.40 28-Jul-2013 - 27-Oct-2013 0.78 20-Oct-2020 - 19-Jan-2021
Year 9.29 26-Jul-2013 - 27-Jul-2014 3.34 26-Oct-2020 - 26-Oct-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.78 0.47 2.13 17.39 0.98 1.59
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Liquid 4.73 0.47 2.01 11.93 0.99 1.55
Rank within category 17 11 10 2 12 18
Number of funds in category 35 35 35 35 35 35

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 35
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:


0.01%

Change from previous, NAV as on 03-Dec-2021

Growth: ₹ 2,221.1726

IDCW Weekly: ₹ 1,216.4391

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IDCW Monthly: ₹ 1,135.6308

IDCW Daily: ₹ 1,075.8332


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: 01-Jan-2013
Return Since Launch: 6.82%
Benchmark: CRISIL Liquid Fund Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 4,119 Cr (As on 31-Oct-2021)
Expense: 0.17% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily03-Dec-20210.1035

 02-Dec-20210.1005
 01-Dec-20210.0986
 30-Nov-20210.1155
 29-Nov-20210.1031
 28-Nov-20210.2006
 26-Nov-20210.1005
 25-Nov-20210.1042
 24-Nov-20210.1341
 23-Nov-20210.1074
 22-Nov-20210.0748
 21-Nov-20210.3021
 18-Nov-20210.0976
 17-Nov-20210.1070
 16-Nov-20210.0916
 15-Nov-20210.1011
 14-Nov-20210.1962
 12-Nov-20210.1249
 11-Nov-20210.1126
 10-Nov-20210.1017
 09-Nov-20210.1262
 08-Nov-20210.1675
 07-Nov-20210.4306
 03-Nov-20210.1173
 02-Nov-20210.1051
IDCW Weekly01-Dec-20210.8163

 24-Nov-20210.8087
 17-Nov-20210.8284
 10-Nov-20210.9340
 03-Nov-20210.8031
 27-Oct-20210.6568
 20-Oct-20210.6708
 13-Oct-20210.8409
 06-Oct-20210.8244
 29-Sep-20210.6430
 22-Sep-20210.6931
 15-Sep-20210.7190
 08-Sep-20210.7194
 01-Sep-20210.7777
 25-Aug-20210.7780
 18-Aug-20210.8713
 11-Aug-20210.8138
 04-Aug-20210.7585
 28-Jul-20210.6981
 22-Jul-20210.9112
 14-Jul-20210.8217
 07-Jul-20210.7682
 30-Jun-20210.8134
 23-Jun-20210.8265
 16-Jun-20210.7495
IDCW Monthly24-Nov-20213.3293

 25-Oct-20213.0360
 24-Sep-20213.0082
 24-Aug-20213.1175
 26-Jul-20213.4183
 24-Jun-20213.2958
 24-May-20212.8000
 26-Apr-20213.5116
 24-Mar-20212.8597
 24-Feb-20213.2769
 25-Jan-20213.0548
 24-Dec-20202.9178
 24-Nov-20202.9421
 26-Oct-20203.5160
 24-Sep-20203.0922
 24-Aug-20203.2698
 24-Jul-20203.1141
 24-Jun-20203.3018
 26-May-20204.5088
 24-Apr-20209.5551
 24-Mar-20201.2990
 24-Feb-20203.7398
 24-Jan-20203.5812
 24-Dec-20193.3870
 25-Nov-20193.7391

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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