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3 star

Mirae Asset Cash Management Fund - Direct Plan


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 3 months. They are suitable to park the amount that you have set aside to meet any emergency needs or any surplus money that you don't need for the next few months to an 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 are suitable only to invest for a short time frame of up to one year. Do not invest in this, or any other Liquid fund, if your aim is 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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 2.70 0.01 0.06 0.30 1.06 2.50 5.43 6.64 6.89 7.48 --
CCIL T Bill Liquidity Weight 2.06 0.00 0.04 0.22 0.84 1.94 3.85 4.13 4.32 4.69 --
Debt: Liquid 2.59 0.01 0.06 0.29 1.03 2.40 5.29 6.46 6.81 7.50 --
Rank within category 18 28 22 20 23 19 20 19 26 28 --
Number of funds in category 39 39 39 39 39 39 39 35 34 33 1

As on 14-Jul-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 - Direct Plan  | Invest Online
3 star
Jan-13 5.43 6.64 6.89 0.11 3,106
Aditya Birla Sun Life Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.64 6.75 7.08 0.21 36,679
Nippon India Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.60 6.74 7.07 0.19 30,604
Axis Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.55 6.71 7.04 0.15 27,032
Tata Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.61 6.71 7.03 0.21 17,858

Best & Worst Performance

Best (Period) Worst (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) 1.06 (24-Dec-2019 - 24-Mar-2020)
Year 9.29 (26-Jul-2013 - 27-Jul-2014) 5.45 (11-Jul-2019 - 10-Jul-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.50 0.29 4.10 5.41 0.42 1.71
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Liquid 6.33 0.50 3.67 4.95 0.58 1.73
Rank within category 19 20 16 18 10 25
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-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 42 58 42 40
Modified Duration (yrs) 0.14 0.14 0.07 0.12
Average Maturity (yrs) 0.14 0.14 0.07 0.10
Yield to Maturity (%) 3.38 5.95 3.38 3.29

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 84-D 20/08/2020 Treasury Bills SOV 0.00 - 9.62 9.62
up Reserve Bank of India 91-D 27/08/2020 Treasury Bills SOV 0.00 - 6.41 6.41
new Reserve Bank of India 91-D 03/09/2020 Treasury Bills SOV 0.00 - 6.40 6.40
new Reserve Bank of India 91-D 23/07/2020 Treasury Bills SOV 0.00 - 3.21 3.21
equal Tata Capital Financial Services 91-D 22/07/2020 Commercial Paper A1+ 0.00 - 3.21 3.21
new National Bank Agr. Rur. Devp 170-D 31/07/2020 Commercial Paper A1+ 0.00 - 3.21 3.21
equal Muthoot Finance 91-D 27/07/2020 Commercial Paper A1+ 0.00 - 3.21 3.21
equal Manappuram Finance 91-D 27/07/2020 Commercial Paper A1+ 0.00 - 3.21 3.21
equal Reliance Industries 91-D 18/08/2020 Commercial Paper A1+ 0.00 - 3.21 3.21
new National Housing Bank 88-D 11/09/2020 Commercial Paper A1+ 0.00 - 3.20 3.20
new Reserve Bank of India 91-D 17/09/2020 Treasury Bills SOV 0.00 - 3.20 3.20
new Reserve Bank of India 182-D 20/08/2020 Treasury Bills SOV 0.00 - 2.40 2.40
new Reserve Bank of India 91-D 10/09/2020 Treasury Bills SOV 0.00 - 2.40 2.40
new Reliance Jio Infocomm 91-D 21/09/2020 Commercial Paper A1+ 0.00 - 2.40 2.40
new Reserve Bank of India 182-D 24/09/2020 Treasury Bills SOV 0.00 - 2.08 2.08
equal NTPC 91-D 03/07/2020 Commercial Paper A1+ 0.00 - 1.61 1.61
equal Indian Oil Corp. 79-D 08/07/2020 Commercial Paper A1+ 0.00 - 1.61 1.61
equal National Bank Agr. Rur. Devp 91-D 09/07/2020 Commercial Paper A1+ 0.00 - 1.61 1.61
new Reserve Bank of India 91-D 16/07/2020 Treasury Bills SOV 0.00 - 1.61 1.61
equal Reliance Industries 85-D 17/07/2020 Commercial Paper A1+ 0.00 - 1.61 1.61
equal Power Grid Corporation 66-D 24/07/2020 Commercial Paper A1+ 0.00 - 1.61 1.61
equal L&T Finance 91-D 20/07/2020 Commercial Paper A1+ 0.00 - 1.61 1.61
equal BPCL 90-D 29/07/2020 Commercial Paper A1+ 0.00 - 1.61 1.61
new Reserve Bank of India 91-D 07/08/2020 Treasury Bills SOV 0.00 - 1.60 1.60
new Reserve Bank of India 91-D 13/08/2020 Treasury Bills SOV 0.00 - 1.60 1.60

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-Jun-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:


0.01%

Change from previous, NAV as on 14-Jul-2020

Growth: ₹ 2,120.9284

Dividend Weekly: ₹ 1,216.8556

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Dividend Monthly: ₹ 1,136.7825

Dividend 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
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: 7.47%
Benchmark: CRISIL Liquid
Riskometer: Low
Type: Open-ended
Assets: ₹ 3,106 Cr (As on 30-Jun-2020)
Expense: 0.11% (As on 30-Jun-2020)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily14-Jul-20200.0866

 13-Jul-20200.0924
 12-Jul-20200.1883
 10-Jul-20200.0843
 09-Jul-20200.1207
 08-Jul-20200.1023
 07-Jul-20200.0865
 06-Jul-20200.0735
 05-Jul-20200.1879
 03-Jul-20200.0660
 02-Jul-20200.0947
 01-Jul-20200.1717
 30-Jun-20200.1484
 29-Jun-20200.0837
 28-Jun-20200.1901
 26-Jun-20200.0979
 25-Jun-20200.1409
 24-Jun-20200.1292
 23-Jun-20200.1126
 22-Jun-20200.1187
 21-Jun-20200.1958
 19-Jun-20200.1384
 18-Jun-20200.1138
 17-Jun-20200.1149
 16-Jun-20200.1021
Dividend Weekly08-Jul-20200.6899

 01-Jul-20200.9413
 24-Jun-20200.9139
 17-Jun-20200.9946
 10-Jun-20200.7956
 03-Jun-20200.7240
 27-May-20200.9412
 20-May-20201.2354
 13-May-20201.2860
 06-May-20201.1974
 29-Apr-20200.5644
 22-Apr-20201.7546
 15-Apr-20201.1719
 08-Apr-20201.0283
 02-Apr-20204.0669
 18-Mar-20200.5505
 11-Mar-20201.0082
 04-Mar-20200.9430
 26-Feb-20200.8806
 19-Feb-20200.8989
 12-Feb-20200.9366
 05-Feb-20200.8946
 29-Jan-20200.8892
 22-Jan-20200.8789
 15-Jan-20200.7942
Dividend Monthly24-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
 24-Oct-20194.0312
 24-Sep-20193.4766
 26-Aug-20194.5278
 24-Jul-20194.5629
 24-Jun-20194.6856
 24-May-20194.8798
 24-Apr-20195.2184
 25-Mar-20194.4952
 25-Feb-20195.0490
 24-Jan-20194.9940
 24-Dec-20184.5390
 26-Nov-20185.5884
 24-Oct-20184.9927
 24-Sep-20184.9438
 24-Aug-20184.9617
 24-Jul-20184.8762
 25-Jun-20185.3935

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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