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4 star

Mirae Asset Cash Management Fund - Direct Plan

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Debt: Liquid

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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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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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 0.14 0.01 0.07 0.31 0.88 1.72 3.44 4.72 5.66 6.25 --
CCIL T Bill Liquidity Weight 0.09 0.02 0.03 0.21 0.49 1.07 2.12 3.13 3.51 3.93 --
Debt: Liquid 0.14 0.01 0.07 0.31 0.87 1.71 3.38 4.65 5.56 6.24 --
Rank within category 20 23 27 23 22 22 8 16 16 25 --
Number of funds in category 38 38 38 38 38 38 37 35 33 32 1

As on 14-Jan-2022

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 3.44 4.72 5.66 0.17% 3,535
ICICI Prudential Liquid Fund - Direct Plan  | Invest Now
4 star
 Jan-13 3.39 4.74 5.68 0.20% 32,834
Aditya Birla Sun Life Liquid Fund - Direct Plan  | Invest Online
4 star
 Jan-13 3.43 4.79 5.73 0.21% 28,408
Nippon India Liquid Fund - Direct Plan  | Invest Online
4 star
 Jan-13 3.42 4.78 5.72 0.18% 23,456
Tata Liquid Fund - Direct Plan  | Invest Online
4 star
 Jan-13 3.40 4.76 5.70 0.22% 11,425

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 4.67 0.45 2.09 16.54 0.96 1.52
CCIL T Bill Liquidity Weight 3.13 0.39 -1.53 -4.65 -- --
Debt: Liquid 4.61 0.45 1.94 11.37 0.96 1.45
Rank within category 16 13 10 2 14 18
Number of funds in category 36 36 36 36 36 36

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

As on 31-Dec-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 48 58 39 32
Modified Duration (yrs) 0.09 0.11 0.06 0.08
Average Maturity (yrs) 0.09 0.11 0.06 0.08
Yield to Maturity (%) 3.59 3.63 3.27 3.48
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 364-D 13/01/2022 Treasury Bills SOV 0.00 - 7.06 7.06
new Reserve Bank of India 364-D 11/03/2022 Treasury Bills SOV 0.00 - 3.51 3.51
new 8.83% REC 21/01/2022 Non Convertible Debenture AAA 0.00 - 2.84 2.84
new Reserve Bank of India 364-D 06/01/2022 Treasury Bills SOV 0.00 - 2.83 2.83
equal Reliance Industries 91-D 11/01/2022 Commercial Paper A1+ 0.00 - 2.83 2.83
equal Reserve Bank of India 91-D 13/01/2022 Treasury Bills SOV 0.00 - 2.83 2.83
equal Chennai Petroleum Corporation 61-D 18/01/2022 Commercial Paper A1+ 0.00 - 2.82 2.82
new Reserve Bank of India 91-D 02/02/2022 Treasury Bills SOV 0.00 - 2.82 2.82
equal REC 76-D 15/02/2022 Commercial Paper A1+ 0.00 - 2.82 2.82
equal TV18 Broadcast 91-D 17/01/2022 Commercial Paper A1+ 0.00 - 2.12 2.12
equal The Ramco Cements 60-D 24/01/2022 Commercial Paper A1+ 0.00 - 2.12 2.12
new National Bank Agr. Rur. Devp 171-D 31/01/2022 Commercial Paper A1+ 0.00 - 2.12 2.12
new Berger Paints India 60-D 18/02/2022 Commercial Paper A1+ 0.00 - 2.11 2.11
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.00 - 1.42 1.42
new 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 0.00 - 1.42 1.42
equal Reliance Jio Infocomm 91-D 13/01/2022 Commercial Paper A1+ 0.00 - 1.41 1.41
equal Reliance Jio Infocomm 91-D 17/01/2022 Commercial Paper A1+ 0.00 - 1.41 1.41
equal Network 18 Media & Inv 61-D 24/01/2022 Commercial Paper A1+ 0.00 - 1.41 1.41
equal Reserve Bank of India 91-D 27/01/2022 Treasury Bills SOV 0.00 - 1.41 1.41
new National Bank Agr. Rur. Devp 27/01/2022 Certificate of Deposit A1+ 0.00 - 1.41 1.41
equal Chennai Petroleum Corporation 79-D 03/02/2022 Commercial Paper A1+ 0.00 - 1.41 1.41
equal Reliance Jio Infocomm 86-D 04/02/2022 Commercial Paper A1+ 0.00 - 1.41 1.41
equal Hindustan Petroleum Corporation 90-D 08/02/2022 Commercial Paper A1+ 0.00 - 1.41 1.41
new Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 1.41 1.41
equal Reliance Jio Infocomm 91-D 11/02/2022 Commercial Paper A1+ 0.00 - 1.41 1.41

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-Dec-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:

Invest Online
--

Change from previous, NAV as on 16-Jan-2022

Growth: ₹ 2,230.6213

IDCW Weekly: ₹ 1,216.6672

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IDCW Monthly: ₹ 1,137.2533

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

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 1,000
Min. No of Cheques 5
Min. Withdrawal (₹) 1,000
Min. 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: 6.78%
Benchmark: CRISIL Liquid Fund Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 3,535 Cr (As on 31-Dec-2021)
Expense: 0.17% (As on 30-Nov-2021)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily14-Jan-20220.0936

 13-Jan-20220.1141
 12-Jan-20220.1184
 11-Jan-20220.1044
 10-Jan-20220.0913
 09-Jan-20220.1972
 07-Jan-20220.1002
 06-Jan-20220.0917
 05-Jan-20220.1245
 04-Jan-20220.1135
 03-Jan-20220.1163
 02-Jan-20220.2123
 31-Dec-20210.1296
 30-Dec-20210.1093
 29-Dec-20210.1192
 28-Dec-20210.1018
 27-Dec-20210.1241
 26-Dec-20210.2059
 24-Dec-20210.1323
 23-Dec-20210.1234
 22-Dec-20210.1032
 21-Dec-20210.0426
 20-Dec-20210.1177
 19-Dec-20210.2239
 17-Dec-20210.1160
IDCW Weekly12-Jan-20220.7930

 05-Jan-20220.9099
 29-Dec-20210.9113
 22-Dec-20210.7589
 15-Dec-20210.7407
 08-Dec-20210.8129
 01-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
IDCW Monthly24-Dec-20213.1918

 24-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

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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