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Mirae Asset Cash Management Fund - Direct Plan download report

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Debt: Liquid

Analysts' Choiceunlock it

1 Lakh

Investment Grown to
₹ 1.04 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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(₹)
cal
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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
Mirae Asset Cash Management Direct-G 1.36 0.01 0.09 0.29 0.89 1.79 3.53 4.29 5.46 6.01 --
CCIL T Bill Liquidity Weight 0.52 -0.03 -0.01 -0.07 0.25 0.80 1.87 2.76 3.34 3.73 --
Debt: Liquid 1.33 0.01 0.08 0.27 0.86 1.76 3.47 4.21 5.39 6.02 --
Rank within category 5 33 4 4 4 8 7 15 13 24 --
Number of funds in category 37 37 37 37 37 37 37 36 32 31 1

As on 17-May-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 3.53 4.29 5.46 0.18% 3,378
Aditya Birla Sun Life Liquid Fund - Direct Plan  | Invest Online
4 star
 Jan-13 3.50 4.35 5.51 0.21% 34,891
Baroda BNP Paribas Liquid Fund - Direct Plan
4 star
 Jan-13 3.56 4.30 5.49 0.16% 6,968
LIC MF Liquid Fund - Direct Plan  | Invest Online
4 star
 Jan-13 3.49 4.33 5.48 0.11% 5,755
Sundaram Liquid Fund - Direct Plan
4 star#
 Dec-12 3.53 4.28 5.26 0.17% 1,828

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
Mirae Asset Cash Management Direct-G 4.27 0.37 1.98 12.21 0.90 1.34
CCIL T Bill Liquidity Weight 2.86 0.36 -1.85 -5.13 -- --
Debt: Liquid 4.20 0.37 1.78 8.71 0.88 1.26
Rank within category 16 15 9 3 16 17
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 30-Apr-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 58 60 39 47
Modified Duration (yrs) 0.08 0.11 0.05 0.10
Average Maturity (yrs) 0.08 0.12 0.05 0.10
Yield to Maturity (%) 4.08 4.08 3.27 4.01
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 91-D 09/06/2022 Treasury Bills SOV 0.00 - 3.69 3.69
up 8.35% GOI 2022 GOI Securities SOV 0.00 - 3.26 3.26
up Reserve Bank of India 364-D 13/05/2022 Treasury Bills SOV 0.00 - 2.96 2.96
new Bharat Petroleum Corporation 27-D 17/05/2022 Commercial Paper A1+ 0.00 - 2.95 2.95
equal State Bank of India 27/05/2022 Certificate of Deposit A1+ 0.00 - 3.26 2.95
equal Reliance Retail Ventures 91-D 17/05/2022 Commercial Paper A1+ 0.00 - 3.10 2.81
new SIDBI 48-D 06/06/2022 Commercial Paper A1+ 0.00 - 2.80 2.80
equal Reserve Bank of India 182-D 19/05/2022 Treasury Bills SOV 0.00 - 2.61 2.36
new Indian Oil Corporation 23-D 13/05/2022 Commercial Paper A1+ 0.00 - 2.22 2.22
new Aditya Birla Finance 43-D 31/05/2022 Commercial Paper A1+ 0.00 - 2.21 2.21
up 8.15% GOI 2022 Central Government Loan SOV 0.00 - 1.93 1.93
equal Berger Paints India 58-D 27/05/2022 Commercial Paper A1+ 0.00 - 1.96 1.77
equal Indian Bank 2022 Certificate of Deposit A1+ 0.00 - 1.63 1.48
equal NTPC 88-D 02/05/2022 Commercial Paper A1+ 0.00 - 1.63 1.48
new Chennai Petroleum Corporation 28-D 02/05/2022 Commercial Paper A1+ 0.00 - 1.48 1.48
equal Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 1.63 1.48
equal Canara Bank 2022 Certificate of Deposit A1+ 0.00 - 1.63 1.48
equal Bank of Baroda 2022 Certificate of Deposit A1+ 0.00 - 1.63 1.48
equal Indian Bank 13/05/2022 Certificate of Deposit A1+ 0.00 - 1.63 1.48
equal Berger Paints India 84-D 13/05/2022 Commercial Paper A1+ 0.00 - 1.63 1.48
equal Canara Bank 17/05/2022 Certificate of Deposit A1+ 0.00 - 1.63 1.48
equal HDFC Securities 91-D 17/05/2022 Commercial Paper A1+ 0.00 - 1.63 1.48
new HDFC Bank 24/05/2022 Certificate of Deposit A1+ 0.00 - 1.48 1.48
equal IIFL Wealth Prime 89-D 20/05/2022 Commercial Paper A1+ 0.00 - 1.63 1.48
equal Network 18 Media & Inv 64-D 24/05/2022 Commercial Paper A1+ 0.00 - 1.63 1.48

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-Apr-2022

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
0.01%

Change from previous, NAV as on 17-May-2022

Growth: ₹ 2,257.4951

IDCW Weekly: ₹ 1,217.0846

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IDCW Monthly: ₹ 1,137.0207

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: 6.67%
Benchmark: NIFTY Liquid Index B-I
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 3,378 Cr (As on 30-Apr-2022)
Expense: 0.18% (As on 30-Apr-2022)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily17-May-20220.1330

 16-May-20220.3814
 13-May-20220.1279
 12-May-20220.1322
 11-May-20220.1543
 10-May-20220.1194
 09-May-20220.1063
 08-May-20220.2559
 06-May-20220.0190
 03-May-20220.1125
 02-May-20220.1465
 01-May-20220.2290
 29-Apr-20220.0676
 28-Apr-20220.0925
 27-Apr-20220.0999
 26-Apr-20220.0658
 25-Apr-20220.1083
 24-Apr-20220.2191
 22-Apr-20220.0563
 21-Apr-20220.1251
 20-Apr-20220.1346
 19-Apr-20220.1503
 18-Apr-20220.1218
 17-Apr-20220.4382
 13-Apr-20220.0777
IDCW Weekly11-May-20220.8854

 04-May-20220.5867
 27-Apr-20220.7622
 20-Apr-20220.9551
 13-Apr-20220.7069
 06-Apr-20221.1631
 30-Mar-20220.8437
 23-Mar-20220.8489
 16-Mar-20220.8971
 09-Mar-20220.7972
 02-Mar-20220.8034
 23-Feb-20220.8007
 16-Feb-20220.9692
 09-Feb-20220.8290
 02-Feb-20220.7071
 27-Jan-20220.9201
 19-Jan-20220.6659
 12-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
IDCW Monthly25-Apr-20223.8387

 24-Mar-20223.1416
 24-Feb-20223.5028
 24-Jan-20223.3387
 24-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

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

Website: http://www.miraeassetmf.co.in

Registrar & Transfer Agent: KFin Technologies 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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