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Unrated

Mirae Asset Money Market Fund - Regular Plan


Debt: Money Market

Suitability:

"Money Market debt funds invest in bonds with a maturity of up to one year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable 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 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 -- 0.01 0.05 0.20 -- -- -- -- -- -- --
CCIL T Bill Liquidity Weight -- 0.03 0.00 0.11 -- -- -- -- -- -- --
Debt: Money Market -- 0.01 0.04 0.22 -- -- -- -- -- -- --
Rank within category -- 13 11 14 -- -- -- -- -- -- --
Number of funds in category 18 20 20 20 18 18 17 14 12 12 12

As on 22-Oct-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Mirae Asset Money Market Fund - Regular Plan  | Invest Online
Unrated
Aug-21 -- -- -- 0.64% 126
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 3.86 6.50 6.74 0.33% 14,464
HDFC Money Market Fund  | Invest Online
5 star
Nov-99 3.77 6.42 6.55 0.35% 14,252
ICICI Prudential Money Market Fund  | Invest Now
4 star
Mar-06 3.68 6.24 6.53 0.33% 13,155
Tata Money Market Fund - Regular Plan  | Invest Online
4 star
May-03 3.91 4.34 5.06 0.43% 6,945

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.09 26-Aug-2021 - 02-Sep-2021 0.01 21-Sep-2021 - 28-Sep-2021
Month 0.29 13-Aug-2021 - 14-Sep-2021 0.16 07-Sep-2021 - 07-Oct-2021
Quarter -- - -- -
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.34 0.40 -1.54 -3.94 -- --
Debt: Money Market* 6.05 1.10 2.43 6.15 1.50 3.01
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 30-Sep-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 12 12 9 43
Modified Duration (yrs) 0.44 0.44 0.38 0.31
Average Maturity (yrs) 0.44 0.44 0.38 0.32
Yield to Maturity (%) 3.93 3.93 3.56 3.75
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
new RBL Bank 28/02/2022 Certificate of Deposit A1+ 0.00 - 9.34 9.34
new Reserve Bank of India 364-D 04/11/2021 Treasury Bills SOV 0.00 - 7.89 7.89
equal Pilani Investment & Industries Corporation 91-D 16/11/2021 Commercial Paper A1+ 5.91 - 7.87 7.87
equal Reserve Bank of India 182-D 16/12/2021 Treasury Bills SOV 5.91 - 7.86 7.86
new Reliance Industries 172-D 28/02/2022 Commercial Paper A1+ 0.00 - 7.80 7.80
new Godrej Agrovet 180-D 16/03/2022 Commercial Paper A1+ 0.00 - 7.78 7.78
equal ICICI Securities 358-D 11/03/2022 Commercial Paper A1+ 5.84 - 7.77 7.77
equal Network 18 Media & Inv 314-D 30/06/2022 Commercial Paper A1+ 5.77 - 7.68 7.68
equal Bajaj Housing Finance 365-D 19/07/2022 Commercial Paper A1+ 5.75 - 7.66 7.66
equal Export-Import Bank 2022 Certificate of Deposit A1+ 5.76 - 7.66 7.66
equal LIC Housing Fin. 364-D 12/08/2022 Commercial Paper A1+ 5.74 - 7.64 7.64
new IIFL Wealth Prime 161-D 25/02/2022 Commercial Paper A1+ 0.00 - 3.88 3.88

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-Sep-2021

Fund Manager

— Mahendra Kumar Jajoo since 04-Aug-2021

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 22-Oct-2021

Growth: ₹ 1,005.7512

IDCW: ₹ 1,005.7522


Investment Strategy

The scheme seeks to generate reasonable returns with low risk and provide liquidity by investing in 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 (₹) --
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Mirae Asset Mutual Fund
Launch Date: 11-Aug-2021
Return Since Launch: 0.58%
Benchmark: NIFTY Money Market Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 126 Cr (As on 30-Sep-2021)
Expense: 0.64% (As on 30-Sep-2021)
Risk Grade: --
Return Grade: --

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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DateFriday, 29-Oct-2021
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