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Fund Overview
Fund Size
₹12,783 Cr
Expense Ratio
0.07%
ISIN
INF769K01CM1
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
Mirae Asset Cash Management Direct Growth is a Liquid mutual fund schemes offered by Mirae Asset India Mutual Fund. This fund has been in existence for 11 years, 10 months and 21 days, having been launched on 01-Jan-13.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹2669.93, Assets Under Management (AUM) of 12782.74 Crores, and an expense ratio of 0.07%.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹2669.93, Assets Under Management (AUM) of 12782.74 Crores, and an expense ratio of 0.07%.
- Mirae Asset Cash Management Direct Growth has given a CAGR return of 6.72% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 0.00% in debts, and 99.79% in cash & cash equivalents.
- You can start investing in Mirae Asset Cash Management Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+7.49%
+6.50% (Cat Avg.)
3 Years
+6.37%
+5.74% (Cat Avg.)
5 Years
+5.39%
+4.69% (Cat Avg.)
10 Years
+6.36%
+5.18% (Cat Avg.)
Since Inception
+6.72%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2024
| Others | ₹12,782.74 Cr | 100.00% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Canara Bank (16/12/2024) # | Cash | ₹446.12 Cr | 3.49% |
| Punjab National Bank (20/12/2024) ** # | Cash | ₹346.71 Cr | 2.71% |
| Reliance Retail Ventures Limited (23/12/2024) ** | Cash | ₹296.97 Cr | 2.32% |
| 91 DTB 05122024 | Bond - Gov't/Treasury | ₹233.6 Cr | 1.83% |
| 364 DTB 21112024 | Bond - Gov't/Treasury | ₹224.21 Cr | 1.75% |
| 182 DTB 18112024 | Bond - Gov't/Treasury | ₹224.17 Cr | 1.75% |
| Reliance Retail Ventures Limited (12/11/2024) | Cash | ₹199.57 Cr | 1.56% |
| 91 Day T-Bill 15.11.24 | Bond - Gov't/Treasury | ₹199.51 Cr | 1.56% |
| 364 DTB 28112024 | Bond - Gov't/Treasury | ₹199.05 Cr | 1.56% |
| 91 DTB 28112024 | Bond - Gov't/Treasury | ₹199.05 Cr | 1.56% |
| 182 DTB 05122024 | Bond - Gov't/Treasury | ₹198.81 Cr | 1.56% |
| State Bank Of India (04/12/2024) ** # | Cash | ₹198.74 Cr | 1.55% |
| State Bank Of India (12/12/2024) ** # | Cash | ₹198.44 Cr | 1.55% |
| Hdfc Bank Limited (12/12/2024) ** # | Cash | ₹198.42 Cr | 1.55% |
| Tata Steel Limited (23/12/2024) ** | Cash | ₹197.96 Cr | 1.55% |
| Reliance Industries Limited (24/12/2024) ** | Cash | ₹197.94 Cr | 1.55% |
| State Bank Of India (27/12/2024) ** # | Cash | ₹197.88 Cr | 1.55% |
| Reliance Industries Limited (26/12/2024) ** | Cash | ₹197.87 Cr | 1.55% |
| Icici Securities Limited (27/12/2024) ** | Cash | ₹197.74 Cr | 1.55% |
| Punjab National Bank (01/01/2025) ** # | Cash | ₹197.63 Cr | 1.55% |
| National Bank For Agriculture And Rural Development (01/01/2025) ** | Cash | ₹197.62 Cr | 1.55% |
| 191 DTB 30012025 | Bond - Gov't/Treasury | ₹196.84 Cr | 1.54% |
| Hdfc Securities Limited (22/01/2025) ** | Cash | ₹196.62 Cr | 1.54% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹174.96 Cr | 1.37% |
| Small Industries Dev Bank Of India (11/12/2024) ** # | Cash | ₹173.65 Cr | 1.36% |
| Small Industries Dev Bank Of India (18/12/2024) ** # | Cash | ₹173.42 Cr | 1.36% |
| Hdfc Bank Limited (09/01/2025) ** # | Cash | ₹172.66 Cr | 1.35% |
| Treps | Cash - Repurchase Agreement | ₹163.72 Cr | 1.28% |
| 364 DTB 26122024 | Bond - Gov't/Treasury | ₹163.41 Cr | 1.28% |
| Network18 Media & Investments Limited (08/11/2024) ** | Cash | ₹149.8 Cr | 1.17% |
| Reliance Jio Infocomm Limited (25/11/2024) ** | Cash | ₹149.3 Cr | 1.17% |
| Larsen & Toubro Limited (27/11/2024) ** | Cash | ₹149.24 Cr | 1.17% |
| Export Import Bank Of India (03/12/2024) ** | Cash | ₹149.08 Cr | 1.17% |
| Reliance Jio Infocomm Limited (03/12/2024) ** | Cash | ₹149.06 Cr | 1.17% |
| Canara Bank (04/12/2024) ** # | Cash | ₹149.05 Cr | 1.17% |
| Punjab National Bank (05/12/2024) ** # | Cash | ₹149.02 Cr | 1.17% |
| 182 DTB 12122024 | Bond - Gov't/Treasury | ₹148.92 Cr | 1.17% |
| Canara Bank (12/12/2024) ** # | Cash | ₹148.82 Cr | 1.16% |
| Reliance Jio Infocomm Limited (16/12/2024) ** | Cash | ₹148.69 Cr | 1.16% |
| Icici Securities Limited (20/12/2024) ** | Cash | ₹148.51 Cr | 1.16% |
| Export Import Bank Of India (23/12/2024) ** | Cash | ₹148.51 Cr | 1.16% |
| Tata Consumer Products Limited (24/12/2024) ** | Cash | ₹148.45 Cr | 1.16% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹148.41 Cr | 1.16% |
| Hdfc Bank Limited (27/12/2024) ** # | Cash | ₹148.39 Cr | 1.16% |
| Chambal Fertilizers & Chemicals Limited (26/12/2024) ** | Cash | ₹148.38 Cr | 1.16% |
| 182 DTB 23012025 | Bond - Gov't/Treasury | ₹147.82 Cr | 1.16% |
| Hdfc Bank Limited (30/01/2025) ** # | Cash | ₹147.39 Cr | 1.15% |
| 6.18% Govt Stock 2024 | Bond - Gov't/Treasury | ₹139.99 Cr | 1.10% |
| Kotak Mahindra Bank Limited (27/12/2024) ** # | Cash | ₹123.66 Cr | 0.97% |
| Hdfc Bank Limited (28/01/2025) ** # | Cash | ₹122.88 Cr | 0.96% |
| 364 DTB 14112024 | Bond - Gov't/Treasury | ₹109.75 Cr | 0.86% |
| Icici Securities Limited (06/11/2024) ** | Cash | ₹99.9 Cr | 0.78% |
| 182 DTB 07112024 | Bond - Gov't/Treasury | ₹99.89 Cr | 0.78% |
| Kotak Securities Limited (08/11/2024) ** | Cash | ₹99.86 Cr | 0.78% |
| Tata Motors Finance Limited (12/11/2024) ** | Cash | ₹99.77 Cr | 0.78% |
| Icici Sec Primary Dealership Limited (13/11/2024) ** | Cash | ₹99.76 Cr | 0.78% |
| Icici Securities Limited (19/11/2024) ** | Cash | ₹99.64 Cr | 0.78% |
| Kotak Securities Limited (22/11/2024) ** | Cash | ₹99.58 Cr | 0.78% |
| Axis Finance Limited (26/11/2024) ** | Cash | ₹99.5 Cr | 0.78% |
| Tata Capital Limited (27/11/2024) ** | Cash | ₹99.48 Cr | 0.78% |
| Tv18 Broadcast Limited (29/11/2024) ** | Cash | ₹99.45 Cr | 0.78% |
| 360 One Prime Limited (26/11/2024) ** | Cash | ₹99.45 Cr | 0.78% |
| Aditya Birla Money Limited (29/11/2024) ** | Cash | ₹99.42 Cr | 0.78% |
| Hdfc Bank Limited (06/12/2024) ** # | Cash | ₹99.33 Cr | 0.78% |
| Mahindra & Mahindra Financial Services Limited (09/12/2024) ** | Cash | ₹99.23 Cr | 0.78% |
| Union Bank Of India (11/12/2024) ** # | Cash | ₹99.23 Cr | 0.78% |
| Small Industries Dev Bank Of India (13/12/2024) ** | Cash | ₹99.19 Cr | 0.78% |
| Icici Securities Limited (11/12/2024) ** | Cash | ₹99.19 Cr | 0.78% |
| Apl Apollo Tubes Limited (13/12/2024) ** | Cash | ₹99.16 Cr | 0.78% |
| 182 Day T-Bill 19.12.24 | Bond - Gov't/Treasury | ₹99.16 Cr | 0.78% |
| Shriram Finance Limited (12/12/2024) ** | Cash | ₹99.16 Cr | 0.78% |
| Idbi Bank Limited (20/12/2024) ** # | Cash | ₹99.05 Cr | 0.77% |
| L&T Finance Limited (24/12/2024) ** | Cash | ₹98.94 Cr | 0.77% |
| Hero Fincorp Limited (26/12/2024) ** | Cash | ₹98.88 Cr | 0.77% |
| State Bank Of India (30/12/2024) ** # | Cash | ₹98.88 Cr | 0.77% |
| Small Industries Dev Bank Of India (10/01/2025) ** # | Cash | ₹98.64 Cr | 0.77% |
| Union Bank Of India (24/01/2025) ** # | Cash | ₹98.37 Cr | 0.77% |
| Poonawalla Fincorp Limited (29/01/2025) ** | Cash | ₹98.16 Cr | 0.77% |
| Godrej Industries Limited (29/11/2024) ** | Cash | ₹74.59 Cr | 0.58% |
| Godrej Industries Limited (21/01/2025) ** | Cash | ₹73.8 Cr | 0.58% |
| Rec Limited | Bond - Corporate Bond | ₹49.99 Cr | 0.39% |
| Piramal Enterprises Limited (11/11/2024) ** | Cash | ₹49.89 Cr | 0.39% |
| Julius Baer Capital India Pvt Ltd (14/11/2024) ** | Cash | ₹49.86 Cr | 0.39% |
| 91 DTB 21112024 | Bond - Gov't/Treasury | ₹49.82 Cr | 0.39% |
| Godrej Agrovet Limited (25/11/2024) ** | Cash | ₹49.76 Cr | 0.39% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹49.73 Cr | 0.39% |
| ICICI Bank Ltd. | Bond - Corporate Bond | ₹49.66 Cr | 0.39% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹49.56 Cr | 0.39% |
| National Bank For Agriculture And Rural Development (23/01/2025) # | Cash | ₹49.2 Cr | 0.38% |
| Class A2 units of Alternative Investment Fund Units # | Mutual Fund - Open End | ₹26.28 Cr | 0.21% |
| Godrej Industries Limited (20/11/2024) ** | Cash | ₹24.91 Cr | 0.19% |
| Godrej Industries Limited (27/11/2024) ** | Cash | ₹24.87 Cr | 0.19% |
| Infina Finance Private Limited (07/01/2025) ** | Cash | ₹24.65 Cr | 0.19% |
| 91 DTB 23012025 | Bond - Gov't/Treasury | ₹24.64 Cr | 0.19% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹24.57 Cr | 0.19% |
| Net Receivables / (Payables) | Cash | ₹20.25 Cr | 0.16% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash | ₹9,387.22 Cr | 73.44% |
| Bond - Gov't/Treasury | ₹2,658.63 Cr | 20.80% |
| Bond - Corporate Bond | ₹546.89 Cr | 4.28% |
| Cash - Repurchase Agreement | ₹163.72 Cr | 1.28% |
| Mutual Fund - Open End | ₹26.28 Cr | 0.21% |
| Cash - Commercial Paper | ₹0 Cr | - |
| Cash - CD/Time Deposit | ₹0 Cr | - |
Risk & Performance Ratios
Standard Deviation
This fund
0.42%
Cat. avg.
0.61%
Lower the better
Sharpe Ratio
This fund
1.54
Cat. avg.
-1.36
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.11
Higher the better
Fund Managers
Amit Modani
Since November 2024
Abhishek Iyer
Since December 2020
Additional Scheme Detailsas of 31st October 2024
ISIN INF769K01CM1 | Expense Ratio 0.07% | Exit Load No Charges | Fund Size ₹12,783 Cr | Age 11 years 10 months | Lumpsum Minimum ₹5,000 | Fund Status Open Ended Investment Company | Benchmark Nifty Liquid TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Liquid Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Canara Robeco Liquid Fund Regular Growth Low to Moderate Risk | 0.2% | 0.0% | ₹3630.76 Cr | 7.4% |
| Navi Liquid Fund Regular Growth Low to Moderate Risk | 0.2% | 0.0% | ₹66.48 Cr | 6.9% |
| Motilal Oswal Liquid Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹788.53 Cr | 6.9% |
| Motilal Oswal Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹788.53 Cr | 7.1% |
| Kotak Nifty 1D Rate Liquid ETF Low Risk | 0.2% | - | ₹622.00 Cr | 5.8% |
| Invesco India Liquid Fund Regular Growth Low to Moderate Risk | 0.2% | 0.0% | ₹14805.38 Cr | 7.4% |
| TrustMF Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹307.19 Cr | 7.4% |
| 360 ONE Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹860.86 Cr | 7.3% |
| 360 ONE Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹860.86 Cr | 7.2% |
| TrustMF Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹307.19 Cr | 7.2% |
About the AMC
Mirae Asset India Mutual Fund
Total AUM
₹1,99,057 Cr
Address
Unit No. 606, 6th Floor, Mumbai, 400 098
Other Funds by Mirae Asset India Mutual Fund
Risk Level
Your principal amount will be at Low to Moderate Risk
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We're here to help.
What is the current NAV of Mirae Asset Cash Management Direct Growth?
The NAV of Mirae Asset Cash Management Direct Growth, as of 21-Nov-2024, is ₹2669.93.
What are the returns of Mirae Asset Cash Management Direct Growth?
The fund has generated 7.49% over the last 1 year and 6.37% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Mirae Asset Cash Management Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 0.00% in bonds, and 99.79% in cash and cash equivalents.
Who manages the Mirae Asset Cash Management Direct Growth?
The fund managers responsible for Mirae Asset Cash Management Direct Growth are:-
- Amit Modani
- Abhishek Iyer
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.