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Mirae Asset Money Market Fund Direct Growth
DebtMoney MarketLow to Moderate Risk
Direct
NAV (21-Nov-24)
₹1217.930.04%1D
Returns (Since Inception)
6.20%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹1,201 Cr
Expense Ratio
0.11%
ISIN
INF769K01HN8
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
11 Aug 2021
About this fund
Mirae Asset Money Market Fund Direct Growth is a Money Market mutual fund schemes offered by Mirae Asset India Mutual Fund. This fund has been in existence for 3 years, 3 months and 11 days, having been launched on 11-Aug-21.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹1217.93, Assets Under Management (AUM) of 1201.15 Crores, and an expense ratio of 0.11%.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹1217.93, Assets Under Management (AUM) of 1201.15 Crores, and an expense ratio of 0.11%.
- Mirae Asset Money Market Fund Direct Growth has given a CAGR return of 6.20% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 16.30% in debts, and 83.67% in cash & cash equivalents.
- You can start investing in Mirae Asset Money Market Fund 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
+7.90%
— (Cat Avg.)
3 Years
+6.47%
— (Cat Avg.)
Since Inception
+6.20%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2024
| Debt | ₹195.74 Cr | 16.30% |
| Others | ₹1,005.41 Cr | 83.70% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| 182 DTB 27022025 | Bond - Gov't/Treasury | ₹97.92 Cr | 8.15% |
| Canara Bank (06/03/2025) ** # | Cash | ₹79.02 Cr | 6.58% |
| Punjab National Bank (11/03/2025) ** # | Cash | ₹73.1 Cr | 6.09% |
| Iifl Finance Limited (19/12/2024) ** | Cash | ₹49.4 Cr | 4.11% |
| Bank Of Baroda (20/02/2025) # | Cash | ₹48.92 Cr | 4.07% |
| ICICI Bank Ltd. | Bond - Corporate Bond | ₹48.88 Cr | 4.07% |
| Small Industries Dev Bank Of India (27/02/2025) ** # | Cash | ₹48.85 Cr | 4.07% |
| Hdfc Bank Limited (06/03/2025) ** # | Cash | ₹48.78 Cr | 4.06% |
| Union Bank Of India (26/03/2025) ** # | Cash | ₹48.59 Cr | 4.04% |
| Small Industries Dev Bank Of India (10/06/2025) ** # | Cash | ₹47.85 Cr | 3.98% |
| Hdfc Bank Limited (15/09/2025) ** # | Cash | ₹46.94 Cr | 3.91% |
| Indian Bank (13/03/2025) ** # | Cash | ₹30.2 Cr | 2.51% |
| Icici Securities Limited (07/03/2025) ** | Cash | ₹29.22 Cr | 2.43% |
| Indostar Capital Finance Limited (06/12/2024) ** | Cash | ₹24.77 Cr | 2.06% |
| Iifl Finance Limited (12/12/2024) ** | Cash | ₹24.74 Cr | 2.06% |
| The Jammu & Kashmir Bank Limited (26/12/2024) ** # | Cash | ₹24.73 Cr | 2.06% |
| Sundaram Finance Limited (31/01/2025) ** | Cash | ₹24.54 Cr | 2.04% |
| Punjab National Bank (07/02/2025) ** # | Cash | ₹24.52 Cr | 2.04% |
| Export Import Bank Of India (11/02/2025) | Cash | ₹24.5 Cr | 2.04% |
| Union Bank Of India (25/02/2025) ** # | Cash | ₹24.44 Cr | 2.03% |
| Axis Bank Limited (28/02/2025) ** # | Cash | ₹24.42 Cr | 2.03% |
| Indian Bank (10/03/2025) # | Cash | ₹24.37 Cr | 2.03% |
| Icici Securities Limited (10/03/2025) ** | Cash | ₹24.33 Cr | 2.03% |
| Export Import Bank Of India (24/03/2025) ** # | Cash | ₹24.31 Cr | 2.02% |
| Icici Securities Limited (20/03/2025) ** | Cash | ₹24.28 Cr | 2.02% |
| Kotak Mahindra Bank Limited (06/06/2025) # | Cash | ₹23.95 Cr | 1.99% |
| National Bank For Agriculture And Rural Development (20/06/2025) ** # | Cash | ₹23.88 Cr | 1.99% |
| Axis Bank Ltd. | Bond - Corporate Bond | ₹23.58 Cr | 1.96% |
| Canara Bank (03/09/2025) # | Cash | ₹23.53 Cr | 1.96% |
| Small Industries Dev Bank Of India (23/10/2025) ** # | Cash | ₹23.28 Cr | 1.94% |
| Kotak Mahindra Bank Limited (13/03/2025) ** # | Cash | ₹11.69 Cr | 0.97% |
| Union Bank Of India (27/02/2025) ** # | Cash | ₹9.77 Cr | 0.81% |
| ICICI Bank Ltd. | Bond - Corporate Bond | ₹9.54 Cr | 0.79% |
| Infina Finance Private Limited (10/12/2024) ** | Cash | ₹8.93 Cr | 0.74% |
| Canara Bank (20/03/2025) ** # | Cash | ₹6.81 Cr | 0.57% |
| 08.06 MH Sdl 2025 | Bond - Gov't/Treasury | ₹5.02 Cr | 0.42% |
| Indostar Capital Finance Limited (25/11/2024) ** | Cash | ₹4.97 Cr | 0.41% |
| Treps | Cash - Repurchase Agreement | ₹4.97 Cr | 0.41% |
| 364 DTB 13022025 | Bond - Gov't/Treasury | ₹4.91 Cr | 0.41% |
| Birla Group Holdings Private Limited (14/02/2025) ** | Cash | ₹4.89 Cr | 0.41% |
| 364 DTB 13032025 | Bond - Gov't/Treasury | ₹4.88 Cr | 0.41% |
| National Bank For Agriculture And Rural Development (07/03/2025) ** # | Cash | ₹4.88 Cr | 0.41% |
| Shriram Housing Finance Limited (26/02/2025) ** | Cash | ₹4.88 Cr | 0.41% |
| Motilal Oswal Financial Services Limited (19/06/2025) ** | Cash | ₹3.8 Cr | 0.32% |
| 08.09 HR Sdl 2025 | Bond - Gov't/Treasury | ₹1 Cr | 0.08% |
| Class A2 units of Alternative Investment Fund Units # | Mutual Fund - Open End | ₹0.37 Cr | 0.03% |
| Net Receivables / (Payables) | Cash | ₹-0.01 Cr | 0.00% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash | ₹1,000.07 Cr | 83.26% |
| Bond - Gov't/Treasury | ₹113.74 Cr | 9.47% |
| Bond - Corporate Bond | ₹82 Cr | 6.83% |
| Cash - Repurchase Agreement | ₹4.97 Cr | 0.41% |
| Mutual Fund - Open End | ₹0.37 Cr | 0.03% |
| Cash - CD/Time Deposit | ₹0 Cr | - |
| Cash - Commercial Paper | ₹0 Cr | - |
| Bond - Gov't Agency Debt | ₹0 Cr | - |
Risk & Performance Ratios
Standard Deviation
This fund
0.47%
Cat. avg.
0.69%
Lower the better
Sharpe Ratio
This fund
1.19
Cat. avg.
-0.21
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.05
Higher the better
Fund Managers
Amit Modani
Since September 2023
Additional Scheme Detailsas of 31st October 2024
ISIN INF769K01HN8 | Expense Ratio 0.11% | Exit Load No Charges | Fund Size ₹1,201 Cr | Age 3 years 3 months | Lumpsum Minimum ₹5,000 | Fund Status Open Ended Investment Company | Benchmark Nifty Money Market 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 Money Market Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Edelweiss Money Market Fund Regular Growth Low to Moderate Risk | 0.8% | 0.0% | ₹1033.79 Cr | 7.0% |
| Union Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹173.97 Cr | 7.4% |
| Union Money Market Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹173.97 Cr | 6.6% |
| TRUSTMF Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹101.63 Cr | 7.5% |
| TRUSTMF Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹101.63 Cr | 7.4% |
| LIC MF Money Market Fund Direct Growth Low Risk | 0.6% | 0.0% | ₹23.97 Cr | 6.5% |
| LIC MF Money Market Fund Regular Growth Low Risk | 1.0% | 0.0% | ₹23.97 Cr | 6.1% |
| Tata Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹26782.99 Cr | 7.7% |
| Franklin India Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹2458.17 Cr | 7.6% |
| HDFC Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹27674.69 Cr | 7.7% |
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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What is the current NAV of Mirae Asset Money Market Fund Direct Growth?
The NAV of Mirae Asset Money Market Fund Direct Growth, as of 21-Nov-2024, is ₹1217.93.
What are the returns of Mirae Asset Money Market Fund Direct Growth?
The fund has generated 7.90% over the last 1 year and 6.47% 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 Money Market Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 16.30% in bonds, and 83.67% in cash and cash equivalents.
Who manages the Mirae Asset Money Market Fund Direct Growth?
The fund managers responsible for Mirae Asset Money Market Fund Direct Growth are:-
- Amit Modani
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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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.