Mirae Asset Money Market Fund Regular Growth
DebtMoney MarketLow to Moderate Risk
Regular
NAV (05-Sep-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹422 Cr
Expense Ratio
0.56%
ISIN
INF769K01HK4
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
11 Aug 2021
About this fund
As of 05-Sep-24, it has a Net Asset Value (NAV) of ₹1185.12, Assets Under Management (AUM) of 422.50 Crores, and an expense ratio of 0.56%.
- Mirae Asset Money Market Fund Regular Growth has given a CAGR return of 5.69% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 31.54% in debts, and 68.38% in cash & cash equivalents.
- You can start investing in Mirae Asset Money Market Fund Regular 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
+7.37%
+6.56% (Cat Avg.)
3 Years
+5.74%
+5.61% (Cat Avg.)
Since Inception
+5.69%
— (Cat Avg.)
Portfolio Summaryas of 15th August 2024
| Debt | ₹133.24 Cr | 31.54% |
| Others | ₹289.25 Cr | 68.46% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| 182 DTB 06022025 | Bond - Gov't/Treasury | ₹48.45 Cr | 11.47% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹39.07 Cr | 9.25% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹32.82 Cr | 7.77% |
| Indian Bank | Bond - Gov't Agency Debt | ₹29.72 Cr | 7.03% |
| Angel One Limited | Cash - Commercial Paper | ₹24.84 Cr | 5.88% |
| Indostar Capital Finance Limited | Cash - Commercial Paper | ₹24.84 Cr | 5.88% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹24.45 Cr | 5.79% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹24.04 Cr | 5.69% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹23.98 Cr | 5.68% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹23.49 Cr | 5.56% |
| Kotak Mahindra Bank Ltd. | Bond - Corporate Bond | ₹11.51 Cr | 2.72% |
| India (Republic of) | Bond - Short-term Government Bills | ₹9.68 Cr | 2.29% |
| Union Bank of India | Bond - Gov't Agency Debt | ₹9.61 Cr | 2.28% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹9.39 Cr | 2.22% |
| Infina Finance Private Limited | Cash - Commercial Paper | ₹8.78 Cr | 2.08% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹7.24 Cr | 1.71% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹6.85 Cr | 1.62% |
| LIC Housing Finance Ltd. | Bond - Corporate Bond | ₹6.72 Cr | 1.59% |
| Canara Bank | Bond - Gov't Agency Debt | ₹6.7 Cr | 1.59% |
| Canara Bank | Cash - CD/Time Deposit | ₹5.76 Cr | 1.36% |
| 08.06 MH Sdl 2025 | Bond - Gov't/Treasury | ₹5.03 Cr | 1.19% |
| Indostar Capital Finance Limited | Cash - Commercial Paper | ₹4.86 Cr | 1.15% |
| Cholamandalam Investment & Finance Co Ltd. | Cash - Commercial Paper | ₹4.84 Cr | 1.15% |
| 364 DTB 13032025 | Bond - Gov't/Treasury | ₹4.82 Cr | 1.14% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹4.8 Cr | 1.14% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹4.8 Cr | 1.14% |
| Shriram Housing Finance Limited | Cash - Commercial Paper | ₹4.79 Cr | 1.13% |
| Icici Securities Limited | Cash - Commercial Paper | ₹4.79 Cr | 1.13% |
| Motilal Oswal Financial Services Limited | Cash - Commercial Paper | ₹3.73 Cr | 0.88% |
| 08.09 HR Sdl 2025 | Bond - Gov't/Treasury | ₹1.01 Cr | 0.24% |
| Treps | Cash - Repurchase Agreement | ₹0.76 Cr | 0.18% |
| Class A2 units of Alternative Investment Fund Units # | Mutual Fund - Open End | ₹0.36 Cr | 0.09% |
| Net Receivables / (Payables) | Cash - Collateral | ₹-0.01 Cr | 0.00% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - CD/Time Deposit | ₹201.88 Cr | 47.78% |
| Cash - Commercial Paper | ₹86.27 Cr | 20.42% |
| Bond - Gov't/Treasury | ₹59.3 Cr | 14.04% |
| Bond - Gov't Agency Debt | ₹46.04 Cr | 10.90% |
| Bond - Corporate Bond | ₹18.23 Cr | 4.31% |
| Bond - Short-term Government Bills | ₹9.68 Cr | 2.29% |
| Cash - Repurchase Agreement | ₹0.76 Cr | 0.18% |
| Mutual Fund - Open End | ₹0.36 Cr | 0.09% |
| Cash - Collateral | ₹-0.01 Cr | 0.00% |
Risk & Performance Ratios
Standard Deviation
This fund
0.52%
Cat. avg.
0.70%
Lower the better
Sharpe Ratio
This fund
-0.91
Cat. avg.
-0.39
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.19
Higher the better
Fund Managers
Amit Modani
Since September 2023
Additional Scheme Detailsas of 15th August 2024
ISIN | INF769K01HK4 | Expense Ratio | 0.56% | Exit Load | No Charges | Fund Size | ₹422 Cr | Age | 11 Aug 2021 | 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:
- For investments made on or after 1 April 2023: The entire capital gain is added to the investor's income and is taxed based on the applicable income tax slab.
- For investments made before 1 April 2023:
- If sold within 2 years of investment: The capital gains are added to the investor's income and taxed according to the applicable tax slab.
- If sold after 2 years of investment: The capital gains are taxed at a flat rate of 12.5%.
- Holding the units: No tax is applicable as long as you hold the units.
Dividend Taxation:
Dividends are considered part of the investor’s income and are taxed according to their applicable tax slab. Additionally, if an investor’s dividend income exceeds INR 5,000 in a financial year, a 10% Tax Deducted at Source (TDS) is withheld by the fund house before distributing the dividend.
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% | ₹497.24 Cr | 6.8% |
| Union Money Market Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹175.41 Cr | 7.2% |
| Union Money Market Fund Regular Growth Low to Moderate Risk | 1.0% | 0.0% | ₹175.41 Cr | 6.5% |
| TRUSTMF Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹102.05 Cr | 7.4% |
| TRUSTMF Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹102.05 Cr | 7.2% |
| LIC MF Money Market Fund Direct Growth Low Risk | 0.6% | 0.0% | ₹25.89 Cr | 6.7% |
| LIC MF Money Market Fund Regular Growth Low Risk | 1.0% | 0.0% | ₹25.89 Cr | 6.3% |
| Tata Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹27172.45 Cr | 7.6% |
| Franklin India Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹1924.84 Cr | 7.5% |
| HDFC Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹28157.84 Cr | 7.5% |
About the AMC
Total AUM
₹1,93,693 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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- Amit Modani
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
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