- Mutual Funds
- Mirae Asset Mutual Fund
- Mirae Asset Cash Management Fund (RIDCW-M)
Formerly Mirae Asset Cash Management Dl DR
Liquid funds provides relative safety of capital with growth at par with inflation and is suitable for investment objectives with duration of 1-5 years or longer.
Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 1066.4347
NAV (Oct 3)
Fund Returns
Last 1Y | 6.9% |
Last 3Y | 4.6% |
Last 5Y | 4.5% |
Last 10Y | 5% |
Since Inception | 4.6% |
6 Month CAGR | 3.4% |
Scheme Information
The investment objective of the scheme is to generate consistent returns with a high level of liquidity in a judicious portfolio mix comprising of money market and debt instruments. The Scheme does not guarantee any returns.
Expense Ratio | 0.23 |
Launched (14y ago) | Jan 12, 2009 |
AUM in Crores | 10302.651 |
ISIN | INF769K01804 |
Lock-in | No Lock-in |
Benchmark | Nifty Liquid TR INR |
SIP Minimum | 1000 |
Lumpsum Min. | 5000 |
Standard Deviation (3yr) | 0.5 |
Standard Deviation (5yr) | 0.4 |
Beta (3yr) | 0 |
Beta (5yr) | 0 |
Sharpe Ratio (3yr) | -1.246 |
Sharpe Ratio (5yr) | -2.631 |
YTM | 7.03 |
Fund Managers
Returns Calculator Comparison
of
for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| Mirae Asset Cash Management Fund (RIDCW-M) | 8,15,934 | 83,322 | 4.5% | |
| EPF | 9,00,761 | 1,68,149 | 8.50% | |
| Property | 8,67,662 | 1,35,050 | 7.00% | |
| PPF | 8,69,819 | 1,37,207 | 7.10% | |
| Bank FD | 8,46,471 | 1,13,859 | 6.00% | |
| Gold | 8,46,471 | 1,13,859 | 6.00% | |
| Savings Bank | 8,25,950 | 93,338 | 5.00% |
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
Asset allocation and Holdings
Top Debt Holdings
treps
5.6%corporate bond repo
3.9%91 Days Treasury Bill 07-12-2023
3.1%india (republic of)
2.8%ultratech cement limited
2.4%Comparison with Debt Funds
| Fund Name | Fund Size | Rolling Returns |
|---|---|---|
₹ 44,468 cr | ||
₹ 18,357 cr | ||
₹ 10,408 cr | ||
₹ 14,357 cr | ||
₹ 9,121 cr |
About the AMC
Mirae Asset Global Inv (India) Pvt. Ltd
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
23.7% | 17.9% | ||
22.6% | 17.3% | ||
12.6% | 10.9% | ||
14.7% | 19.7% | ||
24.8% | 20.1% |
Mirae Asset Cash Management Fund (RIDCW-M) Review
Mirae Asset Cash Management Fund (RIDCW-M) is a Liquid Debt fund and has delivered an annualised return of 4.6% over a period of 14 years. The fund was previously known as Mirae Asset Cash Management Dl DR. The fund is managed by Mirae Asset Investment Managers (India) Private Limited. The fund manager’s name is Abhishek Iyer.
Nav of Mirae Asset Cash Management Fund (RIDCW-M) as of 10/3/2023 is ₹1066.43 with the total AUM as of 10/4/2023 is ₹10302.651. With Scripbox you can compare and check the latest nav for all mutual funds in India. Mirae Asset Cash Management Fund (RIDCW-M) was launched on Jan 12, 2009. The category risk of the fund is Moderate Risk.
The minimum SIP amount for Mirae Asset Cash Management Fund (RIDCW-M) is ₹1000 and you can increase this in multiples of ₹100. In case you want to invest a lump sum, the minimum amount to be invested is ₹5000. Check your estimated returns on mutual funds by using sip calculator.
Mirae Asset Cash Management Fund (RIDCW-M) is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to Nifty Liquid TR INR.
Mirae Asset Cash Management Fund (RIDCW-M) is rated as a 3 fund in Debt and delivered 6.9% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with Mirae Asset Cash Management Fund (RIDCW-M).
Frequently Asked Questions
What is Mirae Asset Cash Management Fund (RIDCW-M)?
How to invest in Mirae Asset Cash Management Fund (RIDCW-M)?
You can invest in Mirae Asset Cash Management Fund (RIDCW-M) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?
What is the minimum sip amount of Mirae Asset Cash Management Fund (RIDCW-M)?
The minimum sip amount for Mirae Asset Cash Management Fund (RIDCW-M) is ₹1000. You can invest in multiples of ₹5000.
Is Mirae Asset Cash Management Fund (RIDCW-M) good to invest in?
As per Scripbox experts, Mirae Asset Cash Management Fund (RIDCW-M) is a Neutral fund. You can investMirae Asset Cash Management Fund (RIDCW-M) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.
What is the expense ratio of the Mirae Asset Cash Management Fund (RIDCW-M)?
The expense ratio of the Mirae Asset Cash Management Fund (RIDCW-M) is 0.23% for regular plan.