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  • Mirae Asset Mutual Fund
  • Mirae Asset Money Market Fund (Growth)
Mirae Asset Mutual Fund

Mirae Asset Money Market Fund (Growth)

DebtMoney Market

1175.1628

NAV (Jul 23)

5.6%
Till Date CAGR
Scripbox Opinion
Not Reviewed yet
Our analysis of this fundLearn how we rate funds ->

Fund Size

Rolling Returns

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Investment Calculator

Investment Duration5 years

0

Total Investment

0

Wealth Gained

0

Total Corpus Created (₹)

With CAGR of 11.25 % in 5 years

Historical NAV

1175.1628

NAV (Jul 23)

Fund Returns

Last 1Y
7.2%
Last 3Y
NA
Last 5Y
NA
Last 10Y
NA
Since Inception
5.6%
6 Month CAGR
3.8%

Scheme Information

Investment Objective

The investment objective of the scheme is to generate reasonable returns with low risk and provide liquidity by investing in money market instruments. However,there is no assurance or guarantee that the investment objective of the scheme will be realized.

Expense Ratio
0.57
Launched (3y ago)
Aug 11, 2021
AUM in Crores
142.194
ISIN
INF769K01HK4
Lock-in
No Lock-in
Benchmark
Nifty Money Market TR INR
SIP Minimum
1000
Lumpsum Min.
5000
Standard Deviation (3yr)
0
Standard Deviation (5yr)
0
Beta (3yr)
0
Beta (5yr)
0
Sharpe Ratio (3yr)
0
Sharpe Ratio (5yr)
0
YTM
7.71
Fund Managers

Amit Modani

Fund Manager

Important Links

Scheme Information Document

Statement of Additional Information

Portfolio Disclosure

Returns Calculator Comparison

of

for

with step up of

AssetReturnsTotal CorpusGainsCAGR
Mirae Asset Money Market Fund (Growth)70%8,74,154 1,41,5427.3%
EPF70% 9,00,761 1,68,1498.50%
Property70% 8,67,662 1,35,0507.00%
PPF70% 8,69,819 1,37,2077.10%
Bank FD70% 8,46,471 1,13,8596.00%
Gold70% 8,46,471 1,13,8596.00%
Savings Bank70% 8,25,950 93,3385.00%

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

Last updated on 2024-07-23

Top Debt Holdings

axis bank ltd.

8.9%
8.9%

kotak mahindra bank ltd.

8.2%
8.2%

union bank of india

6.9%
6.9%

india (republic of)

6.9%
6.9%

hdfc bank limited

6.9%
6.9%
See all holdings

Comparison with Debt Funds

Fund NameFund SizeRolling Returns
Bandhan CRISIL IBX Gilt April 2028 Index fund (G)
Bandhan CRISIL IBX Gilt April 2028 Index fund (G)

₹ 4,916 cr

₹ 10,652 cr

₹ 53,696 cr

₹ 15,103 cr

₹ 15,072 cr

amc-img

About the AMC

Mirae Asset Global Inv (India) Pvt. Ltd

Mirae Asset Investment Managers (India) Private Limited manages assets worth 175,906 crores and was set up on 20 November 2006. It's current offering of mutual fund schemes includes 35 equity,48 debt and 9 hybrid funds.amc-img
phone-img022-67800300
Fund NameScripbox Opinion
Till Date CAGR

18%

19.8%

17.2%

19.2%

22.6%

28.8%

10.6%

12%

14%

22.3%

Mirae Asset Money Market Fund (G) Review

Mirae Asset Money Market Fund (G) is a Money Market Debt fund and has delivered an annualised return of 5.6% over a period of 2 years. The fund is managed by Mirae Asset Investment Managers (India) Private Limited. The fund manager’s name is Amit Modani.

Nav of Mirae Asset Money Market Fund (G) as of 7/23/2024 is ₹1175.16 with the total AUM as of 7/24/2024 is ₹142.194. With Scripbox you can compare and check the latest nav for all mutual funds in India. Mirae Asset Money Market Fund (G) was launched on Aug 11, 2021. The category risk of the fund is Moderate Risk.

The minimum SIP amount for Mirae Asset Money Market Fund (G) 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 Money Market Fund (G) 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 Money Market TR INR.

Mirae Asset Money Market Fund (G) is rated as a 0 fund in Debt and delivered 7.3% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with Mirae Asset Money Market Fund (G).

Frequently Asked Questions

What is Mirae Asset Money Market Fund (G)?

Mirae Asset Money Market Fund (G) is a Money Market Debt scheme predominantly investing across Debt instruments with an investment objective to generate wealth over the long term.

How to invest in Mirae Asset Money Market Fund (G)?

You can invest in Mirae Asset Money Market Fund (G) 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 Money Market Fund (G)?

The minimum sip amount for Mirae Asset Money Market Fund (G) is ₹1000. You can invest in multiples of ₹5000.

Is Mirae Asset Money Market Fund (G) good to invest in?

As per Scripbox experts, Mirae Asset Money Market Fund (G) is a Not Reviewed Yet fund. You can investMirae Asset Money Market Fund (G) 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 Money Market Fund (G)?

The expense ratio of the Mirae Asset Money Market Fund (G) is 0.57% for regular plan.