- Mutual Funds
- Mirae Asset Mutual Fund
- Mirae Asset Money Market Fund (Growth)
Mirae Asset Money Market Fund (Growth)
₹ 1106.9945
NAV (Sep 22)
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 1106.9945
NAV (Sep 22)
Fund Returns
Last 1Y | 6.4% |
Last 3Y | NA |
Last 5Y | NA |
Last 10Y | NA |
Since Inception | 4.9% |
6 Month CAGR | 3.5% |
Scheme Information
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 | 0.65 |
Launched (2y ago) | Aug 11, 2021 |
AUM in Crores | 84.877 |
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 | 7.33 |
Fund Managers
Returns Calculator Comparison
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for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| Mirae Asset Money Market Fund (Growth) | NaN | NaN | % | |
| 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
182 Days Treasury Bill 21-12-2023
11.6%national bank for agriculture and rural development
9.2%treps
6.2%godrej agrovet limited
5.9%bank of baroda
5.8%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 | |
|---|---|---|---|
24.1% | 18% | ||
23% | 17.4% | ||
14.4% | 19.6% | ||
12.8% | 10.9% | ||
25.1% | 20.1% |
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 4.9% over a period of 2 years. The fund is managed by Mirae Asset Investment Managers (India) Private Limited. The fund managers are Amit Modani, Basant Bafna.
Nav of Mirae Asset Money Market Fund (G) as of 9/22/2023 is ₹1106.99 with the total AUM as of 9/23/2023 is ₹84.877. 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 Low to 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 6.4% 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)?
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 0.65% for regular plan.