Latest NAV & returns of MIRAE ASSET GLOBAL INVESTMENTS (INDIA) PVT. LTD.

Mirae Asset Money Market Fund Direct Reinvestment Inc Dist cum Cap Wdrl

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NAV on March 28, 2024
Category Fixed income:
Interest rate sensitivity
Credit quality
Limited Sensitivity High Quality
Total Assets 117 cr
Turnover Ratio 295.62%
Expense Ratio 0.22%
Exit Load -
Returns
  • 1M: 0.71%
  • 1Y: 7.63%
  • 3M: 1.99%
  • 3Y: N/A
  • 6M: 3.83%
  • 5Y: N/A
Min Investment 5,000
ADDITIONAL INFO
Fund Manager Amit Modani (Since 7 months)
ISIN INF769K01HO6
Fund Family Mirae Asset
Launch Date August 11, 2021
Benchmark Nifty Money Market TR INR
Avg. Maturity 0.42 years
Yield To Maturity (%) 7.75%
ASSET ALLOCATION
CREDIT QUALITY (%)
AAA 100.00%
AA 0.00%
A 0.00%
BBB 0.00%
BB 0.00%
B 0.00%
Below B 0.00%
Unrated 0.00%
RISK MEASURES (3 yrs)
vs Nifty Money Market TR INR

Alpha -
Beta -
R-Squared -
Info Ratio -
Tracking Err -
Sortino -
Sharpe -
Std Dev -
Risk -
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.

Dividends that would otherwise be paid out to investors are instead used to purchase more units in the fund. Not as tax efficient as Growth.

View Factsheet

Top Money Market Funds
NAME LATEST
NAV
RETURNS
1y      
FUND
ASSETS
EXPENSE
RATIO
RISK
4364.992 8.04% 15,266 cr 0.16% Average
340.597 7.94% 18,728 cr 0.21% Average
3819.202 7.87% 13,165 cr 0.25% Below Average
2835.574 7.85% 13,070 cr 0.19% Below Average
5297.009 7.84% 18,241 cr 0.23% Below Average
40.419 7.79% 19,013 cr 0.25% Below Average
47.077 7.78% 1,567 cr 0.14% Average


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