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Mirae Asset Money Market Fund Regular IDCW

Category: Debt: Money Market
Launch Date: 11-08-2021
Asset Class:
Benchmark: Nifty Money Market Index A-I
Expense Ratio: 0.56% As on (30-04-2024)
Status: Open Ended Schemes
Minimum Investment: 5000.0
Minimum Topup: 1000.0
Total Assets: 145.28 Cr As on (30-04-2024)
Turn over:
NAV (₹): 1157.92
₹ 0.11 ( 0.0096%)
as on 10-05-2024
CAGR Since Inception - 5.48%
Nifty Money Market Index A-I - 5.39%

Fund Managers

Amit Modani


Investment Objective

The scheme seeks to generate reasonable returns with low risk and provide liquidity by investing in money market instruments.

PERFORMANCE of Mirae Asset Money Market Fund Regular IDCW

Scheme Performance (%) Data as on - 10-05-2024

1-Year Ret (%) 3-Yrs Ret (%) 5-Yrs Ret (%) 10-Yrs Ret (%) Since Launch Ret (%)
Mirae Asset Money Market Fund Regular IDCW 7.18 - - - 5.48
Benchmark - - - - -
Debt: Money Market 7.16 5.48 5.74 6.67 6.36

RETURNS CALCULATOR for Mirae Asset Money Market Fund Regular IDCW

Growth of 10000 In SIP (Fund vs Benchmark)

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Growth of 10000 In LUMPSUM (Fund vs Benchmark)

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Rolling Returns

Rolling returns are the annualized returns of the scheme taken for a specified period (rolling returns period) on every day/week/month and taken till the last day of the duration. In this chart we are showing the annualized returns over the rolling returns period on every day from the start date and comparing it with the benchmark. Rolling returns is the best measure of a fund's performance. Trailing returns have a recency bias and point to point returns are specific to the period in consideration. Rolling returns, on the other hand, measures the fund's absolute and relative performance across all timescales, without bias.

Key Performance and Risk Statistics of Mirae Asset Money Market Fund Regular IDCW

Key Statistics Volatility Sharpe Ratio Alpha Beta Yield to Maturity Average Maturity
Mirae Asset Money Market Fund Regular IDCW 7.72 0.73
Debt: Money Market - - - - - -

PEER COMPARISION

Scheme Name Launch
Date
1-Year
Ret (%)
2-Yrs
Ret (%)
3-Yrs
Ret (%)
5-Yrs
Ret (%)
10-Yrs
Ret (%)
Mirae Asset Money Market Fund Reg IDCW 11-08-2021 7.18 6.36 0.0 0.0 0.0
ABSL Money Manager Gr 10-10-2005 7.57 7.02 5.87 6.14 7.02
ABSL Money Manager Retail Gr 05-06-2003 7.57 7.02 5.87 6.14 7.02
UTI MMF Reg Gr 01-07-2009 7.55 6.99 5.86 5.99 6.91
Nippon India Money Mkt Gr Gr 01-06-2005 7.54 6.99 5.88 6.02 6.92
Tata Money Mkt Reg Gr 20-05-2003 7.53 6.96 5.83 6.05 6.14
ICICI Pru Money Mkt Gr 01-03-2006 7.52 6.93 5.77 5.97 6.88
Axis Money Mkt Reg Gr 05-08-2019 7.49 6.93 5.79 0.0 0.0
Kotak Money Mkt Gr 14-07-2003 7.49 6.91 5.81 5.87 6.86
HDFC Money Mkt Gr 05-11-1999 7.45 6.87 5.75 6.07 6.86

Asset Allocation (%)

PORTFOLIO ANALYSIS of Mirae Asset Money Market Fund Regular IDCW

Portfolio as on

Top 10 Sectors in portfolio (%)

Top 10 Stocks in portfolio (%)

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