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NAV as of ( Sep 11, 2022 )
₹ 2,293.73 0.01 % 1-D Change
You get upto 0.1% extra returns
ET Money Rank
Out of 26
Generated returns consistently
Increased returns for each unit of additional risk
Controlled losses during market corrections
Delivered returns without frequent ups and downs
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|ET Money Rank||17 Out of 26|
|Expense ratio||0.17% As on Jul 31, 2022|
|AUM (Fund Size)||₹ 5,128 Crs|
|Age||9 yrs 8 m Since Jan 01, 2013|
|Benchmark||NIFTY Liquid Index B-I|
SIP ₹ 1000 &
Lumpsum ₹ 5000
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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. Past performance is not an indicator of future returns.
Bifurcation by Holding is not available for this fund
Large Cap 0%
Mid Cap 0%
Small Cap 0%
Other Cap 0%
Bifurcation by Sector is not available for this fund
Reserve Bank of India 19.86%
Reliance Retail Ventures Ltd. 6.27%
Indian Oil Corpn. Ltd. 4.85%
HDFC Bank Ltd. 4.35%
Cash & Call Money 11.1%
Commercial Paper 51.05%
Treasury Bills 19.85%
Certificate of Deposit 14.72%
|Fund name||Annual Return %||Consistency||Value Research Rating|
|Quant Liquid Plan||5.9%|
|Franklin India Liquid Fund||5.43%|
|Edelweiss Liquid Fund||5.43%|
|Aditya Birla Sun Life Liquid Fund||5.41%|
|PGIM India Liquid Fund||5.4%|
|Nippon India Liquid Fund||5.4%|
|Mirae Asset Cash Management Fund||5.35%|
Sign-up for free to compare fund with liquid funds
|Period||Trailing returns||Category average||Rank within category|
|1 month||0.46%||0.45%||6 / 24|
|3 months||1.27%||1.26%||10 / 24|
|6 months||2.28%||2.25%||5 / 24|
|1 year||4.04%||4.02%||5 / 24|
|3 years||4.12%||4.07%||10 / 24|
|5 years||5.35%||5.24%||10 / 22|
Level of Risk in the Scheme
Sorry! Our analysts are busy working on analysing a risk rating for this scheme. Please bear with us in the meantime.
The investment objective of the scheme is to seek to generate returns linked to short end rates like MIBOR and CBLO etc. and provide higher liquidity by investing in a portfolio of debt and money market instruments.
Mr. Iyer is a B. Com, Master in Finance management, Master of Arts (MA) Economics
Prior to joining Mirae Asset Mutual Fund, he has worked with IDBI Mutual Fund, IIFL Mutual Fund, L&T Mutual Fund and Sahara Mutual Fund.
As on Jun 30, 2022
The Mirae Asset Cash Management Fund is a 9 yrs 8 m old fund and has delivered average annual returns of 6.61% since inception.
NAV or Net Asset Value is the per-unit price of the Mutual Fund. The NAV of a Mutual Fund changes every day. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date.
The NAV of Mirae Asset Cash Management Fund for Sep 11, 2022 is 2,293.73 .
Mirae Asset Cash Management Fund has an ET Money Rank of # 17 of 26 and a consistency rating of 3 .
This indicates the fund has not generated great returns and even those are not very consistent. You might want to look at other funds in its category.
On ET Money, Investing in Mirae Asset Cash Management Fund is fast, easy, and 100% paperless. And it takes only minutes. Here is what you need to do -
The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio is a percentage of Assets Under Management (AUM) and is taken from the returns generated by the fund. For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you.
The Expense Ratio of the direct plan of Mirae Asset Cash Management Fund is 0.17%. .
Redeeming your investments in Mirae Asset Cash Management Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.
If you have invested in Mirae Asset Cash Management Fund from anywhere else, you can go to the fund house website and put a request through it.
AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolio's equity shares (plus any other asset it might have invested in). The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesn't update it every day. It is updated only at the end of the month and released within few days of the next month.
The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund. There are funds with huge AUMs that continue to perform well despite their size.
The AUM of Mirae Asset Cash Management Fund is ₹5,128 Crs.
The credit rating of the instruments in which the fund invests represents the quality of the borrower.
The Mirae Asset Cash Management Fund allocation by credit quality is given below
|Credit Quality||Percentage of Portfolio|
|Cash & Call Money||11.1%|
The top 3 debt holdings of Mirae Asset Cash Management Fund are as follows
|Holding Name||Percentage of Portfolio|
|Reserve Bank of India||19.86%|
|Reliance Retail Ventures Ltd.||6.27%|
|Indian Oil Corpn. Ltd.||4.85%|