- Mutual Funds
- Mirae Asset Mutual Fund
- Mirae Asset Money Market Fund (G)
Mirae Asset Money Market Fund (G)
₹ 1194.8707
NAV (Oct 15)
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 1194.8707
NAV (Oct 15)
Fund Returns
Last 1Y | 7.5% |
Last 3Y | 5.9% |
Last 5Y | NA |
Last 10Y | NA |
Since Inception | 5.8% |
6 Month CAGR | 3.6% |
Scheme Information
The scheme seeks to generate reasonable returns with low risk and provide liquidity by investing in money market instruments.
Expense Ratio | 0.51 |
Launched (0y ago) | 0.51 |
AUM in Crores | 1393.3 |
ISIN | INF769K01HK4 |
Lock-in | - |
Benchmark | NIFTY Money Market Index A-I |
SIP Minimum | 1000 |
Lumpsum Min. | 5000 |
Standard Deviation (3yr) | - |
Standard Deviation | 0.5 |
Beta | 1 |
Sharpe Ratio | - |
YTM | - |
Fund Managers
Returns Calculator Comparison
of
for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| Mirae Asset Money Market Fund (G) | 8,44,743 | 1,12,131 | 5.9% | |
| 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
Punjab National Bank
8%Small Industries Devp. Bank of India Ltd.
8%Axis Bank Ltd.
6.9%Kotak Mahindra Bank Ltd.
6.4%Reserve Bank of India
5.4%Comparison with Debt Funds
| Fund Name | Fund Size | |
|---|---|---|
₹ 10,307 cr | ||
₹ 8,029 cr | ||
₹ 14,839 cr | ||
₹ 4,523 cr | ||
₹ 12,416 cr |
About the AMC
Mirae Asset Mutual Fund
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
14.1% | 19.7% | ||
18.3% | 24.4% | ||
9.6% | 12.1% | ||
19.5% | 28.4% | ||
13.9% | 21% |
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 5.757% over a period of 3 years. The fund is managed by Mirae Asset Mutual Fund. The fund manager’s name is Amit Modani.
Nav of Mirae Asset Money Market Fund (G) as of 10/15/2024 is ₹1194.87 with the total AUM as of 10/16/2024 is ₹1393.288458. 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 2021-08-11. The category risk of the fund is null.
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 Index A-I.
It is rated as a null fund in Debt and delivered 7.458% 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, it is a fund. You can invest in it 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 0.51% for regular plan.
What is the NAV of Mirae Asset Money Market Fund (G)?
Today's Mirae Asset Money Market Fund (G) NAV is ₹1194.87.