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Mirae Asset Cash Management Fund IDCW Daily+0.01%

3.36%
1 Year Return
Debt
Liquid
3.0star
6M
1Y
3Y
5Y
All

Fund Details

Mirae Asset Cash Management Fund IDCW Daily

RiskLow to Moderate
Min SIP Amount₹1000
Expense Ratio0.25%
NAV₹1066.43 (12 May 2021)
Fund Started12 Jan 2009
Fund Size4,045 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
3.4%
5.6%
6.0%
6.5%
Category Average
3.3%
5.4%
6.0%
-
Rank Within Category
6
15
23
-
*All returns are annualized.
SIP
ONE TIME
Minimum SIP amount1,000
Amount Per Month₹5,000
Duration
1Y back
3Y back
5Y back
Would have become
0
with 3.4% returns per annum

Comparison

Data not available
Pros
1. Age is more than 3 years
2. 1Y Returns are higher than the category average returns
3. 3Y Returns are higher than the category average returns
Cons
1. 10Y Returns are lower than the category average returns

Top Holdings

NameSectorInstrument% Assets
Reserve Bank of IndiaFinancialT-Bills5.8%
Reserve Bank of IndiaFinancialT-Bills4.3%
National Bank For Agriculture & Rural DevelopmentFinancialCP2.9%
Reliance Industries Ltd - Partly Paid EquityEnergyCP2.9%
Reserve Bank of IndiaFinancialT-Bills2.9%
Power Grid Corporation of India Ltd.EnergyCP2.9%
Bank Of BarodaFinancialCD2.9%
Bank Of BarodaFinancialCD2.9%
Reserve Bank of IndiaFinancialT-Bills2.9%
National Thermal Power Corp. Ltd.EnergyCP2.9%
See All

Fund Managers

Mahendra Kumar Jajoo
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Mirae Asset Cash Management Fund IDCW Daily Details

Mirae Asset Cash Management Fund IDCW Daily is a Debt Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made available to investors on 12 Jan 2009. Mahendra Jajoo is the Current Fund Manager of Mirae Asset Cash Management Fund IDCW Daily fund.The fund currently has an Asset Under Management(AUM) of ₹4,045 Cr and the Latest NAV as of 12 May 2021 is ₹1066.43.

The Mirae Asset Cash Management Fund IDCW Daily is rated Low to Moderate risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000. Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days.

Investment Objective

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.

Tax Implications

Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

Scheme Information Document(SID)

₹5000
Min for First Investment
₹1000
Min for Second Investment
Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days.
Exit Load

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About Mirae Asset Mutual Fund

Address
Unit 606, 6th Floor, Windsor, Off CST Road, Kalina, Santacruz (E), MUMBAI 400098
Phone
022-67800300
Launch Date
30 Nov 2007
Mirae Asset Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
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