| Risk | Low |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 0.20% |
| NAV | ₹1066.43 (10 Jul 2020) |
|---|---|
| Fund Started | 12 Jan 2009 |
| Fund Size | ₹3,537 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Bank Of Baroda | Financial | CD | 4.2% |
| ICICI Securities Ltd. | Financial | CP | 2.8% |
| Reliance Jio Infocomm Ltd. | Communication | CP | 2.8% |
| Bank of India | Financial | CD | 2.8% |
| National Housing Bank | Financial | CP | 2.8% |
| Muthoot Finance Ltd. | Financial | CP | 2.8% |
| Tata Capital Financial Services Ltd. | Financial | CP | 2.8% |
| Reserve Bank of India | Financial | T-Bills | 2.8% |
| Manappuram Finance Ltd. | Financial | CP | 2.8% |
| Reliance Industries Ltd. | Energy | CP | 2.8% |
Mirae Asset Cash Management Fund Dividend 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 Dividend Daily fund.The fund currently has an Asset Under Management(AUM) of ₹3,537 Cr and the Latest NAV as of 10 Jul 2020 is ₹1066.43.
The Mirae Asset Cash Management Fund Dividend Daily is rated Low 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.
The investment objective of the scheme is to generate consistent returns with a high level of liquidity in a judicious portfolio mix comprising of money market and debt instruments. The Scheme does not guarantee any returns.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.