How to Invest in Mirae Asset Cash Management Fund IDCW Daily?

You can easily invest in Mirae Asset Cash Management Fund IDCW Daily in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for Mirae Asset Cash Management Fund IDCW Daily from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in Mirae Asset Cash Management Fund IDCW Daily as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Mirae Asset Cash Management Fund IDCW Daily provide?

The Mirae Asset Cash Management Fund IDCW Daily has been there from 12 Jan 2009 and the average annual returns provided by this fund is 6.98% since its inception.

How much expense ratio is charged by Mirae Asset Cash Management Fund IDCW Daily?

The term Expense Ratio used for Mirae Asset Cash Management Fund IDCW Daily or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Mirae Asset Cash Management Fund IDCW Daily is 0.23% as of 10 Dec 2023...

What is the AUM of Mirae Asset Cash Management Fund IDCW Daily?

The AUM, short for Assets Under Management of Mirae Asset Cash Management Fund IDCW Daily is ₹11,787.70Cr as of 10 Dec 2023.

How to Redeem Mirae Asset Cash Management Fund IDCW Daily?

If you want to sell your Mirae Asset Cash Management Fund IDCW Daily holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Mirae Asset Cash Management Fund IDCW Daily?

You can select either SIP or Lumpsum investment of Mirae Asset Cash Management Fund IDCW Daily based on your investment objective and risk tolerance.

What is the NAV of Mirae Asset Cash Management Fund IDCW Daily?

The NAV of Mirae Asset Cash Management Fund IDCW Daily is ₹1,066.43 as of 10 Dec 2023.

What is the PE and PB ratio of Mirae Asset Cash Management Fund IDCW Daily?

The PE ratio ratio of Mirae Asset Cash Management Fund IDCW Daily is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

Mirae Asset Cash Management Fund IDCW Daily - NAV, Mutual Fund Performance & Portfolio

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Mirae Asset Cash Management Fund IDCW Daily
Debt
Liquid
Low to Moderate Risk
95%
3Y annualised
+0.02% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 10 Dec 2023₹1,066.43
Min. SIP amountNot Supported
Rating4
Fund size₹11,787.70Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Liquid
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns7.0%5.0%5.2%6.2%
Category average6.8%4.8%5.0%NA
Rank with in category11810NA
Understand terms
Holdings (94)NameSectorInstrumentAssets
REC Ltd.
FinancialCP3.4%
Reserve Bank of India
FinancialT-Bills2.8%
Reserve Bank of India
FinancialT-Bills2.6%
Reserve Bank of India
FinancialT-Bills2.1%
Reserve Bank of India
FinancialT-Bills2.1%
Reserve Bank of India
FinancialT-Bills2.1%
National Bank For Agriculture & Rural Development
FinancialCP1.9%
Reserve Bank of India
FinancialT-Bills1.9%
Reserve Bank of India
FinancialT-Bills1.7%
Reliance Retail Ventures Ltd.
ServicesCP1.7%
See All
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
Nov 2023 - Present
23%
Nov 2023 - 30 Nov 2023
23%
Nov 2023 - 29 Nov 2023
23%
Nov 2023 - 28 Nov 2023
23%
Nov 2023 - 27 Nov 2023
23%
Nov 2023 - 26 Nov 2023
23%
Nov 2023 - 25 Nov 2023
23%
Nov 2023 - 24 Nov 2023
23%
Nov 2023 - 23 Nov 2023
23%
Nov 2023 - 22 Nov 2023
23%
Nov 2023 - 21 Nov 2023
23%
Nov 2023 - 20 Nov 2023
23%
Nov 2023 - 19 Nov 2023
23%
Nov 2023 - 18 Nov 2023
23%
Nov 2023 - 17 Nov 2023
23%
Nov 2023 - 16 Nov 2023
23%
Nov 2023 - 15 Nov 2023
23%
Nov 2023 - 14 Nov 2023
23%
Nov 2023 - 13 Nov 2023
23%
Nov 2023 - 12 Nov 2023
23%
Nov 2023 - 11 Nov 2023
23%
Nov 2023 - 10 Nov 2023
23%
Nov 2023 - 09 Nov 2023
23%
Nov 2023 - 08 Nov 2023
23%
Nov 2023 - 07 Nov 2023
23%
Nov 2023 - 06 Nov 2023
23%
Nov 2023 - 05 Nov 2023
23%
Nov 2023 - 04 Nov 2023
23%
Nov 2023 - 03 Nov 2023
23%
Nov 2023 - 02 Nov 2023
23%
Oct 2023 - 01 Nov 2023
23%
Oct 2023 - 31 Oct 2023
23%
Oct 2023 - 30 Oct 2023
23%
Oct 2023 - 29 Oct 2023
23%
Oct 2023 - 28 Oct 2023
23%
Oct 2023 - 27 Oct 2023
23%
Oct 2023 - 26 Oct 2023
23%
Oct 2023 - 25 Oct 2023
23%
Oct 2023 - 24 Oct 2023
23%
Oct 2023 - 23 Oct 2023
23%
Oct 2023 - 22 Oct 2023
23%
Oct 2023 - 21 Oct 2023
23%
Oct 2023 - 20 Oct 2023
23%
Oct 2023 - 19 Oct 2023
23%
Oct 2023 - 18 Oct 2023
23%
Oct 2023 - 17 Oct 2023
23%
Oct 2023 - 16 Oct 2023
23%
Oct 2023 - 15 Oct 2023
23%
Oct 2023 - 14 Oct 2023
23%
Oct 2023 - 13 Oct 2023
23%
Oct 2023 - 12 Oct 2023
23%
Oct 2023 - 11 Oct 2023
23%
Oct 2023 - 10 Oct 2023
23%
Oct 2023 - 09 Oct 2023
23%
Oct 2023 - 08 Oct 2023
23%
Oct 2023 - 07 Oct 2023
23%
Oct 2023 - 06 Oct 2023
23%
Oct 2023 - 05 Oct 2023
23%
Oct 2023 - 04 Oct 2023
23%
Oct 2023 - 03 Oct 2023
23%
Oct 2023 - 02 Oct 2023
23%
Sep 2023 - 01 Oct 2023
23%
Sep 2023 - 30 Sep 2023
23%
Sep 2023 - 29 Sep 2023
23%
Sep 2023 - 28 Sep 2023
23%
Sep 2023 - 27 Sep 2023
23%
Sep 2023 - 26 Sep 2023
23%
Sep 2023 - 25 Sep 2023
23%
Sep 2023 - 24 Sep 2023
23%
Sep 2023 - 23 Sep 2023
23%
Sep 2023 - 22 Sep 2023
23%
Sep 2023 - 21 Sep 2023
23%
Sep 2023 - 20 Sep 2023
23%
Sep 2023 - 19 Sep 2023
23%
Sep 2023 - 18 Sep 2023
23%
Sep 2023 - 17 Sep 2023
23%
Sep 2023 - 16 Sep 2023
23%
Sep 2023 - 15 Sep 2023
23%
Sep 2023 - 14 Sep 2023
23%
Sep 2023 - 13 Sep 2023
23%
Sep 2023 - 12 Sep 2023
23%
Sep 2023 - 11 Sep 2023
23%
Sep 2023 - 10 Sep 2023
23%
Sep 2023 - 09 Sep 2023
23%
Sep 2023 - 08 Sep 2023
23%
Sep 2023 - 07 Sep 2023
23%
Sep 2023 - 06 Sep 2023
23%
Sep 2023 - 05 Sep 2023
23%
Sep 2023 - 04 Sep 2023
23%
Sep 2023 - 03 Sep 2023
23%
Sep 2023 - 02 Sep 2023
23%
Aug 2023 - 01 Sep 2023
23%
Jul 2023 - 31 Aug 2023
23%
Jun 2023 - 31 Jul 2023
25%
May 2023 - 30 Jun 2023
25%
Apr 2023 - 31 May 2023
25%
Mar 2023 - 30 Apr 2023
25%
Feb 2023 - 31 Mar 2023
24%
Jan 2023 - 28 Feb 2023
27%
Dec 2022 - 31 Jan 2023
27%
Dec 2022 - 31 Dec 2022
27%
Dec 2022 - 31 Dec 2022
27%
Nov 2022 - 31 Dec 2022
27%
Nov 2022 - 30 Nov 2022
27%
Nov 2022 - 30 Nov 2022
27%
Oct 2022 - 30 Nov 2022
27%
Oct 2022 - 31 Oct 2022
27%
Oct 2022 - 31 Oct 2022
27%
Sep 2022 - 31 Oct 2022
27%
Sep 2022 - 30 Sep 2022
27%
Sep 2022 - 30 Sep 2022
27%
Aug 2022 - 30 Sep 2022
27%
Aug 2022 - 31 Aug 2022
27%
Jul 2022 - 31 Aug 2022
27%
Jul 2022 - 31 Jul 2022
27%
Jul 2022 - 31 Jul 2022
27%
Jun 2022 - 31 Jul 2022
27%
Jun 2022 - 30 Jun 2022
27%
May 2022 - 30 Jun 2022
27%
May 2022 - 31 May 2022
27%
Apr 2022 - 31 May 2022
27%
Apr 2022 - 30 Apr 2022
27%
Mar 2022 - 30 Apr 2022
27%
Mar 2022 - 31 Mar 2022
27%
Feb 2022 - 31 Mar 2022
27%
Feb 2022 - 28 Feb 2022
27%
Jan 2022 - 28 Feb 2022
27%
Dec 2021 - 31 Jan 2022
27%
Nov 2021 - 31 Dec 2021
27%
Oct 2021 - 30 Nov 2021
27%
Sep 2021 - 31 Oct 2021
27%
Aug 2021 - 30 Sep 2021
27%
Jul 2021 - 31 Aug 2021
27%
Jun 2021 - 31 Jul 2021
27%
May 2021 - 30 Jun 2021
27%
Apr 2021 - 31 May 2021
27%
Mar 2021 - 30 Apr 2021
22%
Feb 2021 - 31 Mar 2021
24%
Jan 2021 - 28 Feb 2021
21%
Dec 2020 - 31 Jan 2021
21%
Nov 2020 - 31 Dec 2020
21%
Oct 2020 - 30 Nov 2020
21%
Sep 2020 - 31 Oct 2020
20%
Aug 2020 - 30 Sep 2020
21%
Jul 2020 - 31 Aug 2020
21%
Jun 2020 - 31 Jul 2020
20%
May 2020 - 30 Jun 2020
20%
Apr 2020 - 31 May 2020
20%
Mar 2020 - 30 Apr 2020
20%
Feb 2020 - 31 Mar 2020
21%
Jan 2020 - 29 Feb 2020
21%
Dec 2019 - 31 Jan 2020
20%
Nov 2019 - 31 Dec 2019
20%
Oct 2019 - 30 Nov 2019
20%
Sep 2019 - 31 Oct 2019
18%
Aug 2019 - 30 Sep 2019
17%
Jul 2019 - 31 Aug 2019
17%
Jun 2019 - 31 Jul 2019
17%
May 2019 - 30 Jun 2019
17%
Apr 2019 - 31 May 2019
17%
Mar 2019 - 30 Apr 2019
08%
Feb 2019 - 31 Mar 2019
08%
Jan 2019 - 28 Feb 2019
09%
Dec 2018 - 31 Jan 2019
09%
Nov 2018 - 31 Dec 2018
09%
Oct 2018 - 30 Nov 2018
09%
Sep 2018 - 31 Oct 2018
19%
Aug 2018 - 30 Sep 2018
19%
Jul 2018 - 31 Aug 2018
19%
Jun 2018 - 31 Jul 2018
19%
May 2018 - 30 Jun 2018
19%
Apr 2018 - 31 May 2018
19%
Mar 2018 - 30 Apr 2018
19%
Feb 2018 - 31 Mar 2018
19%
Jan 2018 - 28 Feb 2018
16%
Dec 2017 - 31 Jan 2018
12%
Nov 2017 - 31 Dec 2017
12%
Oct 2017 - 30 Nov 2017
12%
Expense ratio, exit load and taxExpense ratio: 0.23%Inclusive of GST
Exit loadExit 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.
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab.
Understand terms
Check past data
Minimum investment amountsMin. for 1st investmentNot Supported
Min. for 2nd investment onwardsNot Supported
Min. for SIPNot Supported
Fund managementAbhishek Iyer
Dec 2020 - Present
View details
Education
Mr. Iyer is a B. Com, Master in Finance management, Master of Arts (MA) Economics
Experience
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.
Also manages these schemes
Mirae Asset Cash Management Fund Direct Growth
Mirae Asset Overnight Fund Direct Growth
Mirae Asset Arbitrage Fund Direct Growth
Fund house & investment objective
Mirae Asset Mutual Fund
Rank (total assets)#13 in India
Total AUM₹1,02,127.67Cr
Date of Incorporation26 Apr 2019
 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 26 Apr 2019. 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 ₹1,02,128 Cr and the Latest NAV as of 10 Dec 2023 is ₹1,066.43.
The Mirae Asset Cash Management Fund IDCW Daily is rated Low to Moderate risk. Minimum SIP Investment is set to ₹1,000. 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 ObjectiveThe 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.
;
Fund benchmarkNIFTY Liquid Index B-I
Scheme Information Document(SID)
Fund house contact details
Address
Unit No.606 - 6th Floor,Windsor Building - Off. CST Road,Kalina, Santacruz (East), Mumbai 400098
Phone
022-67800301 / 1800-2090-777
Launch Date
Apr 2019
E-mail
[email protected]
Website
www.miraeassetmf.co.in
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,
Email
[email protected]
Website
www.karvymfs.com
Compare funds
Mirae Asset Cash Management Fund IDCW Daily
VS
Add mutual fund to compare

	1Y	3Y	5Y	All
Fund returns	7.0%	5.0%	5.2%	6.2%
Category average	6.8%	4.8%	5.0%	NA
Rank with in category	11	8	10	NA

Name	Sector	Instrument	Assets
REC Ltd.	Financial	CP	3.4%
Reserve Bank of India	Financial	T-Bills	2.8%
Reserve Bank of India	Financial	T-Bills	2.6%
Reserve Bank of India	Financial	T-Bills	2.1%
Reserve Bank of India	Financial	T-Bills	2.1%
Reserve Bank of India	Financial	T-Bills	2.1%
National Bank For Agriculture & Rural Development	Financial	CP	1.9%
Reserve Bank of India	Financial	T-Bills	1.9%
Reserve Bank of India	Financial	T-Bills	1.7%
Reliance Retail Ventures Ltd.	Services	CP	1.7%

Rank (total assets)	#13 in India
Total AUM	₹1,02,127.67Cr

Date of Incorporation	26 Apr 2019

Fund benchmark	NIFTY Liquid Index B-I

Vaishnavi Tech Park, 3rd & 4th Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
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Min. for 1st investment	Not Supported
Min. for 2nd investment onwards	Not Supported

Rating	4
Fund size	₹11,787.70Cr

Mirae Asset Cash Management Fund IDCW Daily

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (94)

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.23%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Abhishek IyerDec 2020 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Abhishek Iyer
Dec 2020 - Present
View details