Fund Details
Mirae Asset Cash Management Fund IDCW Daily
| Risk | Low to Moderate |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 0.25% |
| NAV | ₹1066.43 (12 May 2021) |
|---|---|
| Fund Started | 12 Jan 2009 |
| Fund Size | ₹4,045 Cr |
Returns
Comparison
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
1. 10Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reserve Bank of India | Financial | T-Bills | 5.8% |
| Reserve Bank of India | Financial | T-Bills | 4.3% |
| National Bank For Agriculture & Rural Development | Financial | CP | 2.9% |
| Reliance Industries Ltd - Partly Paid Equity | Energy | CP | 2.9% |
| Reserve Bank of India | Financial | T-Bills | 2.9% |
| Power Grid Corporation of India Ltd. | Energy | CP | 2.9% |
| Bank Of Baroda | Financial | CD | 2.9% |
| Bank Of Baroda | Financial | CD | 2.9% |
| Reserve Bank of India | Financial | T-Bills | 2.9% |
| National Thermal Power Corp. Ltd. | Energy | CP | 2.9% |
Fund Managers
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.
