Mirae Asset Cash Management Fund Direct Dividend daily+0.01%

4.50%
1 Year Return
Debt
Liquid
3.0star
6M
1Y
3Y
5Y
All

Fund Details

Mirae Asset Cash Management Fund Direct Dividend daily

RiskLow
Min SIP Amount₹1000
Expense Ratio0.11%
NAV1075.83 (26 Nov 2020)
Fund Started01 Jan 2013
Fund Size3,153 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
4.5%
6.2%
6.6%
7.3%
Category Average
4.2%
5.9%
6.4%
-
Rank Within Category
14
16
24
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    0
    with 4.5% annual returns

    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
    Found nothing so far.

    Top Holdings

    NameSectorInstrument% Assets
    Reserve Bank of IndiaFinancialT-Bills6.8%
    Reserve Bank of IndiaFinancialT-Bills4.8%
    Steel Authority Of India Ltd.MetalsCP3.2%
    National Bank For Agriculture & Rural DevelopmentFinancialCP3.2%
    Reserve Bank of IndiaFinancialT-Bills3.2%
    Grasim Industries Ltd.ConstructionCP3.2%
    Reliance Industries Ltd.EnergyCP3.2%
    National Thermal Power Corp. Ltd.EnergyCP3.2%
    Godrej Consumer Products Ltd.FMCGCP2.5%
    The Ramco Cements Ltd.ConstructionCP2.4%
    See All

    Fund Managers

    Mahendra Kumar Jajoo
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    Mirae Asset Cash Management Fund Direct Dividend daily Details

    Mirae Asset Cash Management Fund Direct Dividend daily is a Debt Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Mahendra Jajoo is the Current Fund Manager of Mirae Asset Cash Management Fund Direct Dividend daily fund.The fund currently has an Asset Under Management(AUM) of ₹3,153 Cr and the Latest NAV as of 26 Nov 2020 is ₹1075.83.

    The Mirae Asset Cash Management Fund Direct 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.

    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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