| Risk | Low |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 0.11% |
| NAV | ₹2141.83 (29 Oct 2020) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹2,919 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reserve Bank of India | Financial | T-Bills | 6.3% |
| Reserve Bank of India | Financial | T-Bills | 5.8% |
| Export-Import Bank Of India | Financial | CD | 3.4% |
| Reserve Bank of India | Financial | T-Bills | 3.4% |
| National Bank For Agriculture & Rural Development | Financial | CP | 3.4% |
| Steel Authority Of India Ltd. | Metals | CP | 3.4% |
| Reserve Bank of India | Financial | T-Bills | 3.4% |
| National Thermal Power Corp. Ltd. | Energy | CP | 3.4% |
| NLC India Ltd. | Energy | CP | 2.5% |
| Reserve Bank of India | Financial | T-Bills | 2.0% |
Mirae Asset Cash Management Fund Direct Growth 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 Growth fund.The fund currently has an Asset Under Management(AUM) of ₹2,919 Cr and the Latest NAV as of 29 Oct 2020 is ₹2141.83.
The Mirae Asset Cash Management Fund Direct Growth 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 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.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.