Name: Mirae Asset Money Market Fund Direct Growth
Brand: Mirae Asset Mutual Fund

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Mirae Asset Money Market Fund Direct Growth
Debt
Money Market
Low to Moderate Risk
0.24%
1M return
+0.03% 1D
1M
All
 NAV: 18 Oct 2021₹1,006.29
Min. SIP amount₹1,000
RatingNA
Fund size₹126.34 Cr
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 Money Market
Absolute returns
1M3M6MAll
Fund returns0.2%NANA0.6%
Category averageNANANANA
Rank with in categoryNANANANA
Understand termsinfo
Holdings (12)NameSectorInstrumentAssets
RBL Bank Ltd.
FinancialCD9.3%
Reserve Bank of India
FinancialT-Bills7.9%
Pilani Investment & Industries Corporation Ltd.
FinancialCP7.9%
Reserve Bank of India
FinancialT-Bills7.9%
Reliance Industries Ltd.
EnergyCP7.8%
Godrej Agrovet Ltd.
FMCGCP7.8%
ICICI Securities Ltd.
FinancialCP7.8%
Network 18 Media & Investments Ltd.
ServicesCP7.7%
Bajaj Housing Finance Ltd.
FinancialCP7.7%
Export-Import Bank Of India
FinancialCD7.7%
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
31 Aug 2021 - Present
0.24%
Expense ratio, exit load and taxExpense ratio: 0.24%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Understand termsinfo
Check past data
Minimum investment amountsMin. for 1st investment₹5,000
Min. for 2nd investment onwards₹5,000
Min. for SIP₹1,000
Fund managementMahendra Kumar Jajoo
Aug 2021 - Present
View details
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Education
Mr. Jajoo is a B.Com (H), CS, Chartered Accountant and CFA.
Experience
Prior to joining Mirae Asset Mutual Fund he was Director with AUM Capital Markets Ltd. and also been associated with organisations like PGIM India Mutual Fund, Tata Asset Management Company, BNP Paribas Asset Management India Pvt. Ltd., ABN Amro Securities India Pvt. Ltd. and ICICI Group.
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Fund house & investment objective
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Mirae Asset Mutual Fund
Rank (total assets)#13 in India
Total AUM70,165.29 Cr
Date of Incorporation30 Nov 2007
Mirae Asset Money Market Fund Direct Growth is a Debt Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made available to inve
Mirae Asset Money Market Fund Direct Growth is a Debt Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made available to investors on 30 Nov 2007. Mahendra Kumar Jajoo is the Current Fund Manager of Mirae Asset Money Market Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹70,165 Cr and the Latest NAV as of 18 Oct 2021 is ₹1,006.29.
The Mirae Asset Money Market Fund Direct Growth is rated Low to Moderate risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000. ...Read more
Investment Objective
The scheme seeks to generate reasonable returns with low risk and provide liquidity by investing in money market instruments.
The scheme seeks to generate reasonable returns with low risk and provide liquidity by investing in money market instruments.
Fund benchmarkNIFTY Money Market Index
descriptionScheme Information Document(SID)
Fund house contact details
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Address
Unit 606, 6th Floor, Windsor, Off CST Road, Kalina, Santacruz (E), MUMBAI 400098
Phone
022-67800300
Launch Date
30 Nov 2007
E-mail
[email protected]
Website
NA
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
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	1M	3M	6M	All
Fund returns	0.2%	NA	NA	0.6%
Category average	NA	NA	NA	NA
Rank with in category	NA	NA	NA	NA

Name	Sector	Instrument	Assets
RBL Bank Ltd.	Financial	CD	9.3%
Reserve Bank of India	Financial	T-Bills	7.9%
Pilani Investment & Industries Corporation Ltd.	Financial	CP	7.9%
Reserve Bank of India	Financial	T-Bills	7.9%
Reliance Industries Ltd.	Energy	CP	7.8%
Godrej Agrovet Ltd.	FMCG	CP	7.8%
ICICI Securities Ltd.	Financial	CP	7.8%
Network 18 Media & Investments Ltd.	Services	CP	7.7%
Bajaj Housing Finance Ltd.	Financial	CP	7.7%
Export-Import Bank Of India	Financial	CD	7.7%

Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹5,000

Rating	NA
Fund size	₹126.34 Cr