How to Invest in Mirae Asset Money Market Fund Direct Growth?

You can easily invest in Mirae Asset Money Market Fund Direct Growth 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 Money Market Fund Direct Growth 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 Money Market Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Mirae Asset Money Market Fund Direct Growth provide?

The Mirae Asset Money Market Fund Direct Growth has been there from 11 Aug 2021 and the average annual returns provided by this fund is 7.05% since its inception.

How much expense ratio is charged by Mirae Asset Money Market Fund Direct Growth?

The term Expense Ratio used for Mirae Asset Money Market Fund Direct Growth 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 Money Market Fund Direct Growth is 0.23% as of 06 Dec 2023...

What is the AUM of Mirae Asset Money Market Fund Direct Growth?

The AUM, short for Assets Under Management of Mirae Asset Money Market Fund Direct Growth is ₹92.45Cr as of 06 Dec 2023.

How to Redeem Mirae Asset Money Market Fund Direct Growth?

If you want to sell your Mirae Asset Money Market Fund Direct Growth 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 Money Market Fund Direct Growth?

You can select either SIP or Lumpsum investment of Mirae Asset Money Market Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of Mirae Asset Money Market Fund Direct Growth?

The NAV of Mirae Asset Money Market Fund Direct Growth is ₹1,131.76 as of 05 Dec 2023.

What is the PE and PB ratio of Mirae Asset Money Market Fund Direct Growth?

The PE ratio ratio of Mirae Asset Money Market Fund Direct Growth 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 Money Market Fund Direct Growth - NAV, Mutual Fund Performance & Portfolio

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Mirae Asset Money Market Fund Direct Growth
Debt
Money Market
Moderate Risk
1M
6M
1Y
All
 NAV: 05 Dec 2023₹1,131.76
Min. SIP amount₹1,000
Rating2
Fund size₹92.45Cr
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 Money Market
Absolute returns
3M6M1YAll
Fund returns1.8%3.5%7.0%12.9%
Category averageNANA7.0%NA
Rank with in category31120NA
Understand terms
Holdings (17)NameSectorInstrumentAssets
Export-Import Bank Of India
FinancialCD8.4%
Canara Bank
FinancialCD7.5%
State Bank of India
FinancialCD7.4%
ICICI Bank Ltd.
FinancialCD7.2%
Indian Bank
FinancialCD6.3%
Reserve Bank of India
FinancialT-Bills5.4%
Small Industries Devp. Bank of India Ltd.
FinancialCP5.3%
Reserve Bank of India
FinancialT-Bills5.3%
HDFC Bank Ltd.
FinancialCD5.3%
Axis Bank Ltd.
FinancialCD5.3%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Debt Money Market
Pros
Cons
Exit load is zero
Low rating: 2
Lower expense ratio: 0.23%
1Y annualised returns higher than category average by 0.04%
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
30 Nov 2023 - Present
0.23%
29 Nov 2023 - 30 Nov 2023
0.23%
28 Nov 2023 - 29 Nov 2023
0.23%
27 Nov 2023 - 28 Nov 2023
0.27%
26 Nov 2023 - 27 Nov 2023
0.27%
25 Nov 2023 - 26 Nov 2023
0.27%
24 Nov 2023 - 25 Nov 2023
0.27%
23 Nov 2023 - 24 Nov 2023
0.28%
22 Nov 2023 - 23 Nov 2023
0.28%
21 Nov 2023 - 22 Nov 2023
0.28%
20 Nov 2023 - 21 Nov 2023
0.28%
19 Nov 2023 - 20 Nov 2023
0.28%
18 Nov 2023 - 19 Nov 2023
0.28%
17 Nov 2023 - 18 Nov 2023
0.28%
16 Nov 2023 - 17 Nov 2023
0.28%
15 Nov 2023 - 16 Nov 2023
0.28%
14 Nov 2023 - 15 Nov 2023
0.28%
13 Nov 2023 - 14 Nov 2023
0.28%
12 Nov 2023 - 13 Nov 2023
0.28%
11 Nov 2023 - 12 Nov 2023
0.28%
10 Nov 2023 - 11 Nov 2023
0.28%
09 Nov 2023 - 10 Nov 2023
0.28%
08 Nov 2023 - 09 Nov 2023
0.28%
07 Nov 2023 - 08 Nov 2023
0.28%
06 Nov 2023 - 07 Nov 2023
0.28%
05 Nov 2023 - 06 Nov 2023
0.28%
04 Nov 2023 - 05 Nov 2023
0.28%
03 Nov 2023 - 04 Nov 2023
0.28%
02 Nov 2023 - 03 Nov 2023
0.28%
01 Nov 2023 - 02 Nov 2023
0.28%
31 Oct 2023 - 01 Nov 2023
0.28%
30 Oct 2023 - 31 Oct 2023
0.28%
29 Oct 2023 - 30 Oct 2023
0.28%
28 Oct 2023 - 29 Oct 2023
0.28%
27 Oct 2023 - 28 Oct 2023
0.28%
26 Oct 2023 - 27 Oct 2023
0.28%
25 Oct 2023 - 26 Oct 2023
0.28%
24 Oct 2023 - 25 Oct 2023
0.28%
23 Oct 2023 - 24 Oct 2023
0.28%
22 Oct 2023 - 23 Oct 2023
0.28%
21 Oct 2023 - 22 Oct 2023
0.28%
20 Oct 2023 - 21 Oct 2023
0.28%
19 Oct 2023 - 20 Oct 2023
0.28%
18 Oct 2023 - 19 Oct 2023
0.28%
17 Oct 2023 - 18 Oct 2023
0.28%
16 Oct 2023 - 17 Oct 2023
0.29%
15 Oct 2023 - 16 Oct 2023
0.29%
14 Oct 2023 - 15 Oct 2023
0.29%
13 Oct 2023 - 14 Oct 2023
0.29%
12 Oct 2023 - 13 Oct 2023
0.29%
11 Oct 2023 - 12 Oct 2023
0.29%
10 Oct 2023 - 11 Oct 2023
0.29%
09 Oct 2023 - 10 Oct 2023
0.29%
08 Oct 2023 - 09 Oct 2023
0.29%
07 Oct 2023 - 08 Oct 2023
0.29%
06 Oct 2023 - 07 Oct 2023
0.29%
05 Oct 2023 - 06 Oct 2023
0.29%
04 Oct 2023 - 05 Oct 2023
0.29%
03 Oct 2023 - 04 Oct 2023
0.29%
02 Oct 2023 - 03 Oct 2023
0.29%
01 Oct 2023 - 02 Oct 2023
0.29%
30 Sep 2023 - 01 Oct 2023
0.29%
29 Sep 2023 - 30 Sep 2023
0.29%
28 Sep 2023 - 29 Sep 2023
0.29%
27 Sep 2023 - 28 Sep 2023
0.29%
26 Sep 2023 - 27 Sep 2023
0.29%
25 Sep 2023 - 26 Sep 2023
0.29%
24 Sep 2023 - 25 Sep 2023
0.29%
23 Sep 2023 - 24 Sep 2023
0.29%
22 Sep 2023 - 23 Sep 2023
0.29%
21 Sep 2023 - 22 Sep 2023
0.29%
20 Sep 2023 - 21 Sep 2023
0.29%
19 Sep 2023 - 20 Sep 2023
0.29%
18 Sep 2023 - 19 Sep 2023
0.29%
17 Sep 2023 - 18 Sep 2023
0.29%
16 Sep 2023 - 17 Sep 2023
0.29%
15 Sep 2023 - 16 Sep 2023
0.29%
14 Sep 2023 - 15 Sep 2023
0.29%
13 Sep 2023 - 14 Sep 2023
0.29%
12 Sep 2023 - 13 Sep 2023
0.29%
11 Sep 2023 - 12 Sep 2023
0.29%
10 Sep 2023 - 11 Sep 2023
0.29%
09 Sep 2023 - 10 Sep 2023
0.29%
08 Sep 2023 - 09 Sep 2023
0.29%
07 Sep 2023 - 08 Sep 2023
0.29%
06 Sep 2023 - 07 Sep 2023
0.29%
05 Sep 2023 - 06 Sep 2023
0.29%
04 Sep 2023 - 05 Sep 2023
0.29%
03 Sep 2023 - 04 Sep 2023
0.29%
02 Sep 2023 - 03 Sep 2023
0.29%
01 Sep 2023 - 02 Sep 2023
0.29%
31 Aug 2023 - 01 Sep 2023
0.29%
31 Jul 2023 - 31 Aug 2023
0.31%
30 Jun 2023 - 31 Jul 2023
0.29%
31 May 2023 - 30 Jun 2023
0.28%
30 Apr 2023 - 31 May 2023
0.28%
31 Mar 2023 - 30 Apr 2023
0.30%
28 Feb 2023 - 31 Mar 2023
0.26%
31 Jan 2023 - 28 Feb 2023
0.25%
31 Dec 2022 - 31 Jan 2023
0.26%
31 Dec 2022 - 31 Dec 2022
0.26%
31 Dec 2022 - 31 Dec 2022
0.26%
30 Nov 2022 - 31 Dec 2022
0.26%
30 Nov 2022 - 30 Nov 2022
0.26%
30 Nov 2022 - 30 Nov 2022
0.26%
31 Oct 2022 - 30 Nov 2022
0.26%
31 Oct 2022 - 31 Oct 2022
0.26%
31 Oct 2022 - 31 Oct 2022
0.26%
30 Sep 2022 - 31 Oct 2022
0.26%
30 Sep 2022 - 30 Sep 2022
0.26%
30 Sep 2022 - 30 Sep 2022
0.26%
31 Aug 2022 - 30 Sep 2022
0.26%
31 Aug 2022 - 31 Aug 2022
0.26%
31 Jul 2022 - 31 Aug 2022
0.25%
31 Jul 2022 - 31 Jul 2022
0.25%
31 Jul 2022 - 31 Jul 2022
0.25%
30 Jun 2022 - 31 Jul 2022
0.25%
30 Jun 2022 - 30 Jun 2022
0.25%
31 May 2022 - 30 Jun 2022
0.25%
31 May 2022 - 31 May 2022
0.25%
30 Apr 2022 - 31 May 2022
0.22%
30 Apr 2022 - 30 Apr 2022
0.22%
31 Mar 2022 - 30 Apr 2022
0.23%
31 Mar 2022 - 31 Mar 2022
0.23%
28 Feb 2022 - 31 Mar 2022
0.26%
28 Feb 2022 - 28 Feb 2022
0.26%
31 Jan 2022 - 28 Feb 2022
0.26%
31 Dec 2021 - 31 Jan 2022
0.31%
30 Nov 2021 - 31 Dec 2021
0.22%
31 Oct 2021 - 30 Nov 2021
0.22%
30 Sep 2021 - 31 Oct 2021
0.24%
31 Aug 2021 - 30 Sep 2021
0.24%
Expense ratio, exit load and taxExpense ratio: 0.23%Inclusive of GST
Exit loadNil
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 investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000
Fund managementAmit Modani
Sep 2023 - Present
View details
Education
Mr. Modani is Chartered Accountant
Experience
Prior to joining BOI AXA Mutual Fund, he has worked with Quantum Asset Management Company Private Limited and Pramerica Asset Managers Pvt. Ltd.
Also manages these schemes
Bank of India Liquid Fund Direct Growth
Bank of India Ultra Short Duration Fund Direct Growth
Bank of India Short Term Income Fund Direct Growth
Bank of India Ultra Short Duration Fund Direct Bonus
Bank of India Balanced Advantage Fund Direct Growth
Mirae Asset Dynamic Bond Fund Direct Growth
Mirae Asset Short Term Fund Direct Growth
Bank of India Overnight Fund Direct Growth
Mirae Asset Money Market Fund Direct Growth
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct Growth
Mirae Asset CRISIL IBX Gilt Index April 2033 Index 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 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 26 Apr 2019. 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 ₹1,02,128 Cr and the Latest NAV as of 05 Dec 2023 is ₹1,131.76.
The Mirae Asset Money Market Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is set to ₹1,000. Minimum Lumpsum Investment is ₹5,000.
;
Investment ObjectiveThe scheme seeks to generate reasonable returns with low risk and provide liquidity by investing in money market instruments.
;
Fund benchmarkNIFTY Money Market 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
26 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 Money Market Fund Direct Growth
VS
Add mutual fund to compare

	3M	6M	1Y	All
Fund returns	1.8%	3.5%	7.0%	12.9%
Category average	NA	NA	7.0%	NA
Rank with in category	3	11	20	NA

Name	Sector	Instrument	Assets
Export-Import Bank Of India	Financial	CD	8.4%
Canara Bank	Financial	CD	7.5%
State Bank of India	Financial	CD	7.4%
ICICI Bank Ltd.	Financial	CD	7.2%
Indian Bank	Financial	CD	6.3%
Reserve Bank of India	Financial	T-Bills	5.4%
Small Industries Devp. Bank of India Ltd.	Financial	CP	5.3%
Reserve Bank of India	Financial	T-Bills	5.3%
HDFC Bank Ltd.	Financial	CD	5.3%
Axis Bank Ltd.	Financial	CD	5.3%

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

Date of Incorporation	26 Apr 2019

Fund benchmark	NIFTY Money Market Index B-I

Vaishnavi Tech Park, 3rd & 4th Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
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Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹1,000

Rating	2
Fund size	₹92.45Cr

Mirae Asset Money Market Fund Direct Growth

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (17)

Disclaimer

Pros and cons

Pros

Cons

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

Amit ModaniSep 2023 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Amit Modani
Sep 2023 - Present
View details