N/A

Mirae Asset Cash Management Fund Direct Plan Monthly Dividend Reinvestment

Debt

  

Liquid Fund

NAV

1140.66 + 0.4382

as on (03 Apr, 2020)

RETURNS

5.01 %

Fund Type

Open Ended

Investment Plan

Dividend Reinvestment

Expense Ratio

0.1 %

Benchmark

CRISIL Liquid Fund TR INR

Asset Size

3834.47 Cr.

(As of 30 Apr, 2019)

Risk

Low

Objective

The investment objective of the scheme is to generate consistent returns with a high level of liquidity in a judicious portfolio mix comprising of money market and debt instruments. The Scheme does not guarantee any returns.

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Fund manager

Mahendra Jajoo

(since 08 Sep, 2016)

Exit load

N / A

Minimum sip

₹ 1000

minimum investment

₹ 5000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

Mahindra & Mahindra Financial Services Ltd

3.27 %

Power Finance Corporation Ltd.

1.17 %

LIC Housing Finance Limited

1.17 %

91 DTB 07122018

0.7 %

Sector Allocation

About the Scheme Type

Liquid Fund

Liquid Mutual Fund invest in short-term money market instruments such as government securities, treasury bills (T-Bills), commercial papers, call money, etc., with a maturity period of up to 91 days. Liquid mutual funds are not only least risky but least volatile as well because they mostly invest in instruments with high credit rating (P1+) and experience nominal change in their NAV (Net Asset Value), mostly on the interest income accrued. This happens because of their short-term maturity which makes them sparingly traded in the market. Being invested for short periods of time, these provide unrivalled liquidity to investors.

Ratings

This fund is rated 0 stars by Morning Star Ratings.

N/A

Overview of Mirae Asset Global Inv (India) Pvt. Ltd

Mirae Asset was founded in 1997 in the wake of the Asian financial crisis with a vision of and dedication to serving clients in a way to help them build wealth for life with proven investment strategies. As on 12th March 2019, Mirae Asset Management’s AUM (Assets under Management) had crossed the important threshold of Rs 25,000 Cr (Rs 22,000 in equity and Rs 3,100 in debt), witnessing a growth of over 50% in calendar year 2018.

  • Mirae Asset Global Investments (India) Pvt. Ltd. was established in India, in November 2007, with a seed capital of US$ 50 million

  • Mirae Asset Mutual Fund is sponsored by Mirae Asset Global Investments Co. Limited, South Korea

  • Mirae Asset present in India as a Foreign Institutional Investor (FII) since 2004

  • Mirae Asset Global Investments India provides advisory services to Hong Kong & Korean offices

  • Mix of domestic and international businesses providing stable growth for Mirae Asser India business