(Money Market Fund - An Open ended debt scheme investing in money market instruments)
A relatively low interest rate risk and moderate credit risk

Details as on February 28, 2023
Type of Scheme
Money Market Fund - An Open ended debt scheme investing in money market instruments
A relatively low interest rate risk and moderate credit risk
Investment Objective
The investment objective of the scheme is to generate reasonable returns with low risk and provide liquidity by investing in money market instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be realized
Fund Manager**
Mr. Basant Bafna# -
(w.e.f January 16, 2023)
Allotment Date
11th August 2021
Benchmark Index
NIFTY Money Market Index B-I
Minimum Investment
₹ 5,000/- and in multiples of ₹ 1/-thereafter. Minimum Additional Application Amount: ₹1,000/- per application and in multiples of ₹ 1/- thereafter.
Systematic Investment
Plan (SIP)
(Any Date SIP is available from 1st July, 2019)
Monthly and Quarterly: ₹ 1000/- (multiples of ₹ 1/- thereafter), minimum 5 in case of Monthly or 3 in case of Quarterly option.
Load Structure
Entry load: NA
Exit Load: NIL
Plans Available
Regular Plan and Direct Plan
Options Available
Growth Option and IDCW^ Option (Payout & Re-investment)
Monthly Average AUM (₹ Cr.) as on February 28, 2023
Net AUM (₹ Cr.)
Monthly Avg. Expense Ratio
(Including Statutory Levies)
as on February 28, 2023
Regular Plan: 0.65%
Direct Plan: 0.26%
**For experience of Fund Managers Click Here
^Pursuant to Notice cum addendum dated March 27, 2021 the nomenclature of dividend option has been changed w.e.f. April 01, 2021.
# As per notice cum addendum no. 03/2023 fund manager of the scheme has changed. Please visit the website for more details: https://www.miraeassetmf.co.in/downloads/statutory-disclosure/addendum
NAV: Direct Regular
Growth ₹ 1,071.5479 ₹ 1,065.2462
IDCW^ ₹ 1,070.4163 ₹ 1,065.2102
Portfolio Holdings % Allocation
Certificate of Deposit
Export Import Bank of India (22/06/2023) ** #
Kotak Mahindra Bank Ltd (26/06/2023) ** #
ICICI Bank Ltd (30/06/2023) ** #
Canara Bank (18/08/2023) ** #
Axis Bank Ltd (15/11/2023) ** #
Small Industries Dev Bank of India (31/01/2024) ** #
Certificate of Deposit Total
Treasury Bill
364 Days Tbill (04/01/2024)
364 Days Tbill (05/10/2023)
Treasury Bill Total
Cash & Other Receivables Total

** Thinly Traded / Non Traded Security # Unlisted Security

Growth of Rs. 10,000 invested at inception: 10,652

Returns (in%)
1 Yr SI
Scheme Benchmark*
Additional Benchmark**
NAV as on 28th February, 2023 ₹1,065.2462
Index Value (28th February, 2023) Index Value of benchmark is 4,362.84 and CRISIL 1 Year T-Bill is 6,566.86
Allotment Date 11th Aug, 2021
Scheme Benchmark *NIFTY Money Market Index B-I
Additional Benchmark **CRISIL 1 Year T-Bill

Fund manager : Mr. Basant Bafna managing the scheme since 16th January, 2023.
Note: Returns (%) for less than 1 year calculated on simple annualized basis, others are CAGR- Compounded Annualized Growth returns

Past Performance may or may not be sustained in future.
Note : For computation of since inception returns (%) the allotment NAV has been taken as ₹1000.The performance of other funds managed by the same fund manager is given in the respective page of the schemes
Different Plans under the scheme has different expense structure. The reference and details provided here in are of Regular Plan - Growth Option

This product is suitable for investors who are seeking*
. Short term savings
. Investments predominantly in money market instruments

*Investors should consult their financial advisers if they are not clear about the suitability of the product.

Note : With reference to SEBI Circular no. SEBI/HO/IMD/IMD-11 DOF-3/CIR/2021/573 dated June 07, 2021 disclosure of Potential Risk Class (PRC) Matrix is provided for debt Schemes of Mirae Asset Mutual Fund.

Average Maturity 181.14 Days
Modified Duration 0.50 Years
Macaulay Duration 0.50 Years
Annualized Portfolio YTM* 7.34%

*In case of semi annual YTM, it will be annualized.