MIRAE ASSET
LIQUID FUND* (formerly known as Mirae Asset Cash Management Fund)
(Liquid Fund - An open ended liquid scheme)
A relatively low interest rate risk and moderate credit risk
| Type of Scheme | Liquid Fund - An open ended Liquid scheme A relatively low interest rate risk and moderate credit risk |
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| Investment 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** |
Mr. Abhishek Iyer (since December 28, 2020) Allotment Date |
12th January, 2009 Benchmark Index |
NIFTY Liquid Index B-I Minimum Investment |
Amount ₹ 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 / Quarterly option. Load Structure |
Entry load: NA Exit load:  Plans Available |
Regular Plan and Direct Plan Options Available |
Growth Option and IDCW Option (Payout & Re-investment) Monthly Average AUM (₹ Cr.) as on December 31, 2023 |
11,231.99 Net AUM (₹ Cr.) |
8,297.18 Monthly Total Expense Ratio |
(Including Statutory Levies) as on December 31, 2023 Regular Plan: 0.23% Direct Plan: 0.12% **For experience of Fund Managers Click Here |
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| NAV: | Direct | Regular |
| Growth | ₹ 2,503.5441 | ₹ 2,464.8948 |
| Daily IDCW | ₹ 1,075.8332 | ₹ 1,066.4347 |
| Weekly IDCW | ₹ 1,217.4757 | ₹ 1,153.7451 |
| Monthly IDCW | ₹ 1,136.0294 | ₹ 1,153.7354 |
| Average Maturity | 63.11 Days |
| Modified Duration | 0.17 Yrs |
| Macaulay Duration | 0.17 Yrs |
| Annualized Portfolio YTM* | 7.48% |
*In case of semi annual YTM, it will be annualized.
| Portfolio Holdings | % Allocation |
| Commercial Paper | |
| NABARD (08/02/2024) ** | 2.69% |
| Grasim Industries Ltd (29/01/2024) ** | 2.39% |
| Reliance Retail Ventures Ltd (16/02/2024) ** | 2.39% |
| Sikka Ports and Terminals Ltd (23/02/2024) ** | 2.38% |
| Reliance Retail Ventures Ltd (04/03/2024) ** | 2.38% |
| Small Industries Dev Bank of India (25/01/2024) | 1.56% |
| Bajaj Finance Ltd (17/01/2024) ** | 1.20% |
| Godrej Consumer Products Ltd (22/01/2024) ** | 1.20% |
| HDFC Securities Ltd (25/01/2024) ** | 1.20% |
| ICICI Securities Ltd (05/02/2024) ** | 1.20% |
| Bajaj Housing Finance Ltd (14/03/2024) ** | 1.19% |
| TV18 Broadcast Ltd (01/03/2024) ** | 1.19% |
| NABARD (22/02/2024) ** | 1.19% |
| NABARD (14/03/2024) ** | 1.19% |
| Network18 Media & Investments Ltd (27/02/2024) ** | 1.19% |
| Reliance Industries Ltd (28/02/2024) ** | 1.19% |
| Sikka Ports and Terminals Ltd (09/02/2024) ** | 1.19% |
| Reliance Retail Ventures Ltd (23/02/2024) ** | 1.19% |
| Sundaram Finance Ltd (23/02/2024) ** | 1.19% |
| Tata Steel Ltd (19/02/2024) ** | 1.19% |
| ICICI Securities Ltd (15/03/2024) ** | 1.18% |
| Network18 Media & Investments Ltd (21/03/2024) ** | 1.18% |
| Godrej Industries Ltd (19/01/2024) ** | 0.90% |
| Godrej Industries Ltd (25/01/2024) ** | 0.90% |
| Godrej Industries Ltd (01/02/2024) ** | 0.90% |
| Motilal Oswal Financial Services Ltd (05/02/2024) ** | 0.90% |
| Bajaj Finance Ltd (16/02/2024) ** | 0.89% |
| ICICI Securities Ltd (18/03/2024) ** | 0.89% |
| Redington Ltd (13/03/2024) ** | 0.89% |
| Shriram Finance Ltd (23/02/2024) ** | 0.89% |
| Aditya Birla Housing Finance Ltd (22/01/2024) ** | 0.60% |
| Godrej Agrovet Ltd (26/02/2024) ** | 0.60% |
| HDFC Securities Ltd (22/02/2024) ** | 0.60% |
| ICICI Securities Ltd (22/02/2024) ** | 0.60% |
| 360 One Prime Ltd (31/01/2024) ** | 0.60% |
| Julius Baer Capital India Pvt Ltd (21/02/2024) ** | 0.60% |
| Network18 Media & Investments Ltd (19/01/2024) ** | 0.60% |
| Tata Capital Financial Services Ltd (19/01/2024) ** | 0.60% |
| Tata Capital Financial Services Ltd (29/01/2024) ** | 0.60% |
| Tata Motors Finance Ltd (16/02/2024) ** | 0.60% |
| Aditya Birla Money Ltd (18/03/2024) ** | 0.59% |
| Godrej Agrovet Ltd (15/03/2024) ** | 0.59% |
| HDFC Securities Ltd (06/03/2024) ** | 0.59% |
| Hero Fincorp Ltd (20/03/2024) ** | 0.59% |
| Tata Motors Finance Ltd (13/03/2024) ** | 0.59% |
| Birla Group Holdings Private Ltd (09/02/2024) ** | 0.48% |
| Motilal Oswal Financial Services Ltd (06/03/2024) ** | 0.42% |
| Commercial Paper Total | 49.86% |
| Certificate of Deposit | |
| Union Bank of India (20/03/2024) ** # | 3.56% |
| Punjab National Bank (20/02/2024) ** # | 2.38% |
| Axis Bank Ltd (14/02/2024) ** # | 2.09% |
| Bank of Baroda (12/03/2024) ** # | 1.78% |
| Canara Bank (22/03/2024) ** # | 1.78% |
| Bank of Baroda (29/01/2024) ** # | 1.20% |
| Bank of Baroda (15/02/2024) ** # | 1.19% |
| Bank of Baroda (20/03/2024) ** # | 1.19% |
| Bank of Maharashtra (05/03/2024) ** # | 1.19% |
| Bank of Maharashtra (07/03/2024) ** # | 1.19% |
| Canara Bank (27/02/2024) # | 1.19% |
| Canara Bank (22/02/2024) ** # | 1.19% |
| Canara Bank (06/03/2024) ** # | 1.19% |
| HDFC Bank Ltd (11/03/2024) # | 1.19% |
| HDFC Bank Ltd (20/02/2024) ** # | 1.19% |
| IDFC First Bank Ltd (26/02/2024) ** # | 1.19% |
| Indian Bank (22/02/2024) ** # | 1.19% |
| Punjab National Bank (05/03/2024) ** # | 1.19% |
| Union Bank of India (09/02/2024) ** # | 1.19% |
| Union Bank of India (21/02/2024) ** # | 1.19% |
| Union Bank of India (06/03/2024) ** # | 1.19% |
| Axis Bank Ltd (14/03/2024) # | 1.19% |
| Axis Bank Ltd (27/02/2024) ** # | 1.19% |
| Axis Bank Ltd (28/03/2024) # | 1.18% |
| Bank of Baroda (18/01/2024) ** # | 0.90% |
| Axis Bank Ltd (19/01/2024) ** # | 0.90% |
| Canara Bank (21/02/2024) # | 0.87% |
| HDFC Bank Ltd (05/02/2024) # | 0.66% |
| Bank of Baroda (25/01/2024) ** # | 0.60% |
| HDFC Bank Ltd (12/01/2024) # | 0.60% |
| Indian Bank (05/02/2024) ** # | 0.60% |
| Indian Bank (14/02/2024) ** # | 0.60% |
| Small Industries Dev Bank of India (14/02/2024) ** # | 0.60% |
| Small Industries Dev Bank of India (31/01/2024) # | 0.60% |
| NABARD (13/03/2024) # | 0.59% |
| Small Industries Dev Bank of India (27/03/2024) # | 0.59% |
| Axis Bank Ltd (11/03/2024) ** # | 0.59% |
| Axis Bank Ltd (27/03/2024) ** # | 0.59% |
| Canara Bank (01/02/2024) ** # | 0.30% |
| Axis Bank Ltd (08/02/2024) ** # | 0.30% |
| Punjab National Bank (16/02/2024) ** # | 0.18% |
| Certificate of Deposit Total | 44.27% |
| Treasury Bill | |
| 91 Days Tbill (29/02/2024) | 4.17% |
| 91 Days Tbill (21/03/2024) | 2.67% |
| 91 Days Tbill (25/01/2024) | 2.64% |
| 91 Days Tbill (15/02/2024) | 2.39% |
| 91 Days Tbill (22/02/2024) | 2.39% |
| 182 Days Tbill (07/03/2024) | 2.38% |
| 91 Days Tbill (08/02/2024) | 1.79% |
| 91 Days Tbill (01/02/2024) | 1.20% |
| 364 Days Tbill (07/03/2024) | 1.19% |
| 91 Days Tbill (14/03/2024) | 1.19% |
| 91 Days Tbill (28/03/2024) | 1.18% |
| Treasury Bill Total | 23.19% |
| Corporate Bond | |
| 5.14% NABARD (31/01/2024) ** | 0.30% |
| Corporate Bond Total | 0.30% |
| Corporate Debt Market Development Fund^ | |
| Class A2 units of Corporate Debt Market Development Fund # | 0.17% |
| Corporate Debt Market Development Fund Total | 0.17% |
| Cash & Other Receivables Total | -17.79% |
| Total | 100.00% |
** Thinly Traded / Non Traded Security # Unlisted Security
^Please refer to notice-cum-addendum no. 58/2023 https://www.miraeassetmf.co.in/downloads/statutory-disclosure/addendum
| Returns (in%) | |||||||
| 7 D | 15 D | 30 D | 1 Y | 3 Yrs | 5 Yrs | SI | |
| Mirae Asset Liquid Fund | 8.20% | 7.68% | 7.17% | 7.01% | 5.04% | 5.17% | 6.21% |
| Scheme Benchmark* | 7.87% | 7.63% | 7.34% | 7.29% | 5.25% | 5.32% | 6.99% |
| Additional Benchmark** | 7.01% | 6.49% | 7.33% | 6.96% | 4.85% | 5.59% | 6.03% |
| NAV as on 31st December, 2023 | ₹ 2,464.8948 | ||||||
| Index Value (31st December, 2023) | Index Value of benchmark is 4,480.15 and CRISIL 1 Year T-Bill is 6,973.49 |
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| Allotment Date | 12th January, 2009 | ||||||
| Scheme Benchmark | *NIFTY Liquid Index B-I | ||||||
| Additional Benchmark | **CRISIL 1 Year T-Bill | ||||||
Fund manager : Mr. Abhishek Iyer managing the scheme since December 28, 2020.
Note: Returns (%) for less than 1 year calculated on simple annualized basis, others are CAGR- Compounded Annualized Growth returns
Latest available NAV has been taken for return calculation wherever applicable
Past Performance may or may not be sustained in future.
Note : For computation of since inception returns (%) the allotment NAV has been taken as ₹ 1000.00.Returns (%) for less than 1 year are calculated on simple annualized basis. 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*
. Optimal returns over short term
. Investment in a portfolio of short duration money market and debt instruments with residual maturity upto 91 days only.
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
^^As per notice cum addendum no. 03/2024 riskometer of the scheme has changed. Please visit the website for more details https://www.miraeassetmf.co.in/downloads/statutory-disclosure/addendum
| Quantum (₹ per unit) | |||
| Record Date | Individual | Corporate | NAV (₹ per unit) |
25-Sep-23 |
6.7881 |
6.7881 |
1,159.0909 |
25-Oct-23 |
6.4575 |
6.4575 |
1,158.7603 |
24-Nov-23 |
6.4805 |
6.4805 |
1,158.7833 |
26-Dec-23 |
6.985 |
6.985 |
1,159.2878 |
Face value 1000/-. Past Performance may or may not be sustained in future. Pursuant to payment of IDCW the NAV of the IDCW option of the scheme will fall to the extent of payout and statutory levy (if any). IDCW history is for Mirae Asset Liquid Fund- Regular Plan - Monthly IDCW Option
*Pursuant to notice cum addendum no. 62/2023, the name of the schemes has been changed with effect from December 15, 2023.