MIRAE ASSET
MONEY MARKET FUND
(Money Market Fund - An Open ended debt scheme investing in money market instruments)
A relatively low interest rate risk and moderate credit risk
| 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 |
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| 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 |
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Fund Manager** |
Mr. Amit Modani - (since September 15, 2023) Allotment Date |
11th August 2021 Benchmark Index |
Nifty Money Market Index A-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: NIL Plans Available |
Regular Plan and Direct Plan Options Available |
Growth Option and IDCW Option (Payout & Re-investment) Monthly Average AUM (₹ Cr.) as on June 30, 2024 |
142.8490 Net AUM (₹ Cr.) |
142.19 Monthly Total Expense Ratio |
(Including Statutory Levies) as on June 30, 2024 Regular Plan: 0.57% Direct Plan: 0.23% **For experience of Fund Managers Click Here |
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| NAV: | Direct | Regular |
| Growth | ₹ 1,181.4868 | ₹ 1,168.9016 |
| IDCW | ₹ 1,179.5635 | ₹ 1,168.8742 |
| Portfolio Holdings | % Allocation |
| Certificate Of Deposit | |
| Axis Bank Limited | 8.72% |
| Kotak Mahindra Bank Limited | 8.02% |
| ICICI Bank Limited | 6.81% |
| Punjab National Bank | 6.73% |
| Union Bank of India | 6.70% |
| HDFC Bank Limited | 6.70% |
| Bank of Baroda | 6.06% |
| Indian Bank | 6.01% |
| Canara Bank | 4.67% |
| National Bank For Agriculture and Rural Development | 3.34% |
| Certificate Of Deposit Total | 63.76% |
| Commercial Paper | |
| Infina Finance Private Limited | 6.10% |
| LIC Housing Finance Limited | 4.68% |
| IndoStar Capital Finance Limited | 3.37% |
| Cholamandalam Investment and Finance Company Ltd | 3.37% |
| Birla Group Holdings Private Limited | 3.34% |
| Shriram Housing Finance Limited | 3.33% |
| ICICI Securities Limited | 3.33% |
| Commercial Paper Total | 27.52% |
| State Government Bond | |
| 8.06% Maharastra SDL (MD 11/02/2025) | 3.54% |
| 8.09% Haryana SDL (MD 11/03/2025) | 0.71% |
| State Government Bond Total | 4.24% |
| Treasury Bill | |
| 364 Days Tbill (MD 13/02/2025) | 6.74% |
| 182 Days Tbill (MD 12/09/2024) | 3.47% |
| Treasury Bill Total | 10.21% |
| Corporate Debt Market Development Fund^ | |
| Class A2 units of Corporate Debt Market Development Fund # | 0.16% |
| Corporate Debt Market Development Fund Total | 0.16% |
| Cash & Other Receivables Total | -5.91% |
| Grand Total | 100.00% |
^Please refer to notice-cum-addendum no. 58/2023 https://www.miraeassetmf.co.in/downloads/statutory-disclosure/addendum
#Unlisted Security
| Returns (in%) | |||||
| 1 Year | Since inception | Value of 10000 invested Since Inception (in Rs.) | |||
| Mirae Asset Money Market Fund | 7.15% |
5.55% |
11,689 |
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| Scheme Benchmark* | 7.47% |
5.92% |
11,805 |
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| Additional Benchmark** | 7.15% |
5.50% |
11,671 |
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| NAV as on 30th June, 2024 | ₹ 1,168.9016 | ||||
| Index Value (30th June, 2024) | Index Value of benchmark is 4,774.72 and CRISIL 1 Year T-Bill is 7,228.08 | ||||
| Allotment Date | 11th Aug, 2021 | ||||
| Scheme Benchmark | *Nifty Money Market Index A-I | ||||
| Additional Benchmark | **CRISIL 1 Year T-Bill | ||||
Fund manager : Mr. Amit Modani managing the scheme since 15th September, 2023.
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.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.
| Average Maturity | 233.94 Days |
| Modified Duration | 0.64 Yrs |
| Macaulay Duration | 0.64 Yrs |
| Annualized Portfolio YTM* | 7.71% |
*In case of semi annual YTM, it will be annualized.