MIRAE ASSET
MONEY MARKET FUND - (MAMMF)
(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. Basant Bafna# - (w.e.f January 16, 2023) Allotment Date |
11th August 2021 Benchmark Index |
NIFTY Money Market 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 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 January 31, 2023 |
59.66 Net AUM (₹ Cr.) |
60.43 Monthly Avg. Expense Ratio |
(Including Statutory Levies) as on January 31, 2023 Regular Plan: 0.65% Direct Plan: 0.25% **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 | ₹ 1,067.4724 | ₹ 1,061.5141 |
| IDCW^ | ₹ 1,066.4072 | ₹ 1,061.4798 |
| Average Maturity | 204.78 Days |
| Modified Duration | 0.56 Years |
| Macaulay Duration | 0.56 Years |
| Annualized Portfolio YTM* | 7.15% |
*In case of semi annual YTM, it will be annualized.
| Portfolio Holdings | % Allocation |
| Certificate of Deposit | |
| Kotak Mahindra Bank Ltd (26/06/2023) ** # | 8.04% |
| ICICI Bank Ltd (30/06/2023) ** # | 8.03% |
| Canara Bank (18/08/2023) ** # | 7.94% |
| Axis Bank Ltd (15/11/2023) ** # | 7.80% |
| National Bank For Agriculture and Rural Development (23/01/2024) ** # | 7.69% |
| Certificate of Deposit Total | 39.51% |
| Treasury Bill | |
| 364 Days Tbill (04/01/2024) | 23.34% |
| 364 Days Tbill (05/10/2023) | 7.91% |
| Treasury Bill Total | 31.25% |
| Commercial Paper | |
| Housing Development Finance Corporation Ltd (29/08/2023) ** | 7.92% |
| Commercial Paper Total | 7.92% |
| Cash & Other Receivables Total | 21.32% |
| Total | 100.00% |
** Thinly Traded / Non Traded Security # Unlisted Security
| Returns (in%) | ||||
| 1 Yr | SI | |||
| MAMMF | 4.62% |
4.13% |
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| Scheme Benchmark* | 5.09% |
4.56% |
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| Additional Benchmark** | 4.56% |
3.96% |
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| NAV as on 31st January, 2023 | ₹1,061.5141 | |||
| Index Value (31st January, 2023) | Index Value of benchmark is 4,341.43 and CRISIL 1 Year T-Bill is 6,558.51 |
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| 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
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.
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