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 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: NIL 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 |
86.31 Net AUM (₹ Cr.) |
86.25 Monthly Total Expense Ratio |
(Including Statutory Levies) as on December 31, 2023 Regular Plan: 0.59% Direct Plan: 0.23% **For experience of Fund Managers Click Here |
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| NAV: | Direct | Regular |
| Growth | ₹ 1,137.6612 | ₹ 1,127.4957 |
| IDCW | ₹ 1,135.9392 | ₹ 1,127.4676 |
| Portfolio Holdings | % Allocation |
| Certificate of Deposit | |
| Export Import Bank of India (14/03/2024) # | 9.14% |
| State Bank of India (15/03/2024) # | 8.00% |
| ICICI Bank Ltd (13/06/2024) # | 7.85% |
| Indian Bank (05/03/2024) # | 6.87% |
| Axis Bank Ltd (14/03/2024) # | 5.71% |
| Bank of Baroda (27/05/2024) ** # | 5.63% |
| Small Industries Dev Bank of India (21/06/2024) ** # | 5.60% |
| Kotak Mahindra Bank Ltd (26/06/2024) ** # | 5.59% |
| HDFC Bank Ltd (13/09/2024) ** # | 4.40% |
| Canara Bank (21/02/2024) # | 2.30% |
| Certificate of Deposit Total | 61.09% |
| Commercial Paper | |
| IIFL Samasta Finance Ltd (24/04/2024) ** | 5.63% |
| Motilal Oswal Financial Services Ltd (23/08/2024) ** | 5.47% |
| Birla Group Holdings Private Ltd (13/03/2024) ** | 4.56% |
| IGH Holdings Private Ltd (19/03/2024) ** | 4.55% |
| Commercial Paper Total | 20.21% |
| State Government Bond | |
| 8.86% Kerala SDL (16/10/2024) | 5.28% |
| 8.16% Maharashtra SDL (10/12/2024) | 3.33% |
| 8.44% Maharashtra SDL (26/11/2024) | 2.34% |
| State Government Bond Total | 10.95% |
| Treasury Bill | |
| 182 Days Tbill (08/02/2024) | 5.76% |
| Treasury Bill Total | 5.76% |
| 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 | 1.82% |
| 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%) | ||||
| 1 Yr | SI | |||
| Mirae Asset Money Market Fund | 6.75% |
5.15% |
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| Scheme Benchmark* | 7.45% |
5.68% |
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| Additional Benchmark** | 6.96% |
5.09% |
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| NAV as on 29th December, 2023 | ₹ 1,127.4957 | |||
| Index Value (29th December, 2023) | Index Value of benchmark is 4,639.10 and CRISIL 1 Year T-Bill is 6,973.49 |
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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. 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 | 138.36 Days |
| Modified Duration | 0.37 Years |
| Macaulay Duration | 0.38 Years |
| Annualized Portfolio YTM* | 7.70% |
*In case of semi annual YTM, it will be annualized.