Mirae Asset Cash Management Fund Direct Plan Growth - Regular - Latest NAV [ ₹2206.8321 ], Returns, Performance, Portfolio & Returns 2021

Mirae Asset Cash Management Fund Direct Plan Growth

  • highlight
    5.86%
  • highlight
    (+0.16)2206.8321

Min amount: ₹1,000

Calculate Returns

20 yrs
₹1,000 invested monthly becomes
0 in a period of 20 years

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years5.86%
3 Years5.14%
1 Year3.39%
6 Months1.7%
Fund Details
ISININF769K01CM1
RiskLow to Moderate Risk
Fund TypeLiquid
NAV2206.8321
Exit Load0.007% for 1 Days

More about this fundstar

Top HoldingsWeightage
Reverse Repo20.87%
Triparty Repo7.29%
91 DTB 021220215.47%
91 DTB 300920214.4%
182 DTB 121120212.74%
364 DTB 041120212.63%
Indian Oil Corporation Limited2.41%
364 DTB 160920212.2%
182 DTB 141020212.2%
91 DTB 141020212.2%

About Mirae Asset Cash Management Fund

Mirae Asset Cash Management Fund is an open-ended liquid scheme that maintains a high portfolio liquidity. The average maturity of the fund is up to 60 days with a portfolio of debt and money market instruments. Investors with savings in mind can choose to invest in Mirae Asset Cash Management Fund as it looks at stable returns with minimal mark to market and credit risk.

Pros and Cons of Mirae Asset Cash Management Fund

The fund is more than 3 years old and the returns over one year and three years have been higher than the category average returns. The fund comes with no exit load and low risk. However, the returns may not be very high as the portfolio is of a short-term debt and money market instruments with a residual maturity of up to 91 days only.

Fund Information and Statistics

i) Inception/Launch Date Mirae Asset Cash Management Fund was incepted on 12 January 2009.

ii) Risk Level The scheme includes a low risk profile since the fund predominantly invests in debt and money market instruments.

iii) Redemption The fund is much easier to manage as there is no lock-in period for redemption, no exit load is applicable when you redeem the units. However, an ideal investment horizon of up to 6 months is recommended.

iv) Fund Manager Mr Mahendra Jajoo is the current Fund Manager for Mirae Asset Cash Management Fund.

v) Entry/Exit Load As of August 2009, no entry load is applicable to any mutual fund purchase. Similarly, no exit load is applicable to Mirae Asset Cash Management Fund.

About Mirae Asset Mutual Fund

Mirae Asset Mutual Fund was incorporated as an asset management company on 20 November 2006 and registered itself with SEBI on 30 November 2007. The sponsor for Mirae Asset Mutual Fund is Mirae Asset Investment Managers (Private) Limited. Whereas, the trustee company for the fund house is Mirae Asset Trustee Company Private Limited. The fund house has about 26 lakh folios and assets worth Rs.41,252 crore under management as of 31 May 2020.

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Frequently Asked Questions

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Min amount: ₹1,000

Calculate Returns

20 yrs
₹1,000 invested monthly becomes
0 in a period of 20 years
Low to Moderate Risk

All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,

  • High Risk = High possible returns
  • Low Risk = Stable, relatively lower returns