Mirae Asset Cash Management Fund - Direct Plan - Growth
Min amount: ₹1,000
- Fund Summary
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|Risk||Low to Moderate Risk|
|Exit Load||0.007% for 1 Days|
More about this fund
|91 DTB 01042021||5.78%|
|364 DTB 27052021||4.31%|
|91 DTB 06052021||2.88%|
|364 DTB 03062021||2.87%|
|364 DTB 20052021||1.58%|
|7.94% Govt Stock 2021||1.45%|
|182 DTB 06052021||1.44%|
|91 DTB 20052021||1.44%|
|91 DTB 03062021||1.44%|
|Tata Capital Financial Services Limited||0.73%|
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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Min amount: ₹1,000
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