Mirae Asset Cash Management Growth - Latest NAV, Returns, Performance & Portfolio

Mirae Asset Cash Management Growth

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    7.02%
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    (+0.29)2057.6582

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Min amount: ₹1,000

Calculate Returns

Rs. 2,000 invested monthly becomes Rs. 10.5 Lakhs in a period of 20 years

Fund Summarystar

PeriodReturns(per year)
10 Years7.19%
5 Years7.02%
3 Years6.79%
1 Year6.26%
6 Months2.7%
Fund Details
ISININF769K01788
RiskLow Risk
Fund TypeLiquid
NAV2057.6582
Exit Load0.007% for 1 Days

More about this fundstar

Top HoldingsWeightage
182 DTB 120320205.83%
63 DCMB 170320203.61%
76 DCMB 170320203.49%
91 DTB 190320202.33%
182 DTB 060220201.17%
91 DTB 120320201.17%
91 Days Tbill 050320200.58%
70 DCMB 170320200.35%
Power Grid Corporation Of India Limited0.12%

About Mirae Asset Cash Management Fund

The Mirae Asset Cash Management Fund is an open-ended liquid scheme. It seeks to generate consistent returns over the short-term with high levels of liquidity by investing in a portfolio mix of short-duration debt securities and money market instruments (maturity up to 91 days).

Pros & Cons of Mirae Asset Cash Management Fund

? By investing in short-duration debt securities and money market instruments, the scheme intends to offer returns at lower risk levels and maintain liquidity of the portfolio. It uses a bottom-up approach with a top-down overlay while selecting instruments. ? It has a low interest-rate sensitivity. As on September 30, 2018, the scheme is ranked 3 under CRISIL’s Liquid Fund category. ? Further, it has generated returns of 7.52% per year over the last 5 years (as on January 04, 2019).

Fund Information and Statistics of Mirae Asset Cash Management Fund

i) Inception / Launch Date

The scheme was launched on 12 January 2009 by Mirae Asset Mutual Fund.

ii) Risk Level

The scheme invests in short-duration debt securities and money market instruments and has a Low risk-level associated with it.

iii) Redemption

The redemption proceeds are dispatched within 10 business days of the receipt of a valid redemption request.

iv) Fund Manager(s)

Mr. Mahendra Kumar Jajoo is the Fund Manager of the Mirae Asset Cash Management Fund since September 2016.

v) Entry / Exit Load

There is no entry load or exit load in this scheme.

Tax benefits of investing in Mirae Asset Cash Management Fund

The following taxes are applicable to income arising from investing in this scheme: ? STCG from the debt component is added to the investor’s income and taxed as per the income-tax slab. ? LTCG component is taxed at 20% with indexation benefits.

About Mirae Asset Mutual Fund

Mirae Asset Mutual fund was launched in November 2007 under the sponsorship of Mirae Asset Global Investments Co. Ltd. The fund house is focused on achieving excellence and delivering investment products for different financial goals. The range of schemes includes equity, debt, thematic, hybrid, liquid, and tax saving mutual fund schemes.

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Start your investment

Min amount: ₹1,000

Calculate Returns

Rs. 2,000 invested monthly becomes Rs. 10.5 Lakhs in a period of 20 years
Low 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