October 13, 2025
RA Jainee
Mirae Asset Liquid Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 2,831.4310
Weekly NAV IDCW: Rs 1,216.9241
Monthly NAV IDCW: Rs 1,138.0286
Suitable For Which Investors?
Liquid funds invest in bonds having maturity of up to three months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don’t need for a few weeks up to a year. You can expect to earn better returns than what you would get from a bank account.
The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.
Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.
Fund’s Investment Strategy:
The investment objective of the scheme is to seek to generate returns linked to short end rates like MIBOR and CBLO etc. and provide higher liquidity by investing in a portfolio of debt and money market instruments.
Fund Manager:
1) Mahendra Kumar Jajoo
Education: Mr. Jajoo is a B.Com (H), CS, Chartered Accountant and CFA.
Experience: Prior to joining Mirae Asset Mutual Fund he was Director with AUM Capital Markets Ltd. and also been associated with organisations like PGIM India Mutual Fund, Tata Asset Management Company, BNP Paribas Asset Management India Pvt. Ltd., ABN Amro Securities India Pvt. Ltd. and ICICI Group.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 99 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 5 |
| Min. Balance (Rs) | 1,000 |
| Lock-in Period | NA |
| Exit Load | Exit load of 0.0070% if redeemed within 1 day |
| 0.0065% if redeemed within 2 days | |
| 0.0060% if redeemed within 3 days | |
| 0.0055% if redeemed within 4 days | |
| 0.0050% if redeemed within 5 days | |
| 0.0045% if redeemed within 6 days. |
Basic Details of Mirae Asset Liquid Fund
| Fund House | Mirae Asset Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 6.72% |
| Benchmark | NIFTY Liquid Index A-I |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 11,368 Cr |
| (As on 30-Sep-2025) | |
| Expense | 0.09% |
| (As on 30-Sep-2025) | |
| Risk Grade | — |
| Return Grade | Average |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset Liquid Dir | 5.21 | 0.01 | 0.49 | 1.43 | 3.06 | 6.86 | 7.10 | 5.77 | 5.82 | 6.22 |
| CCIL T Bill Liquidity Weight | 3.85 | 0.08 | 0.42 | 0.97 | 2.26 | 4.75 | 4.66 | 3.61 | 3.73 | 3.88 |
| Debt: Liquid | 5.14 | 0.01 | 0.48 | 1.42 | 3.02 | 6.77 | 7.03 | 5.70 | 5.77 | 6.20 |
| Rank within category | 17 | 9 | 25 | 21 | 18 | 16 | 12 | 9 | 14 | 17 |
| Number of funds in category | 38 | 40 | 40 | 40 | 38 | 37 | 35 | 34 | 31 | 29 |
Peer Comparison of Mirae Asset Liquid Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Mirae Asset Liquid Dir | 3 star | 6.86 | 7.1 | 5.77 | 0.09 | 11,368 | 6.72 | 0.01 (1) | 12Y 9M |
| ABSL Liquid Dir | 5 star | 6.9 | 7.15 | 5.79 | 0.21 | 49,803 | 6.92 | 0.01 (1) | 12Y 9M |
| Axis Liquid Dir | 5 star | 6.91 | 7.12 | 5.77 | 0.14 | 28,170 | 6.88 | 0.01 (1) | 12Y 9M |
| Nippon India Liquid Dir | 4 star | 6.87 | 7.1 | 5.75 | 0.2 | 27,072 | 6.89 | 0.01 (1) | 12Y 9M |
| Tata Liquid Dir | 4 star | 6.89 | 7.09 | 5.74 | 0.2 | 21,302 | 6.89 | 0.01 (1) | 12Y 9M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 74 | 68 |
| Macaulay Duration (yrs) | 0.12 | 0.08 |
| Average Maturity (yrs) | 0.12 | 0.08 |
| Yield to Maturity (%) | 5.87 | 5.76 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Mirae Asset Liquid Fund
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Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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