September 14, 2022
mayank
Mirae Asset Liquid Fund
NAV Growth : Rs 2,294.2628
NAV IDCW Weekly : Rs 2,294.2628
NAV IDCW Monthly : Rs 1,138.0028
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) Abhishek Iyer
Education : Mr. Iyer is a B. Com, Master in Finance management, Master of Arts (MA) Economics
Experience : Prior to joining Mirae Asset Mutual Fund, he has worked with IDBI Mutual Fund, IIFL Mutual Fund, L&T Mutual Fund and Sahara Mutual Fund.
Investment Details
| Min. Investment (Rs) : | 5,000 |
| Min. Addl Investment (Rs) : | 1,000 |
| Min. SIP Investment (Rs) : | 1,000 |
| Min. Withdrawal (Rs) : | 1,000 |
| Min. No of Cheques : | 5 |
| Min. Balance (Rs) : | 1,000 |
| 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
| Fund House : | Mirae Asset Mutual Fund |
| Launch Date : | 01-Jan-13 |
| Return Since Launch : | 6.62% |
| Benchmark : | NIFTY Liquid Index B-I |
| Riskometer : | Low to Moderate |
| Type : | Open-ended |
| Assets : | Rs 5,128 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio : | 0.17% |
| (As on 31-Jul-2022) | |
| Risk Grade : | — |
| Return Grade : | Above Average |
Mirae Asset Cash Management Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset Cash Management Dir | 3.01 | 0.01 | 0.48 | 1.29 | 2.3 | 4.06 | 4.12 | 5.35 | 5.87 | — |
| CCIL T Bill Liquidity Weight | 1.47 | 0.01 | 0.19 | 0.75 | 1.09 | 2.06 | 2.56 | 3.25 | 3.6 | — |
| Debt: Liquid | 2.98 | 0.01 | 0.47 | 1.28 | 2.26 | 4.02 | 4.04 | 5.29 | 5.87 | — |
| Rank within category | 10 | 21 | 12 | 17 | 6 | 13 | 14 | 14 | 22 | — |
| Number of funds in category | 37 | 37 | 37 | 37 | 37 | 37 | 36 | 32 | 31 | 1 |
Mirae Asset Cash Management Fund Peer Comparison
| Fund name | 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 Cash Management Dir | 4 star | 4.06 | 4.12 | 5.35 | 0.17 | 5,128 | 6.62 | 0.01 (1) | 9yrs 8mo |
| ABSL Liquid Dir | 4 star | 4.07 | 4.15 | 5.4 | 0.21 | 42,493 | 6.86 | 0.01 (1) | 9yrs 8mo |
| Baroda BNP Paribas Liquid Dir | 5 star | 4.11 | 4.14 | 5.39 | 0.19 | 6,432 | 6.85 | 0.01 (1) | 9yrs 8mo |
| LIC MF Liquid Dir | 4 star | 4.01 | 4.15 | 5.37 | 0.17 | 5,673 | 6.79 | 0.01 (1) | 9yrs 8mo |
| Sundaram Liquid Dir | 4 star | 4.07 | 4.1 | 5.15 | 0.17 | 2,910 | 6.69 | 0.01 (1) | 9yrs 8mo |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 80 | 52 |
| Modified Duration (yrs) | 0.12 | 0.10 |
| Average Maturity (yrs) | 0.12 | 0.10 |
| Yield to Maturity (%) | 5.72 | 5.70 |
| Avg Credit Rating | AAA | — |
Mirae Asset Liquid Fund by Chanakya :
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