October 15, 2025
RA Jainee
Mirae Asset Money Market Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 1,303.1328
NAV IDCW: Rs 1,300.9780
Suitable For Which Investors?
Money Market debt funds invest in bonds with a maturity of up to one year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.
Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here’s why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there’s a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don’t need for up to a year in a Liquid fund.
If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.
Fund’s Investment Strategy:
The scheme seeks to generate reasonable returns with low risk and provide liquidity by investing in 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) | — |
| Min. No of Cheques | 5 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Mirae Asset Money Market Fund
| Fund House | Mirae Asset Mutual Fund |
| Launch Date | 11-Aug-21 |
| Return Since Launch | 6.56% |
| Benchmark | NIFTY Money Market Index A-I |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 2,797 Cr |
| (As on 30-Sep-2025) | |
| Expense | 0.08% |
| (As on 30-Sep-2025) | |
| Risk Grade | — |
| Return Grade | Above Average |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset Money Market Dir | 6.17 | 0.02 | 0.55 | 1.48 | 3.59 | 7.90 | 7.57 | — | — | — |
| CCIL T Bill Liquidity Weight | 3.85 | 0.08 | 0.42 | 0.97 | 2.26 | 4.75 | 4.66 | — | — | — |
| Debt: Money Market | 6.08 | 0.01 | 0.56 | 1.48 | 3.55 | 7.74 | 7.55 | — | — | — |
| Rank within category | 6 | 13 | 20 | 15 | 6 | 2 | 12 | — | — | — |
| Number of funds in category | 23 | 25 | 25 | 25 | 24 | 23 | 22 | 17 | 14 | 12 |
Peer Comparison of Mirae Asset Money Market 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 Money Market Dir | 4 star | 7.90 | 7.57 | — | 0.08 | 2,797 | 6.56 | — | 4Y 2M |
| Tata Money Market Dir | 5 star | 7.96 | 7.83 | 6.40 | 0.15 | 38,808 | 6.78 | — | 12Y 9M |
| ABSL Money Manager Dir | 4 star | 7.82 | 7.73 | 6.28 | 0.22 | 26,757 | 7.45 | — | 12Y 9M |
| Nippon India Money Market Dir | 4 star | 7.87 | 7.71 | 6.29 | 0.22 | 23,246 | 7.36 | — | 12Y 9M |
| Axis Money Market Dir | 5 star | 7.89 | 7.73 | 6.27 | 0.17 | 18,086 | 6.46 | — | 6Y 2M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 41 | 88 |
| Macaulay Duration (yrs) | 0.47 | 0.48 |
| Average Maturity (yrs) | 0.47 | 0.48 |
| Yield to Maturity (%) | 6.09 | 6.17 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Mirae Asset Money Market Fund
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Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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