Overview
Mirae Asset Liquid Fund Direct Growth
Mirae Asset Mutual Fund
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.
Investments in Mirae Asset Liquid Fund Direct Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.
Latest NAV
₹ 2751.752
Fund Size (AUM)
₹8684.21 Cr
Risk
Low to Moderate (Risk rating: 7/10)
Minimum Investment
Lumpsum: ₹ 5000
SIP: ₹99
Launch Date
01-Jan-2013
Expense Ratio
0.09%
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.
Benchmark
NIFTY Liquid Index A-I
Standard Deviation
0.3
History
Performance & Ratios
1-Year SIP Return
7.44%
3-Year SIP Return
7.26%
5-Year SIP Return
6.39%
Mean Return
6.72%
Alpha
1.79
Beta
0.64
Sharpe Ratio
1.55
Sortino Ratio
1.57
Information Ratio
11.34
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 7.4% | 6.9% | 5.54% | 7.14% |
| Category Average | 7.1% | 6.67% | 5.32% | N/A |
| Rank Within Category | 14 | 10 | 10 | N/A |
Holdings (63)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| Reserve Bank of India | Financial | T-Bills | 7.43% |
| Reserve Bank of India | Financial | T-Bills | 4.85% |
| Canara Bank | Financial | CD | 3.7% |
| HDFC Bank Ltd. | Financial | CD | 3.41% |
| National Bank For Agriculture & Rural Development | Financial | CP | 3.4% |
| Reserve Bank of India | Financial | T-Bills | 3.15% |
| Bank Of Baroda | Financial | CD | 2.84% |
| HDFC Bank Ltd. | Financial | CD | 2.28% |
| Bank Of Baroda | Financial | CD | 2.28% |
| Reserve Bank of India | Financial | T-Bills | 2.27% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| Aditya Birla Sun Life Liquid Fund Direct Growth | 41051.49 | 7.44 | 6.94 | 0.21 | N/A |
| Mahindra Manulife Liquid Fund Direct Growth | 1025.78 | 7.4 | 6.93 | 0.14 | N/A |
| Union Liquid Fund Direct Growth | 3206.36 | 7.41 | 6.92 | 0.07 | N/A |
| Edelweiss Liquid Direct Growth | 5243.37 | 7.43 | 6.92 | 0.09 | N/A |
| Bajaj Finserv Liquid Fund Direct Growth | 4200.75 | 7.4 | N/A | 0.11 | N/A |
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
Frequency: Monthly
Min Amount: ₹ 99
Multiplier: 1
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: 1, 10, 15, 21, 28
Min Amount: ₹ 1000
Min Installments: 5
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: 1, 10, 15, 21, 28
Min Amount: ₹ 1000
Min Installments: 5
AMC Details
Asset Management Company
Mirae Asset Mutual Fund
Mirae Asset Mutual Fund started their mutual fund on 30/11/2007 and its managing total assets of ₹11,044 Cr. Its ranked at 22 as per total assets at end of 30th Sep 2017. Mirae Asset Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.
Mirae Asset is a global financial company which is present across 12 countries and 5 continents. The company was founded in 1997 and since then pioneered to become a global presence.
Mirae believes that they are the best investment choice because of their strong investment philosophy, and niche to understand comparative advantage of various companies to make a sustainable and long- lasting decision for investors. They always believe in investing with a long term goal to sustainability in the market.
They believe in assessing risk in a way that it ultimately optimizes returns of investors. They constantly monitor the valuation, liquidity and corporate governance so that any risk can be mitigated. As a global brand it has obtained the trust of investors and has made a mark for itself in the mutual fund industry.
Launch Date
2007-11-30T00:00:00.018Z
Total AUM
₹ 183685.26 Cr
Address
Unit No.606 - 6th Floor,Windsor Building - Off. CST Road,Kalina, Santacruz (East), Mumbai 400098
Phone
022-67800301 / 1800-2090-777
Website
Sub Type
Gilt
Sub Type Info
Invest predominantly in Government Securities(minimum 80% of total assets). They are relatively more risky than the other debt funds due to fluctuating interest rates.
Tax Impact
Returns are taxed as per your Income Tax slab.
Stamp Duty
0.005% (from July 1st, 2020)
Fund Manager Details
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Mirae Asset Liquid Fund Direct Growth
Mirae Asset Mutual Fund
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Frequently Asked Questions
How is the overall rating calculated?
The overall rating for Mirae Asset Liquid Fund Direct Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.
What are the top stocks of Mirae Asset Liquid Fund Direct Growth?
The top stocks held by Mirae Asset Liquid Fund Direct Growth include Reserve Bank of India, Reserve Bank of India, Canara Bank.
Which industries does Mirae Asset Liquid Fund Direct Growth invest in?
Mirae Asset Liquid Fund Direct Growth primarily invests in the following industries: Financial, Services, Energy.
Who are the fund managers of Mirae Asset Liquid Fund Direct Growth?
The fund managers of Mirae Asset Liquid Fund Direct Growth are Amit Modani and Abhishek Iyer.
How many years has the fund manager been managing Mirae Asset Liquid Fund Direct Growth?
Amit Modani:
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Abhishek Iyer:
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What is the minimum investment for Mirae Asset Liquid Fund Direct Growth?
The minimum investment for Mirae Asset Liquid Fund Direct Growth is ₹5000 for lumpsum investments and ₹99 for SIPs.
What are the average 1-year returns for Mirae Asset Liquid Fund Direct Growth?
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What are the average 3-year returns for Mirae Asset Liquid Fund Direct Growth?
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What is the expense ratio of Mirae Asset Liquid Fund Direct Growth, and how does it compare to its category?
The expense ratio of Mirae Asset Liquid Fund Direct Growth is 0.09%. The average expense ratio for similar funds in the Debt is Calculating....