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Mirae Asset Liquid Fund - Direct Plan -Daily IDCW
★★★★★ monitor_heart Health Score: 75/100 · GoodMirae Asset Mutual Fund · Debt · Liquid
₹1,075.83
AUM: ₹10,973 Cr
NAV updated 6 days ago
Plan
Direct
Option
Idcw
Risk
Low
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.
Fund Manager
Mahendra Jajoo
Inception
Jan 2013
Benchmark
NIFTY Liquid Index A-I
Sharpe Ratio
-325.0
Std Dev (1Y)
0.02%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
+0.53%
3m
+1.54%
6m
+3.29%
1y
+6.29%
3y
+6.97%
5y
+6.24%
10y
+6.12%
since inception
+0.21%
rate_review TopFund's Take on Mirae Asset Liquid Fund - Direct Plan -Daily IDCW
Mirae Asset Liquid Fund - Direct Plan -Daily IDCW holds up reasonably well within the Liquid category, backed by a 4-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 75/100.
Cost: At 0.09%, the expense ratio is meaningfully cheaper — about 40% below the Liquid category average of 0.15% (based on 347 comparable funds). Lower costs compound in your favour over long holding periods.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -325.0 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 0.02% is on the lower side, suggesting a comparatively smoother ride.
Who should invest: This fund is best suited to conservative investors prioritising capital stability and predictable income over high growth.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
donut_small Sector Allocation
pie_chart Asset Allocation
info Fund Snapshot
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tips_and_updates Tools & Guides for This Fund
Frequently Asked Questions about Mirae Asset Liquid Fund - Direct Plan -Daily IDCW
The current NAV (Net Asset Value) of Mirae Asset Liquid Fund - Direct Plan -Daily IDCW is ₹1075.83. NAV is updated every business day after market close by AMFI.
1Y: 6.29% · 3Y CAGR: 6.97% · 5Y CAGR: 6.24%
The expense ratio is 0.09% per annum — the annual fee deducted from your investment to cover fund management costs.
Mirae Asset Liquid Fund - Direct Plan -Daily IDCW is managed by Mahendra Jajoo at Mirae Asset Mutual Fund.
Mirae Asset Liquid Fund - Direct Plan -Daily IDCW is a Low risk fund. Suitable for investors with a moderate risk appetite.
Mirae Asset Liquid Fund - Direct Plan -Daily IDCW is a Liquid fund. SIP suitability depends on your investment goal and risk profile.
The Assets Under Management (AUM) of Mirae Asset Liquid Fund - Direct Plan -Daily IDCW is ₹10,973 crore as of the latest data.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.