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Mirae Asset Money Market Fund Direct Growth
★★★★★ monitor_heart Health Score: 67/100 · GoodMirae Asset Mutual Fund · Debt · Money Market Fund
₹1,366.92
AUM: ₹4,397 Cr
NAV updated about 2 months ago
Plan
Direct
Option
Growth
Risk
Low to Moderate
Expense Ratio
0.09%
Exit Load
Nil
Fund Manager
Mahendra Kumar Jajoo
Inception
Aug 2021
Benchmark
NIFTY Money Market Index A-I
Sharpe Ratio
-0.45
Std Dev (1Y)
0.47%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
+0.47%
3m
+1.55%
6m
+2.86%
1y
+5.93%
3y
+7.34%
5y
—
10y
—
since inception
+6.47%
rate_review TopFund's Take on Mirae Asset Money Market Fund Direct Growth
Mirae Asset Money Market Fund Direct Growth holds up reasonably well within the Money Market Fund category, currently carrying a 3-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 67/100.
Cost: At 0.09%, the expense ratio is meaningfully cheaper — about 63% below the Money Market Fund category average of 0.24% (based on 64 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 -0.45 — 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 0.47% 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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Frequently Asked Questions about Mirae Asset Money Market Fund Direct Growth
The current NAV (Net Asset Value) of Mirae Asset Money Market Fund Direct Growth is ₹1366.92. NAV is updated every business day after market close by AMFI.
1Y: 5.93% · 3Y CAGR: 7.34%
The expense ratio is 0.09% per annum — the annual fee deducted from your investment to cover fund management costs.
Mirae Asset Money Market Fund Direct Growth is managed by Mahendra Kumar Jajoo at Mirae Asset Mutual Fund.
Mirae Asset Money Market Fund Direct Growth is a Low to Moderate risk fund. Suitable for investors with a moderate risk appetite.
Mirae Asset Money Market Fund Direct Growth is a Money Market Fund fund. SIP suitability depends on your investment goal and risk profile.
The Assets Under Management (AUM) of Mirae Asset Money Market Fund Direct Growth is ₹4,398 crore as of the latest data.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.