Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Mirae Asset Money Market Fund Regular IDCW
★★★★★ 3rd-party
External rating
- Source: Third-party data provider (Groww/CRISIL)
- Original rating: 3/5, displayed as-is — TopFund does not modify third-party ratings
- Refresh frequency: Whenever TopFund re-syncs this fund's data
- Limitations: The provider's own rating methodology isn't disclosed here — see the provider's own site for their criteria
TopFund Score: 67/100 · Good
How this score is calculated
- Star rating (35%)3/5
- 3Y CAGR (30%)7.43%
- Expense ratio (20%)0.11%
- AUM (15%)₹3,587 Cr
Not investment advice — an analytical read of public fund data. Methodology →
Mirae Asset Mutual Fund · Debt · Money Market
₹1,381.04
AUM: ₹3,586 Cr
NAV updated 14 days ago
Plan
Regular
Option
Idcw
Risk
Low to Moderate
Expense Ratio
0.11%
Exit Load
Nil
Fund Manager
Mahendra Kumar Jajoo
Inception
Aug 2021
Benchmark
NIFTY Money Market Index A-I
Sharpe Ratio
-0.14
Std Dev (1Y)
0.51%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
+0.59%
3m
+2.05%
6m
+3.57%
1y
+6.54%
3y
+7.43%
5y
+6.59%
10y
—
since inception
+6.18%
TopFund's Take on Mirae Asset Money Market Fund Regular IDCW
Mirae Asset Money Market Fund Regular IDCW holds up reasonably well within the Money Market 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 0.11%, the expense ratio is meaningfully cheaper — about 31% below the Money Market category average of 0.16% (based on 148 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 -0.14 — 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 0.51% is on the lower side for a Money Market fund, 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.
Sector Allocation
Asset Allocation
Fund Snapshot
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Tools & Guides for This Fund
Frequently Asked Questions about Mirae Asset Money Market Fund Regular IDCW
The current NAV (Net Asset Value) of Mirae Asset Money Market Fund Regular IDCW is ₹1381.04. NAV is updated every business day after market close by AMFI.
1Y: 6.54% · 3Y CAGR: 7.43% · 5Y CAGR: 6.59%
The expense ratio of Mirae Asset Money Market Fund Regular IDCW is 0.11% per annum. This is the annual fee charged by the fund to manage your investment.
Mirae Asset Money Market Fund Regular IDCW is managed by Mahendra Kumar Jajoo at Mirae Asset Mutual Fund.
Mirae Asset Money Market Fund Regular IDCW is classified as a Low to Moderate risk fund. It is suitable for investors with a moderate risk appetite.
Mirae Asset Money Market Fund Regular IDCW is a Money Market fund. SIP suitability depends on your investment goal and risk profile.
You can start a SIP in Mirae Asset Money Market Fund Regular IDCW with as little as ₹500 per month through most mutual fund platforms. The minimum lump sum investment is typically ₹1,000.
The Assets Under Management (AUM) of Mirae Asset Money Market Fund Regular IDCW is ₹3,587 crore. AUM indicates the total market value of assets managed by the fund.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.
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