Investment Objective and Approach

The investment objective of the scheme is to generate reasonable returns with low risk and provide liquidity by investing in money market instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be realized.

This open-ended debt scheme focuses on money market instruments with relatively low interest rate risk and moderate credit risk. The fund follows a systematic investment approach:

- Investment Universe: Investment will primarily be made in the money market instruments with up to 1 year maturity

- Duration Strategy: The duration of the portfolio will be between 6 Months – 1 years

- Portfolio Management: Fund will predominately follow rolldown strategy, wherein it will maintain duration of 6 Months – 1 Years

- Risk Management: The endeavor will be to have a portfolio of high quality and high liquidity

The primary investment objective of money market funds is to generate income while ensuring sufficiently high liquidity and relatively low interest rate risk. Money market funds can be used as investment options for parking your funds for a few days, weeks or months.

Fund Manager

Mr. Amit Modani is managing the scheme since 15th September, 2023. The fund benefits from professional management focused on maintaining optimal liquidity while generating stable returns through carefully selected money market instruments.

About the Fund House (AMC)

Headquartered in Seoul, South Korea, Mirae Asset Financial Group is one of the key players in the Asian financial market. Its asset management wing, the Mirae Asset Global Investments, commenced operation in 1997 and has expanded its business globally in a relatively short span of time. Today, Mirae Asset Mutual Fund has its presence in 14 countries spread across 5 continents.

The Indian wing of the AMC, Mirae Asset Global Investments (India) Pvt. Ltd. was launched in the November of 2007, becoming only their second overseas branch after Hong Kong. Note that Mirae Asset has been present in the Indian market since 2004 as a foreign institutional investor, but they commenced domestic business only in 2008.

Key Highlights of Mirae Asset Mutual Fund:

- Currently, they handle assets worth over Rs. 161740.88 Crore spread across 38 schemes in India

- Mirae Asset is considered one of the fastest growing AMCs in India. From a meagre 51,304 folios in 2013, they ballooned to over 11 Lakh in 2018, in a matter of just 5 years

- The AMC had assets under management (AUM) worth Rs. 1,63,996 crore by the end of January 2024. It has over 61 lakh folios and a monthly SIP book of Rs. 879 crore

- Mirae currently has 22 branches in the country. The company offers 54 primary mutual fund schemes as of Dec 2023

The fund house has established itself as a reliable partner for investors seeking innovative investment solutions with a focus on long-term wealth creation.

Should I Invest in Mirae Asset Money Market Fund?

This money market fund is suitable for investors seeking:

Ideal For:

- Conservative investors looking for low-risk investment options

- Those seeking better returns than traditional savings accounts

- Investors wanting to park surplus funds for short to medium-term periods

- Those planning systematic transfer plans (STP) into equity funds during volatile markets

Key Benefits:

- Low interest rate risk due to short-term nature of underlying instruments

- High liquidity for easy redemption

- Professional fund management

- You can get long term capital gains tax advantage for investments over 3 years or longer

Investment Considerations:

- The AUM of Mirae Asset Money Market Fund, is ₹2453.23 crore (as per latest data)

- The Expense Ratio of Mirae Asset Money Market Fund is 0.43%

- The minimum SIP amount of Mirae Asset Money Market Fund is ₹99

This fund is particularly suitable for investors seeking capital preservation with modest returns and high liquidity. However, investors should understand that money market funds may provide lower returns compared to equity or balanced funds over the long term.

FAQs

What is today's NAV of Mirae Asset Money Market Fund?

The NAV of Mirae Asset Money Market Fund on Jul 25 2025, is ₹1287.2838. NAV is updated daily and reflects the per-unit value of the fund.

What is the AUM of Mirae Asset Money Market Fund?

The AUM of Mirae Asset Money Market Fund, is ₹2453.23 crore. AUM represents the total market value of assets managed by the fund.

What is the expense ratio of Mirae Asset Money Market Fund?

The Expense Ratio of Mirae Asset Money Market Fund is 0.43%. This is the annual fee charged for fund management and operations.

What are the returns of Mirae Asset Money Market Fund since inception?

Growth of Rs. 10,000 invested at inception: 11,209. This represents the fund's performance since launch, though past performance doesn't guarantee future results.

What is the minimum SIP amount to invest in Mirae Asset Money Market Fund?

The minimum SIP amount of Mirae Asset Money Market Fund is ₹99. This makes it accessible for investors to start systematic investments with a small amount.

How do I invest in Mirae Asset Money Market Fund?

You can invest through Allvest platform by completing your KYC, selecting the fund, choosing your investment amount and payment method. Both lump sum and SIP options are available.

How to start a SIP in Mirae Asset Money Market Fund?

Through Allvest, select the SIP option, choose your monthly investment amount (minimum ₹99), set the investment date, and authorize automatic deductions from your bank account.

How do I automate an SIP in Mirae Asset Money Market Fund?

Once you set up SIP through Allvest with bank mandate, the investments will be automatically deducted from your account on the chosen date each month without manual intervention.

How can I withdraw/redeem my investment in Mirae Asset Money Market Fund?

You can redeem your investment through Allvest platform or directly with the AMC. After placing the redemption request, you can expect your investment to land in your bank account within two-three business days.