Mirae Asset Money Market Fund - Direct Plan - Growth
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.Read more
- Current NAV₹1,387.32
- Fund Size (AUM)₹ 2,452 Cr.
- Expense Ratio0.11 %
- 1Y Return+6.37%
- 3Y Return (CAGR)+7.36%
- 5Y Return (CAGR)+6.63%
- Category Rank (3Y)—
- RiskometerLow to Moderate Risk
- Min. SIP / Lump sum₹ 99 / ₹ 5,000
More figures (11)
- Since Launch (CAGR)+6.52%
- Benchmark—
- Volatility (3Y)0.43 %
- Sharpe Ratio (3Y)1.99
- Beta (3Y)—
- 52-week High / Low₹1,388.06 / ₹1,304.27
- Max Drawdown-0.2 %
- Launched11 Aug 2021
- Lock-inNone
- Portfolio Turnover—
- Fund ManagersPranavi Kulkarni
Performance chart
Past performance may or may not be sustained in future.
Quick take
- Over 5 years it returned 6.6% a year.
- Volatility over 3 years was 0.4% a year, with a Sharpe ratio of 1.99.
- Its biggest fall from a peak was 0.2% (11 May 2026 to 22 May 2026).
- Across all 3-year periods since launch, yearly returns ranged from 6.0% to 7.6% and were positive 100% of the time.
- Expense ratio 0.11%, fund size ₹2,452 crore.
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Book a free consultation Compare with other fundsReturns vs benchmark and category
| Returns (%) | 1W | 1M | 3M | 6M | YTD | 1Y | 2Y | 3Y | 5Y | 7Y | 10Y | Since launch |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| This fund | -0.01% | +0.43% | +1.67% | +3.19% | +5.06% | +6.37% | +7.12% | +7.36% | +6.63% | — | — | +6.52% |
Point-to-point NAV returns as on 16 Oct 2026; over 1 year, yearly compounded (CAGR). Category: Direct Growth plans in Money Market Funds. Q1 = top quarter by return over that period.
Calendar-year returns
| Year | 2026 YTD | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| This fund | +5.06% | +7.59% | +7.89% | +7.15% | +4.76% |
January to December each year; the current year is to date.
Risk and consistency
| Risk measure | 3 years | 5 years |
|---|---|---|
| Volatility (standard deviation) ? | 0.43% | 0.38% |
| Sharpe ratio ? | 1.99 | 0.34 |
| Sortino ratio ? | 3.61 | 0.58 |
| Maximum drawdown | -0.15% | -0.15% |
Rolling 3-year returns (yearly)
Every 3- and 5-year period since launch, checked weekly. It shows how consistent returns were, whenever someone invested.
SIP returns: ₹10,000 every month
| SIP for | Invested | Value today | Gain | XIRR |
|---|---|---|---|---|
| 1Y | ₹1,20,000 | ₹1,24,255 | ₹4,255 | +6.61% |
| 3Y | ₹3,60,000 | ₹4,00,663 | ₹40,663 | +7.07% |
| 5Y | ₹6,00,000 | ₹7,17,528 | ₹1,17,528 | +7.09% |
A ₹10,000 instalment on the same date every month, valued at the latest NAV. XIRR is the yearly return on those dated instalments. Try the SIP calculator.
Compare with all Money Market Funds (28)
Sorted by 3-year return; tap a heading to sort. Sorting by past returns is a way to explore data, not a ranking of which fund to choose. 3Y and 5Y are yearly (CAGR).
Scheme details
- Investment objective
- 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.
- Fund manager
- Pranavi Kulkarni
- Fund house
- Mirae Asset Mutual Fund
- Category
- Money Market Funds · Debt
- Plan / option
- Direct · Growth
- AMFI scheme code
- 149112
- ISIN
- INF769K01HN8
- Scheme documents
- SID, KIM and factsheets (fund house website) · exit load and full portfolio are in these documents.
About Money Market Funds
Money Market Funds invest in money-market instruments maturing within one year.
Generally used by short-term money with a horizon up to about a year.
Other plans of this scheme
Fund manager
From the scheme details published by the fund house. "Also manages" lists schemes we have on record and grows as more schemes are viewed.
Questions about this scheme
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What are Money Market Funds?
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