Sharpe ratio
0.23Return earned for the risk taken.
Moderate
Moderate risk-adjusted returns. The reward for risk has been average.
+6.41%1Y Absolute Return
+0.01%1D
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Past performance is not an indicator of future returns.
Returns calculator comparison
Compare an illustrative investment outcome across return assumptions.
| Asset | Projected corpus | Total invested | Gain | Annual return |
|---|---|---|---|---|
| Mirae Asset Money Market Fund Direct GrowthFund 5Y annualised return | ₹8,61,233 | ₹7,32,612 | ₹1,28,621 | +6.70% |
| EPFIllustrative annual assumption | ₹8,95,132 | ₹7,32,612 | ₹1,62,520 | +8.25% |
| Residential propertyIllustrative annual assumption | ₹8,67,662 | ₹7,32,612 | ₹1,35,050 | +7.00% |
| PPFIllustrative annual assumption | ₹8,69,819 | ₹7,32,612 | ₹1,37,207 | +7.10% |
| Bank fixed depositIllustrative annual assumption | ₹8,56,981 | ₹7,32,612 | ₹1,24,369 | +6.50% |
| GoldIllustrative annual assumption | ₹8,67,662 | ₹7,32,612 | ₹1,35,050 | +7.00% |
| Savings accountIllustrative annual assumption | ₹7,86,827 | ₹7,32,612 | ₹54,215 | +3.00% |
Illustration only. Fund results use the available NAV-derived annualised return and can be negative. Reference rows are assumptions, not current quoted rates or guaranteed returns; property excludes transaction costs, taxes, and liquidity constraints. Mutual fund investments are subject to market risk.
Wealth multiple
₹1 became₹1.07
₹1 Lakh since launch₹1.07 Lakh
Fund age5.3 yrs
Fund information
Scheme code149112
ISININF769K01HN8
BenchmarkNIFTY Money Market Index A-I
CategoryDebt Scheme - Money Market Fund
Expense ratio0.10%
Exit loadNil
Minimum SIP₹99 SIP
Return comparison
35th / 186 in category| Period | Fund | Benchmark | Category avg |
|---|---|---|---|
| 1M | +5.72% | — | — |
| 3M | +6.08% | — | — |
| 6M | +7.24% | — | — |
| 1Y | +6.41% | — | +2.65% |
| 3Y | +7.36% | — | +3.43% |
| 5Y | +6.70% | — | +3.19% |
| Since Launch | +6.53% | — | — |
Risk-adjusted performance
Every measure is expanded with a plain-language reading of the latest calculated value.
Sortino ratio
0.91Return earned while limiting downside risk.
Moderate
Moderate downside risk-adjusted performance.
Standard deviation
0.54%How much the fund’s returns fluctuate over time.
Low volatility
Returns have been relatively stable.
Beta
—How closely the fund moves with the market.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Alpha
—Extra return generated above the benchmark.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Treynor ratio
—Return earned for each unit of market risk taken.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Calmar ratio
43.18How well the fund rewarded investors relative to its biggest decline.
Excellent
Excellent balance between returns and drawdowns.
Information ratio
—How consistently the fund outperformed its benchmark.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Portfolio allocation
Latest disclosed portfolio mix
Asset allocation
Portfolio101%
Debt100.74%
Market cap allocation
Market-cap classifications were not present in the latest portfolio disclosure.
Sector allocation
Equity exposure by sector
Top holdings
10 of 69 disclosed positions
| Holding | Sector | Instrument type | Weight |
|---|---|---|---|
| GOVERNMENT OF INDIA 37079 364 DAYS TBILL 11FB27 FV RS 100 | Financial | Treasury Bills | 7.6092% |
| KOTAK MAHINDRA BANK LIMITED CD 05MAR27 | Financial | Certificate of Deposit | 5.0139% |
| PUNJAB NATIONAL BANK CD 05FEB27 | Financial | Certificate of Deposit | 3.7787% |
| National Bank For Agriculture and Rural Development (17/03/2027) ** # | Financial | Certificate of Deposit | 3.749% |
| BHARTI TELECOM LIMITED 351D CP 26FEB27 | Technology | Commercial Paper | 3.7481% |
| TORRENT PHARMACEUTICALS LTD 337D CP 22DEC26 | Healthcare | Commercial Paper | 3.1712% |
| PUNJAB NATIONAL BANK CD 04MAR27 | Financial | Certificate of Deposit | 3.1337% |
| KOTAK MAHINDRA PRIME LIMITED 183D CP 16OCT26 | Financial | Commercial Paper | 2.5682% |
| BANK OF BARODA CD 04DEC26 | Financial | Certificate of Deposit | 2.5487% |
| GOVERNMENT OF INDIA 37088 364 DAYS TBILL 19FB27 FV RS 100 | Financial | Treasury Bills | 2.5335% |
Fund management
PR
Pranavi Kulkarni
Since 2026 · Prior to joining Mirae Asset Mutual Fund, she has worked with Edelweiss Mutual Fund, CRISIL Ltd. and Yes Bank.
Ms. Kulkarni is a BE Computer Science, MBA Finance
Compare similar funds
No comparable category funds are available yet.
Summary
A low to moderate-risk debt scheme - money market fund. NAV has been stable for its category — worst fall -0.15% with 0.5% volatility.
Strengths
- NAV has been stable for its category — worst fall -0.15% with 0.5% volatility.
- Ranks 35 of 186 in its category over 1 year.
Weaknesses
- None
Ideal investor
- Suited for a few days to 3 months and emergency or idle cash.
Risk drivers
- None