Mirae Asset Liquid Fund
This is the Direct plan of Mirae Asset Liquid Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
NAV history
Scorecard
★★★☆☆3/5 vs 36 of 43 Liquid Fund peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Liquid Fund (same plan and option). 36 of the 43 Liquid Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +6.93% · ranks 21 of 36 Liquid Funds
Volatility 0.2% vs 0.2% category avg
0.1% expense vs 0.1% category avg
100% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Less volatile than its Liquid Fund peers (0.2% vs 0.2%)
- Low expense ratio (0.09%) vs the Liquid Fund average of 0.15%
- Consistent — positive in 100% of rolling 3-year windows
Concerns
No significant concerns identified.
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Liquid Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.46% | +0.45% | +0.01% |
| 3M abs | +1.54% | +1.53% | +0.01% |
| 6M abs | +3.24% | +3.23% | +0.01% |
| 1Y CAGR | +6.43% | +6.40% | +0.03% |
| 3Y CAGR | +6.93% | +6.88% | +0.05% |
| 5Y CAGR | +6.39% | +6.33% | +0.06% |
Category average across peers in Liquid Fund (up to 43 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 43 peers in Liquid Fund
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into Mirae Asset Liquid Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | +4.96% | |
| 2025 | +6.60% | |
| 2024 | +7.46% | |
| 2023 | +7.13% | |
| 2022 | +4.93% | |
| 2021 | +3.40% | |
| 2020 | +4.30% | |
| 2019 | +6.65% | |
| 2018 | +7.45% | |
| 2017 | +6.71% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.
Taxation
Taxed as debtThis is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.
Your income-tax slab — no LTCG or indexation benefit
Pick your slab to see the rate that applies to you.
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Debt95.36%
- Cash & Equivalents4.39%
- Other0.25%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹14,554Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
AMC Profile
Mirae Asset Mutual Fund is the Indian arm of Mirae Asset, the South Korean manager, and has operated here since 2008. Its growth came largely from a small number of large equity schemes rather than a wide line-up.
Fund Managers
MJMahendra Kumar JajooManaging since 22 Sep 2025
Chief Investment Officer - Fixed Income
ACA, ACS, CFA
Mr. Mahendra Kumar Jajoo is the Head – Fixed Income Mirae Asset (India) Private He has been associated with Limited. He has over 31 years of experience in the field of financial responsibilities of leading services. He is overall passive investment products. Ltd, IIFL Securities, responsible for supervising all Debt schemes of the Mirae Asset Mutual Fund. Prior to this Limited from 17 assignment, Mr. Jajoo was Director with AUM Capital leading passive Markets Ltd. He has also been associated with organizations Prior to this assignment, he like Pramerica Asset Managers Ltd., Tata Asset Management Ltd., ABN AMRO Asset Management Ltd and ICICI Group.
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PKPranavi KulkarniStart date not disclosed
MBA (Finance) | Symbiosis International University, B.E. (Computer Science) | Mumbai University
Ms. Pranavi Kulkarni has over 16 years of experience in the financial sector. Prior to this assignment, Ms. Kulkarni was associated with Edelweiss Asset Management Ltd as Fund Manager. Ms. Kulkarni has also worked with CRISIL Ltd and Yes Bank
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Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
Explore from here
Mirae Asset in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
Multi-asset allocation mutual funds: Nippon India, HDFC feature among SIP top performers and laggards
The Economic Times · 2d ago
New fund offers: 9 mutual funds and 2 SIFs are open for subscription now. Check dates and details
The Economic Times · 4d ago
Mirae Asset S&P 500 Top 50 ETF Share Price Today – MASPTOP50 (Live NSE/BSE)
INDmoney · 4d ago
Mirae Asset NYSE FANG+ ETF Share Price Today – MAFANG (Live NSE/BSE)
INDmoney · 4d ago
Mirae Asset cuts Gland Pharma stake to 2.95% after open market sale
scanx.trade · 5d ago
Mirae Asset MF introduces Life Cycle Fund 2056
Investment Guru India · 7d ago
NFO Alert: Mirae Asset Mutual Fund Launches Life Cycle Fund 2056, Check Key Details
Outlook Money · 7d ago
NFO Alert: Mirae Asset Mutual Fund launches Mirae Asset Life Cycle Fund 2056
The Economic Times · 7d ago
Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Liquid funds
Liquid funds invest in very short-term debt (maturing within 91 days). They're used to park money for days or weeks — low risk and easy to redeem, but low return too.
Frequently asked questions
What is the NAV of Mirae Asset Liquid Fund?
As of 05 Oct 2026, the NAV of Mirae Asset Liquid Fund is ₹3,010.35 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Mirae Asset Liquid Fund delivered?
Mirae Asset Liquid Fund has returned +6.43% over 1 year, +6.93% per year over 3 years, +6.39% per year over 5 years and +6.71% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of Mirae Asset Liquid Fund?
Mirae Asset Liquid Fund charges an expense ratio of 0.09% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of Mirae Asset Liquid Fund?
Mirae Asset Liquid Fund's largest holdings are Reliance Retail Ventures Ltd. (MD 23/09/2026) (5.2%), Bharat Petroleum Corporation Ltd. (MD 24/09/2026) (4.7%), 91 Days Treasury Bills (MD 24/09/2026) (3.6%), 91 Days Treasury Bills (MD 17/09/2026) (3.5%) and Hindustan Petroleum Corporation Ltd. (MD 29/09/2026) (3.1%). Holdings are disclosed monthly and change over time.
How risky is Mirae Asset Liquid Fund?
Mirae Asset Liquid Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.2% and its worst peak-to-trough fall in our sample was -0.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
Who manages Mirae Asset Liquid Fund?
Mirae Asset Liquid Fund is managed by Mahendra Kumar Jajoo and Pranavi Kulkarni at Mirae Asset.
How is Mirae Asset Liquid Fund taxed?
Mirae Asset Liquid Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.