DebtMoney Market FundDirectIDCWLow

Mirae Asset Money Market Fund

Q: What is the NAV of Mirae Asset Money Market Fund?

As of 05 Oct 2026, the NAV of Mirae Asset Money Market Fund is ₹1,364.16 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Mirae Asset Money Market Fund delivered?

Mirae Asset Money Market Fund has returned +0.19% 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.

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

Mirae Asset Money Market Fund charges an expense ratio of 0.11% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Mirae Asset Money Market Fund?

Mirae Asset Money Market Fund's largest holdings are 364 Days Treasury Bills (MD 11/02/2027) (8.2%), Kotak Mahindra Bank Ltd. (MD 05/03/2027) (4.7%), National Bank for Agriculture and Rural Development (MD 17/03/2027) (4.7%), Indian Bank (MD 12/01/2027) (3.4%) and Bajaj Auto Credit Ltd. (MD 22/02/2027) (3.4%). Holdings are disclosed monthly and change over time.

Q: How risky is Mirae Asset Money Market Fund?

Mirae Asset Money Market Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.9% and its worst peak-to-trough fall in our sample was -0.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of Mirae Asset Money Market Fund?

Mirae Asset Money Market Fund is benchmarked against the Nifty Money Market Index A-I. Its alpha and beta on this page are measured against that index.

Q: Who manages Mirae Asset Money Market Fund?

Mirae Asset Money Market Fund is managed by Pranavi Kulkarni at Mirae Asset.

Q: How is Mirae Asset Money Market Fund taxed?

Mirae Asset Money Market 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.

Mirae Asset Mutual Fund · Best Money Market Mutual Funds

NAV

₹1,364.16

+0.08% 1D

as of 05 Oct 2026

This is the Direct plan of Mirae Asset Money Market Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed weekly, which is why this NAV sits below the growth plan of the same fund.

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This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.

View the Growth plan for compounded returns (+7.40% 3Y CAGR)

NAV history

+0.19%absolute

52-week rangePrev NAV ₹1,363.09

Latest ₹1,364.16

Low ₹1,360.8667th percentile of its 52-week rangeHigh ₹1,365.76

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.11%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

—

Category —

Scheme Info

Definitions

Plan

Direct · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹1,000

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

Nifty Money Market Index A-I

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

07 Jul 2026

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-0.03%

Absolute return over the last 3 months (not annualized)

+0.19%

Absolute return over the last 6 months (not annualized)

—

Absolute return since 1 Jan of this year (not annualized)

+0.19%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

—

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+0.19%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

0.94%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-0.26%

Benchmark ratios

Not shown for Money Market Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Money Market Fund)

Period	Fund	Category avg.	Diff
1M abs	-0.03%	—	—
3M abs	+0.19%	—	—
6M abs	—	—	—
1Y CAGR	—	—	—
3Y CAGR	—	—	—
5Y CAGR	—	—	—

Category average across peers in Money Market Fund, 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.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹20.00K

Current value

₹20.00K

Absolute

-0.02%

XIRR

-0.38%

Value vs. invested

ValueInvested

2 monthly installments of ₹10,000 into Mirae Asset Money Market Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

History points

Expense ratio

0.11%

AUM

₹3,971Cr

YTM

6.83%

Modified duration

172 days

Macaulay duration

0.51 years

Average maturity

0.51 years

Exit load

NIL

Taxation

Taxed as debt

This 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.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

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.

Peer comparison · Money Market Fund

Compare all


Mirae Asset Money Market FundThis fund Mirae Asset · Direct · Weekly IDCW	—	—	—	—	—	0.11%	₹3,971Cr
Bandhan Money Market Fund Bandhan · Direct · Periodic IDCW	—	+6.66%	+7.45%	+6.75%	—	—	₹18.24L
Mirae Asset Money Market Fund Mirae Asset · Direct · IDCW	—	+6.46%	+7.39%	+6.61%	—	0.11%	₹3,971Cr
UTI - Money Market Fund UTI · Direct · Flexi IDCW	—	+6.52%	+7.38%	+6.76%	—	—	₹1.60L
UTI - Money Market Fund UTI · Direct · Half-Yearly IDCW	—	+6.52%	+7.38%	+6.77%	—	0.17%	₹564.74Cr
UTI - Money Market Fund UTI · Direct · Annual IDCW	—	+6.52%	+7.38%	+6.77%	—	0.17%	₹564.74Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt99.55%
Other0.29%
Cash & Equivalents0.16%

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

364 Days Treasury Bills (MD 11/02/2027)

8.16%

Kotak Mahindra Bank Ltd. (MD 05/03/2027)

4.72%

National Bank for Agriculture and Rural Development (MD 17/03/2027)

4.70%

Indian Bank (MD 12/01/2027)

3.40%

Bajaj Auto Credit Ltd. (MD 22/02/2027)

3.37%

Punjab National Bank (MD 04/03/2027)

3.37%

364 Days Treasury Bills (MD 19/02/2027)

2.72%

ICICI Bank Ltd. (MD 12/02/2027)

2.71%

National Bank for Financing Infrastructure and Development (MD 04/03/2027)

2.70%

L&T Finance Ltd. (MD 19/03/2027)

2.68%

Fund size over time

Quarterly average AUM · AMFI

₹3,971Cr

April - June 2026

+14%

since January - March 2026

At or near its largest, ₹3,971Cr in April - June 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.

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.

Launched

29 Nov 2007

Total AUM

₹2,37,421Cr+5.5% QoQ

Avg AUM · July - September 2026

Website

miraeassetmf.co.in

Fund Managers

PKPranavi KulkarniManaging since 05 Feb 2026

Education

MBA (Finance) | Symbiosis International University, B.E. (Computer Science) | Mumbai University

Experience

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

Funds managed (8)

All schemes Pranavi Kulkarni runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and 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

Fund managers

Pranavi Kulkarni

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.

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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 Money Market funds

Money market funds hold only money market instruments — treasury bills, commercial paper, certificates of deposit — maturing within one year. The one-year ceiling is on each instrument, which keeps both interest-rate and credit risk short.

Frequently asked questions

What is the NAV of Mirae Asset Money Market Fund?

As of 05 Oct 2026, the NAV of Mirae Asset Money Market Fund is ₹1,364.16 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Mirae Asset Money Market Fund delivered?

Mirae Asset Money Market Fund has returned +0.19% 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 Money Market Fund?

Mirae Asset Money Market Fund charges an expense ratio of 0.11% 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 Money Market Fund?

Mirae Asset Money Market Fund's largest holdings are 364 Days Treasury Bills (MD 11/02/2027) (8.2%), Kotak Mahindra Bank Ltd. (MD 05/03/2027) (4.7%), National Bank for Agriculture and Rural Development (MD 17/03/2027) (4.7%), Indian Bank (MD 12/01/2027) (3.4%) and Bajaj Auto Credit Ltd. (MD 22/02/2027) (3.4%). Holdings are disclosed monthly and change over time.

How risky is Mirae Asset Money Market Fund?

Mirae Asset Money Market Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.9% and its worst peak-to-trough fall in our sample was -0.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of Mirae Asset Money Market Fund?

Mirae Asset Money Market Fund is benchmarked against the Nifty Money Market Index A-I. Its alpha and beta on this page are measured against that index.

Who manages Mirae Asset Money Market Fund?

Mirae Asset Money Market Fund is managed by Pranavi Kulkarni at Mirae Asset.

How is Mirae Asset Money Market Fund taxed?

Mirae Asset Money Market 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.