Mirae Asset Money Market Fund Direct - Growth

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

The Mirae Asset Money Market Fund is a 4 yrs 1 m old fund and has delivered average annual returns of 6.53% since inception. Mirae Asset Money Market Fund Returns 1-Year 3-Year Since Inception 7.95% 7.46% 6.53%

NAV as of Sep 05, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹1295.237+0.02% 1 day change	6.53% p.a.	App exclusive #NA View Ranked Funds	₹3,839 Cr

Historical NAV & returns

NAV: ₹1295.237 as on Sep 05, 2025

This fund Category average

Mirae Asset Money Market Fund overview

Expense ratio	0.09% as on Aug 31, 2025
Exit load	0%
AUM (Fund size)	₹3,839 Cr
Lock-in Period	Nil
Age	4 yrs 1 m since Aug 04, 2021
Benchmark	NIFTY Money Market Index A-I
Min. investment	SIP: ₹1000 & Lumpsum: ₹5000
Risk	Low to Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Mirae Asset Money Market Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Sep 09, 2025

Period	This fund	Category average
1 Month	0.34%	0.34%
3 Months	1.34%	1.34%
6 Months	4.08%	4.02%
1 Year	7.95%	7.79%
2 Years	7.83%	7.65%
3 Years	7.46%	7.45%
4 Years	6.59%	6.6%

Asset allocationas on Aug 31, 2025

Large Cap 0%

Mid Cap 0%

Small Cap 0%

Other Cap 0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

A1+ 85.70486872%

SOV 13.37958296%

Cash & Call Money 0.73768012%

Others 0.17786792%

Top Debt Holdings

Reserve Bank of India 17.89%

HDFC Bank Ltd. 9.85%

National Bank For Agriculture & Rural Development 8.98%

Kotak Mahindra Bank Ltd. 8.96%

Allocation by Instruments

Certificate of Deposit 67.40995154%

Commercial Paper 16.428158449999998%

Treasury Bills 13.379582959999999%

Money Market 1.86675873%

Other Holdings

Others 0.16%

Detailed portfolio analysis

Peer comparison

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Mirae Asset Money Market Fund	N.A.	3,839 Cr	4 yrs 1 m	0.09%
UTI Money Market Fund	N.A.	20,513 Cr	12 yrs 8 m	0.14%
Nippon India Money Market Fund	N.A.	19,655 Cr	12 yrs 8 m	0.22%
PGIM India Money Market Fund	N.A.	183 Cr	5 yrs 6 m	0.21%
Axis Money Market Fund	N.A.	20,721 Cr	6 yrs 1 m	0.17%
Sundaram Money Market Fund	N.A.	2,384 Cr	6 yrs 11 m	0.17%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mirae Asset Money Market Fund	0.34%	4.08%	7.95%	7.46%	N.A.	N.A.
UTI Money Market Fund	0.34%	4.07%	7.89%	7.6%	6.19%	6.88%
Nippon India Money Market Fund	0.34%	4.12%	7.93%	7.62%	6.24%	6.9%
PGIM India Money Market Fund	0.32%	3.99%	7.68%	7.46%	6.08%	3.3%
Axis Money Market Fund	0.34%	4.1%	7.93%	7.63%	6.22%	3.86%
Sundaram Money Market Fund	0.33%	4.05%	7.83%	7.37%	5.89%	4.33%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Mirae Asset Money Market Fund	0.37	0.97	2.48	3.52
UTI Money Market Fund	0.35	0.85	3.04	5.27
Nippon India Money Market Fund	0.36	0.88	3.01	5.17
PGIM India Money Market Fund	0.35	0.87	2.58	4.71
Axis Money Market Fund	0.36	0.92	3.01	5.01
Sundaram Money Market Fund	0.35	0.88	2.37	4.35

View all Money Market funds

Key risk & return ratios Compared to other funds in the category

Alpha	2.72 vs. 3.71 Underperformed at beating benchmark
Sharpe	2.48 vs. 3.93 Poor risk-adjusted returns
Beta	0.97 vs. 2.56 Less sensitive to market ups & downs
Standard deviation	0.37 vs. 0.32 More volatile performance

Compare Mirae Asset Money Market Fund in detail with

About this fund

About Mirae Asset Money Market Fund

Mirae Asset Money Market Fund Direct - Growth is a Money Market mutual fund scheme from Mirae Asset Mutual Fund. This fund has been in existence for 4 yrs 1 m, having been launched on 04/08/2021. Mirae Asset Money Market Fund Direct - Growth has ₹3,839 Crores worth of assets under management (AUM) as on 31/08/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Mirae Asset Money Market Fund Direct - Growth as of 05/09/2025 is ₹1295.24. The fund has an expense ratio of 0.09%, which is close to what most other Money Market funds charge.

Mirae Asset Money Market Fund Direct - Growth returns of last 1-year are 8.06%. Since launch, it has delivered 6.56% average annual returns.
Mirae Asset Money Market Fund Direct - Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is below average.
The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in Reserve Bank of India, HDFC Bank Ltd., National Bank For Agriculture & Rural Development, Kotak Mahindra Bank Ltd., Small Industries Devp. Bank of India Ltd..

...

Fund AUM	3,839 Cr as on Aug 31, 2025
Scheme document	View Scheme Document

Fund managers

Amit Modani

Mr. Modani is Chartered Accountant Prior to joining Mirae Asset Mutual Fund, he has worked with BOI AXA Mutual Fund, Quantum Asset Management Company Private Limited and Pramerica Asset Managers Pvt. Ltd.

Investment objective

The scheme seeks to generate reasonable returns with low risk and provide liquidity by investing in money market instruments.

Mirae Asset Mutual Fund details

No. of schemes	47 view all schemes
Total AUM	2,02,662 Cr as on Jun 30, 2025
Address	Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai, 400098
Phone	022-67800301 / 1800-2090-777

More funds from Mirae Asset Mutual Fund

Fund name	ETM Rank	AUM	1Y	3Y
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund	N.A.	238 Cr	8.18%	N.A.
Mirae Asset Short Duration Fund	N.A.	896 Cr	8.56%	7.76%
Mirae Asset Low Duration Fund	N.A.	1,865 Cr	8.05%	7.53%
Mirae Asset Ultra Short Duration Fund	N.A.	1,766 Cr	7.71%	7.48%
Mirae Asset Nifty SDL Jun 2027 Index Fund	N.A.	564 Cr	7.94%	7.47%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Mirae Asset Money Market Fund?

The current Net Asset Value (NAV) of the Mirae Asset Money Market Fund - Direct Growth plan is approximately ₹1295.237 as of Sep 05, 2025.

What are the returns of this mutual fund scheme?

The Mirae Asset Money Market Fund is a 4 yrs 1 m old fund and has delivered average annual returns of 6.53% since inception.

Mirae Asset Money Market Fund Returns

1-Year	3-Year	Since Inception
7.95%	7.46%	6.53%

How much does this mutual fund charge as expense ratio?

The Mirae Asset Money Market Fund - Direct Growth has an expense ratio of 0.09%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The Mirae Asset Money Market Fund currently has assets under management (AUM) or fund size valued at approximately 3,839 Cr as on Aug 31, 2025.

To whom does Mirae Asset Money Market Fund lend to?

The top 3 debt holdings of Mirae Asset Money Market Fund are as follows

Holding Name	Percentage of Portfolio
Reserve Bank of India	17.89%
HDFC Bank Ltd.	9.85%
National Bank For Agriculture & Rural Development	8.98%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The Mirae Asset Money Market Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
A1+	85.70486872%
SOV	13.37958296%
Cash & Call Money	0.73768012%

What is risk level of Mirae Asset Money Market Fund?

This is a Money Market fund comes with Low to Moderate risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Mirae Asset Money Market Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Mirae Asset Money Market Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in Mirae Asset Money Market Fund is complete.

How can I redeem my investments in Mirae Asset Money Market Fund?

Redeeming your investments in Mirae Asset Money Market Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Mirae Asset Money Market Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Money Market

#NA

Return Outperformance: This fund has generated highest return amongst Money Market funds in the last 2 Years.
AUM Growth: This fund has the highest AUM growth in the last 12 months in Money Market category.
Expense Ratio: This fund has the lowest expense ratio amongst actively/passively managed Money Market funds.
Exit Load: This fund has no exit load.
Return/Risk: The fund is performing poorly than its category.