Mirae Asset Money Market Fund

Q: What are the returns of this mutual fund scheme?

The Mirae Asset Money Market Fund is a 4 yrs 5 m old fund and has delivered average annual returns of 6.1% since inception. Mirae Asset Money Market Fund Returns 1-Year 3-Year Since Inception 6.88% 7.08% 6.1%

Q: How much does this mutual fund charge as expense ratio?

The Mirae Asset Money Market Fund has an expense ratio of 0.41% , representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹1304.0686+0.06% 1 day change	6.1% p.a.	App exclusive #NA View Ranked Funds	₹3,025 Cr

Historical NAV & returns

NAV: ₹1304.0686 as on Feb 02, 2026

This fund Category average

Mirae Asset Money Market Fund overview

AUM (Fund size)	₹3,025 Cr
Exit load	0%
Lock-in Period	Nil
Age	4 yrs 5 m since Aug 04, 2021
Benchmark	NIFTY Money Market Index A-I
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
Expense ratio	0.41% as on Feb 02, 2026
Plan type	Regular
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 Feb 03, 2026

Period	This fund	Category average
1 Month	0.26%	0.3%
3 Months	1.22%	1.13%
6 Months	2.61%	2.54%
1 Year	6.88%	6.8%
2 Years	7.17%	7.09%
3 Years	7.08%	7.12%
4 Years	6.48%	6.53%

Asset allocationas on Dec 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+ 86.00349443%

SOV 15.38640033%

Others 0.23021281%

Cash & Call Money -1.62010786%

Top Debt Holdings

Reserve Bank of India 15.38%

Canara Bank 8.86%

HDFC Bank Ltd. 8.74%

Axis Bank Ltd. 8.72%

Allocation by Instruments

Certificate of Deposit 60.82242081%

Commercial Paper 22.75982088%

Treasury Bills 15.38640033%

Repo 6.63067872%

Other Holdings

Others 0.23%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mirae Asset Money Market Fund	0.26%	2.61%	6.88%	7.08%	N.A.	N.A.
UTI Money Market Fund	0.3%	2.77%	7.17%	7.46%	6.27%	6.7%
Aditya Birla Sun Life Money Manager Fund	0.24%	2.67%	6.99%	7.41%	6.25%	6.78%
Sundaram Money Market Fund	0.29%	2.71%	7.05%	7.22%	5.98%	4.5%
Nippon India Money Market Fund	0.28%	2.7%	7.1%	7.41%	6.27%	6.7%
Aditya Birla Sun Life Money Manager Fund	0.24%	2.67%	6.99%	7.41%	6.26%	6.78%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Mirae Asset Money Market Fund	0.38	0.57	1.84	2.48
UTI Money Market Fund	0.37	0.53	2.85	4.38
Aditya Birla Sun Life Money Manager Fund	0.39	0.59	2.61	3.44
Sundaram Money Market Fund	0.37	0.53	2.25	3.49
Nippon India Money Market Fund	0.39	0.55	2.61	4.03
Aditya Birla Sun Life Money Manager Fund	0.39	0.59	2.61	3.44

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Mirae Asset Money Market Fund	N.A.	3,025 Cr	4 yrs 5 m	0.41%
UTI Money Market Fund	N.A.	19,301 Cr	16 yrs 6 m	0.22%
Aditya Birla Sun Life Money Manager Fund	N.A.	27,449 Cr	20 yrs 3 m	0.37%
Sundaram Money Market Fund	N.A.	1,835 Cr	7 yrs 4 m	0.32%
Nippon India Money Market Fund	N.A.	20,190 Cr	20 yrs 7 m	0.38%
Aditya Birla Sun Life Money Manager Fund	N.A.	27,449 Cr	22 yrs 8 m	0.37%

View all Money Market funds

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

Alpha	1.77 vs. 3.16 Underperformed at beating benchmark
Sharpe	1.84 vs. 2.89 Poor risk-adjusted returns
Beta	0.57 vs. 1.71 Less sensitive to market ups & downs
Standard deviation	0.38 vs. 0.31 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 is a Money Market mutual fund scheme from Mirae Asset Mutual Fund. This fund has been in existence for 4 yrs 5 m, having been launched on 04/08/2021. Mirae Asset Money Market Fund has ₹3,025 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Mirae Asset Money Market Fund as of 02/02/2026 is ₹1304.07. The fund has an expense ratio of 0.41%, which is higher than what most other Money Market funds charge.

Mirae Asset Money Market Fund returns of last 1-year are 6.90%. Since launch, it has delivered 6.10% average annual returns.
Mirae Asset Money Market Fund scheme's ability to deliver returns consistently is higher than 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, Canara Bank, HDFC Bank Ltd., Axis Bank Ltd., Bank Of Baroda.

...

Fund AUM	3,025 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Mahendra Kumar Jajoo

Mr. Jajoo is a B.Com (H), CS, Chartered Accountant and CFA. Prior to joining Mirae Asset Mutual Fund he was Director with AUM Capital Markets Ltd. and also been associated with organisations like PGIM India Mutual Fund, Tata Asset Management Company, BNP Paribas Asset Management India Pvt. Ltd., ABN Amro Securities India Pvt. Ltd. and ICICI Group.

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	48 view all schemes
Total AUM	2,29,565 Cr as on Dec 31, 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.	227 Cr	6.16%	7.74%
Mirae Asset Nifty SDL Jun 2027 Index Fund	N.A.	531 Cr	7.34%	7.56%
Mirae Asset Ultra Short Duration Fund	N.A.	2,067 Cr	6.81%	7.22%
Mirae Asset Nifty SDL June 2028 Index Fund	N.A.	71 Cr	7.21%	N.A.
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund	N.A.	77 Cr	6.85%	7.05%

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 plan is approximately ₹1304.0686 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Mirae Asset Money Market Fund is a 4 yrs 5 m old fund and has delivered average annual returns of 6.1% since inception.

Mirae Asset Money Market Fund Returns

1-Year	3-Year	Since Inception
6.88%	7.08%	6.1%

How much does this mutual fund charge as expense ratio?

The Mirae Asset Money Market Fund has an expense ratio of 0.41%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

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 3,025 Cr as on Dec 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	15.38%
Canara Bank	8.86%
HDFC Bank Ltd.	8.74%

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+	86.00349443%
SOV	15.38640033%
Others	0.23021281%

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

Redeeming your investments in the Mirae Asset Money Market Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested 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.
Exit Load: This fund has no exit load.
Return/Risk: The fund is performing poorly than its category.