Mirae Asset Money Market Fund
NAV : ₹ 1,202.983 as of 19 November, 2024
3Y Returns
▲6.06%
Overview
Fund size
Min SIP
Lumpsum
Launch date
Fund plan
Scheme type
Rating by Value Research
Return Calculator
Over the past
Total Investment of ₹3,00,000
Would have become ₹3,12,486 (+4.00%)
Disclaimer: Past performance is not an indicator of future returns
Other Scheme Info
Inclusive of GST
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Mirae Asset Money Market Fund Managers
Basant Bafna
Jan 2023 - Present
List of Mirae Asset Mutual Fund’s top performing schemes
Fund House
Mirae Asset Mutual Fund
Total AUM: 162412.85Cr
Based in Seoul, South Korea, Mirae Asset Financial Group plays a pivotal role in the Asian financial market. Its asset management division, Mirae Asset Global Investments, was established in 1997 and rapidly expanded its global footprint. The Indian branch of this asset management company (AMC), Mirae Asset Global Investments (India) Pvt. Ltd., was inaugurated in November 2007. Notably, Mirae Asset had been present in the Indian market since 2004 as a foreign institutional investor, but it commenced domestic operations only in 2008. As of December 2023, their AUM exceeds Rs. 149503 crores.
Recognised as one of the fastest-growing AMCs in India, Mirae Asset experienced remarkable growth, increasing from a modest 51,304 folios in 2013 to over 11 Lakh in 2018 within just a five-year period.
Learn more about Mirae Asset Mutual Fund
Kotak Securities Limited: AMFI-registered Mutual Fund Distributor
FAQ for Mirae Asset Money Market Fund
How to start an SIP in Mirae Asset Money Market Fund?
To start an SIP in Mirae Asset Money Market Fund:
1. Login to the Kotak NEO App and tap Invest on the bottom navigation bar.
2. Under Other Investments, select Mutual Funds and search for Mirae Asset Money Market Fund.
3. On the Mirae Asset Money Market Fund details page, tap Invest Now.
4. Enter your investment amount under Monthly SIP, select your SIP date, and choose First Payment Now to complete the payment and initiate your SIP.
This simplified process helps you start your SIP quickly and efficiently.
How to invest in Mirae Asset Money Market Fund?
To invest in Mirae Asset Money Market Fund:
1. Login to the Kotak NEO App and tap Invest on the bottom navigation bar.
2. Under Other Investments, select Mutual Funds and search for Mirae Asset Money Market Fund.
3. Open the scheme details and tap Invest Now.
4. Choose One-time Investment, enter the amount, accept the T&C, and click Proceed.
5. Complete the payment via your bank’s e-banking page.
Your order will be successfully placed upon payment confirmation.
How do I automate an SIP in Mirae Asset Money Market Fund?
To automate an SIP in Mirae Asset Money Market Fund, use the Auto-Invest feature on Kotak Securities. This allows you to set up automatic investments, SIPs in mutual funds at regular intervals. Once configured, your chosen amount will be invested in the Mirae Asset Money Market Fund automatically, ensuring consistent contributions without manual intervention.
How can I withdraw/redeem my investment in Mirae Asset Money Market Fund?
To withdraw or redeem your investment in Mirae Asset Money Market Fund:
1. Login to the Kotak NEO App and access the Mutual Funds section.
2. Tap Reports on the bottom bar and select Manage SIP.
3. Find the Mirae Asset Money Market Fund, tap the three dots, and select Stop SIP.
4. Confirm your action, and your SIP will be successfully stopped.
This streamlined process will help you redeem your investment quickly.
What is the NAV of Mirae Asset Money Market Fund
NAV stands for net asset value, where the performance of a mutual fund is derived by its NAV per unit. NAV per unit is the market value of securities in a scheme, divided by the total number of units in the scheme on a given date.
The Net Asset Value of Mirae Asset Money Market Fund is ₹1,202.98
What is the AUM of Mirae Asset Money Market Fund?
AUM means ‘asset under management,’ which implies the cumulative sum of the market value of total securities held in a mutual fund scheme. MFs invest in Equities, Bonds & other such instruments. If you add the market value of all the investments made by the mutual fund along with any idle cash that it holds, the final tally is called AUM. It tells you how large or small a mutual fund is.
The AUM of Mirae Asset Money Market Fund is ₹1,201.15 Cr.
What is the minimum SIP amount for Mirae Asset Money Market Fund?
Every mutual fund scheme has a minimum SIP amount, which one may start with.
The minimum SIP amount of Mirae Asset Money Market Fund is ₹99
What is the Expense Ratio of Mirae Asset Money Market Fund?
As per SEBI Regulations, mutual funds are permitted to charge certain operating expenses for managing a mutual fund scheme. The total expense ratio is calculated as a percentage of the scheme’s NAV. It's deducted from the total revenue generated by a mutual fund before disbursing it to the investors.
The Expense Ratio of Mirae Asset Money Market Fund is 0.43%
What is the Exit load of Mirae Asset Money Market Fund?
It’s a fee charged by the mutual fund house if an investor fully or partially exits from an invested scheme within a stated period from the date of investment. The time period for which it applies varies with the type of fund. It's calculated from the date of investment, whether in SIP or lump sum form.
