Mirae Asset Money Market Fund
- NAV as on 25 Sep 2026
- ₹1,358.48-0.01%1 day
- Return since launch
- 6.2%
- 52-week range
- ₹1,280.37 — ₹1,358.81
- AUM
- ₹3,587 Cr
Mirae Asset Money Market Fund is a Money Market debt fund from Mirae Asset Mutual Fund with ₹3,587 Cr under management, launched in 2021. Over three years it has returned 6.8% a year, against 7.0% for its category. The expense ratio is 0.42% and the SEBI riskometer reading is Low to Moderate.
Performance
Mirae Asset Money Market Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +6.1% against +6.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.4% | +0.2 pts | 6.2% | 6.6% |
| 2Y | 6.5% | −0.1 pts | 6.6% | 6.7% |
| 3Y | 6.8% | −0.2 pts | 7.0% | 6.9% |
| 5Y | 6.8% | +0.4 pts | 6.3% | 6.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.5% | 0.0 pts | 0.5% | 0.5% |
| 3M | 1.5% | 0.0 pts | 1.5% | 1.5% |
| 6M | 3.5% | 0.0 pts | 3.5% | 3.5% |
| 1Y | 6.1% | −0.1 pts | 6.2% | 6.3% |
| 2Y | 6.8% | 0.0 pts | 6.9% | 7.0% |
| 3Y | 7.0% | 0.0 pts | 7.0% | 7.1% |
| 5Y | 6.2% | −0.1 pts | 6.3% | 6.4% |
Since launch (4 Aug 2021): 6.2%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.2% | −0.3 pts | 7.5% |
| 2024 | 7.5% | −0.2 pts | 7.6% |
| 2023 | 6.8% | −0.6 pts | 7.3% |
| 2022 | 4.4% | −0.4 pts | 4.7% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.42%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.35%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.06%
- Exit load
- 0%
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Money Market Index A-I
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at low to moderate risk — typically short duration debt schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 2.04 | 2.50 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 2.82 | 3.56 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.56 | 0.54 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Mirae Asset Money Market Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt99.8%
- Other0.2%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| company:9822 | Automobile | 3.37% | ₹121 Cr | — | — | — |
| Reserve Bank of India | Financial | 2.72% | ₹97.44 Cr | +0.11% | +0.53% | +0.76% |
| ICICI Bank Ltd. | Financial | 2.71% | ₹97.07 Cr | +2.16% | +2.49% | — |
| National Bank For Financing Infrastructure And Development | Financial | 2.69% | ₹96.66 Cr | +2.15% | — | — |
| L&T Finance Ltd. | Financial | 2.68% | ₹96.19 Cr | +1.07% | — | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 2.62% | ₹93.99 Cr | +1.07% | +6.20% | +7.59% |
| HDFC Bank Ltd. | Financial | 2.02% | ₹72.62 Cr | +0.54% | +3.73% | +1.25% |
| Embassy Office Parks REIT | Construction | 2.01% | ₹72.14 Cr | +2.13% | — | — |
| Indian Bank | Financial | 1.90% | ₹68.20 Cr | +1.08% | +1.25% | +3.15% |
| Export-Import Bank Of India | Financial | 1.56% | ₹55.79 Cr | +0.52% | +2.61% | +7.56% |
| Tamilnadu State | Others | 1.41% | ₹50.45 Cr | +1.15% | — | — |
| Union Bank of India | Financial | 1.35% | ₹48.44 Cr | — | +1.95% | +1.27% |
| National Bank For Agriculture & Rural Development | Financial | 1.35% | ₹48.38 Cr | +1.07% | +1.24% | +0.38% |
| Hero Housing Finance Ltd. | Financial | 1.35% | ₹48.32 Cr | +1.07% | — | — |
| Aditya Birla Housing Finance Ltd. | Financial | 1.35% | ₹48.26 Cr | +1.07% | — | — |
| Hero FinCorp Ltd. | Financial | 1.35% | ₹48.26 Cr | — | — | — |
| Nuvama Wealth Finance Ltd. | Financial | 1.35% | ₹48.26 Cr | — | — | — |
| Julius Baer Capital India Pvt Ltd. | Financial | 1.34% | ₹48.16 Cr | +1.07% | — | +0.64% |
| Muthoot Finance Ltd. | Financial | 1.34% | ₹48.16 Cr | +1.07% | +1.24% | +0.64% |
| ICICI Securities Ltd. | Financial | 1.34% | ₹48.03 Cr | — | +2.65% | +0.62% |
| 360 ONE Wealth Ltd. | Financial | 1.34% | ₹47.97 Cr | +1.12% | — | +1.26% |
| company:9765 | Financial | 1.32% | ₹47.31 Cr | — | — | — |
| company:16531 | Financial | 1.32% | ₹47.17 Cr | — | — | — |
| Kotak Mahindra Bank Ltd. | Financial | 1.23% | ₹44.16 Cr | +0.56% | +2.51% | +1.89% |
| Kerala State | Others | 0.70% | ₹25.22 Cr | +0.57% | — | — |
| company:8137 | Services | 0.69% | ₹24.68 Cr | — | — | — |
| Bank Of Baroda | Financial | 0.68% | ₹24.34 Cr | +0.56% | +1.28% | +3.15% |
| Canara Bank | Financial | 0.68% | ₹24.33 Cr | +2.15% | +1.31% | +1.89% |
| Axis Bank Ltd. | Financial | 0.68% | ₹24.26 Cr | — | +1.26% | +1.28% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 0.67% | ₹24.18 Cr | +1.09% | +1.26% | +1.26% |
| Punjab National Bank | Financial | 0.67% | ₹24.14 Cr | +0.54% | +1.30% | +4.41% |
| Others | Others | 0.45% | ₹16.04 Cr | +0.59% | +0.68% | +0.53% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Bharti Telecom Ltd. | 4.13% | 0.00% | -4.13% |
| company:9822 | 0.00% | 3.37% | +3.37% |
| Bajaj Housing Finance Ltd. | 2.76% | 0.00% | -2.76% |
| HDFC Bank Ltd. | 0.70% | 2.02% | +1.33% |
| company:9765 | 0.00% | 1.32% | +1.32% |
| company:16531 | 0.00% | 1.32% | +1.32% |
| Small Industries Devp. Bank of India Ltd. | 1.40% | 0.67% | -0.73% |
| Cholamandalam Investment and Finance Company Ltd. | 1.40% | 0.67% | -0.73% |
| company:8137 | 0.00% | 0.69% | +0.69% |
| Bank Of Baroda | 1.35% | 0.68% | -0.67% |
| Kotak Mahindra Bank Ltd. | 0.69% | 1.23% | +0.54% |
| Export-Import Bank Of India | 1.40% | 1.23% | -0.17% |
| Reserve Bank of India | 2.78% | 2.72% | -0.07% |
| ICICI Bank Ltd. | 2.77% | 2.71% | -0.06% |
| L&T Finance Ltd. | 2.74% | 2.68% | -0.06% |
| National Bank For Financing Infrastructure And Development | 2.75% | 2.69% | -0.06% |
| Embassy Office Parks REIT | 2.06% | 2.01% | -0.04% |
| Tamilnadu State | 1.45% | 1.41% | -0.04% |
| Indian Bank | 1.94% | 1.90% | -0.04% |
| Julius Baer Capital India Pvt Ltd. | 1.37% | 1.34% | -0.03% |
| Hero Housing Finance Ltd. | 1.38% | 1.35% | -0.03% |
| Union Bank of India | 1.38% | 1.35% | -0.03% |
| ICICI Securities Ltd. | 1.37% | 1.34% | -0.03% |
| Muthoot Finance Ltd. | 1.37% | 1.34% | -0.03% |
| National Bank For Agriculture & Rural Development | 1.38% | 1.35% | -0.03% |
| Aditya Birla Housing Finance Ltd. | 1.37% | 1.35% | -0.03% |
| Hero FinCorp Ltd. | 1.37% | 1.35% | -0.03% |
| 360 ONE Wealth Ltd. | 1.37% | 1.34% | -0.03% |
| Nuvama Wealth Finance Ltd. | 1.37% | 1.35% | -0.03% |
| Axis Bank Ltd. | 0.70% | 0.68% | -0.02% |
| Kerala State | 0.72% | 0.70% | -0.02% |
| Canara Bank | 0.69% | 0.68% | -0.02% |
| Punjab National Bank | 0.69% | 0.67% | -0.01% |
| Others | 0.29% | 0.29% | -0.01% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹21,840 Cr | 0.33% | 6.7% | 7.0% | 7.0% |
 Tata Money Market Fund | ₹34,511 Cr | 0.40% | 6.7% | 7.0% | 7.0% |
 Aditya Birla Sun Life Money Market Fund | ₹29,877 Cr | 0.37% | 6.8% | 7.0% | 7.1% |
 Axis Money Market Fund | ₹21,405 Cr | 0.35% | 6.7% | 7.0% | 7.1% |
 UTI Money Market Fund | ₹19,468 Cr | 0.24% | 6.7% | 7.1% | 7.1% |
 Franklin India Money Market Fund | ₹3,937 Cr | 0.28% | 6.7% | 7.0% | 7.0% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate reasonable returns with low risk and provide liquidity by investing in money market instruments.
Fund managers
- Pranavi KulkarniMs. Kulkarni is a BE Computer Science, MBA FinancePrior to joining Mirae Asset Mutual Fund, she has worked with Edelweiss Mutual Fund, CRISIL Ltd. and Yes Bank.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months3.46% absolute | ₹60,000 | ₹62,076 | 3.46% | |
| 1 year6.10% annualised | ₹1,20,000 | ₹1,24,040 | 3.37% | |
| 3 years7.04% annualised | ₹3,60,000 | ₹4,01,885 | 11.63% | |
| 5 years6.24% annualised | ₹6,00,000 | ₹7,05,671 | 17.61% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.