Mirae Asset Money Market Fund Overview
Category Money Market Fund
BMSMONEY Rank 10
BMSMONEY Rating
Gro. Opt. As On: 19-11-2024
NAV ₹1202.98(R) +0.02% ₹1217.5(D) +0.02%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 7.51% 6.07% -% -% -%
LumpSum (D) 7.88% 6.46% -% -% -%
SIP (R) -23.69% 3.28% -% -% -%
SIP (D) -23.43% 3.66% -% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
-1.58 -0.44 0.6 5.25% -0.8
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
0.48% 0.0% 0.0% 0.01 0.37%
Top Money Market Fund
Fund Name Rank Rating
Aditya Birla Sun Life Money Manager Fund 1
Nippon India Money Market Fund 2
Uti Money Market Fund 3
Tata Money Market Fund 4

NAV Date: 19-11-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Money Market Fund Regular IDCW 1202.96
0.2000
0.0200%
Mirae Asset Money Market Fund Regular Growth 1202.98
0.2000
0.0200%
Mirae Asset Money Market Fund Direct IDCW 1215.5
0.2100
0.0200%
Mirae Asset Money Market Fund Direct Growth 1217.5
0.2100
0.0200%

Review Date: 19-11-2024

Mirae Asset Money Market Fund has exhibited average performance in the Money Market Fund category. The fund has rank of 10 out of 18 funds in the category. The fund has delivered return of 7.51% in 1 year and 6.07% in 3 years. The category average for the same periods is 7.32% and 6.13% respectively, which shows poor return performance of fund in the category. The fund has exhibited standard deviation of 0.48. The category average for the same parameter is 0.53 The fund has low risk in the category.
  • Sharpe ratio of the fund is -1.58 which shows average performance of fund in the money market fund category.


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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.57
    0.55
    		0.42 | 0.57 8 | 22 Good
    3M Return % 1.85
    1.79
    		1.37 | 1.88 9 | 22 Good
    6M Return % 3.66
    3.54
    		2.77 | 3.72 9 | 22 Good
    1Y Return % 7.51
    7.32
    		6.07 | 7.73 9 | 22 Good
    3Y Return % 6.07
    6.13
    		5.23 | 6.57 11 | 18 Average
    1Y SIP Return % -23.69
    -23.85
    		-24.89 | -23.56 9 | 22 Good
    3Y SIP Return % 3.28
    3.31
    		2.50 | 3.71 11 | 18 Average
    Standard Deviation 0.48
    0.53
    		0.45 | 0.68 2 | 18 Very Good
    Semi Deviation 0.37
    0.42
    		0.35 | 0.58 2 | 18 Very Good
    Max Drawdown % 0.00
    -0.05
    		-0.40 | 0.00 12 | 18 Average
    Average Drawdown % 0.00
    -0.05
    		-0.40 | 0.00 12 | 18 Average
    Sharpe Ratio -1.58
    -1.29
    		-2.88 | -0.55 13 | 18 Average
    Sterling Ratio 0.60
    0.60
    		0.50 | 0.65 11 | 18 Average
    Sortino Ratio -0.44
    -0.36
    		-0.65 | -0.18 13 | 18 Average
    Return data last Updated On : Nov. 19, 2024.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Oct. 31, 2024
    KPIs: Key Performance Indicators

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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.59 0.57 0.45 | 0.59 1 | 22
    3M Return % 1.93 1.87 1.48 | 1.93 1 | 22
    6M Return % 3.83 3.70 2.99 | 3.83 1 | 22
    1Y Return % 7.88 7.67 6.53 | 7.97 3 | 22
    3Y Return % 6.46 6.49 6.20 | 6.77 12 | 18
    1Y SIP Return % -23.43 -23.59 -24.56 | -23.39 2 | 22
    3Y SIP Return % 3.66 3.68 3.39 | 3.94 11 | 18
    Standard Deviation 0.48 0.53 0.45 | 0.68 2 | 18
    Semi Deviation 0.37 0.42 0.35 | 0.58 2 | 18
    Max Drawdown % 0.00 -0.05 -0.40 | 0.00 12 | 18
    Average Drawdown % 0.00 -0.05 -0.40 | 0.00 12 | 18
    Sharpe Ratio -1.58 -1.29 -2.88 | -0.55 13 | 18
    Sterling Ratio 0.60 0.60 0.50 | 0.65 11 | 18
    Sortino Ratio -0.44 -0.36 -0.65 | -0.18 13 | 18
    Return data last Updated On : Nov. 19, 2024.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Oct. 31, 2024
    KPIs: Key Performance Indicators

    Investment Period Regular Direct
    Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
    1D 0.02 ₹ 10,002.00 0.02 ₹ 10,002.00
    1W 0.13 ₹ 10,013.00 0.14 ₹ 10,014.00
    1M 0.57 ₹ 10,057.00 0.59 ₹ 10,059.00
    3M 1.85 ₹ 10,185.00 1.93 ₹ 10,193.00
    6M 3.66 ₹ 10,366.00 3.83 ₹ 10,383.00
    1Y 7.51 ₹ 10,751.00 7.88 ₹ 10,788.00
    3Y 6.07 ₹ 11,934.00 6.46 ₹ 12,065.00
    5Y ₹ ₹
    7Y ₹ ₹
    10Y ₹ ₹
    15Y ₹ ₹

    Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.

    Investment Period Invested Amount Regular Direct
    XIRR % Current Value of Invested Amount XIRR % Current Value of Invested Amount
    1Y ₹ 12000 -23.69 ₹ 10,391.96 -23.43 ₹ 10,410.48
    3Y ₹ 36000 3.28 ₹ 37,853.78 3.66 ₹ 38,074.79
    5Y ₹ 60000 ₹ ₹
    7Y ₹ 84000 ₹ ₹
    10Y ₹ 120000 ₹ ₹
    15Y ₹ 180000 ₹ ₹


    Date Mirae Asset Money Market Fund NAV Regular Growth Mirae Asset Money Market Fund NAV Direct Growth
    19-11-2024 1202.9829 1217.5005
    18-11-2024 1202.784 1217.2886
    14-11-2024 1201.919 1216.371
    13-11-2024 1201.6601 1216.0986
    12-11-2024 1201.4099 1215.8348
    11-11-2024 1201.2055 1215.6174
    08-11-2024 1200.5237 1214.896
    07-11-2024 1200.3054 1214.6645
    06-11-2024 1200.0453 1214.3908
    05-11-2024 1199.8087 1214.1408
    04-11-2024 1199.496 1213.8139
    31-10-2024 1198.5269 1212.7908
    30-10-2024 1198.2316 1212.4815
    29-10-2024 1197.9962 1212.2328
    28-10-2024 1197.7472 1211.9703
    25-10-2024 1197.0764 1211.2602
    24-10-2024 1196.8575 1211.0282
    23-10-2024 1196.6135 1210.7709
    22-10-2024 1196.4138 1210.5583
    21-10-2024 1196.1944 1210.3259

    Fund Launch Date: 08/Dec/2021
    Fund Category: Money Market Fund
    Investment Objective: The investment objective of the scheme is to generate reasonable returns with low risk and provide liquidity by investing in money market instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be realized.
    Fund Description: An Open ended debt scheme investing in money market instruments
    Fund Benchmark: Nifty Money Market Index
    Source: Fund FactSheet

    Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.