Mirae Asset Money Market Fund Overview
Category Money Market Fund
BMSMONEY Rank 10
BMSMONEY Rating
Gro. Opt. As On: 20-12-2024
NAV ₹1209.63(R) +0.02% ₹1224.56(D) +0.02%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 7.52% 6.17% -% -% -%
LumpSum (D) 7.88% 6.55% -% -% -%
SIP (R) -37.9% 1.52% -% -% -%
SIP (D) -37.68% 1.91% -% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
-1.48 -0.42 0.61 5.35% -0.81
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
0.47% 0.0% 0.0% 0.01 0.36%
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
Axis Money Market Fund 4

NAV Date: 20-12-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Money Market Fund Regular IDCW 1209.6
0.2600
0.0200%
Mirae Asset Money Market Fund Regular Growth 1209.63
0.2600
0.0200%
Mirae Asset Money Market Fund Direct IDCW 1222.54
0.2800
0.0200%
Mirae Asset Money Market Fund Direct Growth 1224.56
0.2800
0.0200%

Review Date: 20-12-2024

Mirae Asset Money Market Fund has shown 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 7.52% in 1 year and 6.17% in 3 years. The category average for the same periods is 7.33% and 6.22% respectively, which shows poor return performance of fund in the category. The fund has exhibited standard deviation of 0.47. The category average for the same parameter is 0.52 The fund has low risk in the category.
  • Sharpe ratio of the fund is -1.48 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 % 0.52
    0.51
    		0.44 | 0.54 10 | 22 Good
    3M Return % 1.77
    1.73
    		1.38 | 1.82 10 | 22 Good
    6M Return % 3.64
    3.52
    		2.80 | 3.69 8 | 22 Good
    1Y Return % 7.52
    7.33
    		6.07 | 7.75 9 | 22 Good
    3Y Return % 6.17
    6.22
    		5.31 | 6.65 11 | 18 Average
    1Y SIP Return % -37.90
    -38.03
    		-38.89 | -37.79 9 | 22 Good
    3Y SIP Return % 1.52
    1.55
    		0.71 | 1.94 11 | 18 Average
    Standard Deviation 0.47
    0.52
    		0.43 | 0.68 3 | 18 Very Good
    Semi Deviation 0.36
    0.42
    		0.34 | 0.58 3 | 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 -1.48
    -1.21
    		-2.83 | -0.47 13 | 18 Average
    Sterling Ratio 0.61
    0.61
    		0.50 | 0.66 11 | 18 Average
    Sortino Ratio -0.42
    -0.34
    		-0.65 | -0.15 13 | 18 Average
    Return data last Updated On : Dec. 20, 2024.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Nov. 29, 2024
    KPIs: Key Performance Indicators

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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.54 0.53 0.51 | 0.55 4 | 22
    3M Return % 1.85 1.81 1.49 | 1.87 3 | 22
    6M Return % 3.81 3.68 3.03 | 3.81 1 | 22
    1Y Return % 7.88 7.68 6.53 | 7.99 4 | 22
    3Y Return % 6.55 6.58 6.30 | 6.86 12 | 18
    1Y SIP Return % -37.68 -37.82 -38.60 | -37.66 2 | 22
    3Y SIP Return % 1.91 1.91 1.64 | 2.17 11 | 18
    Standard Deviation 0.47 0.52 0.43 | 0.68 3 | 18
    Semi Deviation 0.36 0.42 0.34 | 0.58 3 | 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 -1.48 -1.21 -2.83 | -0.47 13 | 18
    Sterling Ratio 0.61 0.61 0.50 | 0.66 11 | 18
    Sortino Ratio -0.42 -0.34 -0.65 | -0.15 13 | 18
    Return data last Updated On : Dec. 20, 2024.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Nov. 29, 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 0.13 ₹ 10,013.00
    1M 0.52 ₹ 10,052.00 0.54 ₹ 10,054.00
    3M 1.77 ₹ 10,177.00 1.85 ₹ 10,185.00
    6M 3.64 ₹ 10,364.00 3.81 ₹ 10,381.00
    1Y 7.52 ₹ 10,752.00 7.88 ₹ 10,788.00
    3Y 6.17 ₹ 11,967.00 6.55 ₹ 12,097.00
    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 -37.90 ₹ 9,359.74 -37.68 ₹ 9,376.56
    3Y ₹ 36000 1.52 ₹ 36,851.69 1.91 ₹ 37,070.21
    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
    20-12-2024 1209.6284 1224.5583
    19-12-2024 1209.3665 1224.282
    18-12-2024 1209.1758 1224.0783
    17-12-2024 1209.0109 1223.9006
    16-12-2024 1208.7574 1223.6334
    13-12-2024 1208.1085 1222.9444
    12-12-2024 1208.0875 1222.9124
    11-12-2024 1208.0275 1222.841
    10-12-2024 1207.8439 1222.6445
    09-12-2024 1207.6685 1222.4563
    06-12-2024 1207.0339 1221.7819
    05-12-2024 1206.7288 1221.4623
    04-12-2024 1206.392 1221.1108
    03-12-2024 1206.1423 1220.8474
    02-12-2024 1205.949 1220.641
    29-11-2024 1205.2411 1219.8925
    28-11-2024 1204.9309 1219.5679
    27-11-2024 1204.7584 1219.3826
    26-11-2024 1204.5001 1219.1106
    25-11-2024 1204.2702 1218.8672
    22-11-2024 1203.6117 1218.1688
    21-11-2024 1203.3839 1217.9276

    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.