Mirae Asset Liquid Fund
The investment objective of the scheme is to seek to generate returns linked to short end rates like MIBOR and CBLO etc. and provide higher liquidity by investing in a portfolio of debt and money market instruments.
Growthvine rating: 2/5 — ranked #22 of 41 in category.
Fund basics
| Category | Debt: Liquid |
|---|---|
| NAV | ₹2932.99 (as of 2026-08-21) |
| AUM | ₹10,973 Cr |
| Expense ratio | 0.17% |
| Riskometer | Low to Moderate |
| Fund manager | Pranavi Kulkarni |
| Exit load | Exit load of 0.0070% if redeemed within 1 day. 0.0065% if redeemed within 2 days. 0.0060% if redeemed within 3 days. 0.0055% if redeemed within 4 days. 0.0050% if redeemed within 5 days. 0.0045% if redeemed within 6 days. |
Performance & risk
| 5-year annualised return | 6.16% |
|---|---|
| Sharpe ratio | 4.45 |
| Standard deviation | 0.20% |
| Max drawdown | -0.16% |
| Alpha | 0 |
| Beta | 0 |
Over 5 years, captured 97.5% of NIFTY Liquid Index's upside and — of its downside.
Market cap allocation
Concentration
Top holdings
Not disclosed.
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|---|---|---|
| 2026 (partial) | 4.1% | Q3 | #29 of 41 |
| 2025 | 6.5% | Q2 | #18 of 37 |
| 2024 | 7.3% | Q2 | #13 of 36 |
| 2023 | 7.0% | Q2 | #11 of 35 |
| 2022 | 4.8% | Q1 (Top) | #5 of 34 |