Mirae Asset Money Market Fund
The scheme seeks to generate reasonable returns with low risk and provide liquidity by investing in money market instruments.
Growthvine rating: 3/5 — ranked #13 of 27 in category.
Fund basics
| Category | Debt: Money Market |
|---|---|
| NAV | ₹1356.55 (as of 2026-09-11) |
| AUM | ₹3,814 Cr |
| Expense ratio | 0.35% |
| Riskometer | Moderate |
| Fund manager | Pranavi Kulkarni |
| Exit load | 0 |
Performance & risk
| 5-year annualised return | 6.19% |
|---|---|
| Sharpe ratio | 1.9 |
| Standard deviation | 0.56% |
| Max drawdown | -0.16% |
| Alpha | 0 |
| Beta | 0 |
Over 5 years, captured 94.6% of NIFTY Money Market 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) | 4.4% | Q4 (Bottom) | #21 of 26 |
| 2025 | 7.2% | Q3 | #15 of 24 |
| 2024 | 7.5% | Q2 | #11 of 24 |
| 2023 | 6.8% | Q4 (Bottom) | #18 of 22 |
| 2022 | 4.4% | Q3 | #12 of 19 |