Mirae Asset Money Market Fund

Money MarketDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

Mirae Asset Money Market Fund is a Money Market fund run by Mirae Asset Mutual Fund. On 30-09-2026, it managed ₹2,452 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 7.3% a year and its Regular plan returned 7.0% a year. Its benchmark, NIFTY Money Market Index A-I, returned 7.1% a year over the same 3 years.

NAV (Direct plan): ₹1,388.94; ▲ 0.01%30-10-2026
NAV (Regular plan): ₹1,363.76; ▲ 0.01%30-10-2026
Expense ratio: 0.11%Direct0.42%Regular; 0.11%; A year
Riskometer: Low to Moderate; Set by the fund house
3 year return: 7.3%Direct7.0%Regular; 7.3%; A year

Mirae Asset Money Market Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹1,388.94 (up 0.01% that day); Regular Plan Growth ₹1,363.76 (up 0.01% that day).

This fund (Direct plan)

₹1,388.9411

Mirae Asset Money Market Fund Returns vs NIFTY Money Market Index A-I

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	+0.32%	+1.49%	+3.29%	+6.26%	+7.31%	+6.65%	--
This fund (Regular)	+0.29%	+1.42%	+3.12%	+5.92%	+6.96%	+6.28%	--
NIFTY Money Market Index A-I	+0.51%	+1.59%	+3.58%	+6.50%	+7.12%	+6.47%	--
Money Market average	+0.33%	+1.49%	+3.29%	+6.35%	+7.24%	+6.68%	--
Best in Money Market	+0.38%	+1.57%	+3.37%	+6.57%	+7.44%	+6.90%	--
Worst in Money Market	+0.30%	+1.41%	+3.11%	+6.17%	+6.73%	+6.50%	--
Rank in Money Market	14/27	14/27	16/27	22/25	7/23	12/19	--

Category rows compare the Direct plans of 27 Money Market funds. Rank 1 is the highest return. The benchmark row is as on 30-09-2026, as NSE published it.

Mirae Asset Money Market Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+5.18%	+4.91%
2025	+7.59%	+7.23%
2024	+7.89%	+7.52%
2023	+7.15%	+6.75%
2022	+4.76%	+4.37%

Mirae Asset Money Market Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 538 periods, one for each trading day from 12-08-2024 to 30-10-2026.

0%2%4%6%8%

Oct 2021
to
Oct 2024Mar 2022
to
Mar 2025Jul 2022
to
Jul 2025Dec 2022
to
Dec 2025Apr 2023
to
Apr 2026Aug 2023
to
Aug 2026

Mirae Asset Money Market Fund (Direct)Category average, 27 Money Market funds

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	1,019	7.2%	3.9%	8.6%	0%	7.4%	58%
2 years	775	7.3%	5.2%	8.1%	0%	7.3%	55%
3 years	538	7.4%	6.0%	7.6%	0%	7.3%	66%
5 years	52	6.6%	6.5%	6.7%	0%	6.6%	65%

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	51	7.1%	4.1%	8.7%	0%	7.3%	57%
2 years	39	7.4%	6.0%	8.3%	0%	7.4%	62%
3 years	27	7.3%	6.9%	8.0%	0%	7.3%	96%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 27 Money Market funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.

Mirae Asset Money Market Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	Mirae Asset Money Market Fund (Direct)This fund	Category average
Return (CAGR)	+6.26%	+6.32%
Standard deviation	0.53%	0.50%
Sharpe ratio	1.93	2.14
Sortino ratio	3.03	3.45
Maximum drawdown	−0.15% (22-05-2026)	−0.14% (22-05-2026)

From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	Mirae Asset Money Market Fund (Direct)This fund	Category average
Return (CAGR)	+7.31%	+7.23%
Standard deviation	0.43%	0.41%
Sharpe ratio	3.01	2.91
Sortino ratio	5.54	5.45
Maximum drawdown	−0.15% (22-05-2026)	−0.14% (22-05-2026)

From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	Mirae Asset Money Market Fund (Direct)This fund	Category average
Return (CAGR)	+6.65%	+6.64%
Standard deviation	0.38%	0.39%
Sharpe ratio	2.23	2.18
Sortino ratio	4.14	3.90
Maximum drawdown	−0.15% (22-05-2026)	−0.23% (06-05-2022)

From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	Mirae Asset Money Market Fund (Direct)This fund	Category average
Return (CAGR)	+6.50%	+6.50%
Standard deviation	0.38%	0.38%
Sharpe ratio	2.14	2.13
Sortino ratio	3.97	3.81
Maximum drawdown	−0.15% (22-05-2026)	−0.23% (06-05-2022)

From daily NAVs, 12-08-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Drawdowns

How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.

−0.3%−0.2%−0.1%0%

20222023202420252026

Mirae Asset Money Market Fund (Direct)Category average, 27 Money Market funds

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Mirae Asset Money Market Fund (Direct)	−0.15%	11-05-2026	22-05-2026	01-06-2026	10 days	0.0%
Category average	−0.23%	02-05-2022	06-05-2022	30-05-2022	24 days	0.0%

From the Direct plan's daily NAV since 12-08-2021, adjusted for unit splits, and the average of the 27 Money Market funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

Mirae Asset Money Market Fund vs Other Money Market Funds

The five Money Market funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
Tata Money Market Fund	1/23	31,690	0.18%	+6.45%	+7.44%	--	--	3.36	6.53	Compare
Axis Money Market Fund	2/23	19,012	0.18%	+6.43%	+7.37%	--	--	3.20	6.13	Compare
Bandhan Money Market Fund	3/23	13,129	0.11%	+6.46%	+7.34%	--	--	3.16	5.98	Compare
Aditya Birla Sun Life Money Market Fund	4/23	26,943	0.22%	+6.36%	+7.33%	--	--	3.05	5.61	Compare
Franklin India Money Market Fund	4/23	3,887	0.14%	+6.43%	+7.33%	--	--	3.12	5.97	Compare
Mirae Asset Money Market Fund	7/23	2,452	0.11%	+6.26%	+7.31%	--	--	3.01	5.54

AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

Mirae Asset Money Market Fund Expense Ratio and Costs

What each plan charges a year, in force from 01-09-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Money Market median	Cost rank (1 = cheapest)
Direct	0.09%	0.01%	0.00%	0.01%	0.11%	0.17%	1/27
Regular	0.35%	0.01%	0.00%	0.06%	0.42%	0.40%	19/27

The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Money Market funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	5.92%	6.26%	0.34%	₹1,05,920	₹1,06,260
3 years	6.96%	7.31%	0.35% a year	₹1,22,367	₹1,23,572
5 years	6.28%	6.65%	0.37% a year	₹1,35,599	₹1,37,976

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

Mirae Asset Money Market Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 12-08-2021 to 30-10-2026: 63 instalments, ₹6,30,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planMirae Asset Money Market Fund (Direct)	₹6,30,000	₹7,57,810	₹1,27,810	7.0%
Regular planMirae Asset Money Market Fund (Regular)	₹6,30,000	₹7,50,673	₹1,20,673	6.6%
Category averageCategory average, 27 Money Market funds	₹6,30,000	₹7,57,431	₹1,27,431	7.0%

₹0₹2.0 L₹4.0 L₹6.0 L₹8.0 L

20222023202420252026

Direct planMirae Asset Money Market Fund (Direct)Regular planMirae Asset Money Market Fund (Regular)Category averageCategory average, 27 Money Market fundsAmount invested

From each plan's published NAV (Growth option) and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.

Mirae Asset Money Market Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

119.1%Debt

Asset	Fund	Category
Debt	119.1%	99.5%
Cash and others	−19.1%	3.0%

Cash and others is below 0: on that day the fund owed more in payments due than it held in cash.

Credit rating

Bonds and money market papers by credit rating, % of the fund. Category: the average of 27 Money Market funds.

Rating	Fund	Category
Sovereign	20.1%	10.6%
AAA and A1+	99.1%	88.8%

Mirae Asset Money Market Fund Portfolio Holdings

As on 30-09-2026 · 52 holdings · from the fund house's monthly portfolio

Holdings	Rating	Weight%
364 Days Treasury Bills (MD 11/02/2027) · Government security	Sovereign	11.98%
Kotak Mahindra Bank Ltd. (MD 05/03/2027)	CRISIL A1+	6.94%
National Bank for Agriculture and Rural Development (MD 17/03/2027) · Certificate of deposit	CRISIL A1+	6.92%
Punjab National Bank (MD 04/03/2027) · Certificate of deposit	CRISIL A1+	4.96%
Bajaj Auto Credit Ltd. (MD 22/02/2027) · Commercial paper	CRISIL A1+	4.96%
364 Days Treasury Bills (MD 19/02/2027) · Government security	Sovereign	3.99%
National Bank for Financing Infrastructure and Development (MD 04/03/2027) · Certificate of deposit	IND A1+	3.96%
L&T Finance Ltd. (MD 10/06/2027) · Commercial paper	CRISIL A1+	3.87%
HDFC Bank Ltd. (MD 24/02/2027) · Certificate of deposit	CRISIL A1+	2.98%
National Bank for Agriculture and Rural Development (MD 10/03/2027) · Certificate of deposit	CRISIL A1+	2.97%
Embassy Office Parks Reit (MD 23/03/2027) · Commercial paper	CRISIL A1+	2.96%
Small Industries Development Bank of India (MD 11/06/2027) · Certificate of deposit	CRISIL A1+	2.91%
Indian Bank (MD 22/01/2027) · Certificate of deposit	CRISIL A1+	2.80%
7.74% State Government of Tamil Nadu (MD 01/03/2027) · State government security	Sovereign	2.05%
Small Industries Development Bank of India (MD 14/01/2027) · Certificate of deposit	CRISIL A1+	2.00%
Small Industries Development Bank of India (MD 09/02/2027) · Certificate of deposit	CRISIL A1+	1.99%
Union Bank of India (MD 22/02/2027) · Certificate of deposit	[ICRA]A1+	1.99%
Arka Fincap Ltd. (MD 29/01/2027) · Commercial paper	CRISIL A1+	1.99%
National Bank for Agriculture and Rural Development (MD 26/02/2027) · Certificate of deposit	CRISIL A1+	1.98%
Hero Housing Finance Ltd. (MD 25/02/2027) · Commercial paper	CRISIL A1+	1.98%
Bank of Baroda (MD 05/03/2027) · Certificate of deposit	IND A1+	1.98%
Hero FinCorp Ltd. (MD 15/02/2027) · Commercial paper	CRISIL A1+	1.98%
Nuvama Wealth Finance Ltd. (MD 05/02/2027) · Commercial paper	CRISIL A1+	1.98%
REC Ltd. (MD 08/03/2027) · Commercial paper	CRISIL A1+	1.98%
Aditya Birla Housing Finance Ltd. (MD 09/03/2027) · Commercial paper	CRISIL A1+	1.98%
Julius Baer Capital (India) Pvt. Ltd. (MD 26/02/2027) · Commercial paper	CRISIL A1+	1.98%
Muthoot Finance Ltd. (MD 02/03/2027) · Commercial paper	CRISIL A1+	1.98%
National Bank for Agriculture and Rural Development (MD 18/03/2027) · Certificate of deposit	CRISIL A1+	1.98%
L&T Finance Ltd. (MD 19/03/2027) · Commercial paper	CRISIL A1+	1.97%
ICICI Securities Ltd. (MD 23/03/2027) · Commercial paper	CRISIL A1+	1.97%
360 One Prime Ltd. (MD 11/03/2027) · Commercial paper	CRISIL A1+	1.97%
Infina Finance Pvt. Ltd. (MD 14/05/2027) · Commercial paper	CRISIL A1+	1.94%
Arka Fincap Ltd. (MD 27/05/2027) · Commercial paper	CRISIL A1+	1.93%
Small Industries Development Bank of India (MD 03/09/2027) · Certificate of deposit	CRISIL A1+	1.91%
7.77% State Government of Kerala (MD 01/03/2027) · State government security	Sovereign	1.03%
Kotak Mahindra Bank Ltd. (MD 08/01/2027)	CRISIL A1+	1.00%
National Bank for Agriculture and Rural Development (MD 14/01/2027) · Certificate of deposit	CRISIL A1+	1.00%
Bank of Baroda (MD 25/01/2027) · Certificate of deposit	IND A1+	1.00%
182 Days Treasury Bills (MD 26/02/2027) · Government security	Sovereign	1.00%
Kotak Mahindra Bank Ltd. (MD 12/02/2027)	CRISIL A1+	1.00%
Axis Bank Ltd. (MD 12/02/2027)	CRISIL A1+	0.99%
Cholamandalam Investment & Finance Co. Ltd. (MD 15/02/2027) · Commercial paper	CRISIL A1+	0.99%
ICICI Bank Ltd. (MD 08/03/2027)	[ICRA]A1+	0.99%
Bank of Baroda (MD 08/03/2027) · Certificate of deposit	IND A1+	0.99%
Small Industries Development Bank of India (MD 25/03/2027) · Certificate of deposit	CRISIL A1+	0.99%
Indian Bank (MD 15/06/2027) · Certificate of deposit	CRISIL A1+	0.97%
Indian Bank (MD 21/06/2027) · Certificate of deposit	CRISIL A1+	0.97%
Small Industries Development Bank of India (MD 11/08/2027) · Certificate of deposit	CRISIL A1+	0.96%
Small Industries Development Bank of India (MD 20/08/2027) · Certificate of deposit	CRISIL A1+	0.96%
Corporate Debt Market Development Fund - Class A2		0.42%
Punjab National Bank (MD 12/03/2027) · Certificate of deposit	CRISIL A1+	0.40%
Indian Bank (MD 12/01/2027) · Certificate of deposit	CRISIL A1+	0.20%

Mirae Asset Money Market Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
HSBC Money Market FundMoney Market · HSBC	19.4%	19	Compare
Nippon India Money Market FundMoney Market · Nippon India	17.6%	23	Compare
Bajaj Finserv Money Market FundMoney Market · Bajaj Finserv	17.4%	12	Compare
DSP Money Market FundMoney Market · DSP	16.6%	20	Compare
Sundaram Money Market FundMoney Market · Sundaram	15.4%	8	Compare
JioBlackRock Money Market FundMoney Market · Jio BlackRock	14.7%	10	Compare
Baroda BNP Paribas Money Market FundMoney Market · Baroda BNP Paribas	14.7%	12	Compare
UTI - Money Market FundMoney Market · UTI	14.4%	16	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

Mirae Asset Money Market Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 0.11%
Expense ratio (Regular): 0.42%
Category: Money Market
Risk: Low to Moderate
Benchmark: NIFTY Money Market Index A-I
Launch date: 11-08-2021
Minimum investment: ₹5,000
Minimum additional investment: ₹1,000
AUM: ₹2,451.64 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 149112
ISIN (Direct): INF769K01HN8
Scheme code (Regular): 149115
ISIN (Regular): INF769K01HK4
NAV history: From 12-08-2021, 5.2 years

Exit load: NIL

Tax on Mirae Asset Money Market Fund returns

Mirae Asset Money Market Fund is taxed as a debt fund: 65% or more of it is in bonds and money market papers.
For units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold the units.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹1,388.9411	30-10-2026
direct	IDCW	₹1,386.657	30-10-2026
direct	Weekly IDCW	₹1,362.8147	29-10-2026
regular	Growth	₹1,363.7643	30-10-2026
regular	IDCW	₹1,363.7559	30-10-2026

About Mirae Asset Money Market Fund

Mirae Asset Money Market Fund is a mutual fund from Mirae Asset Mutual Fund. Its category is Money Market. It was launched on 11-08-2021. Its benchmark is NIFTY Money Market Index A-I. At the end of September 2026 it held 52 securities.

Fund Manager

Pranavi Kulkarni
Fund manager of Mirae Asset Money Market Fund, since 05-02-2026

See all funds of Mirae Asset Mutual Fund

AUM change

September 2026: ₹2,451.64 Cr; −31.64% from August 2026
August 2026: ₹3,586.50 Cr; +2.87% from July 2026
July 2026: ₹3,486.27 Cr; −8.60% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare Mirae Asset Money Market Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

Mirae Asset Money Market vs Tata Money MarketMoney Market
Mirae Asset Money Market vs Axis Money MarketMoney Market
Mirae Asset Money Market vs Bandhan Money MarketMoney Market
Mirae Asset Money Market vs Aditya Birla Sun Life Money MarketMoney Market
Mirae Asset Money Market vs Franklin India Money MarketMoney Market
Mirae Asset Money Market vs HSBC Money Market19.4% overlap
Mirae Asset Money Market vs Nippon India Money Market17.6% overlap
Mirae Asset Money Market vs Bajaj Finserv Money Market17.4% overlap

Compare with any other fund

Frequently Asked Questions for Mirae Asset Money Market Fund

What is the current NAV of Mirae Asset Money Market Fund?

The Direct plan NAV is ₹1,388.9411. The Regular plan NAV is ₹1,363.7643, as on 30-10-2026.

What are the returns of Mirae Asset Money Market Fund?

The Direct plan returned +6.26% in 1 year, +7.31% a year over 3 years, +6.65% a year over 5 years. The Regular plan returned +5.92% in 1 year, +6.96% a year over 3 years, +6.28% a year over 5 years. These figures are as on 30-10-2026.

What is the expense ratio of Mirae Asset Money Market Fund?

The Direct plan charges 0.11% a year. The Regular plan charges 0.42% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.

What is the AUM of Mirae Asset Money Market Fund?

Mirae Asset Money Market Fund managed ₹2,451.64 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Mirae Asset Money Market Fund?

At the end of September 2026 the largest holdings were 364 Days Treasury Bills (MD 11/02/2027) (11.98%), Kotak Mahindra Bank Ltd. (MD 05/03/2027) (6.94%), National Bank for Agriculture and Rural Development (MD 17/03/2027) (6.92%), Punjab National Bank (MD 04/03/2027) (4.96%), Bajaj Auto Credit Ltd. (MD 22/02/2027) (4.96%). The fund held 52 securities in all.

How do I invest in Mirae Asset Money Market Fund?

Through Mirae Asset Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹5,000. You can invest once or through a monthly SIP.

Who is the fund manager of Mirae Asset Money Market Fund?

Pranavi Kulkarni (since 05-02-2026).

What is the exit load of Mirae Asset Money Market Fund?

NIL

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.