Mirae Asset Money Market Fund Datagrid
Category Money Market Fund
BMSMONEY Rank 14
Rating
Growth Option 29-07-2026
NAV ₹1344.58(R) 0.0% ₹1368.33(D) 0.0%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular 5.9% 7.01% -% -% -%
Direct 6.24% 7.37% -% -% -%
Benchmark
SIP (XIRR) Regular 6.22% 2.95% -% -% -%
Direct 6.56% 3.29% -% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
2.15 1.43 0.71 0.76% 0.07
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
0.56% 0.0% 0.0% 0.2 0.37%
Fund AUM As on: 30/12/2025 3334 Cr
Top Money Market Fund
Fund Name Rank Rating
UTI Money Market Fund 1
Axis Money Market Fund 2
Tata Money Market Fund 3
Aditya Birla Sun Life Money Manager Fund 4
Kotak Money Market Fund 5

NAV Date: 29-07-2026

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Money Market Fund Regular IDCW 1344.57
0.0300
0.0000%
Mirae Asset Money Market Fund Regular Growth 1344.58
0.0300
0.0000%
Mirae Asset Money Market Fund Direct IDCW 1366.08
0.0500
0.0000%
Mirae Asset Money Market Fund Direct Growth 1368.33
0.0500
0.0000%

Review Date: 29-07-2026

Beginning of Analysis

In the Money Market Fund category, Mirae Asset Money Market Fund is the 11th ranked fund. The category has total 20 funds. The Mirae Asset Money Market Fund has shown an average past performence in Money Market Fund. The fund has a Jensen Alpha of 0.76% which is higher than the category average of 0.69%. Here the fund has shown good performance in terms of risk adjusted returns. The fund has a Sharpe Ratio of 2.15 which is higher than the category average of 2.1.
The past performance of the fund may or may not be sustained in the future. The review is not investment advice nor is it a recommendation to buy or sell funds. The ranking is based on proprietary methodology developed by bmsmoney. The methodology is based on the past performance of the funds and does not guarantee future performance.
Money Market Mutual Funds are ideal for investors seeking a safe, liquid, and low-risk investment option for short-term cash management. These funds invest in high-quality, short-term money market instruments with a maturity of up to 1 year, offering quick redemption (within 1 business day) and stable returns. While they provide better returns than savings accounts, they may underperform compared to other debt funds with longer maturities. Investors should consider their liquidity needs, risk tolerance, and investment horizon before investing in Money Market Funds. Additionally, the absence of a lock-in period makes them a flexible choice for managing short-term financial goals.

Mirae Asset Money Market Fund Return Analysis

  • The fund has given a return of 0.49%, 1.73 and 3.36 in last one, three and six months respectively. In the same period the category average return was 0.51%, 1.74% and 3.4% respectively.
  • Mirae Asset Money Market Fund has given a return of 6.24% in last one year. In the same period the Money Market Fund category average return was 6.34%.
  • The fund has given a return of 7.37% in last three years and ranked 7.0th out of twenty two funds in the category. In the same period the Money Market Fund category average return was 7.29%.
  • The fund has given a SIP return of 6.56% in last one year whereas category average SIP return is 6.67%. The fund one year return rank in the category is 21st in 24 funds
  • The fund has SIP return of 3.29% in last three years and ranks 11th in 22 funds. Tata Money Market Fund has given the highest SIP return (3.43%) in the category in last three years.

Mirae Asset Money Market Fund Risk Analysis

  • The fund has a standard deviation of 0.56 and semi deviation of 0.37. The category average standard deviation is 0.54 and semi deviation is 0.34.
  • The fund has a beta of 0.14 which shows that fund is less volatile than the benchmark.

Standard deviation measures the fund's return volatility and Semi deviation focuses on downside volatility. Value at Risk (VaR) is a measure of the risk of investments. Maximum Drawdown is the maximum loss from a peak to a trough of a portfolio. Beta measures the volatility of the fund compared to the benchmark. A beta of 1 indicates that the fund will move in line with the benchmark. A beta of more than 1 indicates that the fund will be more volatile than the benchmark and vice versa.


  • Very Good Performance in Money Market Fund Category
  • Good Performance in Money Market Fund Category
  • Poor Performance in Money Market Fund Category
  • Very Poor Performance in Money Market Fund Category

    • Investors beware: Mutual Fund investments are subject to market risks. Please read the scheme related documents carefully.

    Data Source: www.amfiindia.com

    SEBI Categorization


    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.46
    0.48
    		0.42 | 0.52 18 | 25 Average
    3M Return % 1.65
    1.66
    		1.46 | 1.76 16 | 25 Average
    6M Return % 3.20
    3.23
    		2.68 | 3.42 18 | 25 Average
    1Y Return % 5.90
    6.01
    		5.17 | 6.22 18 | 23 Average
    3Y Return % 7.01
    6.94
    		6.16 | 7.27 11 | 22 Good
    1Y SIP Return % 6.22
    6.34
    		5.52 | 6.55 19 | 23 Poor
    3Y SIP Return % 2.95
    2.93
    		2.15 | 3.21 14 | 22 Average
    Standard Deviation 0.56
    0.54
    		0.46 | 0.58 19 | 21 Poor
    Semi Deviation 0.37
    0.34
    		0.27 | 0.39 19 | 21 Poor
    Sharpe Ratio 2.15
    2.10
    		0.70 | 2.65 13 | 21 Average
    Sterling Ratio 0.71
    0.70
    		0.62 | 0.73 11 | 21 Good
    Sortino Ratio 1.43
    1.48
    		0.37 | 1.97 14 | 21 Average
    Jensen Alpha % 0.76
    0.69
    		-0.06 | 0.98 11 | 21 Good
    Treynor Ratio 0.07
    0.07
    		0.03 | 0.08 14 | 21 Average
    Modigliani Square Measure % 1.69
    1.66
    		0.55 | 2.09 13 | 21 Average
    Alpha % -0.79
    -0.89
    		-1.65 | -0.55 10 | 21 Good
    Return data last Updated On : July 29, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : June 30, 2026
    KPIs: Key Performance Indicators

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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.49 0.51 0.47 | 0.53 24 | 26 Poor
    3M Return % 1.73 1.74 1.62 | 1.81 20 | 26 Average
    6M Return % 3.36 3.40 2.98 | 3.55 19 | 26 Average
    1Y Return % 6.24 6.34 6.19 | 6.54 22 | 24 Poor
    3Y Return % 7.37 7.29 6.78 | 7.51 7 | 22 Good
    1Y SIP Return % 6.56 6.67 6.50 | 6.95 21 | 24 Poor
    3Y SIP Return % 3.29 3.26 2.93 | 3.43 11 | 22 Good
    Standard Deviation 0.56 0.54 0.46 | 0.58 19 | 21 Poor
    Semi Deviation 0.37 0.34 0.27 | 0.39 19 | 21 Poor
    Sharpe Ratio 2.15 2.10 0.70 | 2.65 13 | 21 Average
    Sterling Ratio 0.71 0.70 0.62 | 0.73 11 | 21 Good
    Sortino Ratio 1.43 1.48 0.37 | 1.97 14 | 21 Average
    Jensen Alpha % 0.76 0.69 -0.06 | 0.98 11 | 21 Good
    Treynor Ratio 0.07 0.07 0.03 | 0.08 14 | 21 Average
    Modigliani Square Measure % 1.69 1.66 0.55 | 2.09 13 | 21 Average
    Alpha % -0.79 -0.89 -1.65 | -0.55 10 | 21 Good
    Return data last Updated On : July 29, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : June 30, 2026
    KPIs: Key Performance Indicators

    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.


    Date Mirae Asset Money Market Fund NAV Regular Growth Mirae Asset Money Market Fund NAV Direct Growth
    29-07-2026 1344.5792 1368.3328
    28-07-2026 1344.546 1368.2872
    27-07-2026 1344.227 1367.9508
    24-07-2026 1343.2535 1366.9245
    23-07-2026 1342.8942 1366.5471
    22-07-2026 1342.6103 1366.2463
    21-07-2026 1342.5812 1366.2048
    20-07-2026 1341.9185 1365.5184
    17-07-2026 1341.6432 1365.2024
    16-07-2026 1340.9455 1364.4805
    15-07-2026 1340.3807 1363.8938
    14-07-2026 1340.1577 1363.655
    13-07-2026 1340.9947 1364.4946
    10-07-2026 1340.6888 1364.1475
    09-07-2026 1340.3961 1363.8376
    08-07-2026 1339.6844 1363.1016
    07-07-2026 1340.3929 1363.8105
    06-07-2026 1341.254 1364.6747
    03-07-2026 1340.8249 1364.2022
    02-07-2026 1340.9148 1364.2817
    01-07-2026 1340.1171 1363.4581
    30-06-2026 1339.1911 1362.5038
    29-06-2026 1338.3995 1361.6859

    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.