Mirae Asset Money Market Fund Datagrid
Category Money Market Fund
BMSMONEY Rank 14
Rating
Growth Option 19-08-2026
NAV ₹1350.78(R) +0.02% ₹1374.9(D) +0.02%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular 6.07% 7.06% 6.18% -% -%
Direct 6.41% 7.42% 6.55% -% -%
Benchmark
SIP (XIRR) Regular -24.35% -0.73% 3.44% -% -%
Direct -24.08% -0.39% 3.81% -% -%
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
- 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: 19-08-2026

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Money Market Fund Regular IDCW 1350.77
0.2300
0.0200%
Mirae Asset Money Market Fund Regular Growth 1350.78
0.2300
0.0200%
Mirae Asset Money Market Fund Direct IDCW 1372.63
0.2400
0.0200%
Mirae Asset Money Market Fund Direct Growth 1374.9
0.2400
0.0200%

Review Date: 19-08-2026

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 3 star rating shows an average past performance of the Mirae Asset Money Market Fund 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

  • Mirae Asset Money Market Fund has given a return of 6.41% in last one year. In the same period the Money Market Fund category average return was 6.5%.
  • The fund has given a return of 7.42% in last three years and ranked 6.0th out of twenty funds in the category. In the same period the Money Market Fund category average return was 7.32%.
  • The fund has given a return of 6.55% in last five years and ranked 10th out of fifteen funds in the category. In the same period the Money Market Fund category average return was 6.58%.
  • The fund has given a SIP return of -24.08% in last one year whereas category average SIP return is -24.02%. The fund one year return rank in the category is 19th in 22 funds
  • The fund has SIP return of -0.39% in last three years and ranks 10th in 20 funds. Tata Money Market Fund has given the highest SIP return (-0.26%) in the category in last three years.
  • The fund has SIP return of 3.81% in last five years whereas category average SIP return is 3.82%.

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 % 0.66
    0.65
    		0.56 | 0.68 9 | 23 Good
    3M Return % 2.00
    1.98
    		1.70 | 2.09 13 | 23 Average
    1Y Return % 6.07
    6.16
    		5.34 | 6.38 16 | 21 Average
    3Y Return % 7.06
    6.97
    		6.21 | 7.29 10 | 20 Good
    5Y Return % 6.18
    6.25
    		5.35 | 6.58 10 | 15 Average
    1Y SIP Return % -24.35
    -24.28
    		-24.90 | -24.12 15 | 21 Average
    3Y SIP Return % -0.73
    -0.77
    		-1.55 | -0.49 12 | 20 Average
    5Y SIP Return % 3.44
    3.50
    		2.63 | 3.76 11 | 15 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 : Aug. 19, 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 % 0.69 0.67 0.61 | 0.69 6 | 24 Very Good
    3M Return % 2.08 2.07 1.86 | 2.13 16 | 24 Average
    1Y Return % 6.41 6.50 6.33 | 6.72 20 | 22 Poor
    3Y Return % 7.42 7.32 6.80 | 7.54 6 | 20 Good
    5Y Return % 6.55 6.58 6.41 | 6.81 10 | 15 Average
    1Y SIP Return % -24.08 -24.02 -24.18 | -23.81 19 | 22 Poor
    3Y SIP Return % -0.39 -0.43 -0.76 | -0.26 10 | 20 Good
    5Y SIP Return % 3.81 3.82 3.69 | 4.01 9 | 15 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 : Aug. 19, 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
    19-08-2026 1350.7819 1374.8955
    18-08-2026 1350.5538 1374.6514
    17-08-2026 1350.3927 1374.4755
    14-08-2026 1349.9571 1373.9962
    13-08-2026 1349.5697 1373.59
    12-08-2026 1349.2254 1373.2276
    11-08-2026 1349.0159 1373.0025
    10-08-2026 1348.7261 1372.6957
    07-08-2026 1347.7973 1371.7147
    06-08-2026 1347.482 1371.3819
    05-08-2026 1347.1797 1371.0624
    04-08-2026 1346.5102 1370.3692
    03-08-2026 1346.2146 1370.0564
    31-07-2026 1345.2045 1368.9929
    30-07-2026 1344.7305 1368.4987
    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

    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.