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Mirae Asset Liquid Fund(M-IDCW) Direct IDCW

IDCW
₹1,138.180.01% (+0.11)

Scorecard

Performance

High

The creamy layer - amongst the top performing Mutual Funds

Risk

Avg

Average risk vs others in sub-category

Cost

Low

Expense that wouldn't create any worry

Composition

High

A well thought mix versus other funds

Red flags

Low

We got you covered, no major red flags identified

How to use scorecard? Learn more

AMC Logo

Mirae Asset Liquid Fund(M-IDCW) Direct IDCW

IDCW
₹1,138.180.01% (+0.11)
High
—
—
Low
—
—
Returns
—
—
1M
6M
1Y
3Y
5Y
Max
SIP
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1M
6M
1Y
3Y
5Y
Max
SIP
Debt
Liquid Fund

Large-size Fund

Assets Under Mgmt: ₹ 14,887 Cr

Moderately Low Risk

Principle investment will be at moderately low risk

Scorecard

Performance

High

The creamy layer - amongst the top performing Mutual Funds

Risk

Avg

Average risk vs others in sub-category

Cost

Low

Expense that wouldn't create any worry

Composition

High

A well thought mix versus other funds

Red flags

Low

We got you covered, no major red flags identified

How to use scorecard? Learn more

Debt
Liquid Fund

Large-size Fund

Assets Under Mgmt: ₹ 14,887 Cr

Moderately Low Risk

Principle investment will be at moderately low risk

Mirae Asset Liquid Fund(M-IDCW) Performance & Key Metrics

Mirae Asset Liquid Fund(M-IDCW) Performance & Key Metrics

No LabelNo LabelBase Expense RatioBase Exp. RatioNo LabelNo Label
0.090.08-1.17
No LabelNo LabelNo LabelNo LabelNo LabelNo Label
0.20-0.836.49

Mirae Asset Liquid Fund(M-IDCW) Scheme InfoMirae Asset Liquid Fund(M-IDCW) Scheme Info

PlanPlanLock inLock in
Lock in Period

Period before which your investment can't be withdrawn from the MF scheme

Exit LoadExit Load
Exit Load

The fee that the AMC charges investors at the time of exiting or redeeming their fund units.

IDCW0 yrs0.005%
0.007% for Day 1 0.0065% on Day 2 0.0060% on Day 3 0.0055% on Day 4 0.0050% on Day 5 0.0045% on Day 6 NIL on or after 7D
SIP Inv.SIP Inv.
Sip Investment

If SIP investments are allowed in the fund or not

Min. LumpsumMin. Lumpsum
Minimum Lumpsum Inv Amount

Minimum investment the AMC allows in the given scheme via lumpsum route

Allowed₹ 5,000
Initial: ₹ 5,000 Incremental: ₹ 1,000
BenchmarkBenchmark
Benchmark Index

Benchmark index wrt which performance of the fund is tracked

Nifty Liquid Fund Index

About Liquid Fund

About Liquid Fund

Liquid funds are the debt funds. They invest majorly in fixed-income intruments with a maturity of up to 91 days. The investor can get their redeemed amounts within 24 hours. These funds have low interest-rate risk as compared to other debt funds.

Mirae Asset Liquid Fund(M-IDCW) Peers

Mirae Asset Liquid Fund(M-IDCW) Peers & Comparison

Comparing 3 mutual funds from 
DebtLiquid Fund

Returns

Scheme

Ratios

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Mutual Fund1Y Returns1Y Returns3Y CAGR3Y CAGRLife CAGRLife CAGR
Mirae Asset Liquid Fund(M-IDCW)0.01%-0.00%0.05%
SBI Liquid Fund(W-IDCW Payout)0.01%3.56%1.95%
HDFC Liquid Fund(M-IDCW)0.06%-0.01%-0.04%
Aditya Birla SL Liquid Fund(W-IDCW Reinv)0.01%-0.02%-0.00%

Mirae Asset Liquid Fund(M-IDCW) Returns Comparison

Compare Mirae Asset Liquid Fund(M-IDCW) with any MF, ETF, stock or index
Compare Mirae Asset Liquid Fund(M-IDCW) with any MF, ETF, stock or index
Mirae Asset Liquid Fund(M-IDCW)
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Mirae Asset Liquid Fund(M-IDCW) Portfolio

Mirae Asset Liquid Fund(M-IDCW) Asset Allocation

Mirae Asset Liquid Fund(M-IDCW) Asset Allocation

Actual

Target

Dec 2025

Mar 2026

Jun 2026

Sep 2026

ACTUAL
+1 moreCorporate DebtTreasury BillsCertificate of DepositCommercial Paper-19.63%0.30%2.69%21.79%39.64%55.21%

Dec 2025

Mar 2026

Jun 2026

Sep 2026

Tickertape Separator

Mirae Asset Liquid Fund(M-IDCW) Sector Distribution

Mirae Asset Liquid Fund(M-IDCW) Sector Distribution

+12 moreSpecialized FinancePrivate BanksInvestment Banking & BrokerageG-SecPublic Banks5.46 %10.65 %11.32 %13.14 %21.79 %37.64 %

Dec 2025

Mar 2026

Jun 2026

Sep 2026

Tickertape Separator

Mirae Asset Liquid Fund(M-IDCW) Sector Weightage

Mirae Asset Liquid Fund(M-IDCW) Sector Weightage

Jun 25Sep 25Dec 25Mar 26Jun 26Sep 2641.85%32.92%40.21%45.32%36.20%37.64%
Public Banks as a % of total holdings for last six quarters
Tickertape Separator

Mirae Asset Liquid Fund(M-IDCW) Current Holdings

Mirae Asset Liquid Fund(M-IDCW) Current Holdings

Debt

Others

Sort holdings
  • Constituent
    Holding Weight
    3M Change

AMC Profile of Mirae Asset Liquid Fund(M-IDCW)

AMC Profile of Mirae Asset Liquid Fund(M-IDCW)

Mirae Asset Financial Group is one of the key players in the Asian financial market. Its asset management wing, the Mirae Asset Global Investments, commenced operation in 1997 and has expanded its business globally in a relatively short span of time.

Mirae Asset Financial Group is one of the key players in the Asian financial market. Its asset management wing, the Mirae Asset Global Investments, commenced operation in 1997 and has expanded its business globally in a relatively short span of time.

  • No.of Schemes

    58

  • Total AUM

    ₹ 2,10,251.57 Cr.

Mirae Asset Liquid Fund(M-IDCW) Manager Details

Mirae Asset Liquid Fund(M-IDCW) Manager Details

Mirae Asset Liquid Fund(M-IDCW) Manager Profile

Mirae Asset Liquid Fund(M-IDCW) Manager Profile

Qualification

MBA (Finance), B.E. (Computer Science)

Past Experience

Ms. Pranavi Kulkarni has over 10 years of experience in the financial sector. Prior to this assignment, Ms. Kulkarni was associated with Edelweiss Asset Management Ltd as Fund Manager. Ms. Kulkarni has also worked with CRISIL Ltdand Yes Bank.

Funds Managed (24)
Mirae Asset Overnight Fund(M-IDCW)
IDCW
1Y Returns
0.02%
0.02%
3Y CAGR
0.02%
0.02%
Base Exp. Ratio
0.07%
0.07%
Mirae Asset Overnight Fund(DD-IDCW)
IDCW
1Y Returns
0.00%
0.00%
3Y CAGR
0.00%
0.00%
Base Exp. Ratio
0.07%
0.07%
Mirae Asset Overnight Fund(W-IDCW)
IDCW
1Y Returns
0.01%
0.01%
3Y CAGR
0.02%
0.02%
Base Exp. Ratio
0.07%
0.07%
Mirae Asset Liquid Fund(M-IDCW)
IDCW
1Y Returns
0.01%
0.01%
3Y CAGR
0.00%
0.00%
Base Exp. Ratio
0.08%
0.08%
Mirae Asset Liquid Fund(W-IDCW)
IDCW
1Y Returns
0.03%
0.03%
3Y CAGR
0.02%
0.02%
Base Exp. Ratio
0.08%
0.08%
Mirae Asset Liquid Fund(DD-IDCW)
IDCW
1Y Returns
0.00%
0.00%
3Y CAGR
0.00%
0.00%
Base Exp. Ratio
0.08%
0.08%
Mirae Asset Nifty SDL Jun 2027 Index Fund(IDCW)
IDCW
1Y Returns
5.80%
5.80%
3Y CAGR
7.60%
7.60%
Base Exp. Ratio
0.20%
0.20%
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund(IDCW)
IDCW
1Y Returns
2.30%
2.30%
3Y CAGR
7.15%
7.15%
Base Exp. Ratio
0.15%
0.15%
Mirae Asset Money Market Fund(IDCW)
IDCW
1Y Returns
6.49%
6.49%
3Y CAGR
7.39%
7.39%
Base Exp. Ratio
0.09%
0.09%
Mirae Asset Nifty SDL June 2028 Index Fund(IDCW)
IDCW
1Y Returns
5.43%
5.43%
3Y CAGR
7.64%
7.64%
Base Exp. Ratio
0.16%
0.16%
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund(IDCW)
IDCW
1Y Returns
2.30%
2.30%
3Y CAGR
7.15%
7.15%
Base Exp. Ratio
0.15%
0.15%
Mirae Asset Nifty SDL June 2028 Index Fund(IDCW)
IDCW
1Y Returns
5.43%
5.43%
3Y CAGR
7.64%
7.64%
Base Exp. Ratio
0.16%
0.16%
Mirae Asset Overnight Fund(M-IDCW)
IDCW
1Y Returns
0.02%
0.02%
3Y CAGR
0.02%
0.02%
Base Exp. Ratio
0.07%
0.07%
Mirae Asset Nifty SDL Jun 2027 Index Fund(IDCW)
IDCW
1Y Returns
5.80%
5.80%
3Y CAGR
7.60%
7.60%
Base Exp. Ratio
0.20%
0.20%
Mirae Asset Money Market Fund(IDCW)
IDCW
1Y Returns
6.49%
6.49%
3Y CAGR
7.39%
7.39%
Base Exp. Ratio
0.09%
0.09%
Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund(IDCW)
IDCW
1Y Returns
6.09%
6.09%
3Y CAGR
—
—
Base Exp. Ratio
0.07%
0.07%
Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund(IDCW)
IDCW
1Y Returns
6.09%
6.09%
3Y CAGR
—
—
Base Exp. Ratio
0.07%
0.07%
Mirae Asset Liquid Fund(W-IDCW)
IDCW
1Y Returns
0.03%
0.03%
3Y CAGR
—
—
Base Exp. Ratio
0.08%
0.08%
Mirae Asset Money Market Fund(W-IDCW)
IDCW
1Y Returns
—
—
3Y CAGR
—
—
Base Exp. Ratio
0.09%
0.09%
Mirae Asset Liquid Fund(M-IDCW)
IDCW
1Y Returns
0.01%
0.01%
3Y CAGR
0.00%
0.00%
Base Exp. Ratio
0.08%
0.08%

Mirae Asset Liquid Fund(M-IDCW) Manager Performance (0)

Mirae Asset Liquid Fund(M-IDCW) Manager Performance (0)

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Mirae Asset Liquid Fund(M-IDCW) Review & Opinions

Mirae Asset Liquid Fund(M-IDCW) Review & Opinions

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Frequently asked questions

  1. The current NAV of Mirae Asset Liquid Fund(M-IDCW) is ₹1138.18, as of 12th October 2026.

  2. The Mirae Asset Liquid Fund(M-IDCW) was launched on 1st January 2013. This mutual fund's past returns are as follows:
    • 1 Year Returns: 0.01%
    • 3 Year Returns: -0.00%
    • 5 Year Returns: 0.03%

  3. The top sectors Mirae Asset Liquid Fund(M-IDCW) has invested in are as follows:
    • Public Banks | 37.64%
    • G-Sec | 21.79%
    • Investment Banking & Brokerage | 13.14%
    • Private Banks | 11.32%
    • Specialized Finance | 10.65%
    This data is as on 12th October 2026.

  4. The top 5 holdings for Mirae Asset Liquid Fund(M-IDCW) are as follows:
    • 91 Days Treasury Bills (MD 24/12/2026) | 3.98%
    • HDFC Bank Ltd. (MD 04/12/2026)**# | 3.49%
    • Small Industries Development Bank of India (MD 10/11/2026)**# | 3.34%
    • Canara Bank (MD 04/12/2026)**# | 3.32%
    • Bank of Baroda (MD 06/11/2026)**# | 2.84%
    This data is as on 12th October 2026.

  5. The asset allocation for Mirae Asset Liquid Fund(M-IDCW) is as follows:
    • Commercial Paper | 55.21%
    • Certificate of Deposit | 39.64%
    • Treasury Bills | 21.79%
    • Corporate Debt | 2.69%
    • N/A | 0.30%
    This data is as on 12th October 2026.

  6. The AUM (i.e. assets under management) of Mirae Asset Liquid Fund(M-IDCW) is ₹14887.03 Cr as of 12th October 2026.

  7. The base expense ratio of Mirae Asset Liquid Fund(M-IDCW) Plan is 0.08 as of 12th October 2026.

  8. The alpha ratio for the Mirae Asset Liquid Fund(M-IDCW) is -0.01

    Alpha is the excess return of a fund compared to its expected return, based on its beta and the risk-free rate. Positive alpha indicates that the fund has outperformed its expected return, while negative alpha suggests underperformance.

  9. The volatility or standard deviation for the Mirae Asset Liquid Fund(M-IDCW) is 0.14

    Standard deviation measures the volatility or risk associated with the returns of a mutual fund. A higher standard deviation indicates higher volatility, suggesting that the returns of the mutual fund are more spread out from the average. On the other hand, a lower standard deviation implies lower volatility and a more stable performance.

  10. The Sharpe ratio for the Mirae Asset Liquid Fund(M-IDCW) is -1.17

    The Sharpe ratio is a measure of risk-adjusted return that evaluates the performance of a mutual fund, by adjusting for its risk. Higher Sharpe ratio indicates a better risk-adjusted performance. A positive Sharpe ratio indicates that the MF has provided a return in excess of the risk-free rate for the amount of risk taken. Conversely, a negative Sharpe ratio suggests that the MF did not adequately compensate for the risk.

  11. The Sortino Ratio for the Mirae Asset Liquid Fund(M-IDCW) is -0.09

    The Sortino ratio of a mutual fund is a measure of its risk-adjusted return, considering only downside volatility. It helps investors evaluate how well a fund is performing relative to its downside risk. A higher Sortino ratio (value >1) means the fund generates better returns for the downside risk taken.