NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹1201.92
0.02%
NAV as on 16 Nov 24, 12:00 AM
low to moderate risk
money market
debt
NAV as on 16 Nov 24, 12:00 AM
low to moderate risk
money market
debt
7.56%p.a.
Last 1Y
6.06%p.a.
Last 3Y
0.00%p.a.
Last 5Y
5.78%p.a.
Since Inception
About Mirae Asset Money Market Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mirae Asset Money Market Fund Growth scheme from Mirae Asset Investment Managers (India) Private Limited. It is a Money Market mutual fund scheme that predominantly invests in Money Market stocks of companies. Launched on Aug 2021, Mirae Asset Money Market Fund Growth is Money Market fund of its category with 1,201.15 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Money Market funds.
- Mirae Asset Money Market Fund Growth delivered 7.6% annual returns during the last year. It has delivered 5.8% average annual returns since the fund was launched.
- Mirae Asset Money Market Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund 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.
Top 9 Holdings
182 DTB 27022025
8.15%
ICICI Bank Ltd.
4.07%
Axis Bank Ltd.
1.96%
ICICI Bank Ltd.
0.79%
08.06 MH Sdl 2025
0.42%
364 DTB 13022025
0.41%
364 DTB 13032025
0.41%
08.09 HR Sdl 2025
0.08%
Class A2 units of Alternative Investment Fund Units #
0.03%
Fund Managers
- Amit Modani (Sep 2023 - Present)
Key Information
View Scheme Document
Mirae Asset Money Market Fund Growth SIP Calculator
If invested
per month
For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on Mirae Asset Money Market Fund Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Mirae Asset Money Market Fund Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Mirae Asset Money Market Fund Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
Similar Funds
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3Y Return
HDFC Money Market Growth
low to moderate risk | debt
6.4%
ICICI Prudential Money Market Fund Growth
low to moderate risk | debt
6.5%
Tata Money Market Fund Growth
low to moderate risk | debt
6.5%
Frequently Asked Questions
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