{"id":251980,"date":"2026-09-17T11:22:54","date_gmt":"2026-09-17T05:52:54","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/mirae-asset-money-market-fund-direct-growth-review-2026\/"},"modified":"2026-09-17T11:22:54","modified_gmt":"2026-09-17T05:52:54","slug":"mirae-asset-money-market-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/mirae-asset-money-market-fund-direct-growth-review-2026\/","title":{"rendered":"Mirae Asset Money Market Fund Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/mirae-asset-money-market-fund-g-direct-plan\">Mirae Asset Money Market Fund Direct Growth Plan<\/a> had an NAV of \u20b91381.412 as of 16 Sep 2026, with scheme AUM of \u20b93,586 Cr. Its 1-year, 3-year and 5-year returns are 6.48%, 7.41% and 6.59%, and the scheme carries a Balanced Risk label.<\/p>\n<p>Our view is that this is a low-tilt debt option with steady long-term compounding and a portfolio built around money-market instruments and short-dated credit exposure. The return pattern is consistent rather than flashy, which may suit investors who want liquidity-oriented debt exposure and can accept moderate movement in exchange for stability and recurring accruals.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/mirae-asset-money-market-fund-direct-growth-review-2026\/#Quick_facts\" title=\"Quick facts\">Quick facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/mirae-asset-money-market-fund-direct-growth-review-2026\/#Performance\" title=\"Performance\">Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/mirae-asset-money-market-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_Mirae_Asset_Money_Market\" title=\"Should you BUY or HOLD Mirae Asset Money Market?\">Should you BUY or HOLD Mirae Asset Money Market?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/mirae-asset-money-market-fund-direct-growth-review-2026\/#Peer_comparison\" title=\"Peer comparison\">Peer comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/mirae-asset-money-market-fund-direct-growth-review-2026\/#Portfolio_where_your_money_goes\" title=\"Portfolio: where your money goes\">Portfolio: where your money goes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/mirae-asset-money-market-fund-direct-growth-review-2026\/#Who_should_invest\" title=\"Who should invest\">Who should invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/mirae-asset-money-market-fund-direct-growth-review-2026\/#Tax_and_exit_load\" title=\"Tax and exit load\">Tax and exit load<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/mirae-asset-money-market-fund-direct-growth-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/mirae-asset-money-market-fund-direct-growth-review-2026\/#Bottom_line\" title=\"Bottom line\">Bottom line<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/mirae-asset-money-market-fund-direct-growth-review-2026\/#Explore_mutual_funds_with_Univest\" title=\"Explore mutual funds with Univest\">Explore mutual funds with Univest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/mirae-asset-money-market-fund-direct-growth-review-2026\/#RIA_disclosure\" title=\"RIA disclosure\">RIA disclosure<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Quick_facts\"><\/span>Quick facts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Particular<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NAV<\/td>\n<td>\u20b91,381.412 as of 16 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b93,586 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.08%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>11 Aug 2021<\/td>\n<\/tr>\n<tr>\n<td>Min SIP<\/td>\n<td>\u20b999<\/td>\n<\/tr>\n<tr>\n<td>Risk Category<\/td>\n<td>Balanced Risk<\/td>\n<\/tr>\n<tr>\n<td>Benchmark<\/td>\n<td>Nifty 50<\/td>\n<\/tr>\n<tr>\n<td>Fund Category<\/td>\n<td>Debt<\/td>\n<\/tr>\n<tr>\n<td>Exit Load<\/td>\n<td>No exit load<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Pranavi Kulkarni<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Pranavi Kulkarni.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Performance\"><\/span>Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Fund return<\/th>\n<th>Benchmark return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1M<\/td>\n<td>0.5%<\/td>\n<td>-4.41%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>1.84%<\/td>\n<td>-3.6%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>6.48%<\/td>\n<td>-7.76%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>7.41%<\/td>\n<td>5.74%<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>6.59%<\/td>\n<td>5.67%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The short-term return profile looks firm. Over 1 month and 3 months, the fund stayed positive while the benchmark was negative, which tells us the portfolio was able to preserve and add value in a weak market backdrop for the benchmark.<\/p>\n<p>The 1-year figure is the clearest sign of resilience. At 6.48%, the fund remained meaningfully ahead of the benchmark\u2019s -7.76%, so the recent year does not look like a period of broad market dependence; it looks more like a debt-style accrual outcome with limited drawdown.<\/p>\n<p>The longer track record also matters. The 3-year return of 7.41% and 5-year return of 6.59% are both above the benchmark figures shown here, and the gap is wider over 3 years than over 5 years. That tells us the fund has maintained a steady compounding path without needing a dramatic recent jump to support the record.<\/p>\n<p>The daily pattern underneath those returns suggests a fairly stable line with modest step-ups rather than sharp swings. Our read is that this is a fund where consistency, not upside surprise, does the work. That can be appealing for debt investors who want a return pattern that is smoother than equity-linked outcomes.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<section class=\"univest-mf-premium-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;border:1px solid #d8e3f0;background:#f7faff\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Should_you_BUY_or_HOLD_Mirae_Asset_Money_Market\"><\/span>Should you BUY or HOLD Mirae Asset Money Market?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A fund&#8217;s past returns alone don&#8217;t tell you whether you should buy it today or continue holding it.<\/p>\n<p>The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.<\/p>\n<p><strong>Already holding Mirae Asset Money Market? Thinking of investing now?<\/strong><\/p>\n<p><a href=\"https:\/\/univest.in\/mutual-funds\" style=\"font-weight:700;text-decoration:none\">Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium<\/a><\/p>\n<\/section>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Peer_comparison\"><\/span>Peer comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Fund<\/th>\n<th>1Y return<\/th>\n<th>3Y return<\/th>\n<th>5Y return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/mirae-asset-money-market-fund-g-direct-plan\">Mirae Asset Money Market Fund Direct Growth Plan<\/a><\/td>\n<td>6.48%<\/td>\n<td>7.41%<\/td>\n<td>6.59%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/union-money-market-fund-g-direct-plan\">Union Money Market Fund Direct Growth Plan<\/a><\/td>\n<td>6.82%<\/td>\n<td>7.23%<\/td>\n<td>6.48%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/bank-of-india-money-market-fund-g-direct-plan\">Bank of India Money Market Fund Direct Growth Plan<\/a><\/td>\n<td>6.7%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/tata-money-market-fund-g-direct-plan\">Tata Money Market Fund Direct Growth Plan<\/a><\/td>\n<td>6.69%<\/td>\n<td>7.53%<\/td>\n<td>6.84%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/lic-mf-money-market-fund-g-direct-plan\">LIC MF Money Market Fund Direct Growth Plan<\/a><\/td>\n<td>6.69%<\/td>\n<td>6.81%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/bandhan-money-market-fund-g-direct-plan\">Bandhan Money Market Fund Direct Growth Plan<\/a><\/td>\n<td>6.68%<\/td>\n<td>7.42%<\/td>\n<td>6.67%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.<\/p>\n<p>On the recent 1-year measure, this fund trails Union Money Market Fund Direct Growth Plan but stays close to Tata Money Market Fund Direct Growth Plan, LIC MF Money Market Fund Direct Growth Plan and Bandhan Money Market Fund Direct Growth Plan. The spread is not large, so the main difference is more about small variations in accrual and portfolio carry than about a fundamentally different return profile.<\/p>\n<p>Over 3 years, the fund is ahead of the peers listed here with available figures except Tata Money Market Fund Direct Growth Plan, which is slightly higher. Over 5 years, it remains competitive as well, sitting above Union Money Market Fund Direct Growth Plan and Bandhan Money Market Fund Direct Growth Plan, and ahead of the 5-year figure shown for Union. The short-term picture is therefore a bit mixed, while the longer-term picture remains solid.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<div class=\"univest-peer-login-cta\" style=\"margin:20px 0;padding:16px 18px;border:1px solid #d8e3f0;border-radius:8px;background:#f7faff\">\n<p style=\"margin:0\"><strong>Want to know more?<\/strong> <a href=\"https:\/\/univest.in\/user\/log-in\" style=\"font-weight:700;text-decoration:none\">Log in to Univest<\/a> for more mutual fund insights.<\/p>\n<\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Portfolio_where_your_money_goes\"><\/span>Portfolio: where your money goes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding<\/th>\n<th>Sector<\/th>\n<th>Weight<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>364 Days Treasury Bills (MD 11\/02\/2027)<\/td>\n<td>Treasury Bills<\/td>\n<td>8.16%<\/td>\n<\/tr>\n<tr>\n<td>Kotak Mahindra Bank Ltd. (MD 05\/03\/2027)**#<\/td>\n<td>Certificate of Deposit<\/td>\n<td>4.72%<\/td>\n<\/tr>\n<tr>\n<td>National Bank for Agriculture and Rural Development (MD 17\/03\/2027)#<\/td>\n<td>Certificate of Deposit<\/td>\n<td>4.7%<\/td>\n<\/tr>\n<tr>\n<td>Indian Bank (MD 12\/01\/2027)**#<\/td>\n<td>Certificate of Deposit<\/td>\n<td>3.4%<\/td>\n<\/tr>\n<tr>\n<td>Bajaj Auto Credit Ltd. (MD 22\/02\/2027)**<\/td>\n<td>Commercial Paper<\/td>\n<td>3.37%<\/td>\n<\/tr>\n<tr>\n<td>Punjab National Bank (MD 04\/03\/2027)**#<\/td>\n<td>Certificate of Deposit<\/td>\n<td>3.37%<\/td>\n<\/tr>\n<tr>\n<td>364 Days Treasury Bills (MD 19\/02\/2027)<\/td>\n<td>Treasury Bills<\/td>\n<td>2.72%<\/td>\n<\/tr>\n<tr>\n<td>ICICI Bank Ltd. (MD 12\/02\/2027)**#<\/td>\n<td>Certificate of Deposit<\/td>\n<td>2.71%<\/td>\n<\/tr>\n<tr>\n<td>National Bank for Financing Infrastructure and Development (MD 04\/03\/2027)**#<\/td>\n<td>Certificate of Deposit<\/td>\n<td>2.69%<\/td>\n<\/tr>\n<tr>\n<td>L&amp;T Finance Ltd. (MD 19\/03\/2027)**<\/td>\n<td>Commercial Paper<\/td>\n<td>2.68%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The largest holding is 364 Days Treasury Bills (MD 11\/02\/2027) at 8.16%, which is meaningful but not overpowering for a short-duration debt portfolio. The next few positions are materially smaller, and the tenth holding is down to 2.68%, so the weight profile tapers off fairly quickly after the top entry.<\/p>\n<p>The top 10 holdings together account for approximately 38.52% of the portfolio, which suggests a meaningful spread beyond the biggest names. With 62 disclosed holdings in total, the fund appears to rely on a longer tail of positions rather than concentrating everything in a very small number of securities. That mix may reduce dependence on any single issuer while still letting the larger treasury and certificate-of-deposit positions shape day-to-day outcomes.<\/p>\n<p>In practical terms, the table points to a portfolio that is anchored by government and bank-linked instruments, with commercial paper also present. Our view is that this structure may support liquidity and accrual stability, although the larger positions are still likely to have greater influence on returns than the smaller tail holdings.<\/p>\n<p><a href=\"https:\/\/univest.in\/mutual-funds\/mirae-asset-money-market-fund-g-direct-plan\">To see all holdings, visit the Mirae Asset Money Market Fund Direct Growth Plan page<\/a><\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_should_invest\"><\/span>Who should invest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund may suit investors who are comfortable with debt-fund variation and want a return profile that has held up better than the benchmark in both recent and longer windows. The Balanced Risk label and the steady 1-year, 3-year and 5-year returns point to a profile that is not aimed at rapid capital appreciation.<\/p>\n<p>A medium-term to longer-term horizon can make more sense if the goal is to let accruals compound rather than to chase short bursts of performance. The main trade-off is that the fund is still tied to money-market and short-dated credit exposure, so returns can move, but the pattern has been relatively restrained compared with the benchmark shown here.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Tax_and_exit_load\"><\/span>Tax and exit load<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding period<\/th>\n<th>Tax rate<\/th>\n<th>Description<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Units held less than 1 year<\/td>\n<td>20%<\/td>\n<td>Short-term capital gains tax<\/td>\n<\/tr>\n<tr>\n<td>Units held more than 1 year<\/td>\n<td>12.5%<\/td>\n<td>Long-term capital gains tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>No exit load applies if units are sold anytime.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Frequently_asked_questions\"><\/span>Frequently asked questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>What is the current NAV of Mirae Asset Money Market Fund Direct Growth Plan?<\/strong><br \/>The current NAV is \u20b91381.412 as of 16 Sep 2026.<\/p>\n<p><strong>What are the fund\u2019s 1-year, 3-year and 5-year returns?<\/strong><br \/>The fund\u2019s returns are 6.48% over 1 year, 7.41% over 3 years and 6.59% over 5 years.<\/p>\n<p><strong>How has it performed against the benchmark?<\/strong><br \/>It has outpaced the benchmark in every period shown here. The gap is especially clear over 1 month, 3 months and 1 year, while the 3-year and 5-year results also remain ahead.<\/p>\n<p><strong>How does it compare with peer funds on returns?<\/strong><br \/>Its 1-year return is close to several peers and slightly below Union Money Market Fund Direct Growth Plan. Over 3 years and 5 years, it remains competitive and sits near the stronger figures in the peer set shown here.<\/p>\n<p><strong>Is there a minimum SIP amount mentioned?<\/strong><br \/>No minimum SIP amount is stated here, so it should not be treated as a disclosed starting figure for this review.<\/p>\n<p><strong>Who manages the fund and what is the exit load?<\/strong><br \/>Pranavi Kulkarni manages the fund. The exit load is nil, so units sold anytime do not attract an exit-load charge.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Bottom_line\"><\/span>Bottom line<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund shows a steadier long-term picture than the benchmark, and its recent 1-year result is also consistent with that broader pattern. Against peers, it looks competitive rather than dominant, with the 1-year number sitting close to several funds and the 3-year and 5-year figures remaining solid. The risk label is Balanced Risk, and the portfolio is anchored by treasury bills, certificates of deposit and commercial paper. That makes it a better fit for investors who want debt exposure with a diversified short-dated structure and are comfortable with moderate return movement.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 17 September 2026 at 11:21 AM IST<\/p>\n<section class=\"univest-login-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;background:#eef5ff;border:1px solid #cddff7;text-align:center\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Explore_mutual_funds_with_Univest\"><\/span>Explore mutual funds with Univest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Review mutual fund data, compare performance and explore fund insights on Univest.<\/p>\n<p><a href=\"https:\/\/univest.in\/user\/log-in\" style=\"display:inline-block;padding:11px 20px;border-radius:6px;background:#1f4e79;color:#fff !important;text-decoration:none;font-weight:700\">Explore Univest<\/a><\/p>\n<\/section>\n<section class=\"univest-disclaimer\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"RIA_disclosure\"><\/span>RIA disclosure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.<\/p>\n<\/section>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"InvestmentFund\",\"name\":\"Mirae Asset Money Market Fund Direct Growth Plan\",\"identifier\":\"mirae-asset-money-market-fund-g-direct-plan\",\"category\":\"Debt\",\"dateCreated\":\"11 Aug 2021\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":1381.412,\"valueReference\":\"as of 16 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"3586 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.08\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":6.48},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":7.41},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":6.59},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Pranavi Kulkarni\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of Mirae Asset Money Market Fund Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The current NAV is \u20b91381.412 as of 16 Sep 2026.\"}},{\"@type\":\"Question\",\"name\":\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund\u2019s returns are 6.48% over 1 year, 7.41% over 3 years and 6.59% over 5 years.\"}},{\"@type\":\"Question\",\"name\":\"How has it performed against the benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has outpaced the benchmark in every period shown here. The gap is especially clear over 1 month, 3 months and 1 year, while the 3-year and 5-year results also remain ahead.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with peer funds on returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its 1-year return is close to several peers and slightly below Union Money Market Fund Direct Growth Plan. Over 3 years and 5 years, it remains competitive and sits near the stronger figures in the peer set shown here.\"}},{\"@type\":\"Question\",\"name\":\"Is there a minimum SIP amount mentioned?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No minimum SIP amount is stated here, so it should not be treated as a disclosed starting figure for this review.\"}},{\"@type\":\"Question\",\"name\":\"Who manages the fund and what is the exit load?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Pranavi Kulkarni manages the fund. The exit load is nil, so units sold anytime do not attract an exit-load charge.\"}}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Organization\",\"name\":\"Uniapps Investment Adviser Pvt. Ltd.\",\"description\":\"SEBI Registered Investment Adviser INA000017639\"}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mirae Asset Money Market Fund Direct Growth Plan shows steady 1Y, 3Y and 5Y returns, a Balanced Risk label and a portfolio led by treasury bills and CDs.<\/p>\n","protected":false},"author":38,"featured_media":251979,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-251980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["251979"],"rank_math_title":["Mirae Asset Money Market Fund Review 2026"],"rank_math_description":["Mirae Asset Money Market Fund Direct Growth Plan review: NAV \u20b91381.412, 1Y return 6.48%, with steady long-term debt-fund performance."],"rank_math_focus_keyword":["Mirae Asset Money Market Fund Direct Growth Plan review"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/Mirae_Asset_Money_Market_Fund_Direct_Growth_Review_2026_NAV_Returns_Portfolio_Should_You_Invest_neutral.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/251980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=251980"}],"version-history":[{"count":0,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/251980\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/251979"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=251980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=251980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=251980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}