Should I invest in Mirae Asset Cash Management Fund - Daily Dividend?

We don't give personal investment advice. Mirae Asset Cash Management Fund - Daily Dividend is suitable for an investor whose:time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ yearsprimary goal is capital preservation or steady accrual, not high growthtax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 0.0%. 5-year CAGR: 0.00%.

Mirae Asset

Mirae Asset Cash Management Fund - Daily Dividend

Latest NAV

₹1,066.4347

As of

3 Jun 2026

5,236 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.00%	-0.84%	+0.84	82 / 117	Q3
1W	+0.00%	-1.30%	+1.30	77 / 116	Q3
2W	+0.00%	-1.26%	+1.26	71 / 116	Q3
1M	+0.00%	-1.18%	+1.18	74 / 115	Q3
3M	+0.00%	-0.77%	+0.77	81 / 115	Q3
6M	+0.00%	-0.25%	+0.25	78 / 116	Q3
YTD	+0.00%	-0.28%	+0.28	76 / 116	Q3
1Y	+0.00%	+0.81%	-0.81	77 / 115	Q3
2Y	+0.00%	+1.09%	-1.09	72 / 111	Q3
3Y	+0.00%	+1.15%	-1.15	63 / 101	Q3
4Y	+0.00%	+1.01%	-1.01	59 / 92	Q3
5Y	+0.00%	+0.76%	-0.76	60 / 84	Q3
7Y	+0.00%	+0.50%	-0.50	47 / 78	Q3
10Y	+0.05%	+0.67%	-0.62	33 / 71	Q2
Inception	+0.37%	+1.27%	-0.91	52 / 114	Q2

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	+0.00%	+1.00%	-1.00	47 / 73
2025	+0.00%	+2.57%	-2.57	45 / 69
2024	+0.00%	+2.54%	-2.54	42 / 71
2023	+0.00%	+2.47%	-2.47	43 / 66
2022	+0.00%	+1.48%	-1.48	54 / 70
2021	+0.00%	+1.01%	-1.01	51 / 80
2020	+0.00%	+0.34%	-0.34	53 / 87
2019	+0.00%	+2.59%	-2.59	56 / 87
2018	+0.00%	+2.60%	-2.60	65 / 88
2017	+0.27%	+2.32%	-2.04	35 / 85
2016	+0.35%	+2.45%	-2.10	23 / 64

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+0.32%

200 windows

min 0.0% · max 2.1%

54% positive

3-Year rolling

+0.28%

176 windows

min 0.0% · max 1.2%

63% positive

5-Year rolling

+0.26%

151 windows

min 0.0% · max 1.0%

71% positive

7-Year rolling

+0.25%

127 windows

min 0.0% · max 0.8%

84% positive

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

0.00%

3-year · annualised

Sharpe ratio

—

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.01%

Jun 2023 → Mar 2026

% positive months

0.0%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Liquid Fund

Scheme	Fund house	NAV	As of
HDFC Liquid Fund-Dividend - Daily	HDFC	₹1,019.8200	3 Jun 2026
NIPPON INDIA LIQUID FUND - QUARTERLY IDCW OPTION	Nippon India	₹1,017.6155	3 Jun 2026
ICICI Prudential Liquid Fund - IDCW Others	ICICI Prudential	₹189.7289	3 Jun 2026
Invesco India Liquid Fund - Unclaimed Dividend Plan - Above 3 Years	Invesco	₹1,000.0000	3 Jun 2026
BANDHAN LIQUID Fund - Unclaimed IDCW Less than 3 years	Bandhan	₹1.7935	3 Jun 2026
Quantum Liquid Fund - Unclaimed IDCW Plan Above 3 years	Quantum	₹10.0000	3 Jun 2026
Motilal Oswal Liquid Fund - Unclaimed Dividend - Greater than 3 years	Motilal Oswal	₹10.0000	3 Jun 2026
Templeton India Treasury Management - Institution-Daily	Franklin Templeton	₹1,000.0000	3 Jun 2026
Mirae Asset Cash Management Fund - Growth	Mirae Asset	₹2,891.4829	3 Jun 2026
HSBC Liquid Fund - IDCW	HSBC	₹1,019.3000	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹1,066.4347
2 Jun 2026	₹1,066.4347
1 Jun 2026	₹1,066.4347
31 May 2026	₹1,066.4347
29 May 2026	₹1,066.4347
28 May 2026	₹1,066.4347
26 May 2026	₹1,066.4347
25 May 2026	₹1,066.4347
24 May 2026	₹1,066.4347
23 May 2026	₹1,066.4347

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 03 Jun 2026, the NAV of Mirae Asset Cash Management Fund - Daily Dividend is ₹1,066.4347. It's a Liquid Fund from Mirae Asset, run as a Unknown plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

Mirae Asset Cash Management Fund - Daily Dividend has NAV history starting from 13 Jan 2009, a track record of about 17 years 4 months. Long-tenured funds like this have weathered multiple market cycles — the 2008 crash, 2013 taper tantrum, 2020 COVID drawdown — which makes their returns more credible than a 3-year track record alone.

Mirae Asset Cash Management Fund - Daily Dividend is managed by Mirae Asset. It's classified by AMFI under the 'Liquid Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Mirae Asset Cash Management Fund - Daily Dividend has delivered a absolute return of 0.00% — -0.81 pp behind the Liquid Fund category average of 0.81%. The fund ranks #77 of 115 in its category — the third (Q3) quartile.

Over the trailing 3-year window, Mirae Asset Cash Management Fund - Daily Dividend has delivered a CAGR of 0.00% — -1.15 pp behind the Liquid Fund category average of 1.15%. The fund ranks #63 of 101 in its category — the third (Q3) quartile.

Over the trailing 5-year window, Mirae Asset Cash Management Fund - Daily Dividend has delivered a CAGR of 0.00% — -0.76 pp behind the Liquid Fund category average of 0.76%. The fund ranks #60 of 84 in its category — the third (Q3) quartile.

₹1 lakh invested in Mirae Asset Cash Management Fund - Daily Dividend exactly 10 years ago would be worth approximately ₹100,464 today — a multiplier of 1.00×, based on the 10-year CAGR of 0.05%. The category average over the same window would have grown ₹1 lakh to ₹106,873.

A ₹10,000 monthly SIP in Mirae Asset Cash Management Fund - Daily Dividend over the last 5 years — total invested ₹600,000 — would be worth ₹600,000 today. That's an XIRR (money-weighted annualised return) of 0.00%.

A ₹10,000 monthly SIP for 10 years in Mirae Asset Cash Management Fund - Daily Dividend = ₹1,200,000 invested. It would currently be worth ₹1,200,416 (multiplier 1.00×). XIRR: 0.01%. Long-horizon SIP results matter more than point-to-point returns because they smooth out entry timing.

On a 5-year basis, Mirae Asset Cash Management Fund - Daily Dividend ranks #60 out of 84 funds in the Liquid Fund category — that places it in the third quartile (Q3) — below the median. The category average return over the same window is 0.76%; this fund delivered 0.00%.

The worst peak-to-trough decline Mirae Asset Cash Management Fund - Daily Dividend has experienced over the last 5-year window is 0.01% — its NAV fell from a high on 02 Jun 2021 to a low on 04 May 2022. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, Mirae Asset Cash Management Fund - Daily Dividend averaged 0.26% (best 0.96%, worst 0.00%). 71% of rolling windows ended positive.

In calendar year 2025, Mirae Asset Cash Management Fund - Daily Dividend returned 0.00% — lagging the Liquid Fund category average of 2.57% by 2.57 pp. It ranked #45 of 69 in its category that year.

Mirae Asset Cash Management Fund - Daily Dividend is classified as a Debt fund. For units acquired on or after 1 April 2023, all gains are taxed at your income-tax slab rate regardless of holding period — there's no LTCG concession or indexation. For pre-April-2023 units, the old rules with indexation still apply on long-term gains.

We don't give personal investment advice. Mirae Asset Cash Management Fund - Daily Dividend is suitable for an investor whose:

time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ years
primary goal is capital preservation or steady accrual, not high growth
tax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 0.0%. 5-year CAGR: 0.00%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.