Should I invest in Mirae Asset Liquid Fund?

We don't give personal investment advice. Mirae Asset Liquid Fund- Institutional Plan - Growth 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. 5-year CAGR: 0.51%.

Mirae Asset

Mirae Asset Liquid Fund- Institutional Plan - Growth

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	+0.03%	+0.34%	-0.31	10 / 110	Q1
1W	+0.16%	+0.31%	-0.15	11 / 107	Q1
2W	+0.29%	+0.36%	-0.07	19 / 106	Q1
1M	+0.57%	+0.37%	+0.19	18 / 106	Q1
3M	+1.72%	+0.70%	+1.02	17 / 105	Q1
6M	+3.61%	-0.73%	+4.34	15 / 105	Q1
YTD	+4.22%	-1.59%	+5.80	13 / 102	Q1
1Y	+4.10%	-0.61%	+4.71	28 / 100	Q2
2Y	—	—	—	—	—
3Y	—	—	—	—	—
4Y	—	—	—	—	—
5Y	+0.51%	+0.08%	+0.42	27 / 76	Q2
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+1.10%	-1.26%	+2.36	31 / 110	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
2013 YTD	+4.22%	+0.78%	+3.44	17 / 64
2012	—	—	—	—
2011	—	—	—	—
2010	—	—	—	—
2009	—	—	—	—
2008	—	—	—	—

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

+4.15%

4 windows

min 4.1% · max 4.2%

100% positive

Limited basis — fund is young, so this average may be skewed by which 1Y windows happen to be available.

3-Year rolling

—

Insufficient history

5-Year rolling

+0.56%

6 windows

min 0.5% · max 0.6%

100% positive

Limited basis — fund is young, so this average may be skewed by which 5Y windows happen to be available.

7-Year rolling

—

Insufficient history

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.

Recent NAVs

Date	NAV
30 Jul 2013	₹1,061.4382
29 Jul 2013	₹1,061.1535
28 Jul 2013	₹1,060.8749
26 Jul 2013	₹1,060.4538
25 Jul 2013	₹1,060.2432
24 Jul 2013	₹1,060.0300
23 Jul 2013	₹1,059.7696
22 Jul 2013	₹1,059.5685
21 Jul 2013	₹1,059.3696
19 Jul 2013	₹1,058.9682

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.

Mirae Asset Liquid Fund- Institutional Plan - Growth is a Liquid from Mirae Asset (Institutional plan, IDCW (dividend) option). Latest NAV isn't currently available in our feed — the AMC publishes it once per business day after market close.

Mirae Asset Liquid Fund- Institutional Plan - Growth has NAV history starting from 06 Mar 2008, a track record of about 18 years 3 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 Liquid Fund- Institutional Plan - Growth is managed by Mirae Asset. It's classified by AMFI under the 'Liquid' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Mirae Asset Liquid Fund- Institutional Plan - Growth has delivered a absolute return of 4.10% — +4.71 pp ahead of the Liquid category average of -0.61%. The fund ranks #28 of 100 in its category — the second (Q2) quartile.

Mirae Asset Liquid Fund- Institutional Plan - Growth doesn't have a complete 3-year window yet (we need at least 3 year of NAVs). Check the shorter-window returns above.

Over the trailing 5-year window, Mirae Asset Liquid Fund- Institutional Plan - Growth has delivered a CAGR of 0.51% — +0.42 pp ahead of the Liquid category average of 0.08%. The fund ranks #27 of 76 in its category — the second (Q2) quartile.

₹1 lakh invested in Mirae Asset Liquid Fund- Institutional Plan - Growth exactly 5 years ago would be worth approximately ₹102,564 today — a multiplier of 1.03×, based on the 5-year CAGR of 0.51%. The category average over the same window would have grown ₹1 lakh to ₹100,422.

A ₹10,000 monthly SIP in Mirae Asset Liquid Fund- Institutional Plan - Growth over the last 1 year — total invested ₹110,000 — would be worth ₹113,747 today. That's an XIRR (money-weighted annualised return) of 6.81%.

Mirae Asset Liquid Fund- Institutional Plan - Growth doesn't yet have 10 years of NAVs. Over the longest available window (1-year SIP), ₹10,000/month would have grown to ₹113,747 — XIRR 6.81%.

On a 5-year basis, Mirae Asset Liquid Fund- Institutional Plan - Growth ranks #27 out of 76 funds in the Liquid category — that places it in the second quartile (Q2) — above the median. The category average return over the same window is 0.08%; this fund delivered 0.51%.

Mirae Asset Liquid Fund- Institutional Plan - Growth doesn't have a computed drawdown figure yet.

Across all 5-year rolling windows, Mirae Asset Liquid Fund- Institutional Plan - Growth averaged 0.56% (best 0.60%, worst 0.51%). 100% of rolling windows ended positive.

We don't yet have a completed calendar-year return for Mirae Asset Liquid Fund- Institutional Plan - Growth.

Mirae Asset Liquid Fund- Institutional Plan - Growth 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 Liquid Fund- Institutional Plan - Growth 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. 5-year CAGR: 0.51%.

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