Mirae Asset
Mirae Asset Liquid Fund- Institutional Plan - Daily Dividend
Category
Liquid
Plan type
Dividend
Structure
Open-ended
AMFI Scheme Code
107657
ISIN (Growth)
—
ISIN (Dividend)
—
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% | +0.34% | -0.34 | 64 / 110 | Q3 |
| 1W | +0.01% | +0.31% | -0.29 | 46 / 107 | Q2 |
| 2W | — | — | — | — | — |
| 1M | — | — | — | — | — |
| 3M | — | — | — | — | — |
| 6M | — | — | — | — | — |
| YTD | — | — | — | — | — |
| 1Y | — | — | — | — | — |
| 2Y | — | — | — | — | — |
| 3Y | +2.68% | -1.06% | +3.73 | 27 / 89 | Q2 |
| 4Y | -0.01% | -1.39% | +1.37 | 67 / 86 | Q4 |
| 5Y | — | — | — | — | — |
| 7Y | — | — | — | — | — |
| 10Y | — | — | — | — | — |
| Inception | +0.00% | -1.26% | +1.26 | 63 / 110 | Q3 |
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 |
|---|---|---|---|---|
| 2012 YTD | — | — | — | — |
| 2011 | — | — | — | — |
| 2010 | — | — | — | — |
| 2009 | — | — | — | — |
| 2008 | — | — | — | — |
Recent NAVs
| Date | NAV |
|---|---|
| 3 Apr 2012 | ₹1,000.1541 |
| 2 Apr 2012 | ₹1,000.1325 |
| 30 Mar 2012 | ₹1,000.0500 |
| 29 Mar 2012 | ₹1,000.0225 |
| 3 Feb 2009 | ₹924.0000 |
| 2 Feb 2009 | ₹923.6622 |
| 1 Feb 2009 | ₹923.6329 |
| 30 Jan 2009 | ₹923.5830 |
| 29 Jan 2009 | ₹923.5583 |
| 28 Jan 2009 | ₹923.5300 |
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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 - Daily Dividend 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 - Daily Dividend 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 - Daily Dividend is managed by Mirae Asset. It's classified by AMFI under the 'Liquid' SEBI category, which determines its peer set and tax treatment.
Mirae Asset Liquid Fund- Institutional Plan - Daily Dividend doesn't have a complete 1-year window yet (we need at least 1 year of NAVs). Check the shorter-window returns above.
Over the trailing 3-year window, Mirae Asset Liquid Fund- Institutional Plan - Daily Dividend has delivered a CAGR of 2.68% — +3.73 pp ahead of the Liquid category average of -1.06%. The fund ranks #27 of 89 in its category — the second (Q2) quartile.
Mirae Asset Liquid Fund- Institutional Plan - Daily Dividend doesn't have a complete 5-year window yet (we need at least 5 year of NAVs). Check the shorter-window returns above.
₹1 lakh invested in Mirae Asset Liquid Fund- Institutional Plan - Daily Dividend exactly 3 years ago would be worth approximately ₹108,242 today — a multiplier of 1.08×, based on the 3-year CAGR of 2.68%. The category average over the same window would have grown ₹1 lakh to ₹96,854.
We don't have enough NAV history yet to simulate a SIP on Mirae Asset Liquid Fund- Institutional Plan - Daily Dividend. The fund typically needs 12+ months for a 1-year SIP backtest.
Mirae Asset Liquid Fund- Institutional Plan - Daily Dividend doesn't have enough SIP-backtest history yet. Check the 1-year SIP simulation above as soon as it has 12+ months of NAVs.
On a 3-year basis, Mirae Asset Liquid Fund- Institutional Plan - Daily Dividend ranks #27 out of 89 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 -1.06%; this fund delivered 2.68%.
Mirae Asset Liquid Fund- Institutional Plan - Daily Dividend doesn't have a computed drawdown figure yet.
Consistency stats for Mirae Asset Liquid Fund- Institutional Plan - Daily Dividend need at least 3 years of NAVs to compute. They'll populate automatically once the fund has enough history.
We don't yet have a completed calendar-year return for Mirae Asset Liquid Fund- Institutional Plan - Daily Dividend.
Mirae Asset Liquid Fund- Institutional Plan - 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 Liquid Fund- Institutional Plan - 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)
Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.
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