Mirae Asset Liquid Fund
Direct–Growth is the plan and option we treat as this fund's main page, so search engines are pointed there. Everything below is this filing's own data.
Fund basics
How it compares in its category
Against the Liquid Funds Direct schemes with the highest three-year return. Same category, same plan — the only comparison that means anything. The list re-sorts itself as returns move; it is an ordering by one number, not a view on which fund anyone should hold.
| Scheme | Return | Alpha | Beta | Volatility | Sharpe | Max fall |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Liquid Fund Aditya Birla Sun Life Mutual Fund | 7.0% | — | — | 0.2% | 2.29 | -0.2% |
| Axis Liquid Fund Axis Mutual Fund | 7.0% | — | — | 0.2% | 2.84 | -0.2% |
| Sundaram Liquid Fund (Formerly Known as Principal Cash Management Fund) Sundaram Mutual Fund | 7.0% | — | — | 0.2% | 2.86 | 0.0% |
| Franklin India Liquid Fund Franklin Templeton Mutual Fund | 7.0% | — | — | 0.2% | 2.15 | -0.2% |
| Groww Liquid Fund Groww Mutual Fund | 7.0% | — | — | 0.2% | 2.48 | -0.2% |
| Mahindra Manulife Liquid Fund Mahindra Manulife Mutual Fund | 7.0% | — | — | 0.2% | 2.02 | -0.2% |
| PGIM India Liquid Fund PGIM India Mutual Fund | 7.0% | — | — | 0.2% | 2.60 | -0.1% |
| Nippon India Liquid Fund Nippon India Mutual Fund | 7.0% | — | — | 0.2% | 2.10 | -0.2% |
Alpha and beta are against the category index. Max fall is the deepest peak-to-trough drop in each fund's own history, so a longer-running fund has had more chances to record a bad one. Click a column to sort. This is a sort, not a ranking, and nothing here is a recommendation.
What a Liquid Funds scheme is
Debt maturing within 91 days.
The place money waits. Redemption reaches the bank in one working day, and a small instant-redemption limit is usually available. Not a savings account, and not guaranteed — but as close as a fund gets.
Who it suits. Emergency money and anything needed within weeks.
How long money should stay. Days to 3 months.
Questions people ask
What is the NAV of Mirae Asset Liquid Fund — Direct Plan — Daily IDCW?
₹1,075.8332 as on 27 Aug 2026, from AMFI's daily NAV file. NAV is declared once each business day after markets close, so the figure here is the most recent one published.
What is the difference between the Direct and Regular plan of Mirae Asset Liquid Fund?
They hold the identical portfolio, run by the same manager. A Regular plan pays a distributor commission out of the fund, inside its expense ratio — commonly 0.5% to 1.2% a year more than Direct. That difference is charged on the whole balance, every year, so it compounds: on ₹1,00,000 held ten years a gap of 1.5 percentage points is roughly ₹1.4 lakh of ending value. Direct is the same fund without the commission.
What does the Daily IDCW option mean?
An IDCW option pays part of the fund's gains out to you, and the NAV falls by exactly what it pays. It is not extra return — it is your own money returned, taxed at your slab rate. That also means a return computed from NAV alone understates an IDCW scheme, which is why no CAGR is shown here for it.
What kind of scheme is this?
Debt maturing within 91 days. The place money waits. Redemption reaches the bank in one working day, and a small instant-redemption limit is usually available. Not a savings account, and not guaranteed — but as close as a fund gets.
How long should money stay in it?
Typically Days to 3 months. Emergency money and anything needed within weeks.