Mirae Asset Liquid Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Liquid Fund

No of Debt Holding 88 (Category Avg - 67.49) | Modified Duration 0.11 Years (Category Avg - 0.12)| Yield to Maturity 6.00% (Category Avg - 5.98%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	0.00%	1.14%
CD	57.32%	35.50%
T-Bills	16.82%	17.24%
CP	32.35%	36.85%
NCD & Bonds	0.00%	4.30%

Category - Liquid Fund

Security Type	% Weight	Category Average
Government Backed	16.82%	18.37%
Low Risk	89.67%	76.50%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Category - Liquid Fund

Debt holding in Portfolio (as on 31st Oct,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Union Bank Of India	CD	Public sector bank	A1+	ICRA	4458.48	3.12%	4.50 Cr
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	3942.40	2.76%	3.95 Cr
Bond - National Bank for Agriculture & Rural Development	CD	Financial institution	P1+	CRISIL	3699.84	2.59%	3.75 Cr
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	3493.83	2.45%	3.50 Cr
Bond - T-Bill	T-Bills	Other			3490.26	2.44%	3.50 Cr
Bond - Union Bank Of India	CD	Public sector bank	A1+	ICRA	3471.58	2.43%	3.50 Cr
Bond - Kotak Mahindra Bank Ltd.	CD	Private sector bank	P1+	CRISIL	3457.38	2.42%	3.50 Cr
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	2999.06	2.10%	3.00 Cr
Bond - T-Bill	T-Bills	Other			2997.73	2.10%	3.00 Cr
Bond - T-Bill	T-Bills	Other			2994.63	2.10%	3.00 Cr
Bond - HDFC Bank Ltd.	CD	Private sector bank	P1+	CRISIL	2991.83	2.09%	3.00 Cr
Bond - Punjab National Bank	CD	Public sector bank	P1+	CRISIL	2991.38	2.09%	3.00 Cr
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	2990.41	2.09%	3.00 Cr
Bond - National Bank for Agriculture & Rural Development	CP	Financial institution	P1+	CRISIL	2990.39	2.09%	3.00 Cr
Bond - Kotak Mahindra Bank Ltd.	CD	Private sector bank	P1+	CRISIL	2984.16	2.09%	3.00 Cr
Bond - T-Bill	T-Bills	Other			2963.42	2.07%	3.00 Cr
Bond - T-Bill	T-Bills	Other			2960.73	2.07%	3.00 Cr
Bond - Punjab National Bank	CD	Public sector bank	P1+	CRISIL	2464.32	1.73%	2.50 Cr
Bond - HDFC Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	2463.04	1.72%	2.50 Cr
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	2238.05	1.57%	2.25 Cr
Bond - Punjab National Bank	CD	Public sector bank	P1+	CRISIL	2235.43	1.57%	2.25 Cr
Bond - Indian Oil Corporation Ltd.	CP	Refineries & marketing	P1+	CRISIL	2233.62	1.56%	2.25 Cr
Bond - Indian Bank	CD	Public sector bank	P1+	CRISIL	2221.21	1.56%	2.25 Cr
Bond - T-Bill	T-Bills	Other			2178.22	1.52%	2.19 Cr
Bond - Indian Bank	CD	Public sector bank	P1+	CRISIL	1999.04	1.40%	2.00 Cr
Bond - T-Bill	T-Bills	Other			1996.43	1.40%	2.00 Cr
Bond - Aditya Birla Real Estate Ltd.	CP	Paper & paper products	P1+	CRISIL	1995.75	1.40%	2.00 Cr
Bond - Piramal Finance Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	1995.52	1.40%	2.00 Cr
Bond - Kotak Mahindra Bank Ltd.	CD	Private sector bank	P1+	CRISIL	1987.22	1.39%	2.00 Cr
Bond - Union Bank Of India	CD	Public sector bank	A1+	ICRA	1985.02	1.39%	2.00 Cr
Bond - Punjab National Bank	CD	Public sector bank	P1+	CRISIL	1984.47	1.39%	2.00 Cr
Bond - ICICI Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	1979.68	1.39%	2.00 Cr
Bond - Punjab National Bank	CD	Public sector bank	P1+	CRISIL	1975.30	1.38%	2.00 Cr
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	1975.24	1.38%	2.00 Cr
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	1974.00	1.38%	2.00 Cr
Bond - T-Bill	T-Bills	Other			1960.14	1.37%	1.97 Cr
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	1749.16	1.22%	1.75 Cr
Bond - National Bank for Agriculture & Rural Development	CP	Financial institution	P1+	CRISIL	1738.97	1.22%	1.75 Cr
Bond - Export Import Bank Of India	CD	Financial institution	P1+	CRISIL	1733.30	1.21%	1.75 Cr
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	1499.28	1.05%	1.50 Cr
Bond - Aditya Birla Money Ltd.	CP	Stockbroking & allied	P1+	CRISIL	1499.19	1.05%	1.50 Cr
Bond - Julius Baer Capital (India) Pvt Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	1499.19	1.05%	1.50 Cr
Bond - 360 One Prime Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	1499.15	1.05%	1.50 Cr
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	1493.78	1.05%	1.50 Cr
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	1492.49	1.04%	1.50 Cr
Bond - Bharti Airtel Ltd.	CP	Telecom - cellular & fixed line services	P1+	CRISIL	1492.11	1.04%	1.50 Cr
Bond - Grasim Industries Limited	CP	Cement & cement products	P1+	CRISIL	1491.65	1.04%	1.50 Cr
Bond - Export Import Bank Of India	CP	Financial institution	P1+	CRISIL	1478.82	1.04%	1.50 Cr
Bond - Axis Finance Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	1245.88	0.87%	1.25 Cr
Bond - Birla Group Holdings Private Ltd.	CP	Investment company	P1+	CRISIL	1245.67	0.87%	1.25 Cr
Bond - Kotak Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	1245.65	0.87%	1.25 Cr
Bond - Godrej Properties Ltd.	CP	Residential, commercial projects	A1+	ICRA	1245.15	0.87%	1.25 Cr
Bond - Axis Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	1244.73	0.87%	1.25 Cr
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	1240.94	0.87%	1.25 Cr
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	1240.93	0.87%	1.25 Cr
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	1232.32	0.86%	1.25 Cr
Bond - Indian Oil Corporation Ltd.	CP	Refineries & marketing	P1+	CRISIL	999.69	0.70%	1.00 Cr
Bond - ICICI Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	999.48	0.70%	1.00 Cr
Bond - Sikka Ports & Terminals Ltd.	CP	Port & port services	P1+	CRISIL	999.18	0.70%	1.00 Cr
Bond - Kotak Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	998.28	0.70%	1.00 Cr
Bond - Reliance Retail Ventures Ltd.	CP	Diversified retail	P1+	CRISIL	998.03	0.70%	1.00 Cr
Bond - T-Bill	T-Bills	Other			997.22	0.70%	1.00 Cr
Bond - Union Bank Of India	CD	Public sector bank	A1+	ICRA	996.01	0.70%	1.00 Cr
Bond - Manappuram Finance Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	995.61	0.70%	1.00 Cr
Bond - 360 One Prime Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	995.42	0.70%	1.00 Cr
Bond - HDFC Bank Ltd.	CD	Private sector bank	P1+	CRISIL	994.82	0.70%	1.00 Cr
Bond - Punjab National Bank	CD	Public sector bank	P1+	CRISIL	994.49	0.70%	1.00 Cr
Bond - T-Bill	T-Bills	Other			994.09	0.70%	1.00 Cr
Bond - Bank Of Baroda	CD	Public sector bank	F1+	FITCH	993.71	0.70%	1.00 Cr
Bond - Axis Bank Ltd.	CD	Private sector bank	P1+	CRISIL	992.58	0.69%	1.00 Cr
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	992.51	0.69%	1.00 Cr
Bond - HDFC Bank Ltd.	CD	Private sector bank	P1+	CRISIL	991.83	0.69%	1.00 Cr
Bond - Godrej Consumer Products Ltd	CP	Personal care	P1+	CRISIL	991.64	0.69%	1.00 Cr
Bond - Birla Group Holdings Private Ltd.	CP	Investment company	P1+	CRISIL	991.21	0.69%	1.00 Cr
Bond - Bajaj Finance Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	989.88	0.69%	1.00 Cr
Bond - Union Bank Of India	CD	Public sector bank	A1+	ICRA	987.62	0.69%	1.00 Cr
Bond - Bajaj Finance Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	986.69	0.69%	1.00 Cr
Bond - Axis Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	986.46	0.69%	1.00 Cr
Bond - ICICI Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	983.87	0.69%	1.00 Cr
Bond - HDFC Bank Ltd.	CD	Private sector bank	P1+	CRISIL	749.64	0.52%	75.00 L
Bond - ICICI Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	744.98	0.52%	75.00 L
Bond - Union Bank Of India	CD	Public sector bank	A1+	ICRA	497.37	0.35%	50.00 L
Bond - T-Bill	T-Bills	Other			497.05	0.35%	50.00 L
Bond - ICICI Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	496.05	0.35%	50.00 L
Bond - ICICI Securities Ltd.	CP	Stockbroking & allied	P1+	CRISIL	495.79	0.35%	50.00 L
Bond - Canara Bank	CD	Public sector bank	P1+	CRISIL	495.62	0.35%	50.00 L
Bond - ICICI Securities Primary Dealership Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	495.36	0.35%	50.00 L
Bond - Julius Baer Capital (India) Pvt Ltd.	CP	Non banking financial company (nbfc)	P1+	CRISIL	491.91	0.34%	50.00 L