Mirae Asset Equity Allocator Fund of Fund Direct Growth
Hybrid
Direct
Fund Of Funds
NAV as on 05-03-2025
₹ 21.95
▲0.1%
1D
Inception Returns
18.9%
/yr
About Mirae Asset Equity Allocator Fund of Fund Direct Growth
Mirae Asset Equity Allocator Fund of Fund Direct Growth is a hybrid fund. This fund was started on 21 September, 2020. The fund is managed by Bharti Sawant. This fund gives you the benefit of diversification.
Key Parameters
- Mirae Asset Equity Allocator Fund of Fund Direct Growth has ₹848 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.2.
Returns
Mirae Asset Equity Allocator Fund of Fund Direct Growth has given a CAGR return of 18.88% since inception. Over the last 1 and 3 years the fund has given a CAGR return of -1.36% and 13.49% respectively.
Holdings
Mirae Asset Equity Allocator Fund of Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Consumer Cyclical, Industrial, Energy, Consumer Defensive, Basic Materials, Health, Utilities, Communication, Real Estate.
Taxation
As it is a fund of funds mutual fund the taxation is as follows:If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:For short term (less than a year) capital gains will be taxed at 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitLong term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).
Investment objective of Mirae Asset Equity Allocator Fund of Fund Direct Growth
The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing predominantly in units of domestic equity ETFs. There is no assurance that the investment objective of the Scheme will be realized.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 99.00. Mirae Asset Equity Allocator Fund of Fund Direct Growth has no lock in period.
Historical NAV & Returns
Mirae Asset Equity Allocator Fund of Fund Direct Growth Overview
| Expense ratio | 0.19% |
Benchmark | IISL Nifty 200 TR INR |
| AUM | ₹848 Cr |
| Inception Date | 21 September, 2020 |
| Min Lumpsum/SIP | ₹5000/₹99 |
Exit Load | 0.1% |
| Lock In | No Lock-in |
TurnOver | 8.08% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (05-Mar-25)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 847.9 Cr as of Jan'25
- AUM decreased by 15.9 Cr between Jan'25 and Dec'24
Top 3 Sectors in January were Financial Services, Tech & Industrial
Mirae Asset Equity Allocator Fund of Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹848 Cr
Expense Ratio 0.19%
Frequently Asked Questions for Mirae Asset Equity Allocator Fund of Fund Direct Growth
Mirae Asset Equity Allocator Fund of Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -7.82% | -7.82% |
6 Month Returns | -15.37% | -15.37% |
1 Year Returns | -1.36% | -1.36% |
3 Years Returns | 46.18% | 13.49% |
5 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.