Mirae Asset Great Consumer Fund Direct Growth
Equity
Direct
Equity - Consumption
About the Fund
Mirae Asset Great Consumer Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Ankit Jain. The fund could potentially beat inflation in the long-run.
Key Parameters
- Mirae Asset Great Consumer Fund Direct Growth has ₹3409 Cr worth of assets under management (AUM) as on May 2024 and is more than category average.
- The fund has an expense ratio 0.4.
Returns
Mirae Asset Great Consumer Fund Direct Growth has given a CAGR return of 19.62% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 36.10%, 24.10% and 22.87% respectively.
Holdings
Mirae Asset Great Consumer Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Consumer Defensive, Industrial, Communication, Financial Services, Basic Materials, Health, Real Estate. Its top holdings are Bharti Airtel Ltd, ITC Ltd, Hindustan Unilever Ltd, Titan Co Ltd, Maruti Suzuki India Ltd
Taxation
As it is a equity - consumption mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Mirae Asset Great Consumer Fund Direct Growth
The investment objective of the scheme is to generate long term capital appreciation by investing in a portfolio of companies/funds that are likely to benefit either directly or indirectly from consumption led demand in India. The Scheme does not guarantee or assure any returns.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. Mirae Asset Great Consumer Fund Direct Growth has no lock in period.
Fund Performance
1775 people have invested ₹ 2Cr in Mirae Asset Great Consumer Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
IND ranking is not available for this fund.
Among most bought funds within the category
Lower expense ratio
Larger AUM within category
No bad points found for this fund.
Fund Overview
| Expense ratio | 0.44% |
Benchmark | S&P BSE 500 India TR INR |
| AUM | ₹3409 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1% |
| Lock In | No Lock-in |
TurnOver | 32.54% |
| Risk |   Very High Risk |
Fund Distributionas on (31-May-24)
Large cap
62.4%
Small cap
31.1%
Mid cap
5.9%
Sector Allocation
Consumer Cyclical
45.4%
Consumer Defensive
25.2%
Industrial
11.1%
Communication
7.1%
Basic Materials
4.7%
Financial Services
4.3%
Health
2.2%
All changes are between Mar'24 and May'24
as on (30-Jun-24)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Bharti Airtel Ltd | 6.14% | 0% | |
 ITC Ltd | 5.92% | 0% | |
 Hindustan Unilever Ltd | 4.08% | 3.8% | |
 Titan Co Ltd | 3.68% | 0% | |
 Maruti Suzuki India Ltd | 3.51% | 0% |
See all
See all
Returns for the month of May
Top Growth Drivers | 1M Return |
|---|---|
 Whirlpool of India Ltd | 29.1% |
 Trent Ltd | 18.3% |
 Zomato Ltd | 16.3% |
Ankit Jain
Fund Manager of Mirae Asset Great Consumer Fund Direct Growth, since 5 October 2016
Top funds managed
Mutual Fund Insights
In the last 5 years, Nippon India Consumption Fund - Direct Plan - Growth Plan has given 26.07% return, outperforming this fund by 3.2% per annum.
Over the last 15 months, this fund has decreased expense ratio by 12.0% moving from 0.50 to 0.44.
Over the last 6 months, this fund has experienced a 17.4% growth in AUM moving from 2.90K Cr to 3.40K Cr.
In the last 1 year, Nippon India Consumption Fund - Direct Plan - Growth Plan has given 41.76% return, outperforming this fund by 5.66%.
This fund has one of the lowest expense ratio in the category (equity - consumption). Its expense ratio is 0.44% which is lower than the category average expense ratio of 1.47%.
In the last 3 years, SBI Consumption Opportunities Fund Direct Plan Growth has given 26.9% return, outperforming this fund by 2.8% per annum.
Mirae Asset Great Consumer Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 19.62% since inception which is more than its category average return of 18.87%
Fund Allocations
This fund has an allocation of 99.33% in Equity, 0% in Debt and 0.67% in Cash related instruments
AUM size ₹3409 Cr
This fund has AUM of ₹3409 Cr which is more than its category average of ₹ 1453 Cr
Expense Ratio 0.44%
This fund has an expense ratio of 0.44% which is less than its category average expense ratio of 1.51%
Frequently Asked Questions
The current NAV of Mirae Asset Great Consumer Fund Direct Growth is ₹105.92 as on 02-Jul-2024.
Existing (Absolute + CAGR) as on 02-Jul-2024.
Mirae Asset Great Consumer Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 8.68% | 8.68% |
6 Month Returns | 16.06% | 16.06% |
1 Year Returns | 36.1% | 36.1% |
3 Years Returns | 91.13% | 24.1% |
5 Years Returns | 180.08% | 22.87% |
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0.44% as on June 2024
₹3409 Cr as on June 2024
Bharti Airtel Ltd(6.14%), ITC Ltd(5.92%), Hindustan Unilever Ltd(4.08%), Titan Co Ltd(3.68%), Maruti Suzuki India Ltd(3.51%) as on June 2024
Consumer Cyclical(41.22%), Consumer Defensive(25.23%), Industrial(11.02%) as on June 2024
The alpha ratio for the Mirae Asset Great Consumer Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mirae Asset Great Consumer Fund Direct Growth | 1.52 | 3.52 | 2.67 |
As on June 2024
The alpha for Mirae Asset Great Consumer Fund Direct Growth is calculated against S&P BSE 500 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Mirae Asset Great Consumer Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset Great Consumer Fund Direct Growth | 0.94 | 0.88 | 1.01 |
As on June 2024
The Beta for Mirae Asset Great Consumer Fund Direct Growth is calculated with S&P BSE 500 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Mirae Asset Great Consumer Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Mirae Asset Great Consumer Fund Direct Growth | 2.17 | 1.36 | 0.99 |
As on June 2024
The sharpe ratio for Mirae Asset Great Consumer Fund Direct Growth is calculated with S&P BSE 500 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Mirae Asset Great Consumer Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Mirae Asset Great Consumer Fund Direct Growth | 11.19 | 12.51 | 17.34 |
As on June 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 3.31 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.44 as on June 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Ankit Jain is the fund manager of Mirae Asset Great Consumer Fund Direct Growth
The Exit load of Mirae Asset Great Consumer Fund Direct Growth is 1%