Mirae Asset Great Consumer Fund Direct Growth
Equity
Direct
Equity - Consumption
NAV as on 19-11-2024
₹ 106.09
▲0.7%
1D
Inception Returns
19%
/yr
About Mirae Asset Great Consumer Fund Direct Growth
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 ₹4118 Cr worth of assets under management (AUM) as on Oct 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 18.97% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 24.54%, 18.12% and 21.19% respectively.
Holdings
Mirae Asset Great Consumer Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Consumer Defensive, Communication, Basic Materials, Industrial, Health, Financial Services. Its top holdings are Bharti Airtel Ltd, Zomato Ltd, ITC Ltd, Trent Ltd, Hindustan Unilever 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 99.00. Mirae Asset Great Consumer Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
2755 people have invested ₹ 3Cr in Mirae Asset Great Consumer Fund Direct Growth in the last three months
INDmoney Rank for Mirae Asset Great Consumer Fund Direct Growth
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.
Mirae Asset Great Consumer Fund Direct Growth Overview
| Expense ratio | 0.39% |
Benchmark | S&P BSE 500 India TR INR |
| AUM | ₹4118 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹99 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 15.69% |
| STCG | Redeeming 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 (19-Nov-24)
Fund Distribution
as on (31-Oct-24)
Large cap
64.9%
Small cap
24.9%
Mid cap
8.4%
Sector Allocation
Consumer Cyclical
46.9%
Consumer Defensive
25.6%
Communication
7.6%
Basic Materials
7.5%
Industrial
6.6%
Health
4.2%
Financial Services
1.6%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -9.94% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund underperformed Nifty 500 by 3.42% in Oct'24
- AUM of the fund stands at 4.1K Cr as of Oct'24
- AUM decreased by 378.2 Cr between Oct'24 and Sep'24
Top Stocks bought last month
Zomato Ltd's allocation increased from 3.92% to 5.72%
Mahindra & Mahindra Ltd's allocation increased from 2.34% to 2.75%
Sapphire Foods India Ltd's allocation increased from 1.22% to 1.56%
Top Stocks sold last month
Hindustan Unilever Ltd's allocation decreased from 4.74 % to 4.42 %
Maruti Suzuki India Ltd's allocation decreased from 4.8 % to 4.38 %
Asian Paints Ltd's allocation decreased from 4.37 % to 4.21 %
Mid Cap allocation has gone down from 8.8% to 8.4%
Large Cap allocation has gone up from 61.6% to 64.9%
Small Cap allocation has gone down from 26.4% to 24.9%
Cash allocation has gone down from 2.6% to 1.2%
Top 3 Sectors in October were Consumer Cyclical, Consumer Defensive & Industrial
Oct'24
Consumer Cyclical
47%
Consumer Defensive
26%
Communication
8%
Sep'24
Consumer Cyclical
46%
Consumer Defensive
25%
Industrial
9%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Bharti Airtel Ltd | 7.54% | 0% | |
 Zomato Ltd | 5.72% | 51.2% | |
 ITC Ltd | 5.46% | 0% | |
 Trent Ltd | 4.47% | 0% | |
 Hindustan Unilever Ltd | 4.42% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Vijaya Diagnostic Centre Ltd | 10.3% |
 Page Industries Ltd | 0.2% |
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Ankit Jain
Fund Manager of Mirae Asset Great Consumer Fund Direct Growth, since 5 October 2016
Top funds managed
Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.89L Cr
as on 31-Oct-2024
Address
Mirae Asset Investment Managers (India) Private Limited.,Unit No. 606, 6th Floor,,Windsor Bldg, Off CST Road,,Kalina, Santacruz (East), Mumbai - 400 098
Phone
91-22-22-6780300
Website
customercare@miraeasset.com
Mutual Fund Insights
In the last 1 year, HSBC Consumption Fund Direct Growth has given 36.02% return, outperforming this fund by 11.48%.
Over the last 6 months, this fund has decreased expense ratio by 18.7% moving from 0.48 to 0.39.
In the last 5 years, Nippon India Consumption Fund - Direct Plan - Growth Plan has given 24.25% return, outperforming this fund by 3.07% per annum.
This fund has one of the lowest expense ratio in the category (equity - consumption). Its expense ratio is 0.39% which is lower than the category average expense ratio of 1.36%.
In the last 3 years, SBI Consumption Opportunities Fund Direct Plan Growth has given 20.51% return, outperforming this fund by 2.39% per annum.
Over the last 1 month, this fund has experienced a 8.4% drop in AUM moving from 4.49K Cr to 4.11K Cr.
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 18.97% since inception which is more than its category average return of 15.36%
Fund Allocations
This fund has an allocation of 98.76% in Equity, 0% in Debt and 1.24% in Cash related instruments
AUM size ₹4118 Cr
This fund has AUM of ₹4118 Cr which is more than its category average of ₹ 1793 Cr
Expense Ratio 0.39%
This fund has an expense ratio of 0.39% which is less than its category average expense ratio of 1.28%
Frequently Asked Questions for Mirae Asset Great Consumer Fund Direct Growth
The current NAV of Mirae Asset Great Consumer Fund Direct Growth is ₹106.09 as on 19-Nov-2024.
Existing (Absolute + CAGR) as on 19-Nov-2024.
Mirae Asset Great Consumer Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -8.75% | -8.75% |
6 Month Returns | 7.8% | 7.8% |
1 Year Returns | 24.54% | 24.54% |
3 Years Returns | 64.8% | 18.12% |
5 Years Returns | 161.41% | 21.19% |
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0.39% as on October 2024
₹4118 Cr as on October 2024
Bharti Airtel Ltd(7.54%), Zomato Ltd(5.72%), ITC Ltd(5.46%), Trent Ltd(4.47%), Hindustan Unilever Ltd(4.42%) as on October 2024
Consumer Cyclical(46.28%), Consumer Defensive(25.26%), Communication(7.54%) as on October 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 | -1.35 | 2.52 | 3.14 |
As on October 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 | 0.98 | 0.92 | 1 |
As on October 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 | 1.51 | 0.99 | 0.93 |
As on October 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 | 17.44 | 14.4 | 17.73 |
As on October 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 1.78 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.43 as on October 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%