Mirae Asset Multicap Fund Direct Growth
Equity
Direct
Multi-Cap
NAV as on 20-12-2024
₹ 13.91
1D
Inception Returns
30.1%
/yr
About Mirae Asset Multicap Fund Direct Growth
Mirae Asset Multicap Fund Direct Growth is an equity fund. This fund was started on 21 August, 2023. The fund is managed by Ankit Jain. The fund could potentially beat inflation in the long-run.
Key Parameters
- Mirae Asset Multicap Fund Direct Growth has ₹3437 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.4.
Returns
Mirae Asset Multicap Fund Direct Growth has given a CAGR return of 30.07% since inception. Over the last 1 year the fund has given a CAGR return of 23.27%.
Holdings
Mirae Asset Multicap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Tech, Health, Basic Materials, Energy, Utilities, Communication, Consumer Defensive, Real Estate. Its top holdings are HDFC Bank Ltd, Axis Bank Ltd, State Bank of India, Larsen & Toubro Ltd, ICICI Bank Ltd
Taxation
As it is a multi-cap 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 Multicap Fund Direct Growth
The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing predominantly in Indian equity and equity related securities of large cap, mid cap and small cap companies. However, 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 Multicap Fund Direct Growth has no lock in period.
Historical NAV & Returns
Mirae Asset Multicap Fund Direct Growth Overview
| Expense ratio | 0.43% |
Benchmark | S&P BSE 500 India TR INR |
| AUM | ₹3437 Cr |
| Inception Date | 21 August, 2023 |
| Min Lumpsum/SIP | ₹5000/₹99 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 35.65% |
| 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 (20-Dec-24)
Fund Distribution
as on (30-Nov-24)
- This fund’s returns stands at 0.46% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 1.06% in Nov'24
- AUM of the fund stands at 3.4K Cr as of Nov'24
- AUM decreased by 112.1 Cr between Nov'24 and Oct'24
Top 3 Sectors in November were Financial Services, Consumer Cyclical & Industrial
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 4.43% | 9.6% | |
 Axis Bank Ltd | 3.85% | -4.3% | |
 State Bank of India | 3.01% | -5.9% | |
 Larsen & Toubro Ltd | 2.85% | 0% | |
 ICICI Bank Ltd | 1.98% | 0% |
Top Growth Drivers | 1M Return |
|---|---|
 One 97 Communications Ltd | 23.9% |
 Avalon Technologies Ltd | 5.9% |
 Vijaya Diagnostic Centre Ltd | 0.2% |
Mirae Asset Multicap Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹3437 Cr
Expense Ratio 0.43%
Frequently Asked Questions for Mirae Asset Multicap Fund Direct Growth
Mirae Asset Multicap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.88% | 4.88% |
6 Month Returns | 5.9% | 5.9% |
1 Year Returns | 23.27% | 23.27% |
3 Years Returns | 0% | 0% |
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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mirae Asset Multicap Fund Direct Growth | 0.3 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset Multicap Fund Direct Growth | 1 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Mirae Asset Multicap Fund Direct Growth | 1.52 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Mirae Asset Multicap Fund Direct Growth | 13.29 | - | - |