Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth

Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth

Equity

Direct

Equity - Other

NAV as on 13-03-2025

₹ 8.24

-0.9%

1D

Inception Returns

-17.6%

/yr

About Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth

Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth is an equity fund. This fund was started on 27 December, 2024. The fund is managed by Ekta Gala. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth has ₹13 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.5.

Returns

Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth has given a CAGR return of -17.62% since inception.

Holdings

Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Communication, Real Estate, Industrial, Financial Services, Tech, Consumer Defensive. Its top holdings are Mirae Asset Nfty India Nw Age Cnsptn ETF

Taxation

As it is a equity - other mutual fund the taxation is as follows:
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 benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

Investment objective of Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth

The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset Nifty India New Age Consumption ETF. The Scheme does not guarantee or assure any returns. There is no assurance that the investment objective of the Scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 99.00. Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth has no lock in period.

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
506 people have invested ₹ 37.7L in Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth in the last three months

Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth Overview

Expense ratio0.47%
Benchmark
Nifty India New Age Consumption TR INR
AUM₹13 Cr
Inception Date27 December, 2024
Min Lumpsum/SIP₹5000/₹99
Exit Load
0.1%
Lock InNo Lock-in
TurnOver
0%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (13-Mar-25)

Period
Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth
Nifty 500
equity - other
1M
-6%
-2.2%
-

Fund Distribution

as on (31-Dec-69)

  • Equity 99.2%

  • Debt & Cash 0.8%

Large cap
61.6%

Mid cap
27.5%

Small cap
10.2%

Sector Allocation

Feb'25

Jan'25

Dec'24

Consumer Cyclical
56.9%
Communication
11.6%
Real Estate
9.9%
Industrial
8.4%
Financial Services
7.1%
Tech
3.7%
Consumer Defensive
2.4%
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Ekta Gala
Ekta Gala
Fund Manager of Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth, since 27 December 2024
Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.86L Cr
as on 31-Jan-2025
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

Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
Fund Allocations

Fund Allocations

This fund has an allocation of 99.2% in Equity, 0% in Debt and 0.8% in Cash related instruments
AUM size ₹13 Cr

AUM size ₹13 Cr

This fund has AUM of ₹13 Cr which is less than its category average of ₹ 2038 Cr
Expense Ratio 0.47%

Expense Ratio 0.47%

This fund has an expense ratio of 0.47% which is less than its category average expense ratio of 1.29%

Frequently Asked Questions for Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth

The current NAV of Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth is ₹8.24 as on 13-Mar-2025.
Existing (Absolute + CAGR) as on 13-Mar-2025.
Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-5.99%
-5.99%
6 Month Returns
0%
0%
1 Year Returns
0%
0%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
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  • Select your bank account and proceed with Payment.
0.47% as on February 2025
₹13 Cr as on February 2025
Consumer Cyclical(56.45%), Communication(11.55%), Real Estate(9.82%) as on January 1
The alpha ratio for the Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth
-
-
-
As on February 2025
The alpha for Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth is calculated against Nifty India New Age Consumption 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 Nifty India New Age Consumption ETF Fund of Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth
-
-
-
As on February 2025
The Beta for Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth is calculated with Nifty India New Age Consumption 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 Nifty India New Age Consumption ETF Fund of 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 Nifty India New Age Consumption ETF Fund of Fund Direct Growth
-
-
-
As on February 2025
The sharpe ratio for Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth is calculated with Nifty India New Age Consumption 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 Nifty India New Age Consumption ETF Fund of 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 Nifty India New Age Consumption ETF Fund of Fund Direct Growth
-
-
-
As on February 2025
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.
Ekta Gala is the fund manager of Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth
The Exit load of Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth is 0.05%