Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth
Equity
Direct
Equity - Other
NAV as on 10-01-2025
₹ 9.4
1D
Inception Returns
/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
- Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth has ₹0 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.
Returns
Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth has given a CAGR return of -4.72% since inception.
Holdings
Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth has allocated its funds majorly in . Its top holdings are
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 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 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
Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth Overview
| Expense ratio | -- |
Benchmark | Nifty India New Age Consumption TR INR |
| AUM | ₹0 Cr |
| Inception Date | 27 December, 2024 |
| Min Lumpsum/SIP | ₹5000/₹99 |
Exit Load | 0.1% |
| Lock In | No Lock-in |
TurnOver | 0% |
| 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 |
Frequently Asked Questions for 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 | Absolute Returns | CAGR Returns |
1 Month Returns | 0% | 0% |
6 Month Returns | 0% | 0% |
1 Year Returns | 0% | 0% |
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 Nifty India New Age Consumption ETF Fund of Fund Direct Growth | - | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
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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 | - | - | - |
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 | - | - | - |