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
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 ₹13 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- 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 benefitDividends 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
Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth Overview
| Expense ratio | 0.47% |
Benchmark | Nifty India New Age Consumption TR INR |
| AUM | ₹13 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 |
Trailing Returns
as on (13-Mar-25)
Fund Distribution
as on (31-Dec-69)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Mirae Asset Nfty India Nw Age Cnsptn ETF | 99.22% | 4.7% |
Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth Highlights
Very High Risk
Fund Allocations
AUM size ₹13 Cr
Expense Ratio 0.47%
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 | -5.99% | -5.99% |
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.
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Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
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