Mirae Asset Nifty LargeMidcap 250 Index Fund Direct Growth

Mirae Asset Nifty LargeMidcap 250 Index Fund Direct Growth is an equity fund. This fund was started on 24 October, 2024. The fund is managed by . The fund could potentially beat inflation in the long-run.

1. Mirae Asset Nifty LargeMidcap 250 Index Fund Direct Growth has ₹11 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.
   

Mirae Asset Nifty LargeMidcap 250 Index Fund Direct Growth has given a CAGR return of -0.44% since inception.

Mirae Asset Nifty LargeMidcap 250 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Basic Materials, Health, Consumer Defensive, Energy, Utilities, Communication, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, ITC Ltd

As it is a index funds 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 benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of Nifty LargeMidcap 250 Total Return Index, subject to tracking error.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 99.00. Mirae Asset Nifty LargeMidcap 250 Index Fund Direct Growth has no lock in period.