Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir Fund Direct Growth

Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir Fund Direct Growth

Hybrid

Direct

Fund Of Funds

NAV as on 12-03-2025

₹ 8.36

0.3%

1D

Inception Returns

-14.7%

/yr

About Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir Fund Direct Growth

Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir Fund Direct Growth is a hybrid fund. This fund was started on 31 May, 2024. The fund is managed by Ekta Gala. This fund gives you the benefit of diversification.

Key Parameters

  1. Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir Fund Direct Growth has ₹204 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.8.

Returns

Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir Fund Direct Growth has given a CAGR return of -14.68% since inception.

Holdings

Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Industrial, Financial Services, Health, Basic Materials, Consumer Defensive, Consumer Cyclical, Energy, Communication, Utilities, Real Estate.

Taxation

As it is a fund of funds mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
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
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir 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 MidSmallcap400 Momentum Quality 100 ETF. 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 Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir Fund Direct Growth has no lock in period.

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
1818 people have invested ₹ 1.2Cr in Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir Fund Direct Growth in the last three months

Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir Fund Direct Growth Overview

Expense ratio0.8%
Benchmark
NiftyMidSmallcap400MomentumQuality100TRI
AUM₹204 Cr
Inception Date31 May, 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 (12-Mar-25)

Period
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir Fund Direct Growth
Fund of Funds Index
1M
-6.3%
-
3M
-23.9%
-
6M
-22.7%
-

Fund Distribution

as on (31-Dec-69)

  • Equity 100%

Mid cap
67.8%

Small cap
22.8%

Large cap
9.6%

Sector Allocation

Jan'25

Dec'24

Nov'24

Tech
25.5%
Industrial
19.4%
Financial Services
15.1%
Health
12.3%
Basic Materials
8.7%
Consumer Defensive
7.1%
Energy
2.9%
Communication
2.7%
Consumer Cyclical
2.5%
Utilities
1.8%
Real Estate
1.8%
All changes are between Oct'69 and Dec'69
Parameters
Jan'25
Dec'24
Nov'24
AUM
₹ 215.7 Cr
₹ 208.6 Cr
₹ 184.3 Cr
  • AUM of the fund stands at 215.7 Cr as of Jan'25
  • AUM increased by 7.1 Cr between Jan'25 and Dec'24

Top 3 Sectors in January were Industrial, Tech & Basic Materials

Jan'25
Tech
25%
Industrial
19%
Financial Services
15%
Dec'24
Industrial
36%
Tech
16%
Basic Materials
13%
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Ekta Gala
Ekta Gala
Fund Manager of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir Fund Direct Growth, since 31 May 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 MidSmallcap400 Momentum Quality 100 ETF FoF Dir 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 100.41% in Equity, 0% in Debt and -0.41% in Cash related instruments
AUM size ₹204 Cr

AUM size ₹204 Cr

This fund has AUM of ₹204 Cr which is less than its category average of ₹ 777 Cr
Expense Ratio 0.8%

Expense Ratio 0.8%

This fund has an expense ratio of 0.8% which is more than its category average expense ratio of 0.74%

Frequently Asked Questions for Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir Fund Direct Growth

The current NAV of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir Fund Direct Growth is ₹8.36 as on 12-Mar-2025.
Existing (Absolute + CAGR) as on 12-Mar-2025.
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-6.3%
-6.3%
6 Month Returns
-22.7%
-22.7%
1 Year Returns
0%
0%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • 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.
0.8% as on February 2025
₹204 Cr as on February 2025
Tech(23.96%), Industrial(18.27%), Financial Services(15.02%) as on February 2025
Ekta Gala is the fund manager of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir Fund Direct Growth
The Exit load of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir Fund Direct Growth is 0.05%