Mirae Asset Nifty Total Market Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 20-12-2024
₹ 9.9
1D
Inception Returns
/yr
About Mirae Asset Nifty Total Market Index Fund Direct Growth
Mirae Asset Nifty Total Market Index Fund Direct Growth is an equity fund. This fund was started on 28 October, 2024. The fund is managed by Ekta Gala. The fund could potentially beat inflation in the long-run.
Key Parameters
- Mirae Asset Nifty Total Market Index Fund Direct Growth has ₹32 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.2.
Returns
Mirae Asset Nifty Total Market Index Fund Direct Growth has given a CAGR return of -1.02% since inception.
Holdings
Mirae Asset Nifty Total Market Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Basic Materials, Consumer Defensive, Energy, Health, Utilities, Communication, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, ITC Ltd
Taxation
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 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 Total Market Index Fund Direct Growth
The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of Nifty Total Market Total Return Index, subject to tracking error.
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 Total Market Index Fund Direct Growth has no lock in period.
Historical NAV & Returns
Mirae Asset Nifty Total Market Index Fund Direct Growth Overview
| Expense ratio | 0.22% |
Benchmark | Nifty Total Market TR INR |
| AUM | ₹32 Cr |
| Inception Date | 28 October, 2024 |
| Min Lumpsum/SIP | ₹5000/₹99 |
| Exit Load | 0% |
| 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 |
Fund Distribution
as on (30-Nov-24)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 6.83% | 0% | |
 ICICI Bank Ltd | 4.72% | 0% | |
 Reliance Industries Ltd | 4.68% | 0% | |
 Infosys Ltd | 3.28% | 0% | |
 ITC Ltd | 2.36% | 0% |
Top Growth Drivers | 1M Return |
|---|---|
 Infosys Ltd | 6.1% |
 Tata Consultancy Services Ltd | 4.9% |
 HDFC Bank Ltd | 3% |
Mirae Asset Nifty Total Market Index Fund Direct Growth Highlights
Very High Risk
Fund Allocations
AUM size ₹32 Cr
Expense Ratio 0.22%
Frequently Asked Questions for Mirae Asset Nifty Total Market Index Fund Direct Growth
Mirae Asset Nifty Total Market Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.59% | 1.59% |
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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