Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth
Equity
Direct
Global - Other
NAV as on 27-11-2024
₹ 18.55
▲3.1%
1D
Inception Returns
21.4%
/yr
About Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth is an equity fund. This fund was started on 22 September, 2021. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth has ₹551 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.7.
Returns
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth has given a CAGR return of 21.43% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 50.08% and 20.05% respectively.
Holdings
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Communication, Consumer Cyclical, Health, Financial Services, Consumer Defensive, Energy, Industrial, Basic Materials, Utilities. Its top holdings are Mirae Asset S&P 500 Top 50 ETF
Taxation
As it is a global - 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 S&P 500 Top 50 ETF Fund of Fund Direct Growth
The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing predominantly in units of Mirae Asset S&P 500 Top 50 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 5000.00. Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth has no lock in period.
Historical NAV & Returns
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth Overview
| Expense ratio | 0.74% |
Benchmark | S&P 500 TOP 50 TR INR |
| AUM | ₹551 Cr |
| Inception Date | 22 September, 2021 |
| Min Lumpsum/SIP | --/-- |
Exit Load | 0.5% |
| Lock In | No Lock-in |
TurnOver | 1.11% |
| STCG | Selling within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Very High Risk |
Trailing Returns
as on (27-Nov-24)
Fund Distribution
as on (31-Dec-69)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Mirae Asset S&P 500 Top 50 ETF | 99.98% | -0.6% |
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹551 Cr
Expense Ratio 0.74%
Frequently Asked Questions for Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 15.13% | 15.13% |
6 Month Returns | 19.36% | 19.36% |
1 Year Returns | 50.08% | 50.08% |
3 Years Returns | 73% | 20.05% |
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 S&P 500 Top 50 ETF Fund of Fund Direct Growth | - | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth | - | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth | 3.17 | 0.65 | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth | 9.88 | 14.92 | - |