Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth
NAV as on 15-04-2025
₹ 17.04
▲3.1%
1D
Inception Returns
15.9%
/yr
Historical NAV & Returns
Absolute
▲
▼
355 people have invested ₹ 22.9L in Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth in the last three months
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 Ekta Gala. 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 ₹576 Cr worth of assets under management (AUM) as on Dec 1969 and is less 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 15.88% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 3.00% and 16.96% 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, Financial Services, Health, 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 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 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.
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth Overview
| Expense ratio | 0.67% |
Benchmark | S&P 500 TOP 50 TR INR |
| AUM | ₹576 Cr |
| Inception Date | 22 September, 2021 |
| Min Lumpsum/SIP | --/-- |
Exit Load | 0.5% |
| Lock In | No Lock-in |
TurnOver | 1.11% |
| STCG | If held for less than 24 months - slab rates. |
| LTCG | If held for more than 24 months - 12.5% without indexation. |
| Risk |   Very High Risk |
Trailing Returns
as on (15-Apr-25)
Fund Distribution
as on (31-Dec-69)
Sector Allocation
Tech
41.7%
Communication
14.1%
Consumer Cyclical
11.4%
Financial Services
11.2%
Health
9.7%
Consumer Defensive
6.8%
Energy
2.5%
Industrial
1.3%
Basic Materials
0.7%
Utilities
0.5%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Mirae Asset S&P 500 Top 50 ETF | 100% | -1.7% |
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth | 3% | 16.96% | - | 15.88% |
 DSP World Gold Fund of Fund Direct Plan Growth | 55.13% | 14.46% | 14.57% | 4.53% |
 Motilal Oswal Nasdaq 100 Fund of Fund Direct Growth | 11.56% | 16.89% | 21.37% | 21.94% |
Motilal Oswal S&P 500 Index Fund Direct Growth | 7.66% | 11.21% | - | 16.43% |
See all
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Ekta Gala
Fund Manager of Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth, since 22 September 2021
Top funds managed
Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.68L Cr
as on 31-Mar-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 S&P 500 Top 50 ETF Fund of Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 15.88% since inception which is more than its category average return of 6.78%
Fund Allocations
This fund has an allocation of 99.94% in Equity, 0% in Debt and 0.06% in Cash related instruments
AUM size ₹576 Cr
This fund has AUM of ₹576 Cr which is less than its category average of ₹ 579 Cr
Expense Ratio 0.67%
This fund has an expense ratio of 0.67% which is less than its category average expense ratio of 1.38%
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Frequently Asked Questions for Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth
The current NAV of Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth is ₹17.04 as on 15-Apr-2025.
Existing (Absolute + CAGR) as on 15-Apr-2025.
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -2.77% | -2.77% |
6 Month Returns | 6.25% | 6.25% |
1 Year Returns | 3% | 3% |
3 Years Returns | 60.01% | 16.96% |
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.
0.67% as on March 2025
₹576 Cr as on March 2025
Tech(41.69%), Communication(14.09%), Consumer Cyclical(11.44%) as on March 2025
The alpha ratio for the Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth | - | - | - |
As on March 2025
The alpha for Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth is calculated against S&P 500 TOP 50 TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth | - | - | - |
As on March 2025
The Beta for Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth is calculated with S&P 500 TOP 50 TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth for various period is as follows:
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 | 0.67 | 0.61 | - |
As on March 2025
The sharpe ratio for Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth is calculated with S&P 500 TOP 50 TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth for various period is as follows:
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 | 24.61 | 18.81 | - |
As on March 2025
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1 as on March 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Ekta Gala is the fund manager of Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth
The Exit load of Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth is 0.5%