Mirae Asset Multi Asset Allocation Fund Direct Growth

Mirae Asset Multi Asset Allocation Fund Direct Growth is a hybrid fund. This fund was started on 31 January, 2024. The fund is managed by Mahendra Jajoo, Siddharth Srivastava, Harshad Borawake. This fund gives you the benefit of diversification.

1. Mirae Asset Multi Asset Allocation Fund Direct Growth has ₹1991 Cr worth of assets under management (AUM) as on May 2025 and is less than category average.
2. The fund has an expense ratio 0.4.
   

Mirae Asset Multi Asset Allocation Fund Direct Growth has given a CAGR return of 16.26% since inception. Over the last 1 year the fund has given a CAGR return of 12.85%.

Mirae Asset Multi Asset Allocation Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Corporate, Consumer Cyclical, Industrial, Tech, Basic Materials, Health, Energy, Consumer Defensive, Communication, Utilities, Real Estate.

As it is a multi asset allocation 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).

The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in equity and equity related securities, Debt and money market instruments, Gold ETFs, Silver ETFs and Exchange Traded Commodity Derivatives. However, there is no assurance that the investment objective of the Scheme will be realized.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 99.00. Mirae Asset Multi Asset Allocation Fund Direct Growth has no lock in period.