Mirae Asset Equity Allocator Fund of Fund Direct Growth

Mirae Asset Equity Allocator Fund of Fund Direct Growth is a hybrid fund. This fund was started on 21 September, 2020. The fund is managed by Bharti Sawant. This fund gives you the benefit of diversification.

1. Mirae Asset Equity Allocator Fund of Fund Direct Growth has ₹837 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
2. The fund has an expense ratio 0.
   

Mirae Asset Equity Allocator Fund of Fund Direct Growth has given a CAGR return of 26.38% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 34.52% and 19.18% respectively.

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

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 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
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 predominantly in units of domestic equity ETFs. 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 500.00. Mirae Asset Equity Allocator Fund of Fund Direct Growth has no lock in period.