Mirae Asset Equity Allocator Fund of Fund Direct Growth
NAV as on 29-04-2025
₹ 23.92
▲1.3%
1D
Inception Returns
20.9%
/yr
Historical NAV & Returns
About 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.
Key Parameters
- Mirae Asset Equity Allocator Fund of Fund Direct Growth has ₹853 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.2.
Returns
Mirae Asset Equity Allocator Fund of Fund Direct Growth has given a CAGR return of 20.86% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 7.43% and 14.96% respectively.
Holdings
Mirae Asset Equity Allocator Fund of Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Consumer Cyclical, Industrial, Energy, Basic Materials, Consumer Defensive, Health, Utilities, Communication, Real Estate.
Taxation
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 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitLong term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).
Investment objective of Mirae Asset Equity Allocator 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 domestic equity ETFs. 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 99.00. Mirae Asset Equity Allocator Fund of Fund Direct Growth has no lock in period.
Mirae Asset Equity Allocator Fund of Fund Direct Growth Overview
| Expense ratio | 0.22% |
Benchmark | Nifty 200 TR INR |
| AUM | ₹853 Cr |
| Inception Date | 21 September, 2020 |
| Min Lumpsum/SIP | ₹5000/₹99 |
Exit Load | 0.1% |
| Lock In | No Lock-in |
TurnOver | 8.08% |
| 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 |
Trailing Returns
as on (29-Apr-25)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 853.1 Cr as of Mar'25
- AUM increased by 48.4 Cr between Mar'25 and Feb'25
Top 3 Sectors in March were Financial Services, Tech & Consumer Cyclical
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Mirae Asset Nifty 50 ETF | 65.74% | 4.6% | |
Mirae Asset Nifty Midcap 150 ETF | 17.77% | -22.2% | |
Mirae Asset Nifty Next50 ETF | 14.83% | -1.5% |
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Mirae Asset Equity Allocator Fund of Fund Direct Growth | 7.43% | 14.96% | - | 20.86% |
 ICICI Prudential Thematic Advantage Fund(FOF) Direct Plan Growth | 19.91% | 20.36% | 30.48% | 16.41% |
 Kotak Multi Asset Allocator Fund of Fund - Dynamic Direct Growth | 12.76% | 19.15% | 23.53% | 15.91% |
ICICI Prudential India Equity FOF Direct Growth | 12.6% | 20.75% | 30.82% | 24.31% |
Mirae Asset Equity Allocator Fund of Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹853 Cr
Expense Ratio 0.22%
Frequently Asked Questions for Mirae Asset Equity Allocator Fund of Fund Direct Growth
Mirae Asset Equity Allocator Fund of Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.63% | 3.63% |
6 Month Returns | -1.86% | -1.86% |
1 Year Returns | 7.43% | 7.43% |
3 Years Returns | 51.92% | 14.96% |
- 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.