Historical NAV & Returns
Absolute
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847 people have invested ₹ 1.1Cr in Mirae Asset Flexi Cap Fund Direct Growth in the last three months
About Mirae Asset Flexi Cap Fund Direct Growth
Mirae Asset Flexi Cap Fund Direct Growth is an equity fund. This fund was started on 24 February, 2023. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- Mirae Asset Flexi Cap Fund Direct Growth has ₹2537 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
- The fund has an expense ratio 0.5.
Returns
Mirae Asset Flexi Cap Fund Direct Growth has given a CAGR return of 21.77% since inception. Over the last 1 year the fund has given a CAGR return of 11.39%.
Holdings
Mirae Asset Flexi Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Health, Basic Materials, Tech, Consumer Defensive, Energy, Real Estate, Communication. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, State Bank of India, Infosys Ltd
Taxation
As it is a flexi cap 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 Flexi Cap Fund Direct Growth
The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing predominantly in Indian equity and equity related instruments across market capitalization. However, 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 Flexi Cap Fund Direct Growth has no lock in period.
Mirae Asset Flexi Cap Fund Direct Growth Overview
| Expense ratio | 0.48% |
Benchmark | Nifty 500 TR INR |
| AUM | ₹2537 Cr |
| Inception Date | 24 February, 2023 |
| Min Lumpsum/SIP | ₹5000/₹99 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 11.74% |
| 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 (23-Apr-25)
Fund Distribution
as on (31-Mar-25)
Large cap
64.4%
Small cap
18.7%
Mid cap
14.7%
Sector Allocation
Financial Services
31.1%
Industrial
13.2%
Consumer Cyclical
11.3%
Health
10.1%
Basic Materials
8.3%
Tech
8.3%
Consumer Defensive
6.5%
Energy
5.9%
Real Estate
2.8%
Communication
2.4%
All changes are between Jan'25 and Mar'25
- This fund’s returns stands at 7.01% whereas the fund’s underlying benchmark Nifty 500 returns stands at 7.25% as on Mar'25
- This fund underperformed Nifty 500 by 0.24% in Mar'25
- AUM of the fund stands at 2.5K Cr as of Mar'25
- AUM increased by 213.1 Cr between Mar'25 and Feb'25
Top Stocks bought last month
Bharat Petroleum Corp Ltd's allocation increased from 0.53% to 0.95%
Reliance Industries Ltd's allocation increased from 3.27% to 3.53%
Sun Pharmaceuticals Industries Ltd's allocation increased from 0.74% to 0.94%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 7.43 % to 7.18 %
Infosys Ltd's allocation decreased from 3.33 % to 2.84 %
Axis Bank Ltd's allocation decreased from 2.67 % to 2.65 %
Large Cap allocation has gone up from 63.8% to 64.4%
Small Cap allocation has gone down from 19.9% to 18.7%
Mid Cap allocation has gone down from 15% to 14.7%
Cash allocation has gone up from 0.6% to 1.4%
Top 3 Sectors in March were Financial Services, Industrial & Consumer Cyclical
Mar'25
Financial Services
31%
Industrial
13%
Consumer Cyclical
11%
Feb'25
Financial Services
31%
Industrial
13%
Consumer Cyclical
12%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 7.18% | 0% | |
 ICICI Bank Ltd | 5.33% | 0% | |
 Reliance Industries Ltd | 3.53% | 11.1% | |
 State Bank of India | 3.33% | 0% | |
 Infosys Ltd | 2.84% | 0% |
See all
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
 Mirae Asset Flexi Cap Fund Direct Growth | 11.39% | - | - | 21.77% |
 HDFC Flexi Cap Fund -Direct Plan - Growth Option | 18.96% | 23.67% | 31.89% | 17.24% |
 UTI Flexi Cap Fund - Growth Option - Direct | 16.06% | 10.1% | 21.43% | 14.62% |
 Parag Parikh Flexi Cap Direct Growth | 14.58% | 19.82% | 29.63% | 20% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 HDFC Bank Ltd | 9% |
 ICICI Bank Ltd | 4.3% |
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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 Flexi Cap 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 21.77% since inception which is more than its category average return of 16.17%
Fund Allocations
This fund has an allocation of 98.62% in Equity, 0% in Debt and 1.38% in Cash related instruments
AUM size ₹2537 Cr
This fund has AUM of ₹2537 Cr which is less than its category average of ₹ 9134 Cr
Expense Ratio 0.48%
This fund has an expense ratio of 0.48% which is less than its category average expense ratio of 1.34%
Frequently Asked Questions for Mirae Asset Flexi Cap Fund Direct Growth
The current NAV of Mirae Asset Flexi Cap Fund Direct Growth is ₹15.3 as on 23-Apr-2025.
Existing (Absolute + CAGR) as on 23-Apr-2025.
Mirae Asset Flexi Cap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.57% | 3.57% |
6 Month Returns | -1.23% | -1.23% |
1 Year Returns | 11.39% | 11.39% |
3 Years Returns | 0% | 0% |
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.
0.48% as on March 2025
₹2537 Cr as on March 2025
HDFC Bank Ltd(7.18%), ICICI Bank Ltd(5.33%), Reliance Industries Ltd(3.53%), State Bank of India(3.33%), Infosys Ltd(2.84%) as on March 2025
Financial Services(30.7%), Industrial(13.03%), Consumer Cyclical(11.13%) as on March 2025
The alpha ratio for the Mirae Asset Flexi Cap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mirae Asset Flexi Cap Fund Direct Growth | 2.1 | - | - |
As on March 2025
The alpha for Mirae Asset Flexi Cap Fund Direct Growth is calculated against Nifty 500 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 Flexi Cap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset Flexi Cap Fund Direct Growth | 0.94 | - | - |
As on March 2025
The Beta for Mirae Asset Flexi Cap Fund Direct Growth is calculated with Nifty 500 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 Flexi Cap 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 Flexi Cap Fund Direct Growth | 0.18 | - | - |
As on March 2025
The sharpe ratio for Mirae Asset Flexi Cap Fund Direct Growth is calculated with Nifty 500 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 Flexi Cap 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 Flexi Cap Fund Direct Growth | 15.92 | - | - |
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.
The Exit load of Mirae Asset Flexi Cap Fund Direct Growth is 1%