Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth
Equity
Direct
Global - Other
NAV: ₹ 9.41 as on 16-04-2024
Fund Performance
669 people have invested ₹ 39.1L in Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth in the last three months
About the Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth is an equity fund. This fund was started on 7 September, 2022. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth has ₹96 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.
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth Overview
 | 0.73% |
 Benchmark | Solactive Autonomous & EV TR USD |
 | ₹96 Cr |
 | 7 September, 2022 |
 | --/-- |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 3.91% |
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth Distribution as on (31-Dec-69)
Size breakup
Large cap
57.8%
Small cap
22.4%
Mid cap
19.1%
Sector Allocation
Consumer Cyclical
31%
Tech
27%
Industrial
21%
Basic Materials
17.6%
Communication
3.5%
Top Holdings of Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth as on (31-Mar-24)
Equity Holdings3
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Global XAutonomous&ElectricvhclsETF$ Acc | 79.37% | 1.2% | |
Global X Lithium & Battery TechETFUSDAcc | 10.15% | 0% | |
Global X China Electric Vhcl &BatteryETF | 9.98% | 0% |
Peer Analysis
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
Fund Allocations
This fund has an allocation of 99.41% in Equity, 0% in Debt and 0.59% in Cash related instruments
AUM size ₹96 Cr
This fund has AUM of ₹96 Cr which is less than its category average of ₹ 511 Cr
Expense Ratio 0.73%
This fund has an expense ratio of 0.73% which is less than its category average expense ratio of 1.4%
Frequently Asked Questions
The current NAV of Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth is ₹9.41 as on 16-Apr-2024.
Existing (Absolute + CAGR) as on 16-Apr-2024.
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -2.69% | -2.69% |
6 Month Returns | -1.76% | -1.76% |
1 Year Returns | -3.99% | -3.99% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
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0.73% as on March 2024
₹96 Cr as on March 2024
Consumer Cyclical(30.78%), Tech(26.81%), Industrial(20.87%) as on March 2024
The alpha ratio for the Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth | - | - | - |
As on March 2024
The alpha for Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth is calculated against Solactive Autonomous & EV TR USD. 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 Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth | - | - | - |
As on March 2024
The Beta for Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth is calculated with Solactive Autonomous & EV TR USD. 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 Global Electric & Autonomous Vehicles ETFs 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 Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth | -0.15 | - | - |
As on March 2024
The sharpe ratio for Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth is calculated with Solactive Autonomous & EV TR USD. 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 Global Electric & Autonomous Vehicles ETFs 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 Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth | 29.1 | - | - |
As on March 2024
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 Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth is 1%