Mirae Asset Great Consumer Direct Plan Growth
Equity
Direct
Equity - Consumption
NAV: ₹ 95.76 as on 24-04-2024
Fund Performance
1723 people have invested ₹ 1.5Cr in Mirae Asset Great Consumer Direct Plan Growth in the last three months
Mutual Fund Insights
Over the last 6 months, this fund has experienced a 20.5% growth in AUM moving from 2.64K Cr to 3.18K Cr.
In the last 1 year, Tata India Consumer Fund Direct Growth has given 44.66% return, outperforming this fund by 2.53%.
In the last 5 years, Nippon India Consumption Fund - Direct Plan - Growth Plan has given 23.45% return, outperforming this fund by 2.77% per annum.
Over the last 1 month, this fund has increased expense ratio by 11.6% moving from 0.43 to 0.48.
In the last 3 years, SBI Consumption Opportunities Fund Direct Plan Growth has given 28.02% return, outperforming this fund by 3.11% per annum.
This fund has one of the lowest expense ratio in the category (equity - consumption). Its expense ratio is 0.48% which is lower than the category average expense ratio of 1.47%.
INDmoney Rank of Mirae Asset Great Consumer Direct Plan Growth
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IND ranking is not available for this fund.
Pros
Among most bought funds within the category
Lower expense ratio
Larger AUM within category
Cons
No bad points found for this fund.
About the Mirae Asset Great Consumer Direct Plan Growth
Mirae Asset Great Consumer Direct Plan Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Ankit Jain. The fund could potentially beat inflation in the long-run.
Key Parameters
- Mirae Asset Great Consumer Direct Plan Growth has ₹3183 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.5.
Mirae Asset Great Consumer Direct Plan Growth Overview
 | 0.48% |
 Benchmark | S&P BSE 500 India TR INR |
 | ₹3183 Cr |
 | 1 January, 2013 |
 | ₹5000/₹500 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 32.54% |
Mirae Asset Great Consumer Direct Plan Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
63.3%
Small cap
22.7%
Mid cap
11.2%
Sector Allocation
Consumer Cyclical
43.4%
Consumer Defensive
27.3%
Industrial
11%
Communication
6.9%
Basic Materials
4.9%
Financial Services
4.4%
Health
2.1%
Top Holdings of Mirae Asset Great Consumer Direct Plan Growth as on (31-Mar-24)
Equity Holdings42
Debt Holdings1
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Bharti Airtel Ltd | 6.68% | 0% | |
 ITC Ltd | 6.37% | 5.1% | |
 Titan Co Ltd | 4.62% | 0% | |
 Maruti Suzuki India Ltd | 4.12% | 0% | |
 Hindustan Unilever Ltd | 4.09% | 0% |
See all
Mirae Asset Great Consumer Direct Plan Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 0.75% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 1.22% in Mar'24
AUM Change
- AUM of the fund stands at 3.2K Cr as of Mar'24
- AUM increased by 44.7 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in Mirae Asset Great Consumer Direct Plan Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Avenue Supermarts Ltd | 20.1% |
 Maruti Suzuki India Ltd | 7.7% |
 Bharti Airtel Ltd | 4.9% |
Peer Analysis
Mirae Asset Great Consumer Direct Plan Growth Fund Manager
Ankit Jain
Fund Manager of Mirae Asset Great Consumer Direct Plan Growth, since 5 October 2016
Top funds managed
Mirae Asset Great Consumer Direct Plan 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 18.91% since inception which is more than its category average return of 15.97%
Fund Allocations
This fund has an allocation of 97.21% in Equity, 0% in Debt and 2.79% in Cash related instruments
AUM size ₹3183 Cr
This fund has AUM of ₹3183 Cr which is more than its category average of ₹ 1377 Cr
Expense Ratio 0.48%
This fund has an expense ratio of 0.48% which is less than its category average expense ratio of 1.5%
Frequently Asked Questions
The current NAV of Mirae Asset Great Consumer Direct Plan Growth is ₹95.76 as on 24-Apr-2024.
Existing (Absolute + CAGR) as on 24-Apr-2024.
Mirae Asset Great Consumer Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.82% | 4.82% |
6 Month Returns | 18.64% | 18.64% |
1 Year Returns | 42.13% | 42.13% |
3 Years Returns | 94.88% | 24.91% |
5 Years Returns | 155.98% | 20.68% |
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0.48% as on March 2024
₹3183 Cr as on March 2024
Bharti Airtel Ltd(6.68%), ITC Ltd(6.37%), Titan Co Ltd(4.62%), Maruti Suzuki India Ltd(4.12%), Hindustan Unilever Ltd(4.09%) as on March 2024
Consumer Cyclical(42.23%), Consumer Defensive(26.56%), Industrial(10.67%) as on March 2024
The alpha ratio for the Mirae Asset Great Consumer Direct Plan Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mirae Asset Great Consumer Direct Plan Growth | 0.63 | 3.71 | 2.35 |
As on March 2024
The alpha for Mirae Asset Great Consumer Direct Plan Growth is calculated against S&P BSE 500 India 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 Great Consumer Direct Plan Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset Great Consumer Direct Plan Growth | 0.93 | 0.85 | 1 |
As on March 2024
The Beta for Mirae Asset Great Consumer Direct Plan Growth is calculated with S&P BSE 500 India 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 Great Consumer Direct Plan Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Mirae Asset Great Consumer Direct Plan Growth | 2.6 | 1.31 | 0.85 |
As on March 2024
The sharpe ratio for Mirae Asset Great Consumer Direct Plan Growth is calculated with S&P BSE 500 India 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 Great Consumer Direct Plan Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Mirae Asset Great Consumer Direct Plan Growth | 10.89 | 12.24 | 17.13 |
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.
Sortino ratio is 3.14 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.44 as on March 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Ankit Jain is the fund manager of Mirae Asset Great Consumer Direct Plan Growth
The Exit load of Mirae Asset Great Consumer Direct Plan Growth is 1%