Mirae Asset Great Consumer Direct Plan Growth

Mirae Asset Great Consumer Direct Plan Growth

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Equity
Direct
Equity - Consumption
NAV: ₹ 94.94 as on 22-04-2024
Fund Performance
zero opening, trading, fund transfer fee
1741 people have invested ₹ 1.5Cr in Mirae Asset Great Consumer Direct Plan Growth in the last three months

Mutual Fund Insights

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In the last 5 years, Nippon India Consumption Fund - Direct Plan - Growth Plan has given 22.66% return, outperforming this fund by 2.73% per annum.
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In the last 3 years, SBI Consumption Opportunities Fund Direct Plan Growth has given 27.82% return, outperforming this fund by 3.78% per annum.
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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%.
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In the last 1 year, Tata India Consumer Fund Direct Growth has given 43.02% return, outperforming this fund by 3.06%.
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Over the last 6 months, this fund has experienced a 20.5% growth in AUM moving from 2.64K Cr to 3.18K Cr.
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Over the last 1 month, this fund has increased expense ratio by 11.6% moving from 0.43 to 0.48.

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

  1. 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.
  2. The fund has an expense ratio 0.5.

Mirae Asset Great Consumer Direct Plan Growth Overview

Expense ratio
Expense ratio
0.48%
Benchmark
Benchmark
S&P BSE 500 India TR INR
AUM
AUM
₹3183 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
32.54%

Mirae Asset Great Consumer Direct Plan Growth Distribution as on (31-Mar-24)

  • Equity 97.2%

  • Debt & Cash 2.8%

Size breakup

Large cap
63.3%
Small cap
22.7%
Mid cap
11.2%
Sector Allocation

Mar'24

Feb'24

Jan'24

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

  • Debt & Cash

Equity Holdings42
Debt Holdings1

Mirae Asset Great Consumer Direct Plan Growth: Monthly Changes Updates

All changes are between Jan'24 and Mar'24
Fund Performance
Mar'24
Feb'24
Jan'24
Fund Returns
0.75%
0.86%
-0.73%
Nifty 500
-0.47%
1.58%
1.71%
  • 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
Parameters
Mar'24
Feb'24
Jan'24
AUM
₹ 3.2K Cr
₹ 3.1K Cr
₹ 3.1K Cr
  • 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

Mirae Asset Great Consumer Direct Plan Growth Fund Manager

Ankit Jain
Ankit Jain
Fund Manager of Mirae Asset Great Consumer Direct Plan Growth, since 5 October 2016

Mirae Asset Great Consumer Direct Plan Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 18.76% since inception which is more than its category average return of 15.37%
Fund Allocations

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

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%

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 ₹94.94 as on 22-Apr-2024.
Existing (Absolute + CAGR) as on 22-Apr-2024.
Mirae Asset Great Consumer Direct Plan Growth
Absolute Returns
CAGR Returns
1 Month Returns
5.83%
5.83%
6 Month Returns
13.68%
13.68%
1 Year Returns
39.97%
39.97%
3 Years Returns
90.87%
24.05%
5 Years Returns
148.15%
19.93%
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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%