Equity
Direct
Equity - Consumption
NAV as on 04-11-2024
₹ 109.14
1D
Inception Returns
19.3%
/yr
Mirae Asset Great Consumer Fund Direct 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.
Mirae Asset Great Consumer Fund Direct Growth has given a CAGR return of 19.33% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 34.95%, 19.84% and 21.84% respectively.
Mirae Asset Great Consumer Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Consumer Defensive, Industrial, Basic Materials, Communication, Health, Financial Services. Its top holdings are Bharti Airtel Ltd, ITC Ltd, Maruti Suzuki India Ltd, Hindustan Unilever Ltd, Asian Paints Ltd
As it is a equity - consumption mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
The investment objective of the scheme is to generate long term capital appreciation by investing in a portfolio of companies/funds that are likely to benefit either directly or indirectly from consumption led demand in India. The Scheme does not guarantee or assure any returns.
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 99.00. Mirae Asset Great Consumer Fund Direct Growth has no lock in period.
Expense ratio | 0.42% |
Benchmark | S&P BSE 500 India TR INR |
AUM | ₹4496 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹5000/₹99 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 15.69% |
STCG | Redeeming 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 |
as on (04-Nov-24)
as on (30-Sep-24)
Top 3 Sectors in September were Consumer Cyclical, Consumer Defensive & Industrial
Mirae Asset Great Consumer Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -7.48% | -7.48% |
6 Month Returns | 13.25% | 13.25% |
1 Year Returns | 34.95% | 34.95% |
3 Years Returns | 72.11% | 19.84% |
5 Years Returns | 168.55% | 21.84% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mirae Asset Great Consumer Fund Direct Growth | -1.35 | 2.52 | 3.14 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset Great Consumer Fund Direct Growth | 0.98 | 0.92 | 1 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Mirae Asset Great Consumer Fund Direct Growth | 1.51 | 0.99 | 0.93 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Mirae Asset Great Consumer Fund Direct Growth | 17.44 | 14.4 | 17.73 |