Mirae Asset Great Consumer Fund Direct Growth

Mirae Asset Great Consumer Fund Direct Growth

Equity

Direct

Equity - Consumption

NAV as on 04-11-2024

₹ 109.14

-0.5%

1D

Inception Returns

19.3%

/yr

About Mirae Asset Great Consumer Fund Direct Growth

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.

Key Parameters

  1. Mirae Asset Great Consumer Fund Direct Growth has ₹4496 Cr worth of assets under management (AUM) as on Sep 2024 and is more than category average.
  2. The fund has an expense ratio 0.4.

Returns

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.

Holdings

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

Taxation

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 benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Mirae Asset Great Consumer Fund Direct Growth

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 and lockin period

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
2592 people have invested ₹ 2.9Cr in Mirae Asset Great Consumer Fund Direct Growth in the last three months

INDmoney Rank for Mirae Asset Great Consumer Fund Direct Growth

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Lower expense ratio
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Mirae Asset Great Consumer Fund Direct Growth Overview

Expense ratio0.42%
Benchmark
S&P BSE 500 India TR INR
AUM₹4496 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹99
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
15.69%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (04-Nov-24)

Period
Mirae Asset Great Consumer Fund Direct Growth
Nifty 500
equity - consumption
1M
-7.5%
-3.6%
-
3M
-2.5%
0.6%
-
6M
13.3%
8.2%
-
1Y
34.9%
33.4%
-
3Y
19.8%
13.8%
-
5Y
21.8%
18.5%
-

Fund Distribution

as on (30-Sep-24)

  • Equity 97.4%

  • Debt & Cash 2.6%

Large cap
61.6%

Small cap
26.4%

Mid cap
8.8%

Sector Allocation

Sep'24

Aug'24

Jul'24

Consumer Cyclical
46%
Consumer Defensive
24.6%
Industrial
8.9%
Basic Materials
7.7%
Communication
7.5%
Health
3.9%
Financial Services
1.5%
All changes are between Jul'24 and Sep'24
Sep'24
Aug'24
Jul'24
Fund Returns
4.94%
3.18%
7.16%
Nifty 500
2.04%
0.97%
3.53%
  • This fund’s returns stands at 4.94% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.04% as on Sep'24
  • This fund outperformed Nifty 500 by 2.90% in Sep'24
Parameters
Sep'24
Aug'24
Jul'24
AUM
₹ 4.2K Cr
₹ 4.2K Cr
₹ 4.1K Cr
  • AUM of the fund stands at 4.2K Cr as of Sep'24
  • AUM has remained same between Sep'24 and Aug'24
Top Stocks bought last month
Kalyan Jewellers India Ltd's allocation increased from 3.34% to 3.74%
Kalyan Jewellers India Ltd's allocation increased from 3.34% to 3.74%
Sapphire Foods India Ltd's allocation increased from 1.22% to 1.59%
Sapphire Foods India Ltd's allocation increased from 1.22% to 1.59%
Asian Paints Ltd's allocation increased from 4.12% to 4.37%
Asian Paints Ltd's allocation increased from 4.12% to 4.37%
Top Stocks sold last month
ITC Ltd's allocation decreased from 5.45 % to 5.3 %
ITC Ltd's allocation decreased from 5.45 % to 5.3 %
Trent Ltd's allocation decreased from 4.36 % to 4.35 %
Trent Ltd's allocation decreased from 4.36 % to 4.35 %
InterGlobe Aviation Ltd's allocation decreased from 2.62 % to 2.45 %
InterGlobe Aviation Ltd's allocation decreased from 2.62 % to 2.45 %
Small Cap allocation has gone down from 26.5% to 26.4%
Small Cap allocation has gone down from 26.5% to 26.4%
Mid Cap allocation has gone up from 8.8% to 8.8%
Mid Cap allocation has gone up from 8.8% to 8.8%
Large Cap allocation has gone down from 62.8% to 61.6%
Large Cap allocation has gone down from 62.8% to 61.6%
Cash allocation has gone up from 1.9% to 2.6%
Cash allocation has gone up from 1.9% to 2.6%

Top 3 Sectors in September were Consumer Cyclical, Consumer Defensive & Industrial

Sep'24
Consumer Cyclical
46%
Consumer Defensive
25%
Industrial
9%
Aug'24
Consumer Cyclical
46%
Consumer Defensive
25%
Industrial
9%
  • Gainers

  • Losers

Fund
Sep'24
Aug'24
Jul'24
No of Holdings
45
44
46
Top 5 Company Concentration
26.5%
26.5%
25.3%
Company having highest exposure
Bharti Airtel Ltd (7.3%)
Bharti Airtel Ltd (7.2%)
Bharti Airtel Ltd (7.1%)
No of Sectors
7
7
7
Top 5 Sectors Concentration
94.7%
94.3%
92.6%
Sector having highest exposure
Consumer Cyclical (46%)
Consumer Cyclical (45.7%)
Consumer Cyclical (43.5%)
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Ankit Jain
Ankit Jain
Fund Manager of Mirae Asset Great Consumer Fund Direct Growth, since 5 October 2016
Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.88L Cr
as on 30-Sep-2024
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

Mutual Fund Insights

Insights icon
In the last 3 years, SBI Consumption Opportunities Fund Direct Plan Growth has given 23.59% return, outperforming this fund by 3.75% per annum.
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Over the last 6 months, this fund has experienced a 41.3% growth in AUM moving from 3.18K Cr to 4.49K Cr.
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This fund has one of the lowest expense ratio in the category (equity - consumption). Its expense ratio is 0.42% which is lower than the category average expense ratio of 1.36%.
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In the last 5 years, Nippon India Consumption Fund - Direct Plan - Growth Plan has given 24.5% return, outperforming this fund by 2.66% per annum.
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In the last 1 year, HSBC Consumption Fund Direct Growth has given 43.81% return, outperforming this fund by 8.87%.
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Over the last 1 month, this fund has increased expense ratio by 2.4% moving from 0.41 to 0.42.

Mirae Asset Great Consumer Fund Direct 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 19.33% since inception which is more than its category average return of 17.86%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.42% in Equity, 0% in Debt and 2.58% in Cash related instruments
AUM size ₹4496 Cr

AUM size ₹4496 Cr

This fund has AUM of ₹4496 Cr which is more than its category average of ₹ 1955 Cr
Expense Ratio 0.42%

Expense Ratio 0.42%

This fund has an expense ratio of 0.42% which is less than its category average expense ratio of 1.32%

Frequently Asked Questions for Mirae Asset Great Consumer Fund Direct Growth

The current NAV of Mirae Asset Great Consumer Fund Direct Growth is ₹109.14 as on 04-Nov-2024.
Existing (Absolute + CAGR) as on 04-Nov-2024.
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%
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0.42% as on October 2024
₹4496 Cr as on October 2024
Bharti Airtel Ltd(7.32%), ITC Ltd(5.3%), Maruti Suzuki India Ltd(4.8%), Hindustan Unilever Ltd(4.74%), Asian Paints Ltd(4.37%) as on October 2024
Consumer Cyclical(44.81%), Consumer Defensive(23.99%), Industrial(8.63%) as on October 2024
The alpha ratio for the Mirae Asset Great Consumer Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Mirae Asset Great Consumer Fund Direct Growth
-1.35
2.52
3.14
As on October 2024
The alpha for Mirae Asset Great Consumer Fund Direct 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 Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Mirae Asset Great Consumer Fund Direct Growth
0.98
0.92
1
As on October 2024
The Beta for Mirae Asset Great Consumer Fund Direct 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 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 Great Consumer Fund Direct Growth
1.51
0.99
0.93
As on October 2024
The sharpe ratio for Mirae Asset Great Consumer Fund Direct 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 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 Great Consumer Fund Direct Growth
17.44
14.4
17.73
As on October 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 1.78 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.43 as on October 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 Fund Direct Growth
The Exit load of Mirae Asset Great Consumer Fund Direct Growth is 1%