Mirae Asset Great Consumer Direct Plan Reinvestment of Income Distribution cum capital withdrawal

Mirae Asset Great Consumer Direct Plan Reinvestment of Income Distribution cum capital withdrawal

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Equity
Direct
Equity - Consumption
NAV: ₹ 64.19 as on 22-05-2024

About the Fund

Mirae Asset Great Consumer Direct Plan Reinvestment of Income Distribution cum capital withdrawal 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 Reinvestment of Income Distribution cum capital withdrawal has ₹3351 Cr worth of assets under management (AUM) as on Apr 2024 and is more than category average.
  2. The fund has an expense ratio 0.4.
Fund Performance
zero opening, trading, fund transfer fee
6 people have invested ₹ 6K in Mirae Asset Great Consumer Direct Plan Reinvestment of Income Distribution cum capital withdrawal in the last three months

Overview

Expense ratio
Expense ratio
0.42%
Benchmark
Benchmark
S&P BSE 500 India TR INR
AUM
AUM
₹3351 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 Reinvestment of Income Distribution cum capital withdrawal Distribution as on (30-Apr-24)

  • Equity 99.3%

  • Debt & Cash 0.7%

Size breakup

Large cap
63%
Small cap
21.2%
Mid cap
15.1%
Sector Allocation

Apr'24

Mar'24

Feb'24

Consumer Cyclical
45.4%
Consumer Defensive
25.2%
Industrial
11.1%
Communication
7.1%
Basic Materials
4.7%
Financial Services
4.3%
Health
2.2%

Top Holdings of Mirae Asset Great Consumer Direct Plan Reinvestment of Income Distribution cum capital withdrawal as on (30-Apr-24)

  • Equity

  • Debt & Cash

Equity Holdings44
Debt Holdings1

Gainers & Losers Returns for the month of Apr

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
4.63%
0.11%
0.86%
Nifty 500
2.46%
-0.47%
1.58%
  • This fund’s returns stands at 4.63% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.46% as on Apr'24
  • This fund outperformed Nifty 500 by 2.17% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 3.4K Cr
₹ 3.2K Cr
₹ 3.1K Cr
  • AUM of the fund stands at 3.4K Cr as of Apr'24
  • AUM increased by 168.6 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Fund Manager

Ankit Jain
Ankit Jain
Fund Manager of Mirae Asset Great Consumer Direct Plan Reinvestment of Income Distribution cum capital withdrawal, since 5 October 2016

Mirae Asset Great Consumer Direct Plan Reinvestment of Income Distribution cum capital withdrawal 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 18.65% since inception which is more than its category average return of 16.41%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.26% in Equity, 0% in Debt and 0.73% in Cash related instruments
AUM size ₹3351 Cr

AUM size ₹3351 Cr

This fund has AUM of ₹3351 Cr which is more than its category average of ₹ 1438 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 1.51%

Frequently Asked Questions

The current NAV of Mirae Asset Great Consumer Direct Plan Reinvestment of Income Distribution cum capital withdrawal is ₹64.19 as on 22-May-2024.
Existing (Absolute + CAGR) as on 22-May-2024.
Mirae Asset Great Consumer Direct Plan Reinvestment of Income Distribution cum capital withdrawal
Absolute Returns
CAGR Returns
1 Month Returns
4.55%
4.55%
6 Month Returns
14.08%
14.08%
1 Year Returns
36.9%
36.9%
3 Years Returns
84.72%
22.7%
5 Years Returns
156.93%
20.77%
With INDmoney, the process of investing is very simple and involves zero commission.
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0.42% as on April 2024
₹3351 Cr as on April 2024
ITC Ltd(6.15%), Bharti Airtel Ltd(6.02%), Titan Co Ltd(4.14%), Hindustan Unilever Ltd(3.83%), Zomato Ltd(3.72%) as on April 2024
Consumer Cyclical(45.09%), Consumer Defensive(25.04%), Industrial(11%) as on April 2024
The alpha ratio for the Mirae Asset Great Consumer Direct Plan Reinvestment of Income Distribution cum capital withdrawal for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Mirae Asset Great Consumer Direct Plan Reinvestment of Income Distribution cum capital withdrawal
1.93
3.01
2.11
As on April 2024
The alpha for Mirae Asset Great Consumer Direct Plan Reinvestment of Income Distribution cum capital withdrawal 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 Reinvestment of Income Distribution cum capital withdrawal for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Mirae Asset Great Consumer Direct Plan Reinvestment of Income Distribution cum capital withdrawal
0.92
0.87
1.01
As on April 2024
The Beta for Mirae Asset Great Consumer Direct Plan Reinvestment of Income Distribution cum capital withdrawal 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 Reinvestment of Income Distribution cum capital withdrawal 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 Reinvestment of Income Distribution cum capital withdrawal
2.49
1.37
0.87
As on April 2024
The sharpe ratio for Mirae Asset Great Consumer Direct Plan Reinvestment of Income Distribution cum capital withdrawal 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 Reinvestment of Income Distribution cum capital withdrawal 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 Reinvestment of Income Distribution cum capital withdrawal
10.98
12.39
17.18
As on April 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 3.23 as on April 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.27 as on April 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 Reinvestment of Income Distribution cum capital withdrawal
The Exit load of Mirae Asset Great Consumer Direct Plan Reinvestment of Income Distribution cum capital withdrawal is 1%