Equity
Direct
Global - Other
NAV as on 29-11-2024
₹ 9.65
▲1.3%
1D
Inception Returns
/yr
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth is an equity fund. This fund was started on 8 December, 2021. The fund is managed by . The fund could potentially beat inflation in the long-run.
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth has given a CAGR return of -1.19% since inception. Over the last 1 year the fund has given a CAGR return of 31.41%.
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Communication, Tech, Health, Financial Services, Consumer Defensive. Its top holdings are Mirae Asset Hang Seng TECH ETF
As it is a global - other 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 provide long-term capital appreciation from a portfolio investing predominantly in units of Mirae Asset Hang Seng TECH ETF. There is no assurance that the investment objective of the Scheme will be realized.
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 5000.00. Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth has no lock in period.
Expense ratio | 0.7% |
Benchmark | Hang Seng TECH Index TR INR |
AUM | ₹89 Cr |
Inception Date | 8 December, 2021 |
Min Lumpsum/SIP | --/-- |
Exit Load | 0.5% |
Lock In | No Lock-in |
TurnOver | 7.52% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
Risk | Very High Risk |
as on (29-Nov-24)
as on (31-Dec-69)
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -5.72% | -5.72% |
6 Month Returns | 31.63% | 31.63% |
1 Year Returns | 31.41% | 31.41% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth | - | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth | - | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth | 0.71 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth | 37.65 | - | - |