Mirae Asset Multi Asset Allocation Fund Direct Growth

Mirae Asset Multi Asset Allocation Fund Direct Growth

Hybrid

Direct

Multi Asset Allocation

NAV as on 05-11-2024

₹ 11.46

-0.3%

1D

Inception Returns

14.1%

/yr

About Mirae Asset Multi Asset Allocation Fund Direct Growth

Mirae Asset Multi Asset Allocation Fund Direct Growth is a hybrid fund. This fund was started on 31 January, 2024. The fund is managed by . This fund gives you the benefit of diversification.

Key Parameters

  1. Mirae Asset Multi Asset Allocation Fund Direct Growth has ₹1705 Cr worth of assets under management (AUM) as on Sep 2024 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

Mirae Asset Multi Asset Allocation Fund Direct Growth has given a CAGR return of 14.12% since inception.

Holdings

Mirae Asset Multi Asset Allocation Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Industrial, Consumer Cyclical, Tech, Basic Materials, Corporate, Energy, Communication, Consumer Defensive, Health, Utilities, Real Estate, Securitize.

Taxation

As it is a multi asset allocation mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
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
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of Mirae Asset Multi Asset Allocation Fund Direct Growth

The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in equity and equity related securities, Debt and money market instruments, Gold ETFs, Silver ETFs and Exchange Traded Commodity Derivatives. However, there is no assurance that the investment objective of the Scheme will be realized.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 99.00. Mirae Asset Multi Asset Allocation Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
310 people have invested ₹ 18.4L in Mirae Asset Multi Asset Allocation Fund Direct Growth in the last three months

Mirae Asset Multi Asset Allocation Fund Direct Growth Overview

Expense ratio0.41%
Benchmark
BSE 200 TR INR
AUM₹1705 Cr
Inception Date31 January, 2024
Min Lumpsum/SIP₹5000/₹99
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
41.74%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
High Risk

Trailing Returns

as on (05-Nov-24)

Period
Mirae Asset Multi Asset Allocation Fund Direct Growth
Multi Asset Allocation Index
1M
-0.9%
-
3M
1.7%
-
6M
9.3%
-

Fund Distribution

as on (30-Sep-24)

  • Equity 48%

  • Debt & Cash 38.9%

Large cap
50.1%

Mid cap
8.9%

Small cap
8.1%

Sector Allocation

Sep'24

Aug'24

Jul'24

Financial Services
31.3%
Industrial
10.8%
Consumer Cyclical
10%
Tech
8.7%
Basic Materials
8.4%
Energy
6.6%
Communication
5.7%
Consumer Defensive
5.5%
Health
4.8%
Utilities
4.3%
Real Estate
4%
All changes are between Oct'69 and Dec'69
Parameters
Sep'24
Aug'24
Jul'24
AUM
₹ 1.6K Cr
₹ 1.6K Cr
₹ 1.6K Cr
  • AUM of the fund stands at 1.6K Cr as of Sep'24
  • AUM has remained same between Sep'24 and Aug'24

Top 3 Sectors in September were Financial Services, Government & Corporate

Sep'24
Financial Services
31%
Government
26%
Industrial
11%
Aug'24
Financial Services
32%
Government
23%
Corporate
13%
Fund
Sep'24
Aug'24
Jul'24
No of Holdings
171
175
171
Top 5 Company Concentration
13.8%
14.9%
15.3%
Company having highest exposure
HDFC Bank Ltd (4.5%)
HDFC Bank Ltd (4.5%)
HDFC Bank Ltd (4.6%)
No of Sectors
14
14
14
Top 5 Sectors Concentration
87%
89%
94.1%
Sector having highest exposure
Financial Services (31.3%)
Financial Services (32.1%)
Financial Services (33.1%)
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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

Mirae Asset Multi Asset Allocation Fund Direct Growth Highlights

Risk meter
pointer

High Risk

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

About the fund

This fund has delivered returns of 14.12% since inception (31st January 2024)
Fund Allocations

Fund Allocations

This fund has an allocation of 47.99% in Equity, 13.56% in Debt and 25.3% in Cash related instruments
AUM size ₹1705 Cr

AUM size ₹1705 Cr

This fund has AUM of ₹1705 Cr which is less than its category average of ₹ 3944 Cr
Expense Ratio 0.41%

Expense Ratio 0.41%

This fund has an expense ratio of 0.41% which is less than its category average expense ratio of 1.25%

Frequently Asked Questions for Mirae Asset Multi Asset Allocation Fund Direct Growth

The current NAV of Mirae Asset Multi Asset Allocation Fund Direct Growth is ₹11.46 as on 05-Nov-2024.
Existing (Absolute + CAGR) as on 05-Nov-2024.
Mirae Asset Multi Asset Allocation Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-0.87%
-0.87%
6 Month Returns
9.33%
9.33%
1 Year Returns
0%
0%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.41% as on October 2024
₹1705 Cr as on October 2024
Mirae Asset Gold ETF(10.91%), 7.10%Goi 08/04/2034(5.63%), HDFC Bank Ltd(4.47%), Mirae Asset Silver ETF(2.59%), ICICI Bank Ltd(2.58%) as on October 2024
Cash Equivalent(33.85%), Financial Services(15.04%), Government(13.61%) as on October 2024
AAA
100
The Exit load of Mirae Asset Multi Asset Allocation Fund Direct Growth is 1%