Mirae Asset Multi Asset Allocation Fund Direct Payout Inc Dist cum Cap Wdrl

Hybrid
Direct
Multi Asset Allocation
Mirae Asset Multi Asset Allocation Fund Direct Payout Inc Dist cum Cap Wdrl

About the Fund

Mirae Asset Multi Asset Allocation Fund Direct Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl has ₹1525 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

Mirae Asset Multi Asset Allocation Fund Direct Payout Inc Dist cum Cap Wdrl has given a CAGR return of 12.05% since inception.

Holdings

Mirae Asset Multi Asset Allocation Fund Direct Payout Inc Dist cum Cap Wdrl has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Corporate, Industrial, Consumer Cyclical, Tech, Basic Materials, Consumer Defensive, Energy, Communication, 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 Payout Inc Dist cum Cap Wdrl

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 500.00. Mirae Asset Multi Asset Allocation Fund Direct Payout Inc Dist cum Cap Wdrl has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.41%
Benchmark
BSE 200 TR INR
AUM₹1525 Cr
Inception Date31 January, 2024
Min Lumpsum/SIP₹5000/₹500
Exit Load
1%
Lock InNo Lock-in
TurnOver
0%
Risk
Risk meter
pointer
High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 50%

  • Debt & Cash 36.9%

Large cap
50.7%

Mid cap
8.9%

Small cap
6.7%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
34.1%
Industrial
11.9%
Consumer Cyclical
9.7%
Tech
7.9%
Basic Materials
7.6%
Consumer Defensive
7.1%
Energy
6.8%
Communication
4.6%
Health
4.2%
Utilities
4.1%
Real Estate
2%

Mirae Asset Multi Asset Allocation Fund Direct Payout Inc Dist cum Cap Wdrl 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 12.05% since inception (31nd Jan 2024)
Fund Allocations

Fund Allocations

This fund has an allocation of 50.04% in Equity, 14.08% in Debt and 22.8% in Cash related instruments
AUM size ₹1525 Cr

AUM size ₹1525 Cr

This fund has AUM of ₹1525 Cr which is less than its category average of ₹ 3521 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 1.21%

Frequently Asked Questions

The current NAV of Mirae Asset Multi Asset Allocation Fund Direct Payout Inc Dist cum Cap Wdrl is ₹11.21 as on 12-Jul-2024.
Existing (Absolute + CAGR) as on 12-Jul-2024.
Mirae Asset Multi Asset Allocation Fund Direct Payout Inc Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
3.63%
3.63%
6 Month Returns
0%
0%
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 June 2024
₹1525 Cr as on June 2024
Mirae Asset Gold ETF(10.6%), HDFC Bank Ltd(5.72%), 7.18% Govt Stock 2033(3.7%), Mirae Asset Silver ETF(2.83%), ICICI Bank Ltd(2.77%) as on June 2024
Cash Equivalent(29.62%), Financial Services(17.07%), Government(11.42%) as on June 2024
AAA
100
The Exit load of Mirae Asset Multi Asset Allocation Fund Direct Payout Inc Dist cum Cap Wdrl is 1%