Mirae Asset Multicap Fund Direct Growth
Equity
Direct
Multi-Cap
NAV: ₹ 12.54 as on 02-05-2024
About the Fund
Mirae Asset Multicap Fund Direct Growth is an equity fund. This fund was started on 21 August, 2023. The fund is managed by Ankit Jain. The fund could potentially beat inflation in the long-run.
Key Parameters
- Mirae Asset Multicap Fund Direct Growth has ₹2488 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.5.
Fund Performance
1077 people have invested ₹ 75L in Mirae Asset Multicap Fund Direct Growth in the last three months
Overview
 | 0.52% |
 Benchmark | S&P BSE 500 India TR INR |
 | ₹2488 Cr |
 | 21 August, 2023 |
 | ₹5000/₹500 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 0% |
Mirae Asset Multicap Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
40%
Small cap
29.5%
Mid cap
29.3%
Sector Allocation
Financial Services
27%
Consumer Cyclical
16.4%
Industrial
13.1%
Health
10.5%
Basic Materials
9.9%
Tech
7.2%
Consumer Defensive
4.7%
Utilities
4.7%
Energy
3.1%
Real Estate
2.1%
Communication
1.2%
Top Holdings of Mirae Asset Multicap Fund Direct Growth as on (30-Apr-24)
Equity Holdings86
Gainers & Losers Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Crompton Greaves Consumer Electricals Ltd | 13.9% |
 Axis Bank Ltd | 11.3% |
 Team Lease Services Ltd | 11.1% |
Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at -1.06% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund underperformed Nifty 500 by 0.60% in Mar'24
AUM Change
- AUM of the fund stands at 2.4K Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Peer Analysis
Fund Manager
Ankit Jain
Fund Manager of Mirae Asset Multicap Fund Direct Growth, since 21 August 2023
Top funds managed
Mirae Asset Multicap Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered returns of 25.25% since inception (21nd Aug 2023)
Fund Allocations
This fund has an allocation of 98.78% in Equity, 0% in Debt and 1.22% in Cash related instruments
AUM size ₹2488 Cr
This fund has AUM of ₹2488 Cr which is less than its category average of ₹ 3094 Cr
Expense Ratio 0.52%
This fund has an expense ratio of 0.52% which is less than its category average expense ratio of 1.29%
Frequently Asked Questions
The current NAV of Mirae Asset Multicap Fund Direct Growth is ₹12.54 as on 02-May-2024.
Existing (Absolute + CAGR) as on 02-May-2024.
Mirae Asset Multicap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.91% | 4.91% |
6 Month Returns | 23.57% | 23.57% |
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.
0.52% as on April 2024
₹2488 Cr as on April 2024
HDFC Bank Ltd(4.56%), Axis Bank Ltd(2.89%), ICICI Bank Ltd(2.88%), Larsen & Toubro Ltd(2.86%), State Bank of India(2.67%) as on April 2024
Financial Services(26.68%), Consumer Cyclical(16.17%), Industrial(12.91%) as on April 2024
The alpha ratio for the Mirae Asset Multicap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mirae Asset Multicap Fund Direct Growth | - | - | - |
As on April 2024
The alpha for Mirae Asset Multicap 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 Multicap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset Multicap Fund Direct Growth | - | - | - |
As on April 2024
The Beta for Mirae Asset Multicap 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 Multicap 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 Multicap Fund Direct Growth | - | - | - |
As on April 2024
The sharpe ratio for Mirae Asset Multicap 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 Multicap 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 Multicap Fund Direct Growth | - | - | - |
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.
Ankit Jain is the fund manager of Mirae Asset Multicap Fund Direct Growth
The Exit load of Mirae Asset Multicap Fund Direct Growth is 1%