Mirae Asset Multicap Fund Direct Growth

Mirae Asset Multicap Fund Direct Growth

Equity

Direct

Multi-Cap

NAV as on 05-12-2024

₹ 14.38

0.4%

1D

Inception Returns

32.5%

/yr

About Mirae Asset Multicap Fund Direct Growth

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

  1. Mirae Asset Multicap Fund Direct Growth has ₹3361 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

Mirae Asset Multicap Fund Direct Growth has given a CAGR return of 32.49% since inception. Over the last 1 year the fund has given a CAGR return of 29.12%.

Holdings

Mirae Asset Multicap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Tech, Health, Basic Materials, Energy, Utilities, Communication, Consumer Defensive, Real Estate. Its top holdings are HDFC Bank Ltd, Axis Bank Ltd, State Bank of India, Larsen & Toubro Ltd, ICICI Bank Ltd

Taxation

As it is a multi-cap 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 benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Mirae Asset Multicap Fund Direct Growth

The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing predominantly in Indian equity and equity related securities of large cap, mid cap and small cap companies. 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 Multicap Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
1511 people have invested ₹ 93L in Mirae Asset Multicap Fund Direct Growth in the last three months

Mirae Asset Multicap Fund Direct Growth Overview

Expense ratio0.42%
Benchmark
S&P BSE 500 India TR INR
AUM₹3361 Cr
Inception Date21 August, 2023
Min Lumpsum/SIP₹5000/₹99
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
35.65%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (05-Dec-24)

Period
Mirae Asset Multicap Fund Direct Growth
Nifty 500
multi-cap
1M
2.5%
2.6%
3.2%
3M
-1%
-2%
-0.6%
6M
14.3%
10.6%
14.4%
1Y
29.1%
25.2%
32%

Fund Distribution

as on (31-Oct-24)

  • Equity 99.3%

  • Debt & Cash 0.7%

Large cap
42.1%

Small cap
28.7%

Mid cap
25.4%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
28%
Consumer Cyclical
17%
Industrial
14.9%
Tech
9.7%
Health
8.7%
Basic Materials
8.3%
Energy
3.8%
Utilities
2.9%
Communication
2.7%
Consumer Defensive
2.4%
Real Estate
1.6%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-4.61%
1.34%
1.07%
Nifty 500
-6.52%
2.04%
0.97%
  • This fund’s returns stands at -4.61% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
  • This fund outperformed Nifty 500 by 1.91% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 3.5K Cr
₹ 3.5K Cr
₹ 3.3K Cr
  • AUM of the fund stands at 3.5K Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24
Top Stocks bought last month
CARE Ratings Ltd's allocation increased from 1.12% to 1.8%
CARE Ratings Ltd's allocation increased from 1.12% to 1.8%
HDFC Bank Ltd's allocation increased from 3.9% to 4.43%
HDFC Bank Ltd's allocation increased from 3.9% to 4.43%
Tata Consultancy Services Ltd's allocation increased from 1.16% to 1.59%
Tata Consultancy Services Ltd's allocation increased from 1.16% to 1.59%
Top Stocks sold last month
Axis Bank Ltd's allocation decreased from 4.14 % to 3.85 %
Axis Bank Ltd's allocation decreased from 4.14 % to 3.85 %
Tata Steel Ltd's allocation decreased from 1.84 % to 1.8 %
Tata Steel Ltd's allocation decreased from 1.84 % to 1.8 %
Whirlpool of India Ltd's allocation decreased from 1.96 % to 1.76 %
Whirlpool of India Ltd's allocation decreased from 1.96 % to 1.76 %
Mid Cap allocation has gone down from 25.6% to 25.4%
Mid Cap allocation has gone down from 25.6% to 25.4%
Large Cap allocation has gone down from 42.6% to 42.1%
Large Cap allocation has gone down from 42.6% to 42.1%
Small Cap allocation has gone down from 29.2% to 28.7%
Small Cap allocation has gone down from 29.2% to 28.7%
Cash allocation has gone up from 0.5% to 0.7%
Cash allocation has gone up from 0.5% to 0.7%

Top 3 Sectors in October were Financial Services, Consumer Cyclical & Industrial

Oct'24
Financial Services
28%
Consumer Cyclical
17%
Industrial
15%
Sep'24
Financial Services
26%
Consumer Cyclical
17%
Industrial
16%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
86
84
81
Top 5 Company Concentration
16.1%
15.8%
15.1%
Company having highest exposure
HDFC Bank Ltd (4.4%)
Axis Bank Ltd (4.1%)
HDFC Bank Ltd (4.2%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
78.4%
77.9%
76%
Sector having highest exposure
Financial Services (28%)
Financial Services (25.8%)
Financial Services (26%)
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Ankit Jain
Ankit Jain
Fund Manager of Mirae Asset Multicap Fund Direct Growth, since 21 August 2023
Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.89L Cr
as on 31-Oct-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 Multicap Fund Direct Growth 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 32.49% since inception which is more than its category average return of 16.6%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.31% in Equity, 0% in Debt and 0.69% in Cash related instruments
AUM size ₹3361 Cr

AUM size ₹3361 Cr

This fund has AUM of ₹3361 Cr which is less than its category average of ₹ 3858 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 1.21%

Frequently Asked Questions for Mirae Asset Multicap Fund Direct Growth

The current NAV of Mirae Asset Multicap Fund Direct Growth is ₹14.38 as on 05-Dec-2024.
Existing (Absolute + CAGR) as on 05-Dec-2024.
Mirae Asset Multicap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.49%
2.49%
6 Month Returns
14.3%
14.3%
1 Year Returns
29.12%
29.12%
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.
0.42% as on November 2024
₹3361 Cr as on November 2024
HDFC Bank Ltd(4.43%), Axis Bank Ltd(3.85%), State Bank of India(3.01%), Larsen & Toubro Ltd(2.85%), ICICI Bank Ltd(1.98%) as on November 2024
Financial Services(27.78%), Consumer Cyclical(16.91%), Industrial(14.78%) as on November 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
0.3
-
-
As on November 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
1
-
-
As on November 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
1.53
-
-
As on November 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
13.29
-
-
As on November 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%