Equity
Direct
Multi-Cap
NAV as on 05-12-2024
₹ 14.38
▲0.4%
1D
Inception Returns
32.5%
/yr
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.
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%.
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
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 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 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 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.
Expense ratio | 0.42% |
Benchmark | S&P BSE 500 India TR INR |
AUM | ₹3361 Cr |
Inception Date | 21 August, 2023 |
Min Lumpsum/SIP | ₹5000/₹99 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 35.65% |
STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (05-Dec-24)
as on (31-Oct-24)
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Industrial
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% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mirae Asset Multicap Fund Direct Growth | 0.3 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset Multicap Fund Direct Growth | 1 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Mirae Asset Multicap Fund Direct Growth | 1.53 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Mirae Asset Multicap Fund Direct Growth | 13.29 | - | - |