Mirae Asset Multicap Fund Direct Payout Inc Dist cum Cap Wdrl

Equity
Direct
Multi-Cap
Mirae Asset Multicap Fund Direct Payout Inc Dist cum Cap Wdrl

About the Fund

Mirae Asset Multicap Fund Direct Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl has ₹2779 Cr worth of assets under management (AUM) as on May 2024 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

Mirae Asset Multicap Fund Direct Payout Inc Dist cum Cap Wdrl has given a CAGR return of 34.47% since inception.

Holdings

Mirae Asset Multicap Fund Direct Payout Inc Dist cum Cap Wdrl has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Health, Basic Materials, Tech, Consumer Defensive, Energy, Utilities, Real Estate, Communication. Its top holdings are HDFC Bank Ltd, Axis Bank Ltd, Larsen & Toubro Ltd, Kotak Mahindra Bank Ltd, Reliance Industries 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 Payout Inc Dist cum Cap Wdrl

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

Fund Performance
zero opening, trading, fund transfer fee
14 people have invested ₹ 41K in Mirae Asset Multicap Fund Direct Payout Inc Dist cum Cap Wdrl in the last three months

Fund Overview

Expense ratio0.42%
Benchmark
S&P BSE 500 India TR INR
AUM₹2779 Cr
Inception Date21 August, 2023
Min Lumpsum/SIP₹5000/₹500
Exit Load
1%
Lock InNo Lock-in
TurnOver
0%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 99.3%

  • Debt & Cash 0.7%

Large cap
42.8%

Small cap
30.9%

Mid cap
24.8%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
26.7%
Consumer Cyclical
15.8%
Industrial
14%
Basic Materials
9.7%
Health
9.1%
Tech
7%
Consumer Defensive
4.5%
Utilities
4.2%
Energy
4%
Real Estate
3%
Communication
2%
All changes are between Mar'24 and May'24

Returns for the month of May

  • Gainers

  • Losers

Ankit Jain
Ankit Jain
Fund Manager of Mirae Asset Multicap Fund Direct Payout Inc Dist cum Cap Wdrl, since 21 August 2023

Mirae Asset Multicap Fund Direct Payout Inc Dist cum Cap Wdrl 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 returns of 34.47% since inception (21nd Aug 2023)
Fund Allocations

Fund Allocations

This fund has an allocation of 99.26% in Equity, 0% in Debt and 0.74% in Cash related instruments
AUM size ₹2779 Cr

AUM size ₹2779 Cr

This fund has AUM of ₹2779 Cr which is less than its category average of ₹ 3344 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 1.24%

Frequently Asked Questions

The current NAV of Mirae Asset Multicap Fund Direct Payout Inc Dist cum Cap Wdrl is ₹13.45 as on 21-Jun-2024.
Existing (Absolute + CAGR) as on 21-Jun-2024.
Mirae Asset Multicap Fund Direct Payout Inc Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
5.36%
5.36%
6 Month Returns
18.17%
18.17%
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.
0.42% as on May 2024
₹2779 Cr as on May 2024
HDFC Bank Ltd(4.32%), Axis Bank Ltd(3.18%), Larsen & Toubro Ltd(3.08%), Kotak Mahindra Bank Ltd(2.89%), Reliance Industries Ltd(2.73%) as on May 2024
Financial Services(25.91%), Consumer Cyclical(17.18%), Industrial(13.33%) as on May 2024
The alpha ratio for the Mirae Asset Multicap Fund Direct Payout Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Mirae Asset Multicap Fund Direct Payout Inc Dist cum Cap Wdrl
-
-
-
As on May 2024
The alpha for Mirae Asset Multicap Fund Direct Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Mirae Asset Multicap Fund Direct Payout Inc Dist cum Cap Wdrl
-
-
-
As on May 2024
The Beta for Mirae Asset Multicap Fund Direct Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl
-
-
-
As on May 2024
The sharpe ratio for Mirae Asset Multicap Fund Direct Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl
-
-
-
As on May 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 Payout Inc Dist cum Cap Wdrl
The Exit load of Mirae Asset Multicap Fund Direct Payout Inc Dist cum Cap Wdrl is 1%