Equity
Direct
Equity - Esg
NAV as on 04-12-2024
₹ 18.56
▲0.2%
1D
Inception Returns
16.6%
/yr
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth is an equity fund. This fund was started on 19 November, 2020. The fund is managed by Ekta Gala. The fund could potentially beat inflation in the long-run.
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth has given a CAGR return of 16.56% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 21.41% and 12.00% respectively.
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Consumer Cyclical, Energy, Industrial, Basic Materials, Consumer Defensive, Health, Utilities, Communication, Real Estate. Its top holdings are Mirae Asset Nifty 100 ESG Sect Ldrs ETF
As it is a equity - esg 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 portflio investing predominantly in units of Mirae Asset Nifty 100 ESG Sector Leaders ETF. 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 Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth has no lock in period.
Expense ratio | 0.46% |
Benchmark | Morningstar India Sustain NR INR |
AUM | ₹101 Cr |
Inception Date | 19 November, 2020 |
Min Lumpsum/SIP | ₹5000/₹99 |
Exit Load | 0.1% |
Lock In | No Lock-in |
TurnOver | 0.88% |
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 (04-Dec-24)
as on (31-Dec-69)
Top 3 Sectors in October were Financial Services, Tech & Consumer Cyclical
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.7% | 2.7% |
6 Month Returns | 12.65% | 12.65% |
1 Year Returns | 21.41% | 21.41% |
3 Years Returns | 40.49% | 12% |
5 Years Returns | 0% | 0% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth | -0.81 | -0.83 | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth | 1.03 | 0.99 | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth | 1.13 | 0.46 | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth | 13.19 | 12.89 | - |