Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth
Equity
Direct
Equity - Esg
NAV: ₹ 16.33 as on 18-04-2024
Fund Performance
66 people have invested ₹ 6.7L in Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth in the last three months
INDmoney Rank of Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth
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IND ranking is not available for this fund.
Pros
Lower expense ratio
Cons
3Y returns in the bottom 25% of the category
About the Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth
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 . The fund could potentially beat inflation in the long-run.
Key Parameters
- Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth has ₹112 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.6.
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth Overview
 | 0.62% |
 Benchmark | Morningstar India Sustain NR INR |
 | ₹112 Cr |
 | 19 November, 2020 |
 | ₹5000/₹500 |
 Exit Load | 0.05% |
 | No Lock-in |
 TurnOver | 3.08% |
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth Distribution as on (31-Dec-69)
Size breakup
Large cap
98.8%
Mid cap
1.3%
Sector Allocation
Financial Services
27.8%
Tech
14.8%
Energy
12.1%
Consumer Cyclical
10.7%
Basic Materials
7.2%
Industrial
7%
Consumer Defensive
6.2%
Utilities
5.7%
Health
4.5%
Communication
3.5%
Real Estate
0.6%
Top Holdings of Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth as on (31-Mar-24)
Equity Holdings1
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Mirae Asset Nifty 100 ESG Sect Ldrs ETF | 100.03% | -1.1% |
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 111.7 Cr as of Mar'24
- AUM increased by 0.6 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Peer Analysis
Mirae Asset Nifty 100 ESG Sector Leaders Fund of 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 an average annual returns of 15.92% since inception which is less than its category average return of 18.1%
Fund Allocations
This fund has an allocation of 99.57% in Equity, 0% in Debt and 0.43% in Cash related instruments
AUM size ₹112 Cr
This fund has AUM of ₹112 Cr which is less than its category average of ₹ 1289 Cr
Expense Ratio 0.62%
This fund has an expense ratio of 0.62% which is less than its category average expense ratio of 1.51%
Frequently Asked Questions
The current NAV of Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth is ₹16.33 as on 18-Apr-2024.
Existing (Absolute + CAGR) as on 18-Apr-2024.
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.43% | 0.43% |
6 Month Returns | 13.26% | 13.26% |
1 Year Returns | 27.67% | 27.67% |
3 Years Returns | 45.22% | 13.24% |
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.
0.62% as on March 2024
₹112 Cr as on March 2024
Financial Services(27.71%), Tech(14.79%), Energy(12.08%) as on March 2024
The alpha ratio for the Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth | -0.82 | -0.78 | - |
As on March 2024
The alpha for Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth is calculated against Morningstar India Sustain NR 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 Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth | 1 | 0.98 | - |
As on March 2024
The Beta for Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth is calculated with Morningstar India Sustain NR 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 Nifty 100 ESG Sector Leaders Fund of 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 Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth | 2.23 | 0.68 | - |
As on March 2024
The sharpe ratio for Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth is calculated with Morningstar India Sustain NR 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 Nifty 100 ESG Sector Leaders Fund of 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 Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth | 9.69 | 12.78 | - |
As on March 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.
Sortino ratio is 1.23 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
The Exit load of Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth is 0.05%