Mirae Asset Esg Sector Leaders Fund Of Fund Direct Plan - Growth

Mirae Asset Esg Sector Leaders Fund Of Fund Direct Plan - Growth

Compare
Equity
Direct
Equity - Esg

NAV: ₹ 14.4 as on 22-09-2023

Fund Performance
zero opening, trading, fund transfer fee
61 people have invested ₹ 1.4L in Mirae Asset Esg Sector Leaders Fund Of Fund Direct Plan - Growth in the last three months

Fund Insights

Insights icon
This fund has one of the lowest expense ratio in the category (equity - esg). Its expense ratio is 0.66% which is lower than the category average expense ratio of 1.6%.
Insights icon
In the last 1 year, ICICI Prudential ESG Fund Direct Growth has given 19.9% return, outperforming this fund by 9.16%.
Insights icon
Over the last 1 month, this fund has experienced a 4.4% drop in AUM moving from 117.91 Cr to 112.69 Cr.

About the Fund

Mirae Asset Esg Sector Leaders Fund Of Fund Direct Plan - 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

  1. Mirae Asset Esg Sector Leaders Fund Of Fund Direct Plan - Growth has ₹113 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.7.

Mirae Asset Esg Sector Leaders Fund Of Fund Direct Plan - Growth Overview

Expense ratio
Expense ratio
0.66%
Benchmark
Benchmark
Morningstar India Sustain NR INR
AUM
AUM
₹113 Cr
Inception Date
Inception Date
19 November, 2020
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
0.05%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
3.08%

Fund Distribution as on (31-Dec-69)

  • Equity 98.9%

  • Debt & Cash 1.1%

Size breakup

Large cap
97.3%
Mid cap
1.7%

Sector Allocation

Aug'23

Jul'23

Jun'23

Financial Services

25%

Tech

20.5%

Basic Materials

12.2%

Consumer Cyclical

9.7%

Industrial

8.9%

Consumer Defensive

7%

Health

6.7%

Communication

4.9%

Utilities

3.9%

Energy

0.7%

Real Estate

0.6%

Top Holdings of Mirae Asset Esg Sector Leaders Fund Of Fund Direct Plan - Growth as on (31-Aug-23)

  • Equity

Equity Holdings1
Holdings
Weight%
1M Change
Mirae Asset Nifty 100 ESG Sect Ldrs ETF
Mirae Asset Nifty 100 ESG Sect Ldrs ETF
99.68%
-3.4%

Mirae Asset Esg Sector Leaders Fund Of Fund Direct Plan - Growth: Monthly Changes Updates

All changes are between Oct'69 and Dec'69

AUM Change

Parameters
Aug'23
Jul'23
Jun'23
AUM
₹ 112.7 Cr
₹ 117.9 Cr
₹ 119.2 Cr
  • AUM of the fund stands at 112.7 Cr as of Aug'23
  • AUM decreased by 5.2 Cr between Aug'23 and Jul'23

Fund Portfolio Changes

Peer Analysis

  • Returns %

  • Fund Ratios

  • Overview

Fund 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 14.2% since inception which is less than its category average return of 16.91%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.94% in Equity, 0% in Debt and 1.06% in Cash related instruments
AUM size ₹113 Cr

AUM size ₹113 Cr

This fund has AUM of ₹113 Cr which is less than its category average of ₹ 1230 Cr
Expense Ratio 0.66%

Expense Ratio 0.66%

This fund has an expense ratio of 0.66% which is less than its category average expense ratio of 1.48%

Frequently Asked Questions

The current NAV of Mirae Asset Esg Sector Leaders Fund Of Fund Direct Plan - Growth is ₹14.43 as on 22-Sep-2023.
Existing (Absolute + CAGR) as on 22-Sep-2023.
Mirae Asset Esg Sector Leaders Fund Of Fund Direct Plan - Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.55%
3.55%
6 Month Returns
15.9%
15.9%
1 Year Returns
10.74%
10.74%
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.
0.66% as on August 2023
₹113 Cr as on August 2023
Financial Services(24.73%), Tech(20.29%), Basic Materials(12.03%) as on August 2023
The alpha ratio for the Mirae Asset Esg Sector Leaders Fund Of Fund Direct Plan - Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Mirae Asset Esg Sector Leaders Fund Of Fund Direct Plan - Growth
-1.01
-
-
As on August 2023
The alpha for Mirae Asset Esg Sector Leaders Fund Of Fund Direct Plan - 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 Esg Sector Leaders Fund Of Fund Direct Plan - Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Mirae Asset Esg Sector Leaders Fund Of Fund Direct Plan - Growth
0.97
-
-
As on August 2023
The Beta for Mirae Asset Esg Sector Leaders Fund Of Fund Direct Plan - 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 Esg Sector Leaders Fund Of Fund Direct Plan - Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Mirae Asset Esg Sector Leaders Fund Of Fund Direct Plan - Growth
-0.02
-
-
As on August 2023
The sharpe ratio for Mirae Asset Esg Sector Leaders Fund Of Fund Direct Plan - 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 Esg Sector Leaders Fund Of Fund Direct Plan - Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Mirae Asset Esg Sector Leaders Fund Of Fund Direct Plan - Growth
11.38
-
-
As on August 2023
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.
The Exit load of Mirae Asset Esg Sector Leaders Fund Of Fund Direct Plan - Growth is 0.05%