Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth

Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth

Equity

Direct

Equity - Esg

NAV as on 04-12-2024

₹ 18.56

0.2%

1D

Inception Returns

16.6%

/yr

About 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 Ekta Gala. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth has ₹101 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.5.

Returns

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.

Holdings

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

Taxation

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 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 Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth

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 and lockin period

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
76 people have invested ₹ 1.7L in Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth in the last three months

INDmoney Rank for Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth

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IND ranking is not available for this fund.
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Lower expense ratio
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3Y returns in the bottom 25% of the category

Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth Overview

Expense ratio0.46%
Benchmark
Morningstar India Sustain NR INR
AUM₹101 Cr
Inception Date19 November, 2020
Min Lumpsum/SIP₹5000/₹99
Exit Load
0.1%
Lock InNo Lock-in
TurnOver
0.88%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (04-Dec-24)

Period
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth
Equity ESG Index
1M
2.7%
3%
3M
-2.7%
-2.3%
6M
12.7%
15%
1Y
21.4%
25.6%
3Y
12%
13.8%

Fund Distribution

as on (31-Dec-69)

  • Equity 100%

  • Debt & Cash 0%

Large cap
97.3%

Mid cap
2.5%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
28.3%
Tech
14%
Consumer Cyclical
12.7%
Energy
10.5%
Industrial
6.9%
Basic Materials
6.5%
Consumer Defensive
5.6%
Health
5.3%
Utilities
4.9%
Communication
4.8%
Real Estate
0.5%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 101.2 Cr
₹ 110.6 Cr
₹ 108.4 Cr
  • AUM of the fund stands at 101.2 Cr as of Oct'24
  • AUM decreased by 9.4 Cr between Oct'24 and Sep'24
Mid Cap allocation has gone down from 2.6% to 2.5%
Mid Cap allocation has gone down from 2.6% to 2.5%
Large Cap allocation has gone up from 97.3% to 97.3%
Large Cap allocation has gone up from 97.3% to 97.3%
Cash allocation has gone down from 0.3% to 0%
Cash allocation has gone down from 0.3% to 0%

Top 3 Sectors in October were Financial Services, Tech & Consumer Cyclical

Oct'24
Financial Services
28%
Tech
14%
Consumer Cyclical
13%
Sep'24
Financial Services
28%
Tech
15%
Consumer Cyclical
12%
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Ekta Gala
Ekta Gala
Fund Manager of Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth, since 28 December 2020
Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.89L Cr
as on 31-Oct-2024
Address
Mirae Asset Investment Managers (India) Private Limited.,Unit No. 606, 6th Floor,,Windsor Bldg, Off CST Road,,Kalina, Santacruz (East), Mumbai - 400 098
Phone
91-22-22-6780300
Website
customercare@miraeasset.com

Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth 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 16.56% since inception which is less than its category average return of 19.05%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.97% in Equity, 0% in Debt and 0.03% in Cash related instruments
AUM size ₹101 Cr

AUM size ₹101 Cr

This fund has AUM of ₹101 Cr which is less than its category average of ₹ 1275 Cr
Expense Ratio 0.46%

Expense Ratio 0.46%

This fund has an expense ratio of 0.46% which is less than its category average expense ratio of 1.49%

Frequently Asked Questions for Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth

The current NAV of Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth is ₹18.56 as on 04-Dec-2024.
Existing (Absolute + CAGR) as on 04-Dec-2024.
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%
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.
0.46% as on November 2024
₹101 Cr as on November 2024
Financial Services(28.28%), Tech(14.03%), Consumer Cyclical(12.65%) as on November 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
-0.81
-0.83
-
As on November 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
1.03
0.99
-
As on November 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
1.13
0.46
-
As on November 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
13.19
12.89
-
As on November 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 0.72 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Ekta Gala is the fund manager of Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth
The Exit load of Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth is 0.05%