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

Equity
Direct
Equity - Esg
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth

About the Fund

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

  1. Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth has ₹111 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.1.

Returns

Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth has given a CAGR return of 18.01% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 30.11% and 14.65% 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, Energy, Consumer Cyclical, Industrial, Basic Materials, Utilities, Consumer Defensive, Health, 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 500.00. Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
67 people have invested ₹ 3.2L in Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth in the last three months

INDmoney Rank

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3Y returns in the bottom 25% of the category

Fund Overview

Expense ratio0.07%
Benchmark
Morningstar India Sustain NR INR
AUM₹111 Cr
Inception Date19 November, 2020
Min Lumpsum/SIP₹5000/₹500
Exit Load
0.05%
Lock InNo Lock-in
TurnOver
3.08%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-Dec-69)

  • Equity 99.5%

  • Debt & Cash 0.5%

Large cap
97%
Mid cap
2.4%
Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
28.6%
Tech
12.5%
Energy
11.6%
Consumer Cyclical
11.4%
Industrial
7.7%
Basic Materials
7.5%
Utilities
6%
Consumer Defensive
5.9%
Health
4.3%
Communication
4.1%
Real Estate
0.5%
All changes are between Oct'69 and Dec'69

as on (30-Jun-24)

  • Equity

Holdings
Weight%
1M Change
Mirae Asset Nifty 100 ESG Sect Ldrs ETF
Mirae Asset Nifty 100 ESG Sect Ldrs ETF
99.74%
-2.6%

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth
30.1%
14.6%
-
18%
Quant ESG Equity Fund Direct Growth
Quant ESG Equity Fund Direct Growth
55.5%
32.5%
-
44%
ICICI Prudential ESG Exclusionary Strategy Fund Direct Growth
ICICI Prudential ESG Exclusionary Strategy Fund Direct Growth
41.2%
17.8%
-
23%
Kotak ESG Exclusionary Strategy Fund Direct Growth
Kotak ESG Exclusionary Strategy Fund Direct Growth
34.3%
15.5%
-
17.8%
See all

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 18.01% since inception which is less than its category average return of 20.82%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.48% in Equity, 0% in Debt and 0.52% in Cash related instruments
AUM size ₹111 Cr

AUM size ₹111 Cr

This fund has AUM of ₹111 Cr which is less than its category average of ₹ 1347 Cr
Expense Ratio 0.07%

Expense Ratio 0.07%

This fund has an expense ratio of 0.07% which is less than its category average expense ratio of 1.46%

Frequently Asked Questions

The current NAV of Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth is ₹18.18 as on 25-Jul-2024.
Existing (Absolute + CAGR) as on 25-Jul-2024.
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.59%
3.59%
6 Month Returns
15.62%
15.62%
1 Year Returns
30.11%
30.11%
3 Years Returns
50.7%
14.65%
5 Years Returns
0%
0%
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.07% as on June 2024
₹111 Cr as on June 2024
Financial Services(28.49%), Tech(12.39%), Energy(11.58%) as on June 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
-1.1
-0.87
-
As on June 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
1.01
0.99
-
As on June 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
1.81
0.68
-
As on June 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
11.27
12.95
-
As on June 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 1.24 as on June 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%