Mirae Asset Esg Sector Leaders Fund Of Fund Direct Plan - Growth
Equity
Direct
Equity - Esg
NAV: ₹ 14.4 as on 22-09-2023
Fund Performance
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
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%.
In the last 1 year, ICICI Prudential ESG Fund Direct Growth has given 19.9% return, outperforming this fund by 9.16%.
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
- 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.
- The fund has an expense ratio 0.7.
Mirae Asset Esg Sector Leaders Fund Of Fund Direct Plan - Growth Overview
 | 0.66% |
 Benchmark | Morningstar India Sustain NR INR |
 | ₹113 Cr |
 | 19 November, 2020 |
 | ₹5000/₹1000 |
 Exit Load | 0.05% |
 | No Lock-in |
 TurnOver | 3.08% |
Fund Distribution as on (31-Dec-69)
Size breakup
Large cap
97.3%
Mid cap
1.7%
Sector Allocation
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 Holdings1
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 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
- 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
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Mirae Asset Esg Sector Leaders Fund Of Fund Direct Plan - Growth | 10.7% | - | - | 14.2% |
 SBI Magnum Equity ESG Fund Direct Growth | 13.1% | 22.2% | 14.1% | 14.2% |
Fund 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 14.2% since inception which is less than its category average return of 16.91%
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
This fund has AUM of ₹113 Cr which is less than its category average of ₹ 1230 Cr
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.
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- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
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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%