Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Payout Inc Dist cum Cap Wdrl

Hybrid
Direct
Fund Of Funds
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Payout Inc Dist cum Cap Wdrl

About the Fund

Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Payout Inc Dist cum Cap Wdrl is a hybrid fund. This fund was started on 31 January, 2022. The fund is managed by . This fund gives you the benefit of diversification.

Key Parameters

  1. Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Payout Inc Dist cum Cap Wdrl has ₹103 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 India Manufacturing ETF Fund of Fund Direct Payout Inc Dist cum Cap Wdrl has given a CAGR return of 29.91% since inception. Over the last 1 year the fund has given a CAGR return of 59.42%.

Holdings

Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Payout Inc Dist cum Cap Wdrl has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Industrial, Basic Materials, Health, Energy, Tech.

Taxation

As it is a fund of funds mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
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
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Payout Inc Dist cum Cap Wdrl

The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing predominantly in units of Mirae Asset Nifty India Manufacturing 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 India Manufacturing ETF Fund of Fund Direct Payout Inc Dist cum Cap Wdrl has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
2 people have invested ₹ 2K in Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Payout Inc Dist cum Cap Wdrl in the last three months

Fund Overview

Expense ratio0.54%
Benchmark
Nifty India Manufacturing TR INR
AUM₹103 Cr
Inception Date31 January, 2022
Min Lumpsum/SIP₹5000/₹500
Exit Load
0.5%
Lock InNo Lock-in
TurnOver
33.4%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-Dec-69)

  • Equity 99.9%

  • Debt & Cash 0.1%

Large cap
65.9%

Mid cap
30.9%

Small cap
3.1%

Sector Allocation

May'24

Apr'24

Mar'24

Consumer Cyclical
31.6%
Industrial
22.9%
Basic Materials
20.2%
Health
15.1%
Energy
9.1%
Tech
1.1%
All changes are between Oct'69 and Dec'69

as on (30-Jun-24)

  • Equity

Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Payout Inc Dist cum Cap Wdrl 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 29.91% since inception which is more than its category average return of 12.99%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.9% in Equity, 0% in Debt and 0.1% in Cash related instruments
AUM size ₹103 Cr

AUM size ₹103 Cr

This fund has AUM of ₹103 Cr which is less than its category average of ₹ 668 Cr
Expense Ratio 0.54%

Expense Ratio 0.54%

This fund has an expense ratio of 0.54% which is less than its category average expense ratio of 0.8%

Frequently Asked Questions

The current NAV of Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Payout Inc Dist cum Cap Wdrl is ₹18.89 as on 12-Jul-2024.
Existing (Absolute + CAGR) as on 12-Jul-2024.
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Payout Inc Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
4.33%
4.33%
6 Month Returns
34.1%
34.1%
1 Year Returns
59.42%
59.42%
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.
0.54% as on June 2024
₹103 Cr as on June 2024
Consumer Cyclical(30.96%), Industrial(26.14%), Basic Materials(20.31%) as on June 2024
The Exit load of Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Payout Inc Dist cum Cap Wdrl is 0.5%