Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir Fund Direct Growth

Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir Fund Direct Growth is a hybrid fund. This fund was started on 31 May, 2024. The fund is managed by . This fund gives you the benefit of diversification.

1. Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir Fund Direct Growth has ₹80 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.
   

Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir Fund Direct Growth has given a CAGR return of 9.27% since inception.

Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Tech, Basic Materials, Health, Utilities, Energy, Consumer Cyclical, Consumer Defensive, Real Estate, Communication.

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).

The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF. There is no assurance that the investment objective of the Scheme will be realized.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir Fund Direct Growth has no lock in period.