Mirae Asset Nifty Total Market Index Fund Direct Growth
NAV as on 29-04-2025
₹ 9.76
▲1.1%
1D
Inception Returns
/yr
Historical NAV & Returns
Absolute
▲
▼
379 people have invested ₹ 69.9L in Mirae Asset Nifty Total Market Index Fund Direct Growth in the last three months
About Mirae Asset Nifty Total Market Index Fund Direct Growth
Mirae Asset Nifty Total Market Index Fund Direct Growth is an equity fund. This fund was started on 28 October, 2024. The fund is managed by Ekta Gala. The fund could potentially beat inflation in the long-run.
Key Parameters
- Mirae Asset Nifty Total Market Index Fund Direct Growth has ₹36 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
- The fund has an expense ratio 0.1.
Returns
Mirae Asset Nifty Total Market Index Fund Direct Growth has given a CAGR return of -2.40% since inception.
Holdings
Mirae Asset Nifty Total Market Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Basic Materials, Energy, Consumer Defensive, Health, Utilities, Communication, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, Bharti Airtel Ltd
Taxation
As it is a index funds mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
Investment objective of Mirae Asset Nifty Total Market Index Fund Direct Growth
The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of Nifty Total Market Total Return Index, subject to tracking error.
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 Total Market Index Fund Direct Growth has no lock in period.
Mirae Asset Nifty Total Market Index Fund Direct Growth Overview
| Expense ratio | 0.14% |
Benchmark | Nifty Total Market TR INR |
| AUM | ₹36 Cr |
| Inception Date | 28 October, 2024 |
| Min Lumpsum/SIP | ₹5000/₹99 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 0% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Fund Distribution
as on (31-Mar-25)
Large cap
68.9%
Mid cap
17.6%
Small cap
13%
Sector Allocation
Financial Services
29.8%
Industrial
11.4%
Consumer Cyclical
10.8%
Tech
9.8%
Basic Materials
8.7%
Energy
7.2%
Consumer Defensive
6.9%
Health
6.5%
Utilities
4%
Communication
3.7%
Real Estate
1.3%
All changes are between Jan'25 and Mar'25
- This fund’s returns stands at 7.26% whereas the fund’s underlying benchmark Nifty 50 returns stands at 6.33% as on Mar'25
- This fund outperformed Nifty 50 by 0.93% in Mar'25
- AUM of the fund stands at 36.1 Cr as of Mar'25
- AUM increased by 4.4 Cr between Mar'25 and Feb'25
Top Stocks bought last month
ICICI Bank Ltd's allocation increased from 5.01% to 5.18%
Kotak Mahindra Bank Ltd's allocation increased from 1.65% to 1.74%
Hindustan Aeronautics Ltd Ordinary Shares's allocation increased from 0.35% to 0.43%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 7.77 % to 7.57 %
Reliance Industries Ltd's allocation decreased from 4.81 % to 4.7 %
Infosys Ltd's allocation decreased from 3.59 % to 3.08 %
Large Cap allocation has gone down from 69.4% to 68.9%
Small Cap allocation has gone up from 12.6% to 13%
Mid Cap allocation has gone down from 17.7% to 17.6%
Cash allocation has gone up from 0.1% to 0.3%
Top 3 Sectors in March were Financial Services, Consumer Cyclical & Industrial
Mar'25
Financial Services
30%
Industrial
11%
Consumer Cyclical
11%
Feb'25
Financial Services
30%
Consumer Cyclical
11%
Industrial
11%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 7.57% | 5.1% | |
 ICICI Bank Ltd | 5.18% | 5.1% | |
 Reliance Industries Ltd | 4.7% | 4.8% | |
 Infosys Ltd | 3.08% | 5% | |
 Bharti Airtel Ltd | 2.53% | 5.1% |
See all
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Mirae Asset Nifty Total Market Index Fund Direct Growth | - | - | - | -2.4% |
 Motilal Oswal Nifty Bank Index Fund Direct Growth | 16.16% | 16.09% | 22.44% | 13.49% |
Motilal Oswal Nifty Midcap 150 Index Fund Direct Growth | 10.22% | 21.78% | 32.82% | 25.84% |
 UTI Nifty 50 Index Fund-Growth Option- Direct | 9.84% | 13.38% | 22.28% | 13.07% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 Reliance Industries Ltd | 9.3% |
 HDFC Bank Ltd | 8.6% |
 ICICI Bank Ltd | 8.4% |
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Ekta Gala
Fund Manager of Mirae Asset Nifty Total Market Index Fund Direct Growth, since 28 October 2024
Top funds managed
Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.68L Cr
as on 31-Mar-2025
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 Total Market Index Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
Fund Allocations
This fund has an allocation of 99.7% in Equity, 0% in Debt and 0.3% in Cash related instruments
AUM size ₹36 Cr
This fund has AUM of ₹36 Cr which is less than its category average of ₹ 750 Cr
Expense Ratio 0.14%
This fund has an expense ratio of 0.14% which is less than its category average expense ratio of 0.54%
Frequently Asked Questions for Mirae Asset Nifty Total Market Index Fund Direct Growth
The current NAV of Mirae Asset Nifty Total Market Index Fund Direct Growth is ₹9.76 as on 29-Apr-2025.
Existing (Absolute + CAGR) as on 29-Apr-2025.
Mirae Asset Nifty Total Market Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.55% | 3.55% |
6 Month Returns | -2.4% | -2.4% |
1 Year Returns | 0% | 0% |
3 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.
0.14% as on March 2025
₹36 Cr as on March 2025
HDFC Bank Ltd(7.57%), ICICI Bank Ltd(5.18%), Reliance Industries Ltd(4.7%), Infosys Ltd(3.08%), Bharti Airtel Ltd(2.53%) as on March 2025
Financial Services(29.75%), Industrial(11.32%), Consumer Cyclical(10.76%) as on March 2025
The alpha ratio for the Mirae Asset Nifty Total Market Index Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mirae Asset Nifty Total Market Index Fund Direct Growth | - | - | - |
As on March 2025
The alpha for Mirae Asset Nifty Total Market Index Fund Direct Growth is calculated against Nifty Total Market TR 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 Total Market Index Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset Nifty Total Market Index Fund Direct Growth | - | - | - |
As on March 2025
The Beta for Mirae Asset Nifty Total Market Index Fund Direct Growth is calculated with Nifty Total Market TR 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 Total Market Index 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 Total Market Index Fund Direct Growth | - | - | - |
As on March 2025
The sharpe ratio for Mirae Asset Nifty Total Market Index Fund Direct Growth is calculated with Nifty Total Market TR 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 Total Market Index 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 Total Market Index Fund Direct Growth | - | - | - |
As on March 2025
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.
Ekta Gala is the fund manager of Mirae Asset Nifty Total Market Index Fund Direct Growth
The Exit load of Mirae Asset Nifty Total Market Index Fund Direct Growth is 0%