NAV as on 26-03-2025
₹ 9.4
1D
Inception Returns
/yr
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.
Mirae Asset Nifty Total Market Index Fund Direct Growth has given a CAGR return of -6.01% since inception.
Mirae Asset Nifty Total Market Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Tech, Basic Materials, Energy, Consumer Defensive, Health, Communication, Utilities, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, Bharti Airtel Ltd
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.
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 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.
Expense ratio | 0.14% |
Benchmark | Nifty Total Market TR INR |
AUM | ₹32 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 |
as on (28-Feb-25)
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Mirae Asset Nifty Total Market Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.1% | 4.1% |
6 Month Returns | 0% | 0% |
1 Year Returns | 0% | 0% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mirae Asset Nifty Total Market Index Fund Direct Growth | - | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset Nifty Total Market Index Fund Direct Growth | - | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Mirae Asset Nifty Total Market Index Fund Direct Growth | - | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Mirae Asset Nifty Total Market Index Fund Direct Growth | - | - | - |