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.

1. Mirae Asset Nifty Total Market Index Fund Direct Growth has ₹32 Cr worth of assets under management (AUM) as on Feb 2025 and is less than category average.
2. The fund has an expense ratio 0.1.
   

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 benefit
Dividends 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.