Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund Direct Growth
NAV as on 29-04-2025
₹ 8.23
▲1.6%
1D
Inception Returns
/yr
Historical NAV & Returns
Absolute
▲
▼
848 people have invested ₹ 48.7L in Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund Direct Growth in the last three months
About Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund Direct Growth
Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund Direct Growth is an equity fund. This fund was started on 29 July, 2024. The fund is managed by Ekta Gala. The fund could potentially beat inflation in the long-run.
Key Parameters
- Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund Direct Growth has ₹169 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.7.
Returns
Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund Direct Growth has given a CAGR return of -19.24% since inception.
Holdings
Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Industrial, Financial Services, Tech, Communication, Health, Energy, Basic Materials. Its top holdings are Mirae Asset Nifty 200 Alpha 30 ETF
Taxation
As it is a equity - other 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 Nifty200 Alpha 30 ETF Fund of Fund Direct Growth
The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset Nifty200 Alpha 30 ETF. There is no assurance that the investment objective of the Scheme will be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 99.00. Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund Direct Growth has no lock in period.
Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund Direct Growth Overview
| Expense ratio | 0.72% |
Benchmark | Nifty 200 Alpha 30 TR INR |
| AUM | ₹169 Cr |
| Inception Date | 29 July, 2024 |
| Min Lumpsum/SIP | ₹5000/₹99 |
Exit Load | 0.1% |
| 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 |
Trailing Returns
as on (29-Apr-25)
Fund Distribution
as on (31-Dec-69)
Large cap
50.9%
Mid cap
49.2%
Sector Allocation
Consumer Cyclical
28.9%
Industrial
17.2%
Financial Services
13.8%
Tech
12.5%
Communication
9.3%
Health
8.2%
Energy
6.3%
Basic Materials
3.7%
All changes are between Jan'25 and Mar'25
- This fund’s returns stands at 7.90% whereas the fund’s underlying benchmark Nifty 500 returns stands at 7.25% as on Mar'25
- This fund outperformed Nifty 500 by 0.65% in Mar'25
- AUM of the fund stands at 168.7 Cr as of Mar'25
- AUM increased by 10.2 Cr between Mar'25 and Feb'25
Mid Cap allocation has gone up from 44.1% to 49.2%
Large Cap allocation has gone down from 56% to 50.9%
Cash allocation has gone down from -0.1% to -0.1%
Top 3 Sectors in March were Consumer Cyclical, Industrial & Financial Services
Mar'25
Consumer Cyclical
29%
Industrial
17%
Financial Services
14%
Feb'25
Consumer Cyclical
28%
Industrial
18%
Financial Services
15%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Mirae Asset Nifty 200 Alpha 30 ETF | 100.11% | -1.4% |
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund Direct Growth | - | - | - | -19.24% |
 Sundaram Services Direct Growth | 17.91% | 19% | 29.6% | 21.5% |
 ICICI Prudential India Opportunities Fund Direct Growth | 15.43% | 24.31% | 35.97% | 23.21% |
ICICI Prudential Business Cycle Fund Direct Growth | 11.51% | 22.27% | - | 23.18% |
See all
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Ekta Gala
Fund Manager of Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund Direct Growth, since 29 July 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 Nifty200 Alpha 30 ETF Fund of 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 100.1% in Equity, 0% in Debt and -0.1% in Cash related instruments
AUM size ₹169 Cr
This fund has AUM of ₹169 Cr which is less than its category average of ₹ 2034 Cr
Expense Ratio 0.72%
This fund has an expense ratio of 0.72% which is less than its category average expense ratio of 1.31%
Frequently Asked Questions for Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund Direct Growth
The current NAV of Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund Direct Growth is ₹8.23 as on 29-Apr-2025.
Existing (Absolute + CAGR) as on 29-Apr-2025.
Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.9% | 4.9% |
6 Month Returns | -11.9% | -11.9% |
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.
0.72% as on March 2025
₹169 Cr as on March 2025
Consumer Cyclical(28.93%), Industrial(17.23%), Financial Services(13.78%) as on March 2025
The alpha ratio for the Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund Direct Growth | - | - | - |
As on March 2025
The alpha for Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund Direct Growth is calculated against Nifty 200 Alpha 30 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 Nifty200 Alpha 30 ETF Fund of Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund Direct Growth | - | - | - |
As on March 2025
The Beta for Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund Direct Growth is calculated with Nifty 200 Alpha 30 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 Nifty200 Alpha 30 ETF Fund of 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 Nifty200 Alpha 30 ETF Fund of Fund Direct Growth | - | - | - |
As on March 2025
The sharpe ratio for Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund Direct Growth is calculated with Nifty 200 Alpha 30 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 Nifty200 Alpha 30 ETF Fund of 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 Nifty200 Alpha 30 ETF Fund of 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 Nifty200 Alpha 30 ETF Fund of Fund Direct Growth
The Exit load of Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund Direct Growth is 0.05%