Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth

Equity
Direct
Global - Other
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth

About the Fund

Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth is an equity fund. This fund was started on 22 September, 2021. The fund is managed by . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth has ₹539 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.7.

Returns

Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth has given a CAGR return of 18.13% since inception. Over the last 1 year the fund has given a CAGR return of 37.79%.

Holdings

Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Communication, Health, Consumer Cyclical, Financial Services, Consumer Defensive, Energy, Basic Materials, Utilities, Industrial. Its top holdings are Mirae Asset S&P 500 Top 50 ETF

Taxation

As it is a global - other mutual fund the taxation is as follows:
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
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth

The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing predominantly in units of Mirae Asset S&P 500 Top 50 ETF. There is no assurance that the investment objective of the Scheme will be realized.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 5000.00. Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
430 people have invested ₹ 27.5L in Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.73%
Benchmark
S&P 500 TOP 50 TR INR
AUM₹539 Cr
Inception Date22 September, 2021
Min Lumpsum/SIP--/--
Exit Load
0.5%
Lock InNo Lock-in
TurnOver
9.62%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-Dec-69)

  • Equity 99.8%

  • Debt & Cash 0.2%

Large cap
99.8%

Sector Allocation

Jun'24

May'24

Apr'24

Tech
42.4%
Communication
14.3%
Health
11.2%
Consumer Cyclical
10.6%
Financial Services
10.2%
Consumer Defensive
6.6%
Energy
3.1%
Basic Materials
0.8%
Utilities
0.6%
Industrial
0.1%

as on (30-Jun-24)

  • Equity

Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 18.13% since inception which is more than its category average return of 8.96%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.76% in Equity, 0% in Debt and 0.24% in Cash related instruments
AUM size ₹539 Cr

AUM size ₹539 Cr

This fund has AUM of ₹539 Cr which is more than its category average of ₹ 520 Cr
Expense Ratio 0.73%

Expense Ratio 0.73%

This fund has an expense ratio of 0.73% which is less than its category average expense ratio of 1.41%

Frequently Asked Questions

The current NAV of Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth is ₹15.98 as on 15-Jul-2024.
Existing (Absolute + CAGR) as on 15-Jul-2024.
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.93%
1.93%
6 Month Returns
26.7%
26.7%
1 Year Returns
37.79%
37.79%
3 Years Returns
0%
0%
5 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.
0.73% as on June 2024
₹539 Cr as on June 2024
Tech(42.32%), Communication(14.3%), Health(11.12%) as on June 2024
The alpha ratio for the Mirae Asset S&P 500 Top 50 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 S&P 500 Top 50 ETF Fund of Fund Direct Growth
-
-
-
As on June 2024
The alpha for Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth is calculated against S&P 500 TOP 50 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 S&P 500 Top 50 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 S&P 500 Top 50 ETF Fund of Fund Direct Growth
-
-
-
As on June 2024
The Beta for Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth is calculated with S&P 500 TOP 50 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 S&P 500 Top 50 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 S&P 500 Top 50 ETF Fund of Fund Direct Growth
2.1
-
-
As on June 2024
The sharpe ratio for Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth is calculated with S&P 500 TOP 50 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 S&P 500 Top 50 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 S&P 500 Top 50 ETF Fund of Fund Direct Growth
11.99
-
-
As on June 2024
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.
The Exit load of Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth is 0.5%