Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth
Equity
Direct
Global - Other
NAV: ₹ 15.22 as on 30-04-2024
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
- Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth has ₹506 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.
Fund Performance
431 people have invested ₹ 26.9L in Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth in the last three months
Overview
 | 0.71% |
 Benchmark | S&P 500 TOP 50 TR INR |
 | ₹506 Cr |
 | 22 September, 2021 |
 | --/-- |
 Exit Load | 0.5% |
 | No Lock-in |
 TurnOver | 9.62% |
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth Distribution as on (31-Dec-69)
Size breakup
Large cap
99.7%
Mid cap
0.2%
Sector Allocation
Tech
41.5%
Communication
13.8%
Health
11.9%
Consumer Cyclical
11.7%
Financial Services
10.4%
Consumer Defensive
6.4%
Energy
2.8%
Basic Materials
0.9%
Utilities
0.5%
Industrial
0.1%
Top Holdings of Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth as on (30-Apr-24)
Equity Holdings1
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Mirae Asset S&P 500 Top 50 ETF | 100.03% | -0.7% |
Peer Analysis
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 17.51% since inception which is more than its category average return of 6.93%
Fund Allocations
This fund has an allocation of 99.9% in Equity, 0% in Debt and 0.1% in Cash related instruments
AUM size ₹506 Cr
This fund has AUM of ₹506 Cr which is less than its category average of ₹ 511 Cr
Expense Ratio 0.71%
This fund has an expense ratio of 0.71% which is less than its category average expense ratio of 1.4%
Frequently Asked Questions
The current NAV of Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth is ₹15.22 as on 30-Apr-2024.
Existing (Absolute + CAGR) as on 30-Apr-2024.
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 5.64% | 5.64% |
6 Month Returns | 35.5% | 35.5% |
1 Year Returns | 47.89% | 47.89% |
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.
0.71% as on April 2024
₹506 Cr as on April 2024
Tech(41.47%), Communication(13.83%), Health(11.86%) as on April 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 April 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 April 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 | - | - | - |
As on April 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 | 12.13 | - | - |
As on April 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%