Equity
Direct
Global - Other
NAV as on 11-12-2024
₹ 20.68
1D
Inception Returns
25.3%
/yr
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 Ekta Gala. The fund could potentially beat inflation in the long-run.
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth has given a CAGR return of 25.31% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 67.94% and 23.19% respectively.
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Communication, Consumer Cyclical, Health, Financial Services, Consumer Defensive, Energy, Industrial, Basic Materials, Utilities. Its top holdings are Mirae Asset S&P 500 Top 50 ETF
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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
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 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.
Expense ratio | 0.74% |
Benchmark | S&P 500 TOP 50 TR INR |
AUM | ₹551 Cr |
Inception Date | 22 September, 2021 |
Min Lumpsum/SIP | --/-- |
Exit Load | 0.5% |
Lock In | No Lock-in |
TurnOver | 1.11% |
STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
Risk | Very High Risk |
as on (11-Dec-24)
as on (31-Dec-69)
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.87% | 4.87% |
6 Month Returns | 31.68% | 31.68% |
1 Year Returns | 67.94% | 67.94% |
3 Years Returns | 86.93% | 23.19% |
5 Years Returns | 0% | 0% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth | - | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth | - | - | - |
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 | 2.4 | 0.83 | - |
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 | 16.64 | 17.55 | - |