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

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

Equity

Direct

Global - Other

NAV as on 11-12-2024

₹ 20.68

-0.4%

1D

Inception Returns

25.3%

/yr

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

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.

Key Parameters

  1. Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth has ₹551 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 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.

Holdings

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

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
375 people have invested ₹ 24L in Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth in the last three months

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

Expense ratio0.74%
Benchmark
S&P 500 TOP 50 TR INR
AUM₹551 Cr
Inception Date22 September, 2021
Min Lumpsum/SIP--/--
Exit Load
0.5%
Lock InNo Lock-in
TurnOver
1.11%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (11-Dec-24)

Period
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth
Global - Other Index
1M
4.9%
-
3M
35.6%
-
6M
31.7%
-
1Y
67.9%
-
3Y
23.2%
-

Fund Distribution

as on (31-Dec-69)

  • Equity 99.9%

  • Debt & Cash 0.1%

Sector Allocation

Oct'24

Sep'24

Aug'24

Tech
43.7%
Communication
13.4%
Consumer Cyclical
10.7%
Health
10.6%
Financial Services
9.6%
Consumer Defensive
6.5%
Energy
2.7%
Industrial
1.4%
Basic Materials
0.8%
Utilities
0.6%
  • Equity

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Ekta Gala
Ekta Gala
Fund Manager of Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth, since 22 September 2021
Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.89L Cr
as on 31-Oct-2024
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 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 25.31% since inception which is more than its category average return of 9.27%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.88% in Equity, 0% in Debt and 0.12% in Cash related instruments
AUM size ₹551 Cr

AUM size ₹551 Cr

This fund has AUM of ₹551 Cr which is more than its category average of ₹ 531 Cr
Expense Ratio 0.74%

Expense Ratio 0.74%

This fund has an expense ratio of 0.74% which is less than its category average expense ratio of 1.44%

Frequently Asked Questions for Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth

The current NAV of Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth is ₹20.68 as on 11-Dec-2024.
Existing (Absolute + CAGR) as on 11-Dec-2024.
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%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.74% as on November 2024
₹551 Cr as on November 2024
Tech(43.65%), Communication(13.72%), Consumer Cyclical(10.63%) as on November 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 November 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 November 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
2.4
0.83
-
As on November 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
16.64
17.55
-
As on November 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.
Sortino ratio is 1.51 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Ekta Gala is the fund manager of Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth
The Exit load of Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth is 0.5%