Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth

Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth is an equity fund. This fund was started on 27 December, 2024. The fund is managed by Ekta Gala. The fund could potentially beat inflation in the long-run.

1. Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth has ₹13 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
2. The fund has an expense ratio 0.5.
   

Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth has given a CAGR return of -6.61% since inception.

Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Communication, Real Estate, Industrial, Financial Services, Tech, Consumer Defensive. Its top holdings are Mirae Asset Nfty India Nw Age Cnsptn ETF

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 benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset Nifty India New Age Consumption ETF. The Scheme does not guarantee or assure any returns. There is no assurance that the investment objective of the Scheme will be achieved.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 99.00. Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth has no lock in period.