| OCT 2024 | |
|---|---|
| Number of Holdings | 50 |
| Top 5 Company Holdings | 38.87% |
| Top 10 Company Holdings | 56.48% |
| Company with Highest Exposure | HDFC Bank (12.13%) |
| Number of Sectors | 14 |
| Top 3 Sector Holdings | 58.82% |
| Top 5 Sector Holdings | 74.47% |
| Sector with Highest Exposure | Financial (32.93%) |
Unrated
Mirae Asset Nifty 50 Index Fund Direct-IDCW
NAV as of Nov 22, 2024
9.812.37%
(Earn upto 0.65% Extra Returns with Direct Plan)
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Mirae Asset Nifty 50 Index Fund Direct-IDCW Fund Details
Investment Objective - The scheme seeks to generate returns, before expenses, that are commensurate with the performance of Nifty 50 Total Return Index, subject to tracking error.
| Fund House | Mirae Asset Mutual Fund |
| Launch Date | Oct 24, 2024 |
| Benchmark | NIFTY 50 Total Return Index |
| Return Since Launch | -1.87% |
| Riskometer | Very High |
| Fund Category | Equity: Large Cap |
| Expense Ratio | 0.10%(0.45% Category average) |
| Fund Size | Rs. 9.43 Cr(0.00% of Investment in Category) |
| Type | Open-ended |
| Risk Grade | - |
| Return Grade | - |
Mirae Asset Nifty 50 Index Fund Direct-IDCW Investment Details
| Minimum Investment (Rs.) | 5,000.00 |
| Minimum Additional Investment (Rs.) | 1,000.00 |
| Minimum SIP Investment (Rs.) | 99.00 |
| Minimum Withdrawal (Rs.) | - |
| Exit Load | 0% |
Mirae Asset Nifty 50 Index Fund Direct-IDCW Fund Key Highlights
1. Current NAV: The Current Net Asset Value of the Mirae Asset Nifty 50 Index Fund - Direct Plan as of Nov 22, 2024 is Rs 9.81 for IDCW option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: -0.85% (since launch). Whereas, Category returns for the same time duration are: 36.833147925278574% (1yr), 13.455585729575771% (3yr) and 17.63505281119402% (5yr).
3. Fund Size: The Mirae Asset Nifty 50 Index Fund - Direct Plan currently holds Assets under Management worth of Rs null crore as on null.
4. Expense ratio: The expense ratio of the fund is null% for Direct plan as on null.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 99.
1. Current NAV: The Current Net Asset Value of the Mirae Asset Nifty 50 Index Fund - Direct Plan as of Nov 22, 2024 is Rs 9.81 for IDCW option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: -0.85% (since launch). Whereas, Category returns for the same time duration are: 36.833147925278574% (1yr), 13.455585729575771% (3yr) and 17.63505281119402% (5yr).
3. Fund Size: The Mirae Asset Nifty 50 Index Fund - Direct Plan currently holds Assets under Management worth of Rs null crore as on null.
4. Expense ratio: The expense ratio of the fund is null% for Direct plan as on null.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 99.
Mirae Asset Nifty 50 Index Fund Direct-IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns - - - - - - Category Avg -2.95 -5.34 4.18 28.20 13.93 16.88 Rank within Category - - - - - - No. of funds within Category 171 166 162 155 113 92
Return Comparison
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- Nifty 50
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Portfolio Allocation
Asset Allocation
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Asset Allocation History
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EquityDebtCash
Sector Allocation
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Market Cap Allocation
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Concentration & Valuation Analysis
Top Stock Holdings
Sector Holdings in MF
Top Stock Holdings data not available for this fund
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Mirae Asset Nifty 50 Index Fund Direct-IDCW 9.81 Unrated 9.43 - - - - ICICI Prudential Nifty Alpha Low Volatility 30 ETF FOF Direct - IDCW 15.47 809.67 -5.26 32.31 17.48 - ICICI Prudential Bluechip Fund Direct-IDCW 63.20 63,669.82 -2.27 29.94 17.60 19.99 Nippon India Large Cap Fund Direct- IDCW 41.86 34,105.04 -1.44 31.40 20.84 20.71 JM Large Cap Fund Direct Plan-IDCW 70.36 456.66 -2.05 32.25 17.13 19.18
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
Mirae Asset Mutual Fund News
- NFO Update: Mirae Asset Mutual Fund launches long-duration fund
- ?These 10 mutual funds had largest positions in companies listed on NSE in September
- NFO Alert: Mirae Asset Mutual Fund launches Nifty 1D Rate Liquid ETF
- 2 mutual funds file draft papers with Sebi to launch 3 passive funds and a smallcap fund
Fund Manager
- R.C.Rajat ChandakSince Jun 2021
Mr. Chandak is a B.Com (H) and MBA. He has been associated with ICICI Prudential AMC since 2008.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y ICICI Prudential Balanced Advantage-Growth Dynamic Asset Allocation 69.07 60,544.87 17.47 ICICI Prudential Transportation and Logistics Fund - Growth Thematic 17.79 Unrated 2,975.33 37.80 ICICI Prudential Long Term Wealth Enhancement Fund - Growth ELSS 27.88 Unrated 42.36 35.34
More Mirae Asset Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| Mirae Asset Large Cap Fund Regular- Growth | 39,336.60 | -3.93 | -1.14 | 11.24 | 23.94 | 9.42 | |
| Mirae Asset Large & Midcap Fund Regular-Growth | 38,166.21 | -5.17 | -3.23 | 8.92 | 27.66 | 12.05 | |
| Mirae Asset ELSS Tax Saver Fund Regular-Growth | 24,895.71 | -4.56 | -1.82 | 10.57 | 29.77 | 12.42 | |
| Mirae Asset Midcap Fund Regular - Growth | 16,576.59 | -5.96 | -3.22 | 10.24 | 31.33 | 16.50 | |
| Mirae Asset Liquid Fund - Growth | 12,782.74 | 0.58 | 1.77 | 3.59 | 7.38 | 6.22 | |
| Mirae Asset Aggressive Hybrid Fund Regular-Growth | 9,025.09 | -3.94 | -0.96 | 9.73 | 22.68 | 10.29 | |
| Mirae Asset Focused Fund Regular - Growth | 8,250.40 | -3.09 | 3.68 | 17.71 | 25.21 | 6.75 | |
| Mirae Asset Great Consumer Fund Regular-Growth | 4,118.05 | -9.98 | -4.58 | 10.15 | 27.06 | 16.29 | |
| Mirae Asset Nifty 50 ETF - Growth | 3,651.34 | -4.20 | -1.73 | 9.09 | 24.06 | 10.91 | |
| Mirae Asset Multicap Fund Regular - Growth | 3,361.07 | -4.78 | -1.48 | 11.33 | 29.93 | 0.00 |
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FAQs about Mirae Asset Nifty 50 Index Fund Direct-IDCW
- Is it safe to invest in Mirae Asset Nifty 50 Index Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Mirae Asset Nifty 50 Index Fund - Direct Plan comes under Very High risk category.
- What is the category of Mirae Asset Nifty 50 Index Fund - Direct Plan?Mirae Asset Nifty 50 Index Fund - Direct Plan belongs to the Equity : Large Cap category of funds.
- How Long should I Invest in Mirae Asset Nifty 50 Index Fund - Direct Plan?The suggested investment horizon of investing into Mirae Asset Nifty 50 Index Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Mirae Asset Nifty 50 Index Fund - Direct Plan?The Mirae Asset Nifty 50 Index Fund - Direct Plan is managed by Ekta Gala (Since Oct 10, 2024) and Vishal Singh (Since Oct 10, 2024).
About Mirae Asset Nifty 50 Index Fund Direct-IDCW
1. Mirae Asset Nifty 50 Index Fund - Direct Plan is Open-ended Large Cap Equity scheme which belongs to Mirae Asset Mutual Fund House.
2. The fund was launched on Oct 24, 2024.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate returns, before expenses, that are commensurate with the performance of Nifty 50 Total Return Index, subject to tracking error. "
2. It is benchmarked against NIFTY 50 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around null% in equities, null% in debts and null% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around null% of the assets, the top 3 sectors constitute around null% of the assets.
3. The fund largely follows a null oriented style of investing and invests across market capitalisations - around null% in giant & large cap companies, null% in mid cap and null% in small cap companies.
Tax Implications on Mirae Asset Nifty 50 Index Fund Direct-IDCW
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
1. Mirae Asset Nifty 50 Index Fund - Direct Plan is Open-ended Large Cap Equity scheme which belongs to Mirae Asset Mutual Fund House.
2. The fund was launched on Oct 24, 2024.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate returns, before expenses, that are commensurate with the performance of Nifty 50 Total Return Index, subject to tracking error. "
2. It is benchmarked against NIFTY 50 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around null% in equities, null% in debts and null% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around null% of the assets, the top 3 sectors constitute around null% of the assets.
3. The fund largely follows a null oriented style of investing and invests across market capitalisations - around null% in giant & large cap companies, null% in mid cap and null% in small cap companies.
Tax Implications on Mirae Asset Nifty 50 Index Fund Direct-IDCW
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.