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Fund Overview
Fund Size
₹2,455 Cr
Expense Ratio
0.51%
ISIN
INF769K01JJ2
Minimum SIP
₹1,000
Exit Load
1.00%
Inception Date
24 Feb 2023
About this fund
Mirae Asset Flexi Cap Fund Direct Growth is a Flexi Cap mutual fund schemes offered by Mirae Asset India Mutual Fund. This fund has been in existence for 1 years, 9 months and 28 days, having been launched on 24-Feb-23.
As of 20-Dec-24, it has a Net Asset Value (NAV) of ₹15.63, Assets Under Management (AUM) of 2455.23 Crores, and an expense ratio of 0.51%.
As of 20-Dec-24, it has a Net Asset Value (NAV) of ₹15.63, Assets Under Management (AUM) of 2455.23 Crores, and an expense ratio of 0.51%.
- Mirae Asset Flexi Cap Fund Direct Growth has given a CAGR return of 27.82% since inception.
- The fund's asset allocation comprises around 96.95% in equities, 0.00% in debts, and 3.05% in cash & cash equivalents.
- You can start investing in Mirae Asset Flexi Cap Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+22.77%
+24.37% (Cat Avg.)
Since Inception
+27.82%
— (Cat Avg.)
Portfolio Summaryas of 30th November 2024
| Equity | ₹2,380.28 Cr | 96.95% |
| Others | ₹74.95 Cr | 3.05% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹153.01 Cr | 6.54% |
| ICICI Bank Ltd | Equity | ₹124.44 Cr | 5.32% |
| State Bank of India | Equity | ₹89.8 Cr | 3.84% |
| Infosys Ltd | Equity | ₹80.48 Cr | 3.44% |
| Reliance Industries Ltd | Equity | ₹77.69 Cr | 3.32% |
| Larsen & Toubro Ltd | Equity | ₹64.74 Cr | 2.77% |
| Axis Bank Ltd | Equity | ₹64.41 Cr | 2.75% |
| Tata Consultancy Services Ltd | Equity | ₹59.77 Cr | 2.56% |
| Bharti Airtel Ltd | Equity | ₹55.84 Cr | 2.39% |
| GE Vernova T&D India Ltd | Equity | ₹53.58 Cr | 2.29% |
| Treps | Cash - Repurchase Agreement | ₹48.85 Cr | 2.09% |
| Mankind Pharma Ltd | Equity | ₹43.88 Cr | 1.88% |
| Multi Commodity Exchange of India Ltd | Equity | ₹43.66 Cr | 1.87% |
| CarTrade Tech Ltd | Equity | ₹41.83 Cr | 1.79% |
| LTIMindtree Ltd | Equity | ₹40.8 Cr | 1.74% |
| Shriram Finance Ltd | Equity | ₹39.13 Cr | 1.67% |
| ITC Ltd | Equity | ₹37.42 Cr | 1.60% |
| Welspun Corp Ltd | Equity | ₹35.33 Cr | 1.51% |
| Birlasoft Ltd | Equity | ₹33.01 Cr | 1.41% |
| SBI Life Insurance Co Ltd | Equity | ₹30.82 Cr | 1.32% |
| DLF Ltd | Equity | ₹30.33 Cr | 1.30% |
| Zensar Technologies Ltd | Equity | ₹30.26 Cr | 1.29% |
| Bharat Electronics Ltd | Equity | ₹29.86 Cr | 1.28% |
| Neogen Chemicals Ltd | Equity | ₹28.61 Cr | 1.22% |
| Deepak Nitrite Ltd | Equity | ₹28.06 Cr | 1.20% |
| Sobha Ltd | Equity | ₹27.82 Cr | 1.19% |
| Hyundai Motor India Ltd | Equity | ₹27.81 Cr | 1.19% |
| Havells India Ltd | Equity | ₹27.75 Cr | 1.19% |
| Cummins India Ltd | Equity | ₹27.04 Cr | 1.16% |
| Wonderla Holidays Ltd | Equity | ₹26.81 Cr | 1.15% |
| Brigade Enterprises Ltd | Equity | ₹25.45 Cr | 1.09% |
| Narayana Hrudayalaya Ltd | Equity | ₹24.94 Cr | 1.07% |
| Syngene International Ltd | Equity | ₹24.87 Cr | 1.06% |
| JNK India Ltd | Equity | ₹24.85 Cr | 1.06% |
| Electronics Mart India Ltd | Equity | ₹24.33 Cr | 1.04% |
| Godrej Consumer Products Ltd | Equity | ₹23.48 Cr | 1.00% |
| Laurus Labs Ltd | Equity | ₹23.09 Cr | 0.99% |
| JK Cement Ltd | Equity | ₹22.99 Cr | 0.98% |
| NTPC Ltd | Equity | ₹22.77 Cr | 0.97% |
| Zomato Ltd | Equity | ₹22.72 Cr | 0.97% |
| HDFC Asset Management Co Ltd | Equity | ₹22.36 Cr | 0.96% |
| Cera Sanitaryware Ltd | Equity | ₹22.11 Cr | 0.95% |
| L&T Finance Ltd | Equity | ₹22.05 Cr | 0.94% |
| Asian Paints Ltd | Equity | ₹22.02 Cr | 0.94% |
| United Spirits Ltd | Equity | ₹21.91 Cr | 0.94% |
| Dr Reddy's Laboratories Ltd | Equity | ₹21.66 Cr | 0.93% |
| General Insurance Corp of India | Equity | ₹21.5 Cr | 0.92% |
| Mahindra & Mahindra Ltd | Equity | ₹21.19 Cr | 0.91% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹19.97 Cr | 0.85% |
| Jindal Steel & Power Ltd | Equity | ₹19.53 Cr | 0.84% |
| Apollo Tyres Ltd | Equity | ₹19.44 Cr | 0.83% |
| Schaeffler India Ltd | Equity | ₹19.21 Cr | 0.82% |
| Tata Motors Ltd | Equity | ₹19.18 Cr | 0.82% |
| Balkrishna Industries Ltd | Equity | ₹18.85 Cr | 0.81% |
| TD Power Systems Ltd | Equity | ₹18.68 Cr | 0.80% |
| Oil & Natural Gas Corp Ltd | Equity | ₹18.63 Cr | 0.80% |
| Coal India Ltd | Equity | ₹18.53 Cr | 0.79% |
| Hindalco Industries Ltd | Equity | ₹18.52 Cr | 0.79% |
| Krishna Institute of Medical Sciences Ltd | Equity | ₹17.98 Cr | 0.77% |
| Varun Beverages Ltd | Equity | ₹17.93 Cr | 0.77% |
| Hindustan Unilever Ltd | Equity | ₹17.13 Cr | 0.73% |
| Titan Co Ltd | Equity | ₹16.34 Cr | 0.70% |
| Bharat Petroleum Corp Ltd | Equity | ₹16.07 Cr | 0.69% |
| TVS Motor Co Ltd | Equity | ₹15.21 Cr | 0.65% |
| Cholamandalam Financial Holdings Ltd | Equity | ₹13.42 Cr | 0.57% |
| Go Digit General Insurance Ltd | Equity | ₹13.41 Cr | 0.57% |
| Century Plyboards (India) Ltd | Equity | ₹12.74 Cr | 0.54% |
| Kajaria Ceramics Ltd | Equity | ₹12.24 Cr | 0.52% |
| Tata Consumer Products Ltd | Equity | ₹11.83 Cr | 0.51% |
| IndusInd Bank Ltd | Equity | ₹11.66 Cr | 0.50% |
| Praj Industries Ltd | Equity | ₹11.21 Cr | 0.48% |
| Safari Industries (India) Ltd | Equity | ₹10.96 Cr | 0.47% |
| Kotak Mahindra Bank Ltd | Equity | ₹10.39 Cr | 0.44% |
| Motherson Sumi Wiring India Ltd | Equity | ₹10.21 Cr | 0.44% |
| InterGlobe Aviation Ltd | Equity | ₹10.01 Cr | 0.43% |
| Waaree Energies Ltd | Equity | ₹8.77 Cr | 0.38% |
| Net Receivables / (Payables) | Cash | ₹-8.71 Cr | 0.37% |
| Sobha Ltd Ordinary Shares (Partly Paid Rs.5) | Equity | ₹1.68 Cr | 0.07% |
Allocation By Market Cap (Equity)
Large Cap Stocks
61.04%
Mid Cap Stocks
10.32%
Small Cap Stocks
23.56%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹660.05 Cr | 28.23% |
| Industrials | ₹302.06 Cr | 12.92% |
| Consumer Cyclical | ₹294.1 Cr | 12.58% |
| Technology | ₹253.09 Cr | 10.82% |
| Basic Materials | ₹187.79 Cr | 8.03% |
| Healthcare | ₹176.39 Cr | 7.54% |
| Energy | ₹130.92 Cr | 5.60% |
| Consumer Defensive | ₹129.71 Cr | 5.55% |
| Real Estate | ₹85.29 Cr | 3.65% |
| Communication Services | ₹55.84 Cr | 2.39% |
| Utilities | ₹22.77 Cr | 0.97% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
13.30%
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
0.82
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.49
Higher the better
Fund Managers
VG
Varun Goel
Since April 2024
Additional Scheme Detailsas of 30th November 2024
ISIN INF769K01JJ2 | Expense Ratio 0.51% | Exit Load 1.00% | Fund Size ₹2,455 Cr | Age 1 year 9 months | Lumpsum Minimum ₹5,000 | Fund Status Open Ended Investment Company | Benchmark Nifty 500 TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Flexi Cap Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Kotak Flexicap Fund Regular Growth Very High Risk | 1.5% | 1.0% | ₹51275.67 Cr | 20.9% |
| Baroda BNP Paribas Flexi Cap Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹1313.95 Cr | 27.1% |
| Baroda BNP Paribas Flexi Cap Fund Regular Growth Very High Risk | 2.1% | 1.0% | ₹1313.95 Cr | 25.6% |
| JM Flexicap Fund Regular Growth Very High Risk | 1.8% | 1.0% | ₹5012.19 Cr | 37.1% |
| ITI Flexi Cap Fund Direct Growth Very High Risk | 0.3% | 1.0% | ₹1287.64 Cr | 32.2% |
| ITI Flexi Cap Fund Regular Growth Very High Risk | 2.0% | 1.0% | ₹1287.64 Cr | 30.0% |
| Parag Parikh Flexi Cap Fund Regular Growth Very High Risk | 1.3% | 2.0% | ₹84640.59 Cr | 25.2% |
| Parag Parikh Flexi Cap Fund Direct Growth Very High Risk | 0.6% | 2.0% | ₹84640.59 Cr | 26.1% |
| Motilal Oswal Flexicap Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹12598.45 Cr | 47.4% |
| Motilal Oswal Flexicap Fund Regular Growth Very High Risk | 1.7% | 1.0% | ₹12598.45 Cr | 46.1% |
About the AMC
Mirae Asset India Mutual Fund
Total AUM
₹1,92,407 Cr
Address
Unit No. 606, 6th Floor, Mumbai, 400 098
Other Funds by Mirae Asset India Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
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What is the current NAV of Mirae Asset Flexi Cap Fund Direct Growth?
The NAV of Mirae Asset Flexi Cap Fund Direct Growth, as of 20-Dec-2024, is ₹15.63.
What is the portfolio composition of Mirae Asset Flexi Cap Fund Direct Growth?
The fund's allocation of assets is distributed as 96.95% in equities, 0.00% in bonds, and 3.05% in cash and cash equivalents.
Who manages the Mirae Asset Flexi Cap Fund Direct Growth?
The fund managers responsible for Mirae Asset Flexi Cap Fund Direct Growth are:-
- Varun Goel
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.