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Fund Overview
Fund Size
₹3,361 Cr
Expense Ratio
0.42%
ISIN
INF769K01KK8
Minimum SIP
₹1,000
Exit Load
1.00%
Inception Date
21 Aug 2023
About this fund
Mirae Asset Multicap Fund Direct Growth is a Multi-Cap mutual fund schemes offered by Mirae Asset India Mutual Fund. This fund has been in existence for 1 years, 3 months and 1 days, having been launched on 21-Aug-23.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹13.46, Assets Under Management (AUM) of 3361.07 Crores, and an expense ratio of 0.42%.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹13.46, Assets Under Management (AUM) of 3361.07 Crores, and an expense ratio of 0.42%.
- Mirae Asset Multicap Fund Direct Growth has given a CAGR return of 26.72% since inception.
- The fund's asset allocation comprises around 99.31% in equities, 0.00% in debts, and 0.69% in cash & cash equivalents.
- You can start investing in Mirae Asset Multicap 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
+26.23%
+30.32% (Cat Avg.)
Since Inception
+26.72%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2024
| Equity | ₹3,337.73 Cr | 99.31% |
| Others | ₹23.34 Cr | 0.69% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹148.74 Cr | 4.43% |
| Axis Bank Ltd | Equity | ₹129.48 Cr | 3.85% |
| State Bank of India | Equity | ₹101.16 Cr | 3.01% |
| Larsen & Toubro Ltd | Equity | ₹95.74 Cr | 2.85% |
| ICICI Bank Ltd | Equity | ₹66.52 Cr | 1.98% |
| CARE Ratings Ltd | Equity | ₹60.61 Cr | 1.80% |
| Tata Steel Ltd | Equity | ₹60.55 Cr | 1.80% |
| Wipro Ltd | Equity | ₹59.52 Cr | 1.77% |
| Whirlpool of India Ltd | Equity | ₹59.25 Cr | 1.76% |
| Delhivery Ltd | Equity | ₹57.68 Cr | 1.72% |
| Indian Bank | Equity | ₹56.67 Cr | 1.69% |
| Kotak Mahindra Bank Ltd | Equity | ₹56.53 Cr | 1.68% |
| Ceat Ltd | Equity | ₹56.33 Cr | 1.68% |
| Tata Motors Ltd | Equity | ₹56.21 Cr | 1.67% |
| Bharti Airtel Ltd | Equity | ₹55.54 Cr | 1.65% |
| Gland Pharma Ltd | Equity | ₹55.18 Cr | 1.64% |
| Tata Power Co Ltd | Equity | ₹53.56 Cr | 1.59% |
| Tata Consultancy Services Ltd | Equity | ₹53.49 Cr | 1.59% |
| Vedanta Ltd | Equity | ₹51.38 Cr | 1.53% |
| Jyothy Labs Ltd | Equity | ₹48.96 Cr | 1.46% |
| Reliance Industries Ltd | Equity | ₹47.6 Cr | 1.42% |
| Coal India Ltd | Equity | ₹47.31 Cr | 1.41% |
| RPG Life Sciences Ltd | Equity | ₹47.24 Cr | 1.41% |
| FSN E-Commerce Ventures Ltd | Equity | ₹46.52 Cr | 1.38% |
| Vijaya Diagnostic Centre Ltd | Equity | ₹46.36 Cr | 1.38% |
| Motherson Sumi Wiring India Ltd | Equity | ₹46.32 Cr | 1.38% |
| Bharat Electronics Ltd | Equity | ₹45.34 Cr | 1.35% |
| HCL Technologies Ltd | Equity | ₹42.65 Cr | 1.27% |
| Oracle Financial Services Software Ltd | Equity | ₹42.41 Cr | 1.26% |
| Cyient Ltd | Equity | ₹42.26 Cr | 1.26% |
| Go Digit General Insurance Ltd | Equity | ₹41.61 Cr | 1.24% |
| Zensar Technologies Ltd | Equity | ₹41.31 Cr | 1.23% |
| HDFC Asset Management Co Ltd | Equity | ₹40.92 Cr | 1.22% |
| InterGlobe Aviation Ltd | Equity | ₹40.67 Cr | 1.21% |
| ICICI Prudential Life Insurance Co Ltd | Equity | ₹40.56 Cr | 1.21% |
| Bharat Bijlee Ltd | Equity | ₹39.38 Cr | 1.17% |
| National Aluminium Co Ltd | Equity | ₹37.51 Cr | 1.12% |
| Gujarat Gas Ltd | Equity | ₹35.7 Cr | 1.06% |
| Arvind Ltd | Equity | ₹35.53 Cr | 1.06% |
| Century Plyboards (India) Ltd | Equity | ₹35.26 Cr | 1.05% |
| Cummins India Ltd | Equity | ₹34.43 Cr | 1.02% |
| Lupin Ltd | Equity | ₹34.27 Cr | 1.02% |
| One97 Communications Ltd | Equity | ₹34.15 Cr | 1.02% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹34.1 Cr | 1.01% |
| TeamLease Services Ltd | Equity | ₹33.04 Cr | 0.98% |
| Orient Electric Ltd Ordinary Shares | Equity | ₹33.02 Cr | 0.98% |
| Equitas Small Finance Bank Ltd Ordinary Shares | Equity | ₹32.7 Cr | 0.97% |
| P N Gadgil Jewellers Ltd | Equity | ₹32.49 Cr | 0.97% |
| Sudarshan Chemical Industries Ltd | Equity | ₹32.42 Cr | 0.96% |
| Dr Reddy's Laboratories Ltd | Equity | ₹32.16 Cr | 0.96% |
| Campus Activewear Ltd | Equity | ₹31.51 Cr | 0.94% |
| SRF Ltd | Equity | ₹31.5 Cr | 0.94% |
| Bharat Petroleum Corp Ltd | Equity | ₹31.22 Cr | 0.93% |
| Multi Commodity Exchange of India Ltd | Equity | ₹30.81 Cr | 0.92% |
| Craftsman Automation Ltd | Equity | ₹30.21 Cr | 0.90% |
| Page Industries Ltd | Equity | ₹29.99 Cr | 0.89% |
| Interarch Building Products Ltd | Equity | ₹29.88 Cr | 0.89% |
| Glenmark Pharmaceuticals Ltd | Equity | ₹28.81 Cr | 0.86% |
| Power Finance Corp Ltd | Equity | ₹28.43 Cr | 0.85% |
| Sobha Ltd | Equity | ₹28.13 Cr | 0.84% |
| ACC Ltd | Equity | ₹27.23 Cr | 0.81% |
| Avalon Technologies Ltd | Equity | ₹26.94 Cr | 0.80% |
| LIC Housing Finance Ltd | Equity | ₹26.7 Cr | 0.79% |
| Prestige Estates Projects Ltd | Equity | ₹25.48 Cr | 0.76% |
| Aurobindo Pharma Ltd | Equity | ₹25.4 Cr | 0.76% |
| Bajaj Finance Ltd | Equity | ₹25.3 Cr | 0.75% |
| Shriram Finance Ltd | Equity | ₹25.11 Cr | 0.75% |
| Bata India Ltd | Equity | ₹24.6 Cr | 0.73% |
| Birlasoft Ltd | Equity | ₹24.47 Cr | 0.73% |
| Ola Electric Mobility Ltd | Equity | ₹23.94 Cr | 0.71% |
| Treps | Cash - Repurchase Agreement | ₹23.06 Cr | 0.69% |
| ITC Ltd | Equity | ₹22.91 Cr | 0.68% |
| Narayana Hrudayalaya Ltd | Equity | ₹22.23 Cr | 0.66% |
| The Federal Bank Ltd | Equity | ₹21.99 Cr | 0.65% |
| Maruti Suzuki India Ltd | Equity | ₹21.27 Cr | 0.63% |
| Timken India Ltd | Equity | ₹19.53 Cr | 0.58% |
| CarTrade Tech Ltd | Equity | ₹19.42 Cr | 0.58% |
| GE Vernova T&D India Ltd | Equity | ₹17.91 Cr | 0.53% |
| Afcons Infrastructure Ltd | Equity | ₹17 Cr | 0.51% |
| Gateway Distriparks Ltd | Equity | ₹13.59 Cr | 0.40% |
| NRB Bearings Ltd | Equity | ₹11.11 Cr | 0.33% |
| Ganesha Ecosphere Ltd | Equity | ₹10.53 Cr | 0.31% |
| Prince Pipes And Fittings Ltd Ordinary Shares | Equity | ₹10.19 Cr | 0.30% |
| NTPC Ltd | Equity | ₹8.22 Cr | 0.24% |
| United Spirits Ltd | Equity | ₹7.81 Cr | 0.23% |
| Net Receivables / (Payables) | Cash | ₹0.28 Cr | 0.01% |
Allocation By Market Cap (Equity)
Large Cap Stocks
42.08%
Mid Cap Stocks
25.44%
Small Cap Stocks
28.71%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹933.85 Cr | 27.78% |
| Consumer Cyclical | ₹568.25 Cr | 16.91% |
| Industrials | ₹496.66 Cr | 14.78% |
| Technology | ₹324.92 Cr | 9.67% |
| Healthcare | ₹291.65 Cr | 8.68% |
| Basic Materials | ₹275.85 Cr | 8.21% |
| Energy | ₹126.13 Cr | 3.75% |
| Utilities | ₹97.47 Cr | 2.90% |
| Communication Services | ₹89.64 Cr | 2.67% |
| Consumer Defensive | ₹79.69 Cr | 2.37% |
| Real Estate | ₹53.61 Cr | 1.60% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
14.19%
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
0.92
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.66
Higher the better
Fund Managers
Ankit Jain
Since August 2023
Additional Scheme Detailsas of 31st October 2024
ISIN INF769K01KK8 | Expense Ratio 0.42% | Exit Load 1.00% | Fund Size ₹3,361 Cr | Age 1 year 3 months | Lumpsum Minimum ₹5,000 | Fund Status Open Ended Investment Company | Benchmark Nifty 500 Multicap 50:25:25 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 Multi-Cap Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Groww Multi Cap Fund Direct Growth Moderately High risk | - | 0.0% | - | - |
| Groww Multi Cap Fund Regular Growth Moderately High risk | - | 0.0% | - | - |
| HSBC Multi Cap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹4164.61 Cr | 34.6% |
| HSBC Multi Cap Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹4164.61 Cr | 32.8% |
| Tata Multicap Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹3218.66 Cr | 19.4% |
| Tata Multicap Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹3218.66 Cr | 17.4% |
| HDFC S&P BSE 500 ETF Very High Risk | 0.3% | - | ₹13.62 Cr | 24.2% |
| LIC MF Multi Cap Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹1349.65 Cr | 37.7% |
| LIC MF Multi Cap Fund Regular Growth Very High Risk | 2.1% | 1.0% | ₹1349.65 Cr | 35.4% |
| SBI Multicap Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹18603.41 Cr | 30.7% |
About the AMC
Mirae Asset India Mutual Fund
Total AUM
₹1,99,057 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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We're here to help.
What is the current NAV of Mirae Asset Multicap Fund Direct Growth?
The NAV of Mirae Asset Multicap Fund Direct Growth, as of 21-Nov-2024, is ₹13.46.
What is the portfolio composition of Mirae Asset Multicap Fund Direct Growth?
The fund's allocation of assets is distributed as 99.31% in equities, 0.00% in bonds, and 0.69% in cash and cash equivalents.
Who manages the Mirae Asset Multicap Fund Direct Growth?
The fund managers responsible for Mirae Asset Multicap Fund Direct Growth are:-
- Ankit Jain
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.