Direct
NAV (05-Sep-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹165 Cr
Expense Ratio
0.06%
ISIN
INF769K01LN0
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
31 May 2024
About this fund
As of 05-Sep-24, it has a Net Asset Value (NAV) of ₹11.04, Assets Under Management (AUM) of 164.99 Crores, and an expense ratio of 0.06%.
- Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Fund of Fund Regular Growth has given a CAGR return of 12.00% since inception.
- The fund's asset allocation comprises around 100.03% in equities, 0.00% in debts, and -0.03% in cash & cash equivalents.
- You can start investing in Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Fund of Fund Regular 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.
Since Inception
+12.00%
— (Cat Avg.)
Portfolio Summaryas of 31st July 2024
| Equity | ₹165.05 Cr | 100.03% |
| Others | ₹-0.05 Cr | -0.03% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Mirae Asset Nfty MdSmcp400 Mmt Ql 100ETF | Mutual Fund - ETF | ₹165.15 Cr | 100.09% |
| Net Receivables / (Payables) | Cash | ₹-0.54 Cr | 0.33% |
| Treps | Cash - Repurchase Agreement | ₹0.39 Cr | 0.24% |
Allocation By Market Cap (Equity)
Large Cap Stocks
1.65%
Mid Cap Stocks
65.74%
Small Cap Stocks
32.60%
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Mutual Fund - ETF | ₹165.15 Cr | 100.09% |
| Cash | ₹-0.54 Cr | 0.33% |
| Cash - Repurchase Agreement | ₹0.39 Cr | 0.24% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
--
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
--
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
--
Higher the better
Fund Managers
Ekta Gala
Since May 2024
Vishal Singh
Since May 2024
Additional Scheme Detailsas of 31st July 2024
ISIN | INF769K01LN0 | Expense Ratio | 0.06% | Exit Load | No Charges | Fund Size | ₹165 Cr | Age | 31 May 2024 | Lumpsum Minimum | ₹5,000 | Fund Status | Open Ended Investment Company | Benchmark | NiftyMidSmallcap400MomentumQuality100TRI |
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:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
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 Fund of Funds Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Quantum Nifty 50 ETF Fund of Fund Direct Growth Very High Risk | 0.1% | 0.0% | ₹21.33 Cr | 29.5% |
| Quantum Nifty 50 ETF Fund of Fund Regular Growth Very High Risk | 0.2% | 0.0% | ₹21.33 Cr | 29.3% |
| Aditya Birla Sun Life Multi- Index Fund of Funds Direct Growth Very High Risk | 0.4% | 0.0% | ₹16.54 Cr | 36.7% |
| Aditya Birla Sun Life Multi- Index Fund of Funds Regular Growth Very High Risk | 1.1% | 0.0% | ₹16.54 Cr | 36.2% |
| Axis Equity ETFs FoF Regular Growth Very High Risk | 0.3% | 1.0% | ₹22.54 Cr | 38.6% |
| Axis Equity ETFs FoF Direct Growth Very High Risk | 0.1% | 1.0% | ₹22.54 Cr | 38.8% |
| ICICI Prudential Nifty 100 Low Volatility 30 ETF FOF Regular Growth Very High Risk | 0.5% | 0.0% | ₹1221.65 Cr | 38.7% |
| ICICI Prudential Nifty 100 Low Volatility 30 ETF FOF Direct Growth Very High Risk | 0.1% | 0.0% | ₹1221.65 Cr | 39.1% |
| Quantum Multi Asset Fund of Funds Direct Growth High Risk | 0.1% | 1.0% | ₹58.02 Cr | 19.2% |
| ICICI Prudential Asset Allocator Fund (FOF) Regular Growth High Risk | 1.7% | 1.0% | ₹22108.94 Cr | 21.5% |
Risk Level
Your principal amount will be at Very High Risk
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What is the current NAV of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Fund of Fund Regular Growth?
What is the portfolio composition of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Fund of Fund Regular Growth?
Who manages the Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Fund of Fund Regular Growth?
- Ekta Gala
- Vishal Singh
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
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