Dezerv

Fund Overview

Fund Size

Fund Size

₹2,072 Cr

Expense Ratio

Expense Ratio

0.55%

ISIN

ISIN

INF769K01JJ2

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

1.00%

Inception Date

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, 5 months and 1 days, having been launched on 24-Feb-23.
As of 24-Jul-24, it has a Net Asset Value (NAV) of ₹15.28, Assets Under Management (AUM) of 2072.15 Crores, and an expense ratio of 0.55%.
  • Mirae Asset Flexi Cap Fund Direct Growth has given a CAGR return of 35.01% since inception.
  • The fund's asset allocation comprises around 96.52% in equities, 0.00% in debts, and 3.48% 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

+31.19%

+38.87% (Cat Avg.)

Since Inception

+35.01%

(Cat Avg.)

Portfolio Summaryas of 30th June 2024

Equity2,000.14 Cr96.52%
Others72.01 Cr3.48%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
HDFC Bank LtdEquity143.72 Cr6.94%
ICICI Bank LtdEquity102.69 Cr4.96%
State Bank of IndiaEquity92.95 Cr4.49%
Reliance Industries LtdEquity83.16 Cr4.01%
TrepsCash - Repurchase Agreement77.46 Cr3.74%
Axis Bank LtdEquity70.28 Cr3.39%
Infosys LtdEquity64.71 Cr3.12%
Larsen & Toubro LtdEquity63.42 Cr3.06%
NTPC LtdEquity60.96 Cr2.94%
Tata Consultancy Services LtdEquity51 Cr2.46%
Bharti Airtel LtdEquity50.01 Cr2.41%
Divi's Laboratories LtdEquity42.29 Cr2.04%
Birlasoft LtdEquity41.42 Cr2.00%
Shriram Finance LtdEquity40.1 Cr1.94%
LTIMindtree LtdEquity38.47 Cr1.86%
Mankind Pharma LtdEquity35.03 Cr1.69%
Sobha LtdEquity34.27 Cr1.65%
Laurus Labs LtdEquity33.83 Cr1.63%
Jindal Steel & Power LtdEquity32.6 Cr1.57%
ITC LtdEquity32.53 Cr1.57%
IndusInd Bank LtdEquity32.29 Cr1.56%
Bharat Electronics LtdEquity32.06 Cr1.55%
JNK India LtdEquity31.92 Cr1.54%
Havells India LtdEquity30.87 Cr1.49%
DLF LtdEquity30.52 Cr1.47%
Electronics Mart India LtdEquity29.17 Cr1.41%
Brigade Enterprises LtdEquity29.11 Cr1.40%
Godrej Consumer Products LtdEquity28.85 Cr1.39%
Balkrishna Industries LtdEquity28.71 Cr1.39%
Indian Hotels Co LtdEquity28.27 Cr1.36%
Schaeffler India LtdEquity26.51 Cr1.28%
Multi Commodity Exchange of India LtdEquity26.29 Cr1.27%
Raymond LtdEquity24.61 Cr1.19%
Cummins India LtdEquity23.5 Cr1.13%
JK Cement LtdEquity23.35 Cr1.13%
Tata Motors LtdEquity22.76 Cr1.10%
Canara BankEquity22.34 Cr1.08%
L&T Finance LtdEquity21.92 Cr1.06%
Kotak Mahindra Bank LtdEquity21.63 Cr1.04%
Neogen Chemicals LtdEquity20.95 Cr1.01%
Syngene International LtdEquity20.53 Cr0.99%
Cera Sanitaryware LtdEquity19.79 Cr0.96%
Coal India LtdEquity19.4 Cr0.94%
United Spirits LtdEquity19.3 Cr0.93%
Krishna Institute of Medical Sciences LtdEquity19.26 Cr0.93%
Zomato LtdEquity18.85 Cr0.91%
Hindalco Industries LtdEquity18.73 Cr0.90%
Wonderla Holidays LtdEquity17.32 Cr0.84%
Hindustan Unilever LtdEquity16.75 Cr0.81%
Bajaj Finance LtdEquity16.72 Cr0.81%
Sun Pharmaceuticals Industries LtdEquity16.42 Cr0.79%
TD Power Systems LtdEquity16.09 Cr0.78%
Bharat Petroleum Corp LtdEquity15.71 Cr0.76%
Kajaria Ceramics LtdEquity14.36 Cr0.69%
Fusion Finance LtdEquity12.01 Cr0.58%
Maruti Suzuki India LtdEquity11.67 Cr0.56%
Cholamandalam Financial Holdings LtdEquity11.37 Cr0.55%
UltraTech Cement LtdEquity10.99 Cr0.53%
InterGlobe Aviation LtdEquity10.45 Cr0.50%
Titan Co LtdEquity10.21 Cr0.49%
Power Grid Corp Of India LtdEquity9.43 Cr0.46%
TVS Motor Co LtdEquity8.51 Cr0.41%
Go Digit General Insurance LtdEquity6.21 Cr0.30%
Craftsman Automation LtdEquity5.89 Cr0.28%
Net Receivables / (Payables)Cash-5.45 Cr0.26%
Yatra Online LtdEquity2.49 Cr0.12%
Safari Industries (India) LtdEquity1.97 Cr0.09%
Sobha LimitedEquity0.66 Cr0.03%

Allocation By Market Cap (Equity)

Large Cap Stocks

68.93%

Mid Cap Stocks

8.64%

Small Cap Stocks

18.92%

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services620.51 Cr29.95%
Industrials242.45 Cr11.70%
Consumer Cyclical236.95 Cr11.44%
Technology195.59 Cr9.44%
Healthcare167.36 Cr8.08%
Energy118.27 Cr5.71%
Basic Materials106.62 Cr5.15%
Consumer Defensive97.43 Cr4.70%
Real Estate93.9 Cr4.53%
Utilities70.39 Cr3.40%
Communication Services50.01 Cr2.41%

Risk & Performance Ratios

Standard Deviation

This fund

--

Cat. avg.

12.88%

Lower the better

Sharpe Ratio

This fund

--

Cat. avg.

0.89

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

1.63

Higher the better

Fund Managers

VG

Varun Goel

Since April 2024

Additional Scheme Detailsas of 30th June 2024

ISIN
INF769K01JJ2
Expense Ratio
0.55%
Exit Load
1.00%
Fund Size
₹2,072 Cr
Age
24 Feb 2023
Lumpsum Minimum
₹5,000
Fund Status
Open Ended Investment Company
Benchmark
NIFTY 500 TR INR

Investment ObjectiveInvestment 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

Withdrawal within 1 year

Flat 15% tax on realised gains (STCG - short term capital gains)

Withdrawal after 1 year

10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies 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 nameExpense RatioExit LoadFund size
1Y
Kotak Flexicap Fund Regular Growth

Very High Risk

1.5%1.0%₹51094.44 Cr37.0%
Baroda BNP Paribas Flexi Cap Fund Direct Growth

Very High Risk

0.9%1.0%₹1342.80 Cr40.3%
Baroda BNP Paribas Flexi Cap Fund Regular Growth

Very High Risk

2.1%1.0%₹1342.80 Cr38.5%
JM Flexicap Fund Regular Growth

Very High Risk

1.9%1.0%₹2472.06 Cr64.3%
ITI Flexi Cap Fund Direct Growth

Very High Risk

0.4%1.0%₹1116.40 Cr50.6%
ITI Flexi Cap Fund Regular Growth

Very High Risk

2.1%1.0%₹1116.40 Cr47.9%
Parag Parikh Flexi Cap Fund Regular Growth

Very High Risk

1.3%2.0%₹71700.48 Cr37.2%
Parag Parikh Flexi Cap Fund Direct Growth

Very High Risk

0.6%2.0%₹71700.48 Cr38.2%
Motilal Oswal Flexicap Fund Direct Growth

Very High Risk

0.9%1.0%₹11126.36 Cr56.4%
Motilal Oswal Flexicap Fund Regular Growth

Very High Risk

1.7%1.0%₹11126.36 Cr55.1%

About the AMC

Total AUM

₹1,73,546 Cr

Address

Unit No. 606, 6th Floor, Mumbai, 400 098

Other Funds by Mirae Asset India Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Mirae Asset Multi Asset Allocation Fund Direct Growth

High Risk

0.4%1.0%₹1524.79 Cr-
Mirae Asset Great Consumer Fund Direct Growth

Very High Risk

0.4%1.0%₹3751.14 Cr38.8%
Mirae Asset Cash Management Direct Growth

Low to Moderate Risk

0.1%0.0%₹10728.82 Cr7.4%
Mirae Asset Emerging Bluechip Direct Growth

Very High Risk

0.6%1.0%₹37846.07 Cr39.7%
Mirae Asset Large Cap Fund Direct Growth

Very High Risk

0.5%1.0%₹39951.46 Cr27.0%
Mirae Asset Savings Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹616.30 Cr7.6%
Mirae Asset Money Market Fund Direct Growth

Moderate Risk

0.2%0.0%₹139.18 Cr7.6%
Mirae Asset Focused Fund Direct Growth

Very High Risk

0.6%1.0%₹8255.25 Cr21.7%
Mirae Asset Dynamic Bond Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹146.35 Cr7.3%
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth

Very High Risk

0.1%0.0%₹1510.97 Cr50.9%
Mirae Asset Hybrid Equity Fund Direct Growth

Very High Risk

0.4%1.0%₹8962.66 Cr26.7%
Mirae Asset Equity Allocator Fund of Fund Direct Growth

Very High Risk

0.0%0.0%₹837.40 Cr34.5%
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth

Very High Risk

0.1%0.0%₹110.62 Cr30.1%
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth

Very High Risk

0.1%0.0%₹539.13 Cr36.2%
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹800.19 Cr7.6%
Mirae Asset Ultra Short Duration Fund Direct Growth

Moderate Risk

0.2%0.0%₹1672.07 Cr7.7%
Mirae Asset Flexi Cap Fund Direct Growth

Very High Risk

0.6%1.0%₹2072.15 Cr31.2%
Mirae Asset Banking and Financial Services Fund Direct Growth

Very High Risk

0.6%1.0%₹1822.75 Cr22.2%
Mirae Asset Multicap Fund Direct Growth

Very High Risk

0.4%1.0%₹3120.86 Cr-
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth

Very High Risk

0.1%0.0%₹103.28 Cr53.6%
Mirae Asset Tax Saver Fund Direct Growth

Very High Risk

0.6%0.0%₹24345.83 Cr36.8%
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth

Moderate Risk

0.1%0.0%₹77.19 Cr7.4%
Mirae Asset Corporate Bond Fund Direct Growth

Moderate Risk

0.2%0.0%₹44.56 Cr7.2%
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth

Very High Risk

0.1%0.0%₹72.44 Cr-5.4%
Mirae Asset Equity Savings Fund Direct Growth

Moderately High risk

0.3%1.0%₹1126.87 Cr17.7%
Mirae Asset Banking and PSU Debt Fund Direct Growth

Moderate Risk

0.4%0.0%₹58.89 Cr7.2%
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth

Very High Risk

0.3%1.0%₹333.10 Cr27.0%
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth

Very High Risk

0.2%1.0%₹72.13 Cr-12.1%
Mirae Asset Overnight Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹989.80 Cr6.9%
Mirae Asset Short Term Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹336.75 Cr7.5%
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Direct Growth

Moderate Risk

0.1%0.0%₹231.20 Cr7.7%
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹88.92 Cr7.3%
Mirae Asset Healthcare Fund Direct Growth

Very High Risk

0.5%1.0%₹2312.48 Cr46.0%
Mirae Asset Arbitrage Fund Direct Growth

Low Risk

0.2%0.0%₹2114.07 Cr8.7%
Mirae Asset Midcap Fund Direct Growth

Very High Risk

0.6%1.0%₹16667.30 Cr48.2%
Mirae Asset Balanced Advantage Fund Direct Growth

High Risk

0.7%1.0%₹1655.04 Cr21.6%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk
Wealth Monitor

Unlock Expert Insights!

Maximise Returns with our Wealth Monitor App. Try it now!

Still got questions?
We're here to help.

The NAV of Mirae Asset Flexi Cap Fund Direct Growth, as of 24-Jul-2024, is ₹15.28.
The fund's allocation of assets is distributed as 96.52% in equities, 0.00% in bonds, and 3.48% in cash and cash equivalents.
The fund managers responsible for Mirae Asset Flexi Cap Fund Direct Growth are:-
  1. Varun Goel