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Fund Overview

Fund Size

Fund Size

₹1,649 Cr

Expense Ratio

Expense Ratio

0.59%

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, 1 months and 21 days, having been launched on 24-Feb-23.
As of 12-Apr-24, it has a Net Asset Value (NAV) of ₹13.85, Assets Under Management (AUM) of 1648.72 Crores, and an expense ratio of 0.59%.
  • Mirae Asset Flexi Cap Fund Direct Growth has given a CAGR return of 33.36% since inception.
  • The fund's asset allocation comprises around 98.29% in equities, 0.00% in debts, and 1.71% 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

+36.16%

+40.20%(Cat. Avg.)

Since Inception

+33.36%

--%(Cat. Avg.)

Portfolio Summaryas of 31st March 2024

Equity1,620.49 Cr98.29%
Others28.23 Cr1.71%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
HDFC Bank LtdEquity123.58 Cr7.27%
ICICI Bank LtdEquity93.59 Cr5.51%
State Bank of IndiaEquity82.37 Cr4.85%
Larsen & Toubro LtdEquity67.27 Cr3.96%
Reliance Industries LtdEquity61.74 Cr3.63%
Infosys LtdEquity55.88 Cr3.29%
NTPC LtdEquity54.1 Cr3.18%
Axis Bank LtdEquity46.65 Cr2.74%
Zomato LtdEquity33.13 Cr1.95%
Aurobindo Pharma LtdEquity32.86 Cr1.93%
ITC LtdEquity32.8 Cr1.93%
HCL Technologies LtdEquity32.55 Cr1.91%
Bharti Airtel LtdEquity32.25 Cr1.90%
TrepsCash - Repurchase Agreement31.5 Cr1.85%
Jindal Steel & Power LtdEquity26.51 Cr1.56%
Godrej Consumer Products LtdEquity26.25 Cr1.54%
Havells India LtdEquity25.66 Cr1.51%
Shriram Finance LtdEquity23.89 Cr1.41%
LTIMindtree LtdEquity23.67 Cr1.39%
Tata Motors LtdEquity22.83 Cr1.34%
Samvardhana Motherson International LtdEquity22.35 Cr1.31%
Canara BankEquity21.73 Cr1.28%
JK Cement LtdEquity21.68 Cr1.28%
Kotak Mahindra Bank LtdEquity21.43 Cr1.26%
Bharat Electronics LtdEquity21.12 Cr1.24%
Delhivery LtdEquity21.07 Cr1.24%
The Federal Bank LtdEquity20.98 Cr1.23%
Balkrishna Industries LtdEquity20.61 Cr1.21%
Syngene International LtdEquity20.31 Cr1.19%
Brigade Enterprises LtdEquity20.19 Cr1.19%
Max Financial Services LtdEquity19.44 Cr1.14%
India Shelter Finance Corporation LtdEquity19.15 Cr1.13%
Tata Consultancy Services LtdEquity19.05 Cr1.12%
Cummins India LtdEquity17.81 Cr1.05%
Coal India LtdEquity17.8 Cr1.05%
InterGlobe Aviation LtdEquity17.64 Cr1.04%
Sun Pharmaceuticals Industries LtdEquity17.5 Cr1.03%
Gujarat State Petronet LtdEquity17.39 Cr1.02%
Bajaj Finance LtdEquity17.03 Cr1.00%
Dabur India LtdEquity16.58 Cr0.98%
Fusion Micro Finance LtdEquity16.48 Cr0.97%
Schaeffler India LtdEquity15.72 Cr0.92%
IndusInd Bank LtdEquity15.61 Cr0.92%
Bharat Petroleum Corp LtdEquity15.57 Cr0.92%
Hindustan Unilever LtdEquity15.34 Cr0.90%
TVS Motor Co LtdEquity15.28 Cr0.90%
Hindalco Industries LtdEquity15.13 Cr0.89%
Eicher Motors LtdEquity14.23 Cr0.84%
Sona BLW Precision Forgings LtdEquity13.98 Cr0.82%
Torrent Pharmaceuticals LtdEquity13.94 Cr0.82%
TD Power Systems LtdEquity13.43 Cr0.79%
Go Fashion (India) LtdEquity13.03 Cr0.77%
Yatra Online LtdEquity12.79 Cr0.75%
Maruti Suzuki India LtdEquity12.22 Cr0.72%
Mphasis LtdEquity12.04 Cr0.71%
Kajaria Ceramics LtdEquity11.78 Cr0.69%
Titan Co LtdEquity11.41 Cr0.67%
MTAR Technologies LtdEquity10.83 Cr0.64%
Krishna Institute of Medical Sciences LtdEquity10.59 Cr0.62%
ICICI Lombard General Insurance Co LtdEquity10.16 Cr0.60%
Sapphire Foods India LtdEquity9.76 Cr0.57%
UltraTech Cement LtdEquity9.18 Cr0.54%
Wockhardt LtdEquity9.06 Cr0.53%
Cipla LtdEquity8.98 Cr0.53%
Cholamandalam Financial Holdings LtdEquity8.69 Cr0.51%
Dalmia Bharat LtdEquity8.42 Cr0.50%
Neogen Chemicals LtdEquity8.29 Cr0.49%
Avalon Technologies LtdEquity8.21 Cr0.48%
Electronics Mart India LtdEquity8.12 Cr0.48%
Power Grid Corp Of India LtdEquity7.89 Cr0.46%
Cera Sanitaryware LtdEquity7.41 Cr0.44%
Prince Pipes And Fittings Ltd Ordinary SharesEquity7.2 Cr0.42%
Paradeep Phosphates LtdEquity5.98 Cr0.35%
Vedant Fashions LtdEquity5.55 Cr0.33%
Net Receivables / (Payables)Cash-2.4 Cr0.14%

Allocation By Market Cap (Equity)

Large Cap Stocks

70.48%

Mid Cap Stocks

16.78%

Small Cap Stocks

11.03%

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services540.76 Cr31.81%
Consumer Cyclical231.01 Cr13.59%
Industrials221.22 Cr13.01%
Technology151.4 Cr8.91%
Healthcare113.24 Cr6.66%
Basic Materials95.19 Cr5.60%
Energy95.11 Cr5.60%
Consumer Defensive90.97 Cr5.35%
Utilities79.38 Cr4.67%
Communication Services32.25 Cr1.90%
Real Estate20.19 Cr1.19%

Risk & Performance Ratios

Standard Deviation

This fund

--

Cat. avg.

13.25%

Lower the better

Sharpe Ratio

This fund

--

Cat. avg.

0.93

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

1.74

Higher the better

Fund Managers

VG

Varun Goel

Since April 2024

Additional Scheme Detailsas of 31st March 2024

ISININF769K01JJ2Expense Ratio0.59%Exit Load1.00%Fund Size₹1,649 CrAge24 Feb 2023Lumpsum Minimum₹5,000Fund StatusOpen Ended Investment CompanyBenchmarkNIFTY 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%₹45911.90 Cr35.8%
Baroda BNP Paribas Flexi Cap Fund Direct Growth

Very High Risk

0.9%1.0%₹1241.06 Cr41.5%
Baroda BNP Paribas Flexi Cap Fund Regular Growth

Very High Risk

2.1%1.0%₹1241.06 Cr39.4%
JM Flexicap Fund Regular Growth

Very High Risk

2.0%1.0%₹1656.84 Cr59.3%
ITI Flexi Cap Fund Direct Growth

Very High Risk

0.4%1.0%₹810.56 Cr55.3%
ITI Flexi Cap Fund Regular Growth

Very High Risk

2.2%1.0%₹810.56 Cr52.4%
Parag Parikh Flexi Cap Fund Regular Growth

Very High Risk

1.3%2.0%₹58900.51 Cr40.0%
Parag Parikh Flexi Cap Fund Direct Growth

Very High Risk

0.6%2.0%₹58900.51 Cr41.1%
Motilal Oswal Flexicap Fund Direct Growth

Very High Risk

0.9%1.0%₹9660.38 Cr57.0%
Motilal Oswal Flexicap Fund Regular Growth

Very High Risk

1.8%1.0%₹9660.38 Cr55.7%

About the AMC

Total AUM

₹1,67,826 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

Very High Risk

0.4%1.0%₹1195.70 Cr-
Mirae Asset Great Consumer Fund Direct Growth

Very High Risk

0.4%1.0%₹3182.73 Cr41.7%
Mirae Asset Cash Management Direct Growth

Low to Moderate Risk

0.1%0.0%₹12302.59 Cr7.4%
Mirae Asset Emerging Bluechip Direct Growth

Very High Risk

0.6%1.0%₹33711.38 Cr41.8%
Mirae Asset Large Cap Fund Direct Growth

Very High Risk

0.5%1.0%₹37884.61 Cr26.3%
Mirae Asset Savings Fund Direct Growth

Moderate Risk

0.3%0.0%₹463.30 Cr7.5%
Mirae Asset Money Market Fund Direct Growth

Moderate Risk

0.2%0.0%₹106.37 Cr7.6%
Mirae Asset Focused Fund Direct Growth

Very High Risk

0.6%1.0%₹8425.01 Cr25.2%
Mirae Asset Dynamic Bond Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹157.90 Cr6.6%
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth

Very High Risk

0.7%0.0%₹1441.40 Cr100.9%
Mirae Asset Hybrid Equity Fund Direct Growth

Very High Risk

0.4%1.0%₹8413.74 Cr27.7%
Mirae Asset Equity Allocator Fund of Fund Direct Growth

Very High Risk

0.3%0.0%₹678.48 Cr37.6%
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth

Very High Risk

0.6%0.0%₹111.71 Cr30.2%
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth

Very High Risk

0.7%0.0%₹506.21 Cr56.9%
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹792.36 Cr6.7%
Mirae Asset Ultra Short Duration Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹1003.21 Cr7.6%
Mirae Asset Flexi Cap Fund Direct Growth

Very High Risk

0.6%1.0%₹1648.72 Cr36.2%
Mirae Asset Banking and Financial Services Fund Direct Growth

Very High Risk

0.6%1.0%₹1593.76 Cr30.4%
Mirae Asset Multicap Fund Direct Growth

Very High Risk

0.5%1.0%₹2439.86 Cr-
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth

Very High Risk

0.6%0.0%₹72.78 Cr54.1%
Mirae Asset Tax Saver Fund Direct Growth

Very High Risk

0.6%0.0%₹21301.58 Cr38.3%
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth

Moderate Risk

0.1%0.0%₹82.53 Cr7.1%
Mirae Asset Corporate Bond Fund Direct Growth

Moderate Risk

0.4%0.0%₹51.08 Cr6.9%
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth

Very High Risk

0.7%0.0%₹69.33 Cr-14.4%
Mirae Asset Equity Savings Fund Direct Growth

Moderately High risk

0.3%1.0%₹930.11 Cr19.0%
Mirae Asset Banking and PSU Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹62.66 Cr6.9%
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth

Very High Risk

0.3%1.0%₹302.28 Cr42.5%
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth

Very High Risk

2.0%1.0%₹96.06 Cr-0.3%
Mirae Asset Overnight Fund Direct Growth

Low Risk

0.0%0.0%₹1636.58 Cr6.8%
Mirae Asset Short Term Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹342.68 Cr7.2%
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Direct Growth

Moderate Risk

0.2%0.0%₹224.65 Cr7.2%
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹106.86 Cr6.9%
Mirae Asset Healthcare Fund Direct Growth

Very High Risk

0.5%1.0%₹2235.15 Cr50.9%
Mirae Asset Arbitrage Fund Direct Growth

Low Risk

0.1%0.0%₹1451.16 Cr8.4%
Mirae Asset Midcap Fund Direct Growth

Very High Risk

0.6%1.0%₹14251.70 Cr52.1%
Mirae Asset Balanced Advantage Fund Direct Growth

Very High Risk

0.7%1.0%₹1518.44 Cr23.9%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk
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The NAV of Mirae Asset Flexi Cap Fund Direct Growth, as of 12-Apr-2024, is ₹13.85.
The fund's allocation of assets is distributed as 98.29% in equities, 0.00% in bonds, and 1.71% in cash and cash equivalents.
The fund managers responsible for Mirae Asset Flexi Cap Fund Direct Growth are:-
  1. Varun Goel