Mirae Asset Multi Asset Allocation Fund Direct Growth

Fund Overview

Fund Size

₹1,407 Cr

Expense Ratio

0.39%

ISIN

INF769K01KZ6

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

31 Jan 2024

About this fund

Mirae Asset Multi Asset Allocation Fund Direct Growth is a Multi Asset Allocation mutual fund schemes offered by Mirae Asset India Mutual Fund. This fund has been in existence for 3 months and 20 days, having been launched on 31-Jan-24.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹10.55, Assets Under Management (AUM) of 1406.88 Crores, and an expense ratio of 0.39%.

Mirae Asset Multi Asset Allocation Fund Direct Growth has given a CAGR return of 5.47% since inception.
The fund's asset allocation comprises around 65.50% in equities, 14.43% in debts, and 6.13% in cash & cash equivalents.
You can start investing in Mirae Asset Multi Asset Allocation 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.

Since Inception

+5.47%

— (Cat Avg.)

Portfolio Summaryas of 30th April 2024

Equity	₹921.49 Cr	65.50%
Debt	₹202.98 Cr	14.43%
Others	₹282.41 Cr	20.07%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Mirae Asset Gold ETF	Mutual Fund - ETF	₹162.48 Cr	11.55%
HDFC Bank Ltd	Equity	₹78.75 Cr	5.60%
7.18% Govt Stock 2033	Bond - Gov't/Treasury	₹65.42 Cr	4.65%
ICICI Bank Ltd	Equity	₹44.75 Cr	3.18%
State Bank of India	Equity	₹39.78 Cr	2.83%
Mirae Asset Silver ETF	Mutual Fund - ETF	₹39.41 Cr	2.80%
Reliance Industries Ltd	Equity	₹35.79 Cr	2.54%
Larsen & Toubro Ltd	Equity	₹31.7 Cr	2.25%
Treps	Cash - Repurchase Agreement	₹28.9 Cr	2.05%
Axis Bank Ltd	Equity	₹26.83 Cr	1.91%
Infosys Ltd	Equity	₹25.57 Cr	1.82%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹25 Cr	1.78%
Rural Electrification Corporation Limited	Bond - Corporate Bond	₹24.99 Cr	1.78%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹24.99 Cr	1.78%
Small Industries Development Bank of India 7.75%	Bond - Corporate Bond	₹24.98 Cr	1.78%
Bharti Airtel Ltd	Equity	₹24.36 Cr	1.73%
ITC Ltd	Equity	₹23.66 Cr	1.68%
Tata Consultancy Services Ltd	Equity	₹21.1 Cr	1.50%
Shriram Finance Ltd	Equity	₹19.88 Cr	1.41%
NTPC Ltd	Equity	₹19.43 Cr	1.38%
Canara Bank	Cash - CD/Time Deposit	₹18.98 Cr	1.35%
Tata Motors Ltd	Equity	₹18.67 Cr	1.33%
Kotak Mahindra Bank Ltd	Equity	₹18.11 Cr	1.29%
Hindalco Industries Ltd	Equity	₹16.84 Cr	1.20%
HDFC Bank Limited	Cash - CD/Time Deposit	₹14.11 Cr	1.00%
Ambuja Cements Ltd	Equity	₹13.91 Cr	0.99%
Hindustan Unilever Ltd	Equity	₹13.81 Cr	0.98%
Coal India Ltd	Equity	₹13.46 Cr	0.96%
Godrej Consumer Products Ltd	Equity	₹12.74 Cr	0.91%
IndusInd Bank Ltd	Equity	₹12.44 Cr	0.88%
Kotak Mahindra Bank Ltd.	Bond - Corporate Bond	₹12.2 Cr	0.87%
Brigade Enterprises Ltd	Equity	₹12.06 Cr	0.86%
Small Industries Development Bank Of India	Cash - CD/Time Deposit	₹11.93 Cr	0.85%
Samvardhana Motherson International Ltd	Equity	₹11.6 Cr	0.82%
Dabur India Ltd	Equity	₹11.34 Cr	0.81%
Titan Co Ltd	Equity	₹10.74 Cr	0.76%
The Federal Bank Ltd	Equity	₹10.49 Cr	0.75%
ACC Ltd	Equity	₹10.18 Cr	0.72%
7.18% Govt Stock 2037	Bond - Gov't/Treasury	₹9.95 Cr	0.71%
Bajaj Finance Ltd	Equity	₹9.73 Cr	0.69%
Eicher Motors Ltd	Equity	₹9.65 Cr	0.69%
SBI Life Insurance Company Limited	Equity	₹9.55 Cr	0.68%
Bharat Electronics Ltd	Equity	₹8.93 Cr	0.63%
LTIMindtree Ltd	Equity	₹8.42 Cr	0.60%
Power Grid Corp Of India Ltd	Equity	₹8.15 Cr	0.58%
Craftsman Automation Ltd	Equity	₹8.15 Cr	0.58%
Zomato Ltd	Equity	₹7.82 Cr	0.56%
Voltas Ltd	Equity	₹7.79 Cr	0.55%
GAIL (India) Ltd	Equity	₹7.37 Cr	0.52%
Embassy Office Parks Reit	Bond - Asset Backed	₹7.19 Cr	0.51%
Cipla Ltd	Equity	₹7.14 Cr	0.51%
Fusion Micro Finance Ltd	Equity	₹7.04 Cr	0.50%
Gland Pharma Ltd	Equity	₹6.84 Cr	0.49%
Go Fashion (India) Ltd	Equity	₹6.81 Cr	0.48%
Apollo Hospitals Enterprise Ltd	Equity	₹6.77 Cr	0.48%
Tata Steel Ltd	Equity	₹6.6 Cr	0.47%
Net Receivables / (Payables)	Cash	₹6.6 Cr	0.47%
Tata Communications Ltd	Equity	₹6.57 Cr	0.47%
Electronics Mart India Ltd	Equity	₹6.51 Cr	0.46%
Wipro Ltd	Equity	₹6.43 Cr	0.46%
Hindustan Aeronautics Ltd Ordinary Shares	Equity	₹6.38 Cr	0.45%
Bank of Baroda	Equity	₹6.26 Cr	0.44%
Bajaj Finserv Ltd	Equity	₹6.22 Cr	0.44%
Dalmia Bharat Ltd	Equity	₹6.16 Cr	0.44%
India Shelter Finance Corporation Ltd	Equity	₹5.96 Cr	0.42%
Multi Commodity Exchange of India Ltd	Equity	₹5.92 Cr	0.42%
HDFC Life Insurance Company Limited	Equity	₹5.91 Cr	0.42%
Havells India Ltd	Equity	₹5.66 Cr	0.40%
RHI Magnesita India Ltd	Equity	₹5.59 Cr	0.40%
Dixon Technologies (India) Ltd	Equity	₹5.51 Cr	0.39%
IIFL Finance Ltd	Equity	₹5.4 Cr	0.38%
LIC Housing Finance Ltd	Equity	₹5.39 Cr	0.38%
Indian Railway Catering And Tourism Corp Ltd	Equity	₹5.36 Cr	0.38%
Cera Sanitaryware Ltd	Equity	₹5.09 Cr	0.36%
Torrent Pharmaceuticals Ltd	Equity	₹5.02 Cr	0.36%
Bharat Petroleum Corp Ltd	Equity	₹4.93 Cr	0.35%
Hindustan Copper Ltd	Equity	₹4.91 Cr	0.35%
DLF Ltd	Equity	₹4.86 Cr	0.35%
TD Power Systems Ltd	Equity	₹4.83 Cr	0.34%
Hindustan Petroleum Corp Ltd	Equity	₹4.82 Cr	0.34%
Oil & Natural Gas Corp Ltd	Equity	₹4.81 Cr	0.34%
Container Corporation of India Ltd	Equity	₹4.81 Cr	0.34%
RBL Bank Ltd	Equity	₹4.69 Cr	0.33%
Data Patterns (India) Ltd	Equity	₹4.6 Cr	0.33%
Century Plyboards (India) Ltd	Equity	₹4.42 Cr	0.31%
R R Kabel Ltd	Equity	₹4.32 Cr	0.31%
Maruti Suzuki India Ltd	Equity	₹4.29 Cr	0.31%
Balkrishna Industries Ltd	Equity	₹4.18 Cr	0.30%
Kajaria Ceramics Ltd	Equity	₹3.99 Cr	0.28%
Trent Ltd	Equity	₹3.88 Cr	0.28%
Avenue Supermarts Ltd	Equity	₹3.68 Cr	0.26%
SRF Ltd	Equity	₹3.54 Cr	0.25%
HCL Technologies Ltd	Equity	₹3.42 Cr	0.24%
Atul Ltd	Equity	₹3.4 Cr	0.24%
PB Fintech Ltd	Equity	₹3.37 Cr	0.24%
Aurobindo Pharma Ltd	Equity	₹3.23 Cr	0.23%
Coforge Ltd	Equity	₹3.22 Cr	0.23%
7.32% Govt Stock 2030	Bond - Gov't/Treasury	₹3.02 Cr	0.21%
InterGlobe Aviation Ltd	Equity	₹2.92 Cr	0.21%
Canara Bank	Bond - Gov't Agency Debt	₹2.81 Cr	0.20%
Syngene International Ltd	Equity	₹2.76 Cr	0.20%
Glenmark Pharmaceuticals Ltd	Equity	₹2.64 Cr	0.19%
Divi's Laboratories Ltd	Equity	₹2.64 Cr	0.19%
Ntpc Limited	Bond - Corporate Bond	₹2.43 Cr	0.17%
Balrampur Chini Mills Ltd	Equity	₹2.4 Cr	0.17%
L&T Finance Ltd	Equity	₹1.34 Cr	0.10%
Sun Pharmaceuticals Industries Ltd	Equity	₹1.2 Cr	0.09%
ICICI Lombard General Insurance Co Ltd	Equity	₹1.2 Cr	0.09%
UltraTech Cement Ltd	Equity	₹1.2 Cr	0.09%
Bharti Hexacom Ltd	Equity	₹0.38 Cr	0.03%
Grasim Industries Ltd	Equity	₹0.35 Cr	0.02%
Iifl Fin	Equity	₹0.14 Cr	0.01%
Canara Bank	Equity	₹0.06 Cr	0.00%

Allocation By Market Cap (Equity)

Large Cap Stocks

50.19%

Mid Cap Stocks

9.21%

Small Cap Stocks

6.09%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹329.05 Cr	23.39%
Industrials	₹101.96 Cr	7.25%
Consumer Cyclical	₹92.32 Cr	6.56%
Technology	₹73.66 Cr	5.24%
Basic Materials	₹71.49 Cr	5.08%
Consumer Defensive	₹67.64 Cr	4.81%
Energy	₹63.81 Cr	4.54%
Healthcare	₹38.25 Cr	2.72%
Utilities	₹34.95 Cr	2.48%
Communication Services	₹31.31 Cr	2.23%
Real Estate	₹16.91 Cr	1.20%

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

Amit Modani

Since January 2024

Harshad Borawake

Since January 2024

Siddharth Srivastava

Since January 2024

Ritesh Patel

Since January 2024

Additional Scheme Detailsas of 30th April 2024

	ISIN	INF769K01KZ6		Expense Ratio	0.39%		Exit Load	1.00%		Fund Size	₹1,407 Cr		Age	31 Jan 2024		Lumpsum Minimum	₹5,000		Fund Status	Open Ended Investment Company		Benchmark	Domestic Price of Gold

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

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 Multi Asset Allocation Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Aditya Birla Sun Life Multi Asset Allocation Fund Regular Growth Very High Risk	1.9%	1.0%	₹3285.97 Cr	23.3%
Aditya Birla Sun Life Multi Asset Allocation Fund Direct Growth Very High Risk	0.2%	1.0%	₹3285.97 Cr	25.3%
Nippon India Multi Asset fund Direct Growth Very High Risk	0.3%	1.0%	₹3120.10 Cr	35.0%
Nippon India Multi Asset fund Regular Growth Very High Risk	1.6%	1.0%	₹3120.10 Cr	33.3%
SBI Multi Asset Allocation Fund Regular Growth High Risk	1.5%	1.0%	₹4677.37 Cr	28.3%
Quant Multi Asset Fund Regular Growth Very High Risk	2.0%	1.0%	₹2173.05 Cr	47.1%
UTI Multi Asset Fund Regular Growth High Risk	2.0%	1.0%	₹1681.45 Cr	38.3%
ICICI Prudential Multi-Asset Fund Regular Growth Very High Risk	1.5%	1.0%	₹39534.59 Cr	33.2%
HDFC Multi - Asset Fund Regular Growth High Risk	2.0%	1.0%	₹2799.47 Cr	22.3%
Motilal Oswal Multi Asset Fund Direct Growth High Risk	1.0%	1.0%	₹101.73 Cr	15.4%

About the AMC

Mirae Asset India Mutual Fund

022-6780 0300

https://www.miraeassetmf.co.in/

Total AUM

₹1,63,012 Cr

Address

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

Other Funds by Mirae Asset India Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Mirae Asset Multi Asset Allocation Fund Direct Growth High Risk	0.4%	1.0%	₹1406.88 Cr	-
Mirae Asset Great Consumer Fund Direct Growth Very High Risk	0.4%	1.0%	₹3351.36 Cr	37.7%
Mirae Asset Cash Management Direct Growth Low to Moderate Risk	0.1%	0.0%	₹10073.98 Cr	7.3%
Mirae Asset Emerging Bluechip Direct Growth Very High Risk	0.6%	1.0%	₹34974.46 Cr	40.7%
Mirae Asset Large Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹38060.19 Cr	24.0%
Mirae Asset Savings Fund Direct Growth Moderate Risk	0.2%	0.0%	₹594.96 Cr	7.4%
Mirae Asset Money Market Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹145.28 Cr	7.6%
Mirae Asset Focused Fund Direct Growth Very High Risk	0.6%	1.0%	₹8312.74 Cr	18.4%
Mirae Asset Dynamic Bond Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹155.33 Cr	6.6%
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹1570.17 Cr	80.9%
Mirae Asset Hybrid Equity Fund Direct Growth Very High Risk	0.4%	1.0%	₹8545.85 Cr	25.3%
Mirae Asset Equity Allocator Fund of Fund Direct Growth Very High Risk	0.2%	0.0%	₹705.09 Cr	34.9%
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth Very High Risk	0.6%	0.0%	₹111.07 Cr	28.2%
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹531.86 Cr	49.1%
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹795.72 Cr	6.8%
Mirae Asset Ultra Short Duration Fund Direct Growth Moderate Risk	0.2%	0.0%	₹1463.94 Cr	7.6%
Mirae Asset Flexi Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹1815.41 Cr	33.8%
Mirae Asset Banking and Financial Services Fund Direct Growth Very High Risk	0.6%	1.0%	₹1702.61 Cr	24.3%
Mirae Asset Multicap Fund Direct Growth Very High Risk	0.4%	1.0%	₹2683.33 Cr	-
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth Very High Risk	0.5%	0.0%	₹78.52 Cr	60.1%
Mirae Asset Tax Saver Fund Direct Growth Very High Risk	0.6%	0.0%	₹22471.76 Cr	36.2%
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹83.22 Cr	6.8%
Mirae Asset Corporate Bond Fund Direct Growth Moderate Risk	0.2%	0.0%	₹49.85 Cr	6.6%
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth Very High Risk	0.8%	0.0%	₹72.50 Cr	7.2%
Mirae Asset Equity Savings Fund Direct Growth Moderately High risk	0.3%	1.0%	₹1019.74 Cr	17.7%
Mirae Asset Banking and PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹59.30 Cr	6.7%
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth Very High Risk	0.9%	1.0%	₹316.95 Cr	41.2%
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth Very High Risk	2.0%	1.0%	₹95.84 Cr	2.8%
Mirae Asset Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹865.39 Cr	6.8%
Mirae Asset Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹346.19 Cr	7.0%
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹225.99 Cr	6.2%
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹103.31 Cr	6.9%
Mirae Asset Healthcare Fund Direct Growth Very High Risk	0.5%	1.0%	₹2236.01 Cr	52.1%
Mirae Asset Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹1870.00 Cr	8.5%
Mirae Asset Midcap Fund Direct Growth Very High Risk	0.6%	1.0%	₹15139.44 Cr	53.0%
Mirae Asset Balanced Advantage Fund Direct Growth High Risk	0.7%	1.0%	₹1570.06 Cr	22.3%

Risk Level

Your principal amount will be at High Risk

Still got questions?
We're here to help.

What is the current NAV of Mirae Asset Multi Asset Allocation Fund Direct Growth?

The NAV of Mirae Asset Multi Asset Allocation Fund Direct Growth, as of 17-May-2024, is ₹10.55.

What is the portfolio composition of Mirae Asset Multi Asset Allocation Fund Direct Growth?

The fund's allocation of assets is distributed as 65.50% in equities, 14.43% in bonds, and 6.13% in cash and cash equivalents.

Who manages the Mirae Asset Multi Asset Allocation Fund Direct Growth?

The fund managers responsible for Mirae Asset Multi Asset Allocation Fund Direct Growth are:-

Amit Modani
Harshad Borawake
Siddharth Srivastava
Ritesh Patel

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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Mirae Asset Multi Asset Allocation Fund Direct Growth

Fund Overview