Fund Overview
Fund Size
₹2,683 Cr
Expense Ratio
0.37%
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 8 months and 27 days, having been launched on 21-Aug-23.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹12.74, Assets Under Management (AUM) of 2683.33 Crores, and an expense ratio of 0.37%.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹12.74, Assets Under Management (AUM) of 2683.33 Crores, and an expense ratio of 0.37%.
- Mirae Asset Multicap Fund Direct Growth has given a CAGR return of 27.42% since inception.
- The fund's asset allocation comprises around 98.58% in equities, 0.00% in debts, and 1.42% 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.
Since Inception
+27.42%
— (Cat Avg.)
Portfolio Summaryas of 30th April 2024
| Equity | ₹2,645.18 Cr | 98.58% |
| Others | ₹38.15 Cr | 1.42% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹119.01 Cr | 4.43% |
| Axis Bank Ltd | Equity | ₹88.68 Cr | 3.30% |
| Reliance Industries Ltd | Equity | ₹77.84 Cr | 2.90% |
| Kotak Mahindra Bank Ltd | Equity | ₹77.58 Cr | 2.89% |
| ICICI Bank Ltd | Equity | ₹75.49 Cr | 2.81% |
| Larsen & Toubro Ltd | Equity | ₹67.88 Cr | 2.53% |
| State Bank of India | Equity | ₹61.37 Cr | 2.29% |
| NTPC Ltd | Equity | ₹56.86 Cr | 2.12% |
| Delhivery Ltd | Equity | ₹53.48 Cr | 1.99% |
| Gland Pharma Ltd | Equity | ₹48.39 Cr | 1.80% |
| Treps | Cash - Repurchase Agreement | ₹47.5 Cr | 1.77% |
| CARE Ratings Ltd | Equity | ₹45.84 Cr | 1.71% |
| Vijaya Diagnostic Centre Ltd | Equity | ₹44.94 Cr | 1.67% |
| Wipro Ltd | Equity | ₹44.94 Cr | 1.67% |
| TeamLease Services Ltd | Equity | ₹44.77 Cr | 1.67% |
| ITC Ltd | Equity | ₹43.7 Cr | 1.63% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹40.68 Cr | 1.52% |
| Eicher Motors Ltd | Equity | ₹39.48 Cr | 1.47% |
| Dabur India Ltd | Equity | ₹39.37 Cr | 1.47% |
| FSN E-Commerce Ventures Ltd | Equity | ₹38.69 Cr | 1.44% |
| RPG Life Sciences Ltd | Equity | ₹36.43 Cr | 1.36% |
| Aurobindo Pharma Ltd | Equity | ₹35.32 Cr | 1.32% |
| Ceat Ltd | Equity | ₹35.19 Cr | 1.31% |
| Prestige Estates Projects Ltd | Equity | ₹34.92 Cr | 1.30% |
| Bayer CropScience Ltd | Equity | ₹34.28 Cr | 1.28% |
| Jyothy Labs Ltd | Equity | ₹33.41 Cr | 1.25% |
| Data Patterns (India) Ltd | Equity | ₹32.71 Cr | 1.22% |
| ICICI Prudential Life Insurance Company Limited | Equity | ₹32.41 Cr | 1.21% |
| Indian Bank | Equity | ₹31.58 Cr | 1.18% |
| Whirlpool of India Ltd | Equity | ₹31.32 Cr | 1.17% |
| Bharat Forge Ltd | Equity | ₹30.09 Cr | 1.12% |
| Cholamandalam Financial Holdings Ltd | Equity | ₹29.72 Cr | 1.11% |
| Fortis Healthcare Ltd | Equity | ₹29.48 Cr | 1.10% |
| Bharti Airtel Ltd | Equity | ₹29.4 Cr | 1.10% |
| Lupin Ltd | Equity | ₹29.35 Cr | 1.09% |
| HDFC Asset Management Co Ltd | Equity | ₹29.11 Cr | 1.08% |
| Tata Steel Ltd | Equity | ₹29.06 Cr | 1.08% |
| The Federal Bank Ltd | Equity | ₹29.06 Cr | 1.08% |
| Gateway Distriparks Ltd | Equity | ₹28.71 Cr | 1.07% |
| Bharat Petroleum Corp Ltd | Equity | ₹28.1 Cr | 1.05% |
| Tata Consultancy Services Ltd | Equity | ₹27.98 Cr | 1.04% |
| Sudarshan Chemical Industries Ltd | Equity | ₹27.93 Cr | 1.04% |
| LIC Housing Finance Ltd | Equity | ₹27.89 Cr | 1.04% |
| HCL Technologies Ltd | Equity | ₹27.79 Cr | 1.04% |
| ACC Ltd | Equity | ₹26.9 Cr | 1.00% |
| Motherson Sumi Wiring India Ltd | Equity | ₹26.22 Cr | 0.98% |
| Kolte-Patil Developers Ltd | Equity | ₹26.12 Cr | 0.97% |
| Craftsman Automation Ltd | Equity | ₹25.49 Cr | 0.95% |
| Equitas Small Finance Bank Ltd Ordinary Shares | Equity | ₹25.44 Cr | 0.95% |
| NRB Bearings Ltd | Equity | ₹25.34 Cr | 0.94% |
| Bata India Ltd | Equity | ₹24.84 Cr | 0.93% |
| Campus Activewear Ltd | Equity | ₹24.77 Cr | 0.92% |
| Birlasoft Ltd | Equity | ₹24.3 Cr | 0.91% |
| Gujarat State Petronet Ltd | Equity | ₹24.04 Cr | 0.90% |
| Indigo Paints Ltd Ordinary Shares | Equity | ₹24.02 Cr | 0.89% |
| Vedanta Ltd | Equity | ₹23.87 Cr | 0.89% |
| Bharti Hexacom Ltd | Equity | ₹23.77 Cr | 0.89% |
| Fusion Micro Finance Ltd | Equity | ₹23.59 Cr | 0.88% |
| Dalmia Bharat Ltd | Equity | ₹23.03 Cr | 0.86% |
| Cyient Ltd | Equity | ₹22.78 Cr | 0.85% |
| Oracle Financial Services Software Ltd | Equity | ₹22.74 Cr | 0.85% |
| Century Plyboards (India) Ltd | Equity | ₹22.6 Cr | 0.84% |
| Prince Pipes And Fittings Ltd Ordinary Shares | Equity | ₹20.99 Cr | 0.78% |
| Escorts Kubota Ltd | Equity | ₹20.63 Cr | 0.77% |
| Zomato Ltd | Equity | ₹20.06 Cr | 0.75% |
| Page Industries Ltd | Equity | ₹20 Cr | 0.75% |
| Electronics Mart India Ltd | Equity | ₹19.52 Cr | 0.73% |
| Chemplast Sanmar Ltd | Equity | ₹19.42 Cr | 0.72% |
| Brigade Enterprises Ltd | Equity | ₹18.96 Cr | 0.71% |
| Timken India Ltd | Equity | ₹17.78 Cr | 0.66% |
| Navin Fluorine International Ltd | Equity | ₹16.43 Cr | 0.61% |
| GAIL (India) Ltd | Equity | ₹16.43 Cr | 0.61% |
| Divi's Laboratories Ltd | Equity | ₹16.21 Cr | 0.60% |
| Go Fashion (India) Ltd | Equity | ₹16.1 Cr | 0.60% |
| Cummins India Ltd | Equity | ₹15.77 Cr | 0.59% |
| Avalon Technologies Ltd | Equity | ₹15.54 Cr | 0.58% |
| Flair Writing Industries Ltd | Equity | ₹15.25 Cr | 0.57% |
| Coforge Ltd | Equity | ₹15.14 Cr | 0.56% |
| Container Corporation of India Ltd | Equity | ₹14.85 Cr | 0.55% |
| NHPC Ltd | Equity | ₹13.98 Cr | 0.52% |
| InterGlobe Aviation Ltd | Equity | ₹13.5 Cr | 0.50% |
| Bajaj Finance Ltd | Equity | ₹10.1 Cr | 0.38% |
| Hindalco Industries Ltd | Equity | ₹9.67 Cr | 0.36% |
| Net Receivables / (Payables) | Cash | ₹-9.35 Cr | 0.35% |
| One97 Communications Ltd | Equity | ₹5.59 Cr | 0.21% |
| Hindustan Unilever Ltd | Equity | ₹1.9 Cr | 0.07% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹1.28 Cr | 0.05% |
Allocation By Market Cap (Equity)
Large Cap Stocks
41.13%
Mid Cap Stocks
29.35%
Small Cap Stocks
28.10%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹706.89 Cr | 26.34% |
| Consumer Cyclical | ₹417.79 Cr | 15.57% |
| Industrials | ₹369.1 Cr | 13.76% |
| Basic Materials | ₹257.19 Cr | 9.58% |
| Healthcare | ₹241.41 Cr | 9.00% |
| Technology | ₹184.02 Cr | 6.86% |
| Consumer Defensive | ₹118.38 Cr | 4.41% |
| Utilities | ₹111.3 Cr | 4.15% |
| Energy | ₹105.93 Cr | 3.95% |
| Real Estate | ₹80 Cr | 2.98% |
| Communication Services | ₹53.17 Cr | 1.98% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
14.05%
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
1.26
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
2.47
Higher the better
Fund Managers
Ankit Jain
Since August 2023
Additional Scheme Detailsas of 30th April 2024
| ISIN | INF769K01KK8 | Expense Ratio | 0.37% | Exit Load | 1.00% | Fund Size | ₹2,683 Cr | Age | 21 Aug 2023 | 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
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-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% | ₹2976.09 Cr | 61.3% |
| HSBC Multi Cap Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹2976.09 Cr | 59.1% |
| Tata Multicap Fund Direct Growth Very High Risk | 0.3% | 1.0% | ₹2933.77 Cr | 31.3% |
| Tata Multicap Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹2933.77 Cr | 29.1% |
| HDFC S&P BSE 500 ETF Very High Risk | 0.3% | - | ₹8.39 Cr | 36.9% |
| LIC MF Multi Cap Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹1006.55 Cr | 45.7% |
| LIC MF Multi Cap Fund Regular Growth Very High Risk | 2.2% | 1.0% | ₹1006.55 Cr | 43.3% |
| SBI Multicap Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹15791.69 Cr | 35.5% |
About the AMC
Total AUM
₹1,63,012 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 17-May-2024, is ₹12.74.
What is the portfolio composition of Mirae Asset Multicap Fund Direct Growth?
The fund's allocation of assets is distributed as 98.58% in equities, 0.00% in bonds, and 1.42% 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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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.
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 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.