Mirae Asset Multi Asset Allocation Fund Regular - ...
NAV as of Aug 29, 2024
11.280.03%
- Growth - Regular
(Earn upto 1.65% Extra Returns with Direct Plan)
Fund Category:
Hybrid: Multi Asset Allocation
Expense Ratio:
2.04%(1.53% Category
average)Fund Size:
Rs. 1,586.40 Cr(1.29% of Investment in Category)
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Mirae Asset Multi Asset Allocation Fund Regular - Growth
NAV as of Aug 29, 2024
11.280.03%
Expense Ratio:
2.04%
Fund Size:
Rs. 1,586.40 Cr
Fund Category:
Hybrid: Multi Asset Allocation
1. Current NAV: The Current Net Asset Value of the Mirae Asset Multi Asset Allocation Fund - Regular Plan as of Aug 29, 2024 is Rs 11.28 for Growth option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 12.79% (since launch). Whereas, Category returns for the same time duration are: 27.35% (1yr), 15.08% (3yr) and 16.35% (5yr).
3. Fund Size: The Mirae Asset Multi Asset Allocation Fund - Regular Plan currently holds Assets under Management worth of Rs 1586.4 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 2.04% for Regular plan as on Aug 01, 2024.
5. Exit Load: Mirae Asset Multi Asset Allocation Fund - Regular Plan shall attract an Exit Load, "Exit load of 1%, if redeemed within 1 year."
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 500.
Mirae Asset Multi Asset Allocation Fund Regular - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 1.39 6.73 11.98 - - - Category Avg 1.26 6.60 12.86 26.82 15.03 16.42 Rank within Category 15 20 20 - - - No. of funds within Category 39 38 34 28 21 12 - Loading...
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Return Comparison
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Mirae Asset Multi Asset Allocation Fund Regular - Growth Fund Details
Investment Objective - The scheme seeks to provide long-term capital appreciation from a portfolio investing in equity and equity related securities, Debt and money market instruments, Gold ETFs, Silver ETFs and Exchange Traded Commodity Derivatives.
Fund House | Mirae Asset Mutual Fund |
Launch Date | Jan 31, 2024 |
Benchmark | Domestic Price of Silver |
Return Since Launch | 12.82% |
Riskometer | High |
Type | Open-ended |
Risk Grade | - |
Return Grade | - |
Mirae Asset Multi Asset Allocation Fund Regular - Growth Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | 500.00 |
Minimum Withdrawal (Rs.) | - |
Exit Load Exit load of 1%, if redeemed within 1 year. |
Portfolio Allocation
Equity
Debt
Asset Allocation
Loading...Asset Allocation History
Loading...EquityDebtCashSector Allocation
Loading...Market Cap Allocation
Loading...Concentration & Valuation Analysis
JUL 2024 JUN 2024 MAY 2024 APR 2024 MAR 2024 FEB 2024 Number of Holdings 115 153 161 154 140 135 Top 5 Company Holdings 25.48% 25.62% 27.42% 27.81% 29.77% 28.42% Top 10 Company Holdings 36.93% 36.84% 38.77% 39.13% 41.8% 42.24% Company with Highest Exposure Mirae Asset Gold ETF-G (10.83%) Mirae Asset Gold ETF-G (10.6%) Mirae Asset Gold ETF-G (11.22%) Mirae Asset Gold ETF-G (11.55%) Mirae Asset Gold ETF-G (10.83%) Mirae Asset Gold ETF-G (10.57%) Number of Sectors 17 16 16 16 16 16 Top 3 Sector Holdings 32.35% 25.01% 24.3% 25.36% 26.46% 26.38% Top 5 Sector Holdings 42.15% 31.8% 30.9% 32.14% 33.5% 33.29% Sector with Highest Exposure Financial (20.05%) Financial (16.34%) Financial (16.12%) Financial (16.98%) Financial (17.36%) Financial (17.58%)
Top Stock Holdings
Sector Holdings in MF
Debt Holdings in Portfolio
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) HDFC Bank Financial 4.58 18.27 89.60 3.03 ICICI Bank Financial 3.28 18.65 65.91 26.26 State Bank of India Financial 2.6 10.55 77.28 41.69 Infosys Technology 2.56 30.28 64.20 36.38 Reliance Industries Energy 2.32 29.72 101.60 25.68 Bharti Airtel Communication 2.02 96.53 16.46 83.10 Larsen & Toubro Construction 1.97 38.15 97.11 35.47 Axis Bank Financial 1.79 13.59 86.50 19.85 Tata Consultancy Technology 1.74 35.15 129.55 33.64 ITC Consumer Staples 1.6 30.65 16.38 14.77
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Mirae Asset Multi Asset Allocation Fund Regular - Growth 11.28 Unrated 1,586.40 1.45 - - - Quant Multi Asset Fund-Growth 133.51 2,605.27 -0.66 41.75 23.20 28.49 Nippon India Asset Allocator FoF Regular - Growth 19.80 244.80 0.75 30.29 18.65 - ICICI Prudential Multi Asset Fund-Growth 707.40 46,488.14 1.03 31.41 22.30 22.28 ICICI Prudential Asset Allocator Fund (FOF) - Growth 112.76 22,108.94 1.23 22.11 13.82 15.18
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
Mirae Asset Mutual Fund News
Fund Manager
- R.P.Ritesh PatelSince Jan 20240 schemes
- H.B.Harshad BorawakeSince Jan 20243 schemes
- A.M.Amit ModaniSince Jan 20247 schemes
Mr. Ghosh is a Commerce Graduate and holds a Degree in CS and LLB. Prior to this assignment, he was Assistant Company Secretary with JM Financial Asset Management Pvt. Ltd. He has also been associated with organizations like Hindustan Composites Ltd, Tower Capital & Securities Pvt. Ltd and Multi-Arc India Ltd.
No schemes for the Fund Manager
Mr. Borawake is MBA(Finance) & B.E.(Polymers) Prior to joining Mirae Asset Mutual Fund, he has worked with Motilal Oswal Securities Ltd. as Vice President and Capmetrics & Risk Solutions Private Ltd. as Research Analyst - Equity.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Mirae Asset Equity Savings Fund Regular - Growth Equity Savings 19.28 1,188.86 18.23 Mirae Asset Aggressive Hybrid Fund Regular-Growth Aggressive Hybrid 31.78 9,294.49 28.63 Mirae Asset Balanced Advantage Fund Regular - Growth Dynamic Asset Allocation 13.64 Unrated 1,691.93 21.61 Mr. Modani is Chartered Accountant Prior to joining Mirae Asset Mutual Fund, he has worked with BOI AXA Mutual Fund, Quantum Asset Management Company Private Limited and Pramerica Asset Managers Pvt. Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Mirae Asset Corporate Bond Fund Regular - Growth Corporate Bond 11.92 49.41 7.25 Mirae Asset Money Market Fund Regular - Growth Money Market 1,183.61 180.00 7.37 Mirae Asset Dynamic Bond Fund Regular - Growth Dynamic Bond 15.20 141.97 6.82 Mirae Asset Nifty 8-13 yr G-Sec ETF - Growth Gilt 26.83 Unrated 84.13 8.87 Mirae Asset Nifty SDL Jun 2027 Index Fund Regular - Growth Target Maturity 11.49 Unrated 802.60 8.13 Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Regular - Growth Target Maturity 11.74 Unrated 239.66 8.71 Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Regular - Growth Target Maturity 11.39 Unrated 89.04 7.47
More Mirae Asset Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Mirae Asset Large Cap Fund Regular- Growth | 37,676.43 | 2.12 | 3.89 | 7.27 | 24.66 | 12.50 | |
Mirae Asset Large & Midcap Fund Regular-Growth | 33,711.38 | 1.68 | 7.26 | 12.60 | 38.56 | 17.33 | |
Mirae Asset ELSS Tax Saver Fund Regular-Growth | 21,301.58 | 2.01 | 6.68 | 11.57 | 34.75 | 16.17 | |
Mirae Asset Liquid Fund - Growth | 12,302.59 | 0.59 | 1.82 | 3.56 | 7.18 | 5.32 | |
Mirae Asset Midcap Fund Regular - Growth | 8,753.87 | 0.18 | 7.64 | 12.46 | 45.94 | 22.43 | |
Mirae Asset Focused Fund Regular - Growth | 8,651.77 | 0.66 | 2.31 | 2.70 | 20.22 | 10.43 | |
Mirae Asset Aggressive Hybrid Fund Regular-Growth | 8,413.74 | 2.04 | 5.90 | 9.46 | 26.34 | 12.85 | |
Mirae Asset Great Consumer Fund Regular-Growth | 3,138.00 | 1.89 | 2.50 | 9.91 | 36.78 | 20.13 | |
Mirae Asset Multicap Fund Regular - Growth | 2,439.86 | -0.06 | 6.66 | 12.97 | - | - | |
Mirae Asset Healthcare Fund Regular - Growth | 2,218.12 | 0.60 | 14.29 | 19.09 | 55.73 | 18.19 |
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1. Mirae Asset Multi Asset Allocation Fund - Regular Plan is Open-ended Multi Asset Allocation Hybrid scheme which belongs to Mirae Asset Mutual Fund House.
2. The fund was launched on Jan 31, 2024.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide long-term capital appreciation from a portfolio investing in equity and equity related securities, Debt and money market instruments, Gold ETFs, Silver ETFs and Exchange Traded Commodity Derivatives. "
2. It is benchmarked against Domestic Price of Silver.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 68.13% in equities, 16.27% in debts and 2.11% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 34.53% of the assets, the top 3 sectors constitute around 32.35% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
4. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
Tax Implications on Mirae Asset Multi Asset Allocation Fund Regular - Growth
Hybrid funds which usually invest 65% or more in equity & equity-related instruments will be taxed like Equity funds and those which invest up to 35% in equity & equity-related instruments will be taxed like the new taxation structure of debt funds. Also, the hybrid funds which invest between 35-65% in equity & equity-related instruments will be taxed as per the old taxation structure of debt funds. Generally, tax implications are based on the average asset allocation of the last 12 months in which the fund has invested. However, since the market is dynamic, asset allocation towards equity may increase or decrease depending on the prevailing market & economic conditions. So, the tax treatment of the given fund will vary accordingly and will be determined by its asset allocation. Below are the tax implications from the equity as well as debt side:
For Hybrid funds with 65% and above allocation in equity & equity related instruments:
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of up to Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
For Hybrid funds with 35-65% allocation in equity & equity related instruments:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
For Hybrid funds with 0-35% allocation in equity & equity related instruments:
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about Mirae Asset Multi Asset Allocation Fund Regular - Growth
- Is it safe to invest in Mirae Asset Multi Asset Allocation Fund - Regular Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Mirae Asset Multi Asset Allocation Fund - Regular Plan comes under High risk category.
- What is the category of Mirae Asset Multi Asset Allocation Fund - Regular Plan?Mirae Asset Multi Asset Allocation Fund - Regular Plan belongs to the Hybrid : Multi Asset Allocation category of funds.
- How Long should I Invest in Mirae Asset Multi Asset Allocation Fund - Regular Plan?The suggested investment horizon of investing into Mirae Asset Multi Asset Allocation Fund - Regular Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Mirae Asset Multi Asset Allocation Fund - Regular Plan?The Mirae Asset Multi Asset Allocation Fund - Regular Plan is managed by Ritesh Patel (Since Jan 10, 2024) , Harshad Borawake (Since Jan 10, 2024) and Amit Modani (Since Jan 10, 2024).
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