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Mirae Asset Equity allocator Fund Of Fund Regular Growth

Fund House: Mirae Asset Mutual Fund
Invest in this Scheme
Category: Fund of Funds-Domestic-Hybrid
Launch Date: 15-09-2020
Asset Class: Mixed Asset
Benchmark: NIFTY 200 TRI
TER: 0.13041834% As on (30-09-2023)
Status: Open Ended Schemes
Minimum Investment: 5000.0
Minimum Topup: 1000.0
Total Assets: 523.06 Cr As on (31-10-2023)
Turn over: - | Exit Load: Exit load of 0.05% if redeemed within 5 days.
NAV as on 07-12-2023

20.005

0.03 (0.17%)

CAGR Since Inception

24.53%

Benchmark: 14.48%

PERFORMANCE

Returns Type:
of  : 
Start :  
End : 
Period:  
This Scheme
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vs
S&P BSE India Bond Index
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Gold
-
PPF
-
Returns Type:
of  : 
  Period:  

Start :  
Period:  

RETURNS ANALYSIS

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Fund Multiplier

Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)

Time Taken To Multiply
2x
4x
5x
10x
FUND
3 Years 2 Months
There is no value for 4x
There is no value for 5x
There is no value for 10x
FD
11 years 10 Months
GOLD
8 years 9 Months
NIFTY
5 years 5 Months

 

Investment Objective

The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing predominantly in units of domestic equity ETFs. There is no assurance that the investment objective of the Scheme will be realized.

Current Asset Allocation (%)

Indicators

Standard Deviation 13.18
Sharpe Ratio 1.02
Alpha 0.7
Beta 0.97
Yield to Maturity -
Average Maturity -

PEER COMPARISON

Scheme Name Inception
Date		 1 Year
Return(%)		 2 Year
Return(%)		 3 Year
Return(%)		 5 Year
Return(%)		 10 Year
Return(%)
Mirae Asset Equity allocator Fund Of Fund Regular Growth 15-09-2020 17.88 12.71 18.96 - -
HSBC Managed Solutions - Growth - Growth 30-04-2014 24.93 17.33 23.18 21.8 -
Nippon India Asset Allocator FoF - Regular Plan - Growth Option 07-02-2021 23.72 16.28 - - -
HSBC Managed Solutions - Moderate - Growth 30-04-2014 19.5 12.93 17.31 16.4 -
Aditya Birla Sun Life Financial Planning Fund - Aggressive Plan - Regular Plan - Growth Option 09-05-2011 18.57 13.04 16.1 14.54 13.99
Kotak Multi Asset Allocator Fund of Fund - Dynamic - Growth 01-08-2004 18.37 15.9 18.98 18.18 16.18
HDFC Asset Allocator Fund of Funds - Growth Option 07-05-2021 17.53 13.93 - - -
Franklin India Dynamic Asset Allocation Fund of Funds-Growth 31-10-2003 17.49 13.66 20.97 11.65 11.29
Aditya Birla Sun Life Asset Allocator FoF- Regular Plan - Growth Option 17-08-2006 17.25 10.53 14.01 13.66 13.7
BANDHAN Asset Allocation Fund - Regular Plan - Aggressive Plan - Growth 20-02-2010 16.18 8.72 13.12 10.87 10.55

Scheme Characteristics

Minimum investment in the underlying fund - 95% of total assets.

Riskometer

riskometer

PORTFOLIO

Market Cap Distribution

Others

100.0%

Scheme Documents

October 2023

Monthly Portfolio Disclosure - October 2023

Tax Benefits of investing in this fund

Capital gains will be deemed as short-term capital gains (STCG) for units acquired on or after April 1, 2023 and will be taxed at the applicable income tax slab rate**.

Income distribution cum capital withdrawal (IDCW) shall be taxable in the hands of investors and the mutual fund will deduct TDS @10% for resident investors and @20% (plus applicable surcharge and cess) for non-resident investors before payouts/re-investment. However, investors can claim tax-credit of TDS deducted at the time of filing their annual return.

** Capital gains on sale of units acquired on or before March 31, 2023 & redeemed on or after April 1, 2023 will be taxed as below:

Long term capital gains (LTCG) tax @20% (plus surcharge, if applicable and cess) with indexation if units held for more than 36 months.

In case of an investor being NRI, LTCG tax are chargeable @ 10% (plus surcharge, if applicable and cess) without indexation relating to units redeemed from unlisted schemes.

Short term capital gains (STCG) tax at the income tax slab rate if units are held for less than 36 months.

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