Rating : N/A

Mirae Asset Equity Allocator Fund of Fund Direct Dividend Reinvestment

Hybrid

  

Fund of Funds

NAV

11.497 +0.006

(as on 27 Nov, 2020)

RETURNS

NA

Fund Type

Open Ended

Investment Plan

Dividend Reinvestment

Investment Plan

0%

Benchmark

Nifty 200 TRI

Asset Size

39.75 Cr.

(As of 31 Oct, 2020)

Risk

Moderate

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

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Fund manager

Bharti Sawant

Exit load

N / A

Minimum sip

₹1000

Minimum investment

₹5000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

Mirae Asset Nifty 50 ETF (MAN50ETF)

73.13%

Nippon India ETF Nifty Midcap 150

13.77%

Mirae Asset Nifty Next50 ETF(MANxt50ETF)

10.98%

Sector Allocation

About the Scheme Type

Similar to how funds invest in stocks and bonds, Fund of Funds are mutual fund schemes which invest in other mutual fund schemes. The fund manager can invest in the fund schemes of same mutual fund house or different mutual fund houses. It’s particularly good for smaller risk averse investors with the capacity of putting in small amounts every month as the fund’s diversification reduces the risk to a certain extent. Few advantages of Fund of Funds include Tax friendly, ease of handling as there’s just one NAV and folio to track, small investor friendly, while the disadvantages come in the form of high expense ratio and possibility of more than required diversification.

Ratings

This fund is rated 0 stars by Morning Star Ratings.

N/A

Overview of Mirae Asset Global Inv (India) Pvt. Ltd

Mirae Asset was founded in 1997 in the wake of the Asian financial crisis with a vision of and dedication to serving clients in a way to help them build wealth for life with proven investment strategies. As on 12th March 2019, Mirae Asset Management’s AUM (Assets under Management) had crossed the important threshold of Rs 25,000 Cr (Rs 22,000 in equity and Rs 3,100 in debt), witnessing a growth of over 50% in calendar year 2018.

  • Mirae Asset Global Investments (India) Pvt. Ltd. was established in India, in November 2007, with a seed capital of US$ 50 million

  • Mirae Asset Mutual Fund is sponsored by Mirae Asset Global Investments Co. Limited, South Korea

  • Mirae Asset present in India as a Foreign Institutional Investor (FII) since 2004

  • Mirae Asset Global Investments India provides advisory services to Hong Kong & Korean offices

  • Mix of domestic and international businesses providing stable growth for Mirae Asser India business