Mirae Asset Multicap Fund Direct growth

Equity • Multi Cap • Direct growth

Insufficient fund history to generate its report card

Fund Info

Equity

Multi Cap

Direct growth

Launched On

21 Aug 2023

1.7 years ago

Lock-in Period

No lock-in

NAV

as of 23 Apr 2025

₹13.63

+0.7465% (0.20)

AUM

₹3,064 Cr

Expense ratio

0.46%

Benchmark

Fund Plan

Tax info and exit load

Taxes

Units held less than 1Y

20.00%

Units held more than 1Y

12.50%

Exit Load

If units sold before 1Y

If units sold after 1Y

What's in this fund?

Sectors

Holdings

Financial Services

27.52%

Industrials

14.45%

Consumer Cyclical

13.90%

Healthcare

13.27%

Technology

7.34%

Fund Managers

Ankit Jain

Experience: 8.54 yrs • Total AUM: 3,33,215 Cr

CAGR

₹1,000 invested for 5 years

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Distribution

Market capital

Fund House

Mirae

Inc: 03 Mar 2008 • Total AUM: ₹1,58,040 Cr • Rank #10

Mirae Asset Mutual Fund, started in 1998, has Mirae Asset Global Investments as its sponsors. The fund house is headed by Swarup Anand Mohanty as the CEO. As of 31 March 2024, it has an AUM of ₹164,468 Cr. As of December 2023, Mirae Asset Mutual Fund had more than 59 lakh folios and a monthly SIP book of ₹869 crore.

Risk

Category risk

Very high

As provided by the fund house document, this risk is specific to this fund category (Equity). To know the risk of this fund particularly, check 'Risk vs Category'.

Disclaimer: Top rated funds do not constitute any advice. Research data is powered by Morningstar. Please read the offer documents carefully before investing. Upstox shall not accept any liability arising out of your investments.

Tax info and exit load

What is tax on Mutual funds?

Profits gained from investment in mutual funds are subject to taxation like any other asset-class investments. Factors that affect these taxes are:

Fund types (debt-oriented or equity)
Dividend
Capital gains
Holding period of investor

What is exit load?

It is a fee charged by the mutual fund houses if investors exit a scheme partially or fully within a certain period from the date of investment, as specified in the Scheme Information Document.

What are Indexation benefits?

Indexation is used to adjust the purchase price of an investment to reflect the effect of inflation on it. A higher purchase price means lesser profits, which effectively means a lower tax. With the help of indexation, you will be able to lower your long-term capital gains, which brings down your taxable income.