| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 0.45% |
| NAV | ₹13.75 (10 Jul 2020) |
|---|---|
| Fund Started | 29 Jul 2015 |
| Fund Size | ₹3,274 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| GOI | Sovereign | GOI Sec | 9.7% |
| Reliance Industries Ltd. | Energy | Equity | 6.9% |
| HDFC Bank Ltd. | Financial | Equity | 6.5% |
| ICICI Bank Ltd. | Financial | Equity | 4.1% |
| Infosys Ltd. | Technology | Equity | 3.2% |
| Axis Bank Ltd. | Financial | Equity | 3.2% |
| HDFC Securities Ltd. | Financial | CP | 3.0% |
| Larsen & Toubro Ltd. | Construction | Equity | 2.9% |
| ITC Ltd. | FMCG | Equity | 2.9% |
| Tata Consultancy Services Ltd. | Technology | Equity | 2.7% |
Mirae Asset Hybrid Equity Fund Direct Dividend is a Hybrid Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made available to investors on 29 Jul 2015. Mahendra Jajoo, Neelesh Surana, Sudhir Kedia is the Current Fund Manager of Mirae Asset Hybrid Equity Fund Direct Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹3,274 Cr and the Latest NAV as of 10 Jul 2020 is ₹13.75.
The Mirae Asset Hybrid Equity Fund Direct Dividend is rated Moderately High risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 1 year
The investment objective of the Scheme is to generate capital appreciation along with current income from a combined portfolio of equity & equity related instruments and debt and money market instruments. The Scheme does not guarantee or assure any returns.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.