Mirae Asset Hybrid Equity Fund Direct Growth+0.03%

5Groww
-13.09%
1 Year Return
Hybrid
Aggressive
5.0star
6M
1Y
3Y
All

Fund Details

Mirae Asset Hybrid Equity Fund Direct Growth

RiskModerately High
Min SIP Amount₹1000
Expense Ratio0.49%
NAV13.63 (08 Apr 2020)
Fund Started29 Jul 2015
Fund Size3,424 Cr

Fund Overview

Quick overview of Mirae Asset Hybrid Equity Fund Direct Growth

Returns

1Y
3Y*
5Y*
Since inception*
Mirae Asset Hybrid Equity Fund Direct Growth
-13.1%
3.1%
NA
6.8%
Category Average
-20.2%
-3.0%
1.2%
-
Rank within category
16
3
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    Estimated Value
    as per Historical Returns
    0
    with -13.1% annual returns

    Comparison

    Data not available
    Pros
    1. Lower expense ratio
    Cons
    1. Risk is higher compared to the benchmark
    2. 1Y Returns are lower than the benchmark
    3. 3Y Returns are lower than the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    HDFC Bank Ltd.FinancialEquity6.5%
    GOISovereignGOI Sec5.8%
    ICICI Bank Ltd.FinancialEquity5.1%
    Reliance Industries Ltd.EnergyEquity4.3%
    State Bank of IndiaFinancialEquity4.3%
    Larsen & Toubro Ltd.ConstructionEquity3.3%
    Axis Bank Ltd.FinancialEquity3.2%
    Infosys Ltd.TechnologyEquity2.9%
    Tata Consultancy Services Ltd.TechnologyEquity2.8%
    Reliance Retail Ltd.ServicesCP2.8%
    See All

    Fund Managers

    addMahendra Kumar Jajoo
    Education
    Mr. Jajoo is a B.Com (H), CS, Chartered Accountant and CFA.
    Experience
    Prior to joining Mirae Asset Mutual Fund he was Director with AUM Capital Markets Ltd. and also been associated with organisations like PGIM India Mutual Fund, Tata Asset Management Company, BNP Paribas Asset Management India Pvt. Ltd., ABN Amro Securities India Pvt. Ltd. and ICICI Group.
    Funds Managed

    Mirae Asset Hybrid Equity Fund Direct Growth Details

    Mirae Asset Hybrid Equity Fund Direct Growth 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 Growth fund.The fund currently has an Asset Under Management(AUM) of ₹3,424 Cr and the Latest NAV as of 08 Apr 2020 is ₹13.63.

    The Mirae Asset Hybrid Equity Fund Direct Growth 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

    Investment Objective

    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.

    Tax Implications

    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.

    Scheme Information Document(SID)

    ₹5000
    Min for First Investment
    ₹1000
    Min for Second Investment
    Exit load of 1% if redeemed within 1 year
    Exit Load

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    About Mirae Asset Mutual Fund

    Address
    Unit 606, 6th Floor, Windsor, Off CST Road, Kalina, Santacruz (E), MUMBAI 400098
    Phone
    022-67800300
    Launch Date
    30 Nov 2007
    Mirae Asset Mutual Fund
    Asset Management Company
    Custodian
    Deutsche Bank
    Registrar & Transfer Agent
    KFin Tech
    Address
    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
    Invest Now
    Enter investment amount
    + ₹1,000
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    + ₹5,000
    ONE TIME
    MONTHLY SIP
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