Mirae Asset Nifty 50 Index Fund Direct Growth

Launch date10 Oct 2024
Allotment date24 Oct 2024
End date18 Oct 2024
NAV₹10.00

Expense ratio, exit load and tax

Expense ratio: 0.13%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹99

Fund management

Ritesh Patel
Mar 2025 - Present
View details

Education
Mr. Ghosh is a Commerce Graduate and holds a Degree in CS and LLB.
Experience
Prior to joining Mirae Asset MF, he was Assistant Company Secretary with JM Financial Asset Management Pvt. Ltd. He has also been associated with organizations like Hindustan Composites Ltd, Tower Capital & Securities Pvt. Ltd and Multi-Arc India Ltd.
Also manages these schemes

Fund house & investment objective

Rank (total assets)#13 in India
Total AUM₹2,24,201.22Cr
Date of Incorporation30 Nov 2007

Mirae Asset Nifty 50 Index Fund Direct Growth is a Equity Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made available to investors on 30 Nov 2007. Ekta Gala is the Current Fund Manager of Mirae Asset Nifty 50 Index Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹2,24,201 Cr and the Latest NAV as of 02 Apr 2026 is ₹9.42. The Mirae Asset Nifty 50 Index Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹99. Minimum Lumpsum Investment is ₹5,000. ;

Investment Objective

The scheme seeks to generate returns, before expenses, that are commensurate with the performance of Nifty 50 Total Return Index, subject to tracking error. ;

Fund benchmarkNIFTY 50 Total Return Index

Fund house contact details

Address
Unit No.606 - 6th Floor,Windsor Building - Off. CST Road,Kalina, Santacruz (East), Mumbai 400098
Phone
022-67800301 / 1800-2090-777
Launch Date
30 Nov 2007
E-mail
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Peer Comparison

Equity, Large Cap fundsRating1Y3YFund Size(Cr)
5
0.9%16.4%51,403.80
5
1.0%16.2%1,148.98
5
-3.1%15.3%7,269.64
5
-0.5%15.0%77,451.59
5
-3.1%12.5%40,085.19