| Launch date | 12 Dec 2024 |
| Allotment date | 02 Jan 2025 |
| End date | 26 Dec 2024 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: 0.28%
Inclusive of GST
Exit load
Exit load of 0.05%, if redeemed within 15 days.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Minimum investment amounts
| Min. for 1st investment | ₹5,000 |
| Min. for 2nd investment onwards | ₹1,000 |
| Min. for SIP | ₹99 |
Fund management
Ekta GalaDec 2024 - PresentView details
Akshay UdeshiDec 2024 - PresentView details
Fund house & investment objective
| Rank (total assets) | #13 in India |
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| Total AUM | ₹2,31,683.80Cr |
| Date of Incorporation | 30 Nov 2007 |
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Mirae Asset Nifty India New Age Consumption ETF FoF 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 India New Age Consumption ETF FoF Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹2,31,684 Cr and the Latest NAV as of 17 Dec 2025 is ₹9.66. The Mirae Asset Nifty India New Age Consumption ETF FoF Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹99. Minimum Lumpsum Investment is ₹5,000. Exit load of 0.05%, if redeemed within 15 days. ;
Investment Objective
The scheme seeks to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset Nifty India New Age Consumption ETF. The Scheme does not guarantee or assure any returns. ;
| Fund benchmark | Nifty India New Age Consumption Total Return Index |
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