| Launch date | 08 Oct 2024 |
| Allotment date | 28 Oct 2024 |
| End date | 22 Oct 2024 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: 0.22%
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.
Minimum investment amounts
| Min. for 1st investment | ₹5,000 |
| Min. for 2nd investment onwards | ₹1,000 |
| Min. for SIP | ₹99 |
Fund management
Ekta GalaOct 2024 - PresentView details
Vishal SinghOct 2024 - PresentView details
Fund house & investment objective
| Rank (total assets) | #13 in India |
|---|---|
| Total AUM | ₹1,81,758.25Cr |
| Date of Incorporation | 30 Nov 2007 |
|---|
Mirae Asset Nifty Total Market 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 Total Market Index Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹1,81,758 Cr and the Latest NAV as of 11 Dec 2024 is ₹10.36. The Mirae Asset Nifty Total Market 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 Total Market Total Return Index, subject to tracking error. ;
| Fund benchmark | Nifty Total Market Total Return Index |
|---|
Fund house contact details
Peer Comparison
| Equity, Flexi Cap funds | Rating | 1Y | 3Y | Fund Size(Cr) |
|---|---|---|---|---|
JM Flexicap Fund Direct Plan Growth | 5 | 44.5% | 28.5% | 4,531.48 |
HDFC Flexi Cap Direct Plan Growth | 4 | 31.4% | 25.2% | 66,225.06 |
Franklin India Flexi Cap Fund Direct Growth | 4 | 31.2% | 20.6% | 18,251.58 |
Parag Parikh Flexi Cap Fund Direct Growth | 5 | 28.8% | 17.3% | 82,441.08 |
Union Flexi Cap Fund Direct Growth | 4 | 24.8% | 16.2% | 2,354.86 |