3 Year return

18.53%
Launched on September 2020 (4 years)

Investment Details

₹500

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹722.32 Cr.

Expense Ratio

0.04% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

Tax Implications

There are no records found for Tax Implications.

Fund Holdings

Holdings

Mirae Asset Mutual Fund Managers

BS

Bharti Sawant

Fund Manager since Apr 2022

View Details

Fund House Details

Mirae Asset Mutual Fund

Mirae Asset Mutual Fund Asset management company

AUM ₹164,467.60 Cr.
No. of Schemes 107
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Mirae Asset Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns

About the Mirae Asset Equity Allocator Fund of Fund Direct Growth

The Mirae Asset Equity Allocator Fund of Fund Direct Growth is a fund of funds managed by Mirae Asset Mutual Fund. It is a direct plan, which means that there are no brokerage fees involved when you invest in the fund. The fund invests in a diversified portfolio of equity funds managed by Mirae Asset Mutual Fund. The fund aims to generate long-term capital appreciation by investing in a portfolio of equity funds that are aligned to different market capitalizations and investment styles.

Investment Objectives of the Scheme

The investment objective of the Mirae Asset Equity Allocator Fund of Fund Direct Growth is to generate long-term capital appreciation by investing in a diversified portfolio of equity funds managed by Mirae Asset Mutual Fund. The fund will invest at least 80% of its assets in equity funds.

Key Features of The Fund

5-year return NA
Expense Ratio 0.04%
Fund Manager Bharti Sawant
Fund Size ₹722.32 Cr
Risk Profile Very High

Is this scheme right for me?

The Mirae Asset Equity Allocator Fund of Fund Direct Growth is a good option for investors who are looking for long-term capital appreciation and who are comfortable with the risks associated with equity investments. However, the fund is not suitable for investors who are looking for a short-term investment or who are risk-averse.

AMC Contact Details

Name Mirae Asset Mutual Fund
Launch Date November 2007
Addresss Unit No. 606, 6th Floor, Windsor Bldg, Off CST Road, Kalina, Santacruz (East), Mumbai - 400 098.
Contact 1800-2090-777
Email customercare@miraeasset.com
Website https://www.miraeassetmf.co.in/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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FAQs

What is today's NAV of Mirae Asset Equity Allocator Fund of Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Mirae Asset Equity Allocator Fund of Fund Jun 21 2024 is 23.839

What is the AUM of Mirae Asset Equity Allocator Fund of Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Mirae Asset Equity Allocator Fund of Fund is 722.32 crore.

What is the expense ratio of Mirae Asset Equity Allocator Fund of Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Mirae Asset Equity Allocator Fund of Fund is 0.04%

What are the returns of Mirae Asset Equity Allocator Fund of Fund since inception?

The Mirae Asset Equity Allocator Fund of Fund was launched on Sep 08 2020. The fund has delivered a CAGR of 26.06 since inception.

What is the minimum SIP amount to invest in Mirae Asset Equity Allocator Fund of Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Mirae Asset Equity Allocator Fund of Fund is 500.

How do I invest in Mirae Asset Equity Allocator Fund of Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Mirae Asset Equity Allocator Fund of Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Mirae Asset Equity Allocator Fund of Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Mirae Asset Equity Allocator Fund of Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.