3 Year return

23.53%
Launched on January 2013 (11 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

₹3351.36 Cr.

Expense Ratio

0.42% (inclusive of GST)

Exit Load

15% of the units allotted (including Switch-in/STP - in on or before completion of 365 days from the date of allotment of units: Nil. 1.00% - If redeemed within 1 year (365 days) from the date of allotment. Nil - If redeemed after 1 Year (365 days) from the date of allotment.

Ratings

ARQ Rating
0

Ratings by other agencies

3
0
0

Tax Implications

Withdrawal within 1 year

Exit load + 15% tax on gains

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

Mirae Asset Mutual Fund Managers

AJ

Ankit Jain

Fund Manager since Jul 2023

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 Mirae Asset Great Consumer Fund Direct IDCW Reinvestment

The Mirae Asset Great Consumer Fund Direct IDCW Reinvestment fund is an equity mutual fund scheme that invests in a diversified portfolio of stocks of companies in the consumer sector. The Mirae Asset Great Consumer Fund Direct IDCW Reinvestment fund is an open-ended fund. This means that the fund can issue and redeem units on a continuous basis. The expense ratio of the Mirae Asset Great Consumer Fund Direct IDCW Reinvestment fund is slightly higher than the category average.

Investment Objectives of the Scheme

The investment objective of the Mirae Asset Great Consumer Fund Direct IDCW Reinvestment fund is to generate long-term capital appreciation by investing in companies that are leaders in their respective industries and that are well-positioned to benefit from the growth of the Indian consumer market.

Key Features of The Fund

5-year return 21.96%
Expense Ratio 0.42%
Fund Manager Ankit Jain
Fund Size ₹3351.36 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The Mirae Asset Great Consumer Fund Direct IDCW Reinvestment fund is suitable for investors who are looking for long-term growth and who are comfortable with the risk of moderate losses. The fund is also suitable for investors who are looking for exposure to the Indian consumer market. However, investors should be aware of the risks associated with investing in a consumer sector fund, such as the potential for volatility due to changes in consumer spending habits. In addition, it is essential to do your own research before investing in any Mutual Funds.

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.

Invest Smart, Start Your SIP Today

Take control of your financial future by using our systematic investment plan calculator. All you have to do is input your desired investment amount and time horizon into our SIP calculator. Witness firsthand the potential growth of your investments as you tailor your strategy to match your unique financial objectives. With a personalised approach, you can ensure steady wealth accumulation over time, bringing you closer to your financial goals.

FAQs

What is today's NAV of Mirae Asset Great Consumer Fund Direct IDCW Reinvestment?

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 Great Consumer Fund Direct IDCW Reinvestment Jun 11 2024 is 67.158

What is the AUM of Mirae Asset Great Consumer Fund Direct IDCW Reinvestment?

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 Great Consumer Fund Direct IDCW Reinvestment is 3351.36 crore.

What is the expense ratio of Mirae Asset Great Consumer Fund Direct IDCW Reinvestment?

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 Great Consumer Fund Direct IDCW Reinvestment is 0.42%

What are the returns of Mirae Asset Great Consumer Fund Direct IDCW Reinvestment since inception?

The Mirae Asset Great Consumer Fund Direct IDCW Reinvestment was launched on Jan 01 2013. The fund has delivered a CAGR of 19.19 since inception.

What is the minimum SIP amount to invest in Mirae Asset Great Consumer Fund Direct IDCW Reinvestment?

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 Great Consumer Fund Direct IDCW Reinvestment is 500.

How do I invest in Mirae Asset Great Consumer Fund Direct IDCW Reinvestment?

  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 Great Consumer Fund Direct IDCW Reinvestment?

  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 Great Consumer Fund Direct IDCW Reinvestment?

  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 Great Consumer Fund Direct IDCW Reinvestment?

  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.