CASPeR Ranking #133
Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth
NAV (Mon Sep 09 2024)
₹37
Returns (Since Inception)
14.62%
Category Average
15.24%
Rating
3
Allocation and Holdings
Asset class
Weightage
Financial Services
15.03%
Technology
5.85%
Energy
3.71%
Utilities
2.62%
Communication Services
2.29%
Industrials
2.20%
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Overall rating
Scheme Information
Fund name
Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth
Minimum SIP
500
Risk Level
Very High Risk
AUM
₹9294.49 Cr
ISIN
INF769K01DH9
Inception Date
Jul 29 2015
Standard Deviation
9.264
Beta
1.03
Sharpe Ratio
0.983
Benchmark
CRISIL Hybrid 35+65 - Agg TR INR
Expense Ratio
0.390%
Exit Load
I. For investors who have opted for SWP under the plan a) 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. b) Any redemption in excess of such limits in the first 365 days from the date of allotment shall be subject to the following exit load (Redemption of units would be done on First In First Out Basis (FIFO) If redeemed within 1 year (365 days) from the date of allotment 1%. If redeemed after 1 year (365 days) from the date of allotment NIL. II. Other Redemptions For Investors who have not opted for SWP under the plan For all other redemption(s) (including Switch out, STP out) If redeemed within 1 year (365 days) from the date of allotment 1%. If redeemed after 1 year (365 days) from the date of allotment NIL
Risk
Very High Risk
Investment Objective
The investment objective of the Scheme is to generate capital appreciation along with current income from a combined portfolio of predominantly investing in equity & equity related instruments and balance in debt and money market instruments. The Scheme does not guarantee or assure any returns.
Fund Managers
Mahendra Jajoo
Vrijesh Kasera
Harshad Borawake
About the AMC
Mirae Asset Investment Managers (India) Private Limited
Phone Number
022-6780 0300Email Address
customercare@miraeasset.comCorporate Office Address
Mirae Asset Investment Managers (India) Private Limited.,Unit No. 606, 6th Floor,,Windsor Bldg, Off CST Road,,Kalina, Santacruz (East), Mumbai - 400 098Overall AUM
₹9294.49 Cr
Website
www.miraeassetmf.co.inPopular Hybrid Funds
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frequently asked questions
view all FAQsWhat is the current NAV of Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth?
The NAV of Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth is ₹37 as of Mon Sep 09 2024.
Net asset value, or NAV for short, is a mutual fund's cost per unit. Consider it the share price of a stock, but one that represents the total worth of all the investments made by the fund. This value affects how much you pay to invest or receive when redeeming units, and it changes every day based on changes in the market. Gaining insight into NAV enables you to evaluate a fund's performance and make wise investment choices.
Who is the fund manager of Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth?
Mahendra Jajoo is the current fund manager of Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth as on Tue Sep 10 2024. A fund manager's performance history, investment style and strategy, approach to risk management, tenure and experience, fees and charges, and alignment with investor goals all have an impact on the fund performance.
What is the expense ratio of Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth?
The Expense Ratio of Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth is 39.00% as of Tue Sep 10 2024 which means if you earn ₹50,000 worth returns on an investment in this fund then 39.00% of those returns will be retained by the AMC.
The annual fees you pay the mutual fund firm to manage your investments in that fund are known as the Expense Ratio. The Expense Ratio is deducted from the returns that the fund generates and expressed as a percentage of Assets Under Management (AUM).
Because a smaller portion of the gains will be retained, a fund with a lower expense ratio is always preferable because it will result in larger returns for you.
What is the minimum SIP amount of Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth?
The minimum Systematic Investment Plan (SIP) amount required for Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth is ₹500. A Systematic Investment Plan (SIP) is an investment approach in mutual funds where an investor selects a mutual fund scheme and invests a fixed amount at regular intervals. The SIP investment strategy involves investing a small amount consistently over time, as opposed to investing a large sum in a single instance. This method aims to potentially yield higher returns over the long term by leveraging the benefits of rupee cost averaging and compounding.
What is the minimum lump sum amount required to invest in Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth?
To initiate a lump sum investment in Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth, a minimum initial amount of ₹5,000 is necessary. This means that to participate in this investment option, investors must commit a starting sum of at least INR 5000. A lumpsum investment is a common approach to investing money in financial instruments such as mutual funds. This method involves investing a substantial sum of money in a financial instrument in a single transaction, as opposed to making multiple smaller payments over time.
What is risk category of the Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth?
In accordance with SEBI regulations, mutual funds are required to disclose the risk associated with investing, categorized into five levels: (a) Low: Low risk to principal, (b) Moderately Low: Moderately low risk to principal, (c) Moderate: Moderate risk to principal, (d) Moderately High: Moderately high risk to principal, (e) High: High risk to principal. The risk category of Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth is classified as Very High Risk.
What is the category of Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth?
The category of the Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth is Allocation.