December 24, 2024
mayank
Mirae Asset Small Cap Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Mirae Asset Small Cap Fund Open Date, Close Date?
NFO opens on January 10, 2025
NFO will close on January 24, 2025
Investment Strategy for this NFO?
The scheme seeks to generate capital appreciation by investing predominantly in small cap stocks. From time to time, the fund manager will also seek participation in other equity and equity related securities to achieve optimal portfolio construction.
Basic Details
| Fund House | Mirae Asset Mutual Fund |
| Issue Open | 10 January 2025 |
| Issue Close | 24 January 2025 |
| Type | Open-ended |
| Category | Equity: Small Cap |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | For units in excess of 15% of the investment, 1% will be charged for redemption within 365 days |
| Riskometer | Very High |
| Benchmark | NIFTY Smallcap 250 TRI |
About Benchmark Index for this NFO?
Nifty Smallcap 250 represents the balance 250 companies (companies ranked 251-500) from Nifty 500. This index intends to measure the performance of small market capitalisation companies.
Nifty Smallcap 250 Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base market capitalization value.
Nifty Smallcap 250 can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty Smallcap 250 Total Returns Index
Portfolio Characteristics
| Methodology | Free Float Market Capitalization |
| No. of Constituents | 250 |
| Launch Date | April 01, 2016 |
| Base Date | April 01, 2005 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi-Annually |
Fund Managers of Mirae Asset Small Cap Fund
1) Varun Goel
Education: Mr. Goel has done B.Tech and MBA in Finance & Marketing
Experience: Prior to joining Mirae Asset Mutual Fund, he has worked with Nippon India Mutual Fund, Motilal Oswal Asset Management Company Ltd., Karvy Stock Broking and KC Portfolio Management
AMC
Mirae Asset Investment Managers (India) Pvt. Ltd.
Address: Unit No.606 – 6th Floor, Windsor Building – Off. CST Road, Kalina, Santacruz (East), Mumbai – 400098
Website: http://www.miraeassetmf.co.in
Registrar & Transfer Agent
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Review for Mirae Asset Small Cap Fund @ sahifund.com by Paresh Gordhandas, C.A., Research Analyst
[ A ] Benchmark Performance of NIFTY Smallcap 250 TRI
Performance
| Index Returns (%)# | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | -3.77 | 26.17 | 33.69 | 29.68 | 15.73 |
| Total Return | -3.70 | 26.95 | 34.52 | 30.79 | 17.12 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 20.36 | 20.53 | 21.69 |
| Beta (NIFTY 50) | 1.03 | 0.82 | 0.79 |
| Correlation (NIFTY 50) | 0.71 | 0.76 | 0.78 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 34.11 | 4.13 | 0.88 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Multi Commodity Exchange of India Ltd | 1.64 |
| Central Depository Services (India) Ltd. | 1.52 |
| Crompton Greaves Consumer Electricals Ltd. | 1.37 |
| Blue Star Ltd. | 1.25 |
| Computer Age Management Services Ltd. | 1.23 |
| Glenmark Pharmaceuticals Ltd. | 1.20 |
| Laurus Labs Ltd. | 1.16 |
| National Aluminium Co. Ltd. | 1.13 |
| 360 ONE WAM Ltd. | 1.13 |
| Radico Khaitan Ltd | 1.00 |
Note on Benchmark Performance:
[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Varun Goel
| Fund | Mirae Asset Small Cap Fund | It’s Benchmark |
| 1 Year | — | — |
| 3 Year | — | — |
| 5 Year | — | — |
| 7 Year | — | — |
| 10 Year | — | — |
As on 06-12-2024
Note on Fund Managers’ performance
[ C ] Conclusion
X
Is it good to invest in Mirae Asset Small Cap Fund NFO?
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