December 22, 2023
RA Jainee
Mirae Asset Multi Asset Allocation Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
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 Multi Asset Allocation Fund Open Date, Close Date?
NFO opens on January 10, 2024
NFO will close on January 24, 2024
Re-opens for continuous Sales and Repurchase: 1st February 2024
What is Fund Investment Strategy?
The scheme seeks to provide long-term capital appreciation from a portfolio investing in equity and equity related securities, Debt and money market instruments, Gold ETFs, Silver ETFs and Exchange Traded Commodity Derivatives.
Basic Details of Mirae Asset Multi Asset Allocation Fund?
| Fund House | Mirae Asset Mutual Fund |
| Issue Open | 10 January 2024 |
| Issue Close | 24 January 2024 |
| Type | Open-ended |
| Category | Hybrid: Multi Asset Allocation |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 1% for redemption Within 1 year |
| Riskometer | Very High |
| Benchmark | S&P BSE 200 TRI (65), NIFTY Short Duration Index (20), Domestic Price of Gold (10), Domestic Price of Silver (5) |
What is the Benchmark Index?
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | – | – | – | – | – |
| Total Return | – | – | – | – | – |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | – | – | – |
| Beta (NIFTY 50) | – | – | – |
| Correlation (NIFTY 50) | – | – | – |
Fundamentals
| P/E | P/B | Dividend Yield |
| – | – | – |
Study about Benchmark Index
Performance Review of the Fund Managers?
1) Harshad Borawake
Education: Mr. Borawake is MBA(Finance) & B.E.(Polymers)
Experience: Prior to joining Mirae Asset Mutual Fund, he has worked with Motilal Oswal Securities Ltd. as Vice President and Capmetrics & Risk Solutions Private Ltd. as Research Analyst – Equity.
Past Performance of his Schemes
| Fund | Mirae Asset Equity Savings Fund | It’s Benchmark | Mirae Asset Aggressive Hybrid Fund | It’s Benchmark |
| 1 Year | 13.07 | 11.56 | 17.10 | 16.72 |
| 3 Year | 11.54 | 9.53 | 15.50 | 16.31 |
| 5 Year | 11.38 | 9.42 | 13.66 | 14.49 |
| 7 Year | — | — | 13.80 | 14.60 |
| 10 Year | — | — | — | — |
2) Amit Modani
Education: Mr. Modani is Chartered Accountant
Experience: Prior to joining Mirae Asset Mutual Fund, he has worked with BOI AXA Mutual Fund, Quantum Asset Management Company Private Limited and Pramerica Asset Managers Pvt. Ltd.
Past Performance of his Schemes
| Fund | Mirae Asset Short Duration Fund | It’s Benchmark | Mirae Asset Dynamic Bond Fund | It’s Benchmark |
| 1 Year | 6.22 | 4.46 | 5.71 | 7.04 |
| 3 Year | 4.15 | 2.99 | 3.19 | 4.30 |
| 5 Year | 6.05 | 3.28 | 5.97 | 5.59 |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
3) Ritesh Patel
Education: Mr. Ghosh is a Commerce Graduate and holds a Degree in CS and LLB.
Experience: Prior to this assignment, he was Assistant Company Secretary with JM Financial Asset Management Pvt. Ltd. He has also been associated with organizations like Hindustan Composites Ltd, Tower Capital & Securities Pvt. Ltd and Multi-Arc India Ltd.
Past Performance of his Schemes
| Fund | Mirae Asset Gold ETF | It’s Benchmark | Mirae Asset Silver ETF | It’s Benchmark |
| 1 Year | — | — | — | — |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
Which Company Owns Mirae Asset Multi Asset Allocation Fund?
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: http://www.karvymfs.com
Should I Invest in Mirae Asset Multi Asset Allocation Fund NFO?
Guidance for Mirae Asset Multi Asset Allocation Fund by Paresh Gordhandas, C.A., Research Analyst.
Will Post Soon
Invest Online
Full Mirae Asset Multi Asset Allocation Fund Summary
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