June 23, 2023
mayank
Mirae Asset Multicap Fund NFO, details, NAV, Portfolio, Returns, Peer Comparison, Guidance
NFO opens on July 28, 2023
NFO will close on August 11, 2023
(Our detailed Guidance is given at the bottom of the Page)
Mirae Asset Multicap Fund NFO Investment Strategy
The scheme is seeks to provide long-term capital appreciation from a portfolio investing predominantly in Indian equity and equity related securities of large cap, mid cap and small cap companies.
Basic Details
| Fund House | Mirae Asset Mutual Fund |
| Issue Open | 28 July 2023 |
| Issue Close | 11 August 2023 |
| Type | Open-ended |
| Category | Equity: Multi Cap |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 365 days |
| Riskometer | Very High |
| Benchmark | Nifty 500 Multicap 50:25:25 TRI |
Benchmark Index of Mirae Asset Multicap Fund NFO
The Nifty500 Multicap 50:25:25 index aims to measure the performance of portfolio of large, mid and small market capitalisation companies with target weights assigned to each size segment.
The Nifty500 Multicap 50:25:25 index includes all companies that are part of Nifty 500 index. While in Nifty 500 index, the total weight of each size segment (Large, Mid and Small cap) is based on the total free float market capitalisation of all stocks falling within that size segment, in Nifty500 Multicap 50:25:25 index, the total weight to each of these three segments (Large, Mid and Small cap) is fixed at 50%, 25% and 25% respectively at every quarterly rebalance date. The weight of 50%, 25% and 25% for the three segments are further divided amongst stocks within the respective segment based on underlying stock’s free float market capitalisations. Weight of each size segment may be different from its respective capped level between two rebalance dates due to price drift of underlying stocks.
The index can be used for a variety of purposes such as benchmarking, creation of index funds, ETFs and structured products.
Index Variant: Nifty500 Multicap 50:25:25 Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 9.65 | 3.20 | 13.29 | 11.33 | 13.74 |
| Total Return | 9.81 | 3.47 | 14.35 | 12.53 | 15.28 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 12.60 | 18.58 | 20.56 |
| Beta (NIFTY 50) | 0.92 | 0.91 | 0.89 |
| Correlation (NIFTY 50) | 0.91 | 0.95 | 0.94 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 22.18 | 3.8 | 1.28 |
Fund Manager of Mirae Asset Multicap Fund NFO
1) Ankit Jain
Education: Mr. Jain is a B.Tech (ICT) and MBA (Finance).
Experience: Prior to joining Mirae Asset Mutual Fund (Sep. 7, 2015) as a Research Analyst he was associated with Equirius Securities Pvt Ltd. and Infosys Ltd. He has more than 5 years of professional experience and his primary responsibility includes Investment Analysis and Fund Management.
Past Performance of his Schemes
| Fund | Mirae Asset Great Consumer Fund | It’s Benchmark | Mirae Asset Midcap Fund | It’s Benchmark |
| 1 Year | 34.04 | 24.96 | 27.88 | 34.59 |
| 3 Year | 27.37 | 25.59 | 32.72 | 33.17 |
| 5 Year | 14.80 | 13.13 | — | — |
| 7 Year | 17.07 | 14.49 | — | — |
| 10 Year | 17.92 | 15.29 | — | — |
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: www.karvymfs.com
Guidance for Mirae Asset Multicap Fund NFO by Paresh Gordhandas, C.A., Research Analyst.
The scheme seeks to invest in Large cap, Mid cap and Small cap funds based on its benchmark the Nifty500 Multicap 50:25:25 index. In a fund of this kind, it becomes very important to gauge the stock picking skills of the Fund Manager, as when it comes to mid cap and small cap companies, one needs to be cautious.
We have done a sample comparison of the funds managed by the Fund Manager(FM). You can refer the table above for the same. If you take a look, you will notice that the performance is good and there are only some instances of underperforming the benchmark.
Keeping in mind that the mid cap and small cap space is also expected to shine in the next 3-5 years, a Multicap fund is expected to give a balanced return. Additionally, funds from Mirae are known to give good returns to investors. You can invest in this NFO.
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