January 25, 2023
mayank
Guidance for NFO of Mirae Asset Flexi Cap Fund
by Paresh Gordhandas, C.A., Research Analyst.
Updated Soon
NFO of Mirae Asset Flexi Cap Fund
NFO opens on February 03 ,2023
NFO will close on February 17 ,2023
(Our detailed Guidance is given at the bottom of the Page)
Investment Strategy
The scheme seeks to provide long-term capital appreciation from a portfolio investing predominantly in Indian equity and equity related instruments across market capitalization.
Basic Details
| Fund House | Mirae Asset Mutual Fund |
| Issue Open | 03 February 2023 |
| Issue Close | 17 February 2023 |
| Type | Open-ended |
| Category | Equity: Flexi Cap |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | NIFTY 500 TRI |
About Benchmark Index
The NIFTY 500 index represents top 500 companies selected based on full market capitalization from the eligible universe.
NIFTY 500 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 period. NIFTY 500 can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variants: NIFTY 500 Total Returns Index, NIFTY500 Industry Indices.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 4.18 | 3.02 | 3.02 | 10.24 | 10.27 |
| Total Return | 4.30 | 4.25 | 4.25 | 11.52 | 12.01 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 17.37 | 18.82 | 22.80 |
| Beta (NIFTY 50) | 0.99 | 0.96 | 0.93 |
| Correlation (NIFTY 50) | 0.98 | 0.99 | 0.95 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 22.85 | 4.08 | 1.26 |
Fund Manager
1) Vrijesh Kasera
Education: Mr. Kasera is a MBA (Finance), CFA (ICFAI).
Experience: Prior to joining Mirae Asset Mutual Fund, he was associated with Axis Capital Ltd. as an Equity Research Analyst. He has also been associated with Edelweiss Broking Ltd.
Past Performance of his Schemes
| Fund | Mirae Asset Healthcare Fund – Regular Plan | It’s Benchmark | Mirae Asset Hybrid Equity Fund – Regular Plan | It’s Benchmark |
| 1 Year | -5.26 | -3.64 | 3.56 | 6.70 |
| 3 Year | 22.45 | 18.10 | 12.52 | 13.74 |
| 5 Year | — | — | 9.62 | 10.85 |
| 7 Year | — | — | 13.19 | 13.57 |
| 10 Year | — | — | — | — |
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
*Post your MF questions @ sahifund.com/ask-me/
IPO Details & Guidance @ chanakyanipothi.com