Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Mirae Asset Multi Asset Allocation Fund - Direct Plan - Growth
★★★★★ monitor_heart Health Score: 72/100 · GoodMirae Asset Mutual Fund · Hybrid · Multi Asset Allocation
₹13.83
AUM: ₹3,422 Cr
NAV updated 17 days ago
Plan
Direct
Option
Growth
Risk
High
Expense Ratio
0.63%
Exit Load
Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 180 Days.
Fund Manager
Ritesh Patel
Inception
Jan 2024
Benchmark
—
Sharpe Ratio
0.76
Std Dev (1Y)
10.25%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
+1.78%
3m
+5.26%
6m
+1.5%
1y
+12.08%
3y
—
5y
—
10y
—
since inception
+14.68%
rate_review TopFund's Take on Mirae Asset Multi Asset Allocation Fund - Direct Plan - Growth
Mirae Asset Multi Asset Allocation Fund - Direct Plan - Growth holds up reasonably well within the Multi Asset Allocation category, currently carrying a 3-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 72/100.
Cost: At 0.63%, the expense ratio is roughly in line with the Multi Asset Allocation category average of 0.64% — cost isn't a standout factor either way for this fund.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a moderate Sharpe ratio of 0.76 — decent risk-adjusted performance, without being exceptional. Separately, annualised volatility of 10.25% is on the lower side, suggesting a comparatively smoother ride.
Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Hybrid fund. The High risk rating means near-term volatility should be expected — this isn't a fund to check daily.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
donut_small Sector Allocation
pie_chart Asset Allocation
info Fund Snapshot
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tips_and_updates Tools & Guides for This Fund
Frequently Asked Questions about Mirae Asset Multi Asset Allocation Fund - Direct Plan - Growth
The current NAV (Net Asset Value) of Mirae Asset Multi Asset Allocation Fund - Direct Plan - Growth is ₹13.83. NAV is updated every business day after market close by AMFI.
1Y: 12.08%
The expense ratio is 0.63% per annum — the annual fee deducted from your investment to cover fund management costs.
Mirae Asset Multi Asset Allocation Fund - Direct Plan - Growth is managed by Ritesh Patel at Mirae Asset Mutual Fund.
Mirae Asset Multi Asset Allocation Fund - Direct Plan - Growth is a High risk fund. Suitable for investors with a 3+ year horizon.
Yes, Mirae Asset Multi Asset Allocation Fund - Direct Plan - Growth is an equity fund, making it suitable for SIP investments. Regular monthly SIPs help average out market volatility through rupee-cost averaging.
The Assets Under Management (AUM) of Mirae Asset Multi Asset Allocation Fund - Direct Plan - Growth is ₹3,423 crore as of the latest data.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.