This fund is a good choice within sectoral / thematic - consumption mutual funds.
Scripbox recommends other funds for investment in Sectoral / Thematic - Consumption.
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to see our recommendations.
Sectoral / Thematic - Consumption funds provides inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).
The investment objective of the scheme is to generate long term capital appreciation by investing in a portfolio of companies/funds that are likely to benefit either directly or indirectly from consumption led demand in India. The Scheme does not guarantee or assure any returns
Low
Moderately Low
Moderate
Moderately High
High
High Risk
2.24%
Expense Ratio
29th Mar, 2011
Launched (9y ago)
₹
1,012
AUM in Crores
INF769K01135
ISIN
No Lock-in
Lock-in
IISL Nifty India Consumption TR INR
Benchmark
₹
1000
SIP Minimum
₹
5000
Lumpsum Min.
Fund Managers
Ankit Jain
Fund Manager
Returns Calculator Comparison
of
for
Instrument
Returns
Total Corpus
Gains
Annualised %
Mutual Fund
11.25%
EPF
Property
PPF
Bank FD
Gold
Savings Bank
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments
are subject to market risk, read all scheme related documents carefully before investing. Past performance is
not an indicator of future returns.
Mirae Asset Global Inv (India) Pvt. Ltd manages assets worth ₹ 51,468 crores. It's current offering of mutual fund schemes includes 20 equity, 30 debt and 9 hybrid funds.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
What Scripbox recommendations mean?
Recommended
Scripbox algorithm recommends 2-4 funds for investment for an investment
asset class such as large cap, diversified, liquid etc. When you invest
for an objective, the algorithm suggests the appropriate asset class and
funds.
Top Ranked
These funds are the top performers within a category of mutual funds considering a combination of criteria. The best amongst these funds are also labelled as Scripbox Recommended.
Not Recommended
Scripbox algorithm classifies funds as "not recommended" when they perform poorly on a combination of criteria. These funds are usually the poorest performers within a category.
Track Record
We look at consistent and long historical performance for our analysis
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are
preferred
Category View
We check if the sub-category of the fund is recommended by us
Consistency Of Performance
Consistency of performance over various tenures is analysed for a relative performance stack
Track Record
We look at consistent and long historical performance for our analysis
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred
Impact of Interest Rates
We check the relative interest rate risk of the sub-category of the fund. Lower the better
Credit Quality Of Fund’s Portfolio
We check the relative interest rate risk of the sub-category of the fund. Lower the better
Equity Funds
Debt Funds
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About Mirae Asset Great Consumer fund (Growth)
About Mirae Asset Great Consumer fund (Growth)
Mirae Asset Great Consumer fund (Growth) is a Sectoral / Thematic - Consumption Equity fund and has delivered an annualised return of 14.24% over a period of 9 years.
The fund is managed by Mirae Asset Global Inv (India) Pvt. Ltd.
The fund manager’s name is Ankit Jain.
Mirae Asset Great Consumer fund (Growth) Investment Objective
The investment objective of the scheme is to generate long term capital appreciation by investing in a portfolio of companies/funds that are likely to benefit either directly or indirectly from consumption led demand in India. The Scheme does not guarantee or assure any returns
However, there is no assurance that the objective of the scheme will be realized.
Mirae Asset Great Consumer fund (Growth) NAV, AUM and Risk
The fund was launched on 2011-03-29. The NAV of the fund as of 2020-10-27 is ₹ 36.23. The total AUM of the fund as of 2020-10-27 is ₹ 1,012 Cr. The category risk of the fund is High Risk
The fund charges 2.24 % as expense ratio.
Mirae Asset Great Consumer fund (Growth) Holdings
The fund’s highest allocation is towards equity and has invested 98.7% in this asset class.
The top three holdings of the fund are hindustan unilever ltd, itc ltd and bharti airtel ltd.
Mirae Asset Great Consumer fund (Growth) SIP
The minimum SIP(Systematic Investment Plan) amount for this is ₹ 1000 and you can increase this in multiples of 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 5000.
Mirae Asset Great Consumer fund (Growth) Investment volatility and Horizon
This fund is meant for investors with a minimum investment horizon of 5-7 years. Due to the asset class nature, expect volatility in your investments over the short term. The fund is benchmarked to IISL Nifty India Consumption TR INR.
