Mirae Asset Great Consumer Fund: In today’s era, mutual funds, especially equity funds are very popular among investment options. Investments are made in different shares through equity mutual funds. In them, the risk is extremely low compared to investing directly in equity. Experts believe that investing in mutual funds with a long-term goal can lead to very strong returns. In the long term, there is an advantage of compounding in it. There are many funds in the market which have made investors rich in the long term. One of these funds is Mirae Asset Great Consumer Fund. Now 10 years have passed since this fund was launched. In 10 years, it has increased the money of investors by about 4.5 times.
Launch date and returns
The Mirae Asset Great Consumer Fund was launched on 29 March 2011. Since the launch, the fund’s returns have been 15.91 per cent annually in the 10 years since then. From March 23, 2020 to March 23, 2021, the phase has been great for the fund. During this period, the fund has given 77 percent return to investors. However, the period from 22 March 2019 to 23 March 2020 has been the worst for the year-long period and the fund has given a negative return of 27.27 per cent during this period.
4.37 Lakhs made out of 1 Lakh
The returns in the last 10-year Mira Asset Great Consumer Fund have been 15.91 per cent annually. In this context, if someone had invested Rs 1 lakh at the time of the launch of this fund, then his money would have increased to Rs 4.37 lakh. That means an increase in wealth by about 4.5 times. At the same time, 2.16 lakhs of 1 lakh have been made in the last 5 years. This fund has given 58.17 per cent in the last 1 year, 11.53 per cent in 3 years and 16.61 per cent in 5 years.
At least how much investment
A minimum of Rs 5000 can be invested in Mirae Asset Great Consumer Fund. At the same time, minimum SIP can also be started from 1000 rupees. The total asset of the fund is Rs 1140 crore as on 28 February 2021. At the same time, the expense ratio was 2.17 percent till this date.
Top holding
ITC, Airtel, HUL, Maruti Suzuki, Britannia Industries, TVS Motor, Dabur India and Tata Consumer Products.
Country’s consumption theme strong
Swaroop Mohanty, CEO of Mirae Asset Investment Managers India, says the story of Indian consumption is as good as 10 years ago when the Meere Asset Great Consumer Fund was launched. India is on course to become a 5 million trillion economy, so we are committed to continue our effort to provide better returns for our investors through this fund. Our focus will be on investment quality, growth oriented business and team based approach.
Ankit Jain, fund manager of Mirae Asset Investment Managers (India), says that the consumption theme of the country is strong. Consumption will increase in the coming days, due to which high returns are expected in this sector. The track record of the last 10 years of returns is very strong, so it is clear that investing in quality business is our priority.
(Note: Here the fund’s performance is shown according to data taken from Value Research. There is also input from the agency.)
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