Mirae Asset Diversified Equity Allocator Passive FOF
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Business Overview
Mirae Asset Diversified Equity Allocator Passive Fund of Funds (FOF) is designed for investors seeking a balanced exposure to equity markets without the hassle of active management. This fund invests in a diversified portfolio of equity mutual funds, making it ideal for those looking to grow their wealth steadily over time. It matters because it simplifies investment decisions while aiming for long-term capital appreciation.
- Diversified exposure to multiple equity mutual funds
- Ideal for long-term wealth creation
- Passive management reduces stress for investors
- Suitable for both new and experienced investors
- Focus on capital appreciation with lower risk
- Managed by a trusted financial institution
Investment Thesis
Mirae Asset Diversified Equity Allocator Passive FOF stands out due to its strong promoter credibility, robust growth in digital services, and attractive valuation compared to peers. This combination positions it well for long-term gains, making it a compelling choice for Indian retail investors seeking stability and growth.
- Backed by the reputable Mirae Asset promoter group, ensuring trust and reliability.
- Capitalizes on the growing digital services sector, enhancing future growth potential.
- Currently valued attractively compared to industry peers, offering a favorable entry point.
- Diversified equity allocation mitigates risks while providing exposure to various sectors.
- A passive fund structure allows for lower management fees, enhancing investor returns.
Opportunity vs Risk
- Diversified exposure to equity markets
- Potential for long-term capital growth
- Access to professional fund management
- Low expense ratio compared to active funds
- Market volatility affecting returns
- Limited control over individual stocks
- Possible underperformance in bearish markets
- Liquidity risk during market downturns
Peer Perspective
Mirae Asset Diversified Equity Allocator Passive FOF currently trades at a slight premium compared to peers like ICICI Prudential and HDFC Mutual Fund. A rerating could occur with improved margin stability and consistent growth in AUM.
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10BusinessHighThe fund invests in a diversified portfolio, but lacks a clear moat.
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10GrowthHighConsistent revenue growth observed, but profit margins are volatile.
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10ProfitabilityHighROE and ROCE are average, cash flow is inconsistent.
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8ValuationHighP/E and P/B ratios are slightly above peers, indicating potential overvaluation.
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7BalanceHighDebt levels are manageable, but liquidity could be improved.
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6GovernanceGoodPromoter holding is decent, but some concerns over transparency.
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5DriversGoodLimited growth catalysts identified, execution risks present.
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5TechnicalsGoodMarket sentiment is neutral, with low liquidity.