Mirae Asset Diversified Equity Allocator Passive FOF - Direct Plan - Growth
Benchmark: Nifty 200 TRI · Riskometer: Very High
Mirae Asset Diversified Equity Allocator Passive FOF is a FoF Domestic mutual fund managed by Mirae Asset Investment Managers (India) Pvt. Ltd, benchmarked against Nifty 200 TRI. Riskometer: Very High.
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LEARN: Growth of ₹100 · NAV · CAGR
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Mirae Asset Diversified Equity Allocator Passive FOF - growth of ₹100
Growth of ₹100 invested on 2021-10-31, not raw NAV - the standard way to compare fund performance regardless of NAV level. Daily resolution for the last 90 days, weekly up to 2 years, monthly beyond that.
NAV History - Last 30 Days(exact daily NAV)
| Date | NAV (₹) | 1D Change |
|---|---|---|
| 2026-10-28 | 23.629 | +0.004 (+0%) |
| 2026-10-27 | 23.625 | +0.099 (+0.4%) |
| 2026-10-26 | 23.526 | +0.218 (+0.9%) |
| 2026-10-25 | 23.308 | +0 (+0%) |
| 2026-10-23 | 23.308 | -0.281 (-1.2%) |
| 2026-10-22 | 23.589 | -0.08 (-0.3%) |
| 2026-10-21 | 23.669 | -0.239 (-1%) |
| 2026-10-20 | 23.908 | +0 (+0%) |
| 2026-10-19 | 23.908 | -0.194 (-0.8%) |
| 2026-10-18 | 24.102 | +0 (+0%) |
| 2026-10-16 | 24.102 | +0.117 (+0.5%) |
| 2026-10-15 | 23.985 | +0.179 (+0.8%) |
| 2026-10-14 | 23.806 | -0.03 (-0.1%) |
| 2026-10-13 | 23.836 | +0.314 (+1.3%) |
| 2026-10-12 | 23.522 | -0.156 (-0.7%) |
| 2026-10-11 | 23.678 | +0 (+0%) |
| 2026-10-09 | 23.678 | +0.311 (+1.3%) |
| 2026-10-08 | 23.367 | -0.471 (-2%) |
| 2026-10-07 | 23.838 | -0.119 (-0.5%) |
| 2026-10-06 | 23.957 | +0.208 (+0.9%) |
| 2026-10-05 | 23.749 | +0.084 (+0.4%) |
| 2026-10-04 | 23.665 | +0 (+0%) |
| 2026-10-01 | 23.665 | -0.214 (-0.9%) |
| 2026-09-30 | 23.879 | - |
Punji Fund Health Score - percentile-within-category. See methodology.
CATEGORY COMPARISON
Mirae Asset Diversified Equity Allocator Passive FOF returns
Lumpsum returns: full range of outcomes across every overlapping window in the fund's history for each holding period, not one trailing number.
| Holding period | Min rolling CAGR | Median rolling CAGR | Max rolling CAGR |
|---|---|---|---|
| 1Y | -9.6% | +10.1% | +68% |
| 3Y | +8% | +16.4% | +24.5% |
Actual point-to-point CAGR for the single best and single worst overlapping window of each holding period in the fund's history - historical fact, not a forecast. Independent of the lumpsum/SIP toggle above - always CAGR-based.
| Holding period | Best window | Worst window | Beat benchmark |
|---|---|---|---|
| 1Y | +68.0% (2020-09-24 → 2021-09-24) | -9.6% (2025-10-23 → 2026-10-23) | 23.87% |
| 3Y | +24.5% (2020-09-24 → 2023-09-24) | +8.0% (2023-10-13 → 2026-10-12) | 28.79% |
Mirae Asset Diversified Equity Allocator Passive FOF category rank vs peers
| Metric | Value | Rank | Category median |
|---|---|---|---|
| 3Y Rolling CAGR | 16.4% | #26 of 75 | 13.3% |
| Total Expense Ratio | 0.04% | #3 of 159 (lower is better) | 0.17% |
| AUM | ₹897 Cr | #51 of 157 | ₹187 Cr |
Mirae Asset Diversified Equity Allocator Passive FOF risk metrics
This is a fund of funds. Its risk profile belongs to the schemes it holds, not to a benchmark of its own.
Mirae Asset Diversified Equity Allocator Passive FOF holdings
Portfolio as of 2026-09-30
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Top sector holdings
Share of portfolio (% to NAV) in each of the top sectors.
TOP HOLDINGS
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Mirae Asset Diversified Equity Allocator Passive FOF Punji analytics
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Asset Allocation
As of Sep-2026
Portfolio analytics as of Sep-2026.
Frequently asked questions
How often has Mirae Asset Diversified Equity Allocator Passive FOF beaten its benchmark over 3-year periods?
Mirae Asset Diversified Equity Allocator Passive FOF beat its benchmark, Nifty 200 TRI, in 28.79% of all overlapping 3-year rolling windows in its history. This is different from simply having a positive return - it measures how often the fund's own 3-year CAGR exceeded the benchmark's 3-year CAGR over the exact same dates, which is a more direct read on the manager's stock selection than a single trailing alpha figure computed over one window.
What is Mirae Asset Diversified Equity Allocator Passive FOF's 3-year rolling return, and how does it rank?
Mirae Asset Diversified Equity Allocator Passive FOF's 3-year rolling CAGR (median across all rolling 3-year windows in the data) is 16.4%. That places it in the 67th percentile within its category, FoF Domestic - meaning it has outperformed roughly 67% of peers in the same category over this window. The category median for this metric is 13.3%, so comparing Mirae Asset Diversified Equity Allocator Passive FOF's figure against that median shows how much it has beaten (or trailed) a typical fund in this category. Rolling returns average performance across many overlapping windows rather than a single start/end date, which makes them a steadier read on consistency than a simple point-to-point return.
How risky is Mirae Asset Diversified Equity Allocator Passive FOF?
Mirae Asset Diversified Equity Allocator Passive FOF carries a "Very High" risk rating on SEBI's mandated riskometer scale, the same standardized classification every Indian mutual fund must disclose. This rating reflects the fund's underlying portfolio composition and historical volatility, and is set independently of any single AMC's own marketing - it's meant to give investors a comparable, at-a-glance sense of how much the fund's value can swing before deciding whether it matches their own risk appetite and investment horizon. A higher-risk rating isn't inherently bad; it typically correlates with higher long-term return potential, but also with larger short-term drawdowns, so it should be read alongside the fund's category and your own time horizon rather than in isolation.
What is Mirae Asset Diversified Equity Allocator Passive FOF's expense ratio?
Mirae Asset Diversified Equity Allocator Passive FOF's direct-plan expense ratio is 0.04% per year - the annual fee the AMC deducts from the fund's assets to cover management and operating costs, already reflected in the NAV you see (it isn't billed separately). Direct plans skip the distributor commission built into Regular plans, which is why a direct-plan expense ratio is almost always lower than the same scheme's Regular-plan version. Over long holding periods, even a difference of a few basis points compounds into a meaningfully different final corpus, which is why expense ratio is one of the few fund attributes an investor can compare with total certainty before investing, unlike future returns.
How does Mirae Asset Diversified Equity Allocator Passive FOF's expense ratio compare to its category?
Mirae Asset Diversified Equity Allocator Passive FOF's expense ratio of 0.04% ranks #3 of 159 funds in the FoF Domestic category (lower is better) - the category median is 0.17%. Expense ratio is deducted from the fund's assets every year regardless of performance, so a lower ratio is a real, certain cost advantage rather than a projection, unlike future returns.
How big is Mirae Asset Diversified Equity Allocator Passive FOF, and how does that compare to its category?
Mirae Asset Diversified Equity Allocator Passive FOF manages ₹897 Cr in assets, ranking #51 of 157 funds by size in the FoF Domestic category - the category median is ₹187 Cr. A larger fund generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but in categories with a smaller investable universe (like small or mid cap), a very large fund can also face more difficulty entering and exiting positions without moving the price.
What's the best and worst 3-year holding period for Mirae Asset Diversified Equity Allocator Passive FOF historically?
Looking at every overlapping 3-year window in Mirae Asset Diversified Equity Allocator Passive FOF's history, the best-performing window ran from 2020-09-24 to 2023-09-24, delivering a 24.5% CAGR. The worst-performing window ran from 2023-10-13 to 2026-10-12, delivering a 8.0% CAGR. This is a historical record of actual past outcomes, not a prediction - it shows the real range of results an investor holding for exactly 3 years could have seen depending on entry timing, which is why rolling returns (median across all windows, shown above) are a more representative single number than either extreme.
How concentrated are Mirae Asset Diversified Equity Allocator Passive FOF's top holdings?
Mirae Asset Diversified Equity Allocator Passive FOF's single largest disclosed holding, Mirae Asset Nifty 50 ETF, accounts for 63.9441% of NAV. Its top 5 holdings together make up 100.0% of the portfolio - as of 2026-09-30. A higher concentration in the top few names means the fund's returns lean more heavily on those specific bets paying off, while a flatter spread means no single holding drives outcomes as much either way.
Who manages Mirae Asset Diversified Equity Allocator Passive FOF, and what category does it belong to?
Mirae Asset Diversified Equity Allocator Passive FOF is managed by Mirae Asset Investment Managers (India) Pvt. Ltd and is classified under the FoF Domestic category, the SEBI-defined scheme categorization that groups funds by their investment mandate (market-cap focus, sector, or asset mix) so investors can compare like-for-like funds rather than across unrelated strategies. The AMC (asset management company) is the regulated entity legally responsible for the fund's operations, portfolio decisions, and disclosures, though day-to-day investment calls are made by a designated fund manager within the mandate set by the scheme's category and stated objective.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.