🎗️ India’s current account deficit (CAD) has been improving since Q2 of FY23.
🎗️ FII flows continue to be positive till date.
🎗️ India’s share in the world GDP growth has almost doubled in the past 20 years with GDP of USD 0.6 tn in 2003 to USD 3.4 tn in 2022.
🎗️ Purchasing power has increased tremendously which has improved the spending and consumption behaviour.
🎗️ While the Corporate Debt to GDP has been continuously decreasing since 2020, Corporate profit is increasing steadily since 2019.
🎗️ Geopolitically, India stands to benefit from good relationship with some powerful economies.
🎗️ While markets have rebounded from recent lows and hit all-time highs, valuations across market segments are still palatable on FY24 and FY25 earnings basis.
🎗️ Given the robust macro environment, we continue to remain constructive on equities and believe India is on the cusp of achieving robust growth over the next few years.
🎗️ While domestic macro gives support at a broader level, at a sectoral level several financials, select autos and pharma businesses are trading at a discount to their historical average valuations.
What Mirae Asset Multicap Fund aims to deliver:
🛺 A core portfolio equity fund for long term goals.
🛺 Diversification of large & non-large ideas with the aim of growth and stability of varying investment ideas.
🛺 A fixed allocation vehicle – irrespective of fund size, the large cap & non-large cap allocation remains in a tight band.
🛺 The fund aims to have 75% of portfolio in Growth & 25% in Deep Value.
🛺 Balanced investment experience.
🎨 Reasons Why Investors should consider investing in Mirae Asset Multicap Fund:
📍 15 Years of Track Record:
Mirae Asset Mutual Fund comes with a strong pedigree of investment expertise and track record of managing investments.
📍 Bottom-up approach:
Fair mix of high conviction Value & Growth Ideas across market segment.
📍 Unbiased Flavor:
Size doesn’t overpower allocation. Thus, compulsory participation in large and non-large.
📍 One stop solution: Single fund to invest in all three market caps.
📍 Counter balancing approach: Volatility management by Large Cap portion & significant upside growth by Mid & Small Cap portion.
Source: IMF, Latest Data as on 30th June 2023, Mutual Fund investments are subject to market risks, read all scheme related documents carefully.