Mirae Asset Great Consumer Fund
Direct · GrowthAI Summary
Mirae Asset Great Consumer Fund has delivered an SIP XIRR of 18.74% over 5 years and 18.24% over 10 years, comfortably beating category averages of 16.76% and 17.49% respectively. The 3-year XIRR of 17.67% also outpaces the category's 16.33%, though the 1-year XIRR of 9.81% lags the category average of 11.57%. Long-term consistency is strong, with 12-year XIRR of 17.24% versus the category's 16.98%.
The fund shows a very shallow maximum drawdown of just -0.35% with a 66-day drawdown duration and 242-day recovery, indicating low downside severity historically. However, 8 drawdown events exceeding 10% have occurred over the fund's history, pointing to periodic deeper corrections. Calmar ratios are stable around 0.49-0.51 across all time horizons, suggesting consistent risk-adjusted performance.
No individual holdings or sector allocation data has been provided for this analysis, so portfolio-level concentration cannot be assessed. As a thematic consumer-sector fund, it invests across consumption-linked sectors such as autos, retail, and FMCG, which inherently limits diversification compared to diversified equity funds. Investors should review the latest factsheet for current top holdings before investing.
The fund beats the category average SIP XIRR across 3, 5, 7, 10, and 12-year horizons, with the widest lead of about 2 percentage points in the 5-year period (18.74% vs 16.76%). Its only underperformance is the recent 1-year window, where it trails the category by 1.76 percentage points, suggesting recent consumption-sector weakness. The multi-decade record of outperformance indicates sustained competitive strength among thematic peers.
This fund suits investors with a high risk tolerance and a long time horizon of 5 to 7 or more years, given its thematic concentration and volatile calendar-year returns ranging from +52.95% (2017) to -5.86% (2026). It is appropriate as a satellite allocation within a broader diversified portfolio rather than a core holding. Investors uncomfortable with multi-year consumption cycles should avoid or limit exposure.
- Consistent long-term outperformance versus category, with 5-year SIP XIRR of 18.74% against a category average of 16.76% and 10-year XIRR of 18.24% versus 17.49%
- Low cost structure with a direct-plan expense ratio of 0.44%, aiding long-term compounding
- Stable Calmar ratios of roughly 0.49-0.51 across 1 to 12-year horizons, reflecting consistent risk-adjusted returns
- Recent underperformance, with 1-year XIRR of 9.81% trailing the category average of 11.57% and a -5.86% calendar-year return in 2026
- Thematic concentration in consumer sectors makes returns cyclical, as shown by volatile calendar-year outcomes including 52.95% in 2017 and negative returns in 2016 and 2026
Generated on 04-11-2026, 3:00 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.97 L | 19.7% | -50.9% | 76.0% |
| 3 Years | ₹36.00 L | ₹46.59 L | 17.6% | -15.6% | 38.2% |
| 5 Years | ₹60.00 L | ₹93.59 L | 17.9% | -2.0% | 32.2% |
| 7 Years | ₹84.00 L | ₹1.59 Cr | 17.8% | 4.3% | 26.5% |
| 10 Years | ₹1.20 Cr | ₹3.13 Cr | 18.2% | 13.8% | 23.0% |
| 12 Years | ₹1.44 Cr | ₹4.45 Cr | 17.3% | 14.3% | 20.3% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | Category avg |
|---|---|---|
| 1 Year | 19.7% | 11.6% |
| 3 Years | 17.6% | 16.3% |
| 5 Years | 17.9% | 16.8% |
| 7 Years | 17.8% | 16.7% |
| 10 Years | 18.2% | 17.5% |
| 12 Years | 17.3% | 17.0% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 19.0% | 15.7% | -26.0% | 80.6% | 0.69 | 2.55 | 88% | — | — |
| 3 Years | 18.1% | 18.4% | 1.3% | 33.2% | 2.19 | 31.79 | 100% | — | — |
| 5 Years | 18.0% | 18.5% | 3.8% | 29.0% | 2.61 | 109.85 | 100% | — | — |
| 10 Years | 18.0% | 17.8% | 14.9% | 20.3% | 8.32 | — | 100% | — | — |