Mirae Asset Nifty 50 ETF - Growth
NAV as of Jun 28, 2024
254.99-0.13%
- Growth - Regular
(Earn upto 0.00% Extra Returns with Direct Plan)
Fund Category:
Equity: Large Cap
Expense Ratio:
0.04%(0.88% Category
average)Fund Size:
Rs. 2,388.15 Cr(0.51% of Investment in Category)
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Mirae Asset Nifty 50 ETF - Growth
NAV as of Jun 28, 2024
254.99-0.13%
Expense Ratio:
0.04%
Fund Size:
Rs. 2,388.15 Cr
Fund Category:
Equity: Large Cap
1. Current NAV: The Current Net Asset Value of the Mirae Asset Nifty 50 ETF as of Jun 28, 2024 is Rs 254.99 for Growth option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 26.59% (1yr), 16.48% (3yr), 16.55% (5yr) and 16.83% (since launch). Whereas, Category returns for the same time duration are: 38.41% (1yr), 18.38% (3yr) and 17.34% (5yr).
3. Fund Size: The Mirae Asset Nifty 50 ETF currently holds Assets under Management worth of Rs 2388.15 crore as on May 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.04% for Regular plan as on Jun 22, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 0. Minimum SIP investment is Rs 0.
Mirae Asset Nifty 50 ETF - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 6.74 8.09 11.23 26.59 16.48 16.55 Category Avg 6.33 10.36 17.48 38.41 18.38 17.34 Rank within Category 51 84 96 101 56 37 No. of funds within Category 163 162 156 150 107 91 - Loading...
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Return Comparison
- This Fund
- BenchmarkNIFTY 50 Total Return Index
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- Nifty 50
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Mirae Asset Nifty 50 ETF - Growth Fund Details
Investment Objective - The scheme seeks to generate returns, before expenses, that are commensurate with the performance of the Nifty 50 Index, subject to tracking error.
Fund House | Mirae Asset Mutual Fund |
Launch Date | Nov 20, 2018 |
Benchmark | NIFTY 50 Total Return Index |
Return Since Launch | 16.83% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | - |
Return Grade | - |
Mirae Asset Nifty 50 ETF - Growth Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | - |
Minimum SIP Investment (Rs.) | - |
Minimum Withdrawal (Rs.) | - |
Exit Load | 0% |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
MAY 2024 | APR 2024 | MAR 2024 | FEB 2024 | JAN 2024 | DEC 2023 | |
---|---|---|---|---|---|---|
Number of Holdings | 50 | 50 | 50 | 50 | 50 | 50 |
Top 5 Company Holdings | 38.57% | 38.91% | 39.05% | 39.45% | 39.89% | 40.28% |
Top 10 Company Holdings | 56.18% | 56.63% | 56.1% | 56.52% | 57.14% | 57.56% |
Company with Highest Exposure | HDFC Bank (11.56%) | HDFC Bank (11.48%) | HDFC Bank (11.07%) | HDFC Bank (10.97%) | HDFC Bank (11.57%) | HDFC Bank (13.52%) |
Number of Sectors | 13 | 13 | 13 | 14 | 14 | 14 |
Top 3 Sector Holdings | 59.29% | 60.12% | 59.98% | 60.51% | 60.42% | 60.69% |
Top 5 Sector Holdings | 75.34% | 75.95% | 75.71% | 76.0% | 75.91% | 76.34% |
Sector with Highest Exposure | Financial (32.79%) | Financial (33.03%) | Financial (32.17%) | Financial (31.11%) | Financial (31.7%) | Financial (33.86%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) HDFC Bank Financial 11.56 19.97 84.33 -2.31 Reliance Industries Energy 9.72 30.43 102.90 18.45 ICICI Bank Financial 7.9 18.59 64.53 19.58 Infosys Technology 5.04 24.79 63.20 21.14 Larsen & Toubro Construction 4.35 37.35 95.00 49.49 ITC Consumer Staples 3.79 25.93 16.39 0.16 TCS Technology 3.73 30.77 126.88 21.33 Bharti Airtel Communication 3.58 116.95 12.35 71.00 Axis Bank Financial 3.31 14.80 85.49 21.75 State Bank of India Financial 3.2 11.11 76.40 43.42
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Mirae Asset Nifty 50 ETF - Growth 254.99 Unrated 2,388.15 6.74 26.59 16.48 16.55 JM Large Cap Fund-Growth 159.62 191.85 5.80 45.59 21.96 19.02 UTI Nifty200 Momentum 30 Index Fund Regular - Growth 23.87 6,276.71 3.61 65.99 25.76 - Nippon India Large Cap Fund-Growth 85.90 26,925.10 6.07 39.35 24.82 19.04 ICICI Prudential Bluechip Fund-Growth 103.49 55,459.29 5.82 38.39 21.39 19.07
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Low Volatality
12.47VS13.69Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
Moderate Volatility
0.99VS0.99Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Poor risk-adjusted returns
0.71VS0.81Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Poor risk-adjusted returns
9.00VS10.71Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Poor risk-adjusted returns
-1.41VS0.30Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
14.25VS16.01Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Mirae Asset Mutual Fund News
Fund Manager
- E.G.Ekta GalaSince Dec 202019 schemes
- V.S.Vishal SinghSince Aug 202317 schemes
Ms. Gala is a B.Com & Inter CA (IPCC) Prior to joining Mirae Asset Mutual Fund, she has worked with ICICI Prudential Asset Management Company Ltd.
Mr. Singh has done B.Com, CA, CFA and FRM Prior to joining Mirae Asset Mutual Fund, he was associated with NSE Indices Ltd. and Aranca (India) Private Ltd.
More Mirae Asset Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Mirae Asset Large Cap Fund Regular- Growth | 37,631.07 | 5.61 | 9.56 | 10.95 | 24.84 | 13.99 | |
Mirae Asset Large & Midcap Fund Regular-Growth | 35,272.60 | 5.43 | 13.88 | 16.40 | 40.15 | 18.55 | |
Mirae Asset ELSS Tax Saver Fund Regular-Growth | 22,620.57 | 5.41 | 12.89 | 15.50 | 36.03 | 17.68 | |
Mirae Asset Midcap Fund Regular - Growth | 15,353.87 | 5.98 | 18.70 | 20.20 | 49.81 | 24.17 | |
Mirae Asset Liquid Fund - Growth | 11,570.11 | 0.60 | 1.85 | 3.72 | 7.27 | 5.70 | |
Mirae Asset Aggressive Hybrid Fund Regular-Growth | 8,563.76 | 5.21 | 9.53 | 12.18 | 25.59 | 13.92 | |
Mirae Asset Focused Fund Regular - Growth | 7,920.31 | 5.02 | 7.93 | 7.78 | 18.40 | 10.96 | |
Mirae Asset Great Consumer Fund Regular-Growth | 3,409.20 | 5.99 | 16.39 | 16.13 | 34.29 | 22.42 | |
Mirae Asset Multicap Fund Regular - Growth | 2,778.68 | 5.26 | 14.84 | 16.05 | - | - | |
Mirae Asset Nifty 50 ETF - Growth | 2,388.15 | 5.14 | 7.29 | 10.67 | 26.32 | 15.80 |
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1. Mirae Asset Nifty 50 ETF is Open-ended Large Cap Equity scheme which belongs to Mirae Asset Mutual Fund House.
2. The fund was launched on Nov 20, 2018.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate returns, before expenses, that are commensurate with the performance of the Nifty 50 Index, subject to tracking error. "
2. It is benchmarked against NIFTY 50 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.67% in equities, 0.0% in debts and 0.33% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 56.18% of the assets, the top 3 sectors constitute around 59.29% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Mirae Asset Nifty 50 ETF - Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
FAQs about Mirae Asset Nifty 50 ETF - Growth
- Is it safe to invest in Mirae Asset Nifty 50 ETF?As per SEBI’s latest guidelines to calculate risk grades, investment in the Mirae Asset Nifty 50 ETF comes under Very High risk category.
- What is the category of Mirae Asset Nifty 50 ETF?Mirae Asset Nifty 50 ETF belongs to the Equity : Large Cap category of funds.
- How Long should I Invest in Mirae Asset Nifty 50 ETF?The suggested investment horizon of investing into Mirae Asset Nifty 50 ETF is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Mirae Asset Nifty 50 ETF?The Mirae Asset Nifty 50 ETF is managed by Ekta Gala (Since Dec 28, 2020) and Vishal Singh (Since Aug 28, 2023).
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