MIRAE ASSET
NIFTY BANK ETF$ (NSE Symbol: BANKETF, BSE Code: 543944)
(An open-ended scheme replicating/tracking Nifty Bank Total Return Index)
| Type of Scheme | An open-ended scheme replicating/tracking Nifty Bank Total Return Index |
| Investment Objective | The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty Bank Total Return Index, subject to tracking error. There is no assurance or guarantee that the investment objective of the scheme would be achieved. |
Fund Manager** |
Ms. Ekta Gala (since July 20, 2023) |
| Allotment Date | 20th July 2023 |
| Benchmark Index | Nifty Bank Index (TRI) |
| Minimum Investment Amount^ |
Market Maker: Application for subscription of Units directly with the Fund in Creation Unit Size at NAV based prices in exchange of Portfolio Deposit and Cash Component. Large Investors: Minimum amount of ₹25 crores for transacting directly with the AMC. Other investors (including Market Maker, Large Investors and Regulated Entities): Units of the Scheme can be subscribed (in lots of 1 Unit) during the trading hours on all trading days on the NSE and BSE on which the Units are listed. On exchange In multiple of 1 units Directly with AMC In multiple of 10,000 units |
Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019) |
NA |
| Load Structure | Entry load: NA Exit load: NIL |
| Plans Available Options Available |
The Scheme does not offer any Plans/Options for investment |
| Monthly Average AUM (₹ Cr.) as on July 31, 2023 | 7.41 |
| Net AUM (₹ Cr.) | 20.43 |
| Tracking Error Value~ ~1 Year Tracking Error is |
0.01% |
| Monthly Total Expense Ratio (Including Statutory Levies) as on July 31, 2023 | 0.09% |
| **For experience of Fund Managers Click Here ^The said threshold limit shall not be applicable to the below mentioned investors and the AMC will allow direct transactions in ETF in Creation Unit size for below mentioned category of investors until October 31, 2023:- 1. Schemes managed by Employee Provident Fund Organisation, India. 2. Recognized Provident Funds, Approved Gratuity Funds and Approved Superannuation Funds under Income Tax Act, 1961. |
|
| ₹ 455.8420 (Per Unit) |
| Portfolio Holdings | % Allocation |
| Banks | |
| HDFC Bank Limited | 28.41% |
| ICICI Bank Limited | 24.04% |
| State Bank of India | 9.89% |
| Kotak Mahindra Bank Limited | 9.40% |
| Axis Bank Limited | 9.35% |
| IndusInd Bank Limited | 6.74% |
| Bank of Baroda | 2.75% |
| AU Small Finance Bank Limited | 2.56% |
| The Federal Bank Limited | 2.33% |
| IDFC First Bank Limited | 1.98% |
| Punjab National Bank | 1.34% |
| Bandhan Bank Limited | 1.21% |
| Equity Holding Total | 99.99% |
| Cash & Other Receivables Total | 0.01% |
| Total | 100.00% |
Mirae Asset Capital Markets (India) Private Limited
East India Securities Limited
Kanjalochana Finserve Private Limited
Parwati Capital Market Private Limited$
$Pursuant to notice cum addendum no. 32/2023, addition of Parwati Capital Market Private Limited as Market Maker for all existing ETFs as well ETFs which shall be launched by Mirae Asset Mutual Fund Kanjalochana Finserve Private Limited
This product is suitable for investors who are seeking*
• Returns that commensurate with performance of Nifty Bank Total Return Index, subject to tracking error over long term
• Investments in equity securities covered by Nifty Bank Total Return Index
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
Live iNav is updated on Mirae Asset Mutual Fund website
NSE Symbol :BANKETF
BSE Code:543944
Bloomberg Code:BANKETF IN Equity
Reuters Code: MIRA.NS
$Pursuant to clause 13.2.2 of SEBI master circular dated May 19, 2023, the scheme is in existence for less than 6 months
