MIRAE ASSET
NIFTY FINANCIAL SERVICES ETF - (NSE Symbol : MAFSETF, BSE Code: 543323)
(An open-ended scheme replicating/tracking Nifty Financial Services Total Return Index)
| Type of Scheme | An open-ended scheme replicating/tracking Nifty Financial Services 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 Financial Services Total Return Index, subject to tracking error. The Scheme does not guarantee or assure any returns |
Fund Manager** |
Ms. Ekta Gala (since July 30, 2021) |
| Allotment Date | 30th July 2021 |
| Benchmark Index | Nifty Financial Services 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 3,00,000 units) |
Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019) |
NA |
| Load Structure | Entry load: NA Exit load: For Creation Unit Size: No Exit load will be levied on redemptions made by Authorized Participants / Large Investors directly with the Fund in Creation Unit Size. For other than Creation Unit Size: Not Applicable -The Units of MAFSETF in other than Creation Unit Size cannot ordinarily be directly redeemed with the Fund. These Units can be redeemed (sold) on a continuous basis on the Exchange(s) where it is listed during the trading hours on all trading days. |
| Plans Available Options Available |
The Scheme does not offer any Plans/Options for investment |
| Monthly Average AUM (₹ Cr.) as on July 31, 2023 | 251.94 |
| Net AUM (₹ Cr.) | 258.67 |
| Tracking Error Value~ ~1 Year Tracking Error is |
0.11% |
| Monthly Total Expense Ratio (Including Statutory Levies) as on July 31, 2023 | 0.12% |
| **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. |
|
| ₹ 20.6294 (Per Unit) |
Mirae Asset Capital Markets (India) Private Limited
East India Securities 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
| Portfolio Holdings | % Allocation |
| Banks | |
| HDFC Bank Limited | 32.00% |
| ICICI Bank Limited | 21.48% |
| Kotak Mahindra Bank Limited | 8.39% |
| Axis Bank Limited | 8.26% |
| State Bank of India | 7.52% |
| Finance | |
| Bajaj Finance Limited | 6.15% |
| Bajaj Finserv Limited | 2.74% |
| Shriram Finance Limited | 1.59% |
| Cholamandalam Investment and Finance Company Ltd | 1.41% |
| Power Finance Corporation Limited | 0.96% |
| REC Limited | 0.79% |
| SBI Cards and Payment Services Limited | 0.79% |
| Muthoot Finance Limited | 0.46% |
| LIC Housing Finance Limited | 0.40% |
| Insurance | |
| HDFC Life Insurance Company Limited | 2.20% |
| SBI Life Insurance Company Limited | 1.83% |
| ICICI Lombard General Insurance Company Limited | 1.12% |
| ICICI Prudential Life Insurance Company Limited | 0.71% |
| Capital Markets | |
| HDFC Asset Management Company Limited | 0.63% |
| Indian Energy Exchange Limited | 0.29% |
| Equity Holding Total | 99.74% |
| Cash & Other Receivables Total | 0.26% |
| Total | 100.00% |
| Returns (in%) | ||||
| 1 Yr | SI | |||
| MAFSETF | 17.51% |
11.90% |
||
| Scheme Benchmark* | 17.56% |
12.04% |
||
| Additional Benchmark** | 16.93% |
13.83% |
||
| NAV as on 31st July, 2023 | ₹ 20.6294 | |||
| Index Value (31st July, 2023) | Index Value of benchmark is 25,238.42 and S&P BSE Sensex (TRI) is 1,01,480.37 |
|||
| Allotment Date | 30th July, 2021 | |||
| Scheme Benchmark | *Nifty Financial Services Index (TRI) | |||
| Additional Benchmark | **S&P BSE Sensex (TRI) | |||
Fund manager : Ms. Ekta Gala managing the scheme since July 30, 2021.
Note: Returns below or for 1 year are absolute returns, returns above 1 year are CAGR- Compounded Annualized Growth returns.
Past Performance may or may not be sustained in future.
Note : For computation of since inception returns (%) the allotment NAV has been taken as ₹16.4690. The performance of other funds managed by the same fund manager is given in the respective page of the schemes 
Different Plans under the scheme has different expense structure. The reference and details provided here in are of Regular Plan - Growth Option
This product is suitable for investors who are seeking*
• Return that are commensurate with the performance of Nifty Financial Service Total return Index,subject to tracking error over long term
• Investments in equity securities covered by Nifty Financial Services 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 : MAFSETF
BSE Code: 543323
Bloomberg Code: MAFSETF IN Equity
Reuters Code: MIRA.NS