MIRAE ASSET
NIFTY BANK ETF$ (NSE Symbol: BANKETF, BSE Code: 543944)

(An open-ended scheme replicating/tracking Nifty Bank Total Return Index)
Details as on November 30, 2023
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)
Mr. Vishal Singh
(since August 28, 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 November 30, 2023 37.89
Net AUM (₹ Cr.) 31.52
Tracking Error Value~
~1 Year Tracking Error is
0.24%
Monthly Total Expense Ratio (Including Statutory Levies) as on November 30, 2023 0.09%
**For experience of Fund Managers Click Here
^The applicability of said threshold limit for all investors (other than Market Makers) has been extended for the below categories of investors till April 30, 2024:-
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.
₹ 445.0293 (Per Unit)
Portfolio Holdings % Allocation
Banks  
HDFC Bank Limited 29.70%
ICICI Bank Limited 22.79%
Axis Bank Limited 10.37%
Kotak Mahindra Bank Limited 9.74%
State Bank of India 9.30%
IndusInd Bank Limited 6.43%
Bank of Baroda 2.47%
AU Small Finance Bank Limited 2.40%
The Federal Bank  Limited 2.33%
IDFC First Bank Limited 1.81%
Punjab National Bank 1.55%
Bandhan Bank Limited 1.13%
Equity Holding Total 100.02%
Cash & Other Receivables Total -0.02%
Total 100.00%

Mirae Asset Capital Markets (India) Private Limited
East India Securities Limited
Kanjalochana Finserve Private Limited
Parwati Capital Market 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

Past Performance may or may not be sustained in future. Note :
$Pursuant to clause 13.2.2 of SEBI master circular dated May 19, 2023, the scheme is in existence for less than 6 months