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) 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 February 29, 2024 | 34.49 |
| Net AUM (₹ Cr.) | 58.05 |
| Tracking Error Value~ ~Since Inception Tracking Error is |
0.19% |
| Monthly Total Expense Ratio (Including Statutory Levies) as on February 29, 2024 | 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. |
|
| ₹ 461.3518 (Per Unit) |
Mirae Asset Capital Markets (India) Private Limited
East India Securities Limited
Kanjalochana Finserve Private Limited
Parwati Capital Market Private Limited
| Portfolio Holdings | % Allocation |
Banks |
|
HDFC Bank Ltd |
25.27% |
ICICI Bank Ltd |
24.95% |
State Bank of India |
12.04% |
Axis Bank Ltd |
10.09% |
Kotak Mahindra Bank Ltd |
9.19% |
IndusInd Bank Ltd |
6.21% |
Bank of Baroda |
3.15% |
Punjab National Bank |
2.31% |
The Federal Bank Limited |
2.14% |
IDFC First Bank Limited |
1.97% |
AU Small Finance Bank Limited |
1.75% |
Bandhan Bank Limited |
0.94% |
Equity Holding Total |
100.01% |
Cash & Other Receivables Total |
-0.01% |
Total |
100.00% |
| Returns (in%) | |||||
| 6 Months (Annualized) | Since inception (Annualized) | Value of 10000 invested Since Inception (in Rs.) | |||
| Mirae Asset Nifty Bank ETF | 9.85% |
-0.18% |
9,989 |
||
| Scheme Benchmark* | 9.96% |
0.14% |
10,009 |
||
| Additional Benchmark** | 29.23% |
17.44% |
11,037 |
||
| NAV as on 29th February, 2024 | ₹ 461.3518 | ||||
| Index Value (29th February, 2024) | Index Value of benchmark is 63,247.50 and Nifty 50 Index (TRI) is 32,360.25 |
||||
| Allotment Date | 20th July, 2023 | ||||
| Scheme Benchmark | *Nifty Bank (TRI) | ||||
| Additional Benchmark | **Nifty 50 Index (TRI) | ||||
Fund manager : Ms.Ekta Gala & Mr. Vishal Singh managing the scheme since July 20, 2023 & (w.e.f August 28, 2023) respectively.
Note: Returns below or for 1 year are absolute returns, returns above 1 year are CAGR- Compounded Annualized Growth returns.
Latest available NAV has been taken for return calculation wherever applicable
Past Performance may or may not be sustained in future.Note : For computation of since inception returns (%) the allotment NAV has been taken as ₹ 73.4427. 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*
• 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