MIRAE ASSET
NIFTY 50 ETF - (NSE Symbol : NIFTYETF, BSE Code: 542131)
(An open ended scheme replicating/tracking Nifty 50 Index)
| Type of Scheme | An open ended scheme replicating/tracking Nifty 50 Index |
| Investment Objective | The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty 50 Index, subject to tracking error. The Scheme does not guarantee or assure any returns. |
Fund Manager** |
<Ms. Ekta Gala (since December 28, 2020) Mr. Vishal Singh (since August 28, 2023) |
| Allotment Date | 20th November, 2018 |
| Benchmark Index | Nifty 50 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 or Market Maker (in multiple of 50,000 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 Market Makers / Large Investors directly with the Fund in Creation Unit Size.For other than Creation Unit Size: Not Applicable -The Units of MAN 50 ETF 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 February 29, 2024 | 2,143.95 |
| Net AUM (₹ Cr.) | 2,172.35 |
| Tracking Error Value~ ~1 Year Tracking Error is |
0.04% |
| Monthly Total Expense Ratio (Including Statutory Levies) as on February 29, 2024 | 0.05% |
| **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. |
|
| ₹ 232.2860 (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 |
10.97% |
ICICI Bank Ltd |
7.68% |
Axis Bank Ltd |
3.10% |
State Bank of India |
2.99% |
Kotak Mahindra Bank Ltd |
2.58% |
IndusInd Bank Ltd |
1.01% |
IT - Software |
|
Infosys Ltd |
6.21% |
Tata Consultancy Services Ltd |
4.31% |
HCL Technologies Limited |
1.83% |
Tech Mahindra Limited |
0.83% |
Wipro Ltd |
0.76% |
LTIMindtree Limited |
0.51% |
Petroleum Products |
|
Reliance Industries Ltd |
10.28% |
Bharat Petroleum Corporation Limited |
0.60% |
Automobiles |
|
Mahindra & Mahindra Limited |
1.80% |
Tata Motors Limited |
1.74% |
Maruti Suzuki India Ltd |
1.55% |
Bajaj Auto Limited |
0.93% |
Hero MotoCorp Limited |
0.60% |
Eicher Motors Ltd |
0.54% |
Diversified FMCG |
|
ITC Ltd |
3.74% |
Hindustan Unilever Ltd |
2.24% |
Construction |
|
Larsen & Toubro Ltd |
4.28% |
Pharmaceuticals & Biotechnology |
|
Sun Pharmaceutical Industries Ltd |
1.77% |
Dr. Reddy's Laboratories Ltd |
0.81% |
Cipla Limited |
0.81% |
Divi's Laboratories Ltd |
0.46% |
Power |
|
NTPC Ltd |
1.66% |
Power Grid Corporation of India Ltd |
1.34% |
Telecom - Services |
|
Bharti Airtel Ltd |
2.96% |
Consumer Durables |
|
Titan Company Ltd |
1.57% |
Asian Paints Ltd |
1.32% |
Finance |
|
Bajaj Finance Limited |
1.88% |
Bajaj Finserv Limited |
0.90% |
Cement & Cement Products |
|
UltraTech Cement Limited |
1.19% |
Grasim Industries Ltd |
0.84% |
Ferrous Metals |
|
Tata Steel Ltd |
1.21% |
JSW Steel Limited |
0.79% |
Food Products |
|
Nestle India Limited |
0.96% |
Britannia Industries Ltd |
0.61% |
Insurance |
|
SBI Life Insurance Company Limited |
0.73% |
HDFC Life Insurance Company Ltd |
0.64% |
Oil |
|
Oil & Natural Gas Corporation Limited |
1.07% |
Consumable Fuels |
|
Coal India Ltd |
1.04% |
Transport Infrastructure |
|
Adani Ports and Special Economic Zone Limited |
1.01% |
Metals & Minerals Trading |
|
Adani Enterprises Limited |
0.90% |
Agricultural Food & other Products |
|
Tata Consumer Products Limited |
0.78% |
Non - Ferrous Metals |
|
Hindalco Industries Limited |
0.77% |
Healthcare Services |
|
Apollo Hospitals Enterprise Limited |
0.64% |
Fertilizers & Agrochemicals |
|
UPL Limited |
0.25% |
Equity Holding Total |
99.97% |
Cash & Other Receivables |
0.03% |
Total |
100.00% |
| Returns (in%) | |||||
| 1 Year | 3 Years | 5 years | Since inception | Value of 10000 invested Since Inception (in Rs.) | |
| Mirae Asset Nifty 50 ETF | 28.45% |
16.09% |
16.53% |
15.91% |
21,803 |
| Scheme Benchmark* | 28.49% |
16.16% |
16.66% |
16.04% |
21,933 |
| NAV as on 29th February, 2024 | ₹ 232.2860 | ||||
| Index Value (29th February, 2024) | Index Value of benchmark is 32,360.25 |
||||
| Allotment Date | 20th November, 2018 | ||||
| Scheme Benchmark | *Nifty 50 Index (TRI) | ||||
Fund manager : Ms. Ekta Gala & Mr. Vishal Singh managing the scheme since December 28, 2020 & (w.e.f August 28, 2023).
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 ₹ 106.562. 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 are commensurate with the performance of the NIFTY 50, subject to tracking errors over long term
• Investment in equity securities covered by the NIFTY 50
*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 : NIFTYETF
BSE Code: 542131
Bloomberg Code: NIFTYETF IN Equity
Reuters Code: MIRA.NS