Mirae Asset Nifty 100 ESG Sector Leaders ETF

The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the NIFTY 100 ESG Sector Leaders TRI (Total Return Index), subject to tracking error. The Scheme does not guarantee or assure any returns.

The fund shall invest minimum 95% of its assets in securities included in the NIFTY 100 ESG Sector Leaders Index. The fund can also invest upto 5% of its assets in money market instruments / debt securities, Instruments and/or units of debt/liquid schemes of domestic Mutual Funds.

The Mirae Asset Nifty 100 ESG Sector Leaders ETF will be managed passively with investments in stocks in a proportion that match as close as possible to the weights of these stocks in Nifty100 ESG Sector Leaders Index.

All stocks forming part of Nifty100 at the time of review are eligible to be the part of this index (June and December) and only ordinary equity shares will be considered. The companies shall be excluded on the following parameters-

• Companies with ‘ESG risk score’ greater than or equal to 40, which are categorised as ‘severe’
• Companies whose ‘ESG risk score’ is greater than the ‘Global Subindustry Average ESG risk score’
• Companies which derive 25% or more of their revenues from cigarettes, breweries, weapon, gambling, and nuclear power or any revenue from 'controversial weapons' subject to the company disclosures made under segment revenue break up in its annual report

The stocks within the eligible universe are ranked in the ascending order of their ESG risk rating within their respective sectors. “Bank” and “BFSI ex Bank” are considered different sectors. Post this, the stocks are selected from the ranked universe until the 75% coverage by cumulative weight of six month average free-float market capitalisation of the eligible stocks within the sector is reached.

Though every endeavour will be made to achieve the objective of the Scheme, the AMC/Sponsors/Trustee does not guarantee that the investment objective of the Scheme will be achieved. No guaranteed returns are being offered under the Scheme.

NIFTY100 ESG Sector Leaders Index (TRI index) is the Benchmark for this fund.

Yes, being an ETF, demat account is mandatory for the investors to invest in this fund.

Suggested investment tenure is 3 years +.

The risk profile of Mirae Asset Nifty 100 ESG Sector Leaders ETF is ‘Moderately High’. Investors should understand that their principal will be at Moderately High risk.

The Scheme does not offer any Plans or Options for investment in this fund.