October 2, 2024
mayank
Mirae Asset Nifty LargeMidcap 250 Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Mirae Asset Nifty LargeMidcap 250 Index Fund Open Date, Close Date?
NFO opens on October 10, 2024
NFO will close on October 18, 2024
What is the Investment Strategy?
The scheme seeks to generate returns, before expenses, that are commensurate with the performance of Nifty LargeMidcap 250 Total Return Index, subject to tracking error.
Basic Details
| Fund House | Mirae Asset Mutual Fund |
| Issue Open | 10 October 2024 |
| Issue Close | 18 October 2024 |
| Type | Open-ended |
| Category | Equity: Large & MidCap |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | NIFTY Large Midcap 250 TRI |
What is the Benchmark Index of Mirae Asset Nifty LargeMidcap 250 Index Fund?
The Nifty LargeMidcap 250 reflects the performance of a portfolio of 100 large cap and 150 mid cap companies listed on NSE, represented through the Nifty 100 and the Nifty Midcap 150 index respectively. The aggregate weight of large cap stocks and mid cap stocks is 50% each and are reset on a quarterly basis.
The index can be used for a variety of purposes such as benchmarking, creation of index funds, ETFs and structured products
Index Variant: Nifty LargeMidcap 250 Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) # | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 7.32 | 26.70 | 42.37 | 24.35 | 15.60 |
| Total Return | 7.58 | 27.56 | 43.54 | 25.53 | 17.09 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 14.83 | 18.28 | 20.42 |
| Beta (NIFTY 50) | 1.02 | 0.92 | 0.91 |
| Correlation (NIFTY 50) | 0.92 | 0.95 | 0.95 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 32.24 | 4.72 | 0.92 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd. | 4.58 |
| Reliance Industries Ltd. | 3.49 |
| ICICI Bank Ltd. | 3.13 |
| Infosys Ltd. | 2.35 |
| ITC Ltd. | 1.68 |
| Bharti Airtel Ltd. | 1.60 |
| Tata Consultancy Services Ltd. | 1.52 |
| Larsen & Toubro Ltd. | 1.51 |
| Suzlon Energy Ltd. | 1.34 |
| Axis Bank Ltd. | 1.22 |
Performance Review of the Fund Managers of Mirae Asset Nifty LargeMidcap 250 Index Fund?
1) Ekta Gala
Education: Ms. Gala is a B.Com & Inter CA (IPCC)
Experience: Prior to joining Mirae Asset Mutual Fund, she has worked with ICICI Prudential Asset Management Company Ltd.
Past Performance of his Schemes
| Fund | Mirae Asset Nifty 100 ESG Sector Leaders ETF | It’s Benchmark | Mirae Asset Nifty 100 ESG Sector Leaders FoF | It’s Benchmark |
| 1 Year | 35.02 | 37.25 | 34.86 | 37.25 |
| 3 Year | 13.49 | 16.93 | 13.40 | 16.93 |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 02-10-2024
2) Vishal Singh
Education: Mr. Singh has done B.Com, CA, CFA and FRM
Experience: Prior to joining Mirae Asset Mutual Fund, he was associated with NSE Indices Ltd. and Aranca (India) Private Ltd.
Past Performance of his Schemes
| Fund | Mirae Asset Nifty Bank ETF | It’s Benchmark | Mirae Asset Nifty Financial Services ETF | It’s Benchmark |
| 1 Year | 19.44 | 20.69 | 24.35 | 20.69 |
| 3 Year | — | — | 11.41 | 13.15 |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 02-10-2024
Which Company Owns Mirae Asset Nifty LargeMidcap 250 Index Fund?
Mirae Asset Investment Managers (India) Pvt. Ltd.
Address: Unit No.606 – 6th Floor, Windsor Building – Off. CST Road, Kalina, Santacruz (East), Mumbai – 400098
Website: http://www.miraeassetmf.co.in
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Is it good to invest in Mirae Asset Nifty LargeMidcap 250 NFO?
Guidance for Mirae Asset Nifty LargeMidcap 250 Index Fund by Paresh Gordhandas, C.A., Research Analyst.
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