February 24, 2025
mayank
Mirae Asset BSE Select IPO ETF FoF 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
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Mirae Asset BSE Select IPO ETF FoF Open Date, Close Date?
NFO opens on February 25, 2025
NFO will close on March 11, 2025
Investment Strategy for this NFO?
The scheme seeka to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset BSE Select IPO ETF. The Scheme does not guarantee or assure any returns.
Basic Details
| Fund House | Mirae Asset Mutual Fund |
| Issue Open | 25 February 2025 |
| Issue Close | 11 March 2025 |
| Type | Open-ended |
| Category | Equity: Thematic |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0.05% for redemption within 15 days |
| Riskometer | Very High |
| Benchmark | BSE Select IPO TRI |
About Benchmark Index for this NFO?
BSE Select IPO index measures the performance of newly listed stocks on the BSE either through an IPO or spin off/demerger process. The stocks are included in the index based on their full market capitalization, liquidity and should have a minimum listing history of 3 months.
Methodology:
1. The Index should have a minimum count of 20 stocks and a maximum of 100 stocks.
2. For Day 1 inclusion in the Index, the Index Universe is drawn from the list of IPOs and Spin-offs/demergers listed between 2011 and 2014.
3. Stocks must have a listing history of at least three months on the BSE as of the rebalancing reference date.
For complete details please view the Methodology document at
https://www.asiaindex.co.in/Downloads/BSE_Select_IPO_Index_Methodology.pdf
Quick Facts
| Launch Date | 18th November 2024 |
| First Vlaue Date | 30th May 2014 |
| Base Value | 1000 |
| Number of Constituents | 51 |
| Reconstitution Frequecy | Quarterly in March, June, September, December |
| Weighting Method | Capped Float-adjusted market cap weighted |
| Index Universe | For Day 1 inclusion in the Index, the Index Universe is drawn from the list of IPOs and Spinoffs/demergers listed between 2011 and 2014. |
| Calculation Currencies | INR, USD |
Fund Managers of Mirae Asset BSE Select IPO ETF FoF
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.
2) Akshay Udeshi
Education: Mr. Udeshi has done B.E (Electronics) and MBA (Finance)
Experience: Prior to joining Mirae Asset Mutual Fund, he was assocaited with Reliance Retail Ltd. and L&T Financial Services
AMC
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/
Review for Mirae Asset BSE Select IPO ETF FoF @ sahifund.com by Paresh Gordhandas, C.A., Research Analyst
[ A ] Benchmark Performance of BSE Select IPO TRI
Performance
| INDEX LEVEL | RETURNS | ANNUALIZED RETURNS | ||||||
| 1 MO | 3 MOS | YTD* | 1 YR | 3 YRS | 5 YRS | 10 YRS | ||
| TOTAL RETURNS | 4841.82 | -11.98% | -8.21% | -11.98% | 9.64% | 13.11% | 19.29% | 12.25% |
| PRICE RETURNS | 4407.70 | -11.99% | -8.27% | -11.99% | 9.27% | 12.60% | 18.75% | 11.38% |
Risk
| Index Level | Annualised Risk | ANNUALIZED RISK-ADJUSTED RETURNS | ||||||
| 1 YRS | 3 YRS | 5 YRS | 10 YRS | 1 YRS | 3 YRS | 5 YRS | 10 YRS | |
| Total Returns | 18.09% | 18.35% | 25.62% | 22.88% | 0.53 | 0.71 | 0.75 | 0.54 |
| Price Returns | 18.07% | 18.34% | 25.64% | 22.90% | 0.51 | 0.68 | 0.73 | 0.5 |
Fundamentals
| PE | PB | DIV. YIELD% |
| 64 | 5.82 | 0.33 |
| NUMBER OF CONSTITUENTS | – |
| CONSTITUENT MARKET CAP [INR CRORE] | |
| MEAN TOTAL MARKET CAP | 54374.08 |
| LARGEST TOTAL MARKET CAP | 534715.33 |
| SMALLEST TOTAL MARKET CAP | 7230.41 |
| MEDIAN TOTAL MARKET CAP | 25474.01 |
| WEIGHT LARGEST CONSTITUENT [%] | 5.46 |
| WEIGHT TOP 10 CONSTITUENTS [%] | 42.52 |
Note on Benchmark Performance:
The scheme seeka to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset BSE Select IPO ETF. BSE Select IPO index measures the performance of newly listed stocks on the BSE either through an IPO or spin off/demerger process. The stocks are included in the index based on their full market capitalization, liquidity and should have a minimum listing history of 3 months.
So wwe have to understand that this fund will invest in a scrip after listing of about 3 months. so the chances of huge returns which we expect in NFOs may not be achieved in this fund.
[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Ekta Gala
| Fund | Mirae Asset Nifty 50 ETF | It’s Benchmark | Mirae Asset Nifty Next 50 ETF | It’s Benchmark |
| 1 Year | 4.55 | 4.92 | 4.22 | 4.92 |
| 3 Year | 11.06 | 12.45 | 15.25 | 12.45 |
| 5 Year | 14.71 | 15.82 | 16.48 | 15.82 |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 24-2-2025
Past Performance of Akshay Udeshi
| 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 | 4.24 | 4.92 | 4.07 | 4.92 |
| 3 Year | 9.65 | 12.45 | 9.11 | 12.45 |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 24-2-2025
Note on Fund Managers’ performance
As you know, the Fund managers are like pilots navigating through both turbulent and calm skies. Their ability to manage the fund effectively during both challenging and favorable times is key. Therefore, analyzing the historical performance of fund managers is important to gauge their future potential. This NFO will have 2 fund managers and both of them have not so impressive performance in the randomly selected schemes.
[ C ] Conclusion
Taking into account the two factors mentioned above, along with the current dynamics of the capital market and the low response that NFOs are receiving at present, we recommend a wait-and-watch approach towards this NFO.
Is it good to invest in Mirae Asset BSE Select IPO ETF FoF NFO?
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