September 20, 2023
RA Jainee
Mirae Asset BSE Sensex ETF Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
NFO opens on September 22, 2023
NFO will close on September 26, 2023
(Our detailed Guidance is given at the bottom of the Page)Â
Mirae Asset S&P BSE Sensex ETF NFO Investment Strategy
The scheme seeks to generate returns, before expenses, that are commensurate with the performance of the S&P BSE Sensex Total Return Index, subject to tracking error. There is no assurance or guarantee that the investment objective of the scheme would be achieved.
Basic Details
| Fund House | Mirae Asset Mutual Fund |
| Issue Open | 22 September 2023 |
| Issue Close | 26 September 2023 |
| Type | Open-ended |
| Category | Equity: Large Cap |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | S&P BSE Sensex TRI |
Benchmark Index of Mirae Asset S&P BSE Sensex ETF NFO
The S&P BSE SENSEX is India’s most tracked bellwether index. It is designed to measure the performance of the 30 largest, most liquid and financially sound companies across key sectors of the Indian economy that are listed at BSE Ltd.
Index Attributes:
The index represents large-cap companies listed at BSE Ltd. and is calculated based on a float-adjusted market-cap-weighted methodology. Widely used as both a benchmark and an investable index, the S&P BSE SENSEX has a long history of more than 30 years and covers more than 40% of total market cap of the listed universe at BSE Ltd. The index generally attempts to maintain index sector weights that are broadly in line with the overall market.
Quick Facts
| WEIGHTING METHOD | Float-adjusted market cap weighted |
| REBALANCING FREQUENCY | Semiannually in June and December |
| CALCULATION FREQUENCY | Real time |
| CALCULATION CURRENCIES | INR, USD |
| LAUNCH DATE | January 1, 1986 |
| FIRST VALUE DATE | April 3, 1979 |
Performance
| INDEX LEVEL | RETURNS | ANNUALIZED RETURNS | ||||||
| 1 MO | 3 MOS | YTD | 1 YR | 3 YRS | 5 YRS | 10 YRS | ||
| TOTAL RETURNS | 99,117.59 | -2.33% | 4.1% | 7.77% | 10.34% | 20.3% | 12.25% | 14.77% |
| BENCHMARK* TOTAL RETURNS | 33,722.38 | -0.61% | 7.73% | 10.31% | 11.34% | 23.31% | 12.56% | 16.44% |
| PRICE RETURNS | 64,831.41 | -2.55% | 3.53% | 6.56% | 8.89% | 18.84% | 10.9% | 13.29% |
| BENCHMARK* PRICE RETURNS | 26,848.76 | -0.81% | 7.14% | 9.12% | 9.87% | 21.71% | 11.12% | 14.94% |
Calendar Year Performance
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
| TOTAL RETURNS | 5.8% | 23.23% | 17.16% | 15.66% | 7.23% | 29.56% | 3.47% | -3.68% | 31.87% | 10.7% |
| BENCHMARK* TOTAL RETURNS | 4.77% | 31.63% | 18.41% | 8.98% | -1.81% | 37.6% | 5.15% | 0.45% | 38.93% | 4.93% |
| PRICE RETURNS | 4.44% | 21.99% | 15.75% | 14.38% | 5.91% | 27.91% | 1.95% | -5.03% | 29.89% | 8.98% |
| BENCHMARK* PRICE RETURNS | 3.34% | 30.11% | 16.8% | 7.75% | -3.08% | 35.94% | 3.78% | -0.82% | 36.96% | 3.25% |
Risk of Mirae Asset S&P BSE Sensex ETF NFO
| ANNUALIZED RISK | ANNUALIZED RISK-ADJUSTED RETURNS | |||||
| 3 YRS | 5 YRS | 10 YRS | 3 YRS | 5 YRS | 10 YRS | |
| STD DEV | 14.47% | 18.9% | 16.37% | 1.4 | 0.65 | 0.9 |
| BENCHMARK* STD DEV | 14.45% | 19.48% | 16.94% | 1.61 | 0.64 | 0.97 |
Fundamentals
| P/E [TRAILING] | P/E [PROJECTED] | P/B | INDICATED DIV YIELD | P/SALES | P/CASH FLOW |
| 23.61 | 20.29 | 3.6 | 1.26% | 3.27 | -12.74 |
Index Characteristics
| NUMBER OF CONSTITUENTS | 31 |
| CONSTITUENT MARKET CAP [INR CRORE] | |
| MEAN TOTAL MARKET CAP | 410,375.12 |
| LARGEST TOTAL MARKET CAP | 1,628,414.19 |
| SMALLEST TOTAL MARKET CAP | 106,821.34 |
| MEDIAN TOTAL MARKET CAP | 299,786.78 |
| WEIGHT LARGEST CONSTITUENT [%] | 15.3 |
| WEIGHT TOP 10 CONSTITUENTS [%] | 66.9 |
Study about Benchmark Index in details -1
Study about Benchmark Index in details – 2
Fund Manager of Mirae Asset S&P BSE Sensex ETF NFO
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 50 ETF | It’s Benchmark | Mirae Asset Nifty Next 50 ETF | It’s Benchmark |
| 1 Year | 15.89 | 15.65 | 4.54 | 15.65 |
| 3 Year | 21.89 | 22.58 | 18.93 | 22.58 |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
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
NIL
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: www.karvymfs.com
Guidance for Mirae Asset S&P BSE Sensex ETF NFO by Paresh Gordhandas, C.A., Research Analyst.
Fund Houses want to keep on launching new funds and to do that they have to employ new Fund Managers. Many a times it happens that a person with almost no experience is managing huge funds. Investors rely on the name of the Fund House , Mirae in this case, which has a very good track record. But do not look into the Fund Manager’s past performance or experience.
Since this is an ETF, stock picking does not assume much importance and hence Fund Manager’s past performance can be ignored to an extent. The benchmark for this Fund is the S&P BSE SENSEX.
This fund can be compared to the HDFC S&P BSE Sensex ETF, SBI S&P BSE Sensex ETF , ICICI Prudential S&P BSE Sensex ETF etc.
A Sensex ETF is a good option for investors who do not want to go in-depth and study company performance in detail. It will give you good returns if held for a longer duration of 5-7 years.
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