August 1, 2025
RA Jainee
Mirae Asset Multi Factor Passive FOF details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
Table of Contents:
1. NFO Open date, Close date
2. NFO Investment Strategy
3. Basic Details NFO
4. Benchmark Index NFO
5. Fund Manager | Performance Review of Fund Manager
6. Should You Invest in this NFO?
7. Invest Online
What is the Mirae Asset Multi Factor Passive FOF Open Date, Close Date?
NFO opens on August 11, 2025
NFO will close on August 25, 2025
Investment Strategy for this NFO?
The scheme seeks to provide long-term capital appreciation from a portfolio investing predominantly in units of factor based domestic equity ETFs which are based on single or multiple strategies like alpha, momentum, low volatility, value, growth, equal weighing, quality etc. There is no assurance that the investment objective of the Scheme will be realized.
Basic Details
| Fund House | Mirae Asset Mutual Fund |
| Issue Open | 11 August 2025 |
| Issue Close | 25 August 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 5 days |
| Riskometer | Very High |
| Benchmark | NIFTY 500 TRI |
About Benchmark Index for this NFO?
The Nifty 500 index represents top 500 companies selected based on full market capitalization from the eligible universe.
Nifty 500 Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base period. Nifty 500 can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variants: Nifty 500 Total Returns Index, Nifty500 Industry Indices
Portfolio Characteristics
| Methodology | Free Float Market Capitalization |
| No. of Constituents | 501 |
| Launch Date | |
| Base Date | January 01, 1995 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi-Annually |
Fund Managers of Mirae Asset Multi Factor Passive FOF
1) Ritesh Patel
Education: Mr. Ghosh is a Commerce Graduate and holds a Degree in CS and LLB.
Experience: Prior to joining Mirae asset MF, he was Assistant Company Secretary with JM Financial Asset Management Pvt. Ltd. He has also been associated with organizations like Hindustan Composites Ltd, Tower Capital & Securities Pvt. Ltd and Multi-Arc India Ltd.
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 Multi Factor Passive FOF @ sahifund.com by Paresh Gordhandas, C.A. & Research Analyst
[ A ] Benchmark Performance of NIFTY 500 TRI
Performance
| Index Returns (%)# | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | -2.97 | 2.41 | -2.62 | 20.46 | 10.78 |
| Total Return | -2.82 | 3.12 | -1.63 | 21.71 | 12.47 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 14.83 | 14.79 | 22.16 |
| Beta (NIFTY 50) | 1.04 | 0.99 | 0.94 |
| Correlation (NIFTY 50) | 0.95 | 0.97 | 0.95 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 24.27 | 3.69 | 1.2 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd. | 8.08 |
| ICICI Bank Ltd. | 5.54 |
| Reliance Industries Ltd. | 4.94 |
| Infosys Ltd. | 2.85 |
| Bharti Airtel Ltd. | 2.74 |
| Larsen & Toubro Ltd. | 2.24 |
| ITC Ltd. | 2.01 |
| Tata Consultancy Services Ltd. | 1.63 |
| State Bank of India | 1.61 |
| Axis Bank Ltd. | 1.61 |
Note on Benchmark Performance:
X
[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Ritesh Patel
| Fund | Mirae Asset Nifty 50 ETF | It’s Benchmark | Mirae Asset Nifty Bank ETF | It’s Benchmark |
| 1 Year | 0.49 | -0.55 | 9.30 | 6.46 |
| 3 Year | 14.22 | 15.43 | — | — |
| 5 Year | 18.81 | 19.94 | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 1-8-2025
Note on Fund Managers’ performance
X
[ C ] Our NFO Review
The Mirae Asset Multi Factor Passive FoF is designed to invest primarily in domestic equity ETFs based on multiple smart beta factors such as momentum, low volatility, equal weight, quality, and value.
One of the advantages highlighted is the in-fund allocation management, which allows changes in asset allocation without triggering a tax event for the investor—unlike direct switching between ETFs.
This particular offering category is a young crowd with most funds being less than five years old.
We believe that such type of offering is for an investor who has an in-depth knowledge of different mutual funds available and the market movement.
We recommend you wait and watch for a few months, how the fund performs and then take an investment decision.
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
Is it good to invest in Mirae Asset Multi Factor Passive FOF NFO?
>> Post your MF questions @ sahifund.com/ask-me/
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https://sahifund.com/category/nfos/
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