March 2, 2023
mayank
Guidance for Mirae Asset Nifty 100 Low Volatility 30 ETF NFO
by Paresh Gordhandas, C.A., Research Analyst.
Updated Soon
Mirae Asset Nifty 100 Low Volatility 30 ETF NFO
NFO opens on March 13, 2023
NFO will close on March 21, 2023
(Our detailed Guidance is given at the bottom of the Page)
Investment Strategy
The investment objective of the scheme is seeks to generate returns, before expenses, that are commensurate with the performance of the Nifty 100 Low Volatility 30 Total Return Index, subject to tracking error. The Scheme does not guarantee or assure any returns.
Basic Details
| Fund House | Mirae Asset Mutual Fund |
| Issue Open | 13 March 2023 |
| Issue Close | 21 March 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 | NIFTY 100 Low Volatility 30 TRI |
About Benchmark Index
Nifty100 Low Volatility 30 Index aims to measure the performance of the low volatile securities in the large market capitalisation segment.
The securities are selected from Nifty 100 index and should be available for trading in derivative segment(F&O).The selection of securities and its weights in Nifty100 Low Volatility 30 are based on volatility. Volatility of the securities is calculated as the standard deviation of daily price returns (log normal) for last one year.
In order to make the index replicable for passive products, weightage of the stocks with turnover less than the stock having the lowest turnover in Nifty 50, has been capped at 3%.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | -2.55 | -2.55 | 3.49 | 9.81 | 15.34 |
| Total Return | -2.44 | -2.44 | 5.08 | 11.78 | 17.29 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 13.17 | 16.13 | 17.73 |
| Beta (NIFTY 50) | 0.78 | 0.77 | 0.76 |
| Correlation (NIFTY 50) | 0.90 | 0.92 | 0.94 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 25.61 | 4.59 | 1.95 |
Fund Manager
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 | 5.09 | 5.32 | -5.19 | 5.32 |
| 3 Year | 17.05 | 17.72 | 12.73 | 17.72 |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
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
*Post your MF questions @ sahifund.com/ask-me/
IPO Details & Guidance @ chanakyanipothi.com