June 18, 2024
mayank
Mirae Asset Nifty 200 Alpha 30 ETF FoF details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
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 200 Alpha 30 ETF FoF Open Date, Close Date?
NFO opens on July 08, 2024
NFO will close on July 22, 2024
What is the Investment Strategy?
The scheme seeks to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset Nifty200 Alpha 30 ETF. There is no assurance that the investment objective of the Scheme will be achieved.
Basic Details
| Fund House | Mirae Asset Mutual Fund |
| Issue Open | 08 July 2024 |
| Issue Close | 22 July 2024 |
| Type | Open-ended |
| Category | Equity: Large Cap |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0.5% for redemption within 3 months |
| Riskometer | Very High |
| Benchmark | Nifty 200 Alpha 30 TRI |
What is the Benchmark Index of Mirae Asset Nifty 200 Alpha 30 ETF?
The Nifty200 Alpha 30 index which consists of 30 stocks selected from its parent Nifty 200 based on ‘Jensen’s Alpha’. The weight of stocks in the index is based on their alpha scores. Stock weights are capped at the lower of 5% or 5 times the weight of the stock in the index based only on free float market capitalization.
The index can be used for a variety of purposes such as benchmarking, creation of index funds, ETFs and structured products.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 10.66 | 23.29 | 77.96 | 27.60 | 18.45 |
| Total Return | 10.67 | 23.67 | 79.44 | 28.81 | 19.80 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 17.17 | 22.20 | 24.43 |
| Beta (NIFTY 50) | 1.09 | 0.98 | 1.00 |
| Correlation (NIFTY 50) | 0.64 | 0.84 | 0.87 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 21.77 | 4.54 | 1.29 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Power Finance Corporation Ltd. | 5.57 |
| Bharat Heavy Electricals Ltd. | 5.54 |
| Hindustan Aeronautics Ltd. | 5.45 |
| REC Ltd. | 5.18 |
| Trent Ltd | 5.11 |
| Dixon Technologies (India) Ltd. | 4.84 |
| Lupin Ltd. | 4.23 |
| Aurobindo Pharma Ltd. | 4.11 |
| Bharat Electronics Ltd. | 3.96 |
| Hindustan Petroleum Corporation Ltd. | 3.58 |
Performance Review of the Fund Managers of Mirae Asset Nifty 200 Alpha 30 ETF?
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 | 29.78 | 31.66 | 29.69 | 31.66 |
| 3 Year | 13.50 | 17.22 | 13.16 | 17.22 |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 18-6-2024
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 100 Low Volatility 30 ETF | It’s Benchmark | Mirae Asset Nifty 50 ETF | It’s Benchmark |
| 1 Year | 33.85 | 31.66 | 26.58 | 31.66 |
| 3 Year | — | — | 15.35 | 17.22 |
| 5 Year | — | — | 15.96 | 17.43 |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 18-6-2024
Which Company Owns Mirae Asset Nifty 200 Alpha 30 ETF FoF?
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 200 Alpha 30 ETF NFO?
Guidance for Mirae Asset Nifty 200 Alpha 30 ETF FoF by Paresh Gordhandas, C.A., Research Analyst.
The scheme seeks to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset Nifty200 Alpha 30 ETF. The Nifty200 Alpha 30 index which consists of 30 stocks selected from its parent Nifty 200 based on ‘Jensen’s Alpha’. But what does that mean?
- Jensen’s measure is commonly referred to as alpha. When a manager outperforms the market concurrent to risk, they have “delivered alpha” to their clients.
- The measure accounts for the risk-free rate of return for the time period.
In the Index, stock weights are capped at the lower of 5% or 5 times the weight of the stock in the index based only on free float market capitalization.
But no doubt, a product of this type is for the sophisticated investor, who understands the ins and outs of the market and mutual fund industry. A simple/newbie investor will find this concept somewhat complicated. You should make an informed decision before investing in this kind of fund depending on your risk taking capacity.
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