October 2, 2024
RA Jainee
Mirae Asset Nifty 50 Index Fund 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
- 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 50 Index Fund Open Date, Close Date?
NFO opens on October 10, 2024
NFO will close on October 18, 2024
What is the Investment Strategy?
The scheme seeks to generate returns, before expenses, that are commensurate with the performance of Nifty 50 Total Return Index, subject to tracking error.
Basic Details
| Fund House | Mirae Asset Mutual Fund |
| Issue Open | 10 October 2024 |
| Issue Close | 18 October 2024 |
| Type | Open-ended |
| Category | Equity: Large Cap |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | NIFTY 50 TRI |
What is the Benchmark Index of Mirae Asset Nifty 50 Index Fund?
The Nifty 50 index is a well-diversified 50 companies index reflecting overall market conditions. Nifty 50 Index is computed using free float market capitalization method.
Nifty 50 can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variants: Nifty50 USD, Nifty 50 Total Returns Index (Gross and Net) and Nifty50 Dividend Points Index
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 7.50 | 18.77 | 31.43 | 17.60 | 11.89 |
| Total Return | 7.81 | 19.98 | 33.00 | 18.98 | |
| Net Total Return | 7.73 | 19.61 | 32.50 | 18.52 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 13.34 | 18.95 | 22.89 |
| Beta (NIFTY 50) | 1.00 | 1.00 | 1.00 |
| Correlation (NIFTY 50) | 1.00 | 1.00 | 1.00 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 24.26 | 3.87 | 1.16 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd. | 11.34 |
| Reliance Industries Ltd. | 8.64 |
| ICICI Bank Ltd. | 7.74 |
| Infosys Ltd. | 5.82 |
| ITC Ltd. | 4.16 |
| Bharti Airtel Ltd. | 3.95 |
| Tata Consultancy Services Ltd. | 3.76 |
| Larsen & Toubro Ltd. | 3.73 |
| Axis Bank Ltd. | 3.03 |
| State Bank of India | 2.62 |
Performance Review of the Fund Managers of Mirae Asset Nifty 50 Index Fund?
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 | 35.02 | 37.25 | 34.86 | 37.25 |
| 3 Year | 13.49 | 16.93 | 13.40 | 16.93 |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 02-10-2024
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 Bank ETF | It’s Benchmark | Mirae Asset Nifty Financial Services ETF | It’s Benchmark |
| 1 Year | 19.44 | 20.69 | 24.35 | 20.69 |
| 3 Year | — | — | 11.41 | 13.15 |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 02-10-2024
Which Company Owns Mirae Asset Nifty 50 Index Fund?
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 50 Index Fund NFO?
Guidance for Mirae Asset Nifty 50 Index Fund by Paresh Gordhandas, C.A., Research Analyst.
WILL Post Soon
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https://sahifund.com/category/nfos/
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