September 15, 2022
mayank
Mirae Asset Nifty Financial Services ETF
NAV Growth : Rs 18.8780
Suitable For Which Investors ?
This is a fund that invests mainly in shares of banks and financial services companies.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route.
Fund’s Investment Strategy :
The scheme seeks to generate returns, before expenses, that are commensurate with the performance of the Nifty Financial Services Total Return Index, subject to tracking error.
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.
Investment Details
| Min. Investment (Rs) : | 5,000 |
| Min. Addl Investment (Rs) : | — |
| Min. SIP Investment (Rs) : | — |
| Min. Withdrawal (Rs) : | — |
| Min. No of Cheques : | — |
| Min. Balance (Rs) : | — |
| Lock-in Period : | NA |
| Exit Load : | 0 |
Basic Details
| Fund House : | Mirae Asset Mutual Fund |
| Launch Date : | 30-Jul-21 |
| Return Since Launch : | 12.65% |
| Benchmark : | NIFTY Financial Services TRI |
| Riskometer : | Very High |
| Type : | Open-ended |
| Assets : | Rs 253 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio : | 0.12% |
| (As on 31-Jul-2022) | |
| Risk Grade : | — |
| Return Grade : | — |
| Turnover : | — |
Mirae Asset Nifty Financial Services ETF Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset Nifty Fin Srvcs ETF | 9 | 0.75 | 3.82 | 22.76 | 14.35 | 4.36 | — | — | — | — |
| S&P BSE Bankex TRI | 18.09 | 1.28 | 5.84 | 23.69 | 17.81 | 14.12 | — | — | — | — |
| Equity: Sectoral-Banking | 15.3 | 1.12 | 5.81 | 24.53 | 17.2 | 11.76 | — | — | — | — |
| Rank within category | 30 | 30 | 32 | 29 | 31 | 28 | — | — | — | — |
| Number of funds in category | 31 | 34 | 34 | 33 | 33 | 30 | 22 | 17 | 15 | 10 |
Mirae Asset Nifty Financial Services ETF Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) |
| Mirae Asset Nifty Fin Srvcs ETF | Unrated | 4.36 | — | — | 0.12 | 253 | 12.65 | — | 1yrs 1mo | — |
| SBI Banking & Fin Srvices Reg | 5 star | 6.83 | 15.14 | 12.18 | 2.02 | 3,721 | 13.86 | 0.50 (30) | 7yrs 6mo | 106.00 |
| Nippon Ind Banking & Fin Srvices Reg | 4 star | 13.01 | 15.36 | 8.37 | 2.09 | 3,663 | 21.02 | 1.00 (30) | 19yrs 3mo | 50.00 |
| Sundaram Fin Srvices Opp Reg | 4 star | 8.02 | 15.73 | 10.66 | 2.54 | 590 | 13.95 | 1.00 (365) | 14yrs 3mo | 54.00 |
| Invesco Ind Fin Srvices Reg | 4 star | 2.75 | 14.01 | 9.26 | 2.56 | 464 | 15.97 | 1.00 (365) | 14yrs 2mo | 19.00 |
Portfolio Analysis
| No. of Stocks : | 20 |
| Top 10 Stocks % : | 93.19 |
| Top 5 Stocks % : | 72.97 |
| Top 3 Sectors % : | 99.91 |
| Portfolio P/B Ratio : | 2.98 |
| Portfolio P/E Ratio : | 20.68 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 4,17,383 | 2,70,010 |
| Giant (%) | 89.50 | 71.47 |
| Large (%) | 7.44 | 12.27 |
| Mid (%) | 3.05 | 13.79 |
| Small (%) | — | 4.95 |
| Tiny (%) | — | — |
Mirae Asset Nifty Financial Services ETF by Chanakya :
Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.
Apply Online :
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