June 14, 2025
RA Jainee
Mirae Asset Nifty India Internet ETF 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
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Mirae Asset Nifty India Internet ETF Open Date, Close Date?
NFO opens on June 18, 2025
NFO will close on June 25, 2025
Investment Strategy for this NFO?
The scheme seeks to generate returns, before expenses, that are commensurate with the performance of the Nifty India Internet 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 | 18 June 2025 |
| Issue Close | 25 June 2025 |
| Type | Open-ended |
| Category | Equity: Thematic |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | Nifty India Internet TRI |
About Benchmark Index for this NFO?
The Nifty India Internet index aims to track the performance of companies from Nifty Total Market that conduct business largely through online platforms. The weight of each stock in the index is based on its free-float market capitalization.
Nifty India Internet Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty India Internet Total Returns Index.
Portfolio Characteristics
| Methodology | Periodic Capped Free Float |
| No. of Constituents | 21 |
| Launch Date | February 28, 2025 |
| Base Date | October 01, 2021 |
| Base Value | 1000 |
| Calculation Frequency | End of day |
| Index Rebalancing | Semi-Annually |
Fund Managers of Mirae Asset Nifty India Internet ETF
1) Akshay Udeshi
Education: Mr. Udeshi has done B.E (Electronics) and MBA (Finance)
Experience: Prior to joining Mirae Asset Mutual Fund, he was assocaited with Reliance Retail Ltd. and L&T Financial Services
2) 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.
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 Nifty India Internet ETF @ sahifund.com by Paresh Gordhandas, C.A., Research Analyst
[ A ] Benchmark Performance of Nifty India Internet TRI
Performance
| Index Returns (%)# | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 11.61 | -10.66 | 25.55 | 6.99 | |
| Total Return | 11.66 | -10.53 | 25.94 | 7.53 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 27.77 | 25.11 | |
| Beta (NIFTY 50) | 1.20 | 1.17 | |
| Correlation (NIFTY 50) | 0.67 | 0.66 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 108.04 | 7.85 | 0.28 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Eternal Ltd. | 20.27 |
| PB Fintech Ltd. | 16.48 |
| Info Edge (India) Ltd. | 15.66 |
| One 97 Communications Ltd. | 8.57 |
| FSN E-Commerce Ventures Ltd. | 7.83 |
| Indian Railway Catering And Tourism Corporation Ltd. | 6.44 |
| Angel One Ltd. | 4.98 |
| Swiggy Ltd. | 3.66 |
| Motilal Oswal Financial Services Ltd. | 3.40 |
| Indiamart Intermesh Ltd. | 2.01 |
Note on Benchmark Performance:
Tap Into India’s Digital Future with the Nifty India Internet Index
The Nifty India Internet Index is designed to capture the performance of companies from the Nifty Total Market that primarily operate through online platforms. These businesses are at the forefront of India’s digital transformation, and the index offers a unique gateway into this high-growth sector.
Why Consider Internet Companies Now?
Internet-driven businesses are poised for exponential growth, powered by rapid digital adoption, booming e-commerce, cloud computing, and AI innovation. With rising mobile usage, remote work trends, and scalable, asset-light models, these companies are well-positioned for sustained long-term expansion and profitability.
Performance vs. Valuation
Over the past year, the index has delivered a strong return of 25.94%, reflecting market confidence. However, it currently trades at a PE ratio of 108.04, signaling steep valuations. While this may seem expensive, high PE multiples are often justified by the extraordinary growth prospects and disruption potential these companies bring to the table.
[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Akshay Udeshi
| Fund | Mirae Asset Silver ETF | It’s Benchmark | Mirae Asset Nifty PSU Bank ETF | It’s Benchmark |
| 1 Year | 19.31 | 19.36 | — | — |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 14-6-2025
Past Performance of Ekta Gala
| Fund | Mirae Asset Nifty 50 ETF | It’s Benchmark | Mirae Asset Nifty Next 50 ETF | It’s Benchmark |
| 1 Year | 6.74 | 5.86 | -4.82 | 5.86 |
| 3 Year | 17.39 | 18.87 | 22.59 | 18.87 |
| 5 Year | 21.23 | 22.34 | 22.17 | 22.34 |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 14-6-2025
Note on Fund Managers’ performance
What About Fund Management?
We place great importance on fund managers’ ability to navigate changing market cycles and deliver consistent returns. In this NFO, however, a review of other schemes managed by the same team shows unimpressive past performance, raising questions about execution quality.
[ C ] Final Word: Should You Invest?
If you’re an investor who wants exposure to India’s fast-growing internet economy but lacks the time or expertise to pick individual winners, this NFO offers a convenient entry point. Despite concerns around valuation and fund management history, the sector’s compelling growth potential makes this a worthy bet for long-term investors.
Verdict: Apply selectively, with a long-term horizon.
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
Is it good to invest in Mirae Asset Nifty India Internet ETF NFO?
>> Post your MF questions @ sahifund.com/ask-me/
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https://sahifund.com/category/nfos/
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