September 15, 2022
mayank
Mirae Asset Nifty India Manufacturing ETF
NAV Growth : Rs 86.3220
Suitable For Which Investors ?
This is a fund that invests mainly in companies that adhere to the narrow investment mandate mentioned in its investment objective.
We believe that investors should avoid funds that have a narrowly defined investment focus 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 India Manufacturing 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 : | 27-Jan-22 |
| Return Since Launch : | 10.58% |
| Benchmark : | Nifty India Manufacturing TRI |
| Riskometer : | Very High |
| Type : | Open-ended |
| Assets : | Rs 73 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio : | 0.40% |
| (As on 31-Jul-2022) | |
| Risk Grade : | — |
| Return Grade : | — |
| Turnover : | — |
Mirae Asset Nifty India Manufacturing ETF Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset Nifty India Manufacturing ETF | — | -0.07 | 2.95 | 17.82 | 11.84 | — | — | — | — | — |
| S&P BSE 500 TRI | — | -0.25 | 3.3 | 17.44 | 10.1 | — | — | — | — | — |
Mirae Asset Nifty India Manufacturing 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 India Manufacturing ETF | Unrated | — | — | — | 0.40 | 73 | 10.58 | — | 0yrs 7mo | — |
| ICICI Pru Ind Opp Reg | Unrated | 18.38 | 26.37 | — | 2.10 | 5,773 | 20.22 | 1.00 (365) | 3yrs 8mo | 67.00 |
| ICICI Pru Business Cycle | Unrated | 11.89 | — | — | 1.90 | 5,095 | 21.17 | 1.00 (30) | 1yrs 8mo | 70.00 |
| ICICI Pru Hsng Opp | Unrated | — | — | — | 2.07 | 3,066 | 8.40 | 1.00 (30) | 0yrs 5mo | 20.00 |
| ABSL Business Cycle Reg | Unrated | — | — | — | 2.00 | 2,399 | 5.40 | 1.00 (30) | 0yrs 9mo | — |
Portfolio Analysis
| No. of Stocks : | 79 |
| Top 10 Stocks % : | 36.54 |
| Top 5 Stocks % : | 21.87 |
| Top 3 Sectors % : | 56.28 |
| Portfolio P/B Ratio : | 2.94 |
| Portfolio P/E Ratio : | 21.46 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 80,821 | 1,21,140 |
| Giant (%) | 20.78 | 42.51 |
| Large (%) | 46.48 | 27.96 |
| Mid (%) | 32.09 | 28.05 |
| Small (%) | 0.65 | 7.78 |
| Tiny (%) | — | 0.14 |
Mirae Asset Nifty India Manufacturing ETF by Chanakya :
Do not invest in this, or any other thematic fund, if you need to redeem your investment in less than five years.
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