September 15, 2022
mayank
Mirae Asset Nifty India Manufacturing ETF FoF
NAV Growth : Rs 10.9030
NAV IDCW : Rs 10.9030
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 provide long-term capital appreciation from a portfolio investing predominantly in units of Mirae Asset Nifty India Manufacturing ETF.
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) : | 1,000 |
| Min. SIP Investment (Rs) : | 1,000 |
| Min. Withdrawal (Rs) : | — |
| Min. No of Cheques : | 5 |
| Min. Balance (Rs) : | — |
| Lock-in Period : | NA |
| Exit Load : | 0.5% for redemption within 90 days |
Basic Details
| Fund House : | Mirae Asset Mutual Fund |
| Launch Date : | 31-Jan-22 |
| Return Since Launch : | 9.03% |
| Benchmark : | Nifty India Manufacturing TRI |
| Riskometer : | Very High |
| Type : | Open-ended |
| Assets : | ₹44 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio : | 0.32% |
| (As on 31-Jul-2022) | |
| Risk Grade : | — |
| Return Grade : | — |
| Turnover : | — |
Mirae Asset Nifty India Manufacturing ETF FoF Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset Nifty India Manufacturing ETF FoF Dir | — | -0.21 | 2.82 | 17.77 | 11.55 | — | — | — | — | — |
| S&P BSE 500 TRI | — | -0.25 | 3.3 | 17.44 | 10.1 | — | — | — | — | — |
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 FoF Dir | Unrated | — | — | — | 0.32 | 44 | 9.03 | 0.50 (90) | 0yrs 7mo | — |
| ICICI Pru Ind Opp Dir | Unrated | 20 | 28.24 | — | 0.79 | 5,773 | 22.05 | 1.00 (365) | 3yrs 8mo | 67.00 |
| ICICI Pru Business Cycle Dir | Unrated | 13.46 | — | — | 0.62 | 5,095 | 22.97 | 1.00 (30) | 1yrs 8mo | 70.00 |
| ICICI Pru Hsng Opp Dir | Unrated | — | — | — | 0.32 | 3,066 | 9.10 | 1.00 (30) | 0yrs 5mo | 20.00 |
| ABSL Business Cycle Dir | Unrated | — | — | — | 0.41 | 2,399 | 6.80 | 1.00 (30) | 0yrs 9mo | — |
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 FoF 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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