December 11, 2024
mayank
Mirae Asset Nifty India New Age Consumption ETF FoF 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 New Age Consumption ETF FoF Open Date, Close Date?
NFO opens on December 12, 2024
NFO will close on December 26, 2024
Investment Strategy for this NFO?
The scheme seeks to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset Nifty India New Age Consumption ETF. The Scheme does not guarantee or assure any returns.
Basic Details
| Fund House | Mirae Asset Mutual Fund |
| Issue Open | 12 December 2024 |
| Issue Close | 26 December 2024 |
| Type | Open-ended |
| Category | Equity: Thematic-Consumption |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0.05% for redemption within 15 days |
| Riskometer | Very High |
| Benchmark | Nifty India New Age Consumption TRI |
About Benchmark Index for this NFO?
NSE Indices has developed the Nifty India New Age Consumption Index which aims to track the performance of stocks from the Nifty 500 which represent the new age consumption theme. The new age consumption theme captures companies which belong to basic industries such as Passenger Cars & Utility Vehicles, 2/3 Wheelers, Gems, Jewellery And Watches, Hotels & Resorts, Financial Technology (Fintech) etc. The index comprises of 75 stocks. The weight of each stock in the index is based on its free-float market capitalization.
Nifty India New Age Consumption 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 New Age Consumption Total Returns Index.
Portfolio Characteristics
| Methodology | Periodic Capped Free Float |
| No. of Constituents | 75 |
| Launch Date | October 25, 2024 |
| Base Date | April 01, 2005 |
| Base Value | 1000 |
| Calculation Frequency | End of day |
| Index Rebalancing | Semi-Annually |
Fund Managers of Mirae Asset Nifty India New Age Consumption ETF FoF
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 New Age Consumption ETF FoF @ sahifund.com by Paresh Gordhandas, C.A., Research Analyst
[ A ] Benchmark Performance of Nifty India New Age Consumption TRI
Performance
| Index Returns (%)# | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | -7.20 | 34.09 | 41.67 | 22.08 | 13.25 |
| Total Return | -7.17 | 34.70 | 42.32 | 22.90 | 14.27 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 16.18 | 20.09 | 23.09 |
| Beta (NIFTY 50) | 0.95 | 0.90 | 0.95 |
| Correlation (NIFTY 50) | 0.82 | 0.85 | 0.87 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 58.16 | 8.93 | 0.51 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Zomato Ltd. | 5.50 |
| Bharti Airtel Ltd. | 5.13 |
| Mahindra & Mahindra Ltd. | 5.09 |
| Trent Ltd. | 4.74 |
| Titan Company Ltd. | 4.65 |
| Maruti Suzuki India Ltd. | 4.49 |
| Tata Motors Ltd. | 4.33 |
| InterGlobe Aviation Ltd. | 3.48 |
| Indian Hotels Co. Ltd. | 3.16 |
| Bajaj Auto Ltd. | 3.02 |
Note on Benchmark Performance:
[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Akshay Udeshi
| 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 | 20.43 | 22.51 | 20.31 | 22.51 |
| 3 Year | 11.94 | 15.13 | 11.42 | 15.13 |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 12-12-2024
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 | 18.63 | 22.51 | 43.98 | 22.51 |
| 3 Year | 13.30 | 15.13 | 20.16 | 15.13 |
| 5 Year | 16.81 | 18.52 | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 12-12-2024
Note on Fund Managers’ performance
[ C ] Conclusion
X
Is it good to invest in Mirae Asset Nifty India New Age Consumption ETF Fund of Fund NFO?
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