April 25, 2024
mayank
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Open Date, Close Date?
NFO opens on May 10, 2024
NFO will close on May 24, 2024
What is the Investment Strategy?
The scheme seeks to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF. There is no assurance that the investment objective of the Scheme will be realized.
Basic Details
| Fund House | Mirae Asset Mutual Fund |
| Issue Open | 10 May 2024 |
| Issue Close | 24 May 2024 |
| Type | Open-ended |
| Category | Equity: Thematic |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0.5% for redemption Within 3 months |
| Riskometer | Very High |
| Benchmark | Nifty MidSmallcap400 Momentum Quality 100 TRI |
What is the Benchmark Index of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF?
Nifty MidSmallcap400 Momentum Quality 100 index aims to track the performance of the mid cap and small cap stocks selected based on combination of their momentum and quality factor scores. The momentum score for each company is determined based on its 6 month and 12-month price return, adjusted for volatility. The quality score for each company is determined based on return on equity (ROE), financial leverage (Debt/Equity Ratio) and earnings (EPS) growth variability analyzed during the previous 5 years. The weight of each stock in the index is based on the combination of composite momentum-quality score and its free-float market capitalization. Stock weights are capped at 5% at the time of index rebalancing.
Nifty MidSmallcap400 Momentum Quality 100 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 MidSmallcap400 Momentum Quality 100 Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 6.19 | 6.19 | 59.66 | 23.96 | 21.98 |
| Total Return | 6.52 | 6.52 | 61.30 | 25.26 | 23.58 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 13.69 | 19.00 | 20.08 |
| Beta (NIFTY 50) | 0.90 | 0.82 | 0.76 |
| Correlation (NIFTY 50) | 0.65 | 0.82 | 0.82 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 22.88 | 4.62 | 1.29 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| REC Ltd. | 5.16 |
| Power Finance Corporation Ltd. | 4.76 |
| HDFC Asset Management Company Ltd. | 3.00 |
| Persistent Systems Ltd. | 2.96 |
| Kotak Mahindra Bank Ltd. | 2.67 |
| Supreme Industries Ltd. | 2.53 |
| CG Power and Industrial Solutions Ltd. | 2.48 |
| Polycab India Ltd. | 2.34 |
| Cummins India Ltd. | 2.25 |
| Tube Investments of India Ltd. | 2.18 |
Performance Review of the Fund Managers?
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.
Past Performance of his Schemes
| 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 | 30.89 | 32.33 | 30.24 | 32.33 |
| 3 Year | 15.00 | 18.91 | 14.69 | 18.91 |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 24-4-2024
2) Vishal Singh
Education: Mr. Singh has done B.Com, CA, CFA and FRM
Experience: Prior to joining Mirae Asset Mutual Fund, he was associated with NSE Indices Ltd. and Aranca (India) Private Ltd.
Past Performance of his Schemes
| Fund | Mirae Asset Nifty 100 Low Volatility 30 ETF | It’s Benchmark | Mirae Asset Nifty 50 ETF | It’s Benchmark |
| 1 Year | 35.90 | 32.33 | 27.63 | 32.33 |
| 3 Year | — | — | 17.27 | 18.91 |
| 5 Year | — | — | 15.03 | 16.11 |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 24-4-2024
Which Company Owns Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF?
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/
Is it good to invest in Mirae Asset Nifty MidSmallcap400 Momentum NFO?
Guidance for Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF by Paresh Gordhandas, C.A., Research Analyst.
Nifty MidSmallcap400 Momentum Quality 100 index aims to track the performance of the mid cap and small cap stocks selected based on combination of their momentum and quality factor scores. The momentum score for each company is determined based on its 6 month and 12-month price return, adjusted for volatility. Stock weights are capped at 5% at the time of index rebalancing. Though the fund is an ETF, the underlying Index conveys a high risk situation. Midcap and small caps are expected to do well in the coming months, however, for this category, selection has to be spot on to give good short term and long term returns.
Selecting stocks only on the basis of its momentum leaves out certain important parameters. We would recommend avoid, or if you want to invest then invest a small amount only.
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Quicklinks
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