September 15, 2022
mayank
Mirae Asset Nifty Next 50 ETF
NAV Growth : Rs 455.7230
Suitable For Which Investors ?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns of fixed income options. But be prepared for ups and downs in your investment value along the way.
This is a fund that invests in big companies. Compared to those that invest in smaller companies, such funds tend to fall less when stock prices fall. Therefore, they are more suited to conservative equity investors.
Like for all equity funds, you must invest 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 Next 50 Total Return Index, subject to tracking error.
Mirae Asset Nifty Next 50 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) : | — |
| 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 : | 24-Jan-20 |
| Return Since Launch : | 18.82% |
| Benchmark : | NIFTY Next 50 TRI |
| Riskometer : | Very High |
| Type : | Open-ended |
| Assets : | Rs 117 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio : | 0.15% |
| (As on 31-Jul-2022) | |
| Risk Grade : | — |
| Return Grade : | — |
| Turnover : | — |
Mirae Asset Nifty Next 50 ETF Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset Nifty Next 50 ETF | 7.88 | 0.46 | 6.92 | 22.52 | 13.76 | 6.18 | — | — | — | — |
| S&P BSE 100 TRI | 6.33 | -0.25 | 2.53 | 16.24 | 9.45 | 6.25 | — | — | — | — |
| Equity: Large Cap | 4.76 | -0.15 | 3.25 | 16.53 | 8.78 | 4.77 | — | — | — | — |
| Rank within category | 11 | 2 | 9 | 4 | 9 | 15 | — | — | — | — |
| Number of funds in category | 124 | 145 | 142 | 136 | 133 | 117 | 99 | 80 | 68 | 57 |
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 Next 50 ETF | Unrated | 6.18 | — | — | 0.15 | 117 | 18.82 | — | 2yrs 7mo | — |
| Axis Bluechip Reg | 5 star | -3.38 | 15.68 | 13.11 | 1.65 | 36,980 | 12.60 | 1.00 (365) | 12yrs 8mo | 47.00 |
| Mirae Asset Large Cap Reg | 4 star | 2.07 | 17.46 | 11.89 | 1.57 | 33,747 | 15.51 | 1.00 (365) | 14yrs 5mo | 22.00 |
| ICICI Pru Bluechip Reg | 4 star | 7.38 | 18.79 | 12.26 | 1.69 | 33,739 | 14.38 | 1.00 (365) | 14yrs 3mo | 28.00 |
| UTI Mastershare Reg | 4 star | 1.41 | 18.76 | 12.45 | 1.79 | 10,570 | 17.44 | 1.00 (365) | 35yrs 11mo | 29.00 |
Portfolio Analysis
| No. of Stocks : | 50 |
| Top 10 Stocks % : | 37.20 |
| Top 5 Stocks % : | 22.56 |
| Top 3 Sectors % : | 42.50 |
| Portfolio P/B Ratio : | 4.78 |
| Portfolio P/E Ratio : | 36.88 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 94,054 | 2,84,979 |
| Giant (%) | 19.27 | 62.49 |
| Large (%) | 64.63 | 29.57 |
| Mid (%) | 16.10 | 10.24 |
| Small (%) | — | 1.92 |
| Tiny (%) | — | — |
Mirae Asset Nifty Next 50 ETF by Chanakya :
Do not invest in this, or any other large-cap fund, if you need to redeem your investment in less than five years.
Apply Online :
Stock Research Reports :
https://www.analysislibrary.com/
NFO Guidance :
https://sahifund.com/category/nfos/
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