January 19, 2024
mayank
Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF Fund 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 Smallcap 250 Momentum Quality 100 ETF Open Date, Close Date?
NFO opens on February 12, 2024
NFO will close on February 21, 2024
What is Fund Investment Strategy?
The scheme seesk to generate returns, before expenses, that are commensurate with the performance of the Nifty Smallcap 250 Momentum Quality 100 Total Return Index, subject to tracking error. There is no assurance or guarantee that the investment objective of the scheme would be achieved.
Basic Details
| Fund House | Mirae Asset Mutual Fund |
| Issue Open | 12 February 2024 |
| Issue Close | 21 February 2024 |
| Type | Open-ended |
| Category | Equity: Thematic |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | Nifty Smallcap 250 Momentum Quality 100 TRI |
What is the Benchmark Index of Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF?
Nifty Smallcap250 Momentum Quality 100 index aims to track the performance of the 100 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 3% at the time of index rebalancing.
Nifty Smallcap250 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 Smallcap250 Momentum Quality 100 Total Returns Index.
Portfolio Characteristics
| Methodology | Tilt Weighted |
| No. of Constituents | 100 |
| Launch Date | December 21, 2023 |
| Base Date | April 01, 2005 |
| Base Value | 1000 |
| Calculation Frequency | End of day |
| Index Rebalancing | Semi – Annually |
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 14.45 | 49.01 | 49.01 | 23.99 | 21.97 |
| Total Return | 14.55 | 50.09 | 50.09 | 25.30 | 23.78 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 13.37 | 19.90 | 21.75 |
| Beta (NIFTY 50) | 0.78 | 0.81 | 0.78 |
| Correlation (NIFTY 50) | 0.57 | 0.77 | 0.77 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 26.38 | 4.17 | 1.02 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Cyient Ltd. | 3.18 |
| KEI Industries Ltd. | 3.14 |
| Multi Commodity Exchange of India Ltd. | 2.89 |
| Birlasoft Ltd. | 2.86 |
| Sonata Software Ltd. | 2.81 |
| BSE Ltd. | 2.78 |
| Central Depository Services (India) Ltd. | 2.75 |
| Apar Industries Ltd. | 2.61 |
| Karur Vysya Bank Ltd. | 2.04 |
| Glenmark Pharmaceuticals Ltd. | 1.97 |
Performance Review of the Fund Managers of Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF?
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 50 ETF | It’s Benchmark |
| 1 Year | 16.55 | 22.03 | 19.37 | 22.03 |
| 3 Year | 12.99 | 17.04 | 15.83 | 17.04 |
| 5 Year | — | — | 15.72 | 16.25 |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
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 Financial Services ETF | It’s Benchmark | Mirae Asset Nifty India Manufacturing ETF | It’s Benchmark |
| 1 Year | 9.38 | 8.35 | 30.97 | 26.29 |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
Which Company Owns Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF?
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: http://www.karvymfs.com
Is it good to invest in Mirae Asset Nifty Smallcap250 Momentum Quality 100 ETF NFO?
Guidance for Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF by Paresh Gordhandas, C.A., Research Analyst.
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