December 8, 2025
RA Jainee
Mirae Asset Nifty Top 20 Equal Weight ETF-Growth
Mirae Asset Nifty Top 20 Equal Weight ETF-Growth snapshot
| NFO opens on | 02 December 2025 |
| NFO Closes on | 10 December 2025 |
| Min. Investment | Rs. 5000 |
| Plans | Growth |
| Sahifund Verdict | X |
⏱️ Last Update: 08 December 2025, 10.00 AM
Table of Contents:
1. NFO Open date, Close date
2. NFO Investment Strategy
3. Basic Details NFO
4. Benchmark Index NFO
5. Fund Manager | Performance Review of Fund Manager
6. Should You Invest in this NFO?
7. Invest Online
What is the Mirae Asset Nifty Top 20 Equal Weight ETF-Growth Open Date, Close Date?
NFO opens on December 02, 2025
NFO will close on December 10, 2025
Investment Strategy for this NFO?
The scheme seeks to generate returns, before expenses, that are commensurate with the performance of the Nifty Top 20 Equal Weight Total Return Index, subject to tracking error. The Scheme does not guarantee or assure any returns.
Basic Details
| Fund House | Mirae Asset Mutual Fund |
| Issue Open | 02 December 2025 |
| Issue Close | 10 December 2025 |
| Type | Open-ended |
| Category | Equity: Large Cap |
| Min. Investment(₹) | 5,000 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | Nifty Top 20 Equal Weight TRI |
About Benchmark Index for this NFO?
NSE Indices has developed the Nifty Top 20 Equal Weight which aims to track the performance of the top 20 stocks selected based on 6-month average free-float market capitalization from the Nifty 50.
Nifty Top 20 Equal Weight can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty Top 20 Equal Weight Total Returns Index.
Portfolio Characteristics
| Methodology | Equal Weighted |
| No. of Constituents | 20 |
| Launch Date | October 22, 2024 |
| Base Date | March 02, 2006 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi-Annually |
Fund Managers of Mirae Asset Nifty Top 20 Equal Weight ETF-Growth
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) Ritesh Patel
Education: Mr. Ghosh is a Commerce Graduate and holds a Degree in CS and LLB.
Experience: Prior to joining Mirae Asset MF, he was Assistant Company Secretary with JM Financial Asset Management Pvt. Ltd. He has also been associated with organizations like Hindustan Composites Ltd, Tower Capital & Securities Pvt. Ltd and Multi-Arc India 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 Top 20 Equal Weight ETF-Growth @ sahifund.com by Paresh Gordhandas, C.A. & Research Analyst
[ A ] Benchmark Performance of Nifty Top 20 Equal Weight TRI
Performance
| Index Returns (%)# | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 7.35 | 10.89 | 9.16 | 16.54 | 12.20 |
| Total Return | 7.53 | 12.37 | 10.61 | 17.91 | 13.76 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 11.83 | 13.90 | 21.61 |
| Beta (NIFTY 50) | 0.95 | 0.96 | 1.01 |
| Correlation (NIFTY 50) | 0.97 | 0.97 | 0.98 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 24.59 | 4.08 | 1.33 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Titan Company Ltd. | 5.58 |
| Reliance Industries Ltd. | 5.51 |
| HCL Technologies Ltd. | 5.50 |
| State Bank of India | 5.48 |
| Sun Pharmaceutical Industries Ltd. | 5.43 |
| Larsen & Toubro Ltd. | 5.39 |
| Axis Bank Ltd. | 5.29 |
| Bharti Airtel Ltd. | 5.24 |
| Mahindra & Mahindra Ltd. | 5.14 |
| Tata Consultancy Services Ltd. | 5.12 |
Past Performance of Akshay Udeshi
| Fund | Mirae Asset Nifty 100 ESG Sector Leaders ETF | It’s Benchmark | Mirae Asset Nifty EV and New Age Automotive ETF | It’s Benchmark |
| 1 Year | 6.35 | 5.96 | 0.30 | 17.17 |
| 3 Year | 12.62 | 14.33 | — | — |
| 5 Year | 14.43 | 16.89 | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 08-12-2025
Past Performance of Ritesh Patel
| Fund | Mirae Asset BSE Sensex ETF | It’s Benchmark | Mirae Asset Gold ETF FoF | It’s Benchmark |
| 1 Year | 6.01 | 5.96 | 65.03 | 68.36 |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 08-12-2025
[B] Review of Fund Managers
Akshay Udeshi
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Background: Mr. Udeshi has done B.E (Electronics) and MBA (Finance), Prior to joining Mirae Asset Mutual Fund, he was assocaited with Reliance Retail Ltd. and L&T Financial Services
Ritesh Patel
-
Background: Mr. Ghosh is a Commerce Graduate and holds a Degree in CS and LLB., Prior to joining Mirae Asset MF, he was Assistant Company Secretary with JM Financial Asset Management Pvt. Ltd. He has also been associated with organizations like Hindustan Composites Ltd, Tower Capital & Securities Pvt. Ltd and Multi-Arc India Ltd.
Sahifund Verdict:
X
Peer Comparison (?)
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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