September 25, 2024
mayank
Mirae Asset Nifty Total Market Index 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 Total Market Index Fund Open Date, Close Date?
NFO opens on October 08, 2024
NFO will close on October 22, 2024
What is the Investment Strategy?
The scheme seeks to generate returns, before expenses, that are commensurate with the performance of Nifty Total Market Total Return Index, subject to tracking error.
Basic Details
| Fund House | Mirae Asset Mutual Fund |
| Issue Open | 08 October 2024 |
| Issue Close | 22 October 2024 |
| Type | Open-ended |
| Category | Equity: Flexi Cap |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | Nifty Total Market TRI |
What is the Benchmark Index of Mirae Asset Nifty Total Market Index Fund?
The Nifty Total Market Index will track the performance of 750 stocks covering large, mid, small and microcap segments. All stocks that are part of Nifty 500 index and Nifty Microcap 250 index form part of the Nifty Total Market index. The weight of the stocks in the index is based on their free-float market capitalization.
The index can be used for a variety of purposes such as benchmarking, creation of index funds, ETFs and structured products.
Index Variant: Nifty Total Market Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 5.34 | 22.56 | 40.81 | 21.95 | 14.28 |
| Total Return | 5.61 | 23.51 | 42.13 | 23.21 | 15.82 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 14.42 | 18.67 | 20.63 |
| Beta (NIFTY 50) | 1.04 | 0.95 | 0.95 |
| Correlation (NIFTY 50) | 0.95 | 0.98 | 0.98 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 27.32 | 4.57 | 1.03 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd. | 6.17 |
| Reliance Industries Ltd. | 5.11 |
| ICICI Bank Ltd. | 4.33 |
| Infosys Ltd. | 3.52 |
| ITC Ltd. | 2.32 |
| Tata Consultancy Services Ltd. | 2.31 |
| Larsen & Toubro Ltd. | 2.17 |
| Bharti Airtel Ltd. | 2.13 |
| Axis Bank Ltd. | 1.67 |
| State Bank of India | 1.57 |
Performance Review of the Fund Managers of Mirae Asset Nifty Total Market Index?
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 | 35.26 | 37.70 | 34.98 | 37.70 |
| 3 Year | 12.99 | 16.46 | 12.80 | 16.46 |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 25-9-2024
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 Bank ETF | It’s Benchmark | Mirae Asset Nifty Financial Services ETF | It’s Benchmark |
| 1 Year | 21.71 | 22.74 | 26.89 | 22.74 |
| 3 Year | — | — | 11.03 | 13.17 |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 25-9-2024
Which Company Owns Mirae Asset Nifty Total Market Index Fund?
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 Total Market Index Fund NFO?
Guidance for Mirae Asset Nifty Total Market Index Fund by Paresh Gordhandas, C.A., Research Analyst.
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