April 26, 2025
mayank
Mirae Asset Nifty50 Equal Weight ETF details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
Table of Contents:
1. NFO Open date, Close date
2. NFO Investment Strategy
3. NFO Basic Details
4. NFO Benchmark Index
5. Performance Review of Fund Manager
6. Should You Invest in this NFO?
7. Invest Online
What is the Mirae Asset Nifty50 Equal Weight ETF Open Date, Close Date?
NFO opens on April 30, 2025
NFO will close on May 06, 2025
Investment Strategy for this NFO?
The scheme seeks to generate returns, before expenses, that are commensurate with the performance of the Nifty50 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 | 30 April 2025 |
| Issue Close | 06 May 2025 |
| Type | Open-ended |
| Category | Equity: Large Cap |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | |
| Riskometer | Very High |
| Benchmark | NIFTY 50 Equal Weight TRI |
About Benchmark Index for this NFO?
The Nifty50 Equal Weight Index represents an alternative weighing scheme to its market capitalization weighted parent index, the Nifty 50 Index. The index includes the same constituents as its parent, however, weighted equally.
Nifty 50 Equal Weight Index can be used for a variety of purposes such as benchmarking, launching of index funds, ETFs and structured products.
Index Variant: Nifty50 Equal Weight Total Returns Index.
Portfolio Characteristics
| Methodology | Equal Weighted |
| No. of Constituents | 50 |
| Launch Date | April 13, 2017 |
| Base Date | November 03, 1995 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi-Annually |
Fund Managers of Mirae Asset Nifty50 Equal Weight ETF
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) 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.
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 Nifty50 Equal Weight Exchange Traded Fund @ sahifund.com by Paresh Gordhandas, C.A., Research Analyst
[ A ] Benchmark Performance of NIFTY 50 Equal Weight TRI
Performance
| Index Returns (%)# | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | -0.48 | -0.48 | 3.80 | 27.73 | 12.15 |
| Total Return | -0.21 | -0.21 | 4.94 | 29.40 | 14.20 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 14.65 | 15.98 | 22.21 |
| Beta (NIFTY 50) | 1.01 | 0.95 | 0.94 |
| Correlation (NIFTY 50) | 0.97 | 0.95 | 0.96 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 22.28 | 3.41 | 1.41 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Tata Consumer Products Ltd. | 2.08 |
| Bajaj Finserv Ltd. | 2.08 |
| Trent Ltd. | 2.07 |
| Hero MotoCorp Ltd. | 2.07 |
| IndusInd Bank Ltd. | 2.05 |
| HDFC Life Insurance Company Ltd. | 2.05. |
| Oil & Natural Gas Corporation Ltd. | 2.05… |
| Grasim Industries Ltd. | 2.05.. |
| UltraTech Cement Ltd. | 2.03 |
| Larsen & Toubro Ltd. | 2.03 |
Benchmark Assessment: Nifty50 Equal Weight Index
What It Is:
The Nifty50 Equal Weight Index assigns equal weight (2%) to each Nifty 50 constituent, removing the dominance of large-cap stocks like Reliance, HDFC Bank, etc., compared to the traditional market-cap weighted Nifty 50. This makes the portfolio more balanced but also potentially more volatile.
Performance Overview:
- 1-Year Return (Total): 4.94%
- 5-Year CAGR: ~5.3% annually (29.40% total)
- Since Inception CAGR: 14.2%
- Standard Deviation (5Y): 15.98%, indicating moderate volatility
- Beta: 0.95, suggesting slightly lower volatility than Nifty50
- Correlation: 0.95+, very high alignment with Nifty50 in direction, but not weighting
Takeaway:
The equal-weighted version may outperform during broad-based market rallies when mid and smaller large-caps rise but underperform during narrow rallies dominated by top Nifty heavyweights. It’s best for long-term diversification and investors seeking reduced concentration risk.
Fundamentals Snapshot
|
Metric |
Value |
|
P/E Ratio |
22.28 |
|
P/B Ratio |
3.41 |
|
Dividend Yield (%) |
1.41 |
Interpretation:
The index is moderately valued—not too cheap or too expensive. Dividend yield is modest. Ideal for growth-oriented investors, not income seekers.
[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Ekta Gala
| Fund | Mirae Asset Nifty 50 ETF | It’s Benchmark | Mirae Asset Nifty Next 50 ETF | It’s Benchmark |
| 1 Year | 7.74 | 7.47 | 1.61 | 7.47 |
| 3 Year | 13.60 | 14.49 | 15.70 | 14.49 |
| 5 Year | 22.58 | 23.60 | 23.24 | 23.60 |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 26-4-2025
Past Performance of Akshay Udeshi
| Fund | Mirae Asset Silver ETF | It’s Benchmark | Mirae Asset Nifty PSU Bank ETF | It’s Benchmark |
| 1 Year | 19.52 | 20.66 | — | — |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 26-4-2025
Fund Management Review
Fund Managers:
- Akshay Udeshi (B.E. + MBA Finance)
- Ekta Gala (B.Com + Inter CA)
Performance Note:
Random selection of their past schemes shows below-benchmark performance. While experience is notable, the alpha-generation capability has not been strongly demonstrated yet.
Implication:
Manager risk is moderate. While they are competent professionals, historical data suggests expectation management is key — don’t anticipate significant outperformance without consistent track record.
[ C ] Investment Recommendation
Suitable For:
- Long-term investors (5+ years)
- Those looking to diversify away from market-cap bias
- Investors comfortable with moderate volatility
- Core passive investing allocation
Not Suitable For:
- Those expecting short-term alpha
- Conservative investors seeking income or capital preservation
- Heavily performance-chasing investors
Our Take:
“Moderately Positive” — This NFO provides access to a diversified, equally-weighted exposure to India’s top 50 companies. It’s a strong fit in a core-satellite strategy or as a passive building block in a diversified portfolio. However, underwhelming fund manager track records and moderate recent index performance call for measured expectations.
Is it good to invest in Mirae Asset Nifty50 Equal Weight Exchange Traded Fund NFO?
>> Post your MF questions @ sahifund.com/ask-me/
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https://sahifund.com/category/nfos/
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