August 9, 2024
mayank
Mirae Asset Nifty500 Multicap 50:25:25 ETF 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 Nifty500 Multicap 50:25:25 ETF Open Date, Close Date?
NFO opens on August 12, 2024
NFO will close on August 26, 2024
What is the Investment Strategy?
The scheme seeks to generate returns, before expenses, that are commensurate with the performance of the Nifty500 Multicap 50:25:25 Total Return Index, subject to tracking error. The Scheme does not guarantee or assure any returns. There is no assurance that the investment objective of the scheme will be achieved.
Basic Details of Mirae Asset Nifty500 Multicap 50:25:25 ETF
| Fund House | Mirae Asset Mutual Fund |
| Issue Open | 12 August 2024 |
| Issue Close | 26 August 2024 |
| Type | Open-ended |
| Category | Equity: Multi Cap |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | Nifty 500 Multicap 50:25:25 TRI |
What is the Benchmark Index?
The Nifty500 Multicap 50:25:25 index aims to measure the performance of portfolio of large, mid and small market capitalisation companies with target weights assigned to each size segment.
The Nifty500 Multicap 50:25:25 index includes all companies that are part of Nifty 500 index. While in Nifty 500 index, the total weight of each size segment (Large, Mid and Small cap) is based on the total free float market capitalisation of all stocks falling within that size segment, in Nifty500 Multicap 50:25:25 index, the total weight to each of these three segments (Large, Mid and Small cap) is fixed at 50%, 25% and 25% respectively at every quarterly rebalance date. The weight of 50%, 25% and 25% for the three segments are further divided amongst stocks within the respective segment based on underlying stock’s free float market capitalisations. Weight of each size segment may be different from its respective capped level between two rebalance dates due to price drift of underlying stocks.
The index can be used for a variety of purposes such as benchmarking, creation of index funds, ETFs and structured products.
Index Variant: Nifty500 Multicap 50:25:25 Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 3.55 | 23.34 | 44.08 | 24.71 | 15.58 |
| Total Return | 3.64 | 23.98 | 45.31 | 25.94 | 17.11 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 14.59 | 18.53 | 20.22 |
| Beta (NIFTY 50) | 1.03 | 0.91 | 0.89 |
| Correlation (NIFTY 50) | 0.89 | 0.94 | 0.94 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 29.42 | 4.66 | 0.94 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd. | 4.39 |
| Reliance Industries Ltd. | 3.68 |
| ICICI Bank Ltd. | 3.09 |
| Infosys Ltd. | 2.44 |
| ITC Ltd. | 1.65 |
| Larsen & Toubro Ltd. | 1.61 |
| Tata Consultancy Services Ltd. | 1.60 |
| Bharti Airtel Ltd. | 1.44 |
| State Bank of India | 1.21 |
| Axis Bank Ltd. | 1.20 |
Performance Review of the Fund Managers of Mirae Asset Nifty500 Multicap 50:25:25 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 | 28.52 | 29.52 | 24.64 | 29.52 |
| 3 Year | 13.66 | 17.09 | 15.32 | 17.09 |
| 5 Year | — | — | 18.15 | 19.59 |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 09-8-2024
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 | 12.41 | 13.98 | 14.62 | 13.98 |
| 3 Year | — | — | 10.87 | 12.70 |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 09-8-2024
Which Company Owns Mirae Asset Nifty500 Multicap 50:25:25 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: https://mfs.kfintech.com/mfs/
Is it good to invest in Mirae Asset Nifty500 Multicap 50:25:25 ETF NFO?
Guidance for Mirae Asset Nifty500 Multicap 50:25:25 ETF by Paresh Gordhandas, C.A., Research Analyst.
Fund Houses first launched the Flexicap Funds, then the Multicap Funds and now sub categories in these Funds. It is not possible to close shop and Fund Houses have to continue launching new products to woo customers and make the most of the current market mood and hence these days, Fund Houses are launching products with long, complicated names which are difficult for the newbie or a basic investor to understand.
The Mirae Asset Nifty 500 Multicap 50:25:25 ETF is based on the Nifty500 Multicap 50:25:25 index. The Nifty500 Multicap 50:25:25 index includes all companies that are part of Nifty 500 index. While in Nifty 500 index, the total weight of each size segment (Large, Mid and Small cap) is based on the total free float market capitalisation of all stocks falling within that size segment, in Nifty500 Multicap 50:25:25 index, the total weight to each of these three segments (Large, Mid and Small cap) is fixed at 50%, 25% and 25% respectively at every quarterly rebalance date.
The Index has given return of 44% in the last one year, CAGR 24.71% return in the last five years and 15.58% CAGR return since its inception.
A sample study of the other funds managed by the Fund Manager reveals that their performance is not upto the mark. However, since this is an Index Fund, stock picking is not of much importance.
In case, you have exhausted options in the multicap and flexicap space and want to diversify your portfolio to newer offerings, can invest in this NFO.
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