September 15, 2022
mayank
Mirae Asset S&P 500 Top 50 ETF
NAV Growth : Rs 26.2710
Suitable For Which Investors ?
This is a fund that invests mainly in shares of foreign companies. When you invest for five years or more, you can expect gains that beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.
International equity funds are suitable to invest a part of your money in for diversification, so that if the Indian markets are going through a sharp correction, a portion of your money is insulated. But make sure you invest in a fund that has a broad mandate of investing in companies of different sizes, sectors and countries.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy :
The scheme seeks to generate returns, before expenses, that are commensurate with the performance of the S&P 500 Top 50 Total Return Index, subject to tracking error and forex movement.
Fund Manager :
1) Siddharth Srivastava
Education : Mr. Srivastava is a MBA (Tech), B.Tech
Experience : Prior to joining Mirae Asset Investment Managers (India) Private Limited, he has been associated with Mirae Asset Global Investments (India) Private Limited, NSE Indices Limited and Morgan Stanley Capital International.
Investment Details
| Min. Investment (Rs) : | 5,000 |
| Min. Addl Investment (Rs) : | — |
| Min. SIP Investment (Rs) : | — |
| Min. Withdrawal (Rs) : | — |
| Min. No of Cheques : | — |
| Min. Balance (Rs) : | — |
| Lock-in Period : | NA |
| Exit Load : | 0 |
Basic Details
| Fund House : | Mirae Asset Mutual Fund |
| Launch Date : | 20-Sep-21 |
| Return Since Launch : | -4.18% |
| Benchmark : | S&P 500 Top 50 Total Return Index |
| Riskometer : | Very High |
| Type : | Open-ended |
| Assets : | Rs 464 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio : | 0.60% |
| (As on 31-Jul-2022) | |
| Risk Grade : | — |
| Return Grade : | — |
| Turnover : | — |
Mirae Asset S&P 500 Top 50 ETF Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset S&P 500 Top 50 ETF | -14.01 | 1.26 | -9.12 | 7.54 | -3.33 | — | — | — | — | — |
| S&P BSE 500 TRI | 5.83 | -0.25 | 3.3 | 17.44 | 10.1 | — | — | — | — | — |
Mirae Asset S&P 500 Top 50 ETF Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turn over (%) |
| Mirae Asset S&P 500 Top 50 ETF | Unrated | — | — | — | 0.60 | 464 | -4.18 | — | 0yrs 12mo | — |
| Motilal Oswal NASDAQ 100 ETF | Unrated | -16.28 | 19.16 | 19.68 | 0.58 | 5,134 | 21.04 | — | 11yrs 5mo | 20.00 |
| Motilal Oswal Nasdaq 100 FOF Reg | Unrated | -16.24 | 18.86 | — | 0.50 | 3,439 | 19.89 | — | 3yrs 9mo | — |
| Franklin Ind Feeder Franklin US Opp Reg | Unrated | -25.51 | 10.77 | 13.77 | 1.57 | 3,107 | 15.02 | 1.00 (365) | 10yrs 7mo | 2.44 |
| Motilal Oswal S&P 500 Index Fund Reg | Unrated | -5.15 | — | — | 1.06 | 2,465 | 15.23 | 1.00 (15) | 2yrs 4mo | 10.00 |
Portfolio Analysis
| No. of Stocks : | 51 |
| Top 10 Stocks % : | — |
| Top 5 Stocks % : | — |
| Top 3 Sectors % : | 52.34 |
| Portfolio P/B Ratio : | 4.95 |
| Portfolio P/E Ratio : | 22.62 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 46,35,257 | 15,81,746 |
| Giant (%) | 100.00 | 81.64 |
| Large (%) | — | 15.43 |
| Mid (%) | — | 7.75 |
| Small (%) | — | 37.97 |
| Tiny (%) | — | — |
Mirae Asset S&P 500 Top 50 ETF by Chanakya :
Do not invest in this, or any other international equity fund, if you need to redeem your investment in less than five years.
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