MIRAE ASSET
NIFTY NEXT 50 ETF - (NSE Symbol : NEXT50, BSE Code: 542922)
(An open ended scheme replicating/tracking Nifty Next 50 Total Return Index)
| Type of Scheme | An open ended scheme replicating/tracking Nifty Next 50 Total Return Index |
| Investment Objective | The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty Next 50 Total Return Index, subject to tracking error. The Scheme does not guarantee or assure any returns. |
Fund Manager** |
Ms. Ekta Gala (since December 28, 2020) Mr. Vishal Singh (since August 28, 2023) |
| Allotment Date | 24th January, 2020 |
| Benchmark Index | Nifty Next 50 Index (TRI) |
| Minimum Investment Amount^ |
Market Maker: Application for subscription of Units directly with the Fund in Creation Unit Size at NAV based prices in exchange of Portfolio Deposit and Cash Component. Large Investors: Minimum amount of ₹25 crores for transacting directly with the AMC. Other investors (including Market Maker, Large Investors and Regulated Entities): Units of the Scheme can be subscribed (in lots of 1 Unit) during the trading hours on all trading days on the NSE and BSE on which the Units are listed. On exchange (in multiple of 1 units), Directly with AMC or Market Maker (in multiple of 10,000 units) |
Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019) |
NA |
| Load Structure | Entry load: NA Exit load: For Creation Unit Size: No Exit load will be levied on redemptions made by Market Makers / Large Investors directly with the Fund in Creation Unit Size. For other than Creation Unit Size: Not Applicable -The Units of NEXT50 in other than Creation Unit Size cannot ordinarily be directly redeemed with the Fund. These Units can be redeemed (sold) on a continuous basis on the Exchange(s) where it is listed during the trading hours on all trading days. |
| Plans Available Options Available |
The Scheme does not offer any Plans/Options for investment |
| Monthly Average AUM (₹ Cr.) as on June 30, 2024 | 244.1717 |
| Net AUM (₹ Cr.) | 251.45 |
| Tracking Error Value~ ~1 Year Tracking Error is |
0.06% |
| Monthly Total Expense Ratio (Including Statutory Levies) as on June 30, 2024 | 0.05% |
| **For experience of Fund Managers Click Here | |
| ^The applicability of said threshold limit for all investors (other than Market Makers) has been extended for the below categories of investors till October 31, 2024:- 1. Schemes managed by Employee Provident Fund Organisation, India. 2. Recognized Provident Funds, Approved Gratuity Funds and Approved Superannuation Funds under Income Tax Act, 1961. |
|
| ₹ 725.3772(Per Unit) |
Mirae Asset Capital Markets (India) Private Limited
East India Securities Limited
Kanjalochana Finserve Private Limited
Parwati Capital Market Private Limited
| Portfolio Holdings | % Allocation |
Finance |
|
Power Finance Corporation Ltd |
3.23% |
REC Limited |
2.98% |
Cholamandalam Investment and Finance Company Ltd |
2.74% |
Jio Financial Services Limited |
1.77% |
SBI Cards and Payment Services Limited |
0.98% |
Bajaj Holdings & Investment Limited |
0.55% |
Indian Railway Finance Corporation Limited |
0.47% |
Retailing |
|
Trent Limited |
5.54% |
Info Edge (India) Ltd |
2.42% |
Zomato Limited |
1.85% |
Avenue Supermarts Limited |
1.05% |
Aerospace & Defense |
|
Bharat Electronics Ltd |
5.03% |
Hindustan Aeronautics Limited |
4.52% |
Banks |
|
Bank of Baroda |
2.35% |
Canara Bank |
1.84% |
Punjab National Bank |
1.68% |
Power |
|
Tata Power Company Limited |
3.42% |
Adani Power Limited |
0.99% |
Adani Green Energy Limited |
0.97% |
Adani Energy Solutions Limited |
0.45% |
Personal Products |
|
Godrej Consumer Products Limited |
2.39% |
Colgate Palmolive (India) Limited |
1.74% |
Dabur India Ltd |
1.61% |
Electrical Equipment |
|
Siemens Limited |
3.15% |
ABB India Limited |
2.06% |
Chemicals & Petrochemicals |
|
Pidilite Industries Limited |
2.21% |
SRF Limited |
1.62% |
Auto Components |
|
Samvardhana Motherson International Limited |
2.37% |
Bosch Limited |
1.34% |
Cement & Cement Products |
|
Ambuja Cements Limited |
1.82% |
Shree Cement Limited |
1.71% |
Insurance |
|
ICICI Lombard General Insurance Company Limited |
1.98% |
ICICI Prudential Life Insurance Company Limited |
1.08% |
Life Insurance Corporation Of India |
0.28% |
Transport Services |
|
InterGlobe Aviation Limited |
3.22% |
Gas |
|
GAIL (India) Limited |
2.71% |
Adani Total Gas Limited |
0.37% |
Diversified Metals |
|
Vedanta Limited |
2.94% |
Beverages |
|
United Spirits Limited |
1.70% |
Varun Beverages Limited |
1.17% |
Petroleum Products |
|
Indian Oil Corporation Ltd |
2.79% |
Consumer Durables |
|
Havells India Ltd |
2.10% |
Berger Paints (I) Limited |
0.65% |
Automobiles |
|
TVS Motor Company Ltd |
2.53% |
Realty |
|
DLF Limited |
2.43% |
Pharmaceuticals & Biotechnology |
|
Zydus Lifesciences Limited |
1.24% |
Torrent Pharmaceuticals Ltd |
1.17% |
Ferrous Metals |
|
Jindal Steel & Power Limited |
1.76% |
Agricultural Food & other Products |
|
Marico Limited |
1.46% |
Leisure Services |
|
Indian Railway Catering And Tourism Corporation Limited |
1.38% |
Equity Holding Total |
99.81% |
Cash & Other Receivables |
0.19% |
Total |
100.00% |
| Returns (in%) | ||||||
| 1 Year | 3 Years | Since inception | Value of 10000 invested Since Inception (in Rs.) | |||
| Mirae Asset Nifty Next 50 ETF | 64.18% |
23.68% |
22.81% |
24,881 |
||
| Scheme Benchmark* | 64.57% |
23.96% |
23.44% |
25,449 |
||
| Additional Benchmark** | 23.69% |
16.07% |
17.02% |
20,082 |
||
| NAV as on 30th June, 2024 | ₹ 725.3772 | |||||
| Index Value (30th June, 2024) | Index Value of benchmark is 1,01,490.40 and of additional benchmark is 1,21,991.93 | |||||
| Allotment Date | 24th January, 2020 | |||||
| Scheme Benchmark | *Nifty Next 50 Index (TRI) | |||||
| Additional Benchmark | **BSE Sensex (TRI)## | |||||
Fund manager : Ms. Ekta Gala & Mr. Vishal Singh managing the scheme since December 28, 2020 & (w.e.f August 28, 2023) respectively.
Note: Returns for 1 year and below are absolute returns, Returns above 1 year are CAGR- Compounded Annualized Growth returns.
Latest available NAV has been taken for return calculation wherever applicable
Past Performance may or may not be sustained in future.
Note : For computation of since inception returns (%) the allotment NAV has been taken as ₹291.5380. The performance of other funds managed by the same fund manager is given in the respective page of the schemes 
Different Plans under the scheme has different expense structure. The reference and details provided here in are of Regular Plan - Growth Option
This product is suitable for investors who are seeking*
• Returns that are commensurate with the performance of the NIFTY Next 50, subject to tracking errors over long term
• Investment in equity securities covered by the NIFTY Next 50
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
Live iNav is updated on Mirae Asset Mutual Fund website
NSE Symbol : NEXT50
BSE Code: 542922
Bloomberg Code: NEXT50 IN Equity
Reuters Code: MIRA.NS