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Mirae Asset Mutual Fund Launches Mirae Asset Nifty India Internet ETF

(An open-ended scheme replicating/tracking the Nifty India Internet Total Return Index)
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Mumbai, June 16, 2025:

Mirae Asset Investment Managers (India) Pvt. Ltd. announces the launch of the Mirae Asset Nifty India Internet ETF, An open-ended scheme replicating/tracking the Nifty India Internet Total Return Index. This thematic ETF offers investor an option to participate in India’s growing internet-based business ecosystem through a diversified portfolio of companies that derive a significant portion of their revenues from online platforms.

The Nifty India Internet Index is designed to capture the performance of companies operating primarily in the internet domain including segments such as e-commerce, fintech, web-based media & services, online travel, food delivery, digital entertainment etc. selected from the Nifty Total Market Index. The index comprises a mix of large, mid, and small-cap companies with a representation of emerging and digitally focused businesses.

The New Fund Offer (NFO) for Mirae Asset Nifty India Internet ETF will open for subscription on June 18, 2025, and close on June 25, 2025 and will re-open on July 02, 2025. The scheme will be managed by Ms. Ekta Gala and Mr. Akshay Udeshi.

The minimum initial investment during the NFO period will be INR 5,000 and in multiples of Re. 1 thereafter.

Announcing the launch, Mr. Swarup Anand Mohanty, Vice Chairman & CEO, Mirae Asset Investment Managers (India) Pvt. Ltd., said,

“India’s digital economy is not just growing—it is reshaping how businesses operate and how consumers engage. With the launch of the Mirae Asset Nifty India Internet ETF, we are continuing our endeavour to provide investors access to structural, long-term themes through simple and transparent vehicles like ETFs. This product aligns with our view that thematic investing can be a meaningful part of building a future-ready portfolio.”

Mr. Siddharth Srivastava, Head – ETF Products, Mirae Asset Investment Managers (India) Pvt. Ltd., added,

“The Mirae Asset Nifty India Internet ETF is intended to reflect the shift in India’s consumption and business landscape, where digital platforms are becoming central to engagement, delivery, and growth. By offering exposure to this evolving theme through an ETF, we aim to create access to a diversified basket of businesses that are part of India’s ongoing digital transformation.”

The Nifty India Internet Index includes companies that have a significant reliance on digital and online business models and reflects the broader internet economy in India. The index is reconstituted semi-annually and rebalanced quarterly. Currently Index consist of 21 stocks with top stock capped at 20% at the time of rebalancing. The portfolio will evolve as more digital and online centric companies get listed in future and form part of eligible universe.

Source: NSE Indices. Data as of May 31, 2025.

About Mirae Asset Investment Managers (India) Pvt. Ltd.

Established in 2008, Mirae Asset Mutual Fund is one of India’s fastest-growing fund houses. Mirae Asset Investment Managers (India) Pvt. Ltd. is the Asset Management Company (“AMC”) of Mirae Asset Mutual Fund.

As a pivotal player within Mirae Asset Global Investments, operating across 19 countries, Mirae Asset Investment Managers (India) Pvt. Ltd. is dedicated to collaborative management, offering a fully diversified investment platform. The AMC has 72 schemes available for investors spread across Equity funds, Debt funds, Hybrid Funds, and ETF funds. With expertise drawn from our global professionals, Mirae Asset Mutual Fund caters to clients’ evolving needs with innovative solutions across various asset classes, striving to align portfolios with investment objectives for sustainable growth and success.

RISKOMETER
mirae-asset-nifty50-equal-weight-etf

Note: The above Product Labelling assigned during the NFO is based on internal assessment of the scheme characteristics or model portfolio and the same may vary post NFO when the actual investments are made.

Disclaimers

NSE Indices Ltd Disclaimer: NSE INDICES LIMITED do not guarantee the accuracy and/or the completeness of the Nifty India Internet Index or any data included therein and NSE INDICES LIMITED shall have not have any responsibility or liability for any errors, omissions, or interruptions therein NSE INDICES LIMITED does not make any warranty, express or implied, as to results to be obtained by the Issuer, owners of the product(s), or any other person or entity from the use of the Nifty 50 Equal Weight Index or any data included therein NSE IND ICES LIMITED makes no express or implied warranties, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the index or any data included therein Without limiting any of the foregoing, NSE INDICES LIMITED expressly disclaim any and all liability for any claims ,damages or losses arising out of or related to the Products, including any and all direct, special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages

Statutory Details: Trustee: Mirae Asset Trustee Company Private Limited; Investment Manager: Mirae Asset Investment Managers (India) Private Limited (AMC); Sponsor: Mirae Asset Global Investments Company Limited.

The information contained in this document is compiled from third party and publicly available sources and is included for general information purposes only. There can be no assurance and guarantee on the yields. Views expressed by the Fund Manager cannot be construed to be a decision to invest. The statements contained herein are based on current views and involve known and unknown risks and uncertainties. Whilst Mirae Asset Investment Managers (India) Private Limited (the AMC) shall have no responsibility/liability whatsoever for the accuracy or any use or reliance thereof of such information. The AMC, its associate or sponsors or group companies, its Directors or employees accepts no liability for any loss or damage of any kind resulting out of the use of this document. The recipient(s) before acting on any information herein should make his/her/their own investigation and seek appropriate professional advice and shall alone be fully responsible / liable for any decision taken on the basis of information contained herein. Any reliance on the accuracy or use of such information shall be done only after consultation to the financial consultant to understand the specific legal, tax or financial implications.

 

For further information about other schemes (product labelling and performance of the fund) please visit the website of the AMC: www.miraeassetmf.co.in

Please consult your financial advisor or mutual fund distributor before investing

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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