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Mirae Asset Mutual Fund Launches Mirae Asset Nifty50 Equal Weight ETF

An open-ended scheme replicating/tracking Nifty50 Equal weight Total Return Index
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Key Highlights:

Better diversification: Equal weight to all Nifty 50 large cap companies with an aim to reduce concentrated exposure

More representative: Each stock weight is around 2%, making it more representative of broader market trends

Systematic Rebalancing: The Nifty50 Equal Weight Index is reconstituted semi-annually, with each stock’s weight reset to 2% at the end of every quarter

Mumbai, April 30, 2025:

Mirae Asset Investment Managers (India) Pvt. Ltd. announces the launch of ‘Mirae Asset Nifty50 Equal Weight ETF’, an open-ended scheme replicating/tracking Nifty50 Equal weight Total Return Index. The fund aims to provide investors with an opportunity to invest with equal weight across Nifty 50 stocks.

Nifty50 equal weight index gives equal weight to all Nifty 50 large cap companies reducing concentrated exposure to individual stocks and providing better diversification. Each stock weight is around 2%, limiting overexposure to a few large-cap stocks and providing relatively more weightage to tail stocks and thus making index more representative of broader market trends.

Nifty50 Equal Weight Index exhibits cyclical behaviour where it may potentially outperform during broad market rally, on the other side it may underperform during market corrections or during phases when market is driven by select large cap stocks.

The New Fund Offer (NFO) for Mirae Asset Nifty50 Equal Weight ETFwill open for subscription on April 30, 2025, and close on May 6, 2025. The scheme will re-open for continuous sale and repurchase on May 12, 2025. In the scheme, the minimum initial investment during New Fund Offer will be Rs 5,000/- (Rupees Five Thousand) with subsequent investments being multiples of Re 1.

“Mirae Asset Nifty50 Equal Weight ETF seeks to capitalise on opportunities in large cap segment when market is driven by a wider set of companies typically during broad based economic growth, in a disciplined manner by providing equal opportunity to each and every company in the Nifty 50 portfolio,” said Siddharth Srivastava, Head – ETF products and Fund Manager, Mirae Asset Investment Managers (India).

Investing in portfolio of Nifty50 Equal Weight index may be suitable for investors who are looking for more diversified exposure in Nifty 50 companies with lower top stock concentration and higher potential contribution from tail stocks. This strategy may work well when there is a broad market performance and when market is not driven by select larger Nifty 50 companies.

The fund will be managed by Ms. Ekta Gala & Mr. Akshay Udeshi.

Source for all data: Bloomberg, ACE, AMFI. Data as on: 31 March 2025. Large Cap Companies are top 100 companies by market capitalization as per AMFI classification.

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 76 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 50 Equal Weight 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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