View Performance of the funds managed by the Fund Manager
The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty Financial Services Total Return Index, subject to tracking error. The Scheme does not guarantee or assure any returns.
The Mirae Asset Nifty Financial Services ETF will be managed passively with investments in stocks in a proportion that match as close as possible to the weights of these stocks in Nifty Financial Services Index.
The investment strategy would revolve around reducing the tracking error to the least possible through regular rebalancing of the portfolio, considering the change in weights of stocks in the Index as well as the incremental collections/redemptions in the Scheme. A part of the funds may be invested in debt and money market instruments, to meet the liquidity requirements.
An open-ended scheme replicating/tracking Nifty Financial Services Total Return Index
Ms. Ekta Gala
Mr. Vishal Singh (Since 28th August 2023)
30th July 2021
Nifty Financial Services Total Return Index (TRI)
On exchange ( in multiple of 1 units), Directly with AMC ( in multiple of 3,00,000 units)
NSE & BSE (Maximum within 5 business days from the date of allotment)
Mirae Asset Capital Markets (India) Private Limited
East India Securities Limited
Kanjalochana Finserve Private Limited
Parwati Capital Market Private Limited
Vaibhav Stock & Derivatives Broking Private Limited
Click here to View
5+ Years
Replicate/track Nifty Financial Services Index (TRI)
Wealth Creation
Name | Allocation | |
1 | HDFC Bank Limited | 22.71% |
2 | ICICI Bank Limited | 17.89% |
3 | Housing Development Finance Corporation Limited | 15.25% |
4 | Kotak Mahindra Bank Limited | 9.08% |
5 | Axis Bank Limited | 7.08% |
6 | Bajaj Finance Limited | 6.82% |
7 | State Bank of India | 6.68% |
8 | Bajaj Finserv Limited | 3.64% |
9 | HDFC Life Insurance Company Limited | 1.76% |
10 | SBI Life Insurance Company Limited | 1.74% |
*Data as on 31st March, 2022.
Mirae Asset ETF is a part of Mirae Asset Mutual Fund and is used for Exchange Traded Funds managed by Mirae Asset Investment Managers (India) Private Limited.
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If Inflation rate is selected then
futureValue = Future value considering the inflation rate
else
Calculate on current value.
SIPAmount = parseInt(-((Rate of interest / 12) * (-futureValue + (interest amount on loan * 0))) / ((-1 + interest amount on loan) * (1 + (rate of interest / 12))));
Annual Return = (Last NAV of the year - Last NAV of the previous year) / Last NAV of the previous year
For more details, please visit the AMFI website
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