Mirae Asset Nifty IT ETF - Growth
NAV as of Aug 29, 2024
43.330.46%
- Growth - Regular
(Earn upto 0.00% Extra Returns with Direct Plan)
Fund Category:
Equity: Sectoral-Technology
Expense Ratio:
0.09%(1.01% Category
average)Fund Size:
Rs. 140.54 Cr(0.32% of Investment in Category)
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Mirae Asset Nifty IT ETF - Growth
NAV as of Aug 29, 2024
43.330.46%
Expense Ratio:
0.09%
Fund Size:
Rs. 140.54 Cr
Fund Category:
Equity: Sectoral-Technology
1. Current NAV: The Current Net Asset Value of the Mirae Asset Nifty IT ETF as of Aug 29, 2024 is Rs 43.33 for Growth option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 39.88% (since launch). Whereas, Category returns for the same time duration are: 42.86% (1yr), 11.65% (3yr) and 27.96% (5yr).
3. Fund Size: The Mirae Asset Nifty IT ETF currently holds Assets under Management worth of Rs 140.54 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.09% for Regular plan as on Aug 01, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 0. Minimum SIP investment is Rs 0.
Mirae Asset Nifty IT ETF - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 4.36 27.85 14.08 - - - Category Avg 4.26 25.91 15.62 42.95 11.76 27.97 Rank within Category 7 1 9 - - - No. of funds within Category 26 26 23 17 10 5 - Loading...
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Return Comparison
- This Fund
- BenchmarkNIFTY IT Total Return Index
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Mirae Asset Nifty IT ETF - Growth Fund Details
Investment Objective - The scheme seeks to generate returns, before expenses, that are commensurate with the performance of the Nifty IT Total Return Index, subject to tracking error.
Fund House | Mirae Asset Mutual Fund |
Launch Date | Oct 20, 2023 |
Benchmark | NIFTY IT Total Return Index |
Return Since Launch | 40.53% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | - |
Return Grade | - |
Mirae Asset Nifty IT ETF - Growth Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | - |
Minimum SIP Investment (Rs.) | - |
Minimum Withdrawal (Rs.) | - |
Exit Load | 0% |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
JUL 2024 | JUN 2024 | MAY 2024 | APR 2024 | MAR 2024 | FEB 2024 | |
---|---|---|---|---|---|---|
Number of Holdings | 10 | 10 | 10 | 10 | 10 | 10 |
Top 5 Company Holdings | 80.12% | 79.72% | 80.41% | 81.34% | 80.49% | 80.89% |
Top 10 Company Holdings | 99.71% | 99.5% | 99.27% | 100.03% | 100.0% | 100.02% |
Company with Highest Exposure | Infosys (28.55%) | Infosys (26.94%) | Infosys (26.92%) | Infosys (26.71%) | Infosys (26.8%) | Infosys (27.76%) |
Number of Sectors | 1 | 1 | 1 | 1 | 1 | 1 |
Top 3 Sector Holdings | 99.7% | 99.5% | 99.27% | 100.01% | 100.01% | 100.02% |
Top 5 Sector Holdings | 99.7% | 99.5% | 99.27% | 100.01% | 100.01% | 100.02% |
Sector with Highest Exposure | Technology (99.7%) | Technology (99.5%) | Technology (99.27%) | Technology (100.01%) | Technology (100.01%) | Technology (100.02%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Infosys Technology 28.55 30.28 64.20 36.38 Tata Consultancy Technology 24.71 35.15 129.55 33.64 HCL Technologies Technology 9.67 28.97 60.53 51.34 Tech Mahindra Technology 9.28 63.58 25.74 37.51 Wipro Technology 7.91 25.19 21.37 32.00 LTIMindtree Technology 5.57 39.94 154.12 19.38 Persistent Systems Technology 5.43 68.02 76.02 98.89 Coforge Technology 4.47 54.07 117.33 20.22 Mphasis Technology 2.58 37.56 82.67 34.29 L&T Technology Services Technology 1.54 46.32 123.42 33.59
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Mirae Asset Nifty IT ETF - Growth 43.33 Unrated 140.54 4.76 - - - ICICI Prudential Nifty IT ETF - Growth 45.48 Unrated 483.36 4.75 39.81 9.25 - Edelweiss Technology Fund Regular - Growth 11.87 Unrated 592.62 2.75 - - - SBI Nifty IT ETF - Growth 454.65 Unrated 116.34 4.74 39.72 9.19 - Kotak Technology Fund Regular - Growth 12.57 Unrated 456.91 5.54 - - -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
Mirae Asset Mutual Fund News
Fund Manager
- E.G.Ekta GalaSince Oct 202321 schemes
- V.S.Vishal SinghSince Oct 202318 schemes
Ms. Gala is a B.Com & Inter CA (IPCC) Prior to joining Mirae Asset Mutual Fund, she has worked with ICICI Prudential Asset Management Company Ltd.
Mr. Singh has done B.Com, CA, CFA and FRM Prior to joining Mirae Asset Mutual Fund, he was associated with NSE Indices Ltd. and Aranca (India) Private Ltd.
More Mirae Asset Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Mirae Asset Large Cap Fund Regular- Growth | 37,631.07 | 5.61 | 9.56 | 10.95 | 24.84 | 13.99 | |
Mirae Asset Large & Midcap Fund Regular-Growth | 35,272.60 | 5.43 | 13.88 | 16.40 | 40.15 | 18.55 | |
Mirae Asset ELSS Tax Saver Fund Regular-Growth | 22,620.57 | 5.41 | 12.89 | 15.50 | 36.03 | 17.68 | |
Mirae Asset Midcap Fund Regular - Growth | 15,353.87 | 5.98 | 18.70 | 20.20 | 49.81 | 24.17 | |
Mirae Asset Liquid Fund - Growth | 11,570.11 | 0.60 | 1.85 | 3.72 | 7.27 | 5.70 | |
Mirae Asset Aggressive Hybrid Fund Regular-Growth | 8,563.76 | 5.21 | 9.53 | 12.18 | 25.59 | 13.92 | |
Mirae Asset Focused Fund Regular - Growth | 7,920.31 | 5.02 | 7.93 | 7.78 | 18.40 | 10.96 | |
Mirae Asset Great Consumer Fund Regular-Growth | 3,409.20 | 5.99 | 16.39 | 16.13 | 34.29 | 22.42 | |
Mirae Asset Multicap Fund Regular - Growth | 2,778.68 | 5.26 | 14.84 | 16.05 | - | - | |
Mirae Asset Nifty 50 ETF - Growth | 2,388.15 | 5.14 | 7.29 | 10.67 | 26.32 | 15.80 |
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1. Mirae Asset Nifty IT ETF is Open-ended Sectoral-Technology Equity scheme which belongs to Mirae Asset Mutual Fund House.
2. The fund was launched on Oct 20, 2023.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate returns, before expenses, that are commensurate with the performance of the Nifty IT Total Return Index, subject to tracking error. "
2. It is benchmarked against NIFTY IT Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.7% in equities, 0.0% in debts and 0.3% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 99.71% of the assets, the top 3 sectors constitute around 99.7% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Mirae Asset Nifty IT ETF - Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
FAQs about Mirae Asset Nifty IT ETF - Growth
- Is it safe to invest in Mirae Asset Nifty IT ETF?As per SEBI’s latest guidelines to calculate risk grades, investment in the Mirae Asset Nifty IT ETF comes under Very High risk category.
- What is the category of Mirae Asset Nifty IT ETF?Mirae Asset Nifty IT ETF belongs to the Equity : Sectoral-Technology category of funds.
- How Long should I Invest in Mirae Asset Nifty IT ETF?The suggested investment horizon of investing into Mirae Asset Nifty IT ETF is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Mirae Asset Nifty IT ETF?The Mirae Asset Nifty IT ETF is managed by Ekta Gala (Since Oct 13, 2023) and Vishal Singh (Since Oct 13, 2023).
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