Mirae Asset Nifty MidSmallcap400 Momentum Quality ...
NAV as of Aug 29, 2024
11.04-0.74%
- Growth - Direct
(Earn upto 0.65% Extra Returns with Direct Plan)
Fund Category:
Equity: Thematic
Expense Ratio:
0.06%(0.64% Category
average)Fund Size:
Rs. 164.99 Cr(0.09% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ET...
NAV as of Aug 29, 2024
11.04-0.74%
Expense Ratio:
0.06%
Fund Size:
Rs. 164.99 Cr
Fund Category:
Equity: Thematic
1. Current NAV: The Current Net Asset Value of the Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF - Direct Plan as of Aug 29, 2024 is Rs 11.04 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 11.28% (since launch). Whereas, Category returns for the same time duration are: 48.27% (1yr), 21.79% (3yr) and 24.35% (5yr).
3. Fund Size: The Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF - Direct Plan currently holds Assets under Management worth of Rs 164.99 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.06% for Direct plan as on Aug 01, 2024.
5. Exit Load: Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF - Direct Plan shall attract an Exit Load, "Exit load of 0.5%, if redeemed within 3 months."
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 500.
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.01 - - - - - Category Avg 0.57 11.65 21.71 47.46 21.74 24.55 Rank within Category 62 - - - - - No. of funds within Category 104 90 78 67 31 19 - Loading...
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Return Comparison
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Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct - Growth Fund Details
Investment Objective - The scheme seeks to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF. There is no assurance that the investment objective of the Scheme will be realized.
Fund House | Mirae Asset Mutual Fund |
Launch Date | May 30, 2024 |
Benchmark | Nifty MidSmallcap400 Momentum Quality 100 Total Return Index |
Return Since Launch | 10.45% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | - |
Return Grade | - |
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct - Growth Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | 500.00 |
Minimum Withdrawal (Rs.) | - |
Exit Load Exit load of 0.5%, if redeemed within 3 months. |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
JUL 2024 | JUN 2024 | MAY 2024 | |
---|---|---|---|
Number of Holdings | 1 | 1 | 1 |
Top 5 Company Holdings | 100.09% | 99.84% | 99.83% |
Top 10 Company Holdings | 100.09% | 99.84% | 99.83% |
Company with Highest Exposure | Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF-G (100.09%) | Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF-G (99.84%) | Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF-G (99.83%) |
Number of Sectors | 15 | 15 | 16 |
Top 3 Sector Holdings | 46.45% | 46.64% | 47.95% |
Top 5 Sector Holdings | 62.93% | 63.33% | 64.46% |
Sector with Highest Exposure | Capital Goods (25.1%) | Capital Goods (26.22%) | Financial (19.78%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF-G Unclassified 100.09 - - -
![Discover Mutual Funds](/https/economictimes.indiatimes.com/photo/msid-100097201,quality-100/discover-mf.jpg)
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 MidSmallcap400 Momentum Quality 100 ETF FoF Direct - Growth 11.04 Unrated 164.99 0.04 - - - Kotak Quant Fund Direct - Growth 15.88 Unrated 892.43 -0.53 59.20 - - Franklin India Opportunities Direct Fund-Growth 276.65 Unrated 5,026.36 1.80 70.19 31.28 31.62 Union Business Cycle Fund Direct - Growth 11.80 Unrated 534.46 2.41 - - - Kotak Pioneer Fund Direct - Growth 32.78 Unrated 2,645.42 2.26 46.05 21.30 -
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 May 20247 schemes
- V.S.Vishal SinghSince May 20246 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.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Mirae Asset Nifty 200 Alpha 30 ETF FoF Direct-Growth Large Cap 10.33 Unrated 132.59 - Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF FoF Direct - Growth Thematic 11.89 Unrated 170.23 - Mirae Asset Nifty India Manufacturing ETF FoF Direct - Growth Thematic 19.23 Unrated 113.99 55.89 Mirae Asset Hang Seng TECH ETF FoF Direct - Growth International 7.07 Unrated 67.97 -8.66 Mirae Asset S&P 500 Top 50 ETF FoF Direct - Growth International 15.44 Unrated 545.57 33.18 Mirae Asset NYSE FANG+ ETF FoF Direct - Growth International 19.98 Unrated 1,555.63 50.74 Mirae Asset Nifty 100 ESG Sector Leaders FoF Direct - Growth Thematic-ESG 18.85 Unrated 113.40 34.52 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.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Mirae Asset Nifty 200 Alpha 30 ETF FoF Direct-Growth Large Cap 10.33 Unrated 132.59 - Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF FoF Direct - Growth Thematic 11.89 Unrated 170.23 - Mirae Asset NYSE FANG+ ETF FoF Direct - Growth International 19.98 Unrated 1,555.63 50.74 Mirae Asset S&P 500 Top 50 ETF FoF Direct - Growth International 15.44 Unrated 545.57 33.18 Mirae Asset Hang Seng TECH ETF FoF Direct - Growth International 7.07 Unrated 67.97 -8.66 Mirae Asset Nifty India Manufacturing ETF FoF Direct - Growth Thematic 19.23 Unrated 113.99 55.89
More Mirae Asset Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Mirae Asset Large Cap Fund Direct- Growth | 37,676.43 | 2.21 | 4.15 | 7.80 | 25.92 | 13.67 | |
Mirae Asset Large & Midcap Fund Direct-Growth | 33,711.38 | 1.76 | 7.52 | 13.13 | 39.89 | 18.49 | |
Mirae Asset ELSS Tax Saver Fund Direct-Growth | 21,301.58 | 2.10 | 6.94 | 12.11 | 36.12 | 17.52 | |
Mirae Asset Liquid Fund Direct- Growth | 12,302.59 | 0.60 | 1.84 | 3.61 | 7.29 | 5.42 | |
Mirae Asset Midcap Fund Direct - Growth | 8,753.87 | 0.28 | 7.94 | 13.08 | 47.57 | 23.96 | |
Mirae Asset Focused Fund Direct - Growth | 8,651.77 | 0.77 | 2.62 | 3.30 | 21.64 | 11.85 | |
Mirae Asset Aggressive Hybrid Fund Direct-Growth | 8,413.74 | 2.16 | 6.25 | 10.20 | 28.05 | 14.42 | |
Mirae Asset Great Consumer Fund Direct-Growth | 3,138.00 | 2.01 | 2.88 | 10.71 | 38.81 | 21.99 | |
Mirae Asset Multicap Fund Direct - Growth | 2,439.86 | 0.07 | 7.06 | 13.86 | - | - | |
Mirae Asset Healthcare Fund Direct - Growth | 2,218.12 | 0.73 | 14.72 | 19.97 | 58.06 | 20.00 |
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1. Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF - Direct Plan is Open-ended Thematic Equity scheme which belongs to Mirae Asset Mutual Fund House.
2. The fund was launched on May 30, 2024.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF. There is no assurance that the investment objective of the Scheme will be realized. "
2. It is benchmarked against Nifty MidSmallcap400 Momentum Quality 100 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.99% in equities, 0.0% in debts and 0.01% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 100.09% of the assets, the top 3 sectors constitute around 46.45% of the assets.
3. The fund largely follows a Blend 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 MidSmallcap400 Momentum Quality 100 ETF FoF Direct - 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.
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FAQs about Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct - Growth
- Is it safe to invest in Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF - Direct Plan comes under Very High risk category.
- What is the category of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF - Direct Plan?Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF - Direct Plan belongs to the Equity : Thematic category of funds.
- How Long should I Invest in Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF - Direct Plan?The suggested investment horizon of investing into Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF - Direct Plan 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 MidSmallcap400 Momentum Quality 100 ETF FoF - Direct Plan?The Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF - Direct Plan is managed by Ekta Gala (Since May 10, 2024) and Vishal Singh (Since May 10, 2024).
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