Mirae Asset Nifty 8-13 yr G-Sec ETF - Growth
NAV as of Aug 30, 2024
26.840.01%
- Growth - Regular
(Earn upto 0.00% Extra Returns with Direct Plan)
Fund Category:
Debt: Gilt
Expense Ratio:
0.10%(0.97% Category
average)Fund Size:
Rs. 84.13 Cr(0.14% of Investment in Category)
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Mirae Asset Nifty 8-13 yr G-Sec ETF - Growth
NAV as of Aug 30, 2024
26.840.01%
Expense Ratio:
0.10%
Fund Size:
Rs. 84.13 Cr
Fund Category:
Debt: Gilt
1. Current NAV: The Current Net Asset Value of the Mirae Asset Nifty 8-13 yr G-Sec ETF as of Aug 30, 2024 is Rs 26.84 for Growth option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 8.89% (1yr) and 8.92% (since launch). Whereas, Category returns for the same time duration are: 8.78% (1yr), 5.6% (3yr) and 6.02% (5yr).
3. Fund Size: The Mirae Asset Nifty 8-13 yr G-Sec ETF currently holds Assets under Management worth of Rs 84.13 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.1% 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 8-13 yr G-Sec ETF - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 1.01 2.66 4.69 8.81 - - Category Avg 1.00 2.63 4.50 8.70 5.53 6.03 Rank within Category 15 14 10 10 - - No. of funds within Category 33 32 32 31 26 24 - Loading...
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Return Comparison
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Mirae Asset Nifty 8-13 yr G-Sec ETF - Growth Fund Details
Investment Objective - The scheme seeks to provide returns before expenses that correspond to the returns of Nifty 8-13 yr G-Sec Index, subject to tracking errors.
Fund House | Mirae Asset Mutual Fund |
Launch Date | Mar 31, 2023 |
Benchmark | NIFTY 8-13 yr G-Sec Index |
Return Since Launch | 8.9% |
Riskometer | Moderate |
Type | Open-ended |
Risk Grade | - |
Return Grade | - |
Mirae Asset Nifty 8-13 yr G-Sec 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
Portfolio Aggregates
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Modified Duration(Yrs) | 6.98 | 12.14 | 0.9561 | 7.6025 |
Average Maturity(Yrs) | 10.2 | 34.42 | 1.61 | 15.1297 |
Yield to Maturity(%) | 7.07 | 7.8073 | 6.89 | 7.0802 |
Avg Credit Rating | High | - | - | - |
Style Box
Investment / Portfolio Grades
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
Government Backed | 97.04 | 95.99 |
Low Risk | - | - |
Moderate Risk | - | - |
High Risk | - | - |
Very High Risk | - | - |
Others | 2.96 | 4.01 |
Type of Holdings
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
GOI | 97.04 | 86.59 |
CD | - | 0.02 |
T-Bills | - | 1.55 |
CP | - | - |
NCD & Bonds | - | - |
PTC | - | - |
Cash & Others | 2.95 | 11.84 |
Debt Holding In Portfolio
Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
---|---|---|---|---|---|---|
GOI | Long-term Debt | Sovereign | SOV | 308.70 | 36.69 | - |
GOI | Long-term Debt | Sovereign | SOV | 294.18 | 34.97 | - |
7.18% GOI 24/07/2037 | Long-term Debt | Sovereign | SOV | 213.49 | 25.38 | 21,00,000 |
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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 8-13 yr G-Sec ETF - Growth 26.84 Unrated 84.13 1.01 8.81 - - SBI Magnum Gilt Fund-Growth 62.26 8,870.92 0.99 9.03 6.58 6.97 ICICI Prudential Gilt Fund-Growth 95.86 6,361.60 0.81 7.95 6.31 7.17 Axis Gilt Fund Regular-Growth 23.98 436.09 1.12 9.95 5.88 6.65 Edelweiss Government Securities Fund Regular-Growth 23.23 158.79 0.96 9.66 5.92 6.83
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
- A.M.Amit ModaniSince Mar 20237 schemes
Mr. Modani is Chartered Accountant Prior to joining Mirae Asset Mutual Fund, he has worked with BOI AXA Mutual Fund, Quantum Asset Management Company Private Limited and Pramerica Asset Managers Pvt. Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Mirae Asset Corporate Bond Fund Regular - Growth Corporate Bond 11.92 49.41 7.23 Mirae Asset Money Market Fund Regular - Growth Money Market 1,183.82 180.00 7.35 Mirae Asset Dynamic Bond Fund Regular - Growth Dynamic Bond 15.19 141.97 6.80 Mirae Asset Multi Asset Allocation Fund Regular - Growth Multi Asset Allocation 11.32 Unrated 1,586.40 - Mirae Asset Nifty SDL Jun 2027 Index Fund Regular - Growth Target Maturity 11.49 Unrated 802.60 8.16 Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Regular - Growth Target Maturity 11.74 Unrated 239.66 8.61 Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Regular - Growth Target Maturity 11.39 Unrated 89.04 7.39
More Mirae Asset Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Mirae Asset Large Cap Fund Regular- Growth | 37,676.43 | 2.12 | 3.89 | 7.27 | 24.66 | 12.50 | |
Mirae Asset Large & Midcap Fund Regular-Growth | 33,711.38 | 1.68 | 7.26 | 12.60 | 38.56 | 17.33 | |
Mirae Asset ELSS Tax Saver Fund Regular-Growth | 21,301.58 | 2.01 | 6.68 | 11.57 | 34.75 | 16.17 | |
Mirae Asset Liquid Fund - Growth | 12,302.59 | 0.59 | 1.82 | 3.56 | 7.18 | 5.32 | |
Mirae Asset Midcap Fund Regular - Growth | 8,753.87 | 0.18 | 7.64 | 12.46 | 45.94 | 22.43 | |
Mirae Asset Focused Fund Regular - Growth | 8,651.77 | 0.66 | 2.31 | 2.70 | 20.22 | 10.43 | |
Mirae Asset Aggressive Hybrid Fund Regular-Growth | 8,413.74 | 2.04 | 5.90 | 9.46 | 26.34 | 12.85 | |
Mirae Asset Great Consumer Fund Regular-Growth | 3,138.00 | 1.89 | 2.50 | 9.91 | 36.78 | 20.13 | |
Mirae Asset Multicap Fund Regular - Growth | 2,439.86 | -0.06 | 6.66 | 12.97 | - | - | |
Mirae Asset Healthcare Fund Regular - Growth | 2,218.12 | 0.60 | 14.29 | 19.09 | 55.73 | 18.19 |
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1. Mirae Asset Nifty 8-13 yr G-Sec ETF is Open-ended Gilt Debt scheme which belongs to Mirae Asset Mutual Fund House.
2. The fund was launched on Mar 31, 2023.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide returns before expenses that correspond to the returns of Nifty 8-13 yr G-Sec Index, subject to tracking errors. "
2. It is benchmarked against NIFTY 8-13 yr G-Sec Index.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of Mirae Asset Nifty 8-13 yr G-Sec ETF is 10.2 years and Duration is 6.98 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on Mirae Asset Nifty 8-13 yr G-Sec ETF - Growth
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
FAQs about Mirae Asset Nifty 8-13 yr G-Sec ETF - Growth
- Is it safe to invest in Mirae Asset Nifty 8-13 yr G-Sec ETF?As per SEBI’s latest guidelines to calculate risk grades, investment in the Mirae Asset Nifty 8-13 yr G-Sec ETF comes under Moderate risk category.
- What is the category of Mirae Asset Nifty 8-13 yr G-Sec ETF?Mirae Asset Nifty 8-13 yr G-Sec ETF belongs to the Debt : Gilt category of funds.
- How Long should I Invest in Mirae Asset Nifty 8-13 yr G-Sec ETF?The suggested investment horizon of investing into Mirae Asset Nifty 8-13 yr G-Sec ETF is >5 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 8-13 yr G-Sec ETF?The Mirae Asset Nifty 8-13 yr G-Sec ETF is managed by Amit Modani (Since Mar 29, 2023).
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