Business News›Mutual Funds›Mirae Asset Mutual Fund › Mirae Asset Nifty EV and New Age Automotive ETF-Growth
Mirae Asset Nifty EV and New Age Automotive ETF-Gr...
Unrated
NAV as of Aug 30, 2024
33.930.25%
- Growth - Regular
(Earn upto 0.00% Extra Returns with Direct Plan)
Fund Category:
Equity: Thematic
Expense Ratio:
0.39%(1.49% Category
average)Fund Size:
Rs. 113.65 Cr(0.06% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Loading...
Invest in MF
ADD TO PORTFOLIO
Mirae Asset Nifty EV and New Age Automotive ETF-Growth
Unrated
NAV as of Aug 30, 2024
33.930.25%
Expense Ratio:
0.39%
Fund Size:
Rs. 113.65 Cr
Fund Category:
Equity: Thematic
Mirae Asset Nifty EV and New Age Automotive ETF-Growth Fund Key Highlights
1. Current NAV: The Current Net Asset Value of the Mirae Asset Nifty EV and New Age Automotive ETF as of Aug 30, 2024 is Rs 33.93 for Growth option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 2.28% (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 EV and New Age Automotive ETF currently holds Assets under Management worth of Rs 113.65 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.39% 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.
1. Current NAV: The Current Net Asset Value of the Mirae Asset Nifty EV and New Age Automotive ETF as of Aug 30, 2024 is Rs 33.93 for Growth option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 2.28% (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 EV and New Age Automotive ETF currently holds Assets under Management worth of Rs 113.65 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.39% 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 EV and New Age Automotive ETF-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.31 - - - - - Category Avg 0.58 13.25 22.39 47.81 21.05 24.51 Rank within Category 63 - - - - - No. of funds within Category 105 91 78 67 31 19 - Loading...
- Loading...
Return Comparison
- This Fund
- BenchmarkS&P BSE Sensex
Choose from Benchmarks
- Nifty 50
- 1M
- 3M
- 6M
- 1Y
- 5Y
Loading...
Mirae Asset Nifty EV and New Age Automotive ETF-Growth Fund Details
Investment Objective - The scheme seeks to generate returns, before expenses, that are commensurate with the performance of the Nifty EV and New Age Automotive Total Return Index, subject to tracking error. The Scheme does not guarantee or assure any returns.
| Fund House | Mirae Asset Mutual Fund |
| Launch Date | Jul 10, 2024 |
| Benchmark | Nifty EV and New Age Automotive Total Return Index |
| Return Since Launch | 2.58% |
| Riskometer | Very High |
| Type | Open-ended |
| Risk Grade | - |
| Return Grade | - |
Mirae Asset Nifty EV and New Age Automotive 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
Loading...
Asset Allocation History
Loading...
EquityDebtCash
Sector Allocation
Loading...
Market Cap Allocation
Loading...
Concentration & Valuation Analysis
| JUL 2024 | |
|---|---|
| Number of Holdings | 33 |
| Top 5 Company Holdings | 37.63% |
| Top 10 Company Holdings | 58.0% |
| Company with Highest Exposure | Tata Motors (9.35%) |
| Number of Sectors | 6 |
| Top 3 Sector Holdings | 86.25% |
| Top 5 Sector Holdings | 98.41% |
| Sector with Highest Exposure | Automobile (59.5%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Tata Motors Automobile 9.35 10.94 101.57 84.74 Maruti Suzuki India Automobile 8.35 26.56 467.02 29.44 Bajaj Auto Automobile 7.72 37.98 286.76 131.70 Mahindra & Mahindra Automobile 7.71 31.59 88.80 76.67 KPIT Technologies Technology 4.5 - - - L&T Technology Services Technology 4.16 46.32 123.42 33.59 Sona BLW Precision Forgings Automobile 4.13 - - - CG Power Capital Goods 4.1 72.62 9.59 72.27 Reliance Industries Energy 3.99 29.72 101.60 25.68 Bosch Automobile 3.99 37.49 864.02 70.34
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 EV and New Age Automotive ETF-Growth 33.93 Unrated 113.65 0.31 - - - ICICI Prudential Exports and Services Fund-Growth 162.13 Unrated 1,381.93 2.11 46.12 22.36 24.50 Aditya Birla Sun Life Transportation and Logistics Fund Regular-Growth 15.31 Unrated 1,612.99 1.19 - - - Aditya Birla Sun Life Special Opportunities Fund Regular-Growth 24.59 Unrated 792.08 1.86 43.72 17.47 - Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund Regular - Growth 11.68 Unrated 112.04 0.80 - - -
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 Jun 202421 schemes
- A.U.Akshay UdeshiSince Jun 20244 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. Udeshi has done B.E (Electronics) and MBA (Finance) Prior to joining Mirae Asset Mutual Fund, he was assocaited with Reliance Retail Ltd. and L&T Financial Services
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Mirae Asset Nifty 100 ESG Sector Leaders ETF - Growth Thematic-ESG 42.71 Unrated 138.22 35.45 Mirae Asset Nifty 100 ESG Sector Leaders FoF Regular - Growth Thematic-ESG 18.68 Unrated 113.40 34.84 Mirae Asset Gold ETF - Growth Gold 71.01 Unrated 313.94 20.06 Mirae Asset Silver ETF - Growth Silver 84.33 Unrated 63.04 13.12
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 |
Mutual Fund Tools
Top AMCs
- SBI Mutual Fund
- ICICI Prudential Mutual Fund
- HDFC Mutual Fund
- Nippon India Mutual Fund
- Kotak Mahindra Mutual Fund
- Aditya Birla Sun Life Mutual Fund
- UTI Mutual Fund
- Axis Mutual Fund
- Mirae Asset Mutual Fund
- DSP Mutual Fund
- Edelweiss Mutual Fund
- Tata Mutual Fund
- Bandhan Mutual Fund
- HSBC Mutual Fund
- Franklin Templeton Mutual Fund
About Mirae Asset Nifty EV and New Age Automotive ETF-Growth
1. Mirae Asset Nifty EV and New Age Automotive ETF is Open-ended Thematic Equity scheme which belongs to Mirae Asset Mutual Fund House.
2. The fund was launched on Jul 10, 2024.
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 EV and New Age Automotive Total Return Index, subject to tracking error. The Scheme does not guarantee or assure any returns. "
2. It is benchmarked against Nifty EV and New Age Automotive Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.96% in equities, 0.0% in debts and 0.04% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 58.0% of the assets, the top 3 sectors constitute around 86.25% 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 EV and New Age Automotive 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.
1. Mirae Asset Nifty EV and New Age Automotive ETF is Open-ended Thematic Equity scheme which belongs to Mirae Asset Mutual Fund House.
2. The fund was launched on Jul 10, 2024.
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 EV and New Age Automotive Total Return Index, subject to tracking error. The Scheme does not guarantee or assure any returns. "
2. It is benchmarked against Nifty EV and New Age Automotive Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.96% in equities, 0.0% in debts and 0.04% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 58.0% of the assets, the top 3 sectors constitute around 86.25% 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 EV and New Age Automotive 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 EV and New Age Automotive ETF-Growth
- Is it safe to invest in Mirae Asset Nifty EV and New Age Automotive ETF?As per SEBI’s latest guidelines to calculate risk grades, investment in the Mirae Asset Nifty EV and New Age Automotive ETF comes under Very High risk category.
- What is the category of Mirae Asset Nifty EV and New Age Automotive ETF?Mirae Asset Nifty EV and New Age Automotive ETF belongs to the Equity : Thematic category of funds.
- How Long should I Invest in Mirae Asset Nifty EV and New Age Automotive ETF?The suggested investment horizon of investing into Mirae Asset Nifty EV and New Age Automotive 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 EV and New Age Automotive ETF?The Mirae Asset Nifty EV and New Age Automotive ETF is managed by Ekta Gala (Since Jun 24, 2024) and Akshay Udeshi (Since Jun 24, 2024).
Date Sources: Mutual Funds, ETFs, and NPS data are sourced from Value Research. All times stamps are reflecting IST (Indian Standard Time). By using this site, you agree to the Terms of Service and Privacy Policy.
