Mirae Asset Nifty Bank ETF

Fund Overview

Fund Size

₹147 Cr

Expense Ratio

0.09%

ISIN

INF769K01KR3

Minimum SIP

Exit Load

Inception Date

20 Jul 2023

About this fund

Mirae Asset Nifty Bank ETF is a Sector - Financial Services mutual fund schemes offered by Mirae Asset India Mutual Fund. This fund has been in existence for 1 years and 6 days, having been launched on 20-Jul-23.
As of 25-Jul-24, it has a Net Asset Value (NAV) of ₹512.11, Assets Under Management (AUM) of 147.35 Crores, and an expense ratio of 0.09%.

Mirae Asset Nifty Bank ETF has given a CAGR return of 10.70% since inception.
The fund's asset allocation comprises around 99.57% in equities, 0.00% in debts, and 0.43% in cash & cash equivalents.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+11.87%

+17.99% (Cat Avg.)

Since Inception

+10.70%

— (Cat Avg.)

Portfolio Summaryas of 30th June 2024

Equity	₹146.72 Cr	99.57%
Others	₹0.63 Cr	0.43%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
HDFC Bank Ltd	Equity	₹41.64 Cr	28.26%
ICICI Bank Ltd	Equity	₹34.41 Cr	23.36%
Kotak Mahindra Bank Ltd	Equity	₹14.91 Cr	10.12%
State Bank of India	Equity	₹14.85 Cr	10.08%
Axis Bank Ltd	Equity	₹14.67 Cr	9.95%
IndusInd Bank Ltd	Equity	₹8.11 Cr	5.50%
Bank of Baroda	Equity	₹4.29 Cr	2.91%
The Federal Bank Ltd	Equity	₹3.52 Cr	2.39%
AU Small Finance Bank Ltd	Equity	₹3.13 Cr	2.13%
Punjab National Bank	Equity	₹3.07 Cr	2.08%
IDFC First Bank Ltd	Equity	₹2.72 Cr	1.85%
Bandhan Bank Ltd	Equity	₹1.4 Cr	0.95%
Net Receivables / (Payables)	Cash	₹0.55 Cr	0.38%
Treps	Cash - Repurchase Agreement	₹0.08 Cr	0.05%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹146.72 Cr	99.57%

Risk & Performance Ratios

Fund Managers

Ekta Gala

Since July 2023

Vishal Singh

Since August 2023

Additional Scheme Detailsas of 30th June 2024

ISIN

INF769K01KR3

Expense Ratio

0.09%

Exit Load

Fund Size

₹147 Cr

Age

20 Jul 2023

Lumpsum Minimum

₹5,000

Fund Status

Open Ended Investment Company

Benchmark

Nifty Bank TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Withdrawal within 1 year

Flat 15% tax on realised gains (STCG - short term capital gains)

Withdrawal after 1 year

10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Sector - Financial Services Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Tata Nifty Private Bank ETF Very High Risk	0.1%	-	₹9.45 Cr	8.9%
Aditya Birla Sun Life Nifty Financial Services ETF Very High Risk	-	-	-	-
Nippon India ETF Nifty PSU Bank BeES Very High Risk	0.5%	-	₹2759.48 Cr	59.2%
Kotak Nifty PSU Bank ETF Very High Risk	0.5%	-	₹1477.69 Cr	59.3%
HDFC Nifty Bank ETF Very High Risk	0.2%	-	₹2535.06 Cr	11.8%
ICICI Prudential Nifty Private Banks ETF Very High Risk	0.1%	-	₹1911.12 Cr	14.1%
Axis NIFTY Bank ETF Very High Risk	0.2%	-	₹274.29 Cr	11.7%
ICICI Prudential Banking and Financial Services Regular Growth Very High Risk	1.9%	1.0%	₹7671.24 Cr	18.8%
UTI Banking and Financial Services Fund Regular Growth Very High Risk	2.2%	1.0%	₹1140.83 Cr	19.3%
Nippon India Banking & Financial Services Fund Regular Growth Very High Risk	1.9%	1.0%	₹5932.60 Cr	22.7%

About the AMC

Mirae Asset India Mutual Fund

022-6780 0300

https://www.miraeassetmf.co.in/

Total AUM

₹1,73,546 Cr

Address

Unit No. 606, 6th Floor, Mumbai, 400 098

Other Funds by Mirae Asset India Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Mirae Asset Multi Asset Allocation Fund Direct Growth High Risk	0.4%	1.0%	₹1524.79 Cr	-
Mirae Asset Great Consumer Fund Direct Growth Very High Risk	0.4%	1.0%	₹3751.14 Cr	38.6%
Mirae Asset Cash Management Direct Growth Low to Moderate Risk	0.1%	0.0%	₹10728.82 Cr	7.4%
Mirae Asset Emerging Bluechip Direct Growth Very High Risk	0.6%	1.0%	₹37846.07 Cr	39.3%
Mirae Asset Large Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹39951.46 Cr	26.6%
Mirae Asset Savings Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹616.30 Cr	7.7%
Mirae Asset Money Market Fund Direct Growth Moderate Risk	0.2%	0.0%	₹139.18 Cr	7.6%
Mirae Asset Focused Fund Direct Growth Very High Risk	0.6%	1.0%	₹8255.25 Cr	21.0%
Mirae Asset Dynamic Bond Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹146.35 Cr	7.3%
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹1510.97 Cr	53.7%
Mirae Asset Hybrid Equity Fund Direct Growth Very High Risk	0.4%	1.0%	₹8962.66 Cr	26.5%
Mirae Asset Equity Allocator Fund of Fund Direct Growth Very High Risk	0.0%	0.0%	₹837.40 Cr	34.6%
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹110.62 Cr	29.8%
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹539.13 Cr	35.9%
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹800.19 Cr	7.7%
Mirae Asset Ultra Short Duration Fund Direct Growth Moderate Risk	0.2%	0.0%	₹1672.07 Cr	7.7%
Mirae Asset Flexi Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹2072.15 Cr	30.7%
Mirae Asset Banking and Financial Services Fund Direct Growth Very High Risk	0.6%	1.0%	₹1822.75 Cr	21.3%
Mirae Asset Multicap Fund Direct Growth Very High Risk	0.4%	1.0%	₹3120.86 Cr	-
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹103.28 Cr	53.5%
Mirae Asset Tax Saver Fund Direct Growth Very High Risk	0.6%	0.0%	₹24345.83 Cr	36.3%
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹77.19 Cr	7.5%
Mirae Asset Corporate Bond Fund Direct Growth Moderate Risk	0.2%	0.0%	₹44.56 Cr	7.3%
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹72.44 Cr	-6.9%
Mirae Asset Equity Savings Fund Direct Growth Moderately High risk	0.3%	1.0%	₹1126.87 Cr	17.6%
Mirae Asset Banking and PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹58.89 Cr	7.3%
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth Very High Risk	0.3%	1.0%	₹333.10 Cr	22.2%
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth Very High Risk	0.2%	1.0%	₹72.13 Cr	-14.3%
Mirae Asset Overnight Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹989.80 Cr	6.9%
Mirae Asset Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹336.75 Cr	7.6%
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹231.20 Cr	8.0%
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹88.92 Cr	7.4%
Mirae Asset Healthcare Fund Direct Growth Very High Risk	0.5%	1.0%	₹2312.48 Cr	45.8%
Mirae Asset Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹2114.07 Cr	8.7%
Mirae Asset Midcap Fund Direct Growth Very High Risk	0.6%	1.0%	₹16667.30 Cr	46.8%
Mirae Asset Balanced Advantage Fund Direct Growth High Risk	0.7%	1.0%	₹1655.04 Cr	21.5%

Risk Level

Your principal amount will be at Very High Risk

Still got questions?
We're here to help.

What is the current NAV of Mirae Asset Nifty Bank ETF?

The NAV of Mirae Asset Nifty Bank ETF, as of 25-Jul-2024, is ₹512.11.

What is the portfolio composition of Mirae Asset Nifty Bank ETF?

The fund's allocation of assets is distributed as 99.57% in equities, 0.00% in bonds, and 0.43% in cash and cash equivalents.

Who manages the Mirae Asset Nifty Bank ETF?

The fund managers responsible for Mirae Asset Nifty Bank ETF are:-

Ekta Gala
Vishal Singh

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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