Dezerv

Fund Overview

Fund Size

Fund Size

₹274 Cr

Expense Ratio

Expense Ratio

0.12%

ISIN

ISIN

INF769K01HI8

Minimum SIP

Minimum SIP

-

Exit Load

Exit Load

-

Inception Date

Inception Date

30 Jul 2021

About this fund

Mirae Asset Nifty Financial Services ETF is a Sector - Financial Services mutual fund schemes offered by Mirae Asset India Mutual Fund. This fund has been in existence for 2 years, 9 months and 20 days, having been launched on 30-Jul-21.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹21.92, Assets Under Management (AUM) of 274.34 Crores, and an expense ratio of 0.12%.
  • Mirae Asset Nifty Financial Services ETF has given a CAGR return of 10.75% since inception.
  • The fund's asset allocation comprises around 100.01% in equities, 0.00% in debts, and -0.01% 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

+12.25%

+19.55% (Cat Avg.)

Since Inception

+10.75%

(Cat Avg.)

Portfolio Summaryas of 30th April 2024

Equity274.36 Cr100.01%
Others-0.02 Cr-0.01%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
HDFC Bank LtdEquity85.38 Cr31.12%
ICICI Bank LtdEquity60.33 Cr21.99%
Axis Bank LtdEquity24.72 Cr9.01%
State Bank of IndiaEquity23.68 Cr8.63%
Kotak Mahindra Bank LtdEquity17.84 Cr6.50%
Bajaj Finance LtdEquity14.4 Cr5.25%
Bajaj Finserv LtdEquity6.54 Cr2.39%
Shriram Finance LtdEquity5.3 Cr1.93%
SBI Life Insurance Company LimitedEquity4.83 Cr1.76%
Power Finance Corp LtdEquity4.79 Cr1.75%
REC LtdEquity4.69 Cr1.71%
HDFC Life Insurance Company LimitedEquity4.59 Cr1.67%
Cholamandalam Investment and Finance Co LtdEquity3.67 Cr1.34%
ICICI Lombard General Insurance Co LtdEquity3.27 Cr1.19%
HDFC Asset Management Co LtdEquity2.92 Cr1.06%
ICICI Prudential Life Insurance Company LimitedEquity1.66 Cr0.61%
SBI Cards and Payment Services Ltd Ordinary SharesEquity1.6 Cr0.58%
LIC Housing Finance LtdEquity1.52 Cr0.55%
Muthoot Finance LtdEquity1.39 Cr0.51%
IDFC LtdEquity1.21 Cr0.44%
Net Receivables / (Payables)Cash-0.02 Cr0.01%
TrepsCash - Repurchase Agreement0 Cr0.00%

Allocation By Market Cap (Equity)

Large Cap Stocks

92.06%

Mid Cap Stocks

7.51%

Small Cap Stocks

0.44%

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services274.36 Cr100.01%

Risk & Performance Ratios

Standard Deviation

This fund

--

Cat. avg.

17.10%

Lower the better

Sharpe Ratio

This fund

--

Cat. avg.

0.73

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

1.35

Higher the better

Fund Managers

Ekta Gala

Ekta Gala

Since July 2021

VS

Vishal Singh

Since August 2023

Additional Scheme Detailsas of 30th April 2024

ISININF769K01HI8Expense Ratio0.12%Exit Load-Fund Size₹274 CrAge30 Jul 2021Lumpsum Minimum-Fund StatusOpen Ended Investment CompanyBenchmarkNifty Financial Services TR INR

Investment ObjectiveInvestment 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 nameExpense RatioExit LoadFund size
1Y
Tata Nifty Private Bank ETF

Very High Risk

0.1%-₹8.67 Cr8.7%
Aditya Birla Sun Life Nifty Financial Services ETF

Very High Risk

----
Nippon India ETF Nifty PSU Bank BeES

Very High Risk

0.5%-₹2875.67 Cr76.4%
Kotak Nifty PSU Bank ETF

Very High Risk

0.5%-₹1687.15 Cr76.5%
HDFC Nifty Bank ETF

Very High Risk

0.2%-₹2439.51 Cr10.9%
ICICI Prudential Nifty Private Banks ETF

Very High Risk

0.1%-₹1911.12 Cr14.1%
Axis NIFTY Bank ETF

Very High Risk

0.2%-₹201.28 Cr10.9%
ICICI Prudential Banking and Financial Services Regular Growth

Very High Risk

1.8%1.0%₹7423.85 Cr18.1%
UTI Banking and Financial Services Fund Regular Growth

Very High Risk

2.3%1.0%₹1079.86 Cr21.2%
Nippon India Banking & Financial Services Fund Regular Growth

Very High Risk

1.9%1.0%₹5541.72 Cr25.3%

About the AMC

Total AUM

₹1,63,012 Cr

Address

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

Other Funds by Mirae Asset India Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Mirae Asset Multi Asset Allocation Fund Direct Growth

High Risk

0.4%1.0%₹1406.88 Cr-
Mirae Asset Great Consumer Fund Direct Growth

Very High Risk

0.4%1.0%₹3351.36 Cr37.7%
Mirae Asset Cash Management Direct Growth

Low to Moderate Risk

0.1%0.0%₹10073.98 Cr7.3%
Mirae Asset Emerging Bluechip Direct Growth

Very High Risk

0.6%1.0%₹34974.46 Cr40.7%
Mirae Asset Large Cap Fund Direct Growth

Very High Risk

0.5%1.0%₹38060.19 Cr24.0%
Mirae Asset Savings Fund Direct Growth

Moderate Risk

0.2%0.0%₹594.96 Cr7.4%
Mirae Asset Money Market Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹145.28 Cr7.6%
Mirae Asset Focused Fund Direct Growth

Very High Risk

0.6%1.0%₹8312.74 Cr18.4%
Mirae Asset Dynamic Bond Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹155.33 Cr6.6%
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth

Very High Risk

0.7%0.0%₹1570.17 Cr80.9%
Mirae Asset Hybrid Equity Fund Direct Growth

Very High Risk

0.4%1.0%₹8545.85 Cr25.3%
Mirae Asset Equity Allocator Fund of Fund Direct Growth

Very High Risk

0.2%0.0%₹705.09 Cr34.9%
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth

Very High Risk

0.6%0.0%₹111.07 Cr28.2%
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth

Very High Risk

0.7%0.0%₹531.86 Cr49.1%
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹795.72 Cr6.8%
Mirae Asset Ultra Short Duration Fund Direct Growth

Moderate Risk

0.2%0.0%₹1463.94 Cr7.6%
Mirae Asset Flexi Cap Fund Direct Growth

Very High Risk

0.6%1.0%₹1815.41 Cr33.8%
Mirae Asset Banking and Financial Services Fund Direct Growth

Very High Risk

0.6%1.0%₹1702.61 Cr24.3%
Mirae Asset Multicap Fund Direct Growth

Very High Risk

0.4%1.0%₹2683.33 Cr-
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth

Very High Risk

0.5%0.0%₹78.52 Cr60.1%
Mirae Asset Tax Saver Fund Direct Growth

Very High Risk

0.6%0.0%₹22471.76 Cr36.2%
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth

Moderate Risk

0.1%0.0%₹83.22 Cr6.8%
Mirae Asset Corporate Bond Fund Direct Growth

Moderate Risk

0.2%0.0%₹49.85 Cr6.6%
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth

Very High Risk

0.8%0.0%₹72.50 Cr7.2%
Mirae Asset Equity Savings Fund Direct Growth

Moderately High risk

0.3%1.0%₹1019.74 Cr17.7%
Mirae Asset Banking and PSU Debt Fund Direct Growth

Moderate Risk

0.4%0.0%₹59.30 Cr6.7%
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth

Very High Risk

0.9%1.0%₹316.95 Cr41.2%
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth

Very High Risk

2.0%1.0%₹95.84 Cr2.8%
Mirae Asset Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹865.39 Cr6.8%
Mirae Asset Short Term Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹346.19 Cr7.0%
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Direct Growth

Moderate Risk

0.1%0.0%₹225.99 Cr6.2%
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹103.31 Cr6.9%
Mirae Asset Healthcare Fund Direct Growth

Very High Risk

0.5%1.0%₹2236.01 Cr52.1%
Mirae Asset Arbitrage Fund Direct Growth

Low Risk

0.2%0.0%₹1870.00 Cr8.5%
Mirae Asset Midcap Fund Direct Growth

Very High Risk

0.6%1.0%₹15139.44 Cr53.0%
Mirae Asset Balanced Advantage Fund Direct Growth

High Risk

0.7%1.0%₹1570.06 Cr22.3%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk
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The NAV of Mirae Asset Nifty Financial Services ETF, as of 17-May-2024, is ₹21.92.
The fund's allocation of assets is distributed as 100.01% in equities, 0.00% in bonds, and -0.01% in cash and cash equivalents.
The fund managers responsible for Mirae Asset Nifty Financial Services ETF are:-
  1. Ekta Gala
  2. Vishal Singh