FAQ : Mirae Asset Nifty Financial Services ETF

Mirae Asset Nifty Financial Services ETF has delivered CAGR and average rolling returns as follows :

1 Year 3 Year 5 Year 9 Year
CAGR(%) 13.83 N/A N/A N/A
Average Rolling Returns(%) 10.65 N/A N/A N/A

The Current NAV of Mirae Asset Nifty Financial Services ETF is ₹21.13.

It is better to invest in a fund with a longer track record as Mirae Asset Nifty Financial Services ETF cannot be assessed for consistency of out-performance. Funds returns are more likely to be different than its benchmark Nifty Financial Services - TRI returns, as Funds portfolio is significantly different.

Mirae Asset Nifty Financial Services ETF fund’s expense ratio is 0.12%

The process for redemption is

  • Give a request for redemption of the number of units or the amount you want. The request will be acknowledged.
  • You will get information about the redemption and the NAV at which redeemed.
  • The amount will be deposited in the designated bank account.

The AUM of Mirae Asset Nifty Financial Services ETF is currently ₹230 Crores.

The Top three stocks are HDFC Bank, ICICI Bank and Axis Bank and account for 60% of its portfolio. Top 5 and 10 stocks of fund account for 76% and 90% of fund’s portfolio respectively.

Top three sectors of Mirae Asset Nifty Financial Services ETF fund are BFSI, Construction & Infrastructure and Miscellaneous accounting for 100% of the total portfolio.

Funds Portfolio Quality is Very Good. It has a large proportion of Green Stocks.Since this is a ETFs - Index it is comparatively safer to invest in this fund. However, since it has not consistently outperformed its benchmark index on an average 3-year rolling returns basis it is not the most suitable fund for SIP.

The category of Mirae Asset Nifty Financial Services ETF Fund is ETFs - Index.

Ekta Gala and Vishal Singh manage the Mirae Asset Nifty Financial Services ETF Fund.

Mirae Asset Nifty Financial Services ETF current PE ratio is 22.35 and PB ratio is 3.29

The asset allocation of Mirae Asset Nifty Financial Services ETF is Stocks : 100.02%, Debt : -0.01% and Gold : 0%

The minimum SIP amount for Mirae Asset Nifty Financial Services ETF is N/A and minimum lumpsum is ₹5000.00

The exit load for Mirae Asset Nifty Financial Services ETF is N/A

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