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Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF

FAQ : Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF

Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF has delivered CAGR and average rolling returns as follows :

1 Year 3 Year 5 Year 9 Year
CAGR(%) 6.3 N/A N/A N/A
Average Rolling Returns(%) N/A N/A N/A N/A

The Current NAV of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF is ₹48.05.

It is better to invest in a fund with a longer track record as Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF cannot be assessed for consistency of out-performance. Funds returns are more likely to be different than its benchmark NIFTY 50 returns, as Funds portfolio is significantly different.

Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF fund’s expense ratio is 0.37%

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 MidSmallcap400 Momentum Quality 100 ETF is currently ₹464 Crores.

The Top three stocks are Laurus Labs, BSE and Federal Bank and account for 13% of its portfolio. Top 5 and 10 stocks of fund account for 20% and 32% of fund’s portfolio respectively.

Top three sectors of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF fund are BFSI, Healthcare and Capital Goods accounting for 59% of the total portfolio.

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 MidSmallcap400 Momentum Quality 100 ETF Fund is ETFs - Index.

Ritesh Patel and Akshay Udeshi manage the Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Fund.

Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF current PE ratio is 47.72 and PB ratio is 10.56

The asset allocation of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF is Stocks : 100.08%, Debt : -0.02% and Gold : 0%

The minimum SIP amount for Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF is N/A and minimum lumpsum is ₹5000.00

The exit load for Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF is N/A