Direct
NAV (05-Sep-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹114 Cr
Expense Ratio
0.39%
ISIN
INF769K01LQ3
Minimum SIP
-
Exit Load
-
Inception Date
11 Jul 2024
About this fund
As of 05-Sep-24, it has a Net Asset Value (NAV) of ₹33.70, Assets Under Management (AUM) of 113.65 Crores, and an expense ratio of 0.39%.
- Mirae Asset Nifty EV and New Age Automotive ETF has given a CAGR return of 1.88% since inception.
- The fund's asset allocation comprises around 99.96% in equities, 0.00% in debts, and 0.04% 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.
Since Inception
+1.88%
— (Cat Avg.)
Portfolio Summaryas of 31st July 2024
| Equity | ₹113.6 Cr | 99.96% |
| Others | ₹0.05 Cr | 0.04% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Tata Motors Ltd | Equity | ₹10.62 Cr | 9.35% |
| Maruti Suzuki India Ltd | Equity | ₹9.49 Cr | 8.35% |
| Bajaj Auto Ltd | Equity | ₹8.77 Cr | 7.72% |
| Mahindra & Mahindra Ltd | Equity | ₹8.77 Cr | 7.71% |
| KPIT Technologies Ltd | Equity | ₹5.12 Cr | 4.50% |
| L&T Technology Services Ltd | Equity | ₹4.73 Cr | 4.16% |
| Sona BLW Precision Forgings Ltd | Equity | ₹4.7 Cr | 4.13% |
| CG Power & Industrial Solutions Ltd | Equity | ₹4.66 Cr | 4.10% |
| Reliance Industries Ltd | Equity | ₹4.54 Cr | 3.99% |
| Bosch Ltd | Equity | ₹4.53 Cr | 3.99% |
| Tata Chemicals Ltd | Equity | ₹4.48 Cr | 3.94% |
| Samvardhana Motherson International Ltd | Equity | ₹4.47 Cr | 3.93% |
| Tata Elxsi Ltd | Equity | ₹4.31 Cr | 3.79% |
| Amara Raja Energy & Mobility Ltd | Equity | ₹4.08 Cr | 3.59% |
| Exide Industries Ltd | Equity | ₹3.96 Cr | 3.48% |
| UNO Minda Ltd | Equity | ₹3.79 Cr | 3.33% |
| Schaeffler India Ltd | Equity | ₹3.54 Cr | 3.12% |
| Gujarat Fluorochemicals Ltd Ordinary Shares | Equity | ₹2.74 Cr | 2.41% |
| Motherson Sumi Wiring India Ltd | Equity | ₹2.54 Cr | 2.23% |
| Himadri Speciality Chemical Ltd | Equity | ₹2.08 Cr | 1.83% |
| Hero MotoCorp Ltd | Equity | ₹1.84 Cr | 1.62% |
| Eicher Motors Ltd | Equity | ₹1.76 Cr | 1.54% |
| Treps | Cash - Repurchase Agreement | ₹1.52 Cr | 1.34% |
| TVS Motor Co Ltd | Equity | ₹1.52 Cr | 1.34% |
| Tata Technologies Ltd | Equity | ₹1.49 Cr | 1.31% |
| Net Receivables / (Payables) | Cash | ₹-1.48 Cr | 1.30% |
| Bharat Forge Ltd | Equity | ₹1.15 Cr | 1.01% |
| Tube Investments of India Ltd Ordinary Shares | Equity | ₹1.14 Cr | 1.00% |
| Ashok Leyland Ltd | Equity | ₹0.96 Cr | 0.84% |
| Minda Corp Ltd | Equity | ₹0.8 Cr | 0.70% |
| Varroc Engineering Ltd Ordinary Shares | Equity | ₹0.5 Cr | 0.44% |
| Jupiter Wagons Ltd | Equity | ₹0.19 Cr | 0.17% |
| Olectra Greentech Ltd | Equity | ₹0.18 Cr | 0.16% |
| JBM Auto Ltd | Equity | ₹0.11 Cr | 0.09% |
| RattanIndia Enterprises Ltd | Equity | ₹0.07 Cr | 0.06% |
Allocation By Market Cap (Equity)
Large Cap Stocks
40.01%
Mid Cap Stocks
52.91%
Small Cap Stocks
7.04%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Consumer Cyclical | ₹72.92 Cr | 64.16% |
| Technology | ₹15.65 Cr | 13.77% |
| Industrials | ₹11.21 Cr | 9.86% |
| Basic Materials | ₹9.29 Cr | 8.17% |
| Energy | ₹4.54 Cr | 3.99% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
--
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
--
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
--
Higher the better
Fund Managers
Ekta Gala
Since July 2024
Akshay Udeshi
Since July 2024
Additional Scheme Detailsas of 31st July 2024
ISIN | INF769K01LQ3 | Expense Ratio | 0.39% | Exit Load | - | Fund Size | ₹114 Cr | Age | 11 Jul 2024 | Lumpsum Minimum | ₹5,000 | Fund Status | Open Ended Investment Company | Benchmark | Nifty EV &New Age Auto 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
Capital Gains Taxation:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Equity - Other Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| SBI Equity Minimum Variance Fund Direct Growth Very High Risk | 0.4% | 0.0% | ₹228.86 Cr | 35.0% |
| SBI Equity Minimum Variance Fund Regular Growth Very High Risk | 0.7% | 0.0% | ₹228.86 Cr | 34.5% |
| Bandhan Transportation and Logistics Fund Direct Growth Very High Risk | 0.8% | 0.0% | ₹593.72 Cr | 56.2% |
| Bandhan Transportation and Logistics Fund Regular Growth Very High Risk | 2.4% | 0.0% | ₹593.72 Cr | 53.7% |
| ICICI Prudential Transportation and Logistics Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹3254.35 Cr | 58.1% |
| ICICI Prudential Transportation and Logistics Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹3254.35 Cr | 56.2% |
| HDFC NIFTY200 Momentum 30 ETF Very High Risk | 0.3% | - | ₹11.35 Cr | 63.0% |
| HDFC NIFTY100 Low Volatility 30 ETF Very High Risk | 0.3% | - | ₹5.95 Cr | 34.7% |
| ICICI Prudential Nifty 200 Momentum 30 ETF Very High Risk | 0.3% | - | ₹268.02 Cr | 63.2% |
| DSP Nifty Midcap 150 Quality 50 ETF Low Risk | 0.3% | - | ₹101.33 Cr | 34.2% |
Risk Level
Your principal amount will be at Very High Risk
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What is the current NAV of Mirae Asset Nifty EV and New Age Automotive ETF?
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Who manages the Mirae Asset Nifty EV and New Age Automotive ETF?
- Ekta Gala
- Akshay Udeshi
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