Mirae Asset Nifty Financial Services ETF

Fund Overview

Fund Size

₹297 Cr

Expense Ratio

0.12%

ISIN

INF769K01HI8

Minimum SIP

Exit Load

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 3 years, 1 months and 8 days, having been launched on 30-Jul-21.
As of 05-Sep-24, it has a Net Asset Value (NAV) of ₹24.44, Assets Under Management (AUM) of 297.27 Crores, and an expense ratio of 0.12%.

Mirae Asset Nifty Financial Services ETF has given a CAGR return of 13.57% since inception.
The fund's asset allocation comprises around 99.59% in equities, 0.00% in debts, and 0.41% 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

+21.77%

+22.65% (Cat Avg.)

3 Years

+10.50%

+16.03% (Cat Avg.)

Since Inception

+13.57%

— (Cat Avg.)

Portfolio Summaryas of 31st July 2024

Equity	₹296.04 Cr	99.59%
Others	₹1.23 Cr	0.41%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
HDFC Bank Ltd	Equity	₹89.96 Cr	30.26%
ICICI Bank Ltd	Equity	₹63.19 Cr	21.26%
State Bank of India	Equity	₹25.84 Cr	8.69%
Axis Bank Ltd	Equity	₹24.51 Cr	8.24%
Kotak Mahindra Bank Ltd	Equity	₹20.52 Cr	6.90%
Bajaj Finance Ltd	Equity	₹14.63 Cr	4.92%
Bajaj Finserv Ltd	Equity	₹6.92 Cr	2.33%
Shriram Finance Ltd	Equity	₹6.29 Cr	2.12%
Power Finance Corp Ltd	Equity	₹6.24 Cr	2.10%
REC Ltd	Equity	₹6.15 Cr	2.07%
SBI Life Insurance Company Limited	Equity	₹6.1 Cr	2.05%
HDFC Life Insurance Company Limited	Equity	₹5.82 Cr	1.96%
Cholamandalam Investment and Finance Co Ltd	Equity	₹4.59 Cr	1.54%
ICICI Lombard General Insurance Co Ltd	Equity	₹3.74 Cr	1.26%
HDFC Asset Management Co Ltd	Equity	₹3.19 Cr	1.07%
ICICI Prudential Life Insurance Company Limited	Equity	₹2.21 Cr	0.74%
LIC Housing Finance Ltd	Equity	₹1.79 Cr	0.60%
SBI Cards and Payment Services Ltd Ordinary Shares	Equity	₹1.65 Cr	0.56%
Muthoot Finance Ltd	Equity	₹1.54 Cr	0.52%
Net Receivables / (Payables)	Cash	₹1.23 Cr	0.41%
IDFC Ltd	Equity	₹1.15 Cr	0.39%
Treps	Cash - Repurchase Agreement	₹0 Cr	0.00%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹296.04 Cr	99.59%

Risk & Performance Ratios

Fund Managers

Ekta Gala

Since July 2021

Vishal Singh

Since August 2023

Additional Scheme Detailsas of 31st July 2024

ISIN

INF769K01HI8

Expense Ratio

0.12%

Exit Load

Fund Size

₹297 Cr

Age

30 Jul 2021

Lumpsum Minimum

Fund Status

Open Ended Investment Company

Benchmark

Nifty Financial Services 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 Sector - Financial Services Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Tata Nifty Private Bank ETF Very High Risk	0.1%	-	₹9.73 Cr	11.6%
Aditya Birla Sun Life Nifty Financial Services ETF Very High Risk	-	-	-	-
Nippon India ETF Nifty PSU Bank BeES Very High Risk	0.5%	-	₹2501.61 Cr	47.7%
Kotak Nifty PSU Bank ETF Very High Risk	0.5%	-	₹1403.00 Cr	44.0%
HDFC Nifty Bank ETF Very High Risk	0.2%	-	₹2468.38 Cr	16.4%
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%	-	₹270.72 Cr	16.4%
ICICI Prudential Banking and Financial Services Regular Growth Very High Risk	1.8%	1.0%	₹7605.37 Cr	25.1%
UTI Banking and Financial Services Fund Regular Growth Very High Risk	2.2%	1.0%	₹1150.06 Cr	26.4%
Nippon India Banking & Financial Services Fund Regular Growth Very High Risk	1.9%	1.0%	₹6138.44 Cr	27.8%

About the AMC

Mirae Asset India Mutual Fund

022-6780 0300

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

Total AUM

₹1,93,693 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%	₹1586.40 Cr	-
Mirae Asset Great Consumer Fund Direct Growth Very High Risk	0.4%	1.0%	₹4069.29 Cr	44.9%
Mirae Asset Cash Management Direct Growth Low to Moderate Risk	0.1%	0.0%	₹11964.74 Cr	7.4%
Mirae Asset Emerging Bluechip Direct Growth Very High Risk	0.6%	1.0%	₹39706.00 Cr	37.9%
Mirae Asset Large Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹41352.17 Cr	29.9%
Mirae Asset Savings Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹1021.27 Cr	7.8%
Mirae Asset Money Market Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹422.50 Cr	7.7%
Mirae Asset Focused Fund Direct Growth Very High Risk	0.6%	1.0%	₹8422.44 Cr	25.6%
Mirae Asset Dynamic Bond Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹142.72 Cr	7.9%
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹1555.63 Cr	44.4%
Mirae Asset Hybrid Equity Fund Direct Growth Very High Risk	0.4%	1.0%	₹9294.49 Cr	29.8%
Mirae Asset Equity Allocator Fund of Fund Direct Growth Very High Risk	0.0%	0.0%	₹855.21 Cr	37.3%
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹113.40 Cr	33.0%
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹545.57 Cr	28.1%
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹805.08 Cr	8.4%
Mirae Asset Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹1686.54 Cr	7.8%
Mirae Asset Flexi Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹2189.31 Cr	33.3%
Mirae Asset Banking and Financial Services Fund Direct Growth Very High Risk	0.6%	1.0%	₹1835.17 Cr	25.0%
Mirae Asset Multicap Fund Direct Growth Very High Risk	0.4%	1.0%	₹3345.49 Cr	40.0%
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹113.99 Cr	52.0%
Mirae Asset Tax Saver Fund Direct Growth Very High Risk	0.6%	0.0%	₹25617.49 Cr	37.7%
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹77.93 Cr	8.6%
Mirae Asset Corporate Bond Fund Direct Growth Moderate Risk	0.2%	0.0%	₹49.38 Cr	7.7%
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹67.97 Cr	-10.2%
Mirae Asset Equity Savings Fund Direct Growth Moderately High risk	0.3%	1.0%	₹1188.86 Cr	18.8%
Mirae Asset Banking and PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹58.15 Cr	7.8%
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth Very High Risk	0.3%	1.0%	₹317.83 Cr	20.5%
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth Very High Risk	0.3%	1.0%	₹67.09 Cr	-15.6%
Mirae Asset Overnight Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹1247.29 Cr	6.8%
Mirae Asset Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹334.73 Cr	8.1%
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹239.66 Cr	9.2%
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹89.04 Cr	7.7%
Mirae Asset Healthcare Fund Direct Growth Very High Risk	0.5%	1.0%	₹2560.38 Cr	53.4%
Mirae Asset Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹2406.03 Cr	8.5%
Mirae Asset Midcap Fund Direct Growth Very High Risk	0.6%	1.0%	₹17454.59 Cr	42.6%
Mirae Asset Balanced Advantage Fund Direct Growth High Risk	0.7%	1.0%	₹1691.93 Cr	22.5%

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 Financial Services ETF?

The NAV of Mirae Asset Nifty Financial Services ETF, as of 05-Sep-2024, is ₹24.44.

What are the returns of Mirae Asset Nifty Financial Services ETF?

The fund has generated 21.77% over the last 1 year and 10.50% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of Mirae Asset Nifty Financial Services ETF?

The fund's allocation of assets is distributed as 99.59% in equities, 0.00% in bonds, and 0.41% in cash and cash equivalents.

Who manages the Mirae Asset Nifty Financial Services ETF?

The fund managers responsible for Mirae Asset Nifty Financial Services 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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