Mirae Asset Nifty PSU Bank ETF
EquitySector - Financial ServicesVery High Risk
NAV (21-Jan-25)
Returns (Since Inception)
Fund Overview
Fund Size
₹44 Cr
Expense Ratio
0.19%
ISIN
INF769K01LZ4
Minimum SIP
₹5,000
Exit Load
-
Inception Date
03 Oct 2024
About this fund
As of 21-Jan-25, it has a Net Asset Value (NAV) of ₹63.03, Assets Under Management (AUM) of 43.96 Crores, and an expense ratio of 0.19%.
- Mirae Asset Nifty PSU Bank ETF has given a CAGR return of -5.61% since inception.
- The fund's asset allocation comprises around 100.01% in equities, 0.00% in debts, and -0.01% in cash & cash equivalents.
- You can start investing in Mirae Asset Nifty PSU Bank ETF with a SIP of ₹5000 or a Lumpsum investment of ₹5000.
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
-5.61%
— (Cat Avg.)
Portfolio Summaryas of 31st December 2024
| Equity | ₹43.97 Cr | 100.01% |
| Others | ₹-0 Cr | -0.01% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| State Bank of India | Equity | ₹14.39 Cr | 32.72% |
| Bank of Baroda | Equity | ₹7.12 Cr | 16.20% |
| Punjab National Bank | Equity | ₹5.62 Cr | 12.79% |
| Canara Bank | Equity | ₹5.36 Cr | 12.18% |
| Union Bank of India | Equity | ₹3.69 Cr | 8.40% |
| Indian Bank | Equity | ₹2.97 Cr | 6.76% |
| Bank of India | Equity | ₹1.96 Cr | 4.47% |
| Bank of Maharashtra | Equity | ₹1.3 Cr | 2.96% |
| Indian Overseas Bank | Equity | ₹0.56 Cr | 1.28% |
| Central Bank of India | Equity | ₹0.51 Cr | 1.16% |
| UCO Bank | Equity | ₹0.38 Cr | 0.88% |
| Punjab & Sind Bank | Equity | ₹0.09 Cr | 0.21% |
| Net Receivables / (Payables) | Cash | ₹-0.03 Cr | 0.07% |
| Treps | Cash - Repurchase Agreement | ₹0.03 Cr | 0.06% |
Allocation By Market Cap (Equity)
Large Cap Stocks
83.57%
Mid Cap Stocks
16.43%
Small Cap Stocks
--
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹43.97 Cr | 100.01% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
15.65%
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
0.62
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.17
Higher the better
Fund Managers
Ekta Gala
Since October 2024
Akshay Udeshi
Since October 2024
Additional Scheme Detailsas of 31st December 2024
ISIN INF769K01LZ4 | Expense Ratio 0.19% | Exit Load - | Fund Size ₹44 Cr | Age 3 months | Lumpsum Minimum ₹5,000 | Fund Status Open Ended Investment Company | Benchmark Nifty PSU Bank 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:
Dividend Taxation:
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% | - | ₹10.92 Cr | 2.0% |
| Aditya Birla Sun Life Nifty Financial Services ETF Very High Risk | - | - | - | - |
| Nippon India ETF Nifty PSU Bank BeES Very High Risk | 0.5% | - | ₹2666.85 Cr | 4.4% |
| Kotak Nifty PSU Bank ETF Very High Risk | 0.5% | - | ₹1402.24 Cr | 4.4% |
| HDFC Nifty Bank ETF Very High Risk | 0.2% | - | ₹2818.24 Cr | 13.8% |
| 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% | - | ₹329.93 Cr | 6.2% |
| ICICI Prudential Banking and Financial Services Regular Growth Very High Risk | 1.8% | 1.0% | ₹8987.36 Cr | 11.6% |
| UTI Banking and Financial Services Fund Regular Growth Very High Risk | 2.2% | 1.0% | ₹1154.26 Cr | 6.2% |
| Nippon India Banking & Financial Services Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹6282.05 Cr | 8.8% |
Risk Level
Your principal amount will be at Very High Risk
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Related Articles
Still got questions?
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What is the current NAV of Mirae Asset Nifty PSU Bank ETF?
What is the portfolio composition of Mirae Asset Nifty PSU Bank ETF?
Who manages the Mirae Asset Nifty PSU Bank ETF?
- Ekta Gala
- Akshay Udeshi
Mirae Asset Nifty PSU Bank ETF
EquitySector - Financial ServicesVery High Risk
NAV (21-Jan-25)
Returns (Since Inception)
Fund Overview
Fund Size
₹44 Cr
Expense Ratio
0.19%
ISIN
INF769K01LZ4
Minimum SIP
₹5,000
Exit Load
-
Inception Date
03 Oct 2024
Risk Level
Your principal amount will be at Very High Risk
About this fund
As of 21-Jan-25, it has a Net Asset Value (NAV) of ₹63.03, Assets Under Management (AUM) of 43.96 Crores, and an expense ratio of 0.19%.
- Mirae Asset Nifty PSU Bank ETF has given a CAGR return of -5.61% since inception.
- The fund's asset allocation comprises around 100.01% in equities, 0.00% in debts, and -0.01% in cash & cash equivalents.
- You can start investing in Mirae Asset Nifty PSU Bank ETF with a SIP of ₹5000 or a Lumpsum investment of ₹5000.
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
-5.61%
— (Cat Avg.)
Portfolio Summaryas of 31st December 2024
| Equity | ₹43.97 Cr | 100.01% |
| Others | ₹-0 Cr | -0.01% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type | Amount | Holdings |
|---|---|---|---|
| State Bank of India | Equity | ₹14.39 Cr | 32.72% |
| Bank of Baroda | Equity | ₹7.12 Cr | 16.20% |
| Punjab National Bank | Equity | ₹5.62 Cr | 12.79% |
| Canara Bank | Equity | ₹5.36 Cr | 12.18% |
| Union Bank of India | Equity | ₹3.69 Cr | 8.40% |
| Indian Bank | Equity | ₹2.97 Cr | 6.76% |
| Bank of India | Equity | ₹1.96 Cr | 4.47% |
| Bank of Maharashtra | Equity | ₹1.3 Cr | 2.96% |
| Indian Overseas Bank | Equity | ₹0.56 Cr | 1.28% |
| Central Bank of India | Equity | ₹0.51 Cr | 1.16% |
| UCO Bank | Equity | ₹0.38 Cr | 0.88% |
| Punjab & Sind Bank | Equity | ₹0.09 Cr | 0.21% |
| Net Receivables / (Payables) | Cash | ₹-0.03 Cr | 0.07% |
| Treps | Cash - Repurchase Agreement | ₹0.03 Cr | 0.06% |
Allocation By Market Cap (Equity)
Large Cap Stocks
83.57%
Mid Cap Stocks
16.43%
Small Cap Stocks
--
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹43.97 Cr | 100.01% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
15.65%
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
0.62
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.17
Higher the better
Fund Managers
Ekta Gala
Since October 2024
Akshay Udeshi
Since October 2024
Additional Scheme Detailsas of 31st December 2024
ISIN INF769K01LZ4 | Expense Ratio 0.19% | Exit Load - | Fund Size ₹44 Cr | Age 3 months | Lumpsum Minimum ₹5,000 | Fund Status Open Ended Investment Company | Benchmark Nifty PSU Bank 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:
Dividend Taxation:
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% | - | ₹10.92 Cr | 2.0% |
| Aditya Birla Sun Life Nifty Financial Services ETF Very High Risk | - | - | - | - |
| Nippon India ETF Nifty PSU Bank BeES Very High Risk | 0.5% | - | ₹2666.85 Cr | 4.4% |
| Kotak Nifty PSU Bank ETF Very High Risk | 0.5% | - | ₹1402.24 Cr | 4.4% |
| HDFC Nifty Bank ETF Very High Risk | 0.2% | - | ₹2818.24 Cr | 13.8% |
| 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% | - | ₹329.93 Cr | 6.2% |
| ICICI Prudential Banking and Financial Services Regular Growth Very High Risk | 1.8% | 1.0% | ₹8987.36 Cr | 11.6% |
| UTI Banking and Financial Services Fund Regular Growth Very High Risk | 2.2% | 1.0% | ₹1154.26 Cr | 6.2% |
| Nippon India Banking & Financial Services Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹6282.05 Cr | 8.8% |
Related Articles
Still got questions?
We're here to help.
What is the current NAV of Mirae Asset Nifty PSU Bank ETF?
What is the portfolio composition of Mirae Asset Nifty PSU Bank ETF?
Who manages the Mirae Asset Nifty PSU Bank ETF?
- Ekta Gala
- Akshay Udeshi
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