Mirae Asset Nifty Bank ETF (G)

Mirae Asset Nifty Bank ETF (G) is an Exchange Traded Fund which is benchmarked to Nifty Bank TR INR. Mirae Asset Nifty Bank ETF (G) is managed by the Mirae Asset Investment Managers (India) Private Limited with the fund managers being Ekta Gala, Vishal Singh. The Mirae Asset Nifty Bank ETF (G) was launched on Jul 20, 2023 with no lock-in period. Since its inception, the fund has delivered 4.4% as a return on investment. The fund has delivered a 1-year return of null%, a 3-year return of null%, and a 5-year return of null%.

As on 26 Apr, 2024 the NAV of the fund is Rs 482.13 and the AUM is Rs 61.18 crores. The fund charges an expense ratio of 0.09% on an annual basis. You can start a SIP with an investment of a minimum of Rs 100. You can make a lumpsum investment of minimum of Rs 5000.

Since the scheme is benchmarked to Nifty Bank TR INR, the fund is subject to very high risk and it may witness volatility in the short term. Hence, an exchange-traded fund is more suitable for an investment horizon of more than 5 years. The Mirae Asset Nifty Bank ETF (G) has an asset allocation of 0% in equity and equity equivalents and 0% in debt securities.

Scripbox provides a unique feature through which you can compare the performance of Mirae Asset Nifty Bank ETF (G) with another fund in a similar category. This way you can make a well-informed investment decision.