• ETF
  • Mirae Asset Nifty Bank ETF (G)
Mirae Asset Nifty Bank ETF (G)

Mirae Asset Nifty Bank ETF (G)

EquityIndex Funds 
  • 523.7624

    NAV

  • 0.3%

    Change

Mirae Asset Nifty Bank ETF (G) NAV

523.7624

NAV (Sep 13)

Mirae Asset Nifty Bank ETF (G) returns

Last 1Y
14%
Last 3Y
NA
Last 5Y
NA
Last 10Y
NA
Since Inception
11.9%
6 Month CAGR
11.5%
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Mirae Asset Nifty Bank ETF (G) Information

Investment Objective

The scheme seeks to generate returns, before expenses, that are commensurate with the performance of the Nifty Bank Total Return Index, subject to tracking error. There is no assurance or guarantee that the investment objective of the scheme would be achieved.

Expense Ratio
0.09
Launched (1Y ago)
2023-07-20
AUM in Crores
149
ISIN
INF769K01KR3
Lock-in
No Lock-in
Benchmark
NIFTY Bank Total Return Index
SIP Minimum
1000
Lumpsum Min.
5000
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Ekta Gala

Fund Manager

user-avatar

Vishal Singh

Fund Manager

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Asset allocation and Holdings

Last updated on 2023-12-21

Top 10 Stock Holdings

HDFC Bank Ltd.
27.5 %
ICICI Bank Ltd.
24 %
State Bank of India
10.5 %
Kotak Mahindra Bank Ltd.
10.3 %
Axis Bank Ltd.
9.3 %
Indusind Bank Ltd.
5.4 %
The Federal Bank Ltd.
2.8 %
Bank Of Baroda
2.7 %
Punjab National Bank
2.1 %
AU Small Finance Bank Ltd.
2.1 %

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Mirae Asset Nifty Bank ETF (G) Review

Mirae Asset Nifty Bank ETF (G) is an Exchange Traded Fund which is benchmarked to . Mirae Asset Nifty Bank ETF (G) is managed by the Mirae Asset Mutual Fund with the fund managers being [object Object],[object Object]. The Mirae Asset Nifty Bank ETF (G) was launched on 2023-07-20 with no lock-in period. Since its inception, the fund has delivered 11.926% as a return on investment. The fund has delivered a 1-year return of 14.001%, a 3-year return of null%, and a 5-year return of null%.

As on 13 Sep, 2024 the NAV of the fund is Rs 523.76 and the AUM is Rs 149.05 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 , 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.