₹ 512.10680
NAV
-0.8%
Change
₹ 512.10680
NAV (Jul 25)
Last 1Y | 11.9% |
Last 3Y | NA |
Last 5Y | NA |
Last 10Y | NA |
Since Inception | 10.7% |
6 Month CAGR | 14.1% |
The investment objective of the scheme is 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.
Low
Low to Moderate
Moderate
Moderately High
High
Very High
Very High Risk
Expense Ratio | 0.09 |
Launched (1y ago) | Jul 20, 2023 |
AUM in Crores | 147.352 |
ISIN | INF769K01KR3 |
Beta (5yr) | 0 |
Sharpe Ratio (3yr) | 0 |
Sharpe Ratio (5yr) | 0 |
YTM | 0 |
Fund Name | Till Date CAGR | |
---|---|---|
17.9% | 19.8% | |
17.1% | 19.3% | |
22.8% | 28.9% | |
14.7% | 22.6% | |
10.6% | 12% |
Fund Name | Till Date CAGR | |
---|---|---|
13.9% | 21.7% | |
- | 10.7% | |
12.1% | 20.2% | |
12.2% | 16.1% | |
- | 10.8% |
hdfc bank ltd | 28.3 % |
icici bank ltd | 23.4 % |
state bank of india | 10.1 % |
kotak mahindra bank ltd | 10.1 % |
axis bank ltd | 10 % |
indusind bank ltd | 5.5 % |
bank of baroda | 2.9 % |
the federal bank ltd | 2.4 % |
au small finance bank ltd | 2.1 % |
punjab national bank | 2.1 % |
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 10.7% as a return on investment. The fund has delivered a 1-year return of 11.9%, a 3-year return of null%, and a 5-year return of null%.
As on 25 Jul, 2024 the NAV of the fund is Rs 512.11 and the AUM is Rs 147.35 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.