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

Mirae Asset Nifty Bank ETF (G)

EquitySectoral/ Thematic 
  • 475.86420

    NAV

  • 1.1%

    Change

Mirae Asset Nifty Bank ETF NAV

475.86420

NAV (Apr 19)

Mirae Asset Nifty Bank ETF returns

Last 1Y
NA
Last 3Y
NA
Last 5Y
NA
Last 10Y
NA
Since Inception
3%
6 Month CAGR
8.7%
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Mirae Asset Nifty Bank ETF Information

Investment Objective

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
61.184
ISIN
INF769K01KR3
Beta (5yr)
0
Sharpe Ratio (3yr)
0
Sharpe Ratio (5yr)
0
YTM
0
Fund Managers
user-avatar

Ekta Gala

Fund Manager

user-avatar

Vishal Singh

Fund Manager

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24.6%

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Asset allocation and Holdings

Last updated on 2024-04-19

Top 10 Stock Holdings

hdfc bank ltd
29 %
icici bank ltd
23.7 %
axis bank ltd
9.2 %
state bank of india
9.1 %
kotak mahindra bank ltd
9.1 %
indusind bank ltd
6.9 %
bank of baroda
3.3 %
punjab national bank
2.5 %
the federal bank ltd
2.3 %
idfc first bank ltd
2 %

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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 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 3% 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 19 Apr, 2024 the NAV of the fund is Rs 475.86 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.