Mirae Asset Nifty IT ETF (G)

Mirae Asset Nifty IT ETF (G) is an Exchange Traded Fund which is benchmarked to . Mirae Asset Nifty IT ETF (G) is managed by the Mirae Asset Mutual Fund with the fund managers being Ekta Gala, Vishal Singh. The Mirae Asset Nifty IT ETF (G) was launched on 2023-10-20 with no lock-in period. Since its inception, the fund has delivered 33.603% as a return on investment.The fund has delivered a 1-year return of 19.895%.

As on 14 Jan, 2025 the NAV of the fund is Rs 44.03 and the AUM is Rs 162.66 crores. The fund charges an expense ratio of 0.1% 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 IT 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 IT ETF (G) with another fund in a similar category. This way you can make a well-informed investment decision.