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

Mirae Asset Nifty PSU Bank ETF (G)

EquityIndex Funds 
  • 65.4193

    NAV

  • 0.1%

    Change

Mirae Asset Nifty PSU Bank ETF (G) NAV

65.4193

NAV (Jan 1)

Mirae Asset Nifty PSU Bank ETF (G) returns

Last 1Y
-
Last 3Y
-
Last 5Y
-
Last 10Y
-
Since Inception
-2.6%
6 Month CAGR
-
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Mirae Asset Nifty PSU Bank ETF (G) Information

Investment Objective

The scheme seeks to generate returns, before expenses, that are commensurate with the performance of the Nifty PSU Bank Total Return Index, subject to tracking error. The scheme does not guarantee or assure any returns.

Expense Ratio
0.18%
Launched (<1Y)
2024-10-01
AUM in Crores
45.8
ISIN
INF769K01LZ4
Lock-in
No Lock-in
Benchmark
NIFTY PSU Bank Total Return Index
SIP Minimum
1000
Lumpsum Min.
5000

Fund Managers

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Akshay Udeshi

Fund Manager

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Ekta Gala

Fund Manager

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Asset allocation and Holdings

Last updated on 2024-12-18

Top 10 Stock Holdings

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Mirae Asset Nifty PSU Bank ETF (G) Review

Mirae Asset Nifty PSU Bank ETF (G) is an Exchange Traded Fund which is benchmarked to . Mirae Asset Nifty PSU Bank ETF (G) is managed by the Mirae Asset Mutual Fund with the fund managers being Akshay Udeshi, Ekta Gala. The Mirae Asset Nifty PSU Bank ETF (G) was launched on 2024-10-01 with no lock-in period. Since its inception, the fund has delivered -2.556% as a return on investment.

As on 1 Jan, 2025 the NAV of the fund is Rs 65.42 and the AUM is Rs 45.80 crores. The fund charges an expense ratio of 0.18% 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 PSU 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 PSU Bank ETF (G) with another fund in a similar category. This way you can make a well-informed investment decision.