Mirae Asset Nifty LargeMidcap 250 Index Fund Review – Mirae Asset Nifty LargeMidcap 250 Index Fund Review Direct NFO Open on 10 October 2024 and Close on 18 October 2024. Mirae Asset Nifty LargeMidcap 250 Index Fund Direct NFO Allotment Date is 25 October 2024, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount is ₹5,000. The Minimum SIP Investment Amount is ₹99.
Type of the Scheme
An open-ended scheme replicating / tracking Nifty LargeMidcap 250 Total Return Index.
Scheme Benchmark : The performance of the scheme will be benchmarked to the Nifty LargeMidcap 250 Total Return Index. Rationale for adoption of benchmark: The Trustees have adopted Nifty LargeMidcap 250 Total Return Index as the benchmark index.
Mirae Asset Nifty LargeMidcap 250 Index Fund Scheme Benchmark
Company
Weightage
HDFC Bank Ltd.
4.58
Reliance Industries Ltd.
3.49
ICICI Bank Ltd.
3.13
Infosys Ltd.
2.35
ITC Ltd.
1.68
Bharti Airtel Ltd.
1.60
Tata Consultancy Services Ltd.
1.52
Larsen & Toubro Ltd.
1.51
Suzlon Energy Ltd.
1.34
Axis Bank Ltd.
1.22
Mirae Asset Nifty LargeMidcap 250 Index Fund Important Date
Scheme Offer
Mirae Asset Nifty LargeMidcap 250 Index Fund
Offer Price
Rs. 10/- per Unit
Type of Scheme
An open-ended
Open Date
10 Oct 2024
Close Date
18 Oct 2024
Allotment Date
25 Oct 2024
Category
Other Schemes - Index Fund
Min Inv ₹
₹5,000
Lock in Period
N/A
Risk
Very High
Scheme Benchmark
Nifty LargeMidcap
250 Total Return Index
Investment Objective of the Scheme ?
The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of Nifty LargeMidcap 250 Total Return Index.
Mirae Asset Nifty LargeMidcap 250 Index Fund Other Details
Exit Load
N/A
Exit Load Details
N/A
Entry Load
N/A
Stamp Duty
0.005%
Min. Investment
Rs. 5,000
Min. SIP
Rs. 99
Mirae Asset Nifty LargeMidcap 250 Index Fund Asset Allocation
Instruments
Allocation Min
Allocation Max
Equity Securities covered by Nifty LargeMidcap 250 Total Return Index
95%
100%
Money market instruments / debt securities, Instruments and/or units of
debt/liquid schemes of domestic Mutual Funds
0%
5%
Manager Manage the Scheme?
Fund Manger : Ms. Ekta Gala
Qualification : B.Com & Inter CA (IPCC)
Experience : Ms. Ekta Gala has over 6 years of experience as a dealer. Ms. Ekta Gala was associated with ICICI Prudential Asset Management Company Ltd.
Fund Manger : Mr. Vishal Singh
Qualification : C.A.; C.F.A; F.R.M; B.Com
Experience : Mr. Vishal Singh has over 5 years of experience in the field of financial services. Mr. Singh was associated with NSE Indices Limited.
Mirae Asset Nifty LargeMidcap 250 Index Fund Sector Representation
Sector
Weightage
Financial Services
25.15
Information Technology
8.85
Capital Goods
8.78
Automobile and Auto Components
7.95
Healthcare
7.26
Oil, Gas & Consumable Fuels
6.97
Fast Moving Consumer Goods
6.41
Chemicals
3.56
Consumer Services
3.55
Metals & Mining
3.36
Consumer Durables
3.22
Telecommunication
3.11
Power
3.09
Construction
2.11
Realty
2.08
Services
1.90
Construction Materials
1.82
Textiles
0.49
Diversified
0.25
Media, Entertainment & Publication
0.10
Mirae Asset Nifty LargeMidcap 250 Index Fund Index Return
Index Return
QTD
YTD
1 Year
5 Years
Since Inception
Price Return
7.32
26.70
42.37
24.35
15.60
Total Return
7.58
27.56
43.54
25.53
17.09
Where Will the Scheme Invest ?
- Equity and Equity Related Instruments.
- Debt & Money Market Instruments.
- Investment in Derivatives.
Also Read: Samco Multi Cap Fund Review
Mirae Asset Nifty LargeMidcap 250 Index Fund Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower- B, Plot 31-32, Gachibowli, Financial
District, Nanakramguda, Serilingampally, Hyderabad500 032, Telangana, India.
Tel No.: +91 40 6716 2222
Website: Www.Kfintech.Com
Email: Hoacfoods.Ipo@Kfintech.Com
Investor Grievance Email:Einward.Ris@Kfintech.Com
Contact Person: Mr. M Murali Krishna
