Mirae Asset Nifty Metal ETF Review – Mirae Asset Nifty Metal ETF Review Direct NFO Open on 20 September 2024 and Close on 30 September 2024. Mirae Asset Nifty Metal ETF Direct NFO Allotment Date is [.] 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 500.
Type of the Scheme
An open-ended scheme replicating/tracking Nifty Metal Total Return Index.
Scheme Benchmark : Nifty Metal TRI (Total Return Index) – Rationale for adoption of benchmark: The Trustees have adopted Nifty Metal Index as the benchmark index. As per its investment objective, the investment would primarily be in Securities which are constituents of the benchmark index. Thus, the composition of the aforesaid benchmark index is such that it is most suited for comparing performance of the Scheme.
Mirae Asset Nifty Metal ETF Scheme Benchmark
| Company | Weightage |
|---|---|
| Tata Steel Ltd. | 18.88 |
| Hindalco Industries Ltd. | 15.36 |
| JSW Steel Ltd. | 13.46 |
| Adani Enterprises Ltd. | 11.87 |
| Vedanta Ltd. | 11.81 |
| Jindal Steel & Power Ltd. | 5.34 |
| APL Apollo Tubes Ltd. | 3.89 |
| Jindal Stainless Ltd. | 3.82 |
| NMDC Ltd. | 3.82 |
| Steel Authority of India Ltd. | 2.90 |
Mirae Asset Nifty Metal ETF Important Date
| Scheme Offer | Mirae Asset Nifty Metal ETF |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | An open-ended |
| Open Date | 20 Sep 2024 |
| Close Date | 30 Sep 2024 |
| Allotment Date | [.] 2024 |
| Category | Other Schemes - Exchange Traded Fund (ETF) |
| Min Inv ₹ | 5,000 |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | Nifty Metal TRI (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 the Nifty Metal Total Return Index, subject to tracking error. The Scheme does not guarantee or assure any returns. There is no assurance that the investment objective of the scheme will be achieved.
Mirae Asset Nifty Metal ETF Other Details
| Exit Load | Nil |
|---|---|
| Exit Load Details | Nil |
| Entry Load | N/A |
| Stamp Duty | 0.005% |
| Min. Investment | Rs. 5,000 |
| Min. SIP | Rs. 500 |
Mirae Asset Nifty Metal ETF Asset Allocation
| Instruments | Allocation Min | Allocation Max |
|---|---|---|
| Securities included in the Nifty Metal Index | 95% | 100% |
| Money market instruments including Tri Party REPO/ 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. Prior to this assignment, Ms. Ekta Gala was associated with ICICI Prudential Asset Management Company Ltd.
Fund Manger : Mr. Akshay Udeshi
Qualification : MBA – Finance; B.E(Electronics)
Experience : Mr. Akshay Udeshi has over 4 years of experience in the field of financial services. He has been associated with the AMC since June 2021. Prior to this assignment, Mr. Udeshi was associated with Reliance Retail Limited where he was involved in product development in the affordability space. He also has an experience with L&T Financial Services where he was involved in product management of secured lending products.
Mirae Asset Nifty Metal ETF Index Return
| Index Return | QTD | YTD | 1 Year | 5 Years | Since Inception |
|---|---|---|---|---|---|
| Price Return | -4.17 | 17.89 | 41.23 | 32.65 | 11.45 |
| Total Return | -3.87 | 18.34 | 41.94 | 34.66 | 13.64 |
Where Will the Scheme Invest ?
- Equity and Equity Related Instruments.
- Debt & Money Market Instruments.
- Investment in Derivatives.
Also Read: LIC MF Manufacturing Fund Review
Mirae Asset Nifty Metal ETF 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
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