Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Fund NFO Review – Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Fund Review Direct NFO Open on 10 May 2024 and Close on 24 May 2024. Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Fund Direct NFO Allotment Date is 30 May 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 fund of fund scheme investing in units of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF.
Scheme Benchmark : Nifty MidSmallcap400 Momentum Quality 100 index aims to track the performance of the midcap and small cap stocks selected based on combination of their momentum and quality factor scores.
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Fund Nfo Important Date
| Scheme Offer | Mirae Asset MidSmallcap400 Momentum Quality 100 ETF Fund of Fund |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | open-ended scheme |
| Open Date | 10 May 2024 |
| Allotment Date | 30 May 2024 |
| Close Date | 24 May 2024 |
| Category | Fund of Fund – Domestic (FOF) |
| Min Inv ₹ | 5000 |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | Nifty MidSmallcap400 Momentum Quality 100 TRI (Total Return Index) |
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Fund Other Details
| Exit Load | 0.5% |
|---|---|
| Exit Load Details | Exit load of 0.5%, if redeemed within 3 months |
| Entry Load | N/A |
| Stamp Duty | 0.005% |
| Min. Investment | Rs. 5000 |
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Fund asset allocation
| Instruments | Allocation Min | Allocation Max | Risk Profile |
|---|---|---|---|
| Units of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF | 95% | 100% | High |
| Money market instruments / debt securities, Instruments and/or units of debt/liquid schemes of domestic Mutual Funds | 0% | 5% | Low to Medium |
Investment Objective of the Scheme ?
The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF. There is no assurance that the investment objective of the Scheme will be realized.
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 Fund Scheme Benchmark
| Security Name | Weightage% |
|---|---|
| REC LTD. | 5.16% |
| POWER FINANCE CORPORATION LTD. | 4.76% |
| HDFC ASSET MANAGEMENT COMPANY LTD. | 3.00% |
| PERSISTENT SYSTEMS LTD. | 2.96% |
| AUROBINDO PHARMA LTD. | 2.67% |
| SUPREME INDUSTRIES LTD. | 2.53% |
| CG POWER AND INDUSTRIAL SOLUTIONS LTD. | 2.48% |
| POLYCAB INDIA LTD. | 2.34% |
| CUMMINS INDIA LTD. | 2.25% |
| TUBE INVESTMENTS OF INDIA LTD. | 2.18% |
| SOLAR INDUSTRIES INDIA LTD. | 2.07% |
| ALKEM LABORATORIES LTD. | 2.07% |
| COFORGE LTD. | 2.05% |
| KPIT TECHNOLOGIES LTD. | 1.97% |
| NMDC LTD. | 1.95% |
| APL APOLLO TUBES LTD. | 1.94% |
| TORRENT POWER LTD | 1.85% |
| DIXON TECHNOLOGIES (INDIA) LTD. | 1.77% |
| TATA ELXSI LTD. | 1.72% |
| MULTI COMMODITY EXCHANGE OF INDIA LTD. | 1.56% |
| OIL INDIA LTD. | 1.43% |
| CYIENT LTD. | 1.38% |
| KEI INDUSTRIES LTD. | 1.32% |
| APAR INDUSTRIES LTD. | 1.30% |
| NHPC LTD. | 1.27% |
| TATA COMMUNICATIONS LTD. | 1.25% |
| ASTRAL LTD. | 1.24% |
| CENTRAL DEPOSITORY SERVICES (INDIA) LTD. | 1.23% |
| OBEROI REALTY LTD. | 1.23% |
| ORACLE FINANCIAL SERVICES SOFTWARE LTD. | 1.19% |
| SONATA SOFTWARE LTD. | 1.13% |
| CONTAINER CORPORATION OF INDIA LTD. | 1.11% |
| LINDE INDIA LTD. | 1.09% |
| INDIAN BANK | 1.06% |
| BIRLASOFT LTD. | 0.98 |
| KARUR VYSYA BANK LTD. | 0.91% |
| PETRONET LNG LTD. | 0.91% |
| L&T TECHNOLOGY SERVICES LTD. | 0.91% |
| AIA ENGINEERING LTD. | 0.89% |
| ABBOTT INDIA LTD. | 0.85% |
| GLENMARK PHARMACEUTICALS LTD. | 0.83% |
| COROMANDEL INTERNATIONAL LTD. | 0.77% |
| IRCON INTERNATIONAL LTD. | 0.76% |
| AJANTA PHARMACEUTICALS LTD. | 0.74% |
| DEEPAK NITRITE LTD. | 0.73% |
| NCC LTD. | 0.69% |
| INDRAPRASTHA GAS LTD. | 0.67% |
| NARAYANA HRUDAYALAYA LTD. | 0.65% |
| COCHIN SHIPYARD LTD. | 0.64% |
| JYOTHY LABS LTD. | 0.62% |
| CASTROL INDIA LTD. | 0.62% |
| NBCC (INDIA) LTD. | 0.62% |
| SYNGENE INTERNATIONAL LTD. | 0.60% |
| INDIAN ENERGY EXCHANGE LTD. | 0.60% |
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Fund Manager Details
- Fund Manger : Ms. Ekta Gala
- Qualification : Inter CA (IPCC), Bachelor of Commerce (B. Com)
- Experience : Ms. Ekta Gala has professional experience of more than 6 years and her primary responsibility includes Dealer & Fund Management.She was previously associated with ICICI Prudential AMC as ETF Dealer.
- 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. Prior to this assignment, Mr. Singh was associated with NSE Indices Limited.
HOW WILL THE SCHEME ALLOCATE ITS ASSETS?
- Securitised debt.
- Debt Instruments with Structured obligation/Credit enhancements.
- Instruments having Special Features as defined under clause 12.2 of SEBI Master Circular SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 dated May 19, 2023.
- Derivatives.
- Repo in corporate debt securities.
- Securities lending or short selling.
- Credit Default Swaps.
- ADR/ GDR / Foreign Securities.
- Unrated Debt instruments.
- ReITs and InvITs.
- Fund of Fund Schemes.
Fund Manager Manages the Scheme?
- Ms. Ekta Gala
- Mr. Vishal Singh
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Fund Registrar
KFin Technologies Limited
Karvy Selenium, Tower B, Plot Number 31 & 32,
Financial District, Gachibowli, Hyderabad – 500 034.
Contact Persons: Mr. Babu PV
Tel No. : 040 3321 5237
Email Id : babu.pv@kfintech.com
Tel No. : 040 3321 5396
Email Id : parameswaran.p@kfintech.com
Website address: www.mfs.kfintech.com/mfs.com
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Fund form download
