Mirae Asset Nifty PSU Bank ETF Review – Mirae Asset Nifty PSU Bank ETF Review Direct NFO Open on 24 September 2024 and Close on 30 September 2024. Mirae Asset Nifty PSU Bank ETF Direct NFO Allotment Date is 01 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 ₹[.].
Type of the Scheme
An open-ended scheme replicating/tracking Nifty PSU Bank Total Return Index.
Scheme Benchmark : Nifty PSU Bank TRI (Total Return Index) – Rationale for adoption of benchmark: The Trustees have adopted Nifty PSU Bank Index as the benchmark index.
As per its investment objective, the investment would primarily be in Securities which are constituents of the benchmark index.
Mirae Asset Nifty PSU Bank ETF Scheme Benchmark
Company
Weightage
State Bank of India
33.56
Bank of Baroda
15.71
Canara Bank
12.63
Punjab National Bank
11.94
Union Bank of India
7.99
Indian Bank
6.85
Bank of India
4.99
Bank of Maharashtra
2.14
Indian Overseas Bank
1.58
Central Bank of India
1.28
Mirae Asset Nifty PSU Bank ETF Important Date
Scheme Offer
Mirae Asset Nifty PSU Bank ETF
Offer Price
Rs. 10/- per Unit
Type of Scheme
An open-ended
Open Date
24 Sep 2024
Close Date
30 Sep 2024
Allotment Date
01 Oct 2024
Category
Other Schemes - Exchange Traded Fund (ETF)
Min Inv ₹
5,000
Lock in Period
N/A
Risk
Very High
Scheme Benchmark
Nifty PSU Bank 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 PSU Bank 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 PSU Bank 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. [.]
Mirae Asset Nifty PSU Bank ETF Asset Allocation
Instruments
Allocation Min
Allocation Max
Securities included in the Nifty PSU Bank Index
95%
100%
Money market instruments /
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.
Mirae Asset Nifty PSU Bank ETF Index Return
Index Return
QTD
YTD
1 Year
5 Years
Since Inception
Price Return
-5.16
22.27
56.38
23.07
9.86
Total Return
-5.16
23.15
57.51
24.08
11.48
Where Will the Scheme Invest ?
- Equity and Equity Related Instruments.
- Debt & Money Market Instruments.
- Investment in Derivatives.
Also Read: Groww Nifty India Defence ETF Review
Mirae Asset Nifty PSU Bank 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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