Mirae Asset Nifty Total Market Index Fund Review – Mirae Asset Nifty Total Market Index Fund Review Direct NFO Open on 08 October2024 and Close on 22 Oct 2024. Mirae Asset Nifty Total Market Index Fund Direct NFO Allotment Date is 28 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 Total Market Total Return Index.
Scheme Benchmark : The performance of the scheme will be benchmarked to the Nifty Total Market Total Return Index. Rationale for adoption of benchmark: The Trustees have adopted Nifty Total Market Total Return Index as the benchmark index.
Mirae Asset Nifty Total Market Index Fund Scheme Benchmark
| Company | Weightage |
|---|---|
| HDFC Bank Ltd. | 6.38 |
| Reliance Industries Ltd. | 4.86 |
| ICICI Bank Ltd. | 4.36 |
| Infosys Ltd. | 3.28 |
| ITC Ltd. | 2.34 |
| Bharti Airtel Ltd. | 2.23 |
| Tata Consultancy Services Ltd. | 2.12 |
| Larsen & Toubro Ltd. | 2.10 |
| Axis Bank Ltd. | 1.71 |
| State Bank of India | 1.47 |
Mirae Asset Nifty Total Market Index Fund Important Date
| Scheme Offer | Mirae Asset Nifty Total Market Index Fund |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | An open-ended |
| Open Date | 08 Oct 2024 |
| Close Date | 22 Oct 2024 |
| Allotment Date | 28 Oct 2024 |
| Category | Other Schemes - Index Fund |
| Min Inv ₹ | ₹5,000 |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | Nifty Total Market 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 Total Market Total Return Index.
Mirae Asset Nifty Total Market 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 Total Market Index Fund Asset Allocation
| Instruments | Allocation Min | Allocation Max |
|---|---|---|
| Equity Securities covered by Nifty Total Market 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 Total Market Index Fund Sector Representation
| Sector | Weightage |
|---|---|
| Financial Services | 27.26 |
| Information Technology | 9.19 |
| Oil, Gas & Consumable Fuels | 8.01 |
| Automobile and Auto Components | 7.37 |
| Fast Moving Consumer Goods | 7.24 |
| Capital Goods | 6.17 |
| Healthcare | 6.13 |
| Power | 3.77 |
| Consumer Services | 3.67 |
| Metals & Mining | 3.47 |
| Consumer Durables | 3.33 |
| Construction | 3.00 |
| Telecommunication | 2.94 |
| Chemicals | 2.38 |
| Construction Materials | 1.96 |
| Services | 1.79 |
| Realty | 1.40 |
| Textiles | 0.35 |
| Media, Entertainment & Publication | 0.25 |
| Diversified | 0.16 |
| Forest Materials | 0.10 |
| Utilities | 0.07 |
Mirae Asset Nifty Total Market Index Fund Index Return
| Index Return | QTD | YTD | 1 Year | 5 Years | Since Inception |
|---|---|---|---|---|---|
| Price Return | 7.62 | 25.21 | 40.80 | 21.50 | 14.34 |
| Total Return | 7.90 | 26.20 | 42.12 | 22.76 | 15.88 |
Where Will the Scheme Invest ?
- Equity and Equity Related Instruments.
- Debt & Money Market Instruments.
- Investment in Derivatives.
Also Read: Tata Nifty Capital Markets Index Fund Review
Mirae Asset Nifty Total Market 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
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