Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund Review

Mirae Asset Nifty200 Alpha 30 ETF Fund
WhatsApp Group Join Now
Telegram Group Join Now

Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund ReviewMirae Asset Nifty200 Alpha 30 ETF Fund Direct NFO Open on 08 July 2024 and Close on 22 July 2024. Mirae Asset Nifty200 Alpha 30 ETF Fund Direct NFO Allotment Date is 26 July 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 Nifty200 Alpha 30 ETF.

Scheme Benchmark : Nifty200 Alpha 30 TRI (Total Return Index) – Rationale for adoption of benchmark: The Trustees have adopted Nifty200 Alpha 30 Index as the benchmark index. The Nifty200 Alpha 30 Index has been chosen as the benchmark since the underlying Mirae Asset Nifty200 Alpha 30 ETF tracks the portfolio and performance of Nifty200 Alpha 30 Index. Since the scheme will invest in the units of Mirae Asset Nifty200 Alpha 30 ETF, Nifty200 Alpha 30 Index is an appropriate benchmark.

Mirae Asset Nifty200 Alpha 30 ETF Fund Scheme Benchmark

Top constituents by weightage

Company Weightage
Trent Ltd. 5.10
Bharat Heavy Electricals Ltd. 5.09
REC Ltd. 5.01
Power Finance Corporation Ltd. 4.99
Hindustan Aeronautics Ltd. 4.87
Dixon Technologies (India) Ltd. 4.59
Bharat Electronics Ltd. 4.58
Indus Towers Ltd. 3.80
Punjab National Bank 3.73
NMDC Ltd. 3.71

Mirae Asset Nifty200 Alpha 30 ETF Fund Nfo Important Date

Scheme Offer Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund
Offer Price Rs. 10/- per Unit
Type of Scheme An open-ended
Open Date 08 July 2024
Allotment Date 26 July 2024
Close Date 22 July 2024
Category Fund of Fund – Domestic (FOF)
Min Inv ₹ 5000
Lock in Period N/A
Risk Very High
Scheme Benchmark Nifty200 Alpha 30 TRI (Total Return Index)

Mirae Asset Nifty200 Alpha 30 ETF Fund Nfo Other Details

Exit Load 0.50%
Exit Load Details Exit load of 0.50%, if redeemed within 3 months.
Entry Load N/A
Stamp Duty 0.005%
Min. Investment Rs. 5000
Min. SIP Rs. 500

Mirae Asset Nifty200 Alpha 30 ETF Fund Review Asset Allocation

Instruments Allocation Min Allocation Max
Units of Mirae Asset Nifty200 Alpha 30 ETF 95% 100%
Money market instruments 0 5%
debt securities, Instruments 0 5%
debt/liquid schemes of domestic Mutual Funds 0 5%

Mirae Asset Nifty200 Alpha 30 ETF Fund Sector Representation

Sector Weightage
Capital Goods 26.44%
Financial Services 16.43%
Automobile and Auto Components 9.82%
Healthcare 9.38%
Oil, Gas & Consumable Fuels 6.91%
Telecommunication 6.34%
Services 5.18%
Consumer Services 5.10%
Consumer Durables 4.59%
Metals & Mining 3.71%
Information Technology 3.11%
Power 2.98%

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 Nifty200 Alpha 30 ETF. There is no assurance
that the investment objective of the Scheme will be achieved.

Mirae Asset Nifty200 Alpha 30 ETF Fund Review Index Return

Index Return QTD YTD 1 Year 5 Years Since Inception
Price Return 17.55 30.96 76.36 29.27 18.74
Total Return 17.75 31.58 77.99 30.49 20.10

Mirae Asset Nifty200 Alpha 30 ETF Fund Review Manager Details

  • 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. The other schemes being managed by Ms. Ekta Gala are:
    1. Mirae Asset Nifty 50 ETF 2. Mirae Asset Nifty Next 50 ETF 3. Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund 4. Mirae Asset Nifty 100 ESG Sector Leaders ETF 5. Mirae Asset NYSE Fang+ ETF Fund of Fund 6. Mirae Asset Nifty Financial Services ETF 7. Mirae Asset S&P 500 Top 50 ETF Fund of Fund 8. Mirae Asset Nifty India Manufacturing ETF
    9. Mirae Asset Nifty Midcap 150 ETF 10. Mirae Asset Hang Seng TECH ETF Fund of Fund 11.Mirae Asset Nifty India Manufacturing ETF Fund of Fund 12.Mirae Asset Nifty 100 Low Volatility 30 ETF 13.Mirae Asset Nifty Midcap 150 ETF 14. Mirae Asset Nifty Bank ETF 15. Mirae Asset Nifty IT ETF 16. Mirae Asset Nifty200 Alpha 30 ETF 17. Mirae Asset S&P BSE Sensex ETF 18. Mirae Asset Smallcap 250 Momentum Quality 100 ETF 19. Mirae Asset SmallCap 250 Momentum Quality 100 ETF Fund of Fund 20. Mirae Asset Nifty MidSmallCap 400 Momentum Quality 100 ETF 21. Mirae Asset Nifty MidSmallCap 400 Momentum Quality 100 ETF Fund of Fund.
  • 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. He has been associated with the AMC since June 2020. Prior to this assignment, Mr. Singh was associated with NSE Indices Limited where he was involved in development of index product and valuation of Indian fixed income securities. Mr. Singh also has an
    experience covering the global fixed income securities as an analyst for Aranca (India) Private Limited. Others schemes managed by him: 1.Mirae Asset Nifty 50 ETF 2. Mirae Asset Nifty Next 50 ETF 3. Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund 4. Mirae Asset Nifty 100 ESG Sector Leaders ETF 5. Mirae Asset NYSE Fang+ ETF Fund of Fund 6. Mirae Asset Nifty Financial Services ETF 7. Mirae Asset S&P 500 Top 50 ETF Fund of Fund 8. Mirae Asset Nifty India Manufacturing ETF 9. Mirae Asset Nifty Hang Seng Tech ETF FOF
    10. Mirae Asset Nifty 100 Low Volatility 30 ETF 11. Mirae Asset Nifty Midcap 150 ETF 12. Mirae Asset Nifty Bank ETF 13. Mirae Asset S&P BSE Sensex ETF 14. Mirae Asset Nifty200 Alpha 30 ETF 15. Mirae Asset Nifty IT ETF 16. Mirae Asset Smallcap 250 Momentum Quality 100 ETF 17. Mirae Asset SmallCap 250 Momentum Quality 100 ETF Fund of Fund
    18. Mirae Asset Nifty MidSmallCap 400 Momentum Quality 100 ETF 19. Mirae Asset Nifty MidSmallCap 400 Momentum Quality 100 ETF Fund of Fund.

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.

Also Read: Kotak BSE PSU Index Fund Review

Mirae Asset Nifty200 Alpha 30 ETF Fund Manager Manages the Scheme? 

  1. Ms. Ekta Gala
  2. Mr. Vishal Singh

Mirae Asset Nifty200 Alpha 30 ETF 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

Mirae Asset Nifty200 Alpha 30 ETF Fund Form Download

https://portal.amfiindia.com/spages/13949.pdf

FAQ-

What is Mirae Asset Nifty 200 alpha 30 ETF?

Mirae Asset Nifty 200 alpha 30 ETF is designed to click the alpha & momentum strategy, Based on 30 large and mid-cap stocks* selected and weighted based on their ‘alpha score’ rather than free float market cap.

What is alpha 30 Nifty 200?

The Alpha 30 Nifty 200 index Based on 30 stocks which are selected from its parent Nifty 200 index based on ‘Jensen’s Alpha.

What is nifty 200 quality 30?

The Nifty 200 quality 30 index Based on 30 stocks which are selected from its parent Nifty 200 index based on ‘Jensen’s Alpha.

What is alpha in ETF?

Alpha considered the active return of Percentage on investment.

1 thought on “Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund Review”

Leave a Comment

Open Demat Account

Add Your Google News Feed Money Mint idea

Follow Money Mint idea for the Upcoming IPO News & IPO Reviews, Also Keep Following us on X, Facebook, or Instagram , Linkedin For Our Latest Videos, Subscribe to Our YouTube Channel.