Business News›Mutual Funds›Mirae Asset Mutual Fund › Mirae Asset Nifty 100 Low Volatility 30 ETF - Growth
Mirae Asset Nifty 100 Low Volatility 30 ETF - Grow...
Unrated
NAV as of Sep 29, 2023
150.860.85%
- Growth - Regular
(Earn upto 0.00% Extra Returns with Direct Plan)
Fund Category:
Equity: Large Cap
Expense Ratio:
0.28%(0.93% Category
average)Fund Size:
Rs. 5.84 Cr(0.00% of Investment in Category)
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Mirae Asset Nifty 100 Low Volatility 30 ETF - Growth
Unrated
NAV as of Sep 29, 2023
150.860.85%
Expense Ratio:
0.28%
Fund Size:
Rs. 5.84 Cr
Fund Category:
Equity: Large Cap
Mirae Asset Nifty 100 Low Volatility 30 ETF - Growth Fund Key Highlights
1. Current NAV: The Current Net Asset Value of the Mirae Asset Nifty 100 Low Volatility 30 ETF as of Sep 29, 2023 is Rs 150.86 for Growth option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 17.93% (since launch). Whereas, Category returns for the same time duration are: 15.3% (1yr), 21.45% (3yr) and 13.0% (5yr).
3. Fund Size: The Mirae Asset Nifty 100 Low Volatility 30 ETF currently holds Assets under Management worth of Rs 5.84 crore as on Aug 31, 2023.
4. Expense ratio: The expense ratio of the fund is 0.28% for Regular plan as on Aug 31, 2023.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 0. Minimum SIP investment is Rs 0.
1. Current NAV: The Current Net Asset Value of the Mirae Asset Nifty 100 Low Volatility 30 ETF as of Sep 29, 2023 is Rs 150.86 for Growth option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 17.93% (since launch). Whereas, Category returns for the same time duration are: 15.3% (1yr), 21.45% (3yr) and 13.0% (5yr).
3. Fund Size: The Mirae Asset Nifty 100 Low Volatility 30 ETF currently holds Assets under Management worth of Rs 5.84 crore as on Aug 31, 2023.
4. Expense ratio: The expense ratio of the fund is 0.28% for Regular plan as on Aug 31, 2023.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 0. Minimum SIP investment is Rs 0.
Mirae Asset Nifty 100 Low Volatility 30 ETF - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 1.58 3.69 16.17 - - - Category Avg 2.13 3.91 16.88 15.30 21.45 13.00 Rank within Category 102 54 66 - - - No. of funds within Category 155 154 151 143 104 84 - Loading...
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Return Comparison
- This Fund
- BenchmarkNIFTY 100 Low Volatility 30 Total Return Index
Choose from Benchmarks
- S&P BSE Sensex
- Nifty 50
- 1M
- 3M
- 6M
- 1Y
- 5Y
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Mirae Asset Nifty 100 Low Volatility 30 ETF - Growth Fund Details
Investment Objective - The investment objective of the scheme is seeks to generate returns, before expenses, that are commensurate with the performance of the Nifty 100 Low Volatility 30 Total Return Index, subject to tracking error. The Scheme does not guarantee or assure any returns.
| Fund House | Mirae Asset Mutual Fund |
| Launch Date | Mar 24, 2023 |
| Benchmark | NIFTY 100 Low Volatility 30 Total Return Index |
| Return Since Launch | 17.93% |
| Riskometer | Very High |
| Type | Open-ended |
| Risk Grade | - |
| Return Grade | - |
Mirae Asset Nifty 100 Low Volatility 30 ETF - Growth Investment Details
| Minimum Investment (Rs.) | 5,000.00 |
| Minimum Additional Investment (Rs.) | - |
| Minimum SIP Investment (Rs.) | - |
| Minimum Withdrawal (Rs.) | - |
| Exit Load | 0% |
Portfolio Allocation
Asset Allocation
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Asset Allocation History
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EquityDebtCash
Sector Allocation
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Market Cap Allocation
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Concentration & Valuation Analysis
| AUG 2023 | JUL 2023 | JUN 2023 | MAY 2023 | APR 2023 | MAR 2023 | |
|---|---|---|---|---|---|---|
| Number of Holdings | 31 | 32 | 30 | 30 | 30 | 30 |
| Top 5 Company Holdings | 19.48% | 19.01% | 18.93% | 20.05% | 20.36% | 19.52% |
| Top 10 Company Holdings | 37.38% | 36.94% | 36.5% | 37.66% | 38.42% | 37.34% |
| Company with Highest Exposure | Sun Pharmaceutical Industries (4.08%) | Sun Pharmaceutical Industries (4.09%) | Sun Pharmaceutical Industries (3.92%) | Nestle India (4.37%) | Nestle India (4.55%) | Nestle India (4.28%) |
| Number of Sectors | 10 | 11 | 10 | 10 | 10 | 10 |
| Top 3 Sector Holdings | 51.04% | 50.1% | 50.76% | 53.12% | 52.89% | 53.78% |
| Top 5 Sector Holdings | 74.63% | 71.48% | 74.41% | 72.89% | 72.93% | 74.01% |
| Sector with Highest Exposure | Consumer Staples (22.95%) | Consumer Staples (23.14%) | Consumer Staples (23.6%) | Consumer Staples (24.37%) | Consumer Staples (24.33%) | Consumer Staples (24.1%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Sun Pharmaceutical Industries Healthcare 4.08 32.96 35.16 22.14 Cipla Healthcare 4.07 30.82 38.49 6.39 NTPC Energy 3.82 13.34 18.41 53.81 Dr. Reddy's Laboratories Healthcare 3.81 19.70 283.58 28.86 ICICI Bank Financial 3.7 17.86 53.29 10.43 Nestle India Consumer Staples 3.69 79.45 283.29 17.56 Larsen & Toubro Construction 3.62 37.74 80.12 63.64 ITC Consumer Staples 3.6 27.77 16.00 33.77 Indian Oil Corporation Energy 3.51 5.24 17.36 35.85 Tata Consultancy Services Technology 3.48 29.52 119.55 17.44
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Mirae Asset Nifty 100 Low Volatility 30 ETF - Growth 150.86 Unrated 5.84 1.58 - - - ICICI Prudential S&P BSE Sensex Index Fund - Growth 21.15 1,072.12 1.50 15.63 20.88 13.49 Nippon India Large Cap Fund-Growth 65.81 15,855.03 2.12 25.11 30.56 15.13 DSP Nifty 50 Equal Weight Index Fund Regular - Growth 18.85 671.27 3.66 19.53 27.62 14.05 HDFC Index S&P BSE Sensex Fund-Growth 600.49 5,298.22 1.50 15.64 20.95 13.42
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
Mirae Asset Mutual Fund News
Fund Manager
- E.G.Ekta GalaSince Mar 202312 schemes
- V.S.Vishal SinghSince Aug 202310 schemes
Ms. Gala is a B.Com & Inter CA (IPCC) Prior to joining Mirae Asset Mutual Fund, she has worked with ICICI Prudential Asset Management Company Ltd.
Mr. Singh has done B.Com, CA, CFA and FRM Prior to joining Mirae Asset Mutual Fund, he was associated with NSE Indices Ltd. and Aranca (India) Private Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Mirae Asset Nifty Bank ETF - Growth Sectoral-Banking 446.12 Unrated 21.05 - Mirae Asset Nifty Midcap 150 ETF - Growth Mid Cap 15.26 Unrated 622.08 30.44 Mirae Asset Nifty India Manufacturing ETF FoF Regular - Growth Thematic 12.42 Unrated 53.24 20.01 Mirae Asset Nifty India Manufacturing ETF - Growth Thematic 99.12 Unrated 87.43 20.35 Mirae Asset Hang Seng TECH ETF FoF Regular - Growth International 7.29 Unrated 92.68 14.46 Mirae Asset S&P 500 Top 50 ETF FoF Regular - Growth International 11.38 Unrated 441.58 25.97 Mirae Asset Nifty Financial Services ETF - Growth Sectoral-Banking 20.13 Unrated 256.86 14.17 Mirae Asset NYSE FANG+ ETF FoF Regular - Growth International 12.95 Unrated 1,054.16 56.43 Mirae Asset Nifty Next 50 ETF - Growth Large Cap 455.38 Unrated 122.95 6.44 Mirae Asset Nifty 50 ETF - Growth Large Cap 206.84 Unrated 1,587.42 16.03
More Mirae Asset Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| Mirae Asset Large Cap Fund Regular- Growth | 35,880.14 | -0.14 | 7.10 | 12.66 | 11.30 | 18.67 | |
| Mirae Asset Emerging Bluechip Fund Regular-Growth | 27,948.25 | 2.13 | 12.78 | 19.20 | 16.02 | 24.19 | |
| Mirae Asset Tax Saver Fund Regular-Growth | 17,418.71 | 0.97 | 10.45 | 17.22 | 15.79 | 23.43 | |
| Mirae Asset Midcap Fund Regular - Growth | 11,359.71 | 4.16 | 18.31 | 25.68 | 20.27 | 31.96 | |
| Mirae Asset Cash Management Fund - Growth | 9,815.88 | 0.56 | 1.69 | 3.53 | 6.71 | 4.61 | |
| Mirae Asset Focused Fund Regular - Growth | 9,265.50 | 1.40 | 8.02 | 12.93 | 10.02 | 20.04 | |
| Mirae Asset Hybrid Equity Fund Regular-Growth | 7,777.52 | 0.14 | 6.68 | 13.08 | 12.42 | 16.95 | |
| Mirae Asset Great Consumer Fund Regular-Growth | 2,552.57 | 0.92 | 9.32 | 22.66 | 17.89 | 24.49 | |
| Mirae Asset Healthcare Fund Regular - Growth | 1,796.39 | 0.75 | 17.35 | 26.74 | 17.88 | 15.98 | |
| Mirae Asset NYSE FANG+ ETF - Growth | 1,642.91 | -2.03 | 7.10 | 44.34 | 54.04 | - |
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About Mirae Asset Nifty 100 Low Volatility 30 ETF - Growth
1. Mirae Asset Nifty 100 Low Volatility 30 ETF is Open-ended Large Cap Equity scheme which belongs to Mirae Asset Mutual Fund House.
2. The fund was launched on Mar 24, 2023.
Investment objective & Benchmark
1. The investment objective of the fund is that " The investment objective of the scheme is seeks to generate returns, before expenses, that are commensurate with the performance of the Nifty 100 Low Volatility 30 Total Return Index, subject to tracking error. The Scheme does not guarantee or assure any returns. "
2. It is benchmarked against NIFTY 100 Low Volatility 30 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.67% in equities, 0.0% in debts and 0.33% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 37.38% of the assets, the top 3 sectors constitute around 51.04% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Mirae Asset Nifty 100 Low Volatility 30 ETF - Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
1. Mirae Asset Nifty 100 Low Volatility 30 ETF is Open-ended Large Cap Equity scheme which belongs to Mirae Asset Mutual Fund House.
2. The fund was launched on Mar 24, 2023.
Investment objective & Benchmark
1. The investment objective of the fund is that " The investment objective of the scheme is seeks to generate returns, before expenses, that are commensurate with the performance of the Nifty 100 Low Volatility 30 Total Return Index, subject to tracking error. The Scheme does not guarantee or assure any returns. "
2. It is benchmarked against NIFTY 100 Low Volatility 30 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.67% in equities, 0.0% in debts and 0.33% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 37.38% of the assets, the top 3 sectors constitute around 51.04% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Mirae Asset Nifty 100 Low Volatility 30 ETF - Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
FAQs about Mirae Asset Nifty 100 Low Volatility 30 ETF - Growth
- Is it safe to invest in Mirae Asset Nifty 100 Low Volatility 30 ETF?As per SEBI’s latest guidelines to calculate risk grades, investment in the Mirae Asset Nifty 100 Low Volatility 30 ETF comes under Very High risk category.
- What is the category of Mirae Asset Nifty 100 Low Volatility 30 ETF?Mirae Asset Nifty 100 Low Volatility 30 ETF belongs to the Equity : Large Cap category of funds.
- How Long should I Invest in Mirae Asset Nifty 100 Low Volatility 30 ETF?The suggested investment horizon of investing into Mirae Asset Nifty 100 Low Volatility 30 ETF is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Mirae Asset Nifty 100 Low Volatility 30 ETF?The Mirae Asset Nifty 100 Low Volatility 30 ETF is managed by Ekta Gala (Since Mar 13, 2023) and Vishal Singh (Since Aug 28, 2023).
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