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Unrated

Mirae Asset Nifty Financial Services ETF


Suitability:

This is a fund that invests mainly in shares of banks and financial services companies.

We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.

But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -- -1.13 0.94 -6.06 -1.92 -- -- -- -- -- --
S&P BSE Bankex TRI -- -1.00 0.18 -8.33 -1.65 -- -- -- -- -- --
Equity: Sectoral-Banking -- -0.75 0.59 -7.66 -1.22 -- -- -- -- -- --
Rank within category -- 30 3 3 17 -- -- -- -- -- --
Number of funds in category 28 30 30 30 30 28 27 18 17 11 8

As on 03-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Mirae Asset Nifty Financial Services ETF  | Invest Online
Unrated
Jul-21 -- -- -- 0.13% 86
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 21.33 14.68 17.09 1.96% 3,106
Tata Banking and Financial Services Fund - Regular Plan  | Invest Online
4 star
Dec-15 23.00 15.17 16.43 2.45% 856
Sundaram Financial Services Opportunities Fund - Regular Plan
4 star
Jun-08 26.08 16.06 14.44 2.55% 485
Nippon India ETF Bank BeES  | Invest Online
Unrated
May-04 23.10 10.04 14.55 0.18% 10,655

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 4.25 26-Aug-2021 - 02-Sep-2021 -5.32 18-Nov-2021 - 26-Nov-2021
Month 9.07 02-Aug-2021 - 01-Sep-2021 -9.67 27-Oct-2021 - 26-Nov-2021
Quarter 14.95 02-Aug-2021 - 01-Nov-2021 0.56 27-Aug-2021 - 26-Nov-2021
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
S&P BSE Bankex TRI* 16.37 33.21 0.38 0.46 -- --
Equity: Sectoral-Banking* 14.91 33.09 0.36 0.42 0.96 -0.89
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 30-Nov-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 20
Top 10 Stocks (%) 92.96
Top 5 Stocks (%) 73.30
Top 3 Sectors (%) 100.01
Portfolio P/B Ratio 3.33
Portfolio P/E Ratio 26.65

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 4,24,859 2,87,693
Giant (%) 89.25 74.70
Large (%) 8.51 10.32
Mid (%) 2.24 12.64
Small (%) -- 4.68
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up HDFC Bank Financial 24.50 23.44 22.49 22.49
up ICICI Bank Financial 23.44 18.06 16.20 18.06
up HDFC Financial 24.08 17.13 16.35 16.67
up Kotak Mahindra Bank Financial 38.01 9.81 8.74 9.68
up Bajaj Finance Financial 85.76 6.79 6.14 6.39
up State Bank of India Financial 14.74 6.26 5.55 6.26
up Axis Bank Financial 20.63 6.88 6.21 6.21
up Bajaj Finserv Financial 65.91 3.59 3.19 3.50
up HDFC Life Insurance Insurance 123.96 2.24 2.02 2.06
up SBI Life Insurance Company Insurance 94.36 1.80 1.64 1.64
up ICICI Lombard General Insurance Company Insurance 56.55 1.35 1.18 1.23
up Piramal Enterprises Healthcare 51.68 1.08 1.03 1.03
up Shriram Transport Finance Company Financial 16.15 1.03 0.87 0.94
up Cholamandalam Investment & Finance Company Financial 29.16 0.79 0.70 0.79
up ICICI Prudential Life Insurance Co. Ltd. Insurance 138.39 0.91 0.78 0.78
up Muthoot Finance Financial 14.85 0.63 0.52 0.52
up Power Finance Corporation Financial 2.45 0.56 0.50 0.50
up HDFC Asset Management Company Financial 39.97 0.59 0.48 0.48
up REC Financial 2.82 0.52 0.45 0.45
up M&M Financial Services Financial -- 0.37 0.32 0.35

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Oct-2021

Fund Manager

— Ekta Gala since 22-Jul-2021

Education: Ms. Gala is a B.Com & Inter CA (IPCC)

Experience: Prior to joining Mirae Asset Mutual Fund, she has worked with ICICI Prudential Asset Management Company Ltd.

Funds Managed:


-1.13%

Change from previous, NAV as on 03-Dec-2021

Growth: ₹ 17.7690


Investment Strategy

The scheme seeks to generate returns, before expenses, that are commensurate with the performance of the Nifty Financial Services Total Return Index, subject to tracking error.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) --
Minimum SIP Investment (₹) --
Minimum No of Cheques --
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Mirae Asset Mutual Fund
Launch Date: 30-Jul-2021
Return Since Launch: 7.53%
Benchmark: NIFTY Financial Services TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 86 Cr (As on 31-Oct-2021)
Expense: 0.13% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: --
Turnover: --

Contact Information

AMC: Mirae Asset Investment Managers (India) Pvt. Ltd.

Address: Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai - 400098

Phone: 022-67800301 / 1800-2090-777

Email: [email protected]

Website: http://www.miraeassetmf.co.in

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: mfs[email protected]

Website: www.karvymfs.com

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