Loading...

Home >> Blog >> Mirae Asset MF launches Nifty500 Multicap 50:25:25 ETF NFO

Mirae Asset MF launches Nifty500 Multicap 50:25:25 ETF NFO

  


Mirae Asset Nifty500 Multicap 50:25:25 ETF: Complete Overview

Mirae Asset Mutual Fund launches “Mirae Asset Nifty500 Multicap 50:25:25 ETF”. It is an open-ended equity scheme that replicates the Nifty500 Multicap 50:25:25 ETF. The New Fund Offer (NFO) date is from August 12 to August 26, 2024, with an NFO price of Rs.5000 and in multiples of Rs.1 thereafter. To learn about the Fund's asset allocation, and other financial characteristics that influence decision-making, carefully read this blog.

Mirae Asset Nifty500 Multicap 50:25:25 ETF NFO Details

The scheme is suitable for investors who want to achieve returns that correspond to the Nifty500 Multicap 50:25:25 Total Return Index's performance, subject to long-term tracking error and investments in equities securities included in the index. The scheme is a very high-risk scheme. There is no assurance that the scheme's investment goal will be met. The scheme will invest 95-100% of its units in Equity underlying the Nifty500 Multicap 50:25:25 Total Return Index and 0-5% in money market instruments including debt securities, instruments of the domestic mutual fund industry, or units of debt or liquid schemes.

Click Here To Stay Updated With The Latest NFOs.

Fund Overview

The minimum subscription amount is set at Rs.5000 and in multiples of Rs.1 thereof.

Start Date

12 August 2024

End Date

26 August 2024

Allotment Date / Subscription Date

September 2, 2024.

VRO rating

-

Expense Ratio

Nil

Exit Load

Nil

AUM 

Rs.116311 Cr (as of 31 Mar 2023)

Lock-in

NA

Stamp Duty

0.005% (From July 1st 2020)

Benchmark 

Nifty500 Multicap 50:25:25 Total Return Index.

Min. Investment

Rs.5000 and in multiple of Rs.1.

Risk

Very High

Short-term capital gains (STCG)

For less than 2 years, as per Tax Slab.

Long-term capital gains (LTCG)

For more than 2 years, a 12.50% Tax is applicable.

How To Invest In The NFO After The Closure Date?

If you have missed participating in the NFO and now want to invest in the same Scheme on a continuous basis, then on 2 September 2024, when the Scheme will reopen; you will have the option to participate and invest directly in the Mutual Fund by spending at NAV based price by logging on to your Demat account and search for “Mirae Asset Nifty500 Multicap 50:25:25 ETF” or directly with the AMC or simply click the ‘Banner’ below

The Objective of The Fund

The Scheme intends to achieve returns that, before costs, correspond to the Nifty500 Multicap 50:25:25 Total Return Index's performance, subject to tracking error. Nevertheless, there can be no assurance or guarantee that the scheme's investment goals will be met.

Asset allocation (% of Total Assets) of the Scheme's portfolio will be as follows:

Types of Instruments

Minimum Allocation (% of Total Assets)

Maximum Allocation (% of Total Assets)

Securities included in the Nifty500 Multicap 50:25:25 Index

95

100

Money market instruments including debt securities, instruments of the domestic mutual fund industry, or units of debt or liquid schemes

0

5

Peers of Mirae Asset Nifty500 Multicap 50:25:25 ETF

Scheme

1Y Return

AUM (Rs.)

Motilal Oswal Nifty 500 Index Fund

32.86%

1525.15 Cr.

HDFC BSE 500 Index Fund

32.19%

156.3 Cr.

Motilal Oswal S&P 500 Index

19.99%

3391.09 Cr.

Since this scheme is a new scheme, hence no comparable data on its past performance against its peers is available.

Risk Factors In Such Funds

  • The Scheme's NAV will change in response to stock market fluctuations. The Investor could lose capital over a short or long period due to fluctuations in the Scheme's NAV as a result of variables such as company performance.

  • Although closely tracking the index is the scheme's goal, performance may not always match the underlying Index's performance on a given day or over a particular length of time.

  • Using derivatives carries risks that are distinct from, or possibly higher than, those of making direct investments in stocks and other conventional instruments.

  • The investment in the scheme could increase or decrease based on a variety of variables and pressures affecting the debt and capital markets, as well as changes in the interest rate, price, and value of the securities in which the scheme invests.

Past Performance of Index Funds

Index Funds

NAV (Rs.)

Annualised Return

Return / Risk

Motilal Oswal Nifty India Defence Index Fund Regular

9.35

-11.79%

Very High Risk

Nippon India Nifty 50 Value 20 Index Fund Direct-Growth

19.89

38.25%

Very High Risk

HSBC Nifty Next 50 Index Fund Direct-Growth

31.63

62.16%

Very High Risk

Mirae Asset Nifty500 Multicap 50:25:25 ETF NFO-Who Can Invest?

This Fund is ideal for those who want to achieve returns that correspond to the Nifty500 Multicap 50:25:25 Total Return Index's performance, subject to long-term tracking error and investments in equities securities included in the index.

Mirae Asset Nifty500 Multicap 50:25:25 ETF NFO-Growth Fund Managers

  • Ms. Ekta Gala 

  • Mr. Vishal Singh

Conclusion

The new Mirae Asset Nifty500 Multicap 50:25:25 ETF is appropriate for investors aiming for returns corresponding to the Nifty500 Multicap 50:25:25 Total Return Index's performance, subject to long-term tracking error and investments in equities securities included in the index. Always assess your Financial Goals, Risk tolerance, time horizons, etc. before making an investment decision. 

Disclaimer: This NFO analysis is provided solely for informative reasons and should not be construed as investment advice. Always conduct research and talk with a financial advisor before investing.



Frequently Asked Questions

+

The NAV of this Fund during the NFO period is Rs.10 and would be changed after the NFO period and it would be updated on AMC’s website and AMF’s website.

+

The exit load of this Scheme is Nil.

+

NAV expands as Net Assets Value.

+

The starting date of the NFO is August 12, 2024.

+

The end date of the NFO is 26 August 2024.

+

The NFO's Fund Managers are Ms. Ekta Gala and Mr. Vishal Singh.



Liked What You Just Read? Share this Post:




Viewer's Thoughts

Any Question or Suggestion

Post your Thoughts


NFO

Related Blogs

Mirae Asset Nifty Total Market Index Fund NFO

NFO | 11-10- 2024

Mirae Asset Nifty Total Market...

Analyze their Mirae Asset Nifty Total Market Index Fund NFO. Learn about its benefits, objectives, and risks. NFO open: ...

Continue Reading
Mirae Asset Nifty LargeMidcap 250 Index Fund NFO

NFO | 11-10- 2024

Mirae Asset Nifty LargeMidcap ...

Analyze the Mirae Asset Nifty LargeMidcap 250 Index Fund NFO. Learn about its benefits, objectives, and risks. NFO open:...

Continue Reading
Mirae Asset Nifty 50 Index Fund NFO

NFO | 11-10- 2024

Mirae Asset Nifty 50 Index Fun...

Explore Mirae Asset Nifty 50 Index Fund NFO: Date, Review & NAV: Date. Open 10 Oct, close 18 Oct 2024. Learn benefits, a...

Continue Reading
Tata Nifty Capital Markets Index Fund

NFO | 10-10- 2024

Tata Nifty Capital Markets Ind...

Explore Tata Nifty Capital Markets Index Fund: Date. Open 07 Oct, close 21 Oct 2024. Learn benefits, and risks, and inve...

Continue Reading
Kotak MNC Fund NFO

NFO | 10-10- 2024

Kotak MNC Fund NFO: Date, Revi...

Explore the Kotak MNC Fund NFO. Discover its objectives, benefits, and risk factors. NFO opens on 7th Oct and closes on ...

Continue Reading
Groww Gold ETF

NFO | 09-10- 2024

Groww Gold ETF: Date, Review ...

Explore The Groww Gold ETF NFO. Learn its objectives, benefits & Risk Factors. NFO opens on 07 Oct & closes on 18 Oct 20...

Continue Reading
to Learn Important Strategy worth Rs.15000
Subscribe on
YouTube
Follow us on
Instagram
Follow Us on
Twitter
Like Us on
Facebook