Mirae Asset Nifty Metal ETF Review

Rate this post

Mirae Asset Nifty Metal ETF Review Mirae Asset Nifty Metal ETF Review Direct NFO Open on 20 September 2024 and Close on 30 September 2024. Mirae Asset Nifty Metal ETF Direct NFO Allotment Date is [.] 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 scheme replicating/tracking Nifty Metal Total Return Index.

Scheme Benchmark : Nifty Metal TRI (Total Return Index) – Rationale for adoption of benchmark: The Trustees have adopted Nifty Metal Index as the benchmark index. As per its investment objective, the investment would primarily be in Securities which are constituents of the benchmark index. Thus, the composition of the aforesaid benchmark index is such that it is most suited for comparing performance of the Scheme.

Mirae Asset Nifty Metal ETF Scheme Benchmark

Company Weightage
Tata Steel Ltd. 18.88
Hindalco Industries Ltd. 15.36
JSW Steel Ltd. 13.46
Adani Enterprises Ltd. 11.87
Vedanta Ltd. 11.81
Jindal Steel & Power Ltd. 5.34
APL Apollo Tubes Ltd. 3.89
Jindal Stainless Ltd. 3.82
NMDC Ltd. 3.82
Steel Authority of India Ltd. 2.90

Mirae Asset Nifty Metal ETF Important Date

Scheme Offer Mirae Asset Nifty Metal ETF
Offer Price Rs. 10/- per Unit
Type of Scheme An open-ended
Open Date 20 Sep 2024
Close Date 30 Sep 2024
Allotment Date [.] 2024
Category Other Schemes – Exchange Traded Fund (ETF)
Min Inv ₹ 5,000
Lock in Period N/A
Risk Very High
Scheme Benchmark Nifty Metal TRI (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 the Nifty Metal Total Return Index, subject to tracking error. The Scheme does not guarantee or assure any returns. There is no assurance that the investment objective of the scheme will be achieved.

Mirae Asset Nifty Metal ETF Other Details

Exit Load Nil
Exit Load Details Nil
Entry Load N/A
Stamp Duty 0.005%
Min. Investment Rs. 5,000
Min. SIP Rs. 500

Mirae Asset Nifty Metal ETF Asset Allocation

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. Prior to this assignment, Ms. Ekta Gala was associated with ICICI Prudential Asset Management Company Ltd.

Fund Manger : Mr. Akshay Udeshi 
Qualification : MBA – Finance; B.E(Electronics) 
Experience :  Mr. Akshay Udeshi has over 4 years of experience in the field of financial services. He has been associated with the AMC since June 2021. Prior to this assignment, Mr. Udeshi was associated with Reliance Retail Limited where he was involved in product development in the affordability space. He also has an experience with L&T Financial Services where he was involved in product management of secured lending products.

Mirae Asset Nifty Metal ETF Index Return

Where Will the Scheme Invest ? 

  • Equity and Equity Related Instruments.
  • Debt & Money Market Instruments.
  • Investment in Derivatives.

Also Read: LIC MF Manufacturing Fund Review

Mirae Asset Nifty Metal ETF 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 Nifty Metal ETF Form Download

Download

Abhishek Roy is a Stock market Mutual Fund sip financial expert and online entrepreneur. With 4 years of experience in Stock market Mutual Fund sip, he is dedicated to empowering individuals to take control of their Stock market Mutual Fund and make smart investment decisions. Through IPOLive website he provides insightful tips, strategies and resources to help individuals grow their wealth and achieve financial stability.

Leave a Comment