Mirae Asset Nifty PSU Bank ETF Review

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Mirae Asset Nifty PSU Bank ETF Review Mirae Asset Nifty PSU Bank ETF Review Direct NFO Open on 24 September 2024 and Close on 30 September 2024. Mirae Asset Nifty PSU Bank ETF Direct NFO Allotment Date is 01 October 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 ₹[.].

Type of the Scheme

An open-ended scheme replicating/tracking Nifty PSU Bank Total Return Index.

Scheme Benchmark : Nifty PSU Bank TRI (Total Return Index) – Rationale for adoption of benchmark: The Trustees have adopted Nifty PSU Bank Index as the benchmark index.
As per its investment objective, the investment would primarily be in Securities which are constituents of the benchmark index. 

Mirae Asset Nifty PSU Bank ETF Scheme Benchmark

Company Weightage
State Bank of India 33.56
Bank of Baroda 15.71
Canara Bank 12.63
Punjab National Bank 11.94
Union Bank of India 7.99
Indian Bank 6.85
Bank of India 4.99
Bank of Maharashtra 2.14
Indian Overseas Bank 1.58
Central Bank of India 1.28

Mirae Asset Nifty PSU Bank ETF Important Date

Scheme Offer Mirae Asset Nifty PSU Bank ETF
Offer Price Rs. 10/- per Unit
Type of Scheme An open-ended
Open Date 24 Sep 2024
Close Date 30 Sep 2024
Allotment Date 01 Oct 2024
Category Other Schemes – Exchange Traded Fund (ETF)
Min Inv ₹ 5,000
Lock in Period N/A
Risk Very High
Scheme Benchmark Nifty PSU Bank 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 PSU Bank 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 PSU Bank 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. [.]

Mirae Asset Nifty PSU Bank 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.

Mirae Asset Nifty PSU Bank ETF Index Return

Where Will the Scheme Invest ? 

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

Also Read: Groww Nifty India Defence ETF Review

Mirae Asset Nifty PSU Bank 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 PSU Bank ETF Form Download

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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.

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