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
Download