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Fund Facts
  • Name of Fund:
    Mirae Asset Nifty Bank ETF
  • Opening:
    12th July 2023
  • Closing:
    18th July 2023
  • Scheme Type:
    Open Ended Other ETF
  • Minimum Investment:
    Rs. 5,000 per application and in multiples of Re. 1 thereafter
  • Plan:
    Not Applicable
  • Options:
    Not Applicable
  • Entry Load:
    Not Applicable
  • Exit Road:
    Not Applicable
  • Thereafter:
    Not Applicable

Fund Stats


The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty Bank Total Return Index, subject to tracking error.

  • Benchmark:


  • Fund Manager:

  • Ekta Gala

Asset Allocation

95-100% Securities included in the Nifty Bank Index
upto 5% Money Market
Comparable existing schemes
SBI Nifty Bank ETF 8.95(6M) 28.05(1Y)
DSP Nifty Bank ETF 9.01(6M) Not Available

Fund Prognosis

Idea Distiller

The ETF route is the cheapest option for the big ticket investors. And the banking segment is a deep enough one to provide investment comfort.

  • Fund House AAUM:

  • Rs. 12482400.84 Lakhs (as on 30th June 2023)

  • Fund Manager:

  • Combined experience of above 5 years

Scheme DNA 4 fundamentals

  • RISK

OOMP Factor

For the "aam aadmi" not much as there are lots of options that can make more money in the active space. But for the big investors, why not.