The Mirae Asset Nifty 50 ETF is an open-ended exchange-traded fund designed to replicate the performance of the NIFTY 50 Total Return Index (TRI), which comprises 50 prominent blue-chip companies listed on the NSE of India. The fund aims to generate returns, before expenses, that are commensurate with the performance of the NIFTY 50 TRI, subject to tracking error.
Key Details:
- Investment Objective: To generate returns that closely correspond to the performance of the NIFTY 50 TRI, subject to tracking error.
- Fund Managers: Ms. Ekta Gala (since December 28, 2020) and Mr. Vishal Singh (since August 28, 2023).
- Stock Exchanges: Units of the ETF can be bought and sold like any other equity share on the NSE and the Bombay Stock Exchange (BSE) through a stockbroker.
- Minimum Trading Lot: Through the exchange, the minimum trading lot is 1 unit. Through the Asset Management Company (AMC) or Authorized Participant, transactions can be made in multiples of 50,000 units (creation unit size).
- Net Asset Value (NAV): As of November 3, 2023, the NAV of the Mirae Asset Nifty 50 ETF was ₹201.7910.
- Expense Ratio: The fund has an expense ratio of 0.05%.
- Asset Under Management (AUM): As of September 30, 2023, the fund’s AUM was ₹1,637 crore.
- Risk Level: The fund is classified under the ‘Very High’ risk category as per SEBI’s Riskometer.
Investment Strategy:
The fund invests in the same securities and in the same proportion as the NIFTY 50 TRI, ensuring that its performance closely mirrors that of the index. This passive investment strategy provides investors with exposure to India’s leading companies across various sectors.
How to Invest:
Investors can purchase units of the Mirae Asset Nifty 50 ETF directly through the NSE or BSE using a trading and demat account. Alternatively, large investors can transact directly with the AMC in creation unit sizes.
Performance:
The fund’s performance is designed to closely track the NIFTY 50 TRI. Investors can expect returns that are in line with the performance of the NIFTY 50 Index, subject to tracking errors and fund expenses.
Suitability:
This ETF is suitable for investors seeking exposure to the NIFTY 50 Index with the convenience of trading on the stock exchange. It offers a cost-effective way to invest in a diversified portfolio of large-cap Indian equities.
key details:
Please note that the NAV and other financial metrics are subject to change. For the most current information, it’s advisable to visit the official Mirae Asset Mutual Fund website or consult with a financial advisor.
Mirae Asset Nifty 50 ETF Holdings
The Mirae Asset Nifty 50 ETF is designed to replicate the NIFTY 50 Total Return Index, providing investors with exposure to 50 prominent blue-chip companies listed on the National Stock Exchange of India.
Top Holdings:
As of the latest available data, the ETF’s portfolio includes the following top constituents:
- Reliance Industries Ltd.
- HDFC Bank Ltd.
- Infosys Ltd.
- ICICI Bank Ltd.
- Tata Consultancy Services Ltd.
- Hindustan Unilever Ltd.
- ITC Ltd.
- Kotak Mahindra Bank Ltd.
- Larsen & Toubro Ltd.
- Axis Bank Ltd.
These holdings represent a diversified mix of sectors, including energy, financial services, information technology, consumer goods, and industrials.
Sector Allocation:
The ETF’s sector allocation is aligned with that of the NIFTY 50 Index, ensuring broad market exposure. The major sectors represented in the fund include:
- Financial Services
- Information Technology
- Consumer Goods
- Energy
- Automobiles
- Pharmaceuticals
This diversified sector allocation helps mitigate risks associated with any single industry.
Investment Strategy:
The Mirae Asset Nifty 50 ETF employs a passive investment strategy by investing in the same securities and in the same proportion as the NIFTY 50 Total Return Index. This approach ensures that the fund’s performance closely mirrors that of the index, subject to tracking errors.
Conclusion:
By investing in the Mirae Asset Nifty 50 ETF, investors gain access to a diversified portfolio of India’s leading companies across various sectors, reflecting the overall performance of the Indian equity market.
Mirae Asset Nifty 50 ETF Returns
As of January 29, 2025, the Mirae Asset Nifty 50 ETF has delivered the following annualized returns:
| Time Period | Annualized Return |
| 1 Year | 12.5% |
| 3 Years | 14.2% |
| 5 Years | 13.8% |
These returns are indicative of the fund’s performance over the specified periods. Please note that past performance is not indicative of future results, and it’s essential to consider your investment objectives and risk tolerance before making investment decisions.
Mirae Asset Nifty 50 Index Fund – Direct Growth
The Mirae Asset Nifty 50 Index Fund – Direct Growth is an open-ended equity scheme that aims to replicate the performance of the Nifty 50 Index, providing investors with exposure to India’s top 50 large-cap companies.
Key Details:
| Attribute | Details |
| Fund Type | Open-ended equity index fund |
| Investment Objective | To generate returns, before expenses, that are commensurate with the performance of the Nifty 50 Index, subject to tracking error. |
| Fund Manager | Ms. Ekta Gala (since December 28, 2020) and Mr. Vishal Singh (since August 28, 2023) |
| Minimum Investment | ₹5,000 for lump sum investments; ₹500 for Systematic Investment Plan (SIP) |
| Expense Ratio | 0.05% (Direct Plan) |
| Risk Level | Very High (as per SEBI’s Riskometer) |
| Taxation | Short-Term Capital Gains (STCG): 15% if units are redeemed within 1 year. Long-Term Capital Gains (LTCG): Gains up to ₹1 lakh in a financial year are tax-free; above ₹1 lakh, taxed at 10%. Dividend Income: Taxed as per the investor’s income tax slab. |
Strengths of Mirae Asset Nifty 50 ETF
(1) Diversified Exposure: Invests in the Nifty 50 index, which includes India’s top 50 companies across various sectors, reducing sectoral concentration risk.
(2) Low Expense Ratio: At just 0.05%, it is one of the cheapest ways to get exposure to the Indian equity market compared to actively managed funds.
(3) Liquidity: As an ETF, it trades on stock exchanges, allowing investors to buy/sell units throughout market hours at real-time prices.
(4) Transparency: The fund replicates the Nifty 50 index, making its holdings predictable and transparent to investors.
(5) No Active Management Risk: Since it follows a passive investment strategy, there’s no risk of poor stock selection by fund managers.
(6) Long-Term Growth Potential: The Nifty 50 historically offers strong long-term returns, benefiting from India’s economic growth.
Risks of Mirae Asset Nifty 50 ETF
(1) Market Risk: The fund’s performance is directly linked to the Nifty 50, making it vulnerable to overall market fluctuations.
(2) Tracking Error: While the ETF aims to mimic the index, slight deviations in returns can occur due to expenses and execution inefficiencies.
(3) Liquidity Risk: Though ETFs are liquid, low trading volumes may lead to bid-ask spreads, affecting buying/selling prices.
(4) No Outperformance: Unlike actively managed funds, ETFs cannot outperform the index and may underperform slightly due to costs.
(5) Macroeconomic Factors: Interest rates, inflation, and global economic conditions can impact market performance and, in turn, the ETF’s returns.
(6) Foreign Investment Impact: The Nifty 50 includes companies with foreign investments, making it susceptible to global fund flows and currency fluctuations.
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