MIRAEAMC - ALPHAETF

About Mirae Asset Nifty 200 Alpha 30 ETF

• The Mirae Asset Nifty 200 Alpha 30 ETF is an open-ended scheme offered by the Mirae Asset Mutual Fund House.
• The fund’s inception date is October 20, 2023.
• The symbol for the ETF on the National Stock Exchange (NSE) is ALPHAETF.
• The fund’s assets under management (AUM) are ₹68.13 crore as of June 30, 2024.
• The Mirae Asset Nifty 200 Alpha 30 ETF is managed by Ekta Gala and Vishal Singh.
• The ETF units can be traded during the usual market hours using a demat account with a registered broker.
• One can invest in the scheme by buying its units during the usual market hours.

Investment Objective and Benchmark

• The benchmark for the fund is the Nifty 200 Alpha 30 Total Return Index (TRI).
• The scheme aims to generate returns that match the performance of equity stocks in the underlying index, subject to minor tracking errors.
• A total of 30 stocks make up the Nifty 200 Alpha 30 index. Jensen's Alpha is used to select these stocks from its parent index, the Nifty 200.
• The index responds to shifting market conditions by providing currently outperforming sectors with more coverage and weight.
• With an investment horizon of three years or more, the fund can weather short-term market swings and realise its long-term potential.
• The fund is also suitable for those seeking investments in equity securities covered by the Nifty 200 Alpha 30 Total Return Index.
• For large investors to transact directly with the AMC, they must have a minimum of ₹25 crore.
• Other investors, including market makers, large investors, and regulated entities, can subscribe to units of the scheme in lots of one unit.
• The fund does not attract any entry or exit load.
• The scheme is categorised as very high investment

Asset Allocation & Portfolio Composition

• Usually, 95% to 100% of the assets will be made up of stocks that are part of the Nifty 200 Alpha 30 Index.
• Money market instruments will make up 0% to 5% of the total assets; these include Tri-Party REPO, debt securities, units of debt and liquid schemes of domestic mutual funds.
• The scheme primarily invests in giant and large-cap companies, allocating them nearly 90% of the assets.
• Top 10 equity stocks constitute 47.43% of the ETF's asset allocation.

The fund’s top 10 constituents with the portfolio weight as of June 30, 2024:

• Trent Limited: 5.10%
• Bharat Heavy Electricals Limited: 5.08%
• REC Limited: 5.00%
• Power Finance Corporation Limited: 4.98%
• Hindustan Aeronautics Limited: 4.87%
• Dixon Technologies (India) Limited: 4.59%
• Bharat Electronics Limited: 4.58%
• Indus Towers Limited: 3.80%
• Punjab National Bank: 3.73%
• NMDC Limited: 3.70%
• Sector-wise allocation of funds:
• Electrical Equipment: 11.01%
• Finance: 9.98%
• Aerospace & Defense: 9.57%
• Pharma & Biotech: 9.37%
• Automobiles: 5.43%
• Telecom Services: 4.33%
• Industrial Products: 5.09%
• Transport Infrastructure: 1.86%
• Retailing: 1.63%
• Consumer Durables: 4.40%
• Others: 26.02%

The ETF has delivered a return of 96.72% since its inception compared to its benchmark's yield of 98.04%, as of June 30, 2024.