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Mirae AMC - BANKETF

BANKETF

₹523.16+₹2.94 (0.57%) TodayLast updated on 11 Nov, 2024 | 15:29 IST

Mirae AMC - BANKETF Chart

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ETF is trading at a premiumMarket price ₹523.16 is higher than iNAV ₹522.38
👎 Be cautious, the ETF is expensive right now
  • Fund overview
  • Returns
  • Composition
  • More

Fund overview

About
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Open
₹525.47
Close
₹520.22
Volume
2,892
Avg. traded
₹524.08
Circuit range
₹418.75 - ₹628.12
Day range
₹518.59 - ₹526.57
Year range
₹433.00 - ₹551.94
AUM
₹171.38 Cr

Managers

Ekta Gala, +1 more
Launch Date
20 Jul 2023
Mirae AMC - BANKETF

About Mirae Asset Nifty Bank ETF

  • Mirae Asset Nifty Bank ETF is an open-ended value-oriented equity scheme that belongs to Mirae Asset Mutual Fund House.
  • The ETF invests in the top 12 private and public sector banks. The weightage of each constituent in the index is based on its free-float market capitalisation.
  • The fund was launched on July 26, 2023.
  • Ekta Gala and Vishal Singh are the fund managers of Mirae Asset Nifty Bank ETF.
  • The total assets under management (AUM) of this fund stood at ₹147 crore as of June 30, 2024.
  • One can invest by buying ETF units through a broker. The ETF units can also be bought by retail investors directly on the exchanges through their demat account

Investment Objective & Benchmark

  • The investment objective of the scheme is to generate returns that are commensurate with the performance of the underlying index.

  • It is a benchmark against Nifty Bank Index which comprises the top banking sectors stocks.

  • The investment strategy revolves around reducing the tracking error to the least possible through rebalancing the portfolio, considering the change in weights of stocks in the index as well as the incremental redemptions from the scheme.

  • The risk factor level of Mirea Nifty Bank is very high. Mirae Asset Nifty Bank ETF has an expense ratio of 0.09%.

  • With a growing demand for borrowings, the banking sector is poised to grow at a stable rate in the near future.

  • Banks in India follow stringent regulation, ensuring transparency and limiting investor’s risk to fraud.

Asset Allocation & Portfolio Composition

  • The asset allocation of the fund comprises around 99.35% in equities and 0.65% in cash & cash equivalent.
  • ETF is mandated to invest at least 80 percent of its assets in the shares of bank and financial services companies. The banking sector presently has 99.35% of the funds allocation.
  • The top 10 Holdings in stocks of Miraeṣ Asset Nifty Bank ETF make up over 96% of the asset allocation.

Here’s a list of 10 company holdings in the ETF:

  • HDFC Bank Limited: 29.01%
  • ICICI Bank Limited: 23.14%
  • Axis Bank Limited: 9.98%%
  • State Bank of India: 9.83%
  • Kotak Mahindra Bank Limited: 9.61%
  • IndusInd Bank Limited: 6.25%
  • Bank of Baroda: 2.67%
  • The Federal Bank: 2.32%
  • AU Small Fin Bank: 2.30%
  • IDFC First Bank Limited: 2.02%

Reconstitution of Mirae Asset Nifty Bank ETF happens, Semi-annually in June and December.

Since its inception, the fund has given a 14.84% annualised return to its Investors against the benchmark index's 15.16% return.

Key indicators

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Tracking index
Nifty Bank

Expense Ratio

0.09%
Tracking error
0.04%

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Investment checklist: (3/6)
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Liquidity

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Fund size

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Expense Ratio

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Tracking error

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Returns vs FD Rates

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Entry Point

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Returns

Returns vs Benchmark
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  • ETF returns
  • Rolling returns
Compare the returns of this fund with
NIFTY 50
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This ETF

Nifty 50

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Mirae AMC - BANKETF Shareholder returns

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1 day
-0.75%
1 week
-0.26%
1 month
+1.00%
3 months
+3.08%
1 year
+19.35%
3 years
+4.29%
5 years
+4.29%

Mirae AMC - BANKETF Price history

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DayOpenCloseChange %
Fri, Nov 8 2024
₹521.41
₹520.22
-0.75%
Thu, Nov 7 2024
₹527.17
₹524.15
-0.75%
Wed, Nov 6 2024
₹527.63
₹528.10
+0.40%
Tue, Nov 5 2024
₹515.53
₹525.97
+1.74%
Mon, Nov 4 2024
₹521.60
₹517.00
-0.88%
Fri, Nov 1 2024
₹520.50
₹521.60
+0.42%
Thu, Oct 31 2024
₹523.55
₹519.44
-0.73%
Wed, Oct 30 2024
₹525.39
₹523.28
-0.81%

Frequently asked questions

What is the Mirae AMC - BANKETF share price today?

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Mirae AMC - BANKETF share price is ₹ 523.16 today.

What is today’s high & low share price of Mirae AMC - BANKETF?

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Mirae AMC - BANKETF share price high: ₹ 526.57 and low: ₹ 518.59

What is Assets Under Management (AUM) of Mirae AMC - BANKETF shares today on the NSE?

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Mirae AMC - BANKETF Assets Under Management (AUM) of ₹ 171.38 Crores.

What is the Mirae AMC - BANKETF share price high and low in the last 52 weeks on the NSE?

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52 Week share High Price is ₹ 551.94 and Low Price is ₹ 433.00

What is the Mirae AMC - BANKETF Stock Symbol?

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The Mirae AMC - BANKETF Stock symbol is BANKETF.

Can I buy Mirae AMC - BANKETF shares on Holidays?

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No, shares of Mirae AMC - BANKETF or any other publicly traded company cannot be bought or sold on holidays when the stock exchanges are closed. You can only buy or sell Mirae AMC - BANKETF shares on days when the stock exchanges are open for trading. It's important to check the NSE & BSE holidays calendar, before placing any trades to avoid any inconvenience.