Mirae Nifty 100 ESG Sector Leaders ETF

About Mirae Asset Nifty 100 ESG Sector Leaders ETF

• The Mirae Asset Nifty 100 ESG Sector Leaders ETF is an open-ended mutual fund offered by Mirae Asset Fund.

• The index is designed for investors who want to align their investments with ESG (Environmental, Social, and Governance) principles while gaining exposure to a broad range of large-cap Indian companies.

• Mirae Asset Nifty 100 ESG Sector Leaders ETF was launched on November 17, 2020.

• The ETF’s assets under management (AUM) at ₹138.22 crore as of July 31.

• Ekta Gala and Akshay Udeshi are the fund managers.

• The ETF units are listed on both NSE and BSE.

• Retail investors can purchase units through a broker or directly from their demat account.

Investment Objective & Benchmark

• It is benchmarked against the Nifty 100 ESG Sector Leader Index Total Return Index.

• The fund objective is to replicate the performance of the Nifty 100 ESG Sector Leaders Index as closely as possible, though some tracking errors may occur.

• This index tracks the performance of leading companies selected based on their performance in areas such as sustainability, ethical governance and social responsibility.

• The companies are evaluated on their ESG practices, and those with the highest ratings in their sector are included. This can mean a focus on companies with strong environmental policies, social impact initiatives and sound governance practices.

• The ETF offers exposure to a diversified portfolio of large-cap companies, reducing the risk associated with investing in individual stocks.

• Investing in ESG funds promotes positive social and environmental change by supporting companies with strong ESG practices. This approach helps drive sustainable growth and fosters ethical business conduct.

• The risk level of the ICICI Prudential Nifty India Consumption ETF is very high. Investors with a long-term wealth creation goal can invest in this ETF.

Asset Allocation & Portfolio Composition

• The ETF holds 99.76% of its fund in equity and 0.24% in cash.
• The scheme primarily invests in giant and large-cap companies allocating 80% of the funds to them.

Sector-wise fund allocation:

• Banks: 21.13%
• IT-software: 14.41%
• Petroleum Products: 10.31%
• Automobile: 8.14%
• Finance: 4.95%
• Pharma & Biotech: 4.48%
• Construction: 4.23%
• Power: 4.22%
• Telecom-Services: 3.79%
• Retailing: 3.09%
• Others: 21.02%

The top 10 holdings constitute around 53.52% of the ETF’s asset allocation. The top company holdings in this ETF include:

• Reliance Industries Limited: 9.67%
• HDFC Bank Limited: 8.96%
• ICICI Bank Limited: 8.12%
• Infosys Limited: 6.41%
• Larsen & Toubro Limited: 4.23%
• Tata Consultancy Services Limited: 4.22%
• Bharti Airtel Limited: 3.79%
• Axis Bank Limited: 3.15%
• Mahindra & Mahindra Limited: 2.68%
• Hindustan Unilever Limited: 2.29%

Since its Inception, the ETF has given an annualised return of 18.60% to its investors, as of July 31, 2024.

• In the last year, Mirae Asset Nifty 100 ESG Sector Leaders ETF has delivered a return of 32.41% compared to its benchmarked index’s 33.43%, as of July 31, 2024.