Mirae Nifty 8-13 yr G-Sec ETF

About Mirae Asset Nifty 8-13 yr G-Sec ETF

• The Mirae Asset Nifty 8-13 yr G-Sec ETF is an open-ended index exchange-traded fund that tracks the Nifty 8-13 yr G-Sec Index.
• It is a passively managed index fund that belongs to the Mirae Asset mutual fund house.
• The inception date of the fund is March 31, 2023.
• The assets under management (AUM) stood at ₹83.2 crore as of June 30, 2024.
• The fund is managed by Amit Modani.
• The ETF units can be traded at the prevailing market price just like equity stocks.
• One can invest in the scheme directly by buying the ETF units through a demat account.

Investment Objective and Benchmark

• The investment objective of the Mirae Asset Nifty 8-13 yr G-Sec ETF is to provide returns corresponding to the returns of the Nifty 8-13 yr G-Sec Index.
• The NIFTY 8–13 yr G-Sec Index, which comprises Government of India bonds with maturities of about 10 years, serves as the fund’s benchmark.
• The index attempts to mirror the performance of the most liquid bonds, which have maturities ranging from eight to 13 years.
• Historically, the Nifty 8-13 Year G-Sec Index has delivered higher returns compared to the Nifty 10 Year G-Sec Index.
• The fund provides investors with low-cost exposure to one of the most tracked segments of the Indian debt market.
• The ideal investment horizon for the Mirae Asset Nifty 8-13 yr G-Sec ETF is at least three years or more.
• The fund does not attract any exit load.
• The Mirae Asset Nifty 8-13 yr G-Sec ETF falls into the moderate risk category.

Asset Allocation and Portfolio Composition

• The Mirae Asset Nifty 8-13 yr G-Sec ETF will invest in government securities comprising the Nifty 8-13 yr G-Sec Index.
• Additionally, it may invest in money market instruments such as Tri-party Repo on government securities or T-bills, treasury bills, and government securities with a residual maturity of up to one year, as well as other comparable products as designated by the Reserve Bank of India.
• Government bonds constitute 96.37% of the total portfolio as of June 30, 2024.

On that date, the Mirae Asset Nifty 8-13 yr G-Sec ETF’s portfolio holdings are as follows:

• 7.18% GoI (maturity date 14/08/2033): 41.21%
• 7.1% GoI (maturity date 08/04/2034): 30.84%
• 7.18% GoI (maturity date 24/07/2037): 24.32%
• 3.63%: Cash and other receivables

Commercial Paper, Certificates of Deposit, and Bill Rediscounting (BRDS) will not be invested in by the scheme.

As of June 30, 2024, the Mirae Asset Nifty 8-13 yr G-Sec ETF has delivered returns of 7.43% over the last year compared to the fund’s benchmark returns of 7.60%

The scheme has delivered an annualised return of 8.27% since its inception.