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Mirae AMC - MAGS813ETF
GSEC10YEAR
₹27.42+₹0.35 (1.29%) TodayLast updated on 01 Nov, 2024 | 18:55 IST
Mirae AMC - MAGS813ETF Chart
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ETF is trading at a premiumMarket price ₹27.42 is higher than iNAV ₹27.20
👎 Be cautious, the ETF is expensive right now
Fund overview
About
Open ₹27.45 | Close ₹27.07 | Volume 128 | Avg. traded ₹27.42 |
Circuit range ₹21.75 - ₹32.62 | Day range ₹27.42 - ₹27.45 | Year range ₹23.69 - ₹29.80 | |
AUM ₹86.16 Cr | ManagersAmit Modani | Launch Date 31 Mar 2023 |
Mirae AMC - MAGS813ETF
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.
Key indicators
Tracking index Nifty GS 8 13Yr |
Expense Ratio0.10% |
Tracking error NA |
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Investment checklist: (2/6)
Liquidity
Fund size
Expense Ratio
Tracking error
Returns vs FD Rates
Entry Point
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Returns
Returns vs Benchmark
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Nifty 50
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Mirae AMC - MAGS813ETF Price history
Day | Open | Close | Change % |
---|---|---|---|
Fri, Nov 1 2024 | ₹27.45 | ₹27.42 | |
Thu, Oct 31 2024 | ₹27.31 | ₹27.07 | -0.18% |
Wed, Oct 30 2024 | ₹27.21 | ₹27.12 | -0.29% |
Tue, Oct 29 2024 | ₹27.25 | ₹27.20 | -0.18% |
Mon, Oct 28 2024 | ₹27.05 | ₹27.25 | -0.11% |
Fri, Oct 25 2024 | ₹27.06 | ₹27.28 | |
Thu, Oct 24 2024 | ₹27.18 | ₹27.10 | -0.26% |
Wed, Oct 23 2024 | ₹27.18 | ₹27.17 |
Composition
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