stock logo

Mirae AMC - MAGS813ETF

GSEC10YEAR

₹27.42+₹0.35 (1.29%) TodayLast updated on 01 Nov, 2024 | 18:55 IST

Mirae AMC - MAGS813ETF Chart

Please wait...
etf-price-point
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
  • Returns
  • Composition
  • More

Fund overview

About
arrow
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

Managers

Amit 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

arrow
Tracking index
Nifty GS 8 13Yr

Expense Ratio

0.10%
Tracking error
NA

Learn more

Investment checklist: (2/6)
arrow
check status

Liquidity

check status

Fund size

check status

Expense Ratio

check status

Tracking error

check status

Returns vs FD Rates

check status

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
arrow
  • ETF returns
  • Rolling returns
Compare the returns of this fund with
NIFTY 50
arrow

This ETF

Nifty 50

Please wait...

Learn more

Mirae AMC - MAGS813ETF Shareholder returns

arrow
1 day
+1.29%
1 week
+0.51%
1 month
+0.37%
3 months
+3.28%
1 year
+5.87%
3 years
+5.87%
5 years
+5.87%

Mirae AMC - MAGS813ETF Price history

arrow
DayOpenCloseChange %
Fri, Nov 1 2024
₹27.45
₹27.42
+1.29%
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
+0.66%
Thu, Oct 24 2024
₹27.18
₹27.10
-0.26%
Wed, Oct 23 2024
₹27.18
₹27.17
0.00%

Composition

Frequently asked questions