Mirae Nifty Midcap 150 ETF

About Mirae Asset NIFTY Midcap 150 ETF

• The MIDCAPETF or Mirae Asset Nifty midcap 150 ETF, is an exchange-traded fund (ETF) offered by Mirae Mutual Fund House.
• The scheme invests in 150 midcap stocks listed on the NSE, representing a range of sectors and industries.
• Mirae Asset nifty midcap 150 ETF was launched on March 9, 2022.
• Assets under management of this ETF stood at ₹737.10 crore as of June 30, 2024.
• Ekta Gala and Vishal Singh are the fund managers.
• The fund is traded on both stock exchanges, which enables investors to trade at market price during each session.
• Retail investors can invest by buying units using a demat account with a registered broker.

Investment Objective & Benchmark

• The ETF is benchmarked against the Nifty Midcap 150 Index.
• The fund's objective is to mirror the performance of the Nifty Midcap 150 Index, providing investors with exposure to a diversified portfolio of midcap stocks in India.
• This index comprises 150 midcap companies, defined as companies with a market capitalisation between the lower 50th percentile and 75th percentile of the market capitalisation of all listed stocks.
• The ETF tracks a broad index, its holdings span various sectors such as technology, pharmaceuticals, financial services, and consumer goods, providing sectoral diversification.
• The ETF offers exposure to midcap stocks, which can offer significant growth potential due to their typically higher growth rates compared to large-cap companies. However, midcap stocks also tend to have higher volatility and risk.
• Mirae Asset nifty midcap 150 ETF might be suitable for investors looking for a long term goal of wealth creation.

Asset allocation and Portfolio Composition

• The ETF invests in companies across market capitalisations –around 3.91% in giant cap, 15.46% in large cap, 73.76% in mid-cap and 6.87% in small cap.
• The asset allocation of the fund comprises 99.92% in equity and 0.08% in cash and cash equivalent.

Sector-wise allocation of funds in the ETF comprises:

• Industrial Products: 8.75%
• Auto Components: 8.29%
• Banks:7.55%
• Pharmaceuticals & Biotechnology: 6.63%
• IT-Software: 5.44%
• Electrical Equipment: 4.99%
• Realty: 4.94%
• Finance: 4.88%
• Consumer Durables: 3.88%
• Healthcare Services: 3.65%

The top 10 holding stocks comprise around 15.53% of ETF’s asset allocation. Top company holdings of the ETF:

• Max Healthcare Institute Limited 2.16%
• Suzlon Energy Limited 1.74%
• The Indian Hotels Company Limited 1.69%
• Cummins India Limited 1.67%
• CG Power and Industrial Solutions Limited 1.41%
• Tube Investments Of India Limited 1.41%
• Dixon Technologies (India) Limited 1.40%
• Persistent Systems Ltd 1.38%
• Yes Bank Limited 1.34%
• Bharat Forge Limited 1.33%

Since its inception, the ETF has given an annualised return of 35.44% to its investors.

In a single year, the ETF has given a return of 56.23% compared to its benchmarked index’s 56.44%, as of June 30, 2024.