Mirae AMC - MAMFGETF
MAKEINDIA
₹146.04+₹0.14 (0.10%) TodayLast updated on 09 Dec, 2024 | 09:36 IST
Mirae AMC - MAMFGETF Chart
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ETF is trading at a premiumMarket price ₹146.04 is higher than iNAV ₹145.88
👎 Be cautious, the ETF is expensive right now
Fund overview
About
Open ₹148.54 | Close ₹145.90 | Volume 6,374 | Avg. traded ₹146.04 |
Circuit range ₹116.28 - ₹174.42 | Day range ₹145.69 - ₹150.37 | Year range ₹105.01 - ₹161.10 | |
AUM ₹211.33 Cr | ManagersEkta Gala, +1 more | Launch Date 27 Jan 2022 |
Mirae AMC - MAMFGETF
About Mirae Asset Nifty India Manufacturing ETF
- Mirae Asset Nifty India Manufacturing ETF is an open-ended fund-of-funds scheme offered Mirae Asset Mutual Fund House.
- The scheme invests predominantly in various manufacturing industries, including automobiles, cement, chemicals and consumer goods.
- The scheme rebalancing is done semi annually to represent current largest companies and sectors. Reconstitution of the ETF happens, semi-annually in June and December.
- Ekta Gala and Vishal Singh are the fund managers.
- Mirae Asset Nifty India Manufacturing ETF was launched on Jan 31, 2022.
- Mirae Asset Nifty India Manufacturing ETF has assets under management (AUM) that stood at ₹190.47 crore as of June 30, 2024.
- The fund is traded on both stock exchanges, which enables investors to trade at market price during each session.
- One can invest in the scheme by buying the ETF units through a demat account with a registered broker.
Investment Objective & Benchmark
- The investment objective is to provide returns that correspond to the total return of the underlying index, subject to tracking errors.
- It is benchmarked against the Nifty Manufacturing Total Return Index which tracks the performance of India’s manufacturing sector. It is a subset of the Nifty 500 Index.
- The objective of ETF is to represent the top 75 companies from the Nifty 500, selected based on float-adjusted market capitalisation and liquidity across key sectors of thE economy.
- The Mirae Asset Nifty India Manufacturing ETF aims to provide long-term capital appreciation by investing in a portfolio composed of units from the Mirae Asset Nifty India Manufacturing ETF.
- The risk factor level of Mirae Asset Nifty India Manufacturing ETF is very high. The fund is suitable for investors with a time horizon of 3 years and above.
Asset Allocation & Portfolio Composition
- The fund's asset allocation comprises around 99.86% in equities and 0.14% in cash & cash equivalents.
- The ETF invests in companies across market capitalisations – 46.61% in giant, 20.73% in large-cap, 23.60% in mid-cap, 8.86% in small-cap and 0.19% in tiny-cap.
- The top 10 company holdings in the ETF make up 39.34% of the asset allocation.
Top 10 holdings in stocks of Nifty India Manufacturing ETF include:
- Reliance Industries Limited: 5.36%
- Mahindra & Mahindra Limited: 4.91%
- Tata Motors Limited: 4.87%
- aSun Pharmaceutical Industries Limited: 4.59%
- Maruti Suzuki India Limited: 4.44%
- Tata Steel Limited: 4.01%
- Bajaj Auto Limited: 2.96%
- Hindalco Industries Limited: 2.83%
- Bharat Electronics Limited: 2.83%
- Hindustan Aeronautics Limited: 2.54%
Sector-wise allocation in this fund;
- Pharma & Biotech: 22.54%
- Petroleum Products: 14.09%
- Auto Components: 8.99%
- Ferrous Metals: 8.56%
- Industrial Products: 6.93%
- Electrical Equipment: 5.55%
- Aerospace & Defense: 5.37%
- Chemicals & Petrochemicals: 4.82%
- Consumer Durables: 4.80%
- Others: 10.72%
Mirae Asset Nifty India Manufacturing ETF has given a return of 59.11% in the last year as of June 30, 2024, compared to the benchmark index’s 59.96 yield.
Since its inception, the fund has generated a return of 30.35% for its investors.
Key indicators
Tracking index NIFTY INDIA MFG |
Expense Ratio0.46% |
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
Compare the returns of this fund with
NIFTY 50
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Nifty 50
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Mirae AMC - MAMFGETF Price history
Day | Open | Close | Change % |
---|---|---|---|
Fri, Dec 6 2024 | ₹146.96 | ₹145.90 | |
Thu, Dec 5 2024 | ₹145.11 | ₹145.06 | |
Wed, Dec 4 2024 | ₹145.59 | ₹144.71 | -0.30% |
Tue, Dec 3 2024 | ₹144.70 | ₹145.15 | |
Mon, Dec 2 2024 | ₹143.99 | ₹144.24 | |
Fri, Nov 29 2024 | ₹142.96 | ₹142.74 | |
Thu, Nov 28 2024 | ₹145.14 | ₹141.14 | -0.81% |
Wed, Nov 27 2024 | ₹143.47 | ₹142.29 |
Composition
What's in fund
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Frequently asked questions
What is the Mirae AMC - MAMFGETF share price today?
Mirae AMC - MAMFGETF share price is ₹ 146.04 today.
What is today’s high & low share price of Mirae AMC - MAMFGETF?
Mirae AMC - MAMFGETF share price high: ₹ 150.37 and low: ₹ 145.69
What is Assets Under Management (AUM) of Mirae AMC - MAMFGETF shares today on the NSE?
Mirae AMC - MAMFGETF Assets Under Management (AUM) of ₹ 211.33 Crores.
What is the Mirae AMC - MAMFGETF share price high and low in the last 52 weeks on the NSE?
52 Week share High Price is ₹ 161.10 and Low Price is ₹ 105.01
What is the Mirae AMC - MAMFGETF Stock Symbol?
The Mirae AMC - MAMFGETF Stock symbol is MAKEINDIA.
Can I buy Mirae AMC - MAMFGETF shares on Holidays?
No, shares of Mirae AMC - MAMFGETF or any other publicly traded company cannot be bought or sold on holidays when the stock exchanges are closed. You can only buy or sell Mirae AMC - MAMFGETF shares on days when the stock exchanges are open for trading. It's important to check the NSE & BSE holidays calendar, before placing any trades to avoid any inconvenience.