Mirae Nifty 100 Low Volatility 30 ETF

About MIRAE ASSET NIFTY 100 Low Volatility 30 ETF

• Mirae Asset Nifty 100 Low Volatility 30 ETF is an open-ended fund-of-funds scheme offered by the Mirae Asset Mutual Fund House.
• Mirae Asset Nifty 100 Low Volatility Index focuses on low volatility factors. The ETF comprises a selection of stocks which have lower volatility characteristics.
• Ekta Gala and Vishal Singh are the fund managers.
• The fund rebalances every 6 months to represent the current largest companies and sectors. Reconstitution of the ETF happens semi-annually in June and December.
• The ETF was launched on March 24, 2023.
• Mirae Asset Nifty 100 Low Volatility 30 ETF has assets under management (AUM) that stood at ₹9.89 crore as of June 30, 2024.
• Mirae Asset Nifty 100 Low Volatility 30 ETF has an expense ratio of 0.09%.
• The fund is traded on both stock exchanges, which enables investors to trade at market price during each session.
• The ETF units can be bought by retail investors directly through a demat account of their choice.

Investment Objective & Benchmark

• The investment objective is to provide returns replicating the total return of the equity stocks in the underlying index, subject to tracking errors.
• It is benchmarked against the Nifty 100 Low Volatility 30 Total Return Index.
• The objective of ETF is to represent the top 30 companies from the Nifty 100, selected based on float-adjusted market capitalisation and liquidity across key sectors of the Indian economy.
• The ETF offers greater diversification of funds in companies across key sectors.
• Since the funds are invested in companies from multiple sectors, the ETF has lower exposure to sectoral risks.
• The risk factor level of Mirae Asset Nifty 100 Low Volatility 30 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 99.80% in equities and 0.20% in cash & cash equivalents.
• The ETF’s assets are predominately invested in large and giant-cap companies.
• The top 10 company holdings in this ETF make up 39.37% of the asset allocation.

Top 10 holdings in stocks of Mirae Asset Nifty 100 Low Volatility 30 ETF include:

• Hindustan Unilever: 4.33%
• ICICI Bank: 4.1%
• Reliance Industries: 3.98%
• Asian Paints: 3.88%
• Ultratech Cement: 3.79%
• Sun Pharmaceutics Industries: 3.78%
• ITC:3.78%
• Bharti Airtel: 3.75%
• Britannia Industries: 3.75%
• Nestle India: 3.63%

Sector-wise allocation in this fund;

• Consumer Stables: 24.32%
• Healthcare: 12.84%
• Financial: 10.75%
• Materials: 10.35%
• Technology: 9.72%
• Automobiles: 8.47%
• Energy: 6.79%
• Communication: 3.75%
• Consumer Discretionary: 3.43%
• Insurance: 3.33%

Since its inception, the fund has delivered a return of 40.47% for its investors.