Mirae BSE Sensex ETF

About SENSEXETF Mirae Asset S&P BSE Sensex ETF.

• Mirae Asset S&P BSE Sensex ETF is an open-ended value-oriented equity scheme that belongs to Mirae Mutual Fund House.
• It includes stocks of the largest and most liquid companies across key economic sectors in India
• Ekta Gala and Vishal Singh are the fund managers of Mirae Asset S&P BSE Sensex ETF
• The ETF was launched on September 19, 2023.
• Mirae Asset S&P BSE Sensex ETF has assets under management (AUM) that stood at ₹14.71 crore, as of June 30, 2024.
• Mirae Asset S&P BSE Sensex ETF is traded on both stock exchanges, which enables investors to trade at market price during each session.
• As the ETF is listed on Both Exchange NSE and BSE, one can invest by buying units through a demat account with a registered broker.

Investment Objective & Benchmark

• The fund's investment objective is to provide returns that closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.
• It is benchmarked against BSE Sensex TRI designed to measure the performance of the 30
• largest and most liquid companies across key economic sectors of the Indian economy. Momentum score is calculated basis of 6-month and 12-month price returns, adjusted for volatility.
• The ETF shortlists the top 75 companies based on an average 6-month float or total market cap. Companies with a weight of less than 0.50% based on float-adjusted market cap are excluded.
• Categorised as a very high-risk instrument, this ETF is best suited for those who like to invest with a long-term wealth creation view.

Asset Allocation & Portfolio Composition

• The fund's asset allocation comprises around 99.48% in equities and 0.52% in cash & cash equivalents.
• The ETF majorly invests in companies with giant and large market capitalisations.
• The top 10 company holdings make up xx% of its asset allocation

The top 10 holdings in stocks of Mirae Asset S&P BSE Sensex ETF include:

• HDFC Bank Ltd: 13.61%
• Reliance Industries Ltd: 11.63%
• ICICI Bank Ltd: 9.25%
• Infosys Ltd: 5.99%
• Larsen & Toubro Ltd: 5.08%
• ITC Ltd: 4.69%
• Tata Consultancy Services Ltd: 4.53%
• Bharti Airtel Ltd: 4.13%
• Axis Bank Ltd: 3.93% 9
• State Bank of India: 3.75%

Sector-wise allocation in this fund;

• Financials: 37.83%
• Information Technology: 13.66%
• Energy: 11.66%
• Consumer Discretionary: 8.42%
• Consumer Staples: 8.16%
• Materials: 5.49%
• Industrials: 5.12%
• Communication Services: 4.11%
• Utilities: 3.68%
• Health Care: 1.86%

Since its inception, Mirae Asset S&P BSE Sensex ETF has posted a 28.9 % return as of June 30, 2024.