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MIRAEAMC - SMALLCAP ETF
SMALLCAP
₹51.30+₹0.22 (0.43%) TodayLast updated on 01 Nov, 2024 | 18:59 IST
MIRAEAMC - SMALLCAP ETF Chart
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Fund overview
About
Open ₹51.24 | Close ₹51.08 | Volume 2,84,737 | Avg. traded ₹51.44 |
Circuit range ₹40.32 - ₹60.49 | Day range ₹50.23 - ₹51.75 | Year range ₹39.24 - ₹55.25 | |
AUM ₹356.93 Cr | ManagersEkta Gala, +1 more | Launch Date 23 Feb 2024 |
MIRAEAMC - SMALLCAP
About Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF
- The Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF is an open-ended scheme belonging to the Mirae Asset Mutual Fund house.
- It was launched on February 23, 2024.
- On the National Stock Exchange (NSE), the ETF is traded under the symbol SMALLCAP.
- As of June 30, 2024, the Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF manages assets worth ₹259.11 crore.
- Vishal Singh and Ekta Gala are the fund managers.
- One can invest in the scheme by placing a buy order for the ETF units through their demat account with a registered broker.
- The ETF can be bought and sold directly during the usual market hours
Investment Objective and Benchmark
- The Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF is benchmarked against Nifty Smallcap 250 Momentum Quality 100 Total Return Index (TRI).
- Its investment objective is to generate returns that align with the performance of the Nifty Smallcap 250 Momentum Quality 100 TRI.
- Investors need to be careful as the fund falls under the very high risk category of investments.
- The ideal investment horizon for this fund is at least three years or more, allowing sufficient time for investors to realise potential returns and navigate market fluctuations.
- The ETF invests in small-cap companies that tend to have better growth potential when compared to large or giant companies.
- The scheme diversifies funds in companies from different business domains, limiting the investors’ exposure to sectoral or individual stock risk.
Asset Allocation and Portfolio Composition
- The Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF’s asset allocation includes 95% to 100% in securities that are part of the Nifty Smallcap 250 Momentum Quality 100 Index.
- The remaining allocation, between 0% and 5%, is in money market instruments, debt securities and units of debt or liquid schemes of domestic mutual funds.
- When it comes to sector-wise distribution, the allocation includes 16.86% in capital goods, 16.75% in financials, 11.79% in services, 9.11% in construction, 7.67% in metals and mining, and 37.82% in other sectors.
- Regarding market capitalisation, the fund allocates 46.61% to giant-cap stocks, 20.73% to large-cap stocks, 23.60% to mid-cap stocks, 8.86% to small-cap stocks and 0.19% to tiny-cap stocks.
The top 10 company holdings constitute 73% of the ETF’s asset allocation.
- HDFC NIFTY100 Quality 30 ETF top 10 holdings:
- Coal India Ltd. 5.76%
- Nestle India Ltd. 4.98%
- Infosys Limited 4.71%
- Maruti Suzuki India Limited 4.52%
- Hindustan Unilever Ltd. 4.25%
- HCL Technologies Ltd. 5.13%
- Tata Consultancy Services Ltd. 4.96%
- ITC Ltd. 4.56%
- Bajaj Auto Limited 4.51%
- HDFC Bank Ltd. 4.18%
Key indicators
Tracking index Nifty SC 250 Momentum Qlty 100 TR INR |
Expense Ratio0.34% |
Tracking error NA |
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Investment checklist: (1/6)
Liquidity
Fund size
Expense Ratio
Tracking error
Returns vs FD Rates
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
Compare the returns of this fund with
NIFTY 50
This ETF
Nifty 50
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MIRAEAMC - SMALLCAP Price history
Day | Open | Close | Change % |
---|---|---|---|
Thu, Oct 31 2024 | ₹50.97 | ₹51.08 | |
Wed, Oct 30 2024 | ₹50.55 | ₹50.45 | |
Tue, Oct 29 2024 | ₹50.00 | ₹49.95 | |
Mon, Oct 28 2024 | ₹49.35 | ₹49.45 | |
Fri, Oct 25 2024 | ₹50.76 | ₹48.76 | -2.85% |
Thu, Oct 24 2024 | ₹50.98 | ₹50.19 | -0.57% |
Wed, Oct 23 2024 | ₹50.70 | ₹50.48 | |
Tue, Oct 22 2024 | ₹52.57 | ₹50.10 | -3.69% |
Composition
What's in fund
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