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Mirae AMC - MAFSETF

BFSI

₹24.28-₹0.05 (-0.21%) TodayLast updated on 24 Dec, 2024 | 15:29 IST

Mirae AMC - MAFSETF Chart

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ETF is trading at a discountMarket price ₹24.28 is less than iNAV ₹24.34
👍 Good time to buy as price is low
  • Fund overview
  • Returns
  • Composition
  • More

Fund overview

About
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Open
₹24.50
Close
₹24.33
Volume
62,796
Avg. traded
₹24.40
Circuit range
₹19.33 - ₹29.00
Day range
₹24.27 - ₹24.90
Year range
₹20.16 - ₹25.90
AUM
₹270.82 Cr

Managers

Ekta Gala, +1 more
Launch Date
30 Jul 2021
Mirae AMC - MAFSETF

About Mirae Asset Nifty Financial Services ETF - MAFSETF

  • Mirae Asset Nifty Financial Services ETF is an exchange-traded fund offered by the Mirae Asset Mutual Fund House.
  • The ETF features stocks of leading financial services companies operating in India.
  • The scheme was launched on July 30, 2021.
  • Ekta Gala and Vishal Singh are the fund mangers for the ETF.
  • Investment in Mirae Asset Nifty Financial Services ETF can be made via a demat account with a registered broker.
  • The ETF units can be fought and sold just like an equity stock listed on the exchange.

Investment Objective & Benchmark

  • Mirae Asset Nifty Financial Services ETF aims to offer returns that replicate the performance of equity stocks in the underlying index.
  • The ETF is benchmarked against Nifty Financial Services Index, designed to track the performance of the stock market that includes banks, insurance firms and other financial services companies.
  • India has seen a surge in income levels across demographics, which has triggered a spike in demand for financial services.
  • The scheme largely covers companies with giant market capitalisation, limiting investors' risks.
  • Fintech companies, in particular, have seen rapid growth in the last few years.

Asset Allocation & Portfolio Composition

  • Mirae Asset Nifty Financial Services ETF has allocated over 99.5% of the funds for investment in equities. The remaining 0.42% is invested in other instruments such as debts and cash.
  • The ETF has invested 94.47% of the funds in stocks of companies operating in the financial services sectors. The remaining 5.11% is invested in insurance stocks and 0.42 % is invested in companies from other sectors.
  • Following a growth-oriented approach, the scheme invests in companies across market capitalisations. Giant cap companies make up 67.22% of the asset allocation. This is followed by 13.93% investing in large-cap, 14.87% in mid-cap and 3.98% in small-cap companies.
  • The top 10 company holdings form 89.82% of the asset allocation.

The top 10 company holdings in holding Mirae Asset Nifty Financial Services ETF:

  • HDFC Bank Limited - 17.96%
  • ICICI Bank Limited - 16.51%
  • State Bank of India - 8.24%
  • Axis Bank Limited - 7.55%
  • The Federal Bank Limited - 5.47%
  • India Shelter Finance Corporation Limited - 4.14%
  • LIC Housing Finance Limited - 3.09%
  • Bajaj Finance Limited - 2.69%
  • Fusion Micro Finance Limited - 2.63%
  • Shriram Finance Limited - 2.60%

The ETF has delivered a return of 17.8% in the last year as of June 30, 2024.

Since its inception, Mirae Asset Nifty Financial Services ETF has delivered a CAGR of 13.66%.

Key indicators

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Tracking index
Nifty Fin Service

Expense Ratio

0.12%
Tracking error
0.04%

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Investment checklist: (3/6)
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Liquidity

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Fund size

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Expense Ratio

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Tracking error

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Returns vs FD Rates

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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
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  • ETF returns
  • Rolling returns
Compare the returns of this fund with
NIFTY 50
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This ETF

Nifty 50

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Mirae AMC - MAFSETF Shareholder returns

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1 day
+0.50%
1 week
-4.40%
1 month
+0.54%
3 months
-4.85%
1 year
+12.85%
3 years
+42.20%
5 years
+41.21%

Mirae AMC - MAFSETF Price history

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DayOpenCloseChange %
Mon, Dec 23 2024
₹24.50
₹24.33
+0.50%
Fri, Dec 20 2024
₹24.95
₹24.21
-1.22%
Thu, Dec 19 2024
₹24.71
₹24.51
-1.33%
Wed, Dec 18 2024
₹25.40
₹24.84
-1.15%
Tue, Dec 17 2024
₹25.67
₹25.13
-1.26%
Mon, Dec 16 2024
₹25.61
₹25.45
-0.04%
Fri, Dec 13 2024
₹25.57
₹25.46
+0.63%
Thu, Dec 12 2024
₹25.61
₹25.30
-0.32%

Frequently asked questions

What is the Mirae AMC - MAFSETF share price today?

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Mirae AMC - MAFSETF share price is ₹ 24.28 today.

What is today’s high & low share price of Mirae AMC - MAFSETF?

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Mirae AMC - MAFSETF share price high: ₹ 24.90 and low: ₹ 24.27

What is Assets Under Management (AUM) of Mirae AMC - MAFSETF shares today on the NSE?

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Mirae AMC - MAFSETF Assets Under Management (AUM) of ₹ 270.82 Crores.

What is the Mirae AMC - MAFSETF share price high and low in the last 52 weeks on the NSE?

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52 Week share High Price is ₹ 25.90 and Low Price is ₹ 20.16

What is the Mirae AMC - MAFSETF Stock Symbol?

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The Mirae AMC - MAFSETF Stock symbol is BFSI.

Can I buy Mirae AMC - MAFSETF shares on Holidays?

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No, shares of Mirae AMC - MAFSETF 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 - MAFSETF 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.