NFO alert: Mirae Asset Mutual Fund launches Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF; details inside!

Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF is an open-ended thematic Exchange Traded Fund (ETF) launched by Mirae Asset Mutual Fund on May 6, 2024. It tracks the Nifty MidSmallcap400 Momentum Quality 100 Total Return Index, aiming to deliver returns similar to the index performance (before expenses). The minimum investment is Rs 5000 and there is no entry load, but an exit load of 0.5% applies within the first 3 months of investment.

Investment Objective

The Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF’s investment objective is to generate returns, before expenses, that are commensurate with the performance of the Nifty MidSmallcap400 Momentum Quality 100 Total Return Index, subject to tracking error. There is no assurance or guarantee that the investment objective of the scheme will be achieved.

his NFO of Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF is suitable for investors who are seeking returns that are commensurate with the performance of the Nifty MidSmallcap400 Momentum Quality 100 Total Return Index, subject to tracking error over the long term and Investments in equity securities covered by Nifty MidSmallcap400 Momentum Quality 100 Total Return Index.

Risk-o-meter

Funds Allocation

Benchmark

The performance of the Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF is benchmarked against the Nifty MidSmallcap400 Momentum Quality 100 Total Return Index.

Fund Managers

The Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF fund managers are Ms. Ekta Gala and Mr. Vishal Singh.

Ms. Ekta Gala has over 6 years of experience as a dealer. Prior to this assignment, Ms. Ekta Gala was associated with ICICI Prudential Asset Management Company Ltd. Her qualifications include B.Com & Inter CA (IPCC).

Mr. Vishal Singh has over 5 years of experience in the field of financial services. Prior to this assignment, Mr. Singh was associated with NSE Indices Limited. His qualifications include C.A.; C.F.A; F.R.M; B.Com.

Peer Mutual Fund Schemes (Trailing Returns)

Data as of May 03, 2024

Characteristics of Momentum Quality ETFs

• Tracks mid-sized and small companies in India (Nifty MidSmallcap400).
• Focuses on stocks with recent strong price momentum (Momentum).
• Select companies with factors like profitability and strong financials (Quality).
• Aims to mirror the performance of a specific index (Nifty MidSmallcap400 Momentum Quality 100 Total Return Index).

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.