Business News›Mutual Funds›Mirae Asset Mutual Fund › Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct - Growth
Mirae Asset Nifty MidSmallcap400 Momentum Quality ...
Unrated
NAV as of Jan 27, 2025
9.29-3.46%
- Growth - Direct
(Earn upto 0.39% Extra Returns with Direct Plan)
Fund Category:
Equity: Mid Cap
Expense Ratio:
0.35%(0.58% Category
average)Fund Size:
Rs. 215.74 Cr(0.05% of Investment in Category)
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Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ET...
Unrated
NAV as of Jan 27, 2025
9.29-3.46%
Expense Ratio:
0.35%
Fund Size:
Rs. 215.74 Cr
Fund Category:
Equity: Mid Cap
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct - Growth Fund Key Highlights
1. Current NAV: The Current Net Asset Value of the Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF - Direct Plan as of Jan 27, 2025 is Rs 9.29 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: -3.75% (since launch). Whereas, Category returns for the same time duration are: 13.386676084527693% (1yr), 17.120140062318587% (3yr) and 19.66887817546949% (5yr).
3. Fund Size: The Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF - Direct Plan currently holds Assets under Management worth of Rs 215.7426 crore as on Sep 30, 2024.
4. Expense ratio: The expense ratio of the fund is 0.35% for Direct plan as on Dec 31, 2024.
5. Exit Load: Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF - Direct Plan shall attract an Exit Load, "Exit load of 0.05%, if redeemed within 15 Days."
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 99.
1. Current NAV: The Current Net Asset Value of the Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF - Direct Plan as of Jan 27, 2025 is Rs 9.29 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: -3.75% (since launch). Whereas, Category returns for the same time duration are: 13.386676084527693% (1yr), 17.120140062318587% (3yr) and 19.66887817546949% (5yr).
3. Fund Size: The Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF - Direct Plan currently holds Assets under Management worth of Rs 215.7426 crore as on Sep 30, 2024.
4. Expense ratio: The expense ratio of the fund is 0.35% for Direct plan as on Dec 31, 2024.
5. Exit Load: Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF - Direct Plan shall attract an Exit Load, "Exit load of 0.05%, if redeemed within 15 Days."
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 99.
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns -11.63 -9.21 -14.55 - - - Category Avg -7.35 -6.57 -6.74 15.22 19.53 22.76 Rank within Category 40 40 41 - - - No. of funds within Category 57 55 52 49 33 26 - Loading...
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Return Comparison
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Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct - Growth Fund Details
Investment Objective - The scheme seeks to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF. There is no assurance that the investment objective of the Scheme will be realized.
| Fund House | Mirae Asset Mutual Fund |
| Launch Date | May 30, 2024 |
| Benchmark | Nifty MidSmallcap400 Momentum Quality 100 Total Return Index |
| Return Since Launch | -7.08% |
| Riskometer | Very High |
| Type | Open-ended |
| Risk Grade | - |
| Return Grade | - |
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct - Growth Investment Details
| Minimum Investment (Rs.) | 5,000.00 |
| Minimum Additional Investment (Rs.) | 1,000.00 |
| Minimum SIP Investment (Rs.) | 99.00 |
| Minimum Withdrawal (Rs.) | - |
| Exit Load Exit load of 0.05%, if redeemed within 15 Days. | |
Portfolio Allocation
Asset Allocation
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Asset Allocation History
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EquityDebtCash
Sector Allocation
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Market Cap Allocation
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Concentration & Valuation Analysis
| DEC 2024 | NOV 2024 | OCT 2024 | SEP 2024 | AUG 2024 | JUL 2024 | |
|---|---|---|---|---|---|---|
| Number of Holdings | 1 | 1 | 1 | 1 | 1 | 1 |
| Top 5 Company Holdings | 100.02% | 99.99% | 100.81% | 100.09% | 100.01% | 100.09% |
| Top 10 Company Holdings | 100.02% | 99.99% | 100.81% | 100.09% | 100.01% | 100.09% |
| Company with Highest Exposure | Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF-G (100.02%) | Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF-G (99.99%) | Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF-G (100.81%) | Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF-G (100.09%) | Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF-G (100.01%) | Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF-G (100.09%) |
| Number of Sectors | 16 | 15 | 15 | 15 | 15 | 15 |
| Top 3 Sector Holdings | 47.79% | 47.04% | 45.94% | 45.22% | 45.73% | 46.45% |
| Top 5 Sector Holdings | 66.59% | 63.91% | 64.12% | 62.72% | 63.31% | 62.93% |
| Sector with Highest Exposure | Capital Goods (17.95%) | Capital Goods (25.05%) | Capital Goods (24.49%) | Capital Goods (24.34%) | Capital Goods (23.86%) | Capital Goods (25.1%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF-G Unclassified 100.09 - - -
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct - Growth 9.29 Unrated 215.74 -11.63 - - - Motilal Oswal Midcap Fund Direct-Growth 107.84 26,421.09 -14.93 30.51 29.52 28.71 HDFC Mid-Cap Opportunities Direct Plan-Growth 190.00 77,967.21 -8.54 15.26 24.96 26.00 Edelweiss Mid Cap Direct Plan-Growth 104.65 8,666.48 -10.03 23.62 24.26 27.49 Invesco India Mid Cap Fund Direct-Growth 181.32 6,149.96 -12.00 24.74 22.37 24.95
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
Mirae Asset Mutual Fund News
Fund Manager
- E.G.Ekta GalaSince May 202411 schemes
- V.S.Vishal SinghSince May 20249 schemes
Ms. Gala is a B.Com & Inter CA (IPCC) Prior to joining Mirae Asset Mutual Fund, she has worked with ICICI Prudential Asset Management Company Ltd.
Mr. Singh has done B.Com, CA, CFA and FRM Prior to joining Mirae Asset Mutual Fund, he was associated with NSE Indices Ltd. and Aranca (India) Private Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Mirae Asset Nifty 50 Index Fund Direct-Growth Large Cap 9.38 Unrated 13.31 - Mirae Asset Nifty LargeMidcap 250 Index Fund Direct-Growth Large & MidCap 9.20 Unrated 13.06 - Mirae Asset Nifty Total Market Index Fund Direct-Growth Flexi Cap 9.25 Unrated 32.32 - Mirae Asset Nifty 200 Alpha 30 ETF FoF Direct-Growth Large & MidCap 7.99 Unrated 191.61 - Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF FoF Direct - Growth Small Cap 9.57 Unrated 194.33 - Mirae Asset S&P 500 Top 50 ETF FoF Direct - Growth International 21.38 Unrated 700.67 63.07 Mirae Asset NYSE FANG+ ETF FoF Direct - Growth International 30.05 Unrated 2,061.28 88.23 Mirae Asset Hang Seng TECH ETF FoF Direct - Growth International 10.42 Unrated 80.99 53.49 Mirae Asset Nifty India Manufacturing ETF FoF Direct - Growth Thematic 16.37 Unrated 109.34 16.62
More Mirae Asset Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| Mirae Asset Large Cap Fund Direct- Growth | 38,751.62 | -3.92 | -5.23 | -4.80 | 10.86 | 11.28 | |
| Mirae Asset Large & Midcap Fund Direct-Growth | 38,335.26 | -6.27 | -6.71 | -7.88 | 9.69 | 13.25 | |
| Mirae Asset ELSS Tax Saver Fund Direct-Growth | 25,021.22 | -5.68 | -5.68 | -5.72 | 12.12 | 14.11 | |
| Mirae Asset Midcap Fund Direct - Growth | 16,693.99 | -7.51 | -7.32 | -8.81 | 10.55 | 17.90 | |
| Mirae Asset Liquid Fund Direct- Growth | 11,206.34 | 0.63 | 1.77 | 3.59 | 7.44 | 6.58 | |
| Mirae Asset Aggressive Hybrid Fund Direct-Growth | 8,893.40 | -3.42 | -4.62 | -3.32 | 11.65 | 12.18 | |
| Mirae Asset Focused Fund Direct - Growth | 8,191.70 | -7.02 | -6.69 | -1.92 | 10.40 | 8.20 | |
| Mirae Asset Great Consumer Fund Direct-Growth | 4,152.25 | -5.09 | -8.80 | -6.93 | 12.72 | 19.33 | |
| Mirae Asset Multicap Fund Direct - Growth | 3,458.82 | -6.53 | -6.49 | -6.53 | 10.66 | - | |
| Mirae Asset Arbitrage Fund Direct - Growth | 2,930.80 | 0.74 | 1.96 | 3.74 | 8.20 | 7.07 |
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About Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct - Growth
1. Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF - Direct Plan is Open-ended Thematic Equity scheme which belongs to Mirae Asset Mutual Fund House.
2. The fund was launched on May 30, 2024.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF. There is no assurance that the investment objective of the Scheme will be realized. "
2. It is benchmarked against Nifty MidSmallcap400 Momentum Quality 100 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 100.301723% in equities, 0.0% in debts and -0.30172402% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 100.09% of the assets, the top 3 sectors constitute around 47.79% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct - Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
1. Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF - Direct Plan is Open-ended Thematic Equity scheme which belongs to Mirae Asset Mutual Fund House.
2. The fund was launched on May 30, 2024.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF. There is no assurance that the investment objective of the Scheme will be realized. "
2. It is benchmarked against Nifty MidSmallcap400 Momentum Quality 100 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 100.301723% in equities, 0.0% in debts and -0.30172402% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 100.09% of the assets, the top 3 sectors constitute around 47.79% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct - Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct - Growth
- Is it safe to invest in Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF - Direct Plan comes under Very High risk category.
- What is the category of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF - Direct Plan?Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF - Direct Plan belongs to the Equity : Thematic category of funds.
- How Long should I Invest in Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF - Direct Plan?The suggested investment horizon of investing into Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF - Direct Plan?The Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF - Direct Plan is managed by Ekta Gala (Since May 10, 2024) and Vishal Singh (Since May 10, 2024).
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