Mirae Asset Nifty 50 Index Fund NFO: Date, Review & NAV

Mirae Asset Nifty 50 Index Fund: Complete Overview

Mirae Asset Mutual Fund launches Nifty 50 Index Fund under Mirae Asset AMC, Mirae Asset Nifty 50 Index Fund. The NFO dates are 10 October 2024 to 18 October 2024 and the mutual fund scheme shall reopen for continuous Sales and repurchases from October 25, 2024, and carries a very high risk.

It will track the performance of the top 50 large-cap companies listed on the NSE that form part of the Nifty 50 TRI. 

The Scheme’s assets allocation shall be 95 to 100% in Securities covered by the Nifty 50 TRI and 0 to 5% in debt and money market instruments, instruments, and debt or liquid schemes of domestic mutual funds.

Fund Objective

To produce returns that, before costs, roughly match the Nifty 50 Total Return Index's performance, with tracking error taken into account.

For more information about this new NFO Mutual Fund keep reading.

Scheme Plan: 

Mirae Asset Nifty 50 Index Fund-Direct Plan

Mirae Asset Nifty 50 Index Fund-Regular Plan

Mirae Asset Mutual Fund Details

• AUM of over Rs.161740.88 crore.

• 38 Schemes in India currently.

Nifty 50 Index Selection Criteria

• To be considered for a potential Nifty 50 inclusion, a company must have traded at an average effect cost of 0.50% or less for 90% of the observations over the previous 6 months, with a basket size of Rs.100 million.

• The only companies that can be index constituents are those that are permitted to trade in the F&O segment.

• As of the deadline, the company must have a minimum of one month's listing history.

Index Methodology

Free Float Market Capitalization.

 

Nifty 50 Index Returns 

The index returns have been for 1 year and 5 years are 32.50% and 18.52%.

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Fund Overview

How to Invest in the Scheme After the Closure of the NFO?

If you have missed participating in the NFO and now want to invest in the same Scheme on a continuous basis, then on or before 25 October 2024, when the Scheme will reopen; you will have the option to participate and invest directly in the Mutual Fund by spending at NAV based price by logging on to your Demat account and search for “Mirae Asset Nifty 50 Index Fund” or directly with the AMC or simply click the ‘Banner’ below.

 

Asset Allocation (% of Total Assets) of the Scheme's portfolio will be as follows:

 

Peers of Mirae Asset Nifty 50 Index Fund

 

Risk Factors In Such Funds

• Equities and securities linked to them are prone to daily price changes and are therefore considered volatile. Trading volumes and settlement periods may limit the liquidity of investments made in the Scheme. Unexpected events might cause settlement times to be greatly prolonged.

• In times when interest rates are dropping, the issuer of some fixed-income instruments may choose to call back the securities before they mature.

• This is a reference to how simple it is to sell a security at or close to its valuation yield-to-maturity (YTM). The difference between a dealer's quoted bid price and offer price is the main indicator of liquidity risk.

Past Performance of Nifty 50 Index Funds

 

Mirae Asset Nifty 50 Index Fund-Fund Managers

• Ms. Ekta Gala.

• Mr. Vishal Singh.

Conclusion

The Mirae Asset Nifty 50 Index Fund offers an opportunity to invest in large-cap 50 top companies listed on the NSE, and the returns mirror the Nifty 50 TRI. It is one of those investment options that require no minimum investment and has no exit load, ideal for investors who are willing to take up a lot of risks when this investment is done to realize its long-term gains. The fund is working pretty well for cost-effective and passive investment that attracts diversification.

Disclaimer: This NFO analysis is provided solely for informative purposes and should not be considered investment advice. Always conduct research and talk with a financial advisor before investing.