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Mirae Asset Nifty MidSmallcap400 Momentum Quality- NFO
Table of Contents
- Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct Growth- NFO
- Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct Growth - NFO Overview
- Fund Overview
- The Objective of the fund
- Peers of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct Growth - NFO
- Risk Factors in Such Funds
- Past Performance of Aggressive Hybrid Funds Direct-Growth
- Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct Growth - Who can invest
- Conclusion
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct Growth- NFO
If you are looking to invest in a mid and small cap fund, the Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF could be the right choice for you. This fund offers the potential for significant long-term profits by investing in a diversified portfolio of midcap and smallcap stocks that exhibit strong momentum and quality characteristics. Keep reading to learn everything about this fund and make an informed investment decision.
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct Growth - NFO Overview
The Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF is designed for individuals aiming to generate good long-term returns. The fund provides diversification by investing in a mix of midcap and smallcap stocks.
Open for subscription from May 10, 2024, to May 24, 2024, the fund primarily invests in units of the Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF.
Instead of distributing dividends, the fund reinvests the dividends back into the scheme, allowing for potential compounding returns over time. Investors should note that this scheme carries a high risk level.
Fund Overview
The Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct Growth-NFO holds an AUM totalling Rs. 1,68,908.96 crores. This fund has a stamp duty of 0.005% (From July 1st 2020). For investors looking to invest, the minimum investment required is an SIP of Rs 500.
|
Start Date |
10 May 2024 |
|
End Date |
24 May 2024 |
|
VRO rating |
- |
|
Expense ratio |
NA |
|
Exit load |
0.50% If redeemed within 3 months from the date of allotment |
|
AUM (Fund size) |
Rs. 1,68,908.96 Cr. |
|
Lock-in |
No Lockin |
|
Stamp Duty |
0.005% (From July 1st 2020) |
|
Benchmark Index |
Nifty MidSmallcap400 Momentum Quality 100 TRI (Total Return Index) |
|
Min. investment |
SIP ₹500 |
|
Risk |
High Risk |
|
Short-term capital gains (STCG) |
Returns taxed at 15% if you redeem before 1 year |
|
Long-term capital gains (STCG) |
After 1 year, pay a LTCG tax of 10% on returns of ₹1 lakh+ in a financial year |
The Objective of the fund
The scheme's investment objective is to achieve long-term capital appreciation by investing in units of the Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF.
Asset allocation (% of Net Assets) of the Scheme's portfolio will be as follows-
|
Types of Instruments |
Minimum Allocation (% of Net Assets) |
Maximum Allocation (% of Net Assets) |
Risk Profile |
|
Units of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF |
95 |
100 |
High |
|
Money market instruments / debt securities, Instruments and/or |
0 |
5 |
Low to Medium |
Peers of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct Growth - NFO
|
Equity, sectoral / Thematic Funds |
1Y Return |
3Y Return |
Fund Size (Cr) |
|
Axis Equity ETFs FoF Direct - Growth |
36.07% |
- |
18.79 |
|
ICICI Prudential BHARAT 22 FOF Direct - Growth |
69.57% |
40.98% |
1,178.73 |
|
Nippon India Nifty Next 50 Junior BeES FoF Direct - Growth |
65.37% |
23.50% |
382.27 |
|
Quantum Equity Fund Of Funds Direct-Growth |
34.57% |
17.78% |
117.41 |
|
Canara Robeco Equity Hybrid Fund Direct-Growth |
25.5% |
15.8% |
10,077.44 |
Risk Factors in Such Funds
-
The returns that the investor may obtain on the scheme may be materially impacted or may at times be lower than the returns that investors may obtain by directly investing in such schemes.
-
The scheme will invest into an underlying scheme, the expense charged being dependent on the structure of the underlying scheme.
-
The factsheets and disclosures of portfolio will be limited to providing the particulars of the schemes invested at FOF level.
-
The return of the scheme may be adversely impacted by Total expense ratio, cash drag, timing and pricing difference b/w the subscription/redemption in the Fund of Funds v/s underlying scheme, operational and transactional reasons etc.
Past Performance of Aggressive Hybrid Funds Direct-Growth
|
Equity, sectoral / Thematic Funds |
NAV (Rs) |
Returns since inception |
Return/Risk |
|
Axis Equity ETFs FoF Direct - Growth |
14.74 |
19.02% |
Performing poorly |
|
ICICI Prudential BHARAT 22 FOF Direct - Growth |
31.46 |
21.82% |
For each unit of risk this fund undertakes, it generates 20% more returns. |
|
Nippon India Nifty Next 50 Junior BeES FoF Direct - Growth |
25.01 |
18.79 |
For every unit of risk this fund takes, it produces 20% more returns. |
|
Quantum Equity Fund Of Funds Direct-Growth |
75.00 |
14.33% |
For every unit of risk this fund takes, it produces 20% more returns. |
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct Growth - Who can invest
This fund is ideal for individuals seeking to invest in long-term opportunities. It allocates investments to units of the Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF, allowing investors to benefit from a diversified portfolio with a high risk level.
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct Growth - Growth Fund Managers:
-
Ms. Ekta Gala
-
Mr. Vishal Singh
Conclusion
The Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF is suitable for investors seeking long-term investment opportunities in small and midcap stocks and who have the capacity to take on high risk. The fund also allocates a portion of its assets to money market instruments. Investors are advised to assess their risk tolerance and investment objectives carefully before investing in this scheme to maximize their potential returns.
Disclaimer: This stock analysis is only for informational purposes and should not be considered as investment advice. Always do your research and consult with a financial advisor.
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Frequently Asked Questions
The starting date of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct Growth – NFO is 10 May 2024.
The end date of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct Growth – NFO is 24 May 2024.
The fund managers of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct Growth – NFO are Ms. Ekta Gala and Mr. Vishal Singh
The minimum investment for Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct Growth– NFO is Rs. 500.
Yes, you can either invest in SIP or lump sum in Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct Growth – NFO.
