Mirae Asset Nifty Total Market Index Fund NFO: Date & NAV

Mirae Asset Nifty Total Market Index Fund: Complete Overview

Mirae Asset Nifty Total Market Index Fund is an open-ended Scheme that will track the Nifty Total Market Total Return Index. The scheme is launched by Mirae Asset Mutual fund under Mirae Asset AMC.

The scheme shall provide exposure to 750 companies across small, mid, large, and micro-cap segments. The Mirae Asset Nifty entire Market Index Fund seeks to gain development opportunities in both established and new industries, including banking, IT, pharmaceuticals, manufacturing, and fintech, by encompassing roughly 96% of the entire market capitalization on the NSE.

The NFO dates are 08 October 2024 to 22 October 2024 and the mutual fund scheme shall reopen for continuous Sales and repurchases from October 29, 2024, and carries a very high risk.

The Scheme’s assets allocation shall be 95 to 100% in Securities covered by the Nifty Total Market 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, without costs, that correspond to the Nifty Total Market Total Return Index's performance, subject to tracking inaccuracy.

Scheme Plan: 

Mirae Asset Nifty Total Market Index Fund-Direct Plan

Mirae Asset Nifty Total Market Index Fund-Regular Plan

Mirae Asset Mutual Fund Details

• AUM of over Rs.161740.88 crore.

• 38 Schemes in India currently.

Why the Nifty Total Market Index?

• An avenue for exposure to the Indian market is the Nifty Total Market Index, which offers investors exposure to all market cap sectors listed on the NSE and, through its portfolio of 750 stocks, the entire Indian market.

• Broad coverage: The Index includes about 96% of the total market capitalization of companies that are listed on the NSE.

• Diversification: All 22 of the NSE's designated sectors are included in the Index. Additionally all 100 Large Cap, 150 Mid Cap, 250 Small Cap, and 250 Micro Cap stocks are included in the index.

• Improved absolute performance: Throughout all periods, the Index outperformed the Nifty 500, Nifty 200, Nifty 100, and Nifty 50 indices. Additionally, in 12/19 Calendar Years (including YTD 2024), the Index did better than the similar indices.

Index Methodology

Free Float Market Capitalization.

Nifty Total Market TRI Returns 

The index returns for 1 year and 5 years are 42.12% and 22.76 % respectively.

Indian Market Decade Ago vs Now

 

 

Total Market Investment Strategy

• Huge Segment is passive.

• The US Total Equity ETF AUM is around 8% of the $660 billion Equity Total Market ETF.

• With $7.6 trillion of equities ETFs, the US has the largest ETF market.

Nifty Total Market Index: Market coverage

• 96% comprehensive market coverage for all market caps.

• Comprises all varieties and sizes: Established MNCs, growing firms, startups, and niche businesses.

Click Here To Stay Updated With The Upcoming NFO.

 

Fund Overview

How to apply for the fund after 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 29 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 Total Market 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 Total Market Index Fund

 

Risk Factors In Such Funds

• Equities-related securities are volatile because they are subject to daily price fluctuations. The liquidity of investments made in the Scheme may be restricted by trading volumes and settlement delays. Unexpected occurrences could cause settlement times to significantly extend.

• Investing in stocks and equity-related instruments carries some risk, thus potential buyers should only buy equity schemes if they have the ability to take on the risk of losing their money.

• Securities that have no listing on exchanges are by definition illiquid and carry a larger liquidity risk than securities that have listings on the markets or offer investors extra exit options, like put options.

 

Past Performance of Nifty Total Market Index Funds

 

Mirae Asset Nifty Total Market Index Fund-Fund Managers

• Ms. Ekta Gala.

• Mr. Vishal Singh.

Conclusion

Mirae Asset Nifty Total Market Index Fund provides an investment avenue in diversified portfolios, covering almost 96% of the Indian market. The fund encompasses companies with all market caps, thereby reducing the risk with diversified exposure. With immense growth potential in established as well as emerging sectors, the fund is quite perfect for high-risk investors who are willing to have a long-term return.

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.