Mirae Asset Nifty Small-cap 250 Momentum Quality 100 ETF is an open-ended mutual fund scheme launched by Mirae Asset Mutual Fund on February 12, 2024. It aims to track the performance of the Nifty Small-cap 250 Momentum Quality 100 Total Return Index, which consists of 100 small-cap companies selected based on a combination of momentum and quality factors. The minimum investment amount is Rs. 5,000 and there is no entry load. However, an exit load may be applicable for investors transacting directly with the AMC.
The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty Small-cap 250 Momentum Quality 100 Total Return Index, subject to tracking error.
| Types of Instruments | Indicative allocation (% of total assets) | Risk Profile |
| Securities included in the Nifty Small-cap 250 Momentum Quality 100 Index | 95% to 100% | Very High |
| Money market instruments/debt securities, Instruments and/or units of debt/liquid schemes of domestic Mutual Funds. | 0% to 5 % | Low to Medium |
Benchmark
The performance of the scheme will be benchmarked to the performance of the Nifty Small-cap 250 Momentum Quality 100 Total Return Index.
As per its investment objective, the investment would primarily be in Securities which are constituents of the benchmark index. Thus, the composition of the benchmark mentioned above index is such that it is most suited for comparing the performance of the scheme.
Ekta Gala, Age: 30 years, Educational Qualification: B.Com & Inter CA. Ekta Gala has over 6 years of experience as a dealer. Before this assignment, Ekta Gala was associated with ICICI Prudential Asset Management Company Ltd.
Vishal Singh, Age: 29 years, Educational Qualification: C.A.; C.F.A; F.R.M; B.Com, Mr. Vishal Singh has over 5 years of experience in the field of financial services. Before this assignment, Singh was associated with NSE Indices Limited.
| Particular | HDFC NIFTY Smallcap 250 ETF | Nippon India Nifty Smallcap 250 Index Reg | Motilal Oswal Nifty Microcap 250 Index Reg | Motilal Oswal Nifty Smallcap 250 Index Reg | SBI Nifty Smallcap 250 Index Reg |
| Net Asset(Rs Cr) | 167 | 1,054 | 796 | 661 | 550 |
| Return Since Launch (%) | 60.37 | 36.84 | 45.53 | 29.54 | 39.84 |
| Riskometer | Very High | Very High | Very High | Very High | Very High |
| Exit Load (Days) | — | — | 1.00 (15) | — | 0.25 (30) |
| Expense Ratio (%) | 0.2 | 0.88 | 1.06 | 1.04 | 1.01 |
| Fund Age | 11M | 3Y 3M | 7M | 4Y 5M | 1Y 4M |
| Portfolio Turnover (%) | — | 44 | — | 47 | 31 |
| Returns | HDFC NIFTY Smallcap 250 ETF | Nippon India Nifty Smallcap 250 Index Reg | Motilal Oswal Nifty Microcap 250 Index Reg | Motilal Oswal Nifty Smallcap 250 Index Reg | SBI Nifty Smallcap 250 Index Reg |
| YTD | 3.91 | 3.84 | 5.14 | 3.84 | 3.83 |
| 1 Day | -3.55 | -3.56 | -3.88 | -3.55 | -3.56 |
| 1 Week | -3.78 | -3.8 | -3.76 | -3.79 | -3.81 |
| 1 Month | 0.27 | 0.28 | -0.36 | 0.23 | 0.23 |
| 3 Months | 16.28 | 16.06 | 16.17 | 16.06 | 16.02 |
| 6 Months | 28.41 | 27.79 | 31.51 | 27.9 | 27.84 |
| 1 Year | — | 56.36 | — | 56.57 | 56.6 |
| 2 Years | — | 22.46 | — | 22.6 | — |
| 3 Years | — | 28.63 | — | 28.62 | — |
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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