CALCULATE YOUR SIP RETURNS

NFO alert: Mirae Asset Mutual Fund launches Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF; details inside!

07 May 20246 mins read by Angel One
In the following article we shed light on the NFO's objectives, fund allocation, fund managers, and peer performance.
NFO alert: Mirae Asset Mutual Fund launches Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF; details inside!
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF is an open-ended thematic Exchange Traded Fund (ETF) launched by Mirae Asset Mutual Fund on May 6, 2024. It tracks the Nifty MidSmallcap400 Momentum Quality 100 Total Return Index, aiming to deliver returns similar to the index performance (before expenses). The minimum investment is Rs 5000 and there is no entry load, but an exit load of 0.5% applies within the first 3 months of investment.

Investment Objective

The Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF’s investment objective is to generate returns, before expenses, that are commensurate with the performance of the Nifty MidSmallcap400 Momentum Quality 100 Total Return Index, subject to tracking error. There is no assurance or guarantee that the investment objective of the scheme will be achieved.

his NFO of Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF is suitable for investors who are seeking returns that are commensurate with the performance of the Nifty MidSmallcap400 Momentum Quality 100 Total Return Index, subject to tracking error over the long term and Investments in equity securities covered by Nifty MidSmallcap400 Momentum Quality 100 Total Return Index.

Risk-o-meter

Funds Allocation

Types of Instruments Risk Profile Minimum Allocation (% of Net Assets) Maximum Allocation (% of Net Assets)
Securities included in the Nifty MidSmallcap400 Momentum Quality 100 Index Very High 95 100
Money market instruments/debt securities, Instruments and/or units of debt/liquid schemes of domestic Mutual Funds. Low to

Moderate

0 5

Benchmark

The performance of the Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF is benchmarked against the Nifty MidSmallcap400 Momentum Quality 100 Total Return Index.

Fund Managers

The Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF fund managers are Ms. Ekta Gala and Mr. Vishal Singh.

Ms. Ekta Gala has over 6 years of experience as a dealer. Prior to this assignment, Ms. Ekta Gala was associated with ICICI Prudential Asset Management Company Ltd. Her qualifications include B.Com & Inter CA (IPCC).

Mr. Vishal Singh has over 5 years of experience in the field of financial services. Prior to this assignment, Mr. Singh was associated with NSE Indices Limited. His qualifications include C.A.; C.F.A; F.R.M; B.Com.

Peer Mutual Fund Schemes (Trailing Returns)

Scheme Name Launch Date AUM (Crore) Expense Ratio (%) Returns as of – 03-05-2024 in %
2024 2023
Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF 29-02-2024 125.36 0.36
Motilal Oswal Nifty 200 Momentum 30 ETF 10-02-2022 42.47 0.36 21.6 41.19
ABSL Nifty 200 Momentum 30 ETF 12-08-2022 50.38 0.32 21.61 41.25
HDFC NIFTY200 MOMENTUM 30 ETF 11-10-2022 24.53 0.3 21.61 40.85
ICICI Pru Nifty 200 Momentum 30 ETF 05-08-2022 64.88 0.3 21.64 40.84
ETFs 7.87 24.46

Data as of May 03, 2024

Characteristics of Momentum Quality ETFs

  • Tracks mid-sized and small companies in India (Nifty MidSmallcap400).
  • Focuses on stocks with recent strong price momentum (Momentum).
  • Select companies with factors like profitability and strong financials (Quality).
  • Aims to mirror the performance of a specific index (Nifty MidSmallcap400 Momentum Quality 100 Total Return Index).

Elevate your savings strategy with our easy-to-use Angel One SIP Calculator. See the impact of consistent investing. Your future self will thank you. Start planning today!

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.

We're Live on WhatsApp! Join our channel for market insights & updates

Grow Wealth, Start SIP Now!

Start Your Mutual Fund Investments Journey Today

Join our 2 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy ₹0 Account Opening Charges

Get the link to download the App

Send App Link
Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Enjoy ₹0 Account Opening Charges