Mirae Asset Investment Managers (India), or Mirae Assets Mutual Fund, has launched India’s first Multicap Exchange Traded Fund – Mirae Asset Nifty500 Multicap 50:25:25 ETF.
Mirae Asset Nifty500 Multicap 50:25:25 ETF is an open-ended scheme replicating/tracking Nifty500 Multicap 50:25:25 Total Return Index. With this new fund, Mirae Asset Mutual Fund aims to provide investors with a diversified investment approach with balanced exposure across various market capitalizations.
Mirae Asset Nifty500 Multicap 50:25:25 ETF minimum investment
The minimum investment during NFO should be Rs 5,000 and in multiples of Re 1 thereafter.
Mirae Asset Nifty500 Multicap 50:25:25 ETF NFO
The New Fund Offer for the scheme opened on today, i.e. August 12, 2024, and will close on August 26, 2024. The fund managers are Ekta Gala and Vishal Singh.
Mirae Asset Nifty500 Multicap 50:25:25 ETF Weights and Capping:
Nifty500 Multicap 50:25:25 Index shall have the following size segment weights as on quarterly rebalance dates:
- Large Cap stocks (Stocks part of Nifty 100 index) – Total Weight 50%
- Mid Cap stocks (Stocks part of Nifty Midcap 150 index) – Total Weight 25%
- Small Cap stocks (Stocks part of Nifty Smallcap 250 index) – Total Weight 25%
Conclusion:
Nifty500 Multicap 50:25:25 Index provide exposure to companies across different market capitalisations, offering diversification within a single fund. The index aims to measure the performance of portfolio of large, mid and small market capitalization companies with target weights assigned to each size segment.
Nifty500 Multicap 50:25:25 Index has generated 17.0% CAGR in last 10 years outperforming Nifty 50 Index by 3.2% and Nifty 500 Index by 1.5% with lower risk and drawdowns. Investors seeking a well-diversified portfolio with equal exposure to large cap and non-large cap market cap segment may consider passive products based on Nifty500 Multicap 50:25:25 Index.