Previously Known As : Mirae Asset Nifty 50 Etf (Man50etf)
Mirae Asset Nifty 50 Etf Overview
Category ETF
BMSMONEY Rank 33
BMSMONEY Rating
Gro. Opt. As On: 19-11-2024
NAV ₹250.81(R) +0.28% (D) %
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 20.72% 11.05% 15.69% -% -%
LumpSum (D)
SIP (R) -8.32% 13.6% 16.75% -% -%
SIP (D)
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.36 0.19 0.55 -0.06% 0.05
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
13.1% -16.74% -11.23% 1.0 9.17%
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NAV Date: 19-11-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Nifty 50 ETF (MAN50ETF) 250.81
0.6900
0.2800%

Review Date: 19-11-2024

A review of the different performance parameters of the fund is as follows:
  1. Returns: It indicates the appreciation in the investment's value within the investment period, represented as a percentage or a specific amount of money. We conducted an analysis of the six return parameters of this fund to assess their performance. To assess performance, we have segmented the return parameters into three groups: the top 25%, parameters below the top 25% but still above average, and parameters below average. The results are provided below.
    1. Top 25%: The fund does not have any return parameter in the top 25% in the category.
    2. Above Average Below the Top 25%: The Mirae Asset Nifty 50 ETF has four return parameters in the category, which are above average but below the top 25%, as shown below:
      • 6M Return %
      • 1Y Return %
      • 3Y Return %
      • 5Y Return %
    3. Below Average: Mirae Asset Nifty 50 ETF has two return parameters that are below average in the category, which are listed below:
      • 3M Return %
      • 1M Return %
  2. Risk: It signifies the potential for financial loss or the failure to achieve anticipated returns due to diverse elements. We have analyzed two risk parameters of Mirae Asset Nifty 50 ETF, and divided it into three groups the lowest 25%, below average but above the lowest 25%, and above average. More details are provided below.
    1. Lowest 25%: Mirae Asset Nifty 50 ETF does not have any risk parameters in the lowest 25% of the category. It means high risk compared to other funds in the category.
    2. Below Average but Above the Lowest 25%: Mirae Asset Nifty 50 ETF has two risk parameters that are below average but above the lowest 25% in the category. These are:
      • Standard Deviation: It is a measure of the dispersion of a set of data from its mean. It is calculated as the square root of variance by determining the variation between each data point relative to the mean. The higher the standard deviation, the greater the risk. The standard deviation of the fund is 13.1 %.
      • Semi-Deviation: It is a measure of the dispersion of a set of data from its mean. It is calculated as the square root of variance by determining the variation between each data point relative to the mean. The higher the semi-deviation, the greater the risk. The semi-deviation of the fund is 9.17 %.
    3. Above Average: Mirae Asset Nifty 50 ETF does not have any risk parameters above average; which is a good sign.
  3. Risk Adjusted Performance Parameters: In mutual funds, risk-adjusted performance parameters are evaluation tools that gauge the returns of an investment against the risk taken. They assist investors in comparing various investments, factoring in both risk and returns. We have evaluated four risk-adjusted performance parameters of the fund.
    1. Top 25% Risk Adjusted Performance Parameters: The fund does not have any risk-adjusted performance parameters that are in the top 25% of the category.
    2. Above Average Below Top 25% Risk Adjusted Performance Parameters: Mirae Asset Nifty 50 ETF has two risk-adjusted performance parameters of the fund that are in the this group of the category.
      • Sharpe Ratio: Mirae Asset Nifty 50 ETF has a Sharpe Ratio of 0.36 compared to the category average of 0.36.
      • Sortino Ratio: Mirae Asset Nifty 50 ETF has a Sortino Ratio of 0.19 compared to the category average of 0.17.
    3. Below Average Risk Adjusted Performance Parameters: Mirae Asset Nifty 50 ETF has two risk-adjusted performance parameters of the fund that are below average in the category.
      • Sterling Ratio: Mirae Asset Nifty 50 ETF has a Sterling Ratio of 0.55 compared to the category average of 0.59.
      • Treynor Ratio: Mirae Asset Nifty 50 ETF has a Treynor Ratio of 0.05 compared to the category average of 0.08.


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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % -4.95
-4.13
-9.06 | 5.67 84 | 186 Good
3M Return % -4.15
-2.35
-14.26 | 25.71 92 | 186 Good
6M Return % 5.17
4.92
-10.18 | 26.60 73 | 178 Good
1Y Return % 20.72
15.71
-89.10 | 54.69 91 | 166 Average
3Y Return % 11.05
2.36
-50.39 | 43.66 40 | 100 Good
5Y Return % 15.69
0.26
-54.14 | 29.94 21 | 68 Good
1Y SIP Return % -8.32
-6.01
-39.83 | 26.22 98 | 154 Average
3Y SIP Return % 13.60
15.24
-11.92 | 46.84 44 | 90 Good
5Y SIP Return % 16.75
14.35
-10.44 | 43.53 22 | 59 Good
Standard Deviation 13.10
13.85
0.00 | 28.97 30 | 80 Good
Semi Deviation 9.17
9.61
0.00 | 18.80 30 | 80 Good
Max Drawdown % -11.23
-12.90
-38.86 | 0.00 35 | 80 Good
VaR 1 Y % -16.74
-16.92
-34.01 | 0.00 38 | 80 Good
Average Drawdown % -6.37
-5.78
-19.01 | 0.00 51 | 80 Average
Sharpe Ratio 0.36
0.36
-0.74 | 1.89 38 | 77 Good
Sterling Ratio 0.55
0.59
-0.01 | 2.15 37 | 80 Good
Sortino Ratio 0.19
0.17
-1.00 | 1.16 38 | 80 Good
Jensen Alpha % -0.06
-0.28
-1.29 | 2.99 7 | 33 Very Good
Treynor Ratio 0.05
0.08
0.01 | 0.26 18 | 33 Good
Modigliani Square Measure % 11.78
15.00
7.57 | 33.94 19 | 33 Average
Alpha % -0.07
-0.50
-2.73 | 1.05 6 | 33 Very Good
Return data last Updated On : Nov. 19, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Oct. 31, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
Standard Deviation 13.10 13.85 0.00 | 28.97 30 | 80
Semi Deviation 9.17 9.61 0.00 | 18.80 30 | 80
Max Drawdown % -11.23 -12.90 -38.86 | 0.00 35 | 80
VaR 1 Y % -16.74 -16.92 -34.01 | 0.00 38 | 80
Average Drawdown % -6.37 -5.78 -19.01 | 0.00 51 | 80
Sharpe Ratio 0.36 0.36 -0.74 | 1.89 38 | 77
Sterling Ratio 0.55 0.59 -0.01 | 2.15 37 | 80
Sortino Ratio 0.19 0.17 -1.00 | 1.16 38 | 80
Jensen Alpha % -0.06 -0.28 -1.29 | 2.99 7 | 33
Treynor Ratio 0.05 0.08 0.01 | 0.26 18 | 33
Modigliani Square Measure % 11.78 15.00 7.57 | 33.94 19 | 33
Alpha % -0.07 -0.50 -2.73 | 1.05 6 | 33
Return data last Updated On : Nov. 19, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Oct. 31, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D 0.28 ₹ 10,028.00 ₹
1W -1.51 ₹ 9,849.00 ₹
1M -4.95 ₹ 9,505.00 ₹
3M -4.15 ₹ 9,585.00 ₹
6M 5.17 ₹ 10,517.00 ₹
1Y 20.72 ₹ 12,072.00 ₹
3Y 11.05 ₹ 13,696.00 ₹
5Y 15.69 ₹ 20,727.00 ₹
7Y ₹ ₹
10Y ₹ ₹
15Y ₹ ₹

Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.

Investment Period Invested Amount Regular Direct
XIRR % Current Value of Invested Amount XIRR % Current Value of Invested Amount
1Y ₹ 12000 -8.32 ₹ 11,450.40 ₹
3Y ₹ 36000 13.60 ₹ 44,103.28 ₹
5Y ₹ 60000 16.75 ₹ 91,210.92 ₹
7Y ₹ 84000 ₹ ₹
10Y ₹ 120000 ₹ ₹
15Y ₹ 180000 ₹ ₹


Date Mirae Asset Nifty 50 Etf NAV Regular Growth Mirae Asset Nifty 50 Etf NAV Direct Growth
19-11-2024 250.8143 None
18-11-2024 250.121 None
14-11-2024 250.9624 None
13-11-2024 251.1911 None
12-11-2024 254.6508 None
11-11-2024 257.3979 None
08-11-2024 257.4725 None
07-11-2024 258.0175 None
06-11-2024 261.0336 None
05-11-2024 258.0903 None
04-11-2024 255.7703 None
31-10-2024 258.0072 None
30-10-2024 259.4 None
29-10-2024 260.7419 None
28-10-2024 259.2032 None
25-10-2024 257.5166 None
24-10-2024 259.8442 None
23-10-2024 260.2288 None
22-10-2024 260.619 None
21-10-2024 263.8783 None

Fund Launch Date: 19/Nov/2018
Fund Category: ETF
Investment Objective: The investment objective of thescheme is to generate returns, beforeexpenses, that are commensuratewith the Performance of the Nifty 50Index, subject to tracking error. TheScheme does not guarantee orassure any returns.
Fund Description: An open ended schemereplicating/tracking Nifty 50 Index
Fund Benchmark: Nifty 50 Total Return Index
Source: Fund FactSheet

Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.