Mirae Asset Nifty Bank Etf Overview
Category ETF
BMSMONEY Rank N/A
BMSMONEY Rating N/A
Gro. Opt. As On: 19-11-2024
NAV ₹510.42(R) +0.52% (D) %
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 17.05% -% -% -% -%
LumpSum (D)
SIP (R) -7.37% -% -% -% -%
SIP (D)
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
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SBI Nifty Next 50 ETF 15
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NAV Date: 19-11-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Nifty Bank ETF 510.42
2.6500
0.5200%

Review Date: 19-11-2024

A review of the different performance parameters of the fund is as follows:
  1. Returns: It signifies the growth in the investment's value over a specific period, presented either as a percentage or a monetary figure. Our analysis focused on four return parameters of this fund. The return parameters have been categorized into three performance groups: the top 25%, those below the top 25% but above average, and those below average. Now, let's take a look at how each parameter has performed.
    1. Top 25%: The Mirae Asset Nifty Bank ETF has two return parameters in the top 25% in the category, as shown below:
      • 1M Return %
      • 6M Return %
    2. Above Average Below the Top 25%: Two return parameters of the Mirae Asset Nifty Bank ETF are above average but below the top 25% in the category, as shown below:
      • 3M Return %
      • 1Y Return %
    3. Below Average: Mirae Asset Nifty Bank ETF has no return parameters that are below average in the category.
  2. Risk: The threat of not realizing projected profits or even facing financial loss due to different issues is known as risk. For Mirae Asset Nifty Bank ETF, we have analyzed zero risk parameters and divided them into three groups the lowest 25%, below average but above the lowest 25%, and above average, which are described below.
    1. Lowest 25%: Mirae Asset Nifty Bank 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 Bank ETF does not have any risk parameters in the below average but above the lowest 25% of the category.
    3. Above Average: Mirae Asset Nifty Bank ETF does not have any risk parameters above average; which is a good sign.
  3. Risk Adjusted Performance Parameters: Risk-adjusted performance parameters in mutual funds are parameters that assess the return on investments based on the risks involved. These parameters provide a platform for investors to compare various investments, by considering both profits and the risks involved. For Mirae Asset Nifty Bank ETF, we have evaluated zero risk-adjusted performance parameters.
    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: The fund does not have any risk-adjusted performance parameters that are in the above average but below top 25% of the category.
    3. Below Average Risk Adjusted Performance Parameters: The fund does not have any risk-adjusted performance parameters that are in the above average but below top 25% of the category.


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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % -2.58
-4.13
-9.06 | 5.67 45 | 186 Very Good
3M Return % 0.49
-2.35
-14.26 | 25.71 50 | 186 Good
6M Return % 5.81
4.92
-10.18 | 26.60 45 | 178 Very Good
1Y Return % 17.05
15.71
-89.10 | 54.69 120 | 166 Average
1Y SIP Return % -7.37
-6.01
-39.83 | 26.22 74 | 154 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
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 0.52 ₹ 10,052.00 ₹
1W -1.04 ₹ 9,896.00 ₹
1M -2.58 ₹ 9,742.00 ₹
3M 0.49 ₹ 10,049.00 ₹
6M 5.81 ₹ 10,581.00 ₹
1Y 17.05 ₹ 11,705.00 ₹
3Y ₹ ₹
5Y ₹ ₹
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 -7.37 ₹ 11,513.88 ₹
3Y ₹ 36000 ₹ ₹
5Y ₹ 60000 ₹ ₹
7Y ₹ 84000 ₹ ₹
10Y ₹ 120000 ₹ ₹
15Y ₹ 180000 ₹ ₹


Date Mirae Asset Nifty Bank Etf NAV Regular Growth Mirae Asset Nifty Bank Etf NAV Direct Growth
19-11-2024 510.417 None
18-11-2024 507.7695 None
14-11-2024 505.917 None
13-11-2024 504.9988 None
12-11-2024 515.783 None
11-11-2024 523.0334 None
08-11-2024 519.8556 None
07-11-2024 523.4395 None
06-11-2024 527.4831 None
05-11-2024 526.3725 None
04-11-2024 516.3708 None
31-10-2024 518.9941 None
30-10-2024 522.3436 None
29-10-2024 527.5185 None
28-10-2024 516.8162 None
25-10-2024 512.0589 None
24-10-2024 519.5583 None
23-10-2024 516.6125 None
22-10-2024 516.7959 None
21-10-2024 523.9131 None

Fund Launch Date: 20/Jul/2023
Fund Category: ETF
Investment Objective: The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty Bank Total Return Index, subject to tracking error. There is no assurance or guarantee that the investment objective of the scheme would be achieved.
Fund Description: (An open-ended scheme replicating/tracking Nifty Bank Total Return Index)
Fund Benchmark: Nifty Bank TRI (Total Return Index)
Source: Fund FactSheet

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