Mirae Asset Nifty Financial Services Etf Overview
Category Other ETFs
BMSMONEY Rank 58
BMSMONEY Rating
Gro. Opt. As On: 19-11-2024
NAV ₹23.98(R) +0.62% (D) %
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 20.89% 8.85% -% -% -%
LumpSum (D)
SIP (R) -2.35% 12.64% -% -% -%
SIP (D)
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.12 0.09 0.31 -% -
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
15.2% -18.23% -18.07% - 10.18%
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NAV Date: 19-11-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Nifty Financial Services ETF 23.98
0.1500
0.6200%

Review Date: 19-11-2024

A review of the different performance parameters of the fund is as follows:
  1. Returns: It captures the increment in the investment's value during the investment period, articulated as either a percentage or a monetary denomination. We carefully examined five return parameters of this fund to gauge its performance. The return parameters have been divided into three performance groups: the top 25%, parameters below the top 25% but exceeding the average, and parameters below the average mark. Please find the detailed analysis below.
    1. Top 25%: Three return parameters of the Mirae Asset Nifty Financial Services ETF are in the top 25% in the category, as shown below:
      • 1M Return %
      • 3M Return %
      • 6M Return %
    2. Above Average Below the Top 25%: Two return parameters of the Mirae Asset Nifty Financial Services ETF are above average but below the top 25% in the category, as listed below:
      • 1Y Return %
      • 3Y Return %
    3. Below Average: Mirae Asset Nifty Financial Services ETF has no return parameters that are below average in the category.
  2. Risk: Various factors can lead to the risk of either not meeting expected returns or encountering a monetary loss. For Mirae Asset Nifty Financial Services ETF, we have analyzed two 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 Financial Services 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 Financial Services 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 Financial Services ETF has two parameters that are above average which are listed below:
      • 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 15.2 %.
      • 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 10.18 %.
  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 three 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: 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: Mirae Asset Nifty Financial Services ETF has three risk-adjusted performance parameters of the fund that are below average in the category.
      • Sharpe Ratio: Mirae Asset Nifty Financial Services ETF has a Sharpe Ratio of 0.12 compared to the category average of 0.36.
      • Sterling Ratio: Mirae Asset Nifty Financial Services ETF has a Sterling Ratio of 0.31 compared to the category average of 0.59.
      • Sortino Ratio: Mirae Asset Nifty Financial Services ETF has a Sortino Ratio of 0.09 compared to the category average of 0.17.


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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % -2.28
-4.13
-9.06 | 5.67 41 | 186 Very Good
3M Return % 2.11
-2.35
-14.26 | 25.71 22 | 186 Very Good
6M Return % 9.60
4.92
-10.18 | 26.60 22 | 178 Very Good
1Y Return % 20.89
15.71
-89.10 | 54.69 87 | 166 Average
3Y Return % 8.85
2.36
-50.39 | 43.66 63 | 100 Average
1Y SIP Return % -2.35
-6.01
-39.83 | 26.22 45 | 154 Good
3Y SIP Return % 12.64
15.24
-11.92 | 46.84 60 | 90 Average
Standard Deviation 15.20
13.85
0.00 | 28.97 45 | 80 Average
Semi Deviation 10.18
9.61
0.00 | 18.80 41 | 80 Average
Max Drawdown % -18.07
-12.90
-38.86 | 0.00 70 | 80 Poor
VaR 1 Y % -18.23
-16.92
-34.01 | 0.00 49 | 80 Average
Average Drawdown % -5.44
-5.78
-19.01 | 0.00 40 | 80 Good
Sharpe Ratio 0.12
0.36
-0.74 | 1.89 59 | 77 Average
Sterling Ratio 0.31
0.59
-0.01 | 2.15 69 | 80 Poor
Sortino Ratio 0.09
0.17
-1.00 | 1.16 59 | 80 Average
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 15.20 13.85 0.00 | 28.97 45 | 80
Semi Deviation 10.18 9.61 0.00 | 18.80 41 | 80
Max Drawdown % -18.07 -12.90 -38.86 | 0.00 70 | 80
VaR 1 Y % -18.23 -16.92 -34.01 | 0.00 49 | 80
Average Drawdown % -5.44 -5.78 -19.01 | 0.00 40 | 80
Sharpe Ratio 0.12 0.36 -0.74 | 1.89 59 | 77
Sterling Ratio 0.31 0.59 -0.01 | 2.15 69 | 80
Sortino Ratio 0.09 0.17 -1.00 | 1.16 59 | 80
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 0.62 ₹ 10,062.00 ₹
1W -0.68 ₹ 9,932.00 ₹
1M -2.28 ₹ 9,772.00 ₹
3M 2.11 ₹ 10,211.00 ₹
6M 9.60 ₹ 10,960.00 ₹
1Y 20.89 ₹ 12,089.00 ₹
3Y 8.85 ₹ 12,895.00 ₹
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 -2.35 ₹ 11,846.39 ₹
3Y ₹ 36000 12.64 ₹ 43,494.88 ₹
5Y ₹ 60000 ₹ ₹
7Y ₹ 84000 ₹ ₹
10Y ₹ 120000 ₹ ₹
15Y ₹ 180000 ₹ ₹


Date Mirae Asset Nifty Financial Services Etf NAV Regular Growth Mirae Asset Nifty Financial Services Etf NAV Direct Growth
19-11-2024 23.9759 None
18-11-2024 23.8271 None
14-11-2024 23.7685 None
13-11-2024 23.7052 None
12-11-2024 24.1408 None
11-11-2024 24.5468 None
08-11-2024 24.4186 None
07-11-2024 24.5509 None
06-11-2024 24.767 None
05-11-2024 24.7135 None
04-11-2024 24.2336 None
31-10-2024 24.4657 None
30-10-2024 24.6202 None
29-10-2024 24.9485 None
28-10-2024 24.4406 None
25-10-2024 24.3078 None
24-10-2024 24.4323 None
23-10-2024 24.3277 None
22-10-2024 24.2749 None
21-10-2024 24.5355 None

Fund Launch Date: 30/Jul/2021
Fund Category: Other ETFs
Investment Objective: The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty Financial Services Total Return Index, subject to tracking error. The Scheme does not guarantee or assure any returns
Fund Description: An open-ended scheme replicating/tracking Nifty Financial Services Total Return Index
Fund Benchmark: Nifty Financial Services Total Return Index
Source: Fund FactSheet

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