Mirae Asset Nifty Financial Services Etf Overview
Category Other ETFs
BMSMONEY Rank 65
BMSMONEY Rating
Gro. Opt. As On: 20-12-2024
NAV ₹24.17(R) -1.32% (D) %
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 12.18% 12.96% -% -% -%
LumpSum (D)
SIP (R) -35.76% 9.06% -% -% -%
SIP (D)
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.3 0.18 0.51 -% -
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
14.42% -16.47% -12.68% - 9.43%
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NAV Date: 20-12-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Nifty Financial Services ETF 24.17
-0.3200
-1.3200%

Review Date: 20-12-2024

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 five 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 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 Financial Services ETF has four return parameters in the category, which are above average but below the top 25%, as listed below:
      • 3M Return %
      • 6M Return %
      • 1Y Return %
      • 3Y Return %
    3. Below Average: Mirae Asset Nifty Financial Services ETF has one return parameter that is below average in the category, which is listed below:
      • 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 Financial Services 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 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 14.42 %.
      • 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 9.43 %.
  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 0.3 compared to the category average of 0.45.
      • Sterling Ratio: Mirae Asset Nifty Financial Services ETF has a Sterling Ratio of 0.51 compared to the category average of 0.68.
      • Sortino Ratio: Mirae Asset Nifty Financial Services ETF has a Sortino Ratio of 0.18 compared to the category average of 0.21.


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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % 1.37
1.46
-5.44 | 8.69 80 | 185 Good
3M Return % -4.82
-5.44
-15.38 | 22.24 59 | 181 Good
6M Return % 2.69
1.83
-12.05 | 26.10 50 | 181 Good
1Y Return % 12.18
10.54
-89.90 | 56.82 109 | 166 Average
3Y Return % 12.96
7.11
-49.56 | 44.12 63 | 102 Average
1Y SIP Return % -35.76
-34.86
-40.30 | -11.04 42 | 117 Good
3Y SIP Return % 9.06
11.80
-14.52 | 35.46 38 | 68 Average
Standard Deviation 14.42
13.63
0.00 | 28.07 42 | 82 Good
Semi Deviation 9.43
9.40
0.00 | 18.70 39 | 82 Good
Max Drawdown % -12.68
-11.90
-35.55 | 0.00 56 | 82 Average
VaR 1 Y % -16.47
-15.87
-34.01 | 0.00 46 | 82 Average
Average Drawdown % -4.34
-5.73
-16.35 | 0.00 30 | 82 Good
Sharpe Ratio 0.30
0.45
-0.79 | 1.91 60 | 79 Average
Sterling Ratio 0.51
0.68
0.00 | 2.26 61 | 82 Average
Sortino Ratio 0.18
0.21
-1.00 | 1.24 59 | 82 Average
Return data last Updated On : Dec. 20, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Nov. 29, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
Standard Deviation 14.42 13.63 0.00 | 28.07 42 | 82
Semi Deviation 9.43 9.40 0.00 | 18.70 39 | 82
Max Drawdown % -12.68 -11.90 -35.55 | 0.00 56 | 82
VaR 1 Y % -16.47 -15.87 -34.01 | 0.00 46 | 82
Average Drawdown % -4.34 -5.73 -16.35 | 0.00 30 | 82
Sharpe Ratio 0.30 0.45 -0.79 | 1.91 60 | 79
Sterling Ratio 0.51 0.68 0.00 | 2.26 61 | 82
Sortino Ratio 0.18 0.21 -1.00 | 1.24 59 | 82
Return data last Updated On : Dec. 20, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Nov. 29, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D -1.32 ₹ 9,868.00 ₹
1W -5.18 ₹ 9,482.00 ₹
1M 1.37 ₹ 10,137.00 ₹
3M -4.82 ₹ 9,518.00 ₹
6M 2.69 ₹ 10,269.00 ₹
1Y 12.18 ₹ 11,218.00 ₹
3Y 12.96 ₹ 14,414.00 ₹
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 -35.76 ₹ 9,520.49 ₹
3Y ₹ 36000 9.06 ₹ 41,272.56 ₹
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
20-12-2024 24.1698 None
19-12-2024 24.4925 None
18-12-2024 24.7915 None
17-12-2024 25.0995 None
16-12-2024 25.4665 None
13-12-2024 25.4908 None
12-12-2024 25.3337 None
11-12-2024 25.4117 None
10-12-2024 25.4117 None
09-12-2024 25.3294 None
06-12-2024 25.3103 None
05-12-2024 25.3387 None
04-12-2024 25.166 None
03-12-2024 24.8935 None
02-12-2024 24.6641 None
29-11-2024 24.6003 None
28-11-2024 24.5076 None
27-11-2024 24.7658 None
26-11-2024 24.638 None
25-11-2024 24.6503 None
22-11-2024 24.2018 None
21-11-2024 23.843 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.