Mirae Asset Nifty Financial Services Etf

Review Date: 07-03-2025

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%: Four return parameters of the Mirae Asset Nifty Financial Services ETF are in the top 25% in the category, as listed below:
      
      • 1M Return %
      • 3M Return %
      • 6M Return %
      • 1Y Return %
   2. Above Average Below the Top 25%: The Mirae Asset Nifty Financial Services ETF has one return parameter in the category, which is above average but below the top 25%, as shown below:
      
      • 3Y Return %
   3. Below Average: Mirae Asset Nifty Financial Services ETF has no return parameters that are below average in the category.
2. Risk: It is defined as the prospect of not attaining expected yields or enduring financial setbacks due to numerous causes. 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%: one risk parameter in the lowest 25% in the category, which is listed below.
      • 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 9.05 %.
   2. Below Average but Above the Lowest 25%: Mirae Asset Nifty Financial Services ETF has one risk parameter that is 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 14.09 %.
   3. Above Average: Mirae Asset Nifty Financial Services 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 Financial Services ETF, we have evaluated three risk-adjusted performance parameters.
   1. Top 25% Risk Adjusted Performance Parameters: Mirae Asset Nifty Financial Services ETF has one risk-adjusted performance parameter of the fund that is in the top 25% of the category.
      • Sterling Ratio: Mirae Asset Nifty Financial Services ETF has a Sterling Ratio of 0.65 compared to the category average of 0.46.
   2. Above Average Below Top 25% Risk Adjusted Performance Parameters: Mirae Asset Nifty Financial Services ETF has two risk-adjusted performance parameters of the fund that are in the this group of the category.
      • Sharpe Ratio: Mirae Asset Nifty Financial Services ETF has a Sharpe Ratio of 0.39 compared to the category average of 0.29.
      • Sortino Ratio: Mirae Asset Nifty Financial Services ETF has a Sortino Ratio of 0.23 compared to the category average of 0.14.
   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.

Date	Mirae Asset Nifty Financial Services Etf NAV Regular Growth	Mirae Asset Nifty Financial Services Etf NAV Direct Growth
07-03-2025	23.7077	None
06-03-2025	23.7341	None
05-03-2025	23.6191	None
04-03-2025	23.5964	None
03-03-2025	23.5192	None
28-02-2025	23.5961	None
27-02-2025	23.7411	None
25-02-2025	23.6003	None
24-02-2025	23.558	None
21-02-2025	23.7417	None
20-02-2025	23.8515	None
19-02-2025	24.0307	None
18-02-2025	23.8505	None
17-02-2025	23.8411	None
14-02-2025	23.7552	None
13-02-2025	23.8393	None
12-02-2025	23.7579	None
11-02-2025	23.6523	None
10-02-2025	23.9706	None
07-02-2025	24.1137	None