Mirae Asset Nifty It Etf Overview
Category ETF
BMSMONEY Rank N/A
BMSMONEY Rating N/A
Gro. Opt. As On: 19-11-2024
NAV ₹42.7(R) +0.83% (D) %
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 31.29% -% -% -% -%
LumpSum (D)
SIP (R) 7.81% -% -% -% -%
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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kotak nifty 50 value 20 etf 17

NAV Date: 19-11-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Nifty IT ETF 42.7
0.3500
0.8300%

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 four 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%: Four return parameters of the Mirae Asset Nifty IT ETF are in the top 25% in the category, as shown below:
      • 1M Return %
      • 3M Return %
      • 6M Return %
      • 1Y Return %
    2. Above Average Below the Top 25%: The fund does not have any return parameter which is above average but below the top 25%.
    3. Below Average: Mirae Asset Nifty IT ETF has no return parameters that are below average in the category.
  2. Risk: It signifies the potential for financial loss or the failure to achieve anticipated returns due to diverse elements. We have analyzed zero risk parameters of Mirae Asset Nifty IT 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 IT 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 IT 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 IT 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 IT 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 % 0.93
-4.13
-9.06 | 5.67 5 | 186 Very Good
3M Return % 1.78
-2.35
-14.26 | 25.71 29 | 186 Very Good
6M Return % 26.60
4.92
-10.18 | 26.60 1 | 178 Very Good
1Y Return % 31.29
15.71
-89.10 | 54.69 33 | 166 Very Good
1Y SIP Return % 7.81
-6.01
-39.83 | 26.22 10 | 154 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
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 0.83 ₹ 10,083.00 ₹
1W -2.02 ₹ 9,798.00 ₹
1M 0.93 ₹ 10,093.00 ₹
3M 1.78 ₹ 10,178.00 ₹
6M 26.60 ₹ 12,660.00 ₹
1Y 31.29 ₹ 13,129.00 ₹
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 7.81 ₹ 12,503.46 ₹
3Y ₹ 36000 ₹ ₹
5Y ₹ 60000 ₹ ₹
7Y ₹ 84000 ₹ ₹
10Y ₹ 120000 ₹ ₹
15Y ₹ 180000 ₹ ₹


Date Mirae Asset Nifty It Etf NAV Regular Growth Mirae Asset Nifty It Etf NAV Direct Growth
19-11-2024 42.6969 None
18-11-2024 42.3474 None
14-11-2024 43.3546 None
13-11-2024 43.3329 None
12-11-2024 43.5784 None
11-11-2024 43.5588 None
08-11-2024 43.0071 None
07-11-2024 42.704 None
06-11-2024 42.9966 None
05-11-2024 41.3514 None
04-11-2024 41.3487 None
31-10-2024 41.3346 None
30-10-2024 42.5784 None
29-10-2024 42.9477 None
28-10-2024 42.9949 None
25-10-2024 42.8258 None
24-10-2024 42.9189 None
23-10-2024 43.0026 None
22-10-2024 42.0026 None
21-10-2024 42.3022 None

Fund Launch Date: 20/Oct/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 IT 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 IT Total Return Index)
Fund Benchmark: Nifty IT TRI (Total Return Index)
Source: Fund FactSheet

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