Mirae Asset Nifty Next 50 Etf Overview
Category Other ETFs
BMSMONEY Rank 18
BMSMONEY Rating
Gro. Opt. As On: 19-11-2024
NAV ₹689.02(R) +0.45% (D) %
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 45.71% 16.52% -% -% -%
LumpSum (D)
SIP (R) 1.67% 25.04% -% -% -%
SIP (D)
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.62 0.31 0.75 -% -
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
18.08% -25.56% -14.82% - 13.09%
Top Other ETFs
Fund Name Rank Rating
cpse etf 1
bharat 22 etf 2
Aditya Birla Sun Life Nifty Healthcare ETF 3
ICICI Prudential Nifty Healthcare ETF 4
Nippon India ETF Nifty Dividend Opportunities 50 5
Axis NIFTY Healthcare ETF 6
Nippon India Etf Nifty Midcap 150 7
Nippon India Nifty Pharma ETF 8
Motilal Oswal Nifty Midcap 100 ETF 9
Icici Prudential Nifty Next 50 Etf 10
Uti Nifty Next 50 Exchange Traded Fund 11
UTI BSE Sensex Next 50 Exchange Traded Fund 12
ICICI Prudential Nifty India Consumption ETF 13
Nippon India ETF BSE Sensex Next 50 14
SBI Nifty Next 50 ETF 15
SBI BSE Sensex Next 50 ETF 16
kotak nifty 50 value 20 etf 17

NAV Date: 19-11-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Nifty Next 50 ETF (MANxt50ETF) 689.02
3.1200
0.4500%

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%: Two return parameters of the mirae asset nifty next 50 etf are in the top 25% in the category, as listed below:
      • 1Y Return %
      • 3Y 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: Three return parameters of the fund are below average in the category, which are listed below:
      • 6M Return %
      • 1M Return %
      • 3M Return %
  2. Risk: It refers to the chance of suffering a financial loss or not reaching the expected profits due to a variety of circumstances. Two risk parameters of the fund are divided 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 next 50 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 next 50 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 next 50 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 18.08 %.
      • 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 13.09 %.
  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 next 50 etf, we have evaluated three 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: mirae asset nifty next 50 etf has three risk-adjusted performance parameters of the fund that are in the this group of the category.
      • Sharpe Ratio: mirae asset nifty next 50 etf has a Sharpe Ratio of 0.62 compared to the category average of 0.36.
      • Sterling Ratio: mirae asset nifty next 50 etf has a Sterling Ratio of 0.75 compared to the category average of 0.59.
      • Sortino Ratio: mirae asset nifty next 50 etf has a Sortino Ratio of 0.31 compared to the category average of 0.17.
    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.


Not able to see in mobile!!! save the chart by clicking on camera icon.

KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % -7.45
-4.13
-9.06 | 5.67 157 | 186 Poor
3M Return % -7.56
-2.35
-14.26 | 25.71 155 | 186 Poor
6M Return % -0.35
4.92
-10.18 | 26.60 139 | 178 Poor
1Y Return % 45.71
15.71
-89.10 | 54.69 6 | 166 Very Good
3Y Return % 16.52
2.36
-50.39 | 43.66 20 | 100 Very Good
1Y SIP Return % 1.67
-6.01
-39.83 | 26.22 27 | 154 Very Good
3Y SIP Return % 25.04
15.24
-11.92 | 46.84 20 | 90 Very Good
Standard Deviation 18.08
13.85
0.00 | 28.97 69 | 80 Poor
Semi Deviation 13.09
9.61
0.00 | 18.80 69 | 80 Poor
Max Drawdown % -14.82
-12.90
-38.86 | 0.00 54 | 80 Average
VaR 1 Y % -25.56
-16.92
-34.01 | 0.00 68 | 80 Poor
Average Drawdown % -9.32
-5.78
-19.01 | 0.00 74 | 80 Poor
Sharpe Ratio 0.62
0.36
-0.74 | 1.89 26 | 77 Good
Sterling Ratio 0.75
0.59
-0.01 | 2.15 22 | 80 Good
Sortino Ratio 0.31
0.17
-1.00 | 1.16 25 | 80 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

Rotate the phone! Best viewed in landscape mode on mobile.
KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
Standard Deviation 18.08 13.85 0.00 | 28.97 69 | 80
Semi Deviation 13.09 9.61 0.00 | 18.80 69 | 80
Max Drawdown % -14.82 -12.90 -38.86 | 0.00 54 | 80
VaR 1 Y % -25.56 -16.92 -34.01 | 0.00 68 | 80
Average Drawdown % -9.32 -5.78 -19.01 | 0.00 74 | 80
Sharpe Ratio 0.62 0.36 -0.74 | 1.89 26 | 77
Sterling Ratio 0.75 0.59 -0.01 | 2.15 22 | 80
Sortino Ratio 0.31 0.17 -1.00 | 1.16 25 | 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 0.45 ₹ 10,045.00 ₹
1W -0.97 ₹ 9,903.00 ₹
1M -7.45 ₹ 9,255.00 ₹
3M -7.56 ₹ 9,244.00 ₹
6M -0.35 ₹ 9,965.00 ₹
1Y 45.71 ₹ 14,571.00 ₹
3Y 16.52 ₹ 15,819.00 ₹
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 1.67 ₹ 12,108.50 ₹
3Y ₹ 36000 25.04 ₹ 51,792.26 ₹
5Y ₹ 60000 ₹ ₹
7Y ₹ 84000 ₹ ₹
10Y ₹ 120000 ₹ ₹
15Y ₹ 180000 ₹ ₹


Date Mirae Asset Nifty Next 50 Etf NAV Regular Growth Mirae Asset Nifty Next 50 Etf NAV Direct Growth
19-11-2024 689.0165 None
18-11-2024 685.8982 None
14-11-2024 685.2587 None
13-11-2024 682.0922 None
12-11-2024 695.7838 None
11-11-2024 711.2648 None
08-11-2024 709.2399 None
07-11-2024 717.7845 None
06-11-2024 725.4036 None
05-11-2024 709.2275 None
04-11-2024 705.3756 None
31-10-2024 710.382 None
30-10-2024 713.9331 None
29-10-2024 716.6762 None
28-10-2024 711.5174 None
25-10-2024 708.2781 None
24-10-2024 719.4822 None
23-10-2024 720.0763 None
22-10-2024 722.8522 None
21-10-2024 744.4573 None

Fund Launch Date: 24/Jan/2020
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 Next 50 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 Next 50 Total Return Index
Fund Benchmark: Nifty Next 50 Total Return Index
Source: Fund FactSheet

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