Mirae Asset Nifty Next 50 Etf Overview
Category Other ETFs
BMSMONEY Rank 11
BMSMONEY Rating
Gro. Opt. As On: 20-12-2024
NAV ₹698.55(R) -2.72% (D) %
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 35.75% 20.23% -% -% -%
LumpSum (D)
SIP (R) -35.72% 21.86% -% -% -%
SIP (D)
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.67 0.34 0.79 -% -
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
17.97% -25.56% -14.82% - 13.08%
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Fund Name Rank Rating
bharat 22 etf 1
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Uti Nifty Next 50 Exchange Traded Fund 4
Aditya Birla Sun Life Nifty Healthcare ETF 5
UTI BSE Sensex Next 50 Exchange Traded Fund 6
Nippon India Etf Nifty Midcap 150 7
SBI BSE Sensex Next 50 ETF 8
Motilal Oswal Nifty Midcap 100 ETF 9
Icici Prudential Nifty Next 50 Etf 10
mirae asset nifty next 50 etf 11
kotak nifty 50 value 20 etf 12
Nippon India Nifty Pharma ETF 13
ICICI Prudential Nifty Healthcare ETF 14
SBI Nifty Next 50 ETF 15
Mirae Asset NYSE FANG+ ETF 16
Nippon India ETF BSE Sensex Next 50 17

NAV Date: 20-12-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Nifty Next 50 ETF (MANxt50ETF) 698.55
-19.5500
-2.7200%

Review Date: 20-12-2024

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 five 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%: Three return parameters of the mirae asset nifty next 50 etf are in the top 25% in the category, as shown below:
      • 1M Return %
      • 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: mirae asset nifty next 50 etf has two return parameters that are below average in the category, which are listed below:
      • 6M Return %
      • 3M Return %
  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 next 50 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 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 17.97 %.
      • 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 13.08 %.
  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: 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 0.67 compared to the category average of 0.45.
      • Sterling Ratio: mirae asset nifty next 50 etf has a Sterling Ratio of 0.79 compared to the category average of 0.68.
      • Sortino Ratio: mirae asset nifty next 50 etf has a Sortino Ratio of 0.34 compared to the category average of 0.21.
    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 % 2.92
1.46
-5.44 | 8.69 47 | 185 Very Good
3M Return % -8.94
-5.44
-15.38 | 22.24 134 | 181 Average
6M Return % -3.80
1.83
-12.05 | 26.10 135 | 181 Average
1Y Return % 35.75
10.54
-89.90 | 56.82 13 | 166 Very Good
3Y Return % 20.23
7.11
-49.56 | 44.12 20 | 102 Very Good
1Y SIP Return % -35.72
-34.86
-40.30 | -11.04 39 | 117 Good
3Y SIP Return % 21.86
11.80
-14.52 | 35.46 18 | 68 Good
Standard Deviation 17.97
13.63
0.00 | 28.07 70 | 82 Poor
Semi Deviation 13.08
9.40
0.00 | 18.70 70 | 82 Poor
Max Drawdown % -14.82
-11.90
-35.55 | 0.00 63 | 82 Average
VaR 1 Y % -25.56
-15.87
-34.01 | 0.00 69 | 82 Poor
Average Drawdown % -9.19
-5.73
-16.35 | 0.00 74 | 82 Poor
Sharpe Ratio 0.67
0.45
-0.79 | 1.91 26 | 79 Good
Sterling Ratio 0.79
0.68
0.00 | 2.26 23 | 82 Good
Sortino Ratio 0.34
0.21
-1.00 | 1.24 26 | 82 Good
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 17.97 13.63 0.00 | 28.07 70 | 82
Semi Deviation 13.08 9.40 0.00 | 18.70 70 | 82
Max Drawdown % -14.82 -11.90 -35.55 | 0.00 63 | 82
VaR 1 Y % -25.56 -15.87 -34.01 | 0.00 69 | 82
Average Drawdown % -9.19 -5.73 -16.35 | 0.00 74 | 82
Sharpe Ratio 0.67 0.45 -0.79 | 1.91 26 | 79
Sterling Ratio 0.79 0.68 0.00 | 2.26 23 | 82
Sortino Ratio 0.34 0.21 -1.00 | 1.24 26 | 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 -2.72 ₹ 9,728.00 ₹
1W -5.84 ₹ 9,416.00 ₹
1M 2.92 ₹ 10,292.00 ₹
3M -8.94 ₹ 9,106.00 ₹
6M -3.80 ₹ 9,620.00 ₹
1Y 35.75 ₹ 13,575.00 ₹
3Y 20.23 ₹ 17,382.00 ₹
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 -35.72 ₹ 9,523.49 ₹
3Y ₹ 36000 21.86 ₹ 49,563.54 ₹
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
20-12-2024 698.5511 None
19-12-2024 718.1051 None
18-12-2024 724.4543 None
17-12-2024 733.993 None
16-12-2024 743.8322 None
13-12-2024 741.9073 None
12-12-2024 743.0947 None
11-12-2024 745.2266 None
10-12-2024 743.2378 None
09-12-2024 739.2902 None
06-12-2024 742.6723 None
05-12-2024 737.0483 None
04-12-2024 734.5875 None
03-12-2024 730.9888 None
02-12-2024 723.6057 None
29-11-2024 719.1616 None
28-11-2024 714.4049 None
27-11-2024 713.6991 None
26-11-2024 706.9593 None
25-11-2024 705.1351 None
22-11-2024 691.4666 None
21-11-2024 678.7516 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.