Mirae Asset Nifty IT ETF - Growth
Unrated
NAV as of Jun 05, 2025
38.430.46%
- Growth - Regular
(Earn upto 0.00% Extra Returns with Direct Plan)
Fund Category:
Equity: Sectoral-Technology
Expense Ratio:
0.10%(1.12% Category
average)Fund Size:
Rs. 123.28 Cr(0.28% of Investment in Category)
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Mirae Asset Nifty IT ETF - Growth
Unrated
NAV as of Jun 05, 2025
38.430.46%
Expense Ratio:
0.10%
Fund Size:
Rs. 123.28 Cr
Fund Category:
Equity: Sectoral-Technology
Mirae Asset Nifty IT ETF - Growth Fund Key Highlights
1. Current NAV: The Current Net Asset Value of the Mirae Asset Nifty IT ETF as of Jun 05, 2025 is Rs 38.43 for Growth option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 17.25% (1yr) and 15.01% (since launch). Whereas, Category returns for the same time duration are: 16.48% (1yr), 12.89% (3yr) and 27.89% (5yr).
3. Fund Size: The Mirae Asset Nifty IT ETF currently holds Assets under Management worth of Rs 123.28 crore as on Apr 30, 2025.
4. Expense ratio: The expense ratio of the fund is 0.1% for Regular plan as on May 30, 2025.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 0. Minimum SIP investment is Rs 0.
1. Current NAV: The Current Net Asset Value of the Mirae Asset Nifty IT ETF as of Jun 05, 2025 is Rs 38.43 for Growth option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 17.25% (1yr) and 15.01% (since launch). Whereas, Category returns for the same time duration are: 16.48% (1yr), 12.89% (3yr) and 27.89% (5yr).
3. Fund Size: The Mirae Asset Nifty IT ETF currently holds Assets under Management worth of Rs 123.28 crore as on Apr 30, 2025.
4. Expense ratio: The expense ratio of the fund is 0.1% for Regular plan as on May 30, 2025.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 0. Minimum SIP investment is Rs 0.
Mirae Asset Nifty IT ETF - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 3.75 -1.83 -16.14 14.34 - - Category Avg 5.01 2.83 -12.86 14.84 12.92 27.06 Rank within Category 17 17 16 8 - - No. of funds within Category 31 31 29 26 13 5 - Loading...
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Return Comparison
- This Fund
- BenchmarkNIFTY IT Total Return Index
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Mirae Asset Nifty IT ETF - Growth Fund Details
Investment Objective - The scheme seeks to generate returns, before expenses, that are commensurate with the performance of the Nifty IT Total Return Index, subject to tracking error.
| Fund House | Mirae Asset Mutual Fund |
| Launch Date | Oct 20, 2023 |
| Benchmark | NIFTY IT Total Return Index |
| Return Since Launch | 14.57% |
| Riskometer | Very High |
| Type | Open-ended |
| Risk Grade | - |
| Return Grade | - |
Mirae Asset Nifty IT ETF - Growth Investment Details
| Minimum Investment (Rs.) | 5,000.00 |
| Minimum Additional Investment (Rs.) | - |
| Minimum SIP Investment (Rs.) | - |
| Minimum Withdrawal (Rs.) | - |
| Exit Load | 0% |
Portfolio Allocation
Asset Allocation
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Asset Allocation History
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EquityDebtCash
Sector Allocation
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Market Cap Allocation
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Concentration & Valuation Analysis
| APR 2025 | MAR 2025 | FEB 2025 | JAN 2025 | DEC 2024 | NOV 2024 | |
|---|---|---|---|---|---|---|
| Number of Holdings | 10 | 10 | 10 | 10 | 10 | 10 |
| Top 5 Company Holdings | 78.76% | 78.98% | 80.47% | 79.23% | 79.29% | 78.39% |
| Top 10 Company Holdings | 99.88% | 99.99% | 100.02% | 99.4% | 100.0% | 100.02% |
| Company with Highest Exposure | Infosys (27.21%) | Infosys (27.68%) | Infosys (29.08%) | Infosys (28.16%) | Infosys (27.85%) | Infosys (26.2%) |
| Number of Sectors | 1 | 1 | 1 | 1 | 1 | 1 |
| Top 3 Sector Holdings | 99.88% | 100.01% | 100.01% | 99.4% | 100.0% | 100.01% |
| Top 5 Sector Holdings | 99.88% | 100.01% | 100.01% | 99.4% | 100.0% | 100.01% |
| Sector with Highest Exposure | Technology (99.88%) | Technology (100.01%) | Technology (100.01%) | Technology (99.4%) | Technology (100.0%) | Technology (100.01%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Infosys Technology 27.2 24.17 64.32 5.57 Tata Consultancy Technology 24.1 25.12 134.20 -11.99 HCL Technologies Technology 10.48 25.47 64.08 16.81 Tech Mahindra Technology 9.88 35.99 43.43 18.62 Wipro Technology 7.56 19.77 12.54 7.57 Persistent Systems Technology 5.71 62.59 89.84 52.21 LTIMindtree Technology 5.7 33.38 155.21 7.94 Coforge Technology 4.59 72.72 24.29 69.40 Mphasis Technology 3.35 28.25 89.55 3.84 L&T Technology Services Technology 1.45 36.15 119.64 -7.63
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Mirae Asset Nifty IT ETF - Growth 38.43 Unrated 123.28 3.75 14.34 - - ICICI Prudential Technology Fund-Growth 197.97 Unrated 12,983.03 4.85 18.04 12.93 29.66 HDFC Technology Fund Regular - Growth 13.59 Unrated 1,330.43 5.22 22.22 - - SBI Technology Opportunities Fund-Growth 213.55 Unrated 4,224.88 6.87 23.53 16.40 26.84 Quant Teck Fund Regular - Growth 12.68 Unrated 377.48 8.72 8.15 - -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
Mirae Asset Mutual Fund News
Fund Manager
- R.P.Ritesh PatelSince Mar 202512 schemes
- E.G.Ekta GalaSince Oct 202331 schemes
Mr. Ghosh is a Commerce Graduate and holds a Degree in CS and LLB. Prior to this assignment, he was Assistant Company Secretary with JM Financial Asset Management Pvt. Ltd. He has also been associated with organizations like Hindustan Composites Ltd, Tower Capital & Securities Pvt. Ltd and Multi-Arc India Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Mirae Asset Nifty500 Multicap 50:25:25 ETF-Growth Multi Cap 16.07 Unrated 45.56 - Mirae Asset Nifty Total Market Index Fund Regular-Growth Flexi Cap 10.12 Unrated 39.35 - Mirae Asset Nifty 50 Index Fund Regular-Growth Large Cap 10.15 Unrated 27.74 - Mirae Asset Nifty LargeMidcap 250 Index Fund Regular-Growth Large & MidCap 10.14 Unrated 18.19 - Mirae Asset BSE Sensex ETF - Growth Large Cap 82.88 Unrated 19.90 10.59 Mirae Asset Nifty Bank ETF - Growth Sectoral-Banking 562.75 Unrated 251.36 14.09 Mirae Asset Nifty Midcap 150 ETF - Growth Mid Cap 21.79 Unrated 992.34 12.42 Mirae Asset Nifty Financial Services ETF - Growth Sectoral-Banking 27.08 Unrated 411.81 22.24 Mirae Asset Nifty Next 50 ETF - Growth Large Cap 684.97 Unrated 635.15 1.11 Mirae Asset Nifty 50 ETF - Growth Large Cap 265.33 Unrated 4,532.05 10.56 Mirae Asset Gold ETF FoF Regular-Growth Gold 12.43 Unrated 87.19 - Mirae Asset Multi Asset Allocation Fund Regular - Growth Multi Asset Allocation 11.99 Unrated 1,910.56 14.12 Ms. Gala is a B.Com & Inter CA (IPCC) Prior to joining Mirae Asset Mutual Fund, she has worked with ICICI Prudential Asset Management Company Ltd.
More Mirae Asset Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| Mirae Asset Large Cap Fund Regular- Growth | 38,891.55 | 4.50 | 9.09 | 4.86 | 12.55 | 16.39 | |
| Mirae Asset Large & Midcap Fund Regular-Growth | 37,798.82 | 5.89 | 10.66 | 2.82 | 6.72 | 18.88 | |
| Mirae Asset ELSS Tax Saver Fund Regular-Growth | 24,774.08 | 5.61 | 10.24 | 4.24 | 10.65 | 19.36 | |
| Mirae Asset Midcap Fund Regular - Growth | 15,414.99 | 7.61 | 12.06 | 0.96 | 4.49 | 21.83 | |
| Mirae Asset Liquid Fund - Growth | 12,484.80 | 0.50 | 1.75 | 3.54 | 7.24 | 6.87 | |
| Mirae Asset Aggressive Hybrid Fund Regular-Growth | 8,854.07 | 3.75 | 8.97 | 4.66 | 11.54 | 16.10 | |
| Mirae Asset Focused Fund Regular - Growth | 7,649.83 | 6.46 | 8.91 | 2.27 | 14.49 | 14.05 | |
| Mirae Asset Nifty 50 ETF - Growth | 4,532.05 | 4.66 | 8.85 | 6.38 | 12.12 | 17.70 | |
| Mirae Asset Great Consumer Fund Regular-Growth | 4,117.11 | 3.74 | 9.52 | 0.92 | 7.95 | 21.27 | |
| Mirae Asset Multicap Fund Regular - Growth | 3,481.59 | 6.25 | 11.54 | 3.48 | 8.99 | - |
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About Mirae Asset Nifty IT ETF - Growth
1. Mirae Asset Nifty IT ETF is Open-ended Sectoral-Technology Equity scheme which belongs to Mirae Asset Mutual Fund House.
2. The fund was launched on Oct 20, 2023.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate returns, before expenses, that are commensurate with the performance of the Nifty IT Total Return Index, subject to tracking error. "
2. It is benchmarked against NIFTY IT Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.88% in equities, 0.0% in debts and 0.12% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 100.02% of the assets, the top 3 sectors constitute around 99.88% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Mirae Asset Nifty IT ETF - Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
1. Mirae Asset Nifty IT ETF is Open-ended Sectoral-Technology Equity scheme which belongs to Mirae Asset Mutual Fund House.
2. The fund was launched on Oct 20, 2023.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate returns, before expenses, that are commensurate with the performance of the Nifty IT Total Return Index, subject to tracking error. "
2. It is benchmarked against NIFTY IT Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.88% in equities, 0.0% in debts and 0.12% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 100.02% of the assets, the top 3 sectors constitute around 99.88% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Mirae Asset Nifty IT ETF - Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
FAQs about Mirae Asset Nifty IT ETF - Growth
- Is it safe to invest in Mirae Asset Nifty IT ETF?As per SEBI’s latest guidelines to calculate risk grades, investment in the Mirae Asset Nifty IT ETF comes under Very High risk category.
- What is the category of Mirae Asset Nifty IT ETF?Mirae Asset Nifty IT ETF belongs to the Equity : Sectoral-Technology category of funds.
- How Long should I Invest in Mirae Asset Nifty IT ETF?The suggested investment horizon of investing into Mirae Asset Nifty IT ETF is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Mirae Asset Nifty IT ETF?The Mirae Asset Nifty IT ETF is managed by Ritesh Patel (Since Mar 12, 2025) and Ekta Gala (Since Oct 13, 2023).
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