Investment objective
The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty Metal Total Return Index, subject to tracking error. The Scheme does not guarantee or assure any returns. There is no assurance that the investment objective of the scheme will be achieved.
Why invest in Mirae Asset Nifty Metal ETF?
India ranks amongst top 5 producers of metals including: Aluminium, Steel and Iron etc.
Going forward, as the demand for metals is rising, Indian steel exports are expected to grow by more than 3x till 2050.
Nifty Metal Index provides exposure to 15 stocks from Indian Metals and Mining sector, listed in National Stock Exchange. The index consists of companies involved in extraction, processing and distribution of metals including iron ore, steel, aluminium, zinc, copper etc.
Increasing government incentives through Steel PLI scheme is likely to generate investment of ~INR 30,000 Cr in metal sector. Infrastructural developments in India are also likely to contribute to more than 25% of metal demand in the coming decade. Looking at thriving demand for metals, investors seeking to gain exposure to expanding Indian metal industry may invest in Nifty Metal Index.
Source:
NSE Indices Limited, data as on Aug 31, 2024, Past performance may or may not sustain in future. The data shown above pertains to the index and does not in manner indicate performance of any scheme of the Fund. Request you to consult your financial advisor or distributor before making investment Historical.
(source: miraeassetmf.co.in)
Mirae Asset Nifty Metal ETF Details:
| Mutual Fund | Mirae Asset Mutual Fund |
| Scheme Name | Mirae Asset Nifty Metal ETF |
| Objective of Scheme | The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty Metal Index, subject to tracking error. The Scheme does not guarantee or assure any returns. There is no assurance that the investment objective of the scheme will be achieved. |
| Scheme Type | Open Ended |
| Scheme Category | Other Scheme – Other ETFs |
| New Fund Launch Date | 20-Sep-2024 |
| New Fund Earliest Closure Date | |
| New Fund Offer Closure Date | 30-Sep-2024 |
| Indicate Load Seperately | NIL |
| Minimum Subscription Amount | Rs. 5,000 and in multiples of Re. 1/- thereafter. |
| For Further Details Please Visit Website | https://www.miraeassetmf.co.in |
(source: amfiindia)
Mirae Asset Nifty Metal ETF
Application Form
Scheme Documents
(source:miraeassetmf.co.in)
Mirae Asset Nifty Metal ETF Riskometer:
