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Mirae Asset Nifty Financial Services ETF NFO Opens: Should You Invest?
This Mirae Asset Nifty Financial Services tracking ETF is the first of the kind in the country tracking financial services index. The fund typically will guide its investors on the path to success by investing in sector i.e. integral to all of us i.e. the financial services including NBFC, capital markets, insurance etc.
NFO details:
NFO offer: Between 22 July and July 29
Open ended scheme tracking or replicating Nifty financial services total return index
Issue: will reopen for continuous repurchase and sale from August 3rd
Expense ratio : 13 basis point
Minimum investment: Rs. 5000 and in mutliples of Rs. 1 thereafter.
Why you may consider investing into Mirae Asset Nifty Financial Services ETF?
Through investment in this Nifty financial services ETF one will participate in the growth story of the most important sectors of the economy. Not to forget, financial services besides bank also includes underpenetrated segment such as the insurance which to be still tapped in the country like India for wider adoption.
Furthermore, ETF is said to be the cheapest available route for investment.
Returns of Nifty Financial services index
The index typically provides a good exposure to banks which is the backbone of the country.
| Index return | QTD | YTD | 1 year | 5 year | Since inception |
|---|---|---|---|---|---|
| Price Return | 4.63 | 8.13 | 55.69 | 17.57 | 17.34 |
| Total return | 5.01 | 8.54 | 56.63 | 18.31 | 18.68 |
The return from Nifty Financial Services during the 5-year time frame are higher than Nifty Bank and Nifty
Nifty financial services constituents with weightage
| Company's Name Weight(%) |
|---|
| Top constituents by weightage |
| HDFC Bank Ltd. 24.41 |
| Housing Development Finance Corporation 16.67 |
| ICICI Bank Ltd. 16.31 |
| Kotak Mahindra Bank Ltd. 9.35 |
| Axis Bank Ltd. 7.19 |
| State Bank of India 6.01 |
| Bajaj Finance Ltd. 5.97 |
| Bajaj Finserv Ltd. 2.73 |
| HDFC Life Insurance Company Ltd. 2.12 |
| SBI Life Insurance Company Ltd. 1.66 |
About Mirae Asset Fund:
As the fund or AMC shall aggregate investors' fund its credibility is highly important. So, here is nutshell about the fastest growing AMC in India. The company's asset base as per the website as on December 2020 are $554 billion.
Conclusion:
So in a case if you wish to participate in the country's financial industry's growth and are optimistic about it even as there can be a risk of higher NPAs after the SC relaxation, you as an aggressive and long term investor can invest in the Mirae Asset Nifty Financial Services ETF. "With the advent of new products and services backed by innovative technology, the scope of financial services has expanded significantly in the years to come, which makes it an investment option. Makes an attractive area to do", said the company's CEO.
Disclaimer:
Mutual fund investment are risky. Invest in them only your if your risk profile allows to target your financial goals over your life time.
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