The scheme is an open ended exchange traded fund that will track/replicate the underlying Nifty Next 50 Total Return Index. The Index consists of 50 companies listed on the National Stock Exchange, that are a part of Nifty 100 Index, but not the Nifty 50 Index. The fund is the second ETF offered by the AMC, the first being Mirae Asset Nifty 50 ETF.
Features of Mirae Asset Nifty Next 50 ETF
- The fund aims to approximately imitate the performance of the Nifty Next 50 Total Return Index, before counting in any expenses or management cost, subject to tracking error.
- Since it is an Exchange Traded Fund, it offers high liquidity as the fund units can be traded on the stock exchanges across India, provided you have a demat account.
- The underlying Nifty Next 50 Index mirrors the performance of Indian Stock Market, any large fluctuation in this index reflects the larger market movement.
Why should you invest in Mirae Asset Nifty Next 50 ETF?
- The underlying Nifty Next 50 Index is well diversified , and gives an attractive opportunity to investors who want to capitalize from the rising growth and optimal returns of the future blue chip companies.
- The Index has delivered higher returns than the Nifty 50 Index in the long term investment horizon ( say 7 to 10 years), and better returns than Nifty Mid Cap 100 Index across all investment horizons.
- Since this fund is passively managed by Ms. Bharti Sawant mutual fund scheme, it has a low expense ratio.
Who should invest in Mirae Asset Nifty Next 50 ETF?
- Investors looking to invest in capital markets and earn high returns from the same can opt for this fund, provided you have a high risk appetite.
- If you want an investment avenue which offers high liquidity, you can consider this fund for investment, as the units of the fund can be traded National Stock Exchange and Bombay Stock Exchange.
- This fund is recommended to individuals who have a long term investment horizon, as the returns are quite volatile in the short run, owing to high market fluctuations.
Here is the list of some of the recommended Mirae mutual fund schemes:
| Scheme Name | 1Y Return | 3Y Return | 5Y Return |
| Mirae Asset Great Consumer Fund -Direct Growth | 16.45% | 20.08% | 13.87% |
| Mirae Asset Tax Saver Fund – Direct Growth | 18.66% | 19.48% | – |
| Mirae Asset Emerging Bluechip Fund – Direct Growth | 18.47% | 17.68% | 17.55% |
| Mirae Asset India Equity Fund – Direct Growth | 16.30% | 16.80% | 12.74% |
| Mirae Asset Tax Saver Fund – Regular Growth | -3.60% | 12.78% | – |
| Mirae Asset Emerging Bluechip Fund- Regular Growth | -2.61% | 11.50% | 16.83% |
| Mirae Asset Great Consumer Fund -Regular Plan | -8.89% | 10.30% | 11.14% |
| Mirae Asset Cash Managment Fund Fund Direct Dividend | 7.38% | 7.07% | 7.50% |
| Mirae Asset Cash Management Fund Growth | 7.31% | 6.98% | 7.31% |
| Mirae Asset Cash Managment Fund -Direct Growth | 6.86% | 6.97% | 7.33% |
| Mirae Asset Savings Fund – Direct Growth | 7.53% | 6.87% | 7.37% |
| Mirae Asset Savings Fund – Regular Plan Growth | 6.58% | 6.30% | 6.61% |
| Mirae Asset Dynamic Bond Fund – Direct Growth | 14.05% | – | – |
| Mirae Asset Dynamic Bond Fund – Regular Growth | 13.28% | – | – |
| Mirae Asset Healthcare Fund – Direct Growth | 5.28% | – | – |
| Mirae Asset Healthcare Fund – Regular Growth | – | – | – |
| Mirae Asset Savings Fund Super Institutional Bonus | NA | – | – |
| Mirae Asset Short Term Fund – Direct Growth | 10.95% | – | – |
| Mirae Asset Nifty 50 ETF Regular Growth | – | – | – |
| Mirae Asset Fucused Fund – Direct Growth | – | – | – |
| Mirae Asset Midcap Fund – Regular Dividend | – | – | – |
| Mirae Asset Short Term Bond Fund – Direct Growth | – | – | – |
| Mirae Asset Short Term Fund – Regular Dividend | 9.32% | – | – |