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About Mirae Asset Nifty Metal ETF Exchange Traded Fund Units
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Inception date
Oct 9, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Capitalizes
Primary advisor
Mirae Asset Investment Managers (India) Pvt Ltd.
ISIN
INF769K01LY7
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 err. The Scheme does not guarantee or assure any returns. There is no assurance that the investment objective of the scheme will be achieved.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Non-Energy Minerals
Stocks99.52%
Non-Energy Minerals88.94%
Distribution Services8.90%
Producer Manufacturing1.68%
Bonds, Cash & Other0.48%
Cash0.48%
Stock breakdown by region
Asia100.00%
North America0.00%
Latin America0.00%
Europe0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
METALFUND invests in stocks. The fund's major sectors are Non-Energy Minerals, with 88.94% stocks, and Distribution Services, with 8.90% of the basket. The assets are mostly located in the Asia region.
METALFUND top holdings are Tata Steel Limited and Hindalco Industries Limited, occupying 19.44% and 15.51% of the portfolio correspondingly.
No, METALFUND doesn't pay dividends to its holders.
METALFUND shares are issued by Mirae Asset Global Investments Co., Ltd. under the brand Mirae Asset. The ETF was launched on Oct 9, 2024, and its management style is Passive.
METALFUND expense ratio is 1.00% meaning you'd have to pay 1.00% of your investment to help manage the fund.
METALFUND follows the Nifty Metal Index - INR - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
METALFUND invests in stocks.
METALFUND price has risen by 4.45% over the last month, and its yearly performance shows a 4.51% increase. See more dynamics on METALFUND price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 6.59% over the last month, showed a 5.19% increase in three-month performance and has increased by 13.55% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 6.59% over the last month, showed a 5.19% increase in three-month performance and has increased by 13.55% in a year.
METALFUND trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.