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Mirae Asset Nifty 50 ETF
(An open ended scheme replicating/tracking Nifty 50 Index)

Participate in India's Growth

Investment Objective

The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty 50 Index, subject to tracking error. The Scheme does not guarantee or assure any returns.

Transaction options available for investors

Subscription Process Features
Through Stock Exchange Online terminal/ stock broker
  • Can trade as less as 1 Units
  • Funding to be done on T+1
  • Unit credit on T+2
  • Transaction on Exchange traded price
  • No paper work
  • Transaction on order matching and availability of quotes
Through AMC (Authorized Participants & Large Investors) Transaction form with requisite documents
  • Can transact in multiplies of creation unit size
  • Can happen in Cash or basket of stocks
  • Transaction in exchange of portfolio deposit & Cash component
Redemption Process Features
Through Stock Exchange Online Terminal/ Stock broker
  • Can trade as less as 1 Unit
  • Units taken on T+1
  • Amount Credited T+2
Through AMC (Authorized Participants & Large Investors) Redemption Request
  • Can trade in multiples of creation unit size
  • Can happen in cash or basket of stocks
  • Transaction in exchange of portfolio deposit & cash component
Acceptance of Direct Redemption Investors other than Authorized Participants can redeem units directly with the Fund for less than Creation Unit size at Applicable NAV based prices of units without any exit load if:
  • The closing traded price of the units of the Scheme is at a discount of more than 3% to the day end NAV for 30 consecutive trading days; or
  • Discount of bid price to day end NAV over a period of 7 consecutive trading days is greater than 3%, or
  • There are no quotes or trades available on the Stock Exchange(s) for 3 Scheme Information Document - Mirae Asset Nifty 50 ETF 6 consecutive trading days, or
  • Total bid size on the exchange is less than half of Creation Units size daily, averaged over a period of 7 consecutive trading days.
Under these circumstances, investors, as specified above, can redeem units of the Scheme directly with the fund house without any payment of exit load. In case of redemptions by NRIs, requisite TDS will be deducted from the respective redemption proceeds

Why Nifty 50

  • The scheme follows the Nifty 50 Index, which is the fagship index of the National Stock Exchange of India Limited (NSE) and includes the top 50 most liquid bluechip stocks.
  • It covers stocks of some of India's largest companies present across major sectors of the economy.
  • It is a reflection of the Indian stock market.
  • It is a widely-used benchmark for mutual fund schemes.

Benefits of investing in ETF:

  • Ease of transaction - Can be easily bought / sold like any other stock on the exchange through terminals spread across the country
  • Ease of Liquidity - Can be bought / sold anytime during market hours (subject to availability of buyer/seller) at prices prevailing in the market. Thus, investor transacts at real-time prices.
  • Low Cost - ETFs are generally the most cost efficient way of investing with expense ratio being generally lower than that of active funds.
  • Passive Index outperforms Large cap Funds - 88% of the large cap equity funds have underperformed the S&P BSE 100 Index over 1 year period ended 30th June 2018. Over the 3 year and 10 year period ending June 2018, 78% and 63% of the large cap equity funds have underperformed the same benchmark. ETF Funds which track performance of the index (subject to tracking error), can be a suitable investment option for investors.
Source: SPIVA@ India Scorecard, June, 2018.

Mirae Asset Advantage -Mirae Asset Group globally manages 30 billion USD of ETFs and has developed expertise in managing passive funds across various markets.

Product Labelling MAHF
Net Asset Value(NAV): 18/10/2019
Mirae Asset Nifty 50 ETF 118.075

Subscribe to NAV by Email

ETF iNAV updated as on 12/09/2019 02:43 PM
Mirae Asset Nifty 50 ETF iNAV 111.2604

Fund Information
Fund Manager Ms. Bharti Sawant
Benchmark Index Nifty 50 TRI (Total Return Index)
Liquidity Facility The Units of the ETF will be listed on the National Stock Exchange of India Ltd. (NSE) /BSE Limited (BSE).
Authorized Participants and Large Investors can directly subscribe to/ redeem MAN50ETF Units on all Business Days with the Fund in 'Creation Unit Size' on an ongoing basis.
Creation Unit size The Creation Unit size for the scheme shall be 50,000 units and 1 Unit will be approximately equal to 1/100th of the value of Nifty 50 Index.
Minimum Application Amount & Minimum Additional Application Amount : During NFO Period: Rs. 5,000 per application and in multiples of Re. 1 thereafter.
On an on-going Basis:

Authorized Participants /Large Investors: Application for subscription of the Units in Creation Unit Size can be made either:

  • In exchange of Cash*[as determined by the AMC equivalent to the cost incurred towards the purchase of predefined basket of securities that represent the underlying index (i.e. Portfolio Deposit)], Cash component and other applicable transaction charges; or
  • in exchange of Portfolio Deposit [i.e. by depositing basket of securities constituting Nifty 50 Index] along with the cash component and applicable transaction charges.
New Fund Offer Price: During the New Fund Offer, the Units being offered at the face value of 1/100th Value of underlying Index as on date of Allotment of Units.
Plans Available The Scheme does not offer any Plans/Options for investment.
Exit Load For Creation Unit Size: No Exit load will be levied on redemptions made by Authorized Participants / Large Investors directly with the Fund in Creation Unit Size.
For other than Creation Unit Size: Not Applicable -The Units of MAN50ETF in other than Creation Unit Size cannot ordinarily be directly redeemed with the Fund. These Units can be redeemed (sold) on a continuous basis on the Exchange(s) where it is listed during the trading hours on all trading days.
Other Details Authorized Participants -
  1. Edelweiss Securities Limited
    Edelweiss House, Off C.S.T. Road, Kalina, Mumbai - 400098.
    Exchange Listed - NSE / BSE
  2. East India Securities Limited
    10/1D, Lal Bazaar Street, 3rd Floor, Mercantile Building, Kolkata - 700001
    Exchange Listed - NSE / BSE
  3. Mirae Asset Capital Markets (India) Private Limited
    506, Windsor Bldg, Off CST Road, Kalina, Santacruz (E), Mumbai - 400 098.
    Exchange Listed - NSE / BSE

NSE Symbol - MAN50ETF
BSE Code - 542131M
Bloomberg Code - MAN50ETF IN Equity
Reuters Code - MIRA.NS / MIRA.BO