Bringing you live news and features since 2006 

Mirae Asset Mutual Fund launches Mirae Asset Nifty 100 Low Volatility 30 ETF in India

RELATED TOPICS​

Mirae Asset Mutual Fund in India has announced the launch of Mirae Asset Nifty 100 Low Volatility 30 ETF. Mirae Asset ETF is a part of Mirae Asset Mutual Fund and is used for ETFs managed by Mirae Asset Investment Managers (India) Private Limited.

The fund will be managed by the fund manager, Ekta Gala of Mirae Asset Mutual Fund.  During the NFO, an investor can invest a minimum of INR5,000 or any quantum above that in multiples of Re.1.

The firm writes that the Nifty100 Low Volatility 30 Index is a Smart Beta ETF that aims to measure the performance of the low volatile securities in the large market capitalisation segment. The firm says that Smart Beta ETFs aim to potentially combine the benefits of both active and passive investing. “Smart Beta ETFs are gaining popularity across the globe as they kind of have the potential to generate alpha by using different factors,” the firm writes.

Nifty 100 Low Volatility 30 index seems to have done well in the time of market distress, the firm says, adding that in the short-term it may be used as an investment during the time of a bear market or a choppy market.

In the long-term it can be potentially used for investment as the Nifty 100 Low Volatility 30 Index has generated higher risk-adjusted returns over a longer horizon.

It has relatively lower drawdown compared to a broad market as well as other factor indices

Provides alternate sectorial exposure which is different from the Nifty 100 Index.

Siddharth Srivastava, Head – ETF Product & Fund Manager, Mirae Asset Investment Managers (India) Pvt. Ltd. Says: “Smart beta strategies typically capture factor exposures using systematic, rules-based approaches cost-effectively. Nifty 100 Low Volatility 30 Index aims to generate better risk-adjusted return over a longer horizon and provides alternate sectorial exposure. This fund may be used by investors who are cautious about portfolio volatility, and downside risk and are keen to generate long-term wealth with relatively lower risk.”

Latest News

The August data from LSEG Lipper shows that the global ETF industry held USD10,547.4 billion in assets under management on..
HANetf has announced that their European Green Deal UCITS ETF (ticker: EUGD) has reached USD52 million (EUR49.9 million) in assets..
Legal & General Investment Management (LGIM) has announced the launch of the L&G Global Brands UCITS ETF. The firm writes..
Vienna Stock Exchange has launched three new thematic indices: CECE Reshoring, CECE Commodity Producers and CECE Clean Energy, writing that..

Related Articles

John Ciampaglia, Sprott Asset Management
Geo-political tensions and concerns about hitting clean energy targets have brought the focus back onto nuclear power in recent months,...
Nick King, Robeco
Europeam investment management giant Robeco has announced the appointment of Nick King as Head of Exchange Traded Funds (ETFs), in...
Kristof Gleich, Harbor Capital
Harbor Capital burst onto the ETF issuance world in 2021 and now has USD1.1 billion in assets in ETFs. But...
Europe’s thematic ETF provider, Rize ETF, has been acquired by ARK Invest LLC, the parent of ARK Investment Management LLC,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by