Fundalysisby DARKHORSESTOCKS

Scheme

Mirae Asset Nifty50 Equal Weight ETF

Holds 50 companies worth ₹199 Cr in Sept 2026.

  • Fund house

    MiraeThe fund house that runs this scheme.

  • AUM

    ₹199 CrMirae Asset Nifty50 Equal Weight ETF's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 5.3% on Aug 2026, ₹210 Cr.

  • Largest holding

    Kotak Mahindra Bank LimitedKotak Mahindra Bank Limited is 2.1% of this scheme's NAV.

  • Fund manager

    Ekta GalaRuns it since 9 May 2025, as the fund house dates it. With Akshay Udeshi (fund manager).

Overview(23 Mar 2026)

Fund managers2

  1. Ekta GalaFund manager · May 2025 · 9y · B.Com
  2. Akshay UdeshiFund manager · May 2025 · 7y · MBA B.E.

    Key facts

    Benchmark
    Nifty50 Equal Weight TRI (Total Return Index)
    Risk
    Very High
    Expense
    Regular 0.12% · Direct 0%
    Exit load
    Nil
    Started
    9 May 2025
    Minimum
    On exchange in multiple of 1 unit. With AMC: In multiples of 5,000 units

    Source.Its Scheme Summary Document as of 23 Mar 2026 at AMFI.

    What changed(3 changes)

    Mar 2026

    1 change
    1. Expense ratio
      20 MarRegular 0.11% → 0.12%

    Sept 2025

    1 change
    1. Expense ratio
      22 SeptRegular 0.1% → 0.11%

    Jun 2025

    1 change
    1. Expense ratio
      24 JunRegular 0.07% → Regular 0.1% · Direct 0%

    Source.Its filings at NSE, since May 2025.

    Fund managers over time(May 2025 – now)

    1. Ekta Gala
    2. Akshay Udeshi
    MainCoSlice2026
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(May 2025 – Mar 2026)

    Every change to the expense ratio, newest first.
    4 changesRegularDirectΔ pt
    20 Mar 20260.12%0.00%0
    22 Sept 20250.11%0.00%0
    24 Jun 20250.10%0.00%–
    16 May 20250.07%––
    Direct plan, 20 Mar 2026
    0.00%
    Regular plan 0.12% · Exit load nil
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

    Objective and risk(23 Mar 2026)

    Objective

    The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty50 Equal Weight Total Return Index, subject to tracking error. The Scheme does not guarantee or assure any returns. There is no assurance that the investment objective of the scheme will be achieved.

    Risk, type and benchmark

    Riskometer
    Very High
    At launch
    Very High
    Type
    An open-ended scheme replicating/tracking Nifty50 Equal Weight Total Return Index)
    Benchmark
    Nifty50 Equal Weight TRI (Total Return Index)

    Asset allocation it may hold% of NAV

    1. Securities included in the Nifty50 Equal Weight Index
      Allowed95–100%
    2. Money market instruments* including Tri Party REPO/ debt securities, Instruments and/or units of debt/liquid schemes of domestic Mutual Funds
      Allowed0–5%Holds0.0%

    Holds in Sept 2026.100.0% equity

    How to invest(23 Mar 2026)

    Buying

    To start
    On exchange in multiple of 1 unit. With AMC: In multiples of 5,000 units
    Most
    Any Amount

    Selling and switching

    Scheme details(23 Mar 2026)

    What it is

    Category
    Other Schemes - Exchange Traded Fund (ETF)
    Offer
    30 Apr 2025 to 6 May 2025
    Started
    9 May 2025
    Reopened
    12 May 2025
    Plans
    Regular Plan - Growth
    Face value
    ₹10
    Listed
    NSE & BSE

    How it is run

    Swing pricing
    No
    Side-pocketing
    No
    Custodian
    SBI – SG Securities Pvt. Ltd., Mumbai
    Auditor
    M/s. Chokshi & Chokshi
    Registrar
    KFIN Technologies Limited
    SEBI code
    MIRA/O/O/EET/25/04/0082