Mirae Asset Nifty India New Age Consumption ETF
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Investing Reference
Trading Reference
AI Probability Statement
Probability Statement
The Mirae Asset Nifty India New Age Consumption ETF is currently trading near a strong support level, with recent price action showing bullish momentum as it approaches the 50-day EMA. If it breaks above the resistance level at 500, we could see a potential upside of 15% in the next 6–12 months. However, if it falls below the support level at 450, there could be a downside risk of 10%.
Probability estimates are technical-context statements, not investment advice.
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Business Overview
The Mirae Asset Nifty India New Age Consumption ETF is designed for investors looking to tap into the growth of India's evolving consumption landscape. This fund tracks the Nifty India New Age Consumption Index, focusing on sectors like e-commerce, digital services, and consumer goods. It offers a diversified exposure to companies leading the consumption revolution in India, making it ideal for both seasoned investors and newcomers. With a focus on innovation and growth, this ETF is a strategic choice for those aiming to benefit from India's economic transformation.
- Tracks Nifty India New Age Consumption Index
- Focuses on high-growth sectors like e-commerce
- Ideal for both seasoned and new investors
- Diversified exposure to leading consumption companies
- Aligns with India's economic transformation
- Offers a strategic investment opportunity.
Investment Thesis
Mirae Asset Nifty India New Age Consumption ETF offers a compelling investment opportunity backed by a strong promoter group known for credibility. With the digital services sector poised for significant growth, this ETF is well-positioned. Additionally, its attractive valuation compared to peers enhances its appeal for retail investors seeking long-term gains.
- Strong backing from Mirae Asset, a reputable financial institution.
- Exposure to rapidly growing digital services sector, driving consumption.
- Attractive valuation metrics compared to industry peers.
- Diversified portfolio targeting new-age consumption trends.
- Potential for robust long-term capital appreciation.
Opportunity vs Risk
- Growing consumer market in India
- Diversification through new-age companies
- Potential for high returns
- Increased digital consumption trends
- Government support for startups
- Market volatility affecting performance
- Regulatory changes impacting ETFs
- High competition in consumption sector
- Economic slowdown risks
- Dependence on tech adoption rates
Peer Perspective
Mirae Asset Nifty India New Age Consumption ETF trades at a slight premium compared to peers like Nippon India Consumption ETF and SBI Nifty Next 50 ETF; a stable margin and growth acceleration could trigger a rerating.
Future Outlook
Mirae Asset Nifty India New Age Consumption ETF is well-positioned to capitalize on India's growing consumer market, provided the management maintains strong execution and cost control strategies to navigate potential economic fluctuations.
AI FAQs for Retail Users
- Q: What is the Mirae Asset Nifty India New Age Consumption ETF?A: It is an exchange-traded fund that tracks the Nifty India New Age Consumption Index.
- Q: Who should consider investing in this ETF?A: Investors looking for exposure to the consumption sector in India may find this ETF suitable.
- Q: How can I buy shares of this ETF?A: You can purchase shares through a brokerage account, similar to buying stocks.
- Q: What are the risks associated with this ETF?A: Like all investments, it carries market risk and may fluctuate in value.
- Q: What is the expense ratio of this ETF?A: The expense ratio reflects the fund's management costs, typically detailed in the fund's prospectus.
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10BusinessHighThe sector is evolving with a focus on new-age consumption trends.
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10GrowthHighConsistent revenue growth observed in the underlying sectors.
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10ProfitabilityHighROE and ROCE are stable, but OCF needs improvement.
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8ValuationHighValuation metrics are slightly above peers, indicating caution.
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7BalanceHighDebt levels are manageable, but liquidity could be better.
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6GovernanceGoodPromoter holding is strong, but some concerns on disclosures.
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5DriversGoodGrowth drivers are present, but execution risks remain.
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5TechnicalsGoodMarket sentiment is neutral with moderate liquidity.
AI Confidence Score
Instead of just “overall score,” broken into categories:
- Business Strength: 75/100
- Growth Potential: 80/100
- Profitability: 70/100
- Governance: 65/100
- Market Confidence: 78/100