Mirae Asset Nifty EV and New Age Automotive ETF
Ticker: EVINDIA
Decent
68/100
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Investing Reference
Price
30.84
Market Cap
Debt/Equity
ROE %
PB
Promoter %
Pledge %
1Y Rev Growth %
5Y Rev Growth %
NP Margin %
NP Margin 5Y Avg %
Trading Reference
1M Return %
2.667
6M Return %
13.382
1Y Return %
-12.212
% Away 52W High
16.732
% Away 52W Low
29.417
Daily Volume
201444
Investment Verdict
Avoid
Score 0/100 · Position size: 0%
Fundamentals/valuations or risk flags are weak. Avoid for long-term investing.
Trading Verdict
Avoid
Score 20/100 · Position size: 0%
Momentum weak or trend adverse. Avoid trading at this point.
Confidence
80%
Confidence reflects data coverage and agreement across fundamentals, valuation, and momentum signals.
AI Probability Statement
Probability Statement
The Mirae Asset Nifty EV and New Age Automotive ETF is currently trading near a key support level, with recent volume trends indicating increased buying interest. If it breaks above the resistance level, there is potential for a moderate upside. However, if it fails to hold the support, a downside risk is present.
Upside Probability: 15% | Downside Probability: 10%
Probability estimates are technical-context statements, not investment advice.
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Business Overview
The Mirae Asset Nifty EV and New Age Automotive ETF is a strategic investment option designed for investors looking to capitalize on the burgeoning electric vehicle and new-age automotive sectors in India. This ETF offers exposure to a diversified portfolio of companies leading the charge in innovation and sustainability. It matters as it aligns with India's push towards green energy and modern transportation solutions, making it a timely choice for future-focused investors.
- Focuses on electric vehicles and new-age automotive companies
- Diversified exposure to leading industry players
- Supports India's transition to sustainable energy
- Ideal for long-term growth-oriented investors
- Managed by a trusted financial institution
Investment Thesis
Mirae Asset Nifty EV and New Age Automotive ETF stands out due to its strong promoter credibility and robust digital services growth potential. With attractive valuations compared to peers, it offers a compelling investment opportunity in the rapidly evolving electric vehicle and automotive sector.
- Backed by Mirae Asset, a reputable financial services group with a proven track record.
- Tapping into the burgeoning electric vehicle market, poised for exponential growth.
- Digital services integration enhances operational efficiency and customer engagement.
- Valuations remain attractive relative to industry peers, offering potential for upside.
- Strategic positioning in a future-ready sector aligns with global sustainability trends.
Opportunity vs Risk
Opportunities
- Growing EV market in India
- Government incentives for EV adoption
- Diversification in new age automotive sector
- Potential for high returns
- Increased consumer demand for green vehicles
Risks ⚠️
- Regulatory changes affecting EV policies
- High competition in the EV space
- Volatility in global oil prices
- Dependence on technology advancements
- Market sentiment fluctuations
Peer Perspective
Mirae Asset Nifty EV and New Age Automotive ETF trades at a slight premium compared to peers like ICICI Prudential Nifty Next 50 ETF and Nippon India Nifty 50 ETF; a sustained growth acceleration in EV adoption could trigger a rerating.
Future Outlook
Mirae Asset Nifty EV and New Age Automotive ETF shows potential for growth as the electric vehicle market expands, provided that companies maintain strong execution and effective cost control to navigate evolving challenges.
AI FAQs for Retail Users
- Q: What is the Mirae Asset Nifty EV and New Age Automotive ETF?A: It is an exchange-traded fund that invests in electric vehicles and new age automotive companies.
- Q: How can I invest in this ETF?A: You can invest through a brokerage account that offers access to exchange-traded funds.
- Q: What are the benefits of investing in this ETF?A: It provides exposure to the growing electric vehicle sector and diversification within the automotive industry.
- Q: What are the risks associated with this ETF?A: Risks include market volatility, sector-specific risks, and potential regulatory changes affecting the automotive industry.
- Q: Is this ETF suitable for long-term investment?A: It may be suitable for long-term investors interested in the electric vehicle sector's growth potential.
📊 Stock Investment Checklist (100 Points)
Mirae Asset Nifty EV and New Age Automotive ETF • Updated: 2025-09-17 03:42:02
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10BusinessHighThe sector is emerging with potential but lacks a clear moat.
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10GrowthHighRevenue growth is promising, but profit consistency is uncertain.
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8ProfitabilityHighROE and ROCE are below industry averages, cash flow is inconsistent.
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10ValuationHighValuation metrics are in line with peers but not compelling.
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6BalanceGoodDebt levels are manageable, but liquidity is a concern.
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7GovernanceHighPromoter holding is decent, but there are concerns about disclosures.
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5DriversGoodGrowth drivers exist, but execution risks are significant.
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5TechnicalsGoodMarket sentiment is mixed with low liquidity.
Final Score & Verdict
Score 68 / 100
• Decent
The ETF has potential in a growing sector, but risks and inconsistencies in profitability and governance warrant caution.
AI Confidence Score
Instead of just “overall score,” broken into categories:
- Business Strength: 70/100
- Growth Potential: 75/100
- Profitability: 65/100
- Governance: 60/100
- Market Confidence: 70/100