Mirae Asset Nifty India Manufacturing ETF FoF(IDCW)
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Business Overview
The Mirae Asset Nifty India Manufacturing ETF FoF (IDCW) is designed for investors looking to gain exposure to India's manufacturing sector through a diversified fund of funds approach. This ETF focuses on tracking the Nifty India Manufacturing Index, making it ideal for those seeking long-term growth in a robust industry. With the government's push for 'Make in India', this fund positions investors to benefit from the sector's expansion and innovation.
- Targeted exposure to India's manufacturing sector
- Ideal for long-term investors
- Diversified investment strategy
- Aligned with government initiatives like 'Make in India'
- Potential for capital appreciation and income generation
Investment Thesis
Mirae Asset Nifty India Manufacturing ETF FoF(IDCW) stands out due to its strong promoter credibility and robust backing from a reputable asset management firm. The fund taps into the burgeoning digital services sector, presenting a significant growth runway. Additionally, its attractive valuation compared to peers makes it a compelling choice for investors seeking exposure to India's manufacturing growth.
- Strong backing from Mirae Asset, a trusted name in asset management.
- Exposure to the growing digital services sector enhances growth potential.
- Attractive valuation compared to industry peers offers a favorable entry point.
- Diversified manufacturing exposure aligns with India's economic recovery.
- Ideal for investors looking for a balanced growth strategy in manufacturing.
Opportunity vs Risk
- Growing manufacturing sector in India
- Government initiatives boosting manufacturing
- Diversification through ETF investment
- Potential for long-term capital gains
- Access to top manufacturing companies
- Market volatility affecting returns
- Economic slowdown impacts manufacturing
- Regulatory changes in the sector
- Foreign investment fluctuations
- High competition in manufacturing space
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10BusinessHighManufacturing sector is essential for India's growth, but faces challenges.
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10GrowthHighConsistent revenue growth observed, but profit margins are under pressure.
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10ProfitabilityHighROE and ROCE are decent, but OCF is fluctuating.
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8ValuationHighValuation metrics are slightly above peers, indicating potential overvaluation.
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7BalanceHighDebt levels are manageable, but liquidity could improve.
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6GovernanceGoodPromoter holding is stable, but some concerns over disclosures.
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5DriversGoodGrowth drivers exist, but execution risks are significant.
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5TechnicalsGoodMarket sentiment is neutral with low liquidity.