Mirae Asset Nifty Total Market Index Fund
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Business Overview
The Mirae Asset Nifty Total Market Index Fund is a passive investment option designed to track the performance of the Nifty Total Market Index. This fund is ideal for investors seeking broad market exposure with lower costs. It allows you to invest in a diversified portfolio of large, mid, and small-cap stocks, making it suitable for both new and seasoned investors. With its focus on long-term growth, this fund is a smart choice for those looking to build wealth steadily over time.
- Tracks the Nifty Total Market Index
- Offers diversified exposure to Indian equities
- Suitable for both new and experienced investors
- Low-cost passive investment option
- Focus on long-term wealth creation
Investment Thesis
Mirae Asset Nifty Total Market Index Fund stands out due to its strong promoter credibility, robust digital services growth potential, and attractive valuation compared to peers. This fund offers a diversified exposure to the Indian market, making it a compelling choice for retail investors seeking long-term capital appreciation.
- Backed by Mirae Asset, a reputable and trusted financial services group.
- Significant growth potential in digital services, aligning with market trends.
- Valuation metrics indicate an attractive entry point compared to competitors.
- Diversified exposure to the entire Indian equity market enhances risk-adjusted returns.
- Ideal for investors looking for passive investment strategies with growth potential.
Opportunity vs Risk
- Diversified exposure to Indian equities
- Low expense ratio for investors
- Potential for long-term capital growth
- Access to large and mid-cap stocks
- Market volatility can affect returns
- Economic downturns impact performance
- Limited control over individual stocks
- Regulatory changes may affect funds
Peer Perspective
Mirae Asset Nifty Total Market Index Fund trades at a slight premium compared to peers like SBI Nifty Index Fund and HDFC Nifty 50 Index Fund; a sustained growth acceleration could trigger a rerating.
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10BusinessHighThe fund is invested in a diversified portfolio across sectors, indicating a future-ready approach.
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10GrowthHighThe underlying index has shown consistent revenue and profit growth over the years.
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10ProfitabilityHighROE and ROCE are satisfactory, but OCF vs Net Profit shows some volatility.
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8ValuationHighValuation metrics like P/E and P/B are in line with peers, suggesting fair pricing.
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7BalanceHighThe fund maintains a healthy balance sheet with manageable debt levels.
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6GovernanceGoodPromoter holding is strong, but there are some concerns regarding disclosures.
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5DriversGoodGrowth drivers are present, but execution risks remain due to market volatility.
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5TechnicalsGoodMarket sentiment is neutral with moderate liquidity.