Mirae Asset Nifty Total Market Index Fund(IDCW)

Ticker: mf17619
Decent 68/100

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Business Overview

The Mirae Asset Nifty Total Market Index Fund (IDCW) is a passive investment vehicle designed to replicate the performance of the Nifty Total Market Index. It is ideal for investors seeking broad exposure to the Indian equity market without the need for active management. This fund matters as it provides diversification across various sectors and market capitalizations, making it a suitable choice for long-term wealth creation.

  • Passive investment strategy for hassle-free management
  • Broad exposure to diverse sectors of the Indian economy
  • Ideal for long-term investors seeking growth
  • Low expense ratio compared to actively managed funds
  • Suitable for both new and seasoned investors

Investment Thesis

Mirae Asset Nifty Total Market Index Fund (IDCW) stands out due to its robust promoter credibility, positioning it as a trustworthy investment choice. The fund is well-placed to capitalize on the digital services growth trajectory in India, while its attractive valuation compared to peers makes it an appealing option for long-term investors.

  • Strong backing from Mirae Asset, a reputable financial institution.
  • Exposure to a diverse range of sectors through the Nifty Total Market Index.
  • Significant growth potential in India's digital services sector.
  • Attractive valuation compared to similar funds, enhancing return prospects.
  • Ideal for investors seeking diversified, long-term growth in a single fund.

Opportunity vs Risk

Opportunities
  • Diversified exposure to Indian equities
  • Potential for long-term capital growth
  • Low expense ratio benefits
  • Increasing retail investor participation
  • Tax-efficient investment option
Risks ⚠️
  • Market volatility impacts returns
  • Sector concentration risks
  • Economic slowdown effects
  • Regulatory changes in mutual funds
  • Performance linked to index fluctuations

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 ETF. A sustained growth acceleration in underlying sectors could trigger a rerating.
📊 Stock Investment Checklist (100 Points)
Mirae Asset Nifty Total Market Index Fund(IDCW) • Updated: 2025-10-01 15:09:51
  • 10
    Business
    High
    The fund is invested in a diversified portfolio of stocks across sectors, indicating a future-ready approach.
  • 10
    Growth
    High
    The index has shown consistent revenue and profit growth across its constituents.
  • 10
    Profitability
    High
    ROE and ROCE metrics are healthy, but cash flow is slightly below expectations.
  • 8
    Valuation
    High
    Valuation ratios are in line with peers, indicating fair pricing.
  • 7
    Balance
    High
    The fund maintains a strong balance sheet with low debt levels.
  • 6
    Governance
    Good
    Promoter holding is stable, but there are minor concerns regarding disclosures.
  • 5
    Drivers
    Good
    Growth drivers are present, but execution risks remain due to market volatility.
  • 5
    Technicals
    Good
    Market sentiment is neutral with moderate liquidity.
Final Score & Verdict
Score 68 / 100 • Decent
The Mirae Asset Nifty Total Market Index Fund presents a decent investment opportunity with a diversified portfolio and consistent growth, though some risks and governance concerns should be monitored.