Mirae Asset Nifty Total Market Index Fund(IDCW)
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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
- Diversified exposure to Indian equities
- Potential for long-term capital growth
- Low expense ratio benefits
- Increasing retail investor participation
- Tax-efficient investment option
- 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.
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10BusinessHighThe fund is invested in a diversified portfolio of stocks across sectors, indicating a future-ready approach.
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10GrowthHighThe index has shown consistent revenue and profit growth across its constituents.
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10ProfitabilityHighROE and ROCE metrics are healthy, but cash flow is slightly below expectations.
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8ValuationHighValuation ratios are in line with peers, indicating fair pricing.
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7BalanceHighThe fund maintains a strong balance sheet with low debt levels.
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6GovernanceGoodPromoter holding is stable, but there are minor 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.