NFO Alert: Mirae Asset Mutual Fund launches Nifty50 Equal Weight ETF
has launched the New Fund Offer (NFO) for the
Mirae Asset Nifty50 Equal Weight ETF
, an open-ended scheme replicating/tracking the
Nifty50
Equal Weight Total Return Index. According to a release by the fund house, the
ETF
aims to offer investors equal-weighted exposure across all Nifty 50 stocks.
#Pahalgam Terrorist Attack
Pakistan's General Asim Munir is itching for a fight. Are his soldiers willing?
PM Modi chairs 'Super Cabinet' meeting after giving army 'full freedom'
India planning to launch military strike against Pakistan within 24 to 36 hours, claims Pak minister
The NFO is currently open for subscription and will close on May 6. The scheme will reopen for continuous sale and repurchase from May 12.
During the NFO period, the minimum initial investment is Rs 5,000, with subsequent investments in multiples of Re 1. The fund will be jointly managed by Ekta Gala and Akshay Udeshi.
Play Video
Pause
Skip Backward
Skip Forward
Unmute
Current Time
0:00
/
Duration
0:00
Loaded
:
0%
0:00
Stream Type
LIVE
Seek to live, currently behind live
LIVE
Remaining Time
-
0:00
1x
Playback Rate
Chapters
Chapters
Descriptions
descriptions off
, selected
Captions
captions settings
, opens captions settings dialog
captions off
, selected
Audio Track
Picture-in-Picture
Fullscreen
This is a modal window.
Beginning of dialog window. Escape will cancel and close the window.
Text
Color
White
Black
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Opaque
Semi-Transparent
Text Background
Color
Black
White
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Opaque
Semi-Transparent
Transparent
Caption Area Background
Color
Black
White
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Transparent
Semi-Transparent
Opaque
Font Size
50%
75%
100%
125%
150%
175%
200%
300%
400%
Text Edge Style
None
Raised
Depressed
Uniform
Drop shadow
Font Family
Proportional Sans-Serif
Monospace Sans-Serif
Proportional Serif
Monospace Serif
Casual
Script
Small Caps
Reset
restore all settings to the default values
Done
Close Modal Dialog
End of dialog window.
Best MF to invest
Looking for the best mutual funds to invest? Here are our recommendations.
View
Details
»
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Play War Thunder now for free
War Thunder
Play Now
Undo
Also Read |
MF Tracker: HDFC Small Cap Fund turns Rs 10,000 SIP to Rs 1.14 crore in 17 years
The Nifty50 Equal Weight Index assigns equal weight (~2%) to all Nifty 50 large-cap stocks, reducing concentration risk in individual stocks and offering better diversification. This structure gives relatively more weight to tail-end stocks, making the index more representative of broader market trends, the release noted.
Live Events
The index tends to exhibit cyclical performance—potentially outperforming during broad-based market rallies but underperforming during corrections or when markets are led by a few large-cap names.
'This ETF seeks to capitalise on opportunities in the large-cap segment during phases of broad-based economic growth, by providing equal opportunity to each company in the Nifty 50,' said Siddharth Srivastava, Head – ETF Products and Fund Manager, Mirae Asset Investment Managers (India).
Also Read |
Akshaya Tritiya: How gold ETFs performed in last 10 calendar years
Investors looking for more diversified exposure to Nifty 50 stocks—with lower concentration in top constituents and increased participation from tail stocks—may find this strategy appealing. It is particularly suited for periods of broad market participation, when gains are more evenly distributed across sectors and companies.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
6 minutes ago
- India.com
Chinese Foreign Minister Wang Yi To Arrive In India Today For Key Talks With EAM Jaishankar, NSA Doval Amid Trump Tariffs
Chinese Foreign Minister Wang Yi will begin his two-day visit to India on Monday, where he will hold a crucial bilateral meeting with External Affairs Minister (EAM) S. Jaishankar. However, the Chinese Foreign Minister's visit also assumes significance in view of increasing tensions in India-US relations following President Donald Trump doubling tariffs on Indian goods to 50 per cent, which included an additional penalty of 25 per cent for purchasing Russian oil. India and China are expected to discuss new confidence-building measures for durable peace and tranquillity along their contested border during Wang Yi's visit, which comes ahead of Prime Minister Narendra Modi's China trip later this month. The Chinese Foreign Minister's visit is largely seen as part of ongoing efforts by the two neighbours to rebuild their relationship after it came under severe strain following the deadly Galwan Valley clashes in 2020. Wang Yi will be in India primarily to hold a fresh round of Special Representatives (SR) dialogue on the boundary question with National Security Advisor Ajit Doval. Wang and Doval are the designated special representatives for the boundary talks. The Chinese Foreign Minister will arrive in New Delhi at around 4:15 p.m. on Monday. At 6 p.m., he will meet EAM Jaishankar for bilateral discussions. On Tuesday morning, Wang Yi is scheduled to hold a new round of the Special Representatives (SR) dialogue with NSA Doval at 11 a.m. The meetings could see both sides deliberate on a range of key issues, including the border situation, trade and resumption of flight services. The Chinese Minister will then call on Prime Minister Narendra Modi at his residence, 7 Lok Kalyan Marg, at 5:30 p.m. on Tuesday, according to the Ministry of External Affairs (MEA). The meeting assumes significance as it is taking place days before PM Modi's planned trip to China to attend the annual summit of the Shanghai Cooperation Organisation (SCO). Though the two sides disengaged troops from the friction points, they are yet to de-escalate the situation by pulling back the frontline forces from the border. Each side currently has around 50,000 to 60,000 troops along the LAC in the eastern Ladakh region. As per the plan, Prime Minister Modi will visit Japan around August 29 and then travel to the northern Chinese city of Tianjin for the SCO summit. NSA Doval travelled to China in December last year and held the SR talks with Wang Yi, weeks after Prime Minister Modi and Chinese President Xi Jinping decided to revive various dialogue mechanisms between the two sides at a meeting in the Russian city of Kazan. The military standoff in eastern Ladakh began in May 2020 and the clashes at the Galwan Valley in June that year resulted in a severe strain in bilateral ties. The decision to revive various dialogue mechanisms was taken at a meeting between Prime Minister Modi and Chinese President Xi in Kazan on October 23, 2024. The two sides also initiated several initiatives to rebuild ties, including the resumption of the Kailash Mansarovar Yatra and New Delhi restarting the issuance of tourist visas to Chinese nationals. Both sides are also discussing modalities to resume direct flight services between the two countries. The flight services between the two sides were suspended following the Covid-19 pandemic in 2020. It was not restored in view of the border row. Defence Minister Rajnath Singh and EAM Jaishankar visited China in the last two months to attend the SCO meetings.
New Indian Express
6 minutes ago
- New Indian Express
Land acquisition: Thirumangalam water scheme delayed by five months
MADURAI: Trouble with land acquisition has allegedly delayed the Rs 52.54-crore water scheme project of the Thirumangalam Municipality by five months. Commenced on January 1 last year, the project was initially scheduled for completion in July 2025; now, officials from the Water Resources Department expect the project to be over by December this year. Sources said drinking water is being supplied to the 20,000-odd households in Thirumangalam Municipality through two schemes -- Tamil Nadu Water Supply and Drainage (TWAD) Board's combined water scheme supplying 3.3 MLD from Cauvery river and local sources supplying 2.1 MLD from Vaigai river in Thiruvengadam. 'As we decided to develop our sources from the Vaigai river in Mullipallam, a special scheme was devised at a cost of Rs 52.54 crore, under the Kalaignar Urban Development Fund,' said an official from the Thirumangalam municipality. 'With Mullipallam just 25 kilometres away, the new project has the capacity to supply over 4.3 MLD, which will be plentiful for the next 10 years for the residents of the municipality. We are currently constructing five overhead tanks (OHTs) in the municipality.
New Indian Express
6 minutes ago
- New Indian Express
Omni bus owners allege illegal tax collection in Tamil Nadu
COIMBATORE: The All Omni Bus Owners and Operators Association alleged on Sunday that transport officers in the state are illegally collecting money from omni bus owners from both Tamil Nadu and other states under the guise of a special tax, despite them already paying the legally mandated road tax. The association's founder, A Pandiyan, stated that a bus with an all-India permit pays a road tax of Rs 90,000 to the central government every three months. Additionally, they pay road tax to their respective state governments based on the number of seats. He said that, according to law, no other taxes are required. Operators are also subjected to long checks at toll gates, causing delays in passenger drop-offs and affecting their business, he said. 'However, officers from the state transport department are collecting money from omni bus owners who are operating inter-state, from other states to Tamil Nadu and vice versa. They are doing so in the name of a special tax. They collect anywhere from `20,000 to `1 lakh, especially on holidays and during festival times,' Pandiyan alleged. Urging Transport Minister SS Sivasankar to intervene and put an end to this illegal practice, the association warned of a larger protest at the state transport department office in Chennai if the issue persists. When contacted, transport and road safety commissioner R Gajalakshmi told TNIE that she would look into this matter.
