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About MIRAEAMC - EVINDIA
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Inception date
Jul 10, 2024
Structure
Open-Ended Fund
Replication method
Physical
Primary advisor
Mirae Asset Investment Managers (India) Pvt Ltd.
ISIN
INF769K01LQ3
The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty EV and New Age Automotive Total Return Index, subject to tracking err. The Scheme does not guarantee or assure any returns.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Consumer Durables
Producer Manufacturing
Technology Services
Stocks100.00%
Consumer Durables37.64%
Producer Manufacturing36.16%
Technology Services10.08%
Process Industries8.41%
Energy Minerals4.36%
Commercial Services2.54%
Non-Energy Minerals0.80%
Bonds, Cash & Other0.00%
Cash0.00%
Stock breakdown by region
Asia100.00%
North America0.00%
Latin America0.00%
Europe0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
EVINDIA invests in stocks. The fund's major sectors are Consumer Durables, with 37.64% stocks, and Producer Manufacturing, with 36.16% of the basket. The assets are mostly located in the Asia region.
EVINDIA top holdings are Mahindra & Mahindra Ltd. and Maruti Suzuki India Limited, occupying 8.54% and 8.24% of the portfolio correspondingly.
No, EVINDIA doesn't pay dividends to its holders.
EVINDIA shares are issued by Mirae Asset Global Investments Co., Ltd. under the brand Mirae Asset. The ETF was launched on Jul 10, 2024, and its management style is Passive.
EVINDIA expense ratio is 1.00% meaning you'd have to pay 1.00% of your investment to help manage the fund.
EVINDIA follows the Nifty EV and New Age Automotive Total Return Index - INR - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
EVINDIA invests in stocks.
EVINDIA price has risen by 5.75% over the last month, and its yearly performance shows a −11.29% decrease. See more dynamics on EVINDIA price chart.
NAV returns, another gauge of an ETF dynamics, showed a 10.72% increase in three-month performance and has decreased by −1.48% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 10.72% increase in three-month performance and has decreased by −1.48% in a year.
EVINDIA trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.