Mirae Asset Nifty Financial Services ETF (NSE:BFSI)
India · Delayed Price · Currency is INR | Assets | n/a |
| Expense Ratio | 0.12% |
| PE Ratio | 16.29 |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Ex-Dividend Date | n/a |
| Payout Frequency | n/a |
| Payout Ratio | n/a |
| 1-Year Return | +1.14% |
| Volume | 847,622 |
| Open | 27.19 |
| Previous Close | 27.48 |
| Day's Range | 27.15 - 27.47 |
| 52-Week Low | 24.03 |
| 52-Week High | 29.94 |
| Beta | 1.07 |
| Holdings | 22 |
| Inception Date | Jul 30, 2021 |
About BFSI
This Mirae Asset Nifty Financial Services ETF employs a passive investment approach, designed to mirror the performance of the Nifty Financial Services Index. It achieves this by investing in the index's constituent securities in corresponding proportions. The core objective of its strategy is to minimize tracking error, which is accomplished through regular portfolio rebalancing. This rebalancing process carefully considers any shifts in the index's stock weightings, alongside the fund's inflows and outflows. Furthermore, to maintain necessary liquidity, a portion of the scheme's assets may be allocated to debt and money market instruments.
Performance
BFSI had a total return of 1.14% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.98%.
Top 10 Holdings
84.25% of assets| Name | Symbol | Weight |
|---|---|---|
| HDFC Bank Limited | HDFCBANK | 17.84% |
| ICICI Bank Limited | ICICIBANK | 13.56% |
| Axis Bank Limited | AXISBANK | 10.27% |
| Kotak Mahindra Bank Limited | KOTAKBANK | 9.37% |
| State Bank of India | SBIN | 9.02% |
| Bajaj Finance Limited | BAJFINANCE | 8.05% |
| BSE Limited | BSE | 5.61% |
| Shriram Finance Limited | SHRIRAMFIN | 4.40% |
| Bajaj Finserv Ltd. | BAJAJFINSV | 3.41% |
| SBI Life Insurance Company Limited | SBILIFE | 2.72% |