Mirae Asset Mutual Fund has announced the launch of two New Fund Offers (NFOs) - Mirae Asset Nifty Energy ETF and Mirae Asset Nifty Smallcap 250 ETF.
The new fund offer or NFO of both the funds will open for subscription from October 31 and will close on November 4. The schemes will reopen for continuous sale and repurchase on November 10.
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Mirae Asset Nifty Energy ETF is an open-ended equity scheme tracking the Nifty Energy Total Return Index), and Mirae Asset Nifty Smallcap 250 ETF is an open-ended scheme tracking the Nifty Smallcap 250 Total Return Index. These products are designed to offer investors diversified exposure through a transparent, rule-based and relatively low-cost structure, according to a press release by the fund house.
The minimum initial investment during NF in both the funds is Rs 5,000 and in multiples of Re 1. The Mirae Asset Nifty Energy ETF will be jointly managed by Ekta Gala and Akshay Udeshi, while the Mirae Asset Nifty Smallcap 250 ETF will be jointly managed by Ekta Gala and Ritesh Patel.
The index maintains a balanced structure with roughly 50% allocation to Oil, Gas & Consumable Fuels, 25% to Power, and 25% to Capital Goods, thereby capturing both legacy energy producers and infrastructure enablers of India’s energy transition.
The fund aims to offer a strategic blend of stability and cyclicality, combining steady earnings from utilities with cyclical upside from oil, gas, and commodity-linked names. Tactical investors can also use this ETF to express views on the global commodity and China revival cycle, while long-term investors may see it as a complementary play to India’s structural power and energy infrastructure build-out. Together with the Mirae Asset Nifty Metal ETF, the Mirae Asset Nifty Energy ETF aims to provide investors a comprehensive way to capture India’s commodity and industrial upcycle through transparent and cost-efficient structure.
With this launch, Mirae Asset becomes among the few Asset Management Companies (AMCs) in India offering ETFs across all four-core market-cap segments, namely Nifty 50, Nifty Next 50, Nifty Midcap 150, and Nifty Smallcap 250, alongside Nifty 500 Multicap 50:25:25 indices, thereby enabling complete coverage across the market-capitalization spectrum, the release said.
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“These ETFs further strengthen our product basket across two key segments of the Indian equity market. Mirae Asset Nifty Energy ETF provides diversified exposure to the entire value chain of India’s energy sector, while Mirae Asset Nifty Smallcap 250 ETF offers comprehensive coverage of to small-cap companies within the Nifty 500 universe. Both ETFs enable investors to take tactical positions in their respective segments efficiently, or to build long-term, low-cost, and diversified passive exposure to two vital segments of the market.” said Siddharth Srivastava, Head - ETF Products & Fund Manager, Mirae Asset Investment Managers (India).
The new fund offer or NFO of both the funds will open for subscription from October 31 and will close on November 4. The schemes will reopen for continuous sale and repurchase on November 10.
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Mirae Asset Nifty Energy ETF is an open-ended equity scheme tracking the Nifty Energy Total Return Index), and Mirae Asset Nifty Smallcap 250 ETF is an open-ended scheme tracking the Nifty Smallcap 250 Total Return Index. These products are designed to offer investors diversified exposure through a transparent, rule-based and relatively low-cost structure, according to a press release by the fund house.
The minimum initial investment during NF in both the funds is Rs 5,000 and in multiples of Re 1. The Mirae Asset Nifty Energy ETF will be jointly managed by Ekta Gala and Akshay Udeshi, while the Mirae Asset Nifty Smallcap 250 ETF will be jointly managed by Ekta Gala and Ritesh Patel.
Mirae Asset Nifty Energy ETF
Mirae Asset Nifty Energy ETF aims to provide investors with access to India’s evolving energy ecosystem, spanning traditional hydrocarbons, power utilities, and new-age renewables etc. The Nifty Energy Index comprises oil and gas, power, and capital goods sectors, reflecting participation across hydrocarbons, utilities, and clean energy equipment manufacturing.The index maintains a balanced structure with roughly 50% allocation to Oil, Gas & Consumable Fuels, 25% to Power, and 25% to Capital Goods, thereby capturing both legacy energy producers and infrastructure enablers of India’s energy transition.
The fund aims to offer a strategic blend of stability and cyclicality, combining steady earnings from utilities with cyclical upside from oil, gas, and commodity-linked names. Tactical investors can also use this ETF to express views on the global commodity and China revival cycle, while long-term investors may see it as a complementary play to India’s structural power and energy infrastructure build-out. Together with the Mirae Asset Nifty Metal ETF, the Mirae Asset Nifty Energy ETF aims to provide investors a comprehensive way to capture India’s commodity and industrial upcycle through transparent and cost-efficient structure.
Mirae Asset Nifty Smallcap 250 ETF
The Mirae Asset Nifty Smallcap 250 ETF aims to provide investors with cost-efficient exposure to India’s dynamic small-cap segment through a single, diversified vehicle. The Nifty Smallcap 250 Index represents 250 companies ranked 251 to 500 by full market capitalization within the Nifty 500 universe and is designed to measure the performance of small-capitalization companies that form the backbone of India’s emerging growth stories.With this launch, Mirae Asset becomes among the few Asset Management Companies (AMCs) in India offering ETFs across all four-core market-cap segments, namely Nifty 50, Nifty Next 50, Nifty Midcap 150, and Nifty Smallcap 250, alongside Nifty 500 Multicap 50:25:25 indices, thereby enabling complete coverage across the market-capitalization spectrum, the release said.
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Both market-cap and smart-beta exposure
In addition, Mirae Asset already offers the Nifty Smallcap 250 Momentum Quality 100 ETF, a smart-beta strategy carved out from the same universe, reinforcing the AMC’s leadership in building differentiated, transparent, and scalable passive solutions spanning both core and factor-based investing. With the introduction of the Mirae Asset Nifty Smallcap 250 ETF, Mirae Asset becomes the first AMC to offer an ETF covering both market-cap and smart-beta exposure within the small-cap segment, complemented by the launch of actively managed small-cap funds.“These ETFs further strengthen our product basket across two key segments of the Indian equity market. Mirae Asset Nifty Energy ETF provides diversified exposure to the entire value chain of India’s energy sector, while Mirae Asset Nifty Smallcap 250 ETF offers comprehensive coverage of to small-cap companies within the Nifty 500 universe. Both ETFs enable investors to take tactical positions in their respective segments efficiently, or to build long-term, low-cost, and diversified passive exposure to two vital segments of the market.” said Siddharth Srivastava, Head - ETF Products & Fund Manager, Mirae Asset Investment Managers (India).
