Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 Etf Fund Of Fund

Review Date: 11-10-2024

A review of the different performance parameters of the fund is as follows:

1. Returns: It captures the increment in the investment's value during the investment period, articulated as either a percentage or a monetary denomination. We carefully examined two return parameters of this fund to gauge its performance. The return parameters have been divided into three performance groups: the top 25%, parameters below the top 25% but exceeding the average, and parameters below the average mark. Please find the detailed analysis below.
   1. Top 25%: The fund does not have any return parameter in the top 25% in the category.
   2. Above Average Below the Top 25%: The fund does not have any return parameter which is above average but below the top 25%.
   3. Below Average: Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Fund of Fund has two return parameters that are below average in the category, which are listed below:
      
      • 1M Return %
      • 3M Return %
2. Risk: It signifies the potential for financial loss or the failure to achieve anticipated returns due to diverse elements. We have analyzed zero risk parameters of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Fund of Fund, and divided it into three groups the lowest 25%, below average but above the lowest 25%, and above average. More details are provided below.
   1. Lowest 25%: Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Fund of Fund does not have any risk parameters in the lowest 25% of the category. It means high risk compared to other funds in the category.
   2. Below Average but Above the Lowest 25%: Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Fund of Fund does not have any risk parameters in the below average but above the lowest 25% of the category.
   3. Above Average: Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Fund of Fund does not have any risk parameters above average; which is a good sign.
3. Risk Adjusted Performance Parameters: In mutual funds, risk-adjusted performance parameters are evaluation tools that gauge the returns of an investment against the risk taken. They assist investors in comparing various investments, factoring in both risk and returns. We have evaluated zero risk-adjusted performance parameters of the fund.
   1. Top 25% Risk Adjusted Performance Parameters: The fund does not have any risk-adjusted performance parameters that are in the top 25% of the category.
   2. Above Average Below Top 25% Risk Adjusted Performance Parameters: The fund does not have any risk-adjusted performance parameters that are in the above average but below top 25% of the category.
   3. Below Average Risk Adjusted Performance Parameters: The fund does not have any risk-adjusted performance parameters that are in the above average but below top 25% of the category.

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Date	Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 Etf Fund Of Fund NAV Regular Growth	Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 Etf Fund Of Fund NAV Direct Growth
11-10-2024	11.056	11.086
10-10-2024	10.988	11.018
09-10-2024	10.968	10.997
08-10-2024	10.77	10.799
07-10-2024	10.578	10.606
04-10-2024	10.797	10.825
03-10-2024	10.864	10.892
01-10-2024	11.06	11.088
30-09-2024	11.03	11.058
27-09-2024	11.051	11.078