Mirae Asset Nifty 200 Alpha 30 ETF · NSE:ALPHAETF
Mirae Asset Nifty 200 Alpha 30 ETF — Mirae Asset Mutual Fund — Investor Presentation (January 2024)
39 slides from Mirae Asset Nifty 200 Alpha 30 ETF's investor presentation, Jan 10, 2024
Slide 1: Aim to Solve Jigsaw of Volatility
Aim to Solve Jigsaw of Volatility Invest in Mirae Asset Multi Asset Allocation Fund An open-ended scheme investing in equity, debt & money market instruments, Gold ETFs, Silver ETFs and exchange traded commodity derivatives New Fund Offer (NFO) Opens: 10th January 2024 Closes: 24th January 2024 Sche
Slide 2: Where do Indian Households Invest?
Where do Indian Households Invest? Total Indian Household Assets: Total Indian Household Assets excluding Property: 11.1 trillion dollars (as on Mar 2023) 5.47 trillion dollars (as on Mar 2023) %of Household Assets %of Household Assets Property 3.4% Gold 4.7% 6.9% Gold 5.8% 9.5% Bank Deposits Bank D
Slide 3: Asset Allocation Mix: Each Year There is a New Winner
Asset Allocation Mix: Each Year There is a New Winner 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 International International Gold Gold Midcap Small Cap Credit Risk G-sec Small Cap Gold Small Cap Small Cap Gold Small caps Equity Equity 24 29 38.52 62.9 10 15 59.6 8.4 30.8 6
Slide 4: Asset Mix Combination in Multi Asset Fund
Asset Mix Combination in Multi Asset Fund Large cap Equity Mid cap Small cap Gold Commodi ty International Equity Foreign Equities Corporate Bond Credit Risk Debt T-bill G-sec Real Estate REITs The above chart shows classification of sub-asset class within main asset class. The universe of “Large Ca
Slide 5: Therefore, Winners keep on Changing
Therefore, Winners keep on Changing 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Equity Gold Gold Equity Debt Equity Debt Gold Equity Gold Gold Gold Equity Gold Equity 91% 23% 32% 33% 8% 37% 9% 11% 35% 8% 24% 28% 29% 14% 24% Multi Multi Multi Multi Multi Multi Multi Mul
Slide 6: Different Asset Classes, Different Returns
Different Asset Classes, Different Returns Difference in volatility in daily returns Source: AceMF, AMFI, Bloomberg, From 15th April 2008 to 29th Dec 2023. Equity: S&P BSE 200 TRI, Debt: NIFTY Short Duration Debt Index, Gold: Domestic Gold Prices. Returns mentioned are daily absolute returns. Past p
Slide 7: Combination of Asset Classes
Combination of Asset Classes Combination of Assets ( E:65% D:20% G:15%) Max 16.3% Equity Min -12.8% SD 1.3% Max 10.1% Max 13.7% Min -8.4% Min -8.3% Gold SD 0.8% SD 0.9% Max 1.9% Min -0.8% Debt SD 0.1% Reduced volatility in combination of assets Source: AceMF, AMFI, Bloomberg, From 15th April 2008 to
Slide 8: Asset Class Histogram
Asset Class Histogram Combination of Assets Returns Range Equity Gold Debt (E:65%D:20% G:15%) <=0% 3.1% 16.8% 0% - 2% 2.5% 4.6% 0.2% 2% - 4% 4.6% 8.6% 9.7% 2.8% 4% - 6% 7.9% 8.9% 37.5% 3.9% 6% - 8% 5.7% 6.6% 52.6% 8.7% 8% - 10% 5.8% 4.0% 0.2% 19.4% 10% - 12% 9.7% 5.0% 20.1% 12% - 14% 13.4% 9.2% 16.4
Slide 9: Range of Returns
Range of Returns Daily 3 Year Rolling Returns 35.3% 33.2% Max 26.1% Average 13.3% 10.2% 10.8% 11.8% 8.0% 4.8% -0.3% Min -5.5% -7.9% Gold Equity Combination of Assets Debt (E:65% D:20% G:15%) Worried about risk, aim to reduce volatility Source: AceMF, AMFI, Bloomberg, From 15th April 2008 to 29th Dec
Slide 10: Different Asset Class Faces In Different Market Phases
Different Asset Class Faces In Different Market Phases Apr-08 to Nov-09 Jan-16 to Oct-18 Sept-20 to Nov-23 Jan-20 to Apr-20 Bear Sideways Bull Covid-19 Crisis Equity -17.8% [2.8%] 10.0% [0.8%] 22.1% [0.9%] -31.9% [3.4%] Gold 19.4% [1.8%] 8.8% [0.6%] 6.1% [0.7%] 0.7% [1.4%] Debt 13.6% [0.3%] 7.1% [0.
Slide 11: Drawdown ‒ Risk, Downside Volatility
Drawdown ‒ Risk, Downside Volatility Apr-08 to Nov-09 Jan-16 to Oct-18 Sept-20 to Nov-23 Bear Sideways Bull Drawdown Days to Recover Drawdown Days to Recover Drawdown Days to Recover Equity -55.5% 221 -13.2% 103 -16.9% 85 Gold -17.6% 98 -13.7% 670 -15.9% 341 Debt -1.7% 77 -0.6% 30 -1.3% 77 Combinati
Slide 12: Correlation Between Asset Classes
Correlation Between Asset Classes Asset Classes Foreign Equity Gold Debt Silver Domestic Equity 0.45 -0.30 -0.07 0.15 Foreign Equity -0.20 -0.09 0.05 Gold 0.11 0.64 Debt -0.12 Source: MFI Explorer, Bloomberg, AMFI Note: Correlation has been arrived at based on 1-year daily rolling returns for the pe
Slide 13: Presenting Mirae Asset Multi Asset Allocation Fund
Presenting Mirae Asset Multi Asset Allocation Fund 13
Slide 14: Introducing the Pentacle Combo
Introducing the Pentacle Combo Equity & Equity Related Instruments 65%to 80% Foreign Equities^ Debt 0%to 15% 10%to 25% REITs & InVITs *Commodity 0%to 10% 10%to 25% *Gold ETFs, Silver ETFs, Exchange Traded Commodity Derivatives (ETCDs).-For detailed asset allocation, refer SID. ^The scheme may invest
Slide 15: The Pentacle Framework: Equity
The Pentacle Framework: Equity Anchored by In-house Equity Investment Framework of GARP* 1 2 3 100 100 80 80 60 60 40 40 20 20 0 0 Mix of Pure Equity & Arbitrage Mix of Top Down & Bottom-up Diversified across Sectors Indicative Net Equity Levels: stock selection & Market Capitalization, 40%to 75% wi
Slide 16: Framework for determining Net Equity Allocation
Framework for determining Net Equity Allocation Absolute Relative Valuation Parameter Valuation Parameter When PB is high, When the spread is decrease equity higher i.e. Bond yield > allocation & vice Earnings yield, decrease versa. Price to Book Bond Yield & Earnings equity allocation & Value (P/B)
Slide 17: Rolling Returns & Standard Deviation
Rolling Returns & Standard Deviation Average Daily Rolling Returns Average Standard Deviation 1 Year 3 Year 5 Year 1 Year 3 Year 5 Year A Multi Asset approach strives to achieve relatively lower volatility than equity Source: Internal Calculation, AceMF, AMFI, Bloomberg. Time period: 1st Aug 2007 to
Slide 18: Drawdown
Drawdown CY Benchmark S&P BSE 200 TRI Nifty Short Duration Gold Debt Index 2006 -5.3% -7.6% -0.5% -13.6% 2007 -11.1% -16.0% -0.6% -13.7% Global Financial 2008 -45.8% -62.8% -1.7% -17.6% Crisis Period 2009 -43.7% -64.4% -1.7% -11.2% 2010 -8.0% -25.1% -1.2% -11.7% 2011 -15.1% -30.5% -0.7% -9.2% 2012 -
Slide 19: Performance in Different Market Periods
Performance in Different Market Periods Flat Market Markets Falling more than 2%Quarterly Period (From To) Benchmark S&P BSE Gold Nifty Short Quarter End Benchmark S&P BSE Gold Nifty Short 200 - TRI Duration 200 - TRI Duration Debt Index Debt Index 16 Sep 2009 to 10 Feb 2010 0.40% -1.92% 5.61% 8.79%
Slide 20: The Pentacle Framework: Debt
The Pentacle Framework: Debt Allocation across 1 Debt instruments 2 High Liquidity Focused Buy & Hold Strategy Short to Medium 4 Duration based on directional movement 3 of interest rates Source: Internal. Investment framework stated above may change from time to time without any notice and shall be
Slide 21: The Pentacle Framework: Commodities
The Pentacle Framework: Commodities Gold: Long Term Play & 01 Potential Wealth Creation Opportunistic position in 02 Silver and other ETCDs 03 Core: Gold Tilted Tactical calls to 04 adjust positions 05 Long Only Source: Internal. Investment framework stated above may change from time to time without
Slide 22: The Pentacle Framework: REITs/InVITs & Foreign Equity
The Pentacle Framework: REITs/InVITs &Foreign Equity REITs & InVITs adds flavor of a distinct asset class Capitalize on global Tactical opportunities Allocation Themes and Based on Relative opportunities Attractiveness of unavailable Domestic vs Foreign in India Equity Note: The scheme may invest in
Slide 23: Investment Philosophy: The Mirae Asset Way
Investment Philosophy: The Mirae Asset Way.. Equity BUSINESS SELECTION MANAGEMENT VALUATION PORTFOLIO Growth Corporate Governance “Margin of Safety” Diversified Portfolio Large Market Opportunity & Thought Leadership (Value >Price) Cognizance of Benchmark Capital Efficiency Growth-at- Core and Tacti
Slide 24: Equity Outlook
Equity Outlook • India stands out with its GDP growth which continues to Debt - GDP Ratio - Oct 2023 255.2 remain ahead of the relevant peer economies. 300.0 250.0 200.0 143.7 123.3 • India at the moment unlike any other country provides the '5D 106.4 110.0 106.3 150.0 81.9 88.1 83.0 advantage’: 73.
Slide 25: Debt Outlook
Debt Outlook Policy Rates for major economies like ‒ US RBI may take cues from the incoming data on seemed to have peaked amid weak global global growth and inflation given the domestic growth environment and moderating inflation. macro economic conditions remain resilient. Against this backdrop, th
Slide 26: Commodity Outlook
Commodity Outlook Econometric analysis shows that rising income is the most powerful driver of Indian gold demand in the long term. Outlook for monetary policy may change depending on economic conditions and inflation, the financial markets are showing a growing belief that central bank rate cuts ar
Slide 27: Returns Potential: Proposed Positioning
Proposed Positioning Equity ~72% (+/-) 5% Unhedged Equity ~40% to 75% Unhedged Equity varies between Mirae Asset Aggressive 30% to 80% Hybrid Fund Returns Potential Unhedged Equity Mirae Asset ~40% (+/-) 5% Multi Asset Allocation Mirae Asset Fund Balanced Advantage Fund Mirae Asset Equity Savings Fu
Slide 28: For whom the fund may be suitable?
For whom the fund may be suitable? 01 02 03 04 First Time and Investors seeking low Investors aiming Existing Equity fluctuation at Reasonable Investors seeking to Investors with an investment Returns with participate investment journey Lower Volatility across diverse horizon of three experience in
Slide 29: What it aims to deliver
What it aims to deliver Diversification Risk-adjusted Returns Rebalancing May benefit from Seeks to provide Portfolio will be diversification better investment rebalanced on a across asset experience ‒ risk regular basis based classes through adjusted returns. on the underlying a single fund framewo
Slide 30: Taxation
Taxation Individual Asset Class Taxation Domestic International Commodity/ Mirae Asset Debt/Debt Equity/Equity Equity/Overseas Commodity Multi Asset MF Oriented MF MF ETF/ETCD Allocation Fund Short Term Capital Gains 15%^ 30%# 30%# 30%# 15%# Long Term Capital Gains 10%^@ 30%# 30%# 30%# 10%# A Fund t
Slide 31: M for.... Multi
M for.... Investment Experience Equity ˙Relatively less polarity in returns. ˙ N e t equity levels between 40% to 75% ˙ M a y smoothen volatility ˙ M i x of top-down & bottom-up stock ˙Better investment experience. selection ˙ A l l weather long term investing ˙Anchored by GARP ˙Large cap biased Com
Slide 32: Mirae Asset Mutual Fund Offerings Under Hybrid Category
Mirae Asset Mutual Fund Offerings Under Hybrid Category MIRAE ASSET MIRAE ASSET BALANCED MIRAE ASSET MULTI MIRAE ASSET EQUITY SAVINGS FUND ADVANTAGE FUND ASSET ALLOCATION FUND AGGRESSIVE HYBRID FUND CONSERVATIVE DYNAMIC ALLOCATION AGGRESSIVE AGGRESSIVE Unhedged Equity varies Unhedged Equity~40% (+/)
Slide 33: Scheme Details
Scheme Details NFO Period Benchmark Plan & Options 10 January 2024 to th 65% S&P BSE 200 TRI +20% Plans - Regular Plan and Direct 24th January 2024 NIFTY Short Duration Debt Index Plan. Options - Growth Option & + 10% Domestic Price of Gold + 5% Income Distribution cum Capital Domestic Price of Silv
Slide 34: About the Fund Managers
About the Fund Managers Mr. Harshad Borawake Mr. Amit Modani Equity Portion Debt Portion • Head of Research & Fund Manager • Dealer ‒ Fixed Income and Fund Manager • Has over 18 years work experience • Has over 11 years of work experience • Manages Mirae Asset Equity Savings Fund (Equity portion), •
Slide 35: Tactical Allocation to Foreign Equities
Tactical Allocation to Foreign Equities CY S&P 500 TRI S&P BSE 200 TRI 2023 27.1% 24.5% 2022 -9.1% 5.7% 2021 31.2% 29.1% 2020 21.4% 17.9% 2019 34.4% 10.4% 2018 4.4% 0.8% 2017 14.4% 35.0% 2016 14.9% 5.4% 2015 6.2% -0.2% 2014 16.2% 37.4% 2013 49.5% 6.1% 2012 19.7% 33.2% 2011 21.3% -26.0% 2010 10.6% 17
Slide 36: Riskometer
Riskometer Mirae Asset Aggressive Hybrid Fund (Aggressive Hybrid Fund - An open ended hybrid scheme Investing predominantly in equity and equity related instruments) PRODUCT LABELLING SchemeBenchmark:CRISILHybrid 35+65-Aggressive Index Scheme Riskometer Mirae Asset Aggressive Hybrid Fund is suitable
Slide 37: Disclaimer & Risk Factor
Disclaimer & Risk Factor NSE Indices Ltd Disclaimer: NSE INDICES LIMITED do not guarantee the accuracy and/or the completeness of the Index or any data included therein and NSE INDICES LIMITED shall have not have any responsi- bility or liability for any errors, omissions, or interruptions therein.
Slide 38: THANK YOU
THANK YOU Follow us on: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. 38
Slide 39: Combination of Assets and Sub Asset Classes
Combination of Assets and Sub Asset Classes 14.00% 12.43% 11.60% 11.69% 11.83% 12.00% 10.40% 10.02% 10.00% 9.61% 8.26% 8.43% 7.68% 8.00% 6.00% 4.00% 2.00% 0.00% 2010-14 2011-15 2012-16 2013-17 2014-18 2015-19 2016-20 2017-21 2018-22 2019-23 Static Allocation An equal allocation of 10%has been invest
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