#Mirae #MiraeAssetNFO #NFO #MirarNiftyIndiaInternetETF #FUNdTapDigitalGrowth
Mumbai: Mirae Asset Investment Managers (India) has announced the launch of the Mirae Asset Nifty India Internet ETF, a thematic exchange-traded fund (ETF) designed to provide investors with exposure to India’s rapidly expanding digital economy. The new offering will track the Nifty India Internet Total Return Index, which captures the performance of companies deriving significant revenues from digital and internet-based business models.
The New Fund Offer (NFO) for the ETF will open on June 18, 2025, and close on June 25, 2025. The scheme will reopen for continuous sale and repurchase from July 2, 2025. Investors can participate in the NFO with a minimum investment of ₹5,000, with subsequent investments allowed in multiples of ₹1.
The fund will be jointly managed by Ekta Gala and Akshay Udeshi.
Capturing India’s Digital Transformation
The Nifty India Internet Index comprises 21 companies selected from the broader Nifty Total Market Index. These firms primarily operate through online platforms across sectors such as e-commerce, fintech, digital media, travel, food delivery, and entertainment. The index includes large-, mid-, and small-cap stocks, with a maximum weight cap of 20% per stock during rebalancing. It is rebalanced quarterly and reconstituted semi-annually.
According to Mirae Asset, the new ETF aims to capitalize on long-term structural shifts in India’s economy, driven by increasing internet penetration, digital consumption, and technology adoption.
“This ETF is aligned with our vision of offering investors simple and cost-effective access to transformative investment themes,” said Swarup Anand Mohanty, Vice Chairman & CEO of Mirae Asset Investment Managers (India).
Siddharth Srivastava, Head of ETF Products, added, “As more sectors shift their focus to digital platforms, this ETF offers a timely opportunity to participate in India’s evolving consumption and business models.”
About Mirae Asset
Mirae Asset Mutual Fund currently manages 72 schemes across equity, debt, hybrid, and ETFs. It is part of Mirae Asset Global Investments, which operates in 19 countries worldwide.
