Mirae Asset Nifty EV and New Age Automotive ETF - Scheme Information Document (SID) - May 31, 2025

Sep 2, 2026

Scheme Information Document for Mirae Asset Nifty EV and New Age Automotive ETF sets out regulatory disclosures in line with SEBI (Mutual Funds) Regulations, investor guidance, and the role of the Statement of Additional Information (SAI) as part of the SID. It describes the scheme name, ETF category, open-ended structure tracking the Nifty EV and New Age Automotive Total Return Index, investment objective and non-guarantee of returns, liquidity and listing arrangements, subscriptions/redemptions for market makers and large investors, and direct redemption conditions tied to ETF unit discounts, quote availability, and bid-size thresholds.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages72

Reading Time3 h 1 min

AccessFree to download

Scheme Information Document

Scheme Overview and Regulatory Disclosures

Investment Objective and Index Tracking

Liquidity, Listing, and Subscription/Redemption Details

Market Makers and Direct Redemption Conditions

| The particulars ofthe Scheme have been prepared in accordance with Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 (hereinafter referred to as SEBI (Mutual Funds) Regulations) as amended till date and circulars issued thereunder filed with SEBI, along with Due Diligence Certificate from the Asset Management Company. The units being offered for public subscription have not been approved or recommended by SEBI nor has SEBI certified the accuracy or adequacy of the SID. | | --- | | The Scheme Information Document sets forth concisely the information about Mirae Asset Nifty EV and New Age Automotive ETF that a prospective investor ought to know before investing. Before investing, investors should also ascertain about any further changes to this SID after the date of this Document from the Mutual Fund/ Investor Service Centers/ Website/ Distributors or Brokers. | | The Investors are advised to refer to the Statement of Additional Information (SAI) for details of Mirae Asset Mutual Fund, standard risk factors, special considerations, tax and legal issues and general [information on](information on www.miraeassetmf.co.in)[ ](information on www.miraeassetmf.co.in)[www.miraeassetmf.co.in](information on www.miraeassetmf.co.in) | | SAI is incorporated by reference (is legally a part of the SID). For a free copy of the current SAI, please | | contact your nearest Investor Service Centre or log on to our website. | | --- | | The SID (Section I and II) should be read in conjunction with SAI and not in isolation. | | This SID is dated May 31, 2025. | | Sr. No. | Title | Description | | --- | --- | --- | | I. | Name of the scheme | Mirae Asset Nifty EV and New Age Automotive ETF | | II. | Category of the Scheme | Other Schemes-Exchange Traded Fund (ETF) | | III. | Scheme type | An open-ended scheme replicating/tracking Nifty EV and New Age Automotive Total Return Index | | IV. | Scheme code | MIRA/O/O/OET/24/06/0065 | | V. | Investment objective | The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty EV and New Age Automotive Total Return Index, subject to tracking error. The Scheme does not guarantee or assure any returns. There is no assurance that the investment objective of the scheme will be achieved. | | VI. | Liquidity/listing details | The Units of the ETF will be listed on the Capital Market Segment of the National Stock Exchange of India Ltd (NSE) /BSE Limited (BSE) and/or any other recognised stock exchanges as may be decided by the AMC from time to time. All investors including Market Makers and Large Investors can subscribe (buy) / redeem (sell) Units of the Scheme on a continuous basis on the NSE and/ or BSE on which the Units are listed during the trading hours on all the trading days. The Units of the Scheme may be bought or sold on all trading days at prevailing listed price on such Stock Exchange(s) . Alternatively, the Market Makers may subscribe to and/or redeem the units of the Scheme with the Mutual Fund on any business day during the ongoing offer period commencing not later than 5(five) business days from the date of allotment at approximately indicative NAV based prices (along with applicable charges and execution variations) for applications directly received at AMC, provided the units offered for subscription and/or redemption are not less than Creation Unit size & in multiples thereof. Large investors can subscribe/redeem directly with the AMC for an amount greater than INR 25 crores. The price of Units of the Scheme in the secondary market on the Stock Exchange(s) will depend on demand and supply at that point of time. There is no minimum trade amount, although Units are normally traded in round lots of 1 Unit.
In addition, Market Makers can directly subscribe to/ redeem Units of the Scheme on all Business Days with the Fund in‘Creation Unit Size’ and Large investors can subscribe to/ redeem Units of

FAQs

What is the investment objective of the Mirae Asset Nifty EV and New Age Automotive ETF?

The objective is to generate returns, before expenses, commensurate with the performance of the Nifty EV and New Age Automotive Total Return Index, subject to tracking error. Returns are not guaranteed or assured.

Where will the ETF units be listed and how can investors trade them?

The units will be listed on the Capital Market Segment of NSE and/or BSE and other recognised exchanges as decided by the AMC. Investors can subscribe and redeem on a continuous basis during trading hours, and market prices depend on demand and supply in the secondary market.

When can investors redeem units directly with the mutual fund without an exit load?

Direct redemption without exit load is permitted for investors other than market makers when specific conditions occur, including the ETF closing price trading at more than a 1% discount to day-end NAV for 7 continuous trading days, no quotes for 3 consecutive trading days, or total bid size being less than half of creation unit size averaged over 7 consecutive trading days.

Sep 2, 2026

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