MIRAE ASSET NIFTY NEXT 50 ETF

Mirae Asset Investment Managers

 NIFTY Next 50: Profile

Parameter NIFTY 50 NIFTY Next 50 NIFTY Midcap 150

Segment Large Cap Mid Cap
Companies ranked from 101
Criteria Top 50 stocks by M-Cap Remaining 50 Stocks
to 250 based on full MCap
Constituents 50 50 150
Avg. MCap 1,79,771 47,326 15,749
Avg. MCap (Top 25) 2,95,235 64,326 27,384
Avg. MCap (Next 25) 64,307 30,326 20,189
HDFC Bank (11.0) HDFC Life (4.7) Info Edge India (1.9)
Reliance (9.8) SBI Life (4.6) Federal Bank (1.9)
Top 5 Stocks
HDFC (8.3) ICICI Insurance (3.5) City Union Bank (1.9)
(% Weight)
ICICI Bank (7.0) Shree Cement (3.3) RBL Bank (1.8)
Infosys (5.3) Dabur India (3.3) Voltas (1.7)

NIFTY Next 50 portfolio captures the essence of large caps and midcaps

Source: ACE MF, as on Dec 31, 2019. The sector(s)/stock(s)/issuer(s) mentioned in this presentation do not constitute any research report/recommendation of the same.

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 NIFTY Next 50: Sector distribution
Financial services sector
41%
OTHER FINANCIAL 2%
32% SERVICES

NBFC 5%
2%
23%
INVESTMENT 1%
COMPANIES
15%
11% 12% 12% INSURANCE 16%
1%
7% 6%
6% 6% 5% 6%
4% 3% HOUSING FINANCE 1%
2% 2% 3% 2% 8%
1% 0% 1%
FINANCIAL 2%

Chemicals
PHARMA

IT
CONSUMER GOODS

AUTOMOBILE

Others
ENERGY

SERVICES

METALS
FINANCIAL SERVICES

CEMENT & CEMENT

INSTITUTION
5%
PRODUCTS

BANKS 30%

0% 20% 40%

NIFTY 50 NIFTY Next 50 NIFTY Next 50 NIFTY 50

NIFTY Next 50 portfolio is more diversified as compared to NIFTY 50

Source: NSE, as on Dec 31, 2019. The sector(s)/stock(s)/issuer(s) mentioned in this presentation do not constitute any research report/recommendation of the same.

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 NIFTY Next 50: Stock distribution
Weight Distribution
Top Stocks by weight
2% Top 15 stocks in NIFTY Next 50
Median
1%
HDFC LIFE 4.7
SBI LIFE 4.6
8% ICICI LOMBARD 3.5
Bottom 10 stocks
2% SHREE CEMENT 3.5
DABUR INDIA 3.3
GODREJ CONSUMER 3.3
58%
Top 20 stocks DIVI'S LABORATORIES 3.0
79%
BANDHAN BANK 2.7
PIDILITE INDUSTRIES 2.7
34% AVENUE SUPERMARTS 2.7
Top 10 stocks
61% PETRONET LNG 2.6
HPCL 2.5
20% SHRIRAM TRANSPORT 2.5
Top 5 stocks
41% COLGATE PALMOLIVE 2.5
LUPIN 2.3

NIFTY Next 50 NIFTY 50

NIFTY Next 50 portfolio is more diversified as compared to NIFTY 50

Source: NSE, as on Dec 31, 2019. The sector(s)/stock(s)/issuer(s) mentioned in this presentation do not constitute any research report/recommendation of the same.

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Why Nifty Next 50?
 NIFTY Next 50: Captures potential blue chips of tomorrow
Stocks that moved from NIFTY Next 50 to NIFTY 50 in last 10 years (Dec ’19)
S. No Name
1 KOTAK MAHINDRA BANK
2 BAJAJ FINANCE
3 INDUSIND BANK
4 ASIAN PAINTS
5 BAJAJ FINSERV
6 TITAN COMPANY
7 ULTRATECH CEMENT
8 TECH MAHINDRA
9 BAJAJ AUTO
10 COAL INDIA
11 BRITANNIA INDUSTRIES
12 DR. REDDY'S LABORATORIES
13 UPL
14 INDIAN OIL CORPORATION
15 EICHER MOTORS
16 GRASIM INDUSTRIES
17 ADANI PORTS AND SPECIAL ECONOMIC ZONE
18 VEDANTA
19 JSW STEEL
20 ZEE ENTERTAINMENT ENTERPRISES
21 BHARTI INFRATEL
22 YES BANK

NIFTY Next 50 portfolio captures the potential blue chips of tomorrow, today !
Source: ACE MF, as on Dec 31, 2019. The sector(s)/stock(s)/issuer(s) mentioned in this presentation do not constitute any research report/recommendation of the same.

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 NIFTY Next 50: Get active flavour in passive
93% Stock journey From NIFTY Next 50 to NIFTY 50 (CAGR Returns)
Company name
(Years in NIFTY Next 50/Years in NIFTY 50)
57%
45% 46%
36% 41%

24% 25% 25% 27%

22%
14%

Asian Paints Bajaj Finance Bajaj Finserv IndusInd Bank Kotak Mahindra Bank Titan
(9yrs/8yrs) (1yr/2yrs) (5yrs/2yrs) (2yrs/7yrs) (7yrs/10yrs) (7yrs/2yrs)

Returns with NIFTY Next 50 Returns with NIFTY 50

 By design, NIFTY Next 50 may capture the upside of potential blue-chips of tomorrow, before probable move to
NIFTY 50

 In last 10 years, 99 stocks have been replaced in NIFTY Next 50 Index, resulting in a turnover of almost 20% of
stocks. A passive index usually have a rule based stock churn resulting in portfolio turnover like active mutual funds

NIFTY Next 50 portfolio may capture the upside of potential blue chips of tomorrow
Source: NSE, as on Dec 31, 2019. CAGR Returns Past performance may or may not sustain in future.

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 NIFTY Next 50: Provides an alternate exposure in large cap segment
Industry based exposure
Sector Top 10 Large Cap Funds NIFTY 50 NIFTY Next 50
Banks 30.1 30.2 5.7
Oil, Gas & Consumable Fuels 9.9 13.7 5.4
IT Services 9.4 12.4
Construction & Engineering 3.8 3.3
Automobiles 3.8 5.6
Pharmaceuticals 3.7 2.2 7.5
Thrifts & Mortgage Finance 3.6 8.0 1.3
Insurance 3.3 1.1 14.8
Tobacco 3.2 4.3
Construction Materials 2.7 1.6 7.0
Wireless Telecom Services 2.5 1.7 0.7
Metals & Mining 2.1 2.3 1.9
Chemicals 1.7 2.2 4.1
Auto Components 0.9 3.8
Household Products 0.8 2.9
Diversified Financial Services 0.5 5.0
Personal Products 0.5 13.3
Beverages 0.2 4.2

NIFTY Next 50 portfolio provides different stock and sector exposure in large cap space

Source: ACE MF and Bloomberg. Industry based exposure data is as on Nov 30,2019 , other data is as on Dec 31, 2019. The sector(s)/stock(s)/issuer(s) mentioned
in this presentation do not constitute any research report/recommendation of the same.

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 NIFTY Next 50: Return and risk profile

Returns Return to Risk Ratio

Period
NIFTY 50 NIFTY NEXT 50 NIFTY Midcap 100 NIFTY 50 NIFTY NEXT 50 NIFTY Midcap 100

6 Months 3.9% 4.3% -2.5% 0.37 0.37 -0.19

1 Year 13.5% 1.6% -3.4% 0.98 0.11 -0.21

2 Years 9.0% -3.2% -9.2% 0.67 -0.21 -0.53

3 Years 15.6% 11.4% 7.2% 1.30 0.76 0.45

5 Years 9.4% 10.1% 7.5% 0.69 0.62 0.44

7 Years 12.3% 14.1% 11.8% 0.86 0.84 0.69

10 Years 10.2% 11.9% 10.0% 0.67 0.70 0.59

NIFTY Next 50 has given better returns than NIFTY 50 and NIFTY Midcap Index along with comparable
return to risk ratio v/s NIFTY 50 over longer horizons

Source: NSE, as on Dec 31, 2019. Past performance may or may not sustain in future.

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 NIFTY Next 50: Calendar year returns
131%
NIFTY 50 - TRI NIFTY NEXT 50 - TRI NIFTY Midcap 100 - TRI

102%

78%

58%
50% 49%
46% 48%
41%
20% 29% 33% 30%
19%
19% 13%
8% 6% 8% 8% 4% 8% 8% 5% 2%

-4% -3% -3%

-8%
-15%
-24%
-30%
-31%
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Since 2009, NIFTY Next 50 has outperformed NIFTY 50 in 6 Calendar years and Midcap 100 in 7 calendar
year respectively.

Source: NSE, as on Dec 31, 2019. Past performance may or may not sustain in future.

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 NIFTY Next 50: Rolling returns

Average Rolling Returns

3 years investment horizon 1 year investment horizon

Period NIFTY 50 NIFTY NEXT 50 NIFTY Midcap 100 NIFTY 50 NIFTY NEXT 50 NIFTY Midcap 100

14 years 16.2% 19.3% 19.1% 16.6% 20.3% 18.8%

10 years 11.0% 15.8% 14.4% 13.7% 19.7% 17.8%

7 years 11.6% 16.2% 14.5% 13.6% 17.9% 15.9%

5 years 12.9% 19.2% 18.2% 11.4% 15.3% 14.1%

3 years 11.6% 16.3% 15.0% 14.0% 13.0% 9.8%

NIFTY Next 50 has consistently given better 3 yr rolling returns than NIFTY 50 and NIFTY Midcap 100

Source: NSE, as on Dec 31, 2019. Past performance may or may not sustain in future. 3 year rolling return in five year period provides the return which investor has
realized in last 5 years (average), with investment starting in last 8 year.

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 NIFTY Next 50: Drawdown profile
Jan-03 Jan-05 Jan-07 Jan-09 Jan-11 Jan-13 Jan-15 Jan-17 Jan-19
0%

-10%

-20%

-30%

-40% Next 50 drawdowns are more than NIFTY 50 but

less than Midcap index
-50%

-60%

-70%

-80% NIFTY Midcap 100 - TRI NIFTY 50 - TRI NIFTY NEXT 50 - TRI

NIFTY Next 50 is more volatile than NIFTY 50 but had better drawdowns performance than Midcap

Source: ACE MF, as on Dec 31, 2019. Drawdown is the % decline from the last all time high on the concerned index

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Summary: Why NIFTY Next 50 ETF
NIFTY Next 50 blends the flavor of large cap and midcap segment

 Historical Performance

 Higher returns than NIFTY 50 and NIFTY Midcap 100 in longer horizon

 Higher volatility and draw down than NIFTY 50 but lower than NIFTY Midcap 100

 Comparable Return to Risk Profile with NIFTY 50 in longer horizon

 Has outperformed 78% of Large cap MF’s in previous 5, 7 years horizon

 Portfolio

 More diversified than NIFTY 50 at both stock and sector level

 Provides different stock & sector level exposure compared to Large cap MFs and NIFTY 50 ETFs

NIFTY Next 50 aims to provides the stability of large cap with return potential of midcap
Past performance may or may not sustain in future.

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Mirae Asset NIFTY Next 50 ETF
 NFO Period: Jan 13th to Jan 21st 2020
 Minimum Application Amount during NFO Period: Rs 5,000 and thereafter multiple of Rs 1
 Reopens for continuous sale and purchase : Jan 27th 2020
 Post NFO Transaction: Investor can buy or sell ETF units in any quantity on exchange *or* directly with AMC in
multiples of creation unit size

Returns:
Expense Ratio:
Price & Div. Reinvestment returns similar
~15 bps
to NIFTY Next 50 TR Index (Benchmark)

ETF Units:
Authorized Participants:
Creation Unit Size = 10,000 units
Mirae Asset Capital Markets (India)
(Approx. 25 -30 Lakh INR)

Listing: Others:
NSE & BSE iNAV available on Website

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Thank You
Annexure
ETF: Two investment ideas brought together

Stock
Mutual Fund
Tradable during day

ETF
Fund that trades like
a stock

Exchange Traded Fund (ETF) aims to generate total returns of the underlying index like NIFTY Next 50 by
investing in the index portfolio

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ETF v/s Other Mutual Funds

Portfolio Low Cost

Diversification

Trades on
Exchange

Professional
Management Similarities Difference
Replicates the
Benchmark
(Beta instead
of Alpha)
Can be broad,
strategy, Daily
sector or Portfolio
theme based Transparency

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Advantages of ETF
Low Cost:
Lower expense ratio (Avg. of Large cap ETFs: 0.15 %) than equity MFs (Avg. of Large Cap MFs: 2.2%)
No Exit Load

Performance:
NIFTY Next 50 ETFs have outperformed 78% of large cap mutual funds in previous 5 year period*

Liquidity:
Trades on exchange like stocks throughout the day
Priced close to Live NAV, hence can be brought and sold intra day at real time NAV

Transparency:
Portfolio is disclosed on a daily basis
Aim to replicate the return of the underlying Index

Reduces Non Market risk:

Reduces the unsystematic risk / Non Market risk

Data as on Dec 31, 2019. Source: ACE MF. *Large Cap Mutual funds based on the SEBI circular on categorization and rationalization of
Mutual Fund Scheme

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 How to trade in an ETF ? (Post NFO)
Transact on Exchange Transact directly with AMC

Investors Large Investors

(Buy/Sell just like stocks in any (Buy /Sell in multiple of
quantity) creation unit size)

Cash ETF Units

Stock Exchange (Quotes by

Cash for transaction in Multiple of ETF
other investors and market
Multiple of ETF creation creation units*
maker)
unit size*

Buyer and Seller of Ensures trading

ETF Units around real time NAV

Mutual Fund
Market Maker* (Creates ETF basket/units
(Authorized Participants) to mirror an Index)

* Authorized participants are assigned by the AMC to provide continuous liquidity on the *Creation unit is the minimum portfolio size which the ETF deploy in the stocks of
exchange around real time NAV. They provide both buy and sell quotes like Banks in forex market. underlying index to create a replicable portfolio.

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 ETF Performance v/s MF performance

% of Large Cap MF schemes outperformed by ETF Excess return of ETFs over average returns of MF's
ETF Type
1 year 3 years 5 Years 7 years 10 years 1 year 3 years 5 Years 7 years 10 years

NIFTY 50 71% 85% 74% 41% 43% 1.5 2.7 0.8 -0.3 -0.3

NIFTY Next 50 0% 22% 78% 78% 67% -10.4 -1.8 1.0 1.1 0.8

• NIFTY 50 ETFs have outperformed 85% of large cap mutual funds* in 3 year period by an average margin of 2.7%.

• NIFTY Next 50 ETFs has outperformed 78% of Mutual fund in last 5 year and 7 year periods by an average margin of
1.0% and 1.1% respectively.

Large Cap funds are finding increasingly difficult to outperform Large cap ETFs

Source: ACE MF, as on Dec 31, 2019. * Based on 28 Large cap, funds (Regular: Growth). *Large Cap Mutual funds based on the SEBI circular on categorization and
rationalization of Mutual Fund Scheme. Past performance may or may not sustain in future.

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 ETF Market Growth
169,464
ETF AUM % of ETF AUM to Equity MF AUM

22%

112,381

77,897 14%

10%
34,419
7%
11,843 16,035
4% 4%

Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Nov-19 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Nov-19

 Indian ETF market grew by 445% in last 3 years and by 70% in last 1 year period

 Primarily drivers:
 EPFO investments in NIFTY 50 & Sensex ETFs
 Disinvestment via ETFs by government.
 Low cost and outperformance of Large Cap ETFs over Mutual funds

Source: ACE MF and AMFI , as on Nov 30, 2019. Absolute growth rate.

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 NIFTY Next 50: Potential for long team wealth creation
30000
NIFTY 50 - TRI NIFTY NEXT 50 - TRI
25.2 x
25000
20000
15000 14.0 x
10000
5000
0
Jan-03 Jan-05 Jan-07 Jan-09 Jan-11 Jan-13 Jan-15 Jan-17 Jan-19

2900

2400 2.4 x

1900 2.1 x

1400

900
Jan-14 Jan-15 Jan-16 Jan-17 Jan-18 Jan-19

NIFTY Next 50 has potential to create wealth in long term

Source: NSE, as on Dec 31, 2019. Past performance may or may not sustain in future.

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Mirae Asset Global ETF Footprint

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Mirae Asset Investment Managers
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Disclaimers
DISCLAIMER OF NSE: As required, a copy of this Scheme Information Document has been submitted to National Stock Exchange of India Limited (hereinafter referred to as NSE). NSE has
given vide its letter NSE/LIST/5166 dated September 24, 2019 permission to the Mutual Fund to use the Exchange’s name in this Scheme Information Document as one of the stock exchanges
on which the Mutual Fund’s Units are proposed to be listed subject to, the Mutual Fund fulfilling the various criteria for listing. The Exchange has scrutinized this Scheme Information Document
for its limited internal purpose of deciding on the matter of granting the aforesaid permission to the Mutual Fund. It is to be distinctly understood that the aforesaid permission given by NSE
should not in any way be deemed or construed that the Scheme Information Document has been cleared or approved by NSE; nor does it in any manner warrant, certify or endorse the
correctness or completeness of any of the contents of this Scheme Information Document; nor does it warrant that the Mutual Fund’s Units will be listed or will continue to be listed on the
Exchange; nor does it take any responsibility for the financial or other soundness of the Mutual Fund, its Sponsors, its management or any scheme of the Mutual Fund. Every person who
desires to apply for or otherwise acquire any Units of the Mutual Fund may do so pursuant to independent inquiry, investigation and analysis and shall not have any claim against the Exchange
whatsoever by reason of any loss which may be suffered by such person consequent to or in connection with such subscription /acquisition whether by reason of anything stated or omitted to
be stated herein or any other reason whatsoever.

DISCLAIMER OF BSE: “BSE Ltd. (“the Exchange”) has given vide its letter LO/IPO/LK/MF/IP/226/2019-20 dated September 19, 2019 permission to to use the Exchange’s name in this SID as
one of the Stock Exchanges on which this Mutual Fund’s Units are proposed to be listed. The Exchange has scrutinized this SID for its limited internal purpose of deciding on the matter of
granting the aforesaid permission to. The Exchange does not in any manner:- i) warrant, certify or endorse the correctness or completeness of any of the contents of this SID; or ii) warrant that
this scheme’s units will be listed or will continue to be listed on the Exchange; or iii) take any responsibility for the financial or other soundness of this Mutual Fund, its promoters, its
management or any scheme or project of this Mutual Fund; and it should not for any reason be deemed or construed that this SID has been cleared or approved by the Exchange. Every person
who desires to apply for or otherwise acquires any unit of of this Mutual Fund may do so pursuant to independent inquiry, investigation and analysis and shall not have any claim against the
Exchange whatsoever by reason of any loss which may be suffered by such person consequent to or in connection with such subscription/ acquisition whether by reason of anything stated or
omitted to be stated herein or any other reason whatsoever.

Statutory Details: Trustee: Mirae Asset Trustee Company Private Limited; Investment Manager: Mirae Asset Investment Managers (India) Private Limited (AMC); Sponsor: Mirae Asset
Global Investments Company Limited.

The information contained in this document is compiled from third party and publically available sources and is included for general information purposes only. There can be no assurance and
guarantee on the yields. Investments in the sectors may or may not remain the same. Views expressed by the Fund Manager cannot be construed to be a decision to invest. The statements
contained herein are based on current views and involve known and unknown risks and uncertainties. Whilst *Mirae Asset Investment Managers (India) Private Limited (the AMC) shall have no
responsibility/liability whatsoever for the accuracy or any use or reliance thereof of such information. The AMC, its associate or sponsors or group companies, its Directors or employees accepts
no liability for any loss or damage of any kind resulting out of the use of this document. The recipient(s) before acting on any information herein should make his/her/their own investigation and
seek appropriate professional advice and shall alone be fully responsible / liable for any decision taken on the basis of information contained herein. Any reliance on the accuracy or use of such
information shall be done only after consultation to the financial consultant to understand the specific legal, tax or financial implications.

All the data/performance provided in the presentation is pertaining to the Index and does not in any manner constitute performance of any scheme of Mirae Asset Mutual Fund. There is no
guarantee or assurance of returns/income generation/capital protection in any scheme of the Fund.

* Securities and Exchange Board of India (“SEBI”) vide its letter dated November 20, 2019 bearing reference no. SEBI/HO/IMD/DF5/OW/P/2019/30719/1 (“SEBI NOC”) had granted their non-
objection to transfer the AMC Business from 'Mirae Asset Global Investments (India) Pvt Ltd' to 'Mirae Asset Investment Managers (India) Private Limited'. Kindly refer notice cum addendum no.
AD/28/2019 dated November 25, 2019 for further details.
For further information about other schemes (product labelling and performance of the fund) please visit the website of the AMC: www.miraeassetmf.co.in

Mutual fund investments are subject to market risks, read all scheme related documents
carefully. Mirae Asset Investment Managers
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