Fund Overview
ETF
Mirae Asset Nifty 200 Alpha 30 ETF
Ticker: ALPHAETFUnderlying Index: Nifty200 Alpha 30ISIN: INF769K01KU7
25.610.43% (1Y)
End of Day NAV as on Jul 24, 2026
Fundamentals
| Asset Type | Equity |
| Underlying Index Type | Strategy Index |
| No. of Companies | 30 Companies |
| Market Cap Focus | Multi / Flexi Cap |
| Std Deviation (1 yr) | 1.17% |
| P/E | 49.50 |
| P/B | 11.62 |
| Div Yield | 0.99% |
| Down from 52w High | 5.15% |
| Up from 52w Low | 17.47% |
| Asset Type | Equity |
| Underlying Index Type | Strategy Index |
| No. of Companies | 30 |
| Market Cap Focus | Multi / Flexi Cap |
| P/E | 49.50 |
| P/B | 11.62 |
| Div Yield | 0.99% |
| Down from 52w High | 5.15% |
| Up from 52w Low | 17.47% |
| Std Deviation (1 yr) | 1.17% |
Fund Parameters
| AUM (Cr) | 416 |
| Base Expense Ratio | 0.38% |
| Tracking Error | 0.01% |
| All-In-Cost | 0.39% |
| Inception Date | 20 Oct 2023 |
| Scheme Option - Type | Growth - Open ended scheme |
| Latest Price | 25.56 |
| NAV Gap | -0.19% |
| 1M Average NAV Gap | -0.01% |
| Daily Volume | 4,23,306 |
| 1M Average Daily Volume | 3,70,437 |
| 1M Average Daily Turnover (Cr) | 1.0 |
Native Score
| AUM (Cr) | 416 |
| Base Expense Ratio | 0.38% |
| Tracking Error | 0.01% |
| All-In-Cost | 0.39% |
| Inception Date | 20 Oct 2023 |
| Scheme Option - Type | Growth - Open ended scheme |
| ETF Market Data | |
| Latest Price | 25.56 |
| NAV Gap | -0.19% |
| 1M Avg NAV Gap | -0.01% |
| Daily Volume | 4,23,306 |
| 1M Avg Daily Volume | 3,70,437 |
| 1M Avg Daily Turnover | 1.0 |
| Native Score | |
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Sectoral Allocation
Fund Holdings
Market Cap Classification
Advanced Ratios
| Alpha | -0.00 |
| Beta | 1.00 |
| Sharpe Ratio | 0.02 |
| Sortino Ratio | 0.03 |
| Treynor Ratio | 0.02 |
| Information Ratio | -0.23 |
| Upside Capture | 99.69% |
| Downside Capture | 100.45% |
Index Methodology
| Factor Basis | Others |
| What universe selected from? | Nifty 200 |
| Weightage? | Alpha based weighting. Wt of stock = Alpha Score * FF Market Cap; Max Weight = 5% |
| Stocks Included | Top 30 stocks from the Nifty 200 based on their Jensen's Alpha (based on 1-year trailing prices) are selected. Steps: [A] Jensen's Alpha = R(s) - [Rf + Beta*(Rm-Rf)]; R(s) - return of stock, Rm - return of market, Rf - risk free rate, Beta - Beta of the stock. - Computed using 1-year traliling prices. [B] Alpha Score = (1+ Z score) if Z score >0 (1- Z score)^-1 if Z score < 0; [C] Z-Score = (x- Mean)/Std Deviation; x- jensen alpha of the stock, mean - mean Jensen's Alpha of the entire universe, std deviation - std dev of the Jensen's alpha of the entire universe |
| Exclusions | Constituents moving out of the Nifty 200 and currently part of the Nifty 200 Alpha 30 are excluded; Rank of stocks goes below 75; |
| Factor Basis | Others |
| Universe | Nifty 200 |
| Weightage | Alpha based weighting. Wt of stock = Alpha Score * FF Market Cap; Max Weight = 5% |
| Stocks Included | Top 30 stocks from the Nifty 200 based on their Jensen's Alpha (based on 1-year trailing prices) are selected. Steps: [A] Jensen's Alpha = R(s) - [Rf + Beta*(Rm-Rf)]; R(s) - return of stock, Rm - return of market, Rf - risk free rate, Beta - Beta of the stock. - Computed using 1-year traliling prices. [B] Alpha Score = (1+ Z score) if Z score >0 (1- Z score)^-1 if Z score < 0; [C] Z-Score = (x- Mean)/Std Deviation; x- jensen alpha of the stock, mean - mean Jensen's Alpha of the entire universe, std deviation - std dev of the Jensen's alpha of the entire universe |
| Exclusions | Constituents moving out of the Nifty 200 and currently part of the Nifty 200 Alpha 30 are excluded; Rank of stocks goes below 75; |
Fund • Last updated: 7/26/2026