NFO Alert: Mirae Asset Mutual Fund launches Nifty India Internet ETF

Mirae Asset Mutual Fund has announced the launch of the Mirae Asset Nifty India Internet ETF, an open-ended scheme that replicates/tracks the Nifty India Internet Total Return Index.

The New Fund Offer (NFO) for the Mirae Asset Nifty India Internet ETF will open for subscription on June 18 and close on June 25. The fund will reopen for continuous sale and repurchase on July 2.

This thematic ETF offers investors an opportunity to participate in India’s growing internet-based business ecosystem through a diversified portfolio of companies that derive a significant portion of their revenues from online platforms.

The Nifty India Internet Index is designed to capture the performance of companies operating primarily in the internet domain, including segments such as e-commerce, fintech, web-based media and services, online travel, food delivery, digital entertainment, etc., selected from the Nifty Total Market Index. The index comprises a mix of large, mid, and small-cap companies, with a strong representation of emerging and digitally focused businesses, according to a press release.

The scheme will be managed by Ekta Gala and Akshay Udeshi. The minimum initial investment during the NFO period will be Rs 5,000, and in multiples of Re 1 thereafter.

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“India’s digital economy is not just growing—it is reshaping how businesses operate and how consumers engage. With the launch of the Mirae Asset Nifty India Internet ETF, we are continuing our endeavour to provide investors access to structural, long-term themes through simple and transparent vehicles like ETFs. This product aligns with our view that thematic investing can be a meaningful part of building a future-ready portfolio,” said Swarup Anand Mohanty, Vice Chairman & CEO, Mirae Asset Investment Managers (India).The Nifty India Internet Index includes companies that have a significant reliance on digital and online business models, reflecting the broader internet economy in India. The index is reconstituted semi-annually and rebalanced quarterly. Currently, the index comprises 21 stocks, with the top stock capped at 20% at the time of rebalancing. The portfolio is expected to evolve as more digital and online-centric companies get listed and become part of the eligible universe.“The Mirae Asset Nifty India Internet ETF is designed to reflect the shift in India’s consumption and business landscape, where digital platforms are becoming central to engagement, delivery, and growth. By offering exposure to this evolving theme through an ETF, we aim to provide access to a diversified basket of businesses that are driving India’s ongoing digital transformation,” said Siddharth Srivastava, Head – ETF Products, Mirae Asset Investment Managers (India).

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