MIRAE ASSET NIFTY NEXT 50 ETF

Mirae Asset Investment Managers Our Global Exchange Traded Funds (ETF) Presence

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Global ETF AUM Growth US Japan (USD bn.) South Korea

India 54bn Colombia 39bn 29bn 20bn Brazil 2017 2018 2019 2020

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Mirae Asset offers diversified ETF globally as one of the largest ETF provider

As on March 2021 Source: Mirae Asset Group Internal Research

1 Mirae Asset Mutual Fund ETF Market Growth

ETF AUM (in Cr) 316,289 ETF/ Equity AUM 290,053 29% 30%

24%

154,338 139,550 14% 10% 78,212 7% 50,215 4% 4% 11,403 12,838 20,699

Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 May-21 Dec'14 Dec'15 Dec'16 Dec'17 Dec'18 Dec'19 Dec'20 May'21

❑ In last five years Indian ETF has clocked a CAGR of 69% per annum.

❑ Primarily drivers: ➢ Employees Provident Funds Organization (EPFO) investments in NIFTY 50 & Sensex ETFs ➢ Disinvestment of public companies via ETFs by government. ➢ Issuance of Central Public Sector Enterprise (CPSE) Bond via Issuer Driven ETF ➢ Low cost of Large Cap ETFs over Mutual funds

Source: ACE MF and AMFI as on June 30, 2021.

2 Mirae Asset Mutual Fund ETF v/s MF performance

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

NIFTY 50 74% 85% 89% 67% 63% 4.0 1.7 2.0 0.4 -0.1 NIFTY Next 44% 19% 89% 85% 85% -0.5 -1.4 1.4 1.8 1.7 50

• NIFTY 50 ETFs have outperformed more than 85 % of large cap mutual funds in 3 year and 5 year respectively.

• For investment horizon of 5 years or more, NIFTY Next 50 ETFs have outperformed at least 85% of large-cap mutual fund.

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

Source: ACE MF, as on June 30 2021. * Based on 27 Large cap, funds (Regular: Growth). *Large Cap Mutual funds based on the SEBI circular on categorization and rationalization of Mutual Fund Scheme. Large cap funds are defined as minimum investment in equity & equity related instruments of large cap companies- 80% of total assets Past performance may or may not sustain in future. The above is performance of the category and does not in any manner indicate the performance of any individual scheme of Mutual Fund.

3 Mirae Asset Mutual Fund Mirae Asset ETF Advantages

Continuous liquidity Low spread on exchange Lower effective spread after considering STT Provided by AP on exchange at all times and brokerage. For large order, the AP can around latest real time NAV (iNAV). quote at negotiate price around with effective spread of ~0 bps

Dedicated ETF team Relatively Low cost to expedite all processes to trade in Mirae Asset ETFs

4 Mirae Asset Mutual Fund Advantages of market maker in Mirae ETF

Lower Bid-Ask Spread

Continuous No additional ALGO driven spread by market Quotation maker

Large orders can be executed Lower Impact easily at a single price without Cost additional spread

5 Mirae Asset Mutual Fund MIRAE ASSET NIFTY NEXT 50 ETF (An open ended scheme replicating/tracking Nifty Next 50 Index) NIFTY Next 50 Index: Profile Parameter NIFTY 50 Index NIFTY Next 50 Index NIFTY Midcap 150 Index 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 2,46,864 67,511 25,694 Avg. MCap (Top 25) 3,94,470 90,338 47,918

Avg. MCap (Next 25) 99,259 44,684 31,407 LTD.(10.0 ADANI ENTERPRISES LTD.(3.81) Top 5 Stocks ADANI TOTAL GAS LTD.(1.82) 1)

HDFC BANK LTD.(9.59) INFOEDGE LTD (3.50) LAURUS LABS LTD (1.75)

APOLLO HOSPITALS ENTERPRISE SHRIRAM TRANSPORT FINANCE LTD. (8.60) LTD (3.35) (% Weight) CORP. LTD. (1.75) HOUSING DEVELOPMENT FINAN AVENUE SUPERMARTS LTD. (3.28 CROMPTON GREAVES CONSUME CE CORPORATION (6.55) ) R ELECTRICALS LTD. (1.67) LTD.(3.24 ICICI BANK LTD (6.41) LTD (1.54) )

NIFTY Next 50 Index aims to captures the essence of large caps and midcaps

Source NSE June 30, 2021 * The sector(s)/stock(s)/issuer(s) mentioned in this presentation do not constitute any research report/recommendation of the same. *Large Cap Mutual funds based on the SEBI circular on categorization and rationalization of Mutual Fund Scheme. Large cap funds are defined as minimum investment 80% of total assets in equity & equity related7 instruments of large cap companies. * Mid Cap Mutual funds based on the SEBI circular on categorization and rationalization of Mutual Fund SchemeMirae. Mid Assetcap Mutualfunds Fundare defined as minimum investment of 65% of total assets in equity & equity related instruments of mid cap companies NIFTY Next 50 Index : Sector distribution

Nifty Next 50 Index Nifty 50 Index

37%

18% 18% 17%

13% 11% 12% 8% 8% 5% 5% 4% 4% 4% 3% 3% 2% 2% 2% 2% 2% 1%

Consumer Financial Pharma Metals Oil and Gas Power Cement & Automobile Telecom IT Services Goods Services Cement Products

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

Source: NSE, as on June 30, 2021. The sector(s)/stock(s)/issuer(s) mentioned in this presentation do not constitute any research report/recommendation of the same.

8 Mirae Asset Mutual Fund NIFTY Next 50 Index : Stock distribution

WEIGHTAGE DISTRIBUTION Top Stocks by weight (in %) Top 15 stocks in NIFTY Next 50 Index Bottom 5 2% ADANI ENTERPRISES LTD. 3.81 Stocks 5% () LTD. 3.50 ENTERPRISE LTD. 3.35 Top 5 41% AVENUE SUPERMARTS LTD. 3.28 Stocks 17% ADANI GREEN ENERGY LTD. 3.24 ICICI LOMBARD GENERAL INSURANCE COMPANY LTD. 3.15 Top 10 59% VEDANTA LTD. 3.06 Stocks 32% INDIA LTD. 3.05 LTD. 3.03 Top 20 76% LTD. 3.02 Stocks 56% LUPIN LTD. 2.54 PIRAMAL ENTERPRISES LTD. 2.54 LTD. 2.52 1% Median LTD. 2.50 2% GAIL (INDIA) LTD. 2.45 NIFTY 50 Index NIFTY Next 50 Index

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

Source: NSE, as on June 30, 2021. The sector(s)/stock(s)/issuer(s) mentioned in this presentation do not constitute any research report/recommendation of the same.

9 Mirae Asset Mutual Fund WHY NIFTY NEXT 50 Index? NIFTY Next 50 Index : Aims to capture potential blue chips of tomorrow

Some of the Stocks that moved from NIFTY Next 50 to NIFTY 50 in last 10 years (June’21) S. No Name S. No Name 1 ADANI PORTS AND SPECIAL ECONOMIC ZONE 14 JSW STEEL 2 15 3 16 4 17 5 18 6 19 ULTRATECH CEMENT 7 20 UPL 8 21 VEDANTA 9 DR. REDDY'S LABORATORIES 22 ZEE ENTERTAINMENT ENTERPRISES 10 23 SHREE CEMENTS LIMITED 11 24 HDFC LIFE INSURANCE COMPANY LIMITED 12 25 DIVI’S LABORATORIES LIMITED 13 INDUSIND BANK 26 SBI LIFE INSURANCE LIMITED

NIFTY Next 50 Index portfolio aims to captures the potential blue chips of tomorrow, today !

Source: NSE, as on June 30, 2021. The sector(s)/stock(s)/issuer(s) mentioned in this presentation do not constitute any research report/recommendation of the same.

11 Mirae Asset Mutual Fund NIFTY Next 50 Index : Provides an alternate exposure in large cap segment

Industry based exposure (Top 15 sectors) Sector Average of all Large Cap Funds NIFTY 50 ETF NIFTY Next 50 ETF Healthcare 6.27 3.25 16.42 FMCG 6.33 8.59 12.75 Inds. Gases & Fuels 1.10 0.00 5.94 Power 1.97 1.65 5.50 IT 15.00 16.76 5.45 Automobile & Ancillaries 5.38 5.41 5.30 Finance 7.53 10.14 5.16 Insurance 2.12 1.43 5.01 Bank 25.26 26.38 4.50 Chemicals 2.15 2.36 4.39 Non - Ferrous Metals 1.34 0.75 4.22 Construction Materials 3.31 1.84 3.79 Telecom 3.18 1.97 2.00 Crude Oil 7.30 11.73 1.62 Mining 0.96 0.42 1.43

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

Source: ACE MF. Industry based exposure data is as on as on March 31, 2021. The sector(s)/stock(s)/issuer(s) mentioned in this presentation do not constitute any research report/recommendation of the same.

12 Mirae Asset Mutual Fund NIFTY Next 50 Index : Return and risk profile

Returns Return to Risk Ratio NIFTY Midcap 1 Period NIFTY 50 NIFTY NEXT 50 NIFTY Midcap 100 NIFTY 50 NIFTY NEXT 50 00 Index Index Index Index Index Index 10 Years 12.2% 14.5% 14.3% 0.70 0.80 0.76 7 Years 12.3% 14.2% 14.8% 0.70 0.77 0.76 5 Years 15.1% 14.8% 15.5% 0.83 0.80 0.78 3 Years 15.0% 11.9% 15.2% 0.69 0.58 0.68 1 Years 54.6% 50.6% 85.0% 3.25 3.10 4.51 6 months 13.2% 18.7% 29.9% 0.73 1.09 1.54 3 months 6.4% 13.1% 14.4% 0.44 0.86 0.80

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

Source: NSE, as on June 30, 2021 Returns of period more than 1 year are CAGR returns. Past performance may or may not sustain in future. The above is performance of the Index and does not in any manner indicate the performance of any individual scheme of Mutual Fund.

13 Mirae Asset Mutual Fund NIFTY Next 50 Index : Calendar year returns

NIFTY 50 Index NIFTY Next 50 Index NIFTY Midcap 100 Index

58% 50% 49% 46% 48% 41% 33% 29% 30% 30% 23% 19% 16%16% 13% 13% 8% 8% 8% 8% 8% 6% 4% 5% 2%

-4% -3% -3% -8% -15%

-24% -31%-30%

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 YTD 2021 Since 2011, NIFTY Next 50 Index has outperformed NIFTY 50 Index in 6 Calendar years respectively.

Source: NSE, as on June 30, 2021. Returns of period more than 1 year are CAGR returns. Past performance may or may not sustain in future. The above is performance of the Index and does not in any manner indicate the performance of any individual scheme of Mutual Fund.

14 Mirae Asset Mutual Fund NIFTY Next 50 Index : Rolling returns

Average Rolling Returns 3 years investment horizon 1 year investment horizon NIFTY 50 NIFTY NEXT 50 NIFTY Midcap NIFTY 50 NIFTY NEXT 50 NIFTY Midcap Period Index Index 100 Index Index Index 100 Index 14 years 12.8% 14.8% 14.0% 13.4% 18.5% 17.5% 10 years 11.3% 14.7% 12.9% 11.5% 13.8% 13.5% 7 years 12.4% 16.0% 14.6% 14.0% 17.5% 18.9% 5 years 11.0% 13.3% 12.2% 13.6% 13.3% 13.5% 3 years 11.0% 7.7% 5.2% 11.9% 5.5% 6.7% 1 year 10.2% 3.9% 3.0% 26.2% 24.0% 37.4%

Average rolling returns greater than 5 years time of NIFTY Next 50 Index is consistently better than NIFTY Midcap 100 Index & NIFTY 50 Index in longer horizon

Source: NSE, as on June 30, 2021. 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 (daily average), with investment horizon/period of 3 years. The above is performance of the Index and does not in any manner indicate the performance of any individual scheme of Mutual Fund

15 Mirae Asset Mutual Fund Mirae Asset NIFTY Next 50 ETF

▪ Listing: NSE & BSE ▪ Transaction Options: ▪ Through : In multiple of 1 unit, around real time NAV price (NAV : 383.439 as on June 30, 2021) ▪ Through AMC: In multiples of 10,000 units , around real time NAV price

Returns: Expense Ratio: Price & Div. Reinvestment returns similar 14 bps* to NIFTY Next 50 TR Index (Benchmark) subject to tracking error

ETF Units: Authorized Participants: Creation Unit Size = 10,000 units Mirae Asset Capital Markets (India) (Approx. 34,59,780 INR*)

Listing: Others: NSE (MANXT50) & BSE (542922 ) iNAV available on Website

Source: ACE MF, as on June 30, 2021 . * Effective from Feb 12, 2020

16 Mirae Asset Mutual Fund Summary: Why Mirae Asset NIFTY Next 50 ETF NIFTY Next 50 blends the flavor of large cap and midcap segment

❑ Historical Performance of Nifty Next 50 Index

➢ NIFTY Next 50 has provided higher average rolling returns than NIFTY Midcap 100 Index & NIFTY 50 Index in

longer horizon of 5 years and more.

➢ 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

➢ For investment horizon of 5 years or more, NIFTY Next 50 ETFs have outperformed at least 85% of large-

cap mutual fund.

❑ Portfolio

➢ More diversified than NIFTY 50 Index at both stock and sector level

➢ Provides different stock & sector level exposure compared to Large cap MFs and NIFTY 50 ETF

NIFTY Next 50 Index aims to provides the stability of large cap with return potential of midcap

Source: ACE MF and NSE June 30, 2021. Past performance may or may not sustain in future

17 Mirae Asset Mutual Fund Real time NAV on Mirae Asset Website

The above mentioned figures are for illustration purpose only

18 Mirae Asset Mutual Fund THANK YOU ANNEXURE How to trade in an ETF ?

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

Also a buyer and Ensures trading seller of 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.

21 Mirae Asset Mutual Fund 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 50 by investing in the index portfolio

22 Mirae Asset Mutual Fund 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

23 Mirae Asset Mutual Fund 24 Mirae Asset Mutual Fund 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/57869 dated August 21, 2018 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 DCS/IPO/LK/MF/IP/801 2018-19 dated August 21, 2018 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.

There is no guarantee or assurance of returns/income generation/capital protection in any scheme of the Fund.

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.

25 Mirae Asset Mutual Fund THANK YOU