The Mirae AN Midsmallcap400 Momentum Quality 100 ETF, managed by Mirae Asset Investment Managers, aims to replicate the Nifty MidSmallcap400 Momentum Quality 100 Total Return Index, focusing on factor-based investing.

This ETF utilizes an efficient tracking approach to mirror the benchmark, with a minimal tracking error of 0.12%, ensuring investors gain exposure to the targeted mid and small-cap segments.

The fund's portfolio is entirely equity-based, with top holdings including Suzlon Energy Ltd. and BSE Ltd., reflecting a concentration risk in sectors like Capital Markets and IT - Software.

Over the past year, the ETF has experienced a decline of 2.1%, indicating potential volatility, while longer-term CAGR data remains unavailable, suggesting a need for careful performance assessment.

With an AUM of ₹366.3 Cr and an expense ratio of 0.46%, the fund is positioned competitively, while liquidity and exit load details warrant consideration for potential investors.