The Mirae Asset BSE Select IPO ETF, managed by Mirae Asset Investment Managers, is an open-ended passive scheme aimed at replicating the BSE Select IPO Total Return Index.

This ETF employs a tracking strategy to closely follow the BSE Select IPO (TRI), ensuring efficient replication of index performance with a low tracking error of 0.24%.

The portfolio is concentrated in top holdings like Eternal Ltd. and Jio Financial Services Ltd., with a significant industry tilt towards retailing and finance, highlighting potential concentration risks.

Over the past year, the fund has achieved an impressive return of 22.2%, reflecting strong performance in the IPO space and aligning with market trends.

With an AUM of ₹15.8 Cr and a competitive expense ratio of 0.35%, the ETF remains accessible for investors seeking exposure to IPOs without high costs.