The Mirae Asset Gold ETF, managed by Mirae Asset Investment Managers, aims to replicate the domestic price of gold, operating as an open-ended exchange-traded fund with a passive investment style.

This ETF tracks the domestic price of physical gold, employing a replication strategy that ensures close alignment with its benchmark, which is the domestic price of gold.

The portfolio is heavily concentrated in gold, comprising 97.82% of total assets, with a minor allocation of 2.18% towards cash and other receivables, indicating a focused investment approach.

Over the past year, the fund has delivered an impressive return of +57.1%, showcasing strong performance within the gold market, supported by a tracking error of 0.36%.

With an AUM of ₹1027.3 Cr and a low expense ratio of 0.35%, the fund is well-positioned for investors seeking exposure to gold, under the management of experienced professionals.