The Mirae Asset Hang Seng TECH ETF, managed by Mirae Asset Investment Managers, aims to replicate the Hang Seng TECH Total Return Index, offering a passive investment approach in an open-ended structure.

This ETF employs a tracking strategy closely aligned with the Hang Seng TECH Index, ensuring effective replication of index performance with a minimal tracking error of 0.12%.

The portfolio is heavily concentrated, with top holdings including Tencent Holdings (8.68%), Semiconductor Manufacturing International (7.92%), and Alibaba Group (7.46%), reflecting significant exposure to leading tech firms.

Impressive performance metrics reveal a 1-year return of +73.1% and a 3-year CAGR of 33.6%, showcasing strong growth potential amidst favorable market conditions for technology sectors.

With an AUM of ₹416.9 Cr and a low expense ratio of 0.56%, the ETF remains accessible for investors, managed by Mr. Siddharth Srivastava since December 2021, ensuring robust oversight.