Mirae Asset Hang Seng TECH ETF

The Mirae Asset Hang Seng TECH ETF, managed by Mirae Asset Investment Managers, is an open-ended scheme designed to replicate the Hang Seng TECH Total Return Index, focusing on passive investment.

This ETF employs a tracking strategy to closely follow the Hang Seng TECH Index, ensuring minimal tracking error of 0.12%, which reflects efficient replication of the benchmark's performance.

The portfolio is heavily concentrated with top holdings like Tencent Holdings Ltd. at 8.68% and Alibaba Group at 7.46%, indicating a focused approach in international equity investments.

Performance has been robust, with a 1-year change of +42.6% and a 3-year CAGR of 27.3%, showcasing strong returns amidst favorable market conditions for technology stocks.

With an AUM of ₹416.9 Cr and a competitive expense ratio of 0.56%, this ETF offers investors efficient access to technology-focused international equities with solid liquidity.