The Mirae Asset Nifty 200 Alpha 30 ETF, managed by Mirae Asset Investment Managers, aims to replicate the Nifty 200 Alpha 30 Total Return Index, utilizing a factor-based investment style.

This ETF employs a tracking strategy focused on the Nifty 200 Alpha 30 (TRI) benchmark, ensuring a close correlation with its performance while maintaining a low tracking error of 0.25%.

The portfolio is heavily concentrated in top holdings like One 97 Communications Ltd. and Dixon Technologies, with significant industry allocations in finance and IT, indicating potential concentration risk.

Over the past year, the fund has experienced a decline of 17.4%, highlighting the challenges in the current market environment, with no available data for longer-term CAGR metrics.

With an AUM of ₹424.6 Cr and an expense ratio of 0.47%, the fund remains accessible for investors, managed by Ms. Ekta Gala since October 2023, and listed on major exchanges.