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, focusing on factor-based investment strategies.

This ETF utilizes a tracking approach to mirror the performance of its benchmark, the Nifty 200 Alpha 30 (TRI), ensuring efficient replication of index returns.

The fund's portfolio is heavily concentrated in top holdings like Fortis Healthcare Ltd. and Coforge Ltd., with significant industry allocations in finance and automobiles, indicating potential concentration risks.

Over the past year, the fund has experienced a slight decline of -0.7%, with a tracking error of 0.25%, suggesting a close alignment with its benchmark despite recent performance challenges.

With an AUM of ₹420.1 Cr and a low expense ratio of 0.47%, this ETF offers cost-effective access to a diversified portfolio, managed by experienced professionals since late 2023.