Mirae Asset Nifty50 Equal Weight ETF

The current market price of Mirae Asset Nifty50 Equal Weight ETF is ₹334.49. ETF prices fluctuate during market hours based on demand, supply, and movements in the underlying index or assets.

The Mirae Asset Nifty50 Equal Weight ETF, managed by Mirae Asset Investment Managers, aims to replicate the Nifty50 Equal Weight Total Return Index, focusing on equal-weighted investment strategies. This ETF employs a tracking approach to mirror the benchmark, the Nifty50 Equal Weight (TRI), ensuring that each constituent is represented equally within the portfolio. With an AUM of ₹63.97 Cr, the fund's top holdings include Tata Motors Ltd. and Hindalco Industries Ltd., each contributing approximately 2.07% to the portfolio, highlighting a concentrated approach to top companies. Over the past year, the ETF has demonstrated a change of +4.6%, with a tracking error of 0.23%, indicating a strong alignment with its benchmark while maintaining a stable performance profile. The fund features a low expense ratio of 0.11%, enhancing its attractiveness for investors seeking cost-effective exposure to the Indian equity market through an equal-weighted strategy.

Mirae Asset Nifty50 Equal Weight ETF is designed to track Nifty50 Equal Weight (TRI), allowing investors to gain exposure to its underlying securities through a single investment.

The expense ratio of Mirae Asset Nifty50 Equal Weight ETF is 0.11%. This represents the annual fee charged by the fund house for managing the ETF and is deducted from the fund’s assets.

The Assets Under Management (AUM) of Mirae Asset Nifty50 Equal Weight ETF is approximately ₹63.97. AUM reflects the total market value of assets managed by the ETF and is often used as an indicator of fund size and liquidity.

Mirae Asset Nifty50 Equal Weight ETF is classified under the as per the risk-o-meter defined by the fund house risk category. The risk level depends on the volatility of the underlying index, market conditions, and asset composition of the ETF.

The tracking error of Mirae Asset Nifty50 Equal Weight ETF is 0.23%. Tracking error measures how closely the ETF’s performance matches its benchmark index over time.

Mirae Asset Nifty50 Equal Weight ETF does not currently declare dividends and may reinvest earnings into the fund. Dividend treatment depends on the ETF structure and fund house policy.

Based on available data, Mirae Asset Nifty50 Equal Weight ETF has delivered the following returns: 1-year return: 7.39%. 3-year return: 7.39%. 5-year return: 7.39%. Past performance does not guarantee future results.

Before investing in Mirae Asset Nifty50 Equal Weight ETF, investors generally consider the underlying index, expense ratio, tracking error, risk profile, liquidity, and how the ETF fits within their overall portfolio strategy.