The Mirae Asset Nifty50 Equal Weight ETF, managed by Mirae Asset Investment Managers, aims to replicate the Nifty50 Equal Weight Total Return Index, offering an open-ended investment strategy.

This ETF employs an equal-weighted approach to track the Nifty50 Equal Weight TRI, ensuring diversified exposure across its constituents, minimizing concentration risk inherent in market-cap weighted indices.

The portfolio consists predominantly of equities, with notable holdings like Eternal Ltd. and Hero MotoCorp, reflecting a balanced industry allocation across automobiles, banks, and IT sectors.

Over the past year, the fund has delivered a return of +2.3%, with a low tracking error of 0.26%, indicating efficient tracking of its benchmark amid market fluctuations.

With a fund size of ₹63.0 Cr and an expense ratio of just 0.1%, the ETF is accessible for investors seeking cost-effective exposure to the Indian equity market.