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 equal-weighted investment strategy.

This ETF employs a tracking approach to mirror the Nifty50 Equal Weight TRI, ensuring a diversified exposure across various sectors while maintaining alignment with the benchmark's performance.

The fund's portfolio is concentrated in top holdings like Tata Motors and HDFC Bank, with significant allocations across industries such as Automobiles and Banks, emphasizing sectoral diversification.

In the past year, the ETF has delivered a return of 6.6%, with a low tracking error of 0.23%, indicating effective benchmark tracking and potentially favorable risk-adjusted performance.

With an AUM of ₹63.97 Cr and an expense ratio of just 0.11%, the fund is positioned for cost efficiency, enhancing overall investor returns while maintaining liquidity in the market.