Mirae Asset Nifty 50 ETF

The Mirae Asset Nifty 50 ETF, managed by Mirae Asset Investment Managers, aims to replicate the Nifty 50 Index through a market-cap weighted strategy, ensuring broad exposure to India's top companies.

This open-ended fund tracks the Nifty 50 Index (TRI) with a minimal tracking error of 0.02%, reflecting effective management in aligning with its benchmark performance.

The portfolio predominantly features equities, with key holdings like HDFC Bank (13.1%) and ICICI Bank (9.0%), underscoring a concentration in the banking sector, which constitutes 30.6% of total assets.

Over the last three years, the fund achieved a CAGR of 14.1%, while the one-year performance reflects a decline of 4.7%, indicating recent market volatility impacting returns.

With a fund size of ₹4475.4 Cr and an expense ratio of just 0.04%, this ETF offers an efficient investment vehicle, accessible via major exchanges, enhancing liquidity for investors.