The Mirae Asset Nifty 500 Multicap 50:25:25 ETF, managed by Mirae Asset Investment Managers, aims to replicate the Nifty500 Multicap 50:25:25 Total Return Index, offering a market-cap weighted exposure.

This open-ended scheme employs a tracking strategy to align closely with its benchmark, Nifty500 Multicap 50:25:25 (TRI), ensuring effective replication of index performance with a minimal tracking error of 0.09%.

The portfolio is concentrated in top holdings like HDFC Bank Ltd. at 5.48% and ICICI Bank Ltd. at 3.76%, with significant industry allocations in Banks (15.95%) and IT Software (6.74%), indicating moderate sector risk.

Despite a challenging year reflected in a -6.5% change, the fund's expense ratio of 0.15% remains competitive, supporting cost-effective exposure to a diverse multicap strategy with potential for recovery.

Managed by Ms. Ekta Gala since Aug 2024, the fund's current AUM stands at ₹47.3 Cr, providing liquidity for investors, with no exit load suggested for easy trading on exchanges.