The current market price of Mirae Asset Nifty Bank ETF is ₹611.36. ETF prices fluctuate during market hours based on demand, supply, and movements in the underlying index or assets.

The Mirae Asset Nifty Bank ETF, managed by Mirae Asset Investment Managers, aims to replicate the Nifty Bank Total Return Index, offering investors a passive investment strategy focused on the banking sector. This ETF tracks the Nifty Bank Index (TRI) with a low tracking error of 0.02%, ensuring efficient replication of the underlying index and providing a reliable investment vehicle. The fund's portfolio is heavily concentrated in top banking stocks, with HDFC Bank and ICICI Bank comprising over 52.9% of the total assets, which indicates potential concentration risk. In the past year, the ETF has delivered a robust performance with a change of +20.98%, showcasing its effectiveness in aligning with the banking sector's growth. With an expense ratio of just 0.1% and a fund size of ₹252.3 Cr, this ETF presents a cost-effective option for investors seeking exposure to the Indian banking sector.

Mirae Asset Nifty Bank ETF is designed to track Nifty Bank Index (TRI), allowing investors to gain exposure to its underlying securities through a single investment.

The expense ratio of Mirae Asset Nifty Bank ETF is 0.10%. 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 Nifty Bank ETF is approximately ₹252.28. 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 Nifty Bank 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 Nifty Bank ETF is 0.02%. Tracking error measures how closely the ETF’s performance matches its benchmark index over time.

Mirae Asset Nifty Bank 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 Nifty Bank ETF has delivered the following returns: 1-year return: 23.01%. 3-year return: 32.36%. 5-year return: 32.36%. Past performance does not guarantee future results.

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