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Overview

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The Mirae Asset Nifty Bank ETF, managed by Mirae Asset Investment Managers, aims to replicate the Nifty Bank Total Return Index, providing passive exposure to the banking sector.

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This ETF employs a strategy of tracking the Nifty Bank Index (TRI) with a minimal tracking error of 0.02%, ensuring close alignment with its benchmark performance.

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The fund's portfolio is heavily concentrated in major banking stocks, with HDFC Bank and ICICI Bank comprising over 52% of total holdings, indicating potential concentration risk.

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Performance over the past year has been robust, with a change of +16.3%, reflecting strong market conditions for banking equities and effective tracking of the underlying index.

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With an expense ratio of just 0.1% and a fund size of ₹252.3 Cr, this ETF offers a cost-efficient investment vehicle for gaining exposure to the Indian banking sector.

AMC

Mirae Asset Investment Managers (Indi...

Manager

Ms. Ekta Gala

Benchmark

Nifty Bank Index (TRI)

Fund Size

252

Expense Ratio (%)

0.10%

Tracking Error (%)

0.02%

PE

Beta

Low Risk

Volatility

0.13

Dividend Yield (%)

52W Low

481.65

52W High

608.06

Standard Deviation

0.825

Risk Level

Technicals

Bullish

RSI

51.43

EMA 50

590.29

EMA 200

558.32

Technicals

Oscillators

BearishNeutralBullish

Neutral

Bearish

1

Neutral

9

Bullish

4

Overall

BearishNeutralBullish

Bullish

Bearish

5

Neutral

9

Bullish

32

Moving Averages

BearishNeutralBullish

Bullish

Bearish

4

Neutral

0

Bullish

28

Overall

BearishNeutralBullish

Bullish

Bearish

5

Neutral

9

Bullish

32

Holdings(Top 10 Holdings)

CompanyWeightage (%)
HDFC Bank Ltd.28.49%
ICICI Bank Ltd.24.38%
State Bank of India9.18%
Kotak Mahindra Bank Ltd.8.96%
Axis Bank Ltd.8.78%
Other Equities5.20%
Indusind Bank Ltd.3.14%
Bank of Baroda3.10%
The Federal Bank Ltd.3.08%
IDFC First Bank Ltd.2.99%

Allocation

Industry
Asset
Industry
No ConstituentsNo Constituents

No data found

Peers

No ConstituentsNo Constituents