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.

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.

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.

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.

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.