The current market price of Mirae Asset Nifty EV and New Age Automotive ETF is ₹31.72. ETF prices fluctuate during market hours based on demand, supply, and movements in the underlying index or assets.

Mirae Asset Nifty EV and New Age Automotive ETF, managed by Mirae Asset Investment Managers (India) Private Limited, replicates Nifty EV and New Age Automotive TRI, an open-ended equity scheme. It employs a full-replication tracking approach to the Nifty EV and New Age Automotive (TRI), reporting a tracking error of 0.0% and an expense ratio of 0.4% indicating tight replication. Portfolio concentrates in automotive and ancillary names with top holdings such as Mahindra & Mahindra 8.1% and Maruti Suzuki 8.0%, plus multiple 4.0% exposures across ten listed constituents, notable concentration. Performance shows a one-year return of +10.9% (1Y:+10.9%), with limited periods available; low tracking error 0.0% implies tight benchmark alignment, underlining index-like performance attribution over the reported horizon for investors. Operationally the fund lists managers Ms. Ekta Gala and Mr. Akshay Udeshi managing since Jul 2024, reports equity allocation 100.0%, preference 0.0%, cash -0.0%, and an expense ratio of 0.4%.

Mirae Asset Nifty EV and New Age Automotive ETF is designed to track Nifty EV and New Age Automotive (TRI), allowing investors to gain exposure to its underlying securities through a single investment.

The expense ratio of Mirae Asset Nifty EV and New Age Automotive ETF is 0.39%. 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 EV and New Age Automotive ETF is approximately ₹164.93. 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 EV and New Age Automotive 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 EV and New Age Automotive ETF is 0.04%. Tracking error measures how closely the ETF’s performance matches its benchmark index over time.

Mirae Asset Nifty EV and New Age Automotive 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 EV and New Age Automotive ETF has delivered the following returns: 1-year return: -0.09%. 3-year return: -4.54%. 5-year return: -4.54%. Past performance does not guarantee future results.

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