The current market price of Mirae Asset Nifty EV and New Age Automotive ETF is ₹30.65. ETF prices fluctuate during market hours based on demand, supply, and movements in the underlying index or assets.

The Mirae Asset Nifty EV and New Age Automotive ETF, managed by Mirae Asset Investment Managers, aims to replicate the Nifty EV and New Age Automotive Total Return Index as a passive investment scheme. This ETF employs a tracking approach to align closely with the Nifty EV and New Age Automotive benchmark, ensuring minimal tracking error of just 0.04%. With a total fund size of ₹170.6 Cr, the ETF holds significant equity exposure, with top allocations to Tata Motors Ltd. (8.31%), Maruti Suzuki India Ltd. (8%), and Mahindra & Mahindra Ltd. (7.88%). Over the past year, the ETF has demonstrated a modest performance increase of 2.4%, reflecting the evolving dynamics in the electric vehicle and automotive sectors. The expense ratio stands at 0.39%, indicating efficient cost management relative to the fund's complexity, while the fund is managed by Ms. Ekta Gala and Mr. Akshay Udeshi since July 2024.

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 ₹170.57. 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: 6.83%. 3-year return: -7.76%. 5-year return: -7.76%. 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.