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Overview

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The Mirae Asset Nifty Financial Services ETF - RG, managed by Mirae Asset Investment Managers, aims to replicate the Nifty Financial Services Total Return Index, offering passive investment exposure.

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This ETF employs a tracking strategy aligned with the Nifty Financial Services TRI, ensuring minimal tracking error of 0.02%, reflecting efficient index replication.

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The portfolio is heavily concentrated, with top holdings like HDFC Bank at 32.1% and ICICI Bank at 21.3%, primarily focused on the banking sector, which constitutes 75.1% of total assets.

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Over the past year, the fund has delivered a robust return of 17.4%, with a three-year CAGR of 13.6%, showcasing consistent performance amid market fluctuations.

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With an expense ratio of 0.12% and an AUM of ₹420.2 Cr, the fund maintains operational efficiency, managed by experienced professionals since mid-2021.

AMC

Mirae Asset Investment Managers (Indi...

Manager

Ms. Ekta Gala

Benchmark

Nifty Financial Services Total Return...

Fund Size

420

Expense Ratio (%)

0.12%

Tracking Error (%)

0.02%

PE

Beta

Moderate Risk

Volatility

0.14

Dividend Yield (%)

52W Low

22.67

52W High

29

Standard Deviation

0.871

Risk Level

Technicals

Bullish

RSI

65.38

EMA 50

28.29

EMA 200

27.07

Technicals

Oscillators

BearishNeutralBullish

Neutral

Bearish

2

Neutral

9

Bullish

3

Overall

BearishNeutralBullish

Bullish

Bearish

8

Neutral

10

Bullish

28

Moving Averages

BearishNeutralBullish

Bullish

Bearish

6

Neutral

1

Bullish

25

Overall

BearishNeutralBullish

Bullish

Bearish

8

Neutral

10

Bullish

28

Holdings(Top 10 Holdings)

CompanyWeightage (%)
HDFC Bank Ltd.32.13%
ICICI Bank Ltd.21.28%
State Bank of India8.01%
Axis Bank Ltd.7.17%
Kotak Mahindra Bank Ltd.6.48%
Bajaj Finance Ltd.5.88%
Bajaj Finserv Ltd.2.53%
Jio Financial Services Ltd.2.13%
Shriram Finance Ltd.1.91%
BSE Ltd.1.84%

Allocation

Industry
Asset
Industry
No ConstituentsNo Constituents

No data found

Peers

No ConstituentsNo Constituents