The Mirae Asset Nifty Financial Services ETF - RG, managed by Mirae Asset Investment Managers, is an open-ended fund aiming to replicate the Nifty Financial Services Total Return Index, focusing on sector-specific investments.

Utilizing a tracking approach, this ETF closely mirrors the Nifty Financial Services Total Return Index, ensuring efficient replication with a minimal tracking error of just 0.02%.

The portfolio is heavily concentrated in the banking sector, with top holdings such as HDFC Bank and ICICI Bank making up over 55% of the assets, indicating potential concentration risk.

In terms of performance, the fund has shown a change of +5.5% over the past year and a robust CAGR of 15.0% over three years, demonstrating strong growth despite market fluctuations.

With a fund size of ₹411.4 Cr and a low expense ratio of 0.12%, this ETF offers cost-efficient access to the financial services sector, listed for trading on major exchanges.