The Mirae Asset Nifty India Manufacturing ETF, managed by Mirae Asset Investment Managers, aims to replicate the Nifty India Manufacturing Total Return Index, offering a passive investment strategy.

This ETF closely tracks the Nifty India Manufacturing Index (TRI) with a minimal tracking error of 0.05%, ensuring efficient performance relative to its benchmark.

The portfolio exhibits a concentration in the automobile sector, with top holdings including Maruti Suzuki (5.35%) and Mahindra & Mahindra (5.01%), highlighting potential concentration risks.

Performance metrics show a 1-year decline of -6.0%, while the 3-year CAGR stands at an impressive 22.1%, reflecting strong historical returns against market fluctuations.

With an AUM of ₹203.1 Cr and an expense ratio of 0.53%, the fund remains accessible, managed by Ms. Ekta Gala since January 2022, with liquidity considerations implied by its open-ended structure.