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

This ETF tracks the Nifty India Manufacturing Index (TRI) efficiently, with a minimal tracking error of 0.05%, ensuring close alignment with its benchmark performance.

The fund's portfolio is heavily weighted towards the automobile sector at 22.15%, with top holdings including Reliance Industries and Maruti Suzuki, indicating a moderate concentration risk.

Over the past year, the fund has delivered a commendable return of 9.3%, with a robust 3-year CAGR of 21.8%, reflecting its strong performance in the manufacturing sector.

With an AUM of ₹211.3 Cr and an expense ratio of 0.53%, the ETF offers competitive operational efficiency, managed by Ms. Ekta Gala since January 2022 and Mr. Akshay Udeshi from March 2025.