The Mirae Asset Nifty India New Age Consumption ETF, managed by Mirae Asset Investment Managers, aims to replicate the Nifty India New Age Consumption Total Return Index through a thematic investment approach.

Utilizing a tracking strategy focused on the Nifty India New Age Consumption TRI, the fund maintains a minimal tracking error of 0.1%, ensuring alignment with its benchmark performance.

The portfolio is heavily concentrated in equities, with top holdings including Eternal Ltd. and Maruti Suzuki, reflecting a diverse industry allocation, predominantly in automobiles and retailing sectors.

Over the past year, the fund has experienced a decline of 2.4%, highlighting the importance of monitoring performance consistency against market conditions and the thematic investment strategy.

With an AUM of ₹31.3 Cr and an expense ratio of 0.33%, the fund remains accessible, managed by Ms. Ekta Gala and Mr. Akshay Udeshi since December 2024, ensuring professional oversight.