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, focusing on thematic investment.

This ETF employs a tracking strategy with an efficient tracking error of 0.11%, aligning closely with its benchmark, the Nifty India New Age Consumption (TRI), for optimal performance.

The portfolio is concentrated in major holdings like Titan Company Ltd. and Interglobe Aviation Ltd., with a significant tilt towards the automobiles and retailing sectors, reflecting a 99.91% equity allocation.

Performance over the past year shows a decline of -1.6%, indicating market challenges, while the ETF's expense ratio of 0.34% remains competitive given its thematic focus.

As of September 2025, the fund size stands at ₹36.3 Cr, with management led by Ms. Ekta Gala and Mr. Akshay Udeshi since December 2024, ensuring a fresh perspective on operations.