The current market price of Mirae Asset Nifty IT ETF is ₹40.62. ETF prices fluctuate during market hours based on demand, supply, and movements in the underlying index or assets.

The Mirae Asset Nifty IT ETF, managed by Mirae Asset Investment Managers, is an open-ended fund designed to replicate the Nifty IT Total Return Index, offering a passive investment approach. This ETF primarily invests in leading IT companies, with Infosys Ltd. and Tata Consultancy Services Ltd. being the largest holdings, representing a combined allocation of over 51%. With a fund size of ₹140.0 Cr, the ETF's performance over the past year has seen a decline of -9.7%, which contrasts with its low tracking error of 0.05%. The expense ratio of just 0.1% reflects efficient cost management, essential for a fund of this size, ensuring investors retain more of their returns over time. Fund managers Ms. Ekta Gala and Mr. Ritesh Patel bring diverse expertise, with Gala managing since October 2023, while Patel is set to begin in March 2025.

Mirae Asset Nifty IT ETF is designed to track Nifty IT (TRI), allowing investors to gain exposure to its underlying securities through a single investment.

The expense ratio of Mirae Asset Nifty IT ETF is 0.10%. This represents the annual fee charged by the fund house for managing the ETF and is deducted from the fund’s assets.

The Assets Under Management (AUM) of Mirae Asset Nifty IT ETF is approximately ₹140.05. AUM reflects the total market value of assets managed by the ETF and is often used as an indicator of fund size and liquidity.

Mirae Asset Nifty IT ETF is classified under the as per the risk-o-meter defined by the fund house risk category. The risk level depends on the volatility of the underlying index, market conditions, and asset composition of the ETF.

The tracking error of Mirae Asset Nifty IT ETF is 0.05%. Tracking error measures how closely the ETF’s performance matches its benchmark index over time.

Mirae Asset Nifty IT ETF does not currently declare dividends and may reinvest earnings into the fund. Dividend treatment depends on the ETF structure and fund house policy.

Based on available data, Mirae Asset Nifty IT ETF has delivered the following returns: 1-year return: -6.66%. 3-year return: 31.97%. 5-year return: 31.97%. Past performance does not guarantee future results.

Before investing in Mirae Asset Nifty IT ETF, investors generally consider the underlying index, expense ratio, tracking error, risk profile, liquidity, and how the ETF fits within their overall portfolio strategy.