Mirae Asset Nifty IT ETF

The Mirae Asset Nifty IT ETF, managed by Mirae Asset Investment Managers, aims to replicate the Nifty IT Total Return Index, offering a passive investment strategy focused on the IT sector.

This ETF employs a tracking approach to closely align with the Nifty IT (TRI) benchmark, ensuring minimal tracking error of just 0.05%, enhancing its efficiency in tracking performance.

The portfolio is heavily concentrated, with top holdings like Infosys (29.2%) and TCS (21.9%) dominating, indicating a potential concentration risk within the IT sector.

Over the past year, the fund has faced a decline of 12.7%, reflecting the volatility in the IT sector, while the tracking error remains low, signifying effective benchmark alignment.

With an AUM of ₹140.0 Cr and a low expense ratio of 0.1%, the fund remains accessible, supported by experienced managers, Ms. Ekta Gala and Mr. Ritesh Patel.