The Mirae Asset Nifty Metal ETF, managed by Mirae Asset Investment Managers, aims to replicate the Nifty Metal Total Return Index, focusing on sector-specific investments within the metal industry.

This ETF employs a tracking strategy to closely follow the Nifty Metal TRI, ensuring minimal tracking error of just 0.08%, which enhances its efficiency in mirroring the benchmark's performance.

The fund's portfolio exhibits significant concentration, with top holdings such as Tata Steel Ltd. (19.4%) and Hindalco Industries Ltd. (15.5%), presenting potential risks associated with limited diversification.

Over the past year, the ETF has achieved a modest return of 2.0%, reflecting the sector's performance dynamics, though longer-term CAGR metrics are not available to assess sustained growth.

With a fund size of ₹49.3 Cr and an expense ratio of 0.28%, the ETF remains accessible for investors, managed by Ms. Ekta Gala and Mr. Akshay Udeshi since October 2024.