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

This ETF tracks the Nifty Metal (TRI) benchmark, employing a replication method that ensures minimal tracking error, currently recorded at a low 0.08%, enhancing investor confidence in performance consistency.

Top holdings include Tata Steel Ltd. at 19.4% and Hindalco Industries Ltd. at 15.3%, indicating a concentrated portfolio heavily reliant on a few key players, which poses potential concentration risks.

Over the past year, the fund has delivered an impressive return of +13.8%, showcasing its effective alignment with market movements within the metal sector and reflecting a robust performance narrative.

With an expense ratio of 0.29% and an AUM of ₹67.1 Cr, the fund is positioned competitively, offering efficient access to the metal industry while maintaining low operational costs for investors.