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Overview

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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.

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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.

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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.

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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.

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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.

AMC

Mirae Asset Investment Managers (Indi...

Manager

Ms. Ekta Gala

Benchmark

Nifty Metal (TRI)

Fund Size

67

Expense Ratio (%)

0.29%

Tracking Error (%)

0.08%

PE

Beta

High Risk

Volatility

0.24

Dividend Yield (%)

52W Low

7.73

52W High

11.5

Standard Deviation

1.520

Risk Level

Technicals

Bullish

RSI

81.45

EMA 50

10.38

EMA 200

9.68

Technicals

Oscillators

BearishNeutralBullish

Bearish

Bearish

5

Neutral

4

Bullish

5

Overall

BearishNeutralBullish

Bullish

Bearish

5

Neutral

4

Bullish

37

Moving Averages

BearishNeutralBullish

Bullish

Bearish

0

Neutral

0

Bullish

32

Overall

BearishNeutralBullish

Bullish

Bearish

5

Neutral

4

Bullish

37

Holdings(Top 10 Holdings)

CompanyWeightage (%)
Tata Steel Ltd.19.39%
Hindalco Industries Ltd.15.33%
JSW Steel Ltd.14.87%
Vedanta Ltd.10.98%
Adani Enterprises Ltd.9.07%
Jindal Steel Ltd.5.52%
APL Apollo Tubes Ltd.4.25%
NMDC Ltd.3.67%
Jindal Stainless Ltd.3.29%
Hindustan Zinc Ltd.2.91%

Allocation

Industry
Asset
Industry
No ConstituentsNo Constituents

No data found