The Mirae Asset Nifty Midcap 150 ETF, managed by Mirae Asset Investment Managers, aims to replicate the Nifty Midcap 150 Total Return Index, positioning itself within the passive investment category.

Employing a tracking strategy focused on the Nifty Midcap 150 Index, this ETF demonstrates a low tracking error of 0.04%, reflecting its efficient replication of the benchmark's performance.

With a fund size of ₹1239.7 Cr, the ETF exhibits a concentrated portfolio, with top holdings including BSE Ltd. and Hero MotoCorp Ltd., highlighting potential concentration risks.

Performance metrics reveal a robust 1-year return of +8.6% and a notable 3-year CAGR of 23.2%, indicating strong growth against market fluctuations and a solid risk-return profile.

The fund's expense ratio is a mere 0.05%, enhancing its appeal within the market, while it is managed by experienced professionals, ensuring effective oversight and operational efficiency.