Mirae Asset Nifty Next 50 ETF

The Mirae Asset Nifty Next 50 ETF, managed by Mirae Asset Investment Managers, aims to replicate the Nifty Next 50 Total Return Index, representing a passive investment approach in equity markets.

This ETF employs a tracking strategy focused on the Nifty Next 50 Index (TRI), with minimal tracking error of 0.13%, ensuring efficient replication of the benchmark's performance.

The fund's portfolio is heavily concentrated in equity, with top holdings such as Hindustan Aeronautics Ltd. and TVS Motor Company Ltd., reflecting a diverse sector allocation across finance and power industries.

Performance metrics indicate a solid CAGR of 17.3% over three years and 18.5% over five years, showcasing consistent growth and strong returns relative to market benchmarks.

With an AUM of ₹820.9 Cr and a low expense ratio of 0.05%, the ETF is positioned for cost-effective access to the Nifty Next 50, enhancing its appeal for investors.