The Mirae Asset Nifty PSU Bank ETF, managed by Mirae Asset Investment Managers, aims to replicate the Nifty PSU Bank Total Return Index, providing passive exposure to the PSU banking sector.

With a tracking error of just 0.1%, this ETF efficiently mirrors the Nifty PSU Bank (TRI), ensuring minimal deviation from its benchmark and enhancing investor confidence in performance consistency.

The fund's portfolio is heavily concentrated, with State Bank of India representing 34.2%, followed by Bank of Baroda at 14.7%, indicating potential risks from high concentration in a few key holdings.

Over the past year, the ETF has delivered a robust return of 12.7%, showcasing its resilience amidst market fluctuations and validating its strategic positioning within the PSU banking sector.

With an expense ratio of 0.18%, the fund is cost-efficient, and its current AUM of ₹41.3 Cr reflects growing investor interest, while liquidity remains accessible through NSE trading.