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Overview

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Mirae Asset Nifty PSU Bank ETF, managed by Mirae Asset Investment Managers, is an open-ended passive scheme aimed at replicating the Nifty PSU Bank Total Return Index for investors seeking exposure to public sector banks.

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The ETF employs a replication strategy, closely tracking the Nifty PSU Bank (TRI) benchmark, ensuring minimal tracking error of 0.1%, which reflects its efficiency in mirroring index performance.

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The portfolio is heavily concentrated, with top holdings including State Bank of India at 34.2%, Bank of Baroda at 14.7%, and Canara Bank at 11.9%, indicating significant exposure to a few key players.

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The fund has demonstrated strong performance with a 1-year return of +28.9%, positioning it favorably within its category, although longer-term performance metrics are currently unavailable.

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With a fund size of ₹41.3 Cr and a low expense ratio of 0.18%, the ETF offers cost-effective access to the PSU banking sector, managed by experienced professionals since October 2024.

AMC

Mirae Asset Investment Managers (Indi...

Manager

Ms. Ekta Gala

Benchmark

Nifty PSU Bank (TRI)

Fund Size

41

Expense Ratio (%)

0.18%

Tracking Error (%)

0.10%

PE

Beta

Moderate Risk

Volatility

0.24

Dividend Yield (%)

52W Low

55.21

52W High

86.95

Standard Deviation

1.541

Risk Level

HIGH

Technicals

Bullish

RSI

58.04

EMA 50

81.53

EMA 200

72.92

Technicals

Oscillators

BearishNeutralBullish

Neutral

Bearish

3

Neutral

9

Bullish

2

Overall

BearishNeutralBullish

Bullish

Bearish

13

Neutral

9

Bullish

24

Moving Averages

BearishNeutralBullish

Bullish

Bearish

10

Neutral

0

Bullish

22

Overall

BearishNeutralBullish

Bullish

Bearish

13

Neutral

9

Bullish

24

Holdings(Top 10 Holdings)

CompanyWeightage (%)
State Bank of India34.16%
Bank of Baroda14.68%
Canara Bank11.92%
Punjab National Bank11.84%
Union Bank of India8.21%
Indian Bank7.86%
Bank of India4.56%
Bank of Maharashtra2.78%
Indian Overseas Bank1.35%
Central Bank of India1.14%

Allocation

Industry
Asset
Industry
No ConstituentsNo Constituents

No data found