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.

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.

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.

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.

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.