Mirae Asset Nifty Smallcap 250 Momen.Quali. 100ETF

The Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF, managed by Mirae Asset Investment Managers, aims to replicate the Nifty Smallcap 250 Momentum Quality 100 Total Return Index as an open-ended scheme.

This ETF employs a factor-based investment strategy, tracking the Nifty Smallcap 250 Momentum Quality 100 benchmark with a low tracking error of 0.24%, ensuring efficient replication of index performance.

With a total fund size of ₹654.6 Cr, the portfolio is heavily concentrated in equities, with top holdings including Godfrey Phillips India Ltd. and Manappuram Finance Ltd., reflecting a diverse industry allocation.

Over the past year, the fund has experienced a decline of -16.0%, highlighting potential volatility, while the expense ratio of 0.47% remains competitive given the fund's complexity and size.

Managed by Ms. Ekta Gala since February 2024, this ETF is accessible for trading on major exchanges, combining liquidity with a minimal exit load, catering to investors seeking small-cap exposure.