
7
0.08%
0.06%
—
Moderate Risk
0.15
—
8.12
9.74
0.946
—
Bearish
37.17
8.83
—
Bearish
3
Neutral
6
Bullish
5
| Company | Weightage (%) |
| Axis Bank Ltd. | 5.15% |
| Tata Motors Passenger Vehicles Ltd. | 5.10% |
| Mahindra & Mahindra Ltd. | 5.10% |
| Kotak Mahindra Bank Ltd. | 5.07% |
| State Bank of India | 5.07% |
| Titan Company Ltd. | 5.06% |
| Larsen & Toubro Ltd. | 5.03% |
| Reliance Industries Ltd. | 5.02% |
| Maruti Suzuki India Ltd. | 5.01% |
| Bharti Airtel Ltd. | 4.98% |
Allocation
The current market price of Mirae Asset Nifty Top 20 Equal Weight ETF is ₹8.65. ETF prices fluctuate during market hours based on demand, supply, and movements in the underlying index or assets.
Mirae Asset Nifty Top 20 Equal Weight ETF by Mirae Asset Investment Managers replicates Nifty Top 20 Equal Weight Total Return Index as an Equity scheme with Equal Weighted style. It follows an equal weight replication approach to track the Nifty Top 20 Equal Weight (TRI) benchmark, reporting a tracking error of 0.1% which evidences tight index replication and discipline. Portfolio equally weights constituents with top ten holdings averaging 5% each, cumulatively about 50.6%, concentrated toward Banks (25.2%), Automobiles (15.2%) and IT‑Software (14.6%), Equity allocation at 99.9% and cash 0.1%. Performance reflects index returns with 1Y: -6.9% as the primary available period, consistent with direct tracking of the underlying equal‑weight benchmark and subject to sector concentration dynamics impacting relative returns. Managed by Mr. Ritesh Patel and Mr. Akshay Udeshi, the fund has AUM ₹6.6 Cr, an expense ratio of 0.1% and a tracking error 0.1% indicating low implementation cost structure.
Mirae Asset Nifty Top 20 Equal Weight ETF is designed to track Nifty Top 20 Equal Weight (TRI), allowing investors to gain exposure to its underlying securities through a single investment.
The expense ratio of Mirae Asset Nifty Top 20 Equal Weight ETF is 0.08%. This represents the annual fee charged by the fund house for managing the ETF and is deducted from the fund’s assets.
The Assets Under Management (AUM) of Mirae Asset Nifty Top 20 Equal Weight ETF is approximately ₹6.57. AUM reflects the total market value of assets managed by the ETF and is often used as an indicator of fund size and liquidity.
Mirae Asset Nifty Top 20 Equal Weight ETF is classified under the as per the risk-o-meter defined by the fund house risk category. The risk level depends on the volatility of the underlying index, market conditions, and asset composition of the ETF.
The tracking error of Mirae Asset Nifty Top 20 Equal Weight ETF is 0.06%. Tracking error measures how closely the ETF’s performance matches its benchmark index over time.
Mirae Asset Nifty Top 20 Equal Weight ETF does not currently declare dividends and may reinvest earnings into the fund. Dividend treatment depends on the ETF structure and fund house policy.
Based on available data, Mirae Asset Nifty Top 20 Equal Weight ETF has delivered the following returns: 1-year return: -10.46%. 3-year return: -10.46%. 5-year return: -10.46%. Past performance does not guarantee future results.
Before investing in Mirae Asset Nifty Top 20 Equal Weight ETF, investors generally consider the underlying index, expense ratio, tracking error, risk profile, liquidity, and how the ETF fits within their overall portfolio strategy.
Bearish
22
Neutral
13
Bullish
11
Bearish
19
Neutral
7
Bullish
6
AUM
₹ 7 Cr
Expense Ratio
0.08%
200.09
▲ 0.16%
30.44
▲ 1.06%
49.08
▲ 0.51%
11.91
▲ 0.51%
749.08
▲ 0.95%
35.05
▲ 0.55%
255.53
▲ 0.42%
13.66
▲ 0.81%
325.16
▲ 0.52%
21.89
▼ 0.55%
146.71
▼ 0.19%
38.02
▲ 0.08%
13.42
▲ 2.60%
23.46
▲ 0.56%
49.17
▲ 0.86%
31.72
▲ 0.13%
224.07
▼ 0.20%
40.34
▲ 0.47%
1000.00
▲ 0.00%
51.55
▲ 0.80%
26.55
▲ 0.23%
162.95
▲ 0.45%
84.16
▲ 0.73%
100.09
▲ 0.74%
8.65
▲ 0.35%
77.40
▲ 0.27%
1104.35
▲ 0.01%
575.76
▲ 0.66%
16.58
▲ 0.91%
26.46
▲ 1.19%
30.03
▼ 0.83%
15.01
▲ 0.27%
235.92
▼ 0.79%
18.50
▲ 1.04%
Performance
STEADY PERFORMER
Technicals
Bearish
Risk
—
Liquidity
NEUTRAL
Consistency
NEUTRAL