The Mirae Asset S&P 500 Top 50 ETF, managed by Mirae Asset Investment Managers, aims to replicate the S&P 500 Top 50 Total Return Index, aligning with a passive investment strategy.

This ETF employs a tracking approach to closely follow its benchmark, the S&P 500 Top 50 (TRI), with an impressively low tracking error of 0.05%, ensuring minimal deviation from index performance.

The fund's portfolio consists predominantly of international equities, with top holdings including Nvidia Corporation at 12.9% and Microsoft Corporation at 10.91%, reflecting significant concentration in major tech companies.

Demonstrating strong performance, the ETF achieved a remarkable 1-year return of 24.95% and a 3-year CAGR of 35.30%, highlighting its effective replication of the underlying index.

With an AUM of ₹965.9 Cr and an expense ratio of 0.6%, the fund remains accessible and cost-efficient, managed by Mr. Siddharth Srivastava since September 2021.