The Mirae Asset S&P 500 Top 50 ETF, managed by Mirae Asset Investment Managers, is an open-ended passive scheme aimed at replicating the S&P 500 Top 50 Total Return Index.

This ETF employs a strategy of tracking the S&P 500 Top 50 (TRI) in INR, ensuring a close alignment with its benchmark through meticulous replication methods.

The portfolio showcases a concentrated approach with top holdings like Nvidia (12.65%), Microsoft (11.21%), and Apple (10.32%), highlighting potential concentration risk in tech equities.

With a remarkable 1Y return of +53.9% and a 3Y CAGR of +38.4%, the fund demonstrates strong performance, complemented by a low tracking error of 0.05%.

The fund size stands at ₹910.9 Cr, with a competitive expense ratio of 0.6%, managed by Mr. Siddharth Srivastava since September 2021, providing efficient access to global equity markets.