The Mirae Asset S&P BSE Sensex ETF, managed by Mirae Asset Investment Managers, aims to replicate the BSE Sensex Total Return Index through a market cap weighted approach, ensuring broad market exposure.

This open-ended scheme utilizes a tracking strategy focused on the BSE Sensex (TRI), maintaining a low tracking error of 0.02%, which reflects its efficiency in mirroring the benchmark's performance.

The portfolio is heavily concentrated in the banking sector, with top holdings including HDFC Bank (15.3%) and ICICI Bank (10.6%), indicating potential risks associated with sector concentration.

Performance over the past year shows a decline of 4.9%, highlighting the importance of evaluating market conditions and the ETF's response to volatility, particularly in a challenging economic landscape.

With an AUM of ₹18.3 Cr and an expense ratio of just 0.05%, the fund is positioned as a cost-effective option for investors seeking exposure to the Indian equity market.