The Mirae Asset S&P BSE Sensex ETF, managed by Mirae Asset Investment Managers, aims to replicate the BSE Sensex Total Return Index, focusing on a market cap weighted investment style.

This ETF employs a direct replication strategy, tracking the BSE Sensex (TRI) with a minimal tracking error of 0.02%, ensuring close alignment with the benchmark's performance.

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

Over the past year, the ETF has delivered a solid performance of +8.9%, reflecting its alignment with the benchmark amidst market fluctuations and showcasing its risk-adjusted return profile.

With an AUM of ₹18.3 Cr and a low expense ratio of 0.05%, the fund remains accessible, while the management team, led by Ms. Ekta Gala since September 2023, ensures operational efficiency.