ETFs are types of Mutual Funds that aim to track the performance of a specific index such as NIFTY 50, NIFTY Next 50, NIFTY Bank etc. These ETFs can be based on indices tracking various
asset classes like equity shares (NIFTY 50 ETF), bonds
(10 year G-Sec ETF), Gold (Gold ETF), Tri-party Repo (Liquid ETF) etc. In an ETF, the weight of all securities mirrors the weight of the securities in the underlying benchmark index. For example, if ABC Bank has a weight of 10.52% in NIFTY
50, a NIFTY 50 ETF will also have ~10.52% of ABC Bank by weight in its portfolio.
Disclaimer:
An Investor Education and Awareness Initiative by Mirae Asset Mutual Fund. All Mutual Fund investors have to go through a one-time KYC (Know Your Customer) including the process for change in address, Phone number, bank details, etc. Investors should deal only with registered Mutual Funds details of which can be verified on SEBI website (https://www.sebi.gov.in) under ‘Intermediaries /Market Infrastructure Institutions’. For further information on KYC, RMFs and procedure to lodge a complaint in case of any grievance, you may refer the Knowledge Centre section available on the website of Mirae Asset Mutual Fund. Investors may lodge complaints on https://www.scores.gov.in against registered intermediaries if they are unsatisfied with the responses. SCORES facilitate you to lodge your complaint online with SEBI and subsequently view its status.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.