Mirae Asset Nifty Financial Services ETF

The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty Financial Services Total Return Index, subject to tracking error. The Scheme does not guarantee or assure any returns.

The Mirae Asset Nifty Financial Services ETF will be managed passively with investments in stocks in a proportion that match as close as possible to the weights of these stocks in Nifty Financial Services Index.

The investment strategy would revolve around reducing the tracking error to the least possible through regular rebalancing of the portfolio, considering the change in weights of stocks in the Index as well as the incremental collections/redemptions in the Scheme. A part of the funds may be invested in debt and money market instruments, to meet the liquidity requirements.

• opportunity to invest in the sector which is one of the essential factor for overall growth of the economy.
• Financial Services encompasses not only banks but also other segments such as Non-Banking Financial Company, Insurance, Capital Market etc. which are currently under-penetrated among masses.
• Relatively low cost option to participate in Financial Services Sector