About the fund
The Mirae Asset NIFTY 50 ETF (NIFTYETF) aims to replicate the portfolio and performance of NIFTY 50 TRI Index, which consist of 50 Blue chip companies listed on National Stock Exchange. NIFTY 50 Index is considered the barometer of Indian stock market and captures around 65% of the free float market capitalization of the stocks listed on NSE.
ETFs Units can be bought and sold like any other equity share on the Stock Exchange through a stockbroker.
Investment strategy
The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty 50 Total Return Index, subject to tracking error.
