Mirae Asset Nifty India Manufacturing ETF

The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty India Manufacturing Total Return Index, subject to tracking error.

The Mirae Asset Nifty India Manufacturing 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 India Manufacturing 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.

• Manufacturing segment has potential to become next growth driver for India, backed by strong government initiatives like PLI and Make in India
• Participate in potential emerging segments like Electric vehicles, Electronics, Battery Tech, Defense etc.
• Achieve diversification against funds which are tilted towards services and consumption sector