Mirae Asset Nifty 200 Momentum 30 ETF

Mirae Asset Nifty 200 Momentum 30 ETF is an exchange-traded fund designed to track the performance of the Nifty 200 Momentum 30 Index. Its primary function is to provide investors with exposure to the stocks within the Nifty 200 index that exhibit high momentum characteristics. The fund employs a strategy that identifies and invests in companies showing strong performance trends, which are typically quantified by price movements over a specified period. This ETF is particularly significant for those looking to diversify their portfolios with momentum-based strategies in the Indian equity market. It impacts sectors across the Indian economy as it selects from a wide array of industries based on momentum criteria. The role of the Mirae Asset Nifty 200 Momentum 30 ETF in the market includes offering an efficient way for investors to capitalize on potential growth opportunities presented by fast-growing companies, thus leveraging the momentum factor as an investment strategy. By doing so, it supports a strategic approach to balancing risk and return in diversified investment portfolios.