Mirae Asset Nifty Midcap 150 ETF

Mirae Asset Nifty Midcap 150 ETF is an exchange-traded fund designed to replicate and track the performance of the Nifty Midcap 150 Total Return Index. Its primary function is to offer investors exposure to a diverse portfolio of 150 mid-sized companies in India, spanning various sectors such as healthcare, energy, technology, and manufacturing. As a passively managed fund, it aims to closely mirror its benchmark index by holding the constituent stocks in the same proportion and rebalancing periodically to maintain alignment. Notable features of this ETF include a low expense ratio and minimal tracking error, reflecting efficient fund management and cost-effectiveness. The fund enables market participants to access the midcap segment, which historically carries higher growth potential and volatility compared to large caps, contributing to portfolio diversification. Its role in the financial market is vital, as it provides liquidity, transparent pricing, and a straightforward way for investors to gain broad-based midcap exposure without the need to select individual stocks, thus supporting the overall depth and efficiency of Indian equity markets.