Mirae Asset Nifty 50 Equal Weight ETF

Mirae Asset Nifty 50 Equal Weight ETF is an open-ended exchange-traded fund designed to closely replicate the performance of the Nifty50 Equal Weight Total Return Index. The fund’s core objective is to generate returns, before expenses, that align with its benchmark by investing in all fifty constituents of the Nifty 50 Index, but assigning equal weight to each stock rather than following a market-cap-weighted approach. This strategy provides balanced exposure across India’s largest and most influential companies, regardless of their individual market capitalizations, offering diversification benefits and mitigating concentration risk typically seen in traditional market-cap indices. The fund caters to participants seeking a smart beta approach in the equity market, reflecting trends and performance across key sectors of the Indian economy. Managed by Mirae Asset Mutual Fund, this ETF plays a significant role for investors and institutions aiming for broad-based, systematic participation in India’s equity markets through a single, liquid instrument that echoes the collective results of the country’s top 50 listed companies with equal representation.