Mirae Asset Nifty Bank ETF

The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty Bank Total Return Index, subject to tracking error. There is no assurance or guarantee that the investment objective of the scheme would be achieved.

• The Scheme would invest in stocks constituting the Nifty Bank Index in the similar proportion (weightage) as in the Index and endeavour to track the benchmark index.
• Scheme may also invest in money market instruments, in compliance with Regulations. Money Market Instruments will include only treasury bills and government securities having a residual maturity up to one year, Tri-party Repo on government securities or T-bills and any other like instruments as specified by the Reserve Bank of India from time to time.

• Tracks Nifty Bank Index which constitutes most liquid and large Indian banking stocks
• Opportunity to participate in the sector which is one of the essential for the overall growth of the economy.
• Tracks the top 12 private and public sector banks, where weightage of each constituent in the index is based on its free-float market capitalization.
• Relatively low-cost option to participate in the banking sector compared to active Banking & financial services funds.