Mirae Asset Nifty Bank ETF (BANKETF.BO)

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The Mirae Asset Nifty Bank ETF is engineered to passively mirror the performance of the Nifty Bank Index. Its strategy involves investing directly in the same underlying securities that constitute the index, maintaining identical proportional weights. A primary goal of the fund is to minimize any deviation from the index's returns (tracking error), which is achieved through regular portfolio adjustments. These adjustments account for shifts in the index components' weights and manage the impact of investor subscriptions and redemptions. To ensure sufficient liquidity, a small portion of the fund's capital may be allocated to debt and money market instruments.