Mirae Asset Nifty Financial Services ETF (BFSI.BO)

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The Mirae Asset Nifty Financial Services ETF is designed for passive management, seeking to mirror the performance of the Nifty Financial Services Index. It accomplishes this by investing in the same underlying securities as the index, maintaining identical proportional weightings. A core element of its strategy is to minimize any deviation in performance (tracking error) from the index, which is achieved through consistent portfolio rebalancing. These adjustments are made to reflect changes in the index constituents' weightings, as well as to manage the fund's inflows and outflows. To address liquidity requirements, a portion of the fund's capital may be allocated to debt and money market instruments.