Mirae Asset Nifty IT ETF (ITETF.BO)

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This passively managed Mirae Asset Nifty IT ETF endeavors to mirror the performance of the Nifty IT Index. It achieves this by allocating investments to the same IT sector companies, maintaining their proportional weightings as dictated by the index. The primary goal of the scheme is to minimize any deviation (tracking error) from the index's performance. This is accomplished through ongoing portfolio rebalancing, which takes into account both changes in the index's constituent weights and the fund's capital inflows or outflows. A small portion of the assets may also be invested in debt and money market instruments to ensure sufficient liquidity.