Mirae Asset Nifty India Manufacturing ETF (MAKEINDIA.BO)

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The Mirae Asset Nifty India Manufacturing ETF functions as a passively managed investment vehicle, precisely engineered to replicate the Nifty India Manufacturing Index. Its core investment strategy entails allocating capital across the identical securities that comprise the index, maintaining their exact proportionate weightings. To ensure minimal divergence from the underlying index's performance—known as tracking error—the portfolio undergoes systematic rebalancing. These adjustments are prompted by shifts in the index's constituent stock allocations, alongside the fund's ongoing subscriptions and redemptions. Additionally, a segment of the fund's assets may be placed in debt and money market instruments to cover operational liquidity needs.