Fundalysisby DARKHORSESTOCKS

Scheme

Mirae Asset Nifty PSU Bank ETF

Holds 12 companies worth ₹45.3 Cr in Sept 2026.

  • Fund house

    MiraeThe fund house that runs this scheme.

  • AUM

    ₹45.3 CrMirae Asset Nifty PSU Bank ETF's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 6.2% on Aug 2026, ₹48.4 Cr.

  • Largest holding

    State Bank of IndiaState Bank of India is 33.3% of this scheme's NAV.

  • Fund manager

    Ritesh PatelRuns it since 7 Oct 2026, as the fund house dates it. With Sudip Shere (fund manager).

Overview(24 Sept 2025)

Fund managers2

  1. Ritesh PatelFund manager · Oct 2026 · 14y
  2. Sudip ShereFund manager · Oct 2026 · 9y · PGDM
  1. Ekta GalaOct 2024 – Oct 2026
  2. Akshay UdeshiOct 2024 – Oct 2026

Key facts

Benchmark
Nifty PSU Bank TRI (Total Return Index)
Risk
Very High
Expense
Regular 0.19% · Direct 0%
Exit load
Nil
Started
1 Oct 2024
Minimum
On exchange in multiple of 1 unit. With AMC: In multiples of 40,000 units

Source.Its Scheme Summary Document as of 24 Sept 2025 at AMFI.

What changed(5 changes)

Oct 2026

4 changes
  1. Ritesh Patel joined
    9 Octas fund manager
  2. Sudip Shere joined
    9 Octas fund manager
  3. Ekta Gala left
    9 Octran it as fund manager from Oct 2024
  4. Akshay Udeshi left
    9 Octran it as fund manager from Oct 2024

Jan 2025

1 change
  1. Expense ratio
    17 JanRegular 0.18% → 0.19%

Source.Its filings at NSE, since Nov 2024.

Fund managers over time(Oct 2024 – now)

  1. Ritesh Patel
  2. Sudip Shere
  3. Ekta Gala
  4. Akshay Udeshi
MainCoSlice2025
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Nov 2024 – Sept 2025)

Every change to the expense ratio, newest first.
2 changesRegularDirectΔ pt
17 Jan 20250.19%0.00%0
19 Nov 20240.18%0.00%–
Direct plan, 17 Jan 2025
0.00%
Regular plan 0.19% · Exit load nil
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(24 Sept 2025)

Objective

The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty PSU Bank Total Return Index, subject to tracking error. The Scheme does not guarantee or assure any returns. There is no assurance that the investment objective of the scheme will be achieved.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An open-ended scheme replicating/tracking Nifty PSU Bank Total Return Index
Benchmark
Nifty PSU Bank TRI (Total Return Index)

Asset allocation it may hold% of NAV

  1. Securities included in the Nifty PSU Bank Index
    Allowed95–100%
  2. Money market instruments including Tri Party REPO/ debt securities, Instruments and/or units of debt/liquid schemes of domestic Mutual Funds
    Allowed0–5%Holds0.0%

Holds in Sept 2026.100.0% equity

How to invest(24 Sept 2025)

Buying

To start
On exchange in multiple of 1 unit. With AMC: In multiples of 40,000 units
Most
Any Amount

Selling and switching

Scheme details(24 Sept 2025)

What it is

Category
Other ETFs
Offer
20 Sept 2024 to 30 Sept 2024
Started
1 Oct 2024
Reopened
3 Oct 2024
Plans
Regular Plan - Growth
Face value
₹1,000
Listed
NSE & BSE

How it is run

Custodian
SBI – SG Securities Pvt. Ltd., Mumbai
Auditor
M/s. Chokshi & Chokshi
Registrar
KFIN Technologies Limited
SEBI code
MIRA/O/O/OET/24/08/0068