Mirae Asset Nifty Financial Services ETF
BFSI.NS
National Stock Exchange of India26.54
INR
-0.24
(-0.42%)
Mirae Asset Nifty Financial Services ETF
BFSI.NS
(National Stock Exchange of India)
Recent
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26.54
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Mirae Asset Nifty Financial Services ETF Mirae Asset Nifty Financial Services ETF (BFSI.NS), an open-ended exchange-traded fund managed by Mirae Asset Investment Managers (India) Private Limited, replicates the performance of the Nifty Financial Services Total Return Index (TRI) Nifty Financial Services Total Return Index before expenses, subject to tracking error; the ETF invests passively in a portfolio of equity securities mirroring the index weights, including leading banks such as HDFC Bank Limited, ICICI Bank Limited, Kotak Mahindra Bank Limited, Axis Bank Limited, and State Bank of India; non-banking financial companies like Bajaj Finance Limited, Bajaj Finserv Limited, Shriram Finance Limited, and Cholamandalam Investment and Finance Company Ltd; insurance providers including HDFC Life Insurance Company Limited, SBI Life Insurance Company Limited, and ICICI Lombard General Insurance Company Limited; and capital markets participants such as HDFC Asset Management Company Limited. Launched with allotment on July 30, 2021, and listed on the National Stock Exchange (NSE) under ticker BFSI and BSE under code 543323, the ETF operates primarily in India with units tradable in multiples of one on exchanges or in creation units of 300,000 directly with the asset management company for large investors (minimum ₹25 crores). Managed by Ms. Ekta Gala since inception with support from Mr. Ritesh Patel, the fund maintains a low expense ratio of 0.12% and minimal tracking error of approximately 0.11% over one year as of recent data; market makers include Mirae Asset Capital Markets (India) Private Limited, East India Securities Limited, Parwati Capital Market Private Limited, Kanjalochana Finserve Private Limited, and Vaibhav Stock & Derivatives Broking Private Limited. Recent developments include the addition of Parwati Capital Market Private Limited as a market maker pursuant to notice cum addendum no. 32/2023, enhancing liquidity provision alongside existing participants; the ETF's assets under management grew to approximately ₹438 crores as of November 2025, reflecting sustained investor interest amid a one-year return of around 17% aligned closely with its benchmark. Headquartered in Mumbai, India, as part of the global Mirae Asset Mutual Fund platform, the ETF targets investors seeking long-term exposure to India's financial services sector encompassing banking, finance, insurance, and capital markets segments without guaranteeing returns.