Mirae Asset Nifty IT ETF Soars: 8.74% Monthly Gain, NAV Hits ₹33.36

The Mirae Asset Nifty IT ETF delivered an 8.74% return over the past month, pushing its Net Asset Value (NAV) to ₹33.36 as of August 13, 2026. This Equity – Sector – Technology fund, which commenced operations on October 23, 2023, is explicitly classified under a ‘Very High Risk’ investment level, targeting investors comfortable with significant market volatility.

Key Fund Metrics Snapshot

• Net Asset Value (NAV) as of August 13, 2026: ₹33.36
• 1-Day NAV Change: 0.39%
• 1-Month Return: 8.74%
• Assets Under Management (AUM) as of June 2026: ₹103.09 Crores

The fund’s core mandate is to replicate the performance of the Nifty IT Total Return Index, striving to minimize any deviation through tracking error. Investors seeking exposure to the technology sector can enter this fund with a minimum initial investment of ₹5,000 in Lumpsum mode, benefiting from the absence of any lock-in period.

Investment Profile and Management

• Fund Category: Equity – Sector – Technology
• Inception Date: October 23, 2023
• Assigned Risk Level: Very High Risk
• Minimum Lumpsum Investment: ₹5,000

Ritesh Patel and Ekta Gala jointly manage the Mirae Asset Nifty IT ETF. Its investment strategy is heavily concentrated in equity, with the portfolio showing a 100.02% allocation to this asset class, reflecting a clear commitment to the stock market.

Portfolio Composition and Sectoral Focus

The equity segment is further bifurcated by market capitalization, demonstrating a strong preference for established companies. Large-cap stocks constitute the dominant portion of the portfolio, complemented by a substantial mid-cap presence.

• Large-cap Allocation: 82.82%
• Mid-cap Allocation: 17.19%

Sectorally, the fund maintains an overwhelming focus on information technology. Information Technology Services alone account for nearly all industry holdings, with Software Infrastructure making up the remainder.

• Information Technology Services Holding: 96.88%
• Software Infrastructure Holding: 3.12%

Prominent Indian IT giants form the cornerstone of the fund’s stock holdings. Infosys Ltd and Tata Consultancy Services Ltd together command over half of the ETF’s exposure to individual companies, highlighting their strategic importance within the portfolio.

• Infosys Ltd Holding: 30.41%
• Tata Consultancy Services Ltd Holding: 20.48%

This concentrated approach underscores the Mirae Asset Nifty IT ETF’s commitment to providing targeted exposure to India’s dynamic IT sector, aligning its holdings directly with the Nifty IT Total Return Index.