Mirae Asset Logs In—India’s Digital Economy Gets an ETF Upgrade

Image Source: PrimeInvestor

Mirae Asset Mutual Fund has launched the Nifty India Internet ETF, an open-end exchange-traded fund tracking the Nifty India Internet Total Return Index. The thematic ETF offers investors exposure to India's rapidly developing internet-centric business landscape in areas of e-commerce, fintech, online media, travel, and digital entertainment.

Fund Details and Subscription Timeline

The New Fund Offer (NFO) would open on June 18, 2025, and close on June 25, 2025.

Continuous trading and repurchase will commence on July 2, 2025.

It is overseen by Ekta Gala and Akshay Udeshi to offer expert management.

Investment Strategy and Portfolio Structure

The ETF mirrors the Nifty India Internet Index, which consists of 21 stocks selected from the broader Nifty Total Market Index.

The index is rebalanced every quarter and reconstituted every half-year, and it's configured to reflect industry trends.

Every holding is 20% weight capped at rebalancing to provide diversified exposure.

Market Impact and Growth Potential

India's digital economy is booming, revolutionizing consumer behavior and the nature of doing business.

The ETF provides a structured, transparent, and low-cost investment approach that is open to a wide investor base.

Mirae Asset aims to capitalise on India's growth through digitisation, offering a future-proofed portfolio for long-term investors.

Sources: Business Today, Economic Times, CNBC TV18, MSN.