Mirae Asset Nifty India Manufacturing ETF Fund of Fund
Mirae Asset Mutual Fund · Domestic FoF · Direct plan, growth option
NAV (₹), 1 Oct 2026
19.3890
1-day change
-1.92%
1Y return
2.2%
3Y CAGR
15.8%
5Y CAGR
n/a
Max drawdown, 5Y
n/a
NAV history month-end NAV, ₹ · 1 Feb 2022 to 1 Oct 2026
Returns vs Domestic FoF median (154 schemes) and “Equity index / ETF FoF” median (37)
| Period | Scheme | Category median | Equity index / ETF FoF median |
|---|---|---|---|
| 1 month | -7.1% | -3.7% | -5.7% |
| 3 months | -4.3% | -0.9% | -4.5% |
| 6 months | 7.0% | 3.1% | 6.7% |
| Year to date | -1.2% | 2.0% | -5.1% |
| 1 year | 2.2% | 5.4% | -3.4% |
| 3 years (CAGR) | 15.8% | 12.5% | 8.2% |
| 5 years (CAGR) | n/a | 10.2% | 8.2% |
| 7 years (CAGR) | n/a | 13.9% | 14.5% |
| 10 years (CAGR) | n/a | 11.8% | 12.3% |
| Since first NAV (CAGR) | 15.0% | – | – |
“Equity index / ETF FoF” is MFIC's grouping of Domestic FoF schemes by the theme or index in their names, not an AMFI category.
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 16.0% | 9.6% |
| 3Y rolling median | 21.6% | 13.3% |
| 3Y rolling worst | 14.2% | 4.8% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | n/a | 11.8% |
| 5Y rolling worst | n/a | 3.7% |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: none available in MFIC's free data for this category.
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 17.2% | 14.1% |
| Sharpe ratio | 0.63 | 0.63 |
| Sortino ratio | 0.93 | 0.93 |
| Beta | n/a | n/a |
| Alpha (ann.) | n/a | n/a |
| Upside capture | n/a | n/a |
| Downside capture | n/a | n/a |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −23.0% | −19.5% |
| Maximum drawdown, last 10Y | n/a | −24.1% |
| Maximum drawdown, last 5Y | n/a | −14.9% |
| Current drawdown | −8.8% | −8.8% |
| Recovery time of worst fall | 310 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 0.43% a year and the Direct plan's 0.06%, a gap of 0.37%; over the last 3 years the Direct plan returned 0.43 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹9,96,010.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 29 Sep 2026: TER reduced from 0.07% to 0.06% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Ekta Gala | Primary | 31 Jan 2022 |
| amp | 25 Mar 2026 | |
| Vishal Singh | ETF) | 25 Mar 2026 |
Objective: The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing predominantly in units of Mirae Asset Nifty India Manufacturing ETF. There is no assurance that the investment objective of the Scheme will be realized.
Stated asset allocation: Units of Mirae Asset Nifty India Manufacturing ETF - 95% to 100% (High) Money market instruments / debt securities, Instruments and/or units of debt/liquid schemes of domestic Mutual Funds - 0% to 5% (Low to Medium)
Benchmark (tier 1): Nifty India Manufacturing Total Return Index (INR)
Exit load: If redeemed or switched out within 15 days from the date of allotment: 0.05%, If redeemed or switched out after 15 days from date of allotment: Nil
Minimum application: ₹5,000
Allotment date: 31 Jan 2022
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 0.06% | 0.17% |
| AUM, whole scheme (₹ crore) | 122 | 248 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 4.9% | 5.5% TRI |
| Return, 3 years (AMFI) | 16.5% | 17.2% TRI |
| Month-ends above category median (3Y CAGR) | 100% | 51% median |
| Month-ends in category top quartile (3Y) | 15% | 27% median |
Official benchmark: Nifty India Manufacturing TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Domestic FoF Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | -1.2% | n/a | – |
| 2025 | 11.8% | n/a | – |
| 2024 | 24.8% | n/a | – |
| 2023 | 33.8% | n/a | – |
No free benchmark proxy for this category. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,18,139 | -2.9% |
| 3 years | ₹3,60,000 | ₹4,02,073 | 7.3% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
Category: Domestic FoF
Plan / option: Direct · Growth
AMFI scheme code: 149790
ISIN: INF769K01HZ2
First NAV in MFIC data: 1 Feb 2022
History: 4.7 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Navi Nifty India Manufacturing Index Fund | Index Fund | 1.00 | 16.1% |
| Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund | Index Fund | 0.98 | n/a |
| Mirae Asset Nifty LargeMidcap 250 Index Fund | Index Fund | 0.96 | n/a |
| HDFC NIFTY LargeMidcap 250 Index Fund | Index Fund | 0.96 | n/a |
| HDFC NIFTY 100 Equal Weight Index Fund | Index Fund | 0.96 | 12.3% |
| Sundaram Nifty 100 Equal Weight Fund (Formerly Known as Principal Nifty 100 Equal Weight Fund) | Index Fund | 0.96 | 12.3% |
Questions about Mirae Asset Nifty India Manufacturing ETF Fund of Fund
- What is the latest NAV of Mirae Asset Nifty India Manufacturing ETF Fund of Fund?
- The NAV of the Direct plan (growth option) was ₹19.3890 on 1 Oct 2026, as published by AMFI.
- Which category is Mirae Asset Nifty India Manufacturing ETF Fund of Fund in?
- It is classified as Domestic FoF in AMFI's daily NAV file. MFIC compares it with 154 Domestic FoF schemes (Direct plans).
- What returns has Mirae Asset Nifty India Manufacturing ETF Fund of Fund delivered?
- Over one year the NAV changed by 2.2%. The 3-year CAGR is 15.8% (category median 12.5%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 21.6%, the lowest was 14.2%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in Mirae Asset Nifty India Manufacturing ETF Fund of Fund's NAV?
- The largest peak-to-trough fall in its available history was 23.0%.
- How volatile is Mirae Asset Nifty India Manufacturing ETF Fund of Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 17.2%, which is above the Domestic FoF category median of 14.1%.
- What would a monthly SIP in Mirae Asset Nifty India Manufacturing ETF Fund of Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 3 years (36 instalments, ₹3,60,000 invested) would have been worth about ₹4,02,073 on 1 Oct 2026, an annualised return (XIRR) of 7.3%. This uses the Direct plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of Mirae Asset Nifty India Manufacturing ETF Fund of Fund?
- The total expense ratio of the Direct plan is 0.06% a year, as disclosed to AMFI (median of Domestic FoF Direct plans: 0.17%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Mirae Asset Nifty India Manufacturing ETF Fund of Fund?
- Assets under management of the whole scheme were ₹122 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Mirae Asset Nifty India Manufacturing ETF Fund of Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of Mirae Asset Nifty India Manufacturing ETF Fund of Fund and how has it compared?
- Its official benchmark is the Nifty India Manufacturing TRI. Over 3 years AMFI reports a return of 16.5% for this plan against 17.2% for the benchmark total return index. Past performance does not indicate future results.
- How often has Mirae Asset Nifty India Manufacturing ETF Fund of Fund beaten its category?
- At 100% of the 20 month-ends compared over the last 10 years, its 3-year return was above the median of Domestic FoF schemes (Direct plans); it was in the top quarter at 15% of them. A typical scheme would show about 50%.
- Who manages Mirae Asset Nifty India Manufacturing ETF Fund of Fund?
- According to its Scheme Summary Document, Mirae Asset Nifty India Manufacturing ETF Fund of Fund is managed by Ekta Gala (since 31 Jan 2022), amp (since 25 Mar 2026), Vishal Singh (since 25 Mar 2026).
- What is the exit load of Mirae Asset Nifty India Manufacturing ETF Fund of Fund?
- As stated in its scheme documents: If redeemed or switched out within 15 days from the date of allotment: 0.05%, If redeemed or switched out after 15 days from date of allotment: Nil Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in Mirae Asset Nifty India Manufacturing ETF Fund of Fund?
- The minimum application amount is ₹5,000. SIP details: 500.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 2.2% and the Regular plan's by 1.9%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Direct plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.