Mirae Asset Nifty Total Market Index Fund
Mirae Asset Mutual Fund · Index Fund · Direct plan, growth option
| Period | Scheme | Category median | Broad market (500 / total) median |
|---|---|---|---|
| 1 month | -6.1% | -6.5% | -6.3% |
| 3 months | -4.8% | -5.1% | -5.2% |
| 6 months | 5.9% | 5.5% | 5.0% |
| Year to date | -7.1% | -6.8% | -7.8% |
| 1 year | -3.4% | -3.0% | -3.8% |
| 3 years (CAGR) | n/a | 8.7% | 8.6% |
| 5 years (CAGR) | n/a | 7.6% | 8.6% |
| 7 years (CAGR) | n/a | 11.1% | 13.8% |
| 10 years (CAGR) | n/a | 10.9% | n/a |
| Since first NAV (CAGR) | -1.2% | – | – |
“Broad market (500 / total)” is MFIC's grouping of Index Fund schemes by the theme or index in their names, not an AMFI category.
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 4.0% | 7.2% |
| 3Y rolling median | n/a | 16.3% |
| 3Y rolling worst | n/a | 8.4% |
| 3Y periods positive | n/a | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | n/a | 13.7% |
| 5Y rolling worst | n/a | 6.4% |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: none available in MFIC's free data for this category.
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | n/a | 17.3% |
| Sharpe ratio | n/a | 0.21 |
| Sortino ratio | n/a | 0.30 |
| Beta | n/a | n/a |
| Alpha (ann.) | n/a | n/a |
| Upside capture | n/a | n/a |
| Downside capture | n/a | n/a |
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −15.2% | −18.8% |
| Maximum drawdown, last 10Y | n/a | −38.1% |
| Maximum drawdown, last 5Y | n/a | −17.6% |
| Current drawdown | −7.9% | −11.0% |
| Recovery time of worst fall | 118 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
The Regular plan's expense ratio is 0.99% a year and the Direct plan's 0.35%, a gap of 0.64%. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹16,31,101.
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.
- 29 Sep 2026: TER increased from 0.33% to 0.35% (AMFI TER disclosure)
| Fund manager | Role | Managing since |
|---|---|---|
| Ekta Gala | Primary | 28 Oct 2024 |
| amp | 12 Mar 2025 | |
| Ritesh Patel | 12 Mar 2025 |
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 0.35% | 0.46% |
| AUM, whole scheme (₹ crore) | 49 | 175 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | -1.6% | -1.3% TRI |
Official benchmark: Nifty Total Market TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Index Fund Direct plans; how it is calculated.
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | -7.1% | n/a | – |
| 2025 | 6.8% | n/a | – |
No free benchmark proxy for this category. The first year starts from the first 31 December in the scheme's history.
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,15,180 | -7.4% |
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 | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Groww Nifty Total Market Index Fund | Index Fund | 1.00 | n/a |
| BANDHAN NIFTY TOTAL MARKET INDEX FUND | Index Fund | 1.00 | n/a |
| SBI Nifty 500 Index Fund | Index Fund | 1.00 | n/a |
| Motilal Oswal Nifty 500 Index Fund | Index Fund | 1.00 | 8.9% |
| Axis Nifty 500 Index Fund | Index Fund | 1.00 | n/a |
| HDFC BSE 500 Index Fund | Index Fund | 1.00 | 8.3% |
- What is the latest NAV of Mirae Asset Nifty Total Market Index Fund?
- The NAV of the Direct plan (growth option) was ₹9.8434 on 1 Oct 2026, as published by AMFI.
- Which category is Mirae Asset Nifty Total Market Index Fund in?
- It is classified as Index Fund in AMFI's daily NAV file; a Index Fund scheme passively tracks a stated index. MFIC compares it with 265 Index Fund schemes (Direct plans).
- What was the largest fall in Mirae Asset Nifty Total Market Index Fund's NAV?
- The largest peak-to-trough fall in its available history was 15.2%.
- What is the expense ratio (TER) of Mirae Asset Nifty Total Market Index Fund?
- The total expense ratio of the Direct plan is 0.35% a year, as disclosed to AMFI (median of Index Fund Direct plans: 0.46%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Mirae Asset Nifty Total Market Index Fund?
- Assets under management of the whole scheme were ₹49 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Mirae Asset Nifty Total Market Index 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.
- Who manages Mirae Asset Nifty Total Market Index Fund?
- According to its Scheme Summary Document, Mirae Asset Nifty Total Market Index Fund is managed by Ekta Gala (since 28 Oct 2024), amp (since 12 Mar 2025), Ritesh Patel (since 12 Mar 2025).
- What is the minimum investment in Mirae Asset Nifty Total Market Index Fund?
- The minimum application amount is ₹5,000. SIP details: 99.
- 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 -3.4% and the Regular plan's by -4.1%. The Regular plan includes the services of a distributor.
Every Monday: this scheme's NAV, 1-month and 1-year return beside its category median, 3-year CAGR and how far it is below its peak. Add more schemes from their pages or from your MFIC watchlist. Free; unsubscribe from any email.