Mirae Asset Nifty Bank ETF
Mirae Asset Mutual Fund · Equity ETF · exchange-traded fund
NAV (₹), 1 Oct 2026
555.5407
1-day change
-0.33%
1Y return
-1.1%
3Y CAGR
7.6%
5Y CAGR
n/a
Max drawdown, 5Y
n/a
NAV history month-end NAV, ₹ · 21 Jul 2023 to 1 Oct 2026
Returns vs Equity ETF median (255 schemes) and “Sector: Banking & financial services” median (39)
| Period | Scheme | Category median | Sector: Banking & financial services median |
|---|---|---|---|
| 1 month | -5.2% | -6.5% | -5.2% |
| 3 months | -6.0% | -5.3% | -6.1% |
| 6 months | 6.4% | 5.1% | 6.4% |
| Year to date | -8.1% | -7.6% | -8.1% |
| 1 year | -1.1% | -3.4% | -1.1% |
| 3 years (CAGR) | 7.6% | 7.8% | 7.5% |
| 5 years (CAGR) | n/a | 7.2% | 8.5% |
| 7 years (CAGR) | n/a | 11.4% | 9.8% |
| 10 years (CAGR) | n/a | 11.2% | 10.3% |
| Since first NAV (CAGR) | 6.1% | – | – |
“Sector: Banking & financial services” is MFIC's grouping of Equity ETF 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 | 10.6% | 9.6% |
| 3Y rolling median | 9.0% | 14.9% |
| 3Y rolling worst | 7.2% | 6.0% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | n/a | 14.4% |
| 5Y rolling worst | n/a | 5.9% |
| 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.) | 16.8% | 16.8% |
| Sharpe ratio | 0.15 | 0.15 |
| Sortino ratio | 0.21 | 0.20 |
| 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 | −18.3% | −21.0% |
| Maximum drawdown, last 10Y | n/a | −38.1% |
| Maximum drawdown, last 5Y | n/a | −20.6% |
| Current drawdown | −11.0% | −11.6% |
| Recovery time of worst fall | n/a | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 1 Oct 2026: TER increased from 0.16% to 0.17% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Ekta Gala | Primary | 20 Jul 2023 |
| amp | 12 Mar 2025 | |
| Ritesh Patel | Primary | 12 Mar 2025 |
Objective: The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty Bank Total Return Index, subject to tracking error. There is no assurance or guarantee that the investment objective of the scheme would be achieved.
Stated asset allocation: Securities included in the Nifty Bank Index 95 to 100%; Money market instruments / debt securities, Instruments and/or units of debt/liquid schemes of domestic Mutual Funds 0-5 %
Benchmark (tier 1): Nifty Bank Index TRI (Total Return Index)
Minimum application: On exchange in multiple of 1 unit. With AMC: In multiples of 10,000 units
Allotment date: 20 Jul 2023
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), ETF | 0.17% | 0.21% |
| AUM, whole scheme (₹ crore) | 317 | 101 |
| 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) | 0.5% | 0.7% TRI |
| Return, 3 years (AMFI) | 7.7% | 7.8% TRI |
Official benchmark: Nifty Bank TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Equity ETF ETFs; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | -8.1% | n/a | – |
| 2025 | 17.9% | n/a | – |
| 2024 | 6.1% | 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 | ₹1,15,215 | -7.3% |
| 3 years | ₹3,60,000 | ₹3,79,477 | 3.5% |
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.
About ETF figures. All figures use the ETF's NAV as published by AMFI. Investors buy and sell ETFs on the stock exchange at the traded price, which can be above or below NAV and adds brokerage and bid-ask costs. Liquidity varies between ETFs.
Scheme facts
Category: Equity ETF
Plan / option: ETF · Growth
AMFI scheme code: 151857
ISIN: INF769K01KR3
First NAV in MFIC data: 21 Jul 2023
History: 3.2 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 |
|---|---|---|---|
| HDFC NIFTY BANK ETF | Equity ETF | 1.00 | 7.5% |
| Kotak Nifty Bank ETF | Equity ETF | 1.00 | 7.5% |
| ICICI Prudential Nifty Bank ETF | Equity ETF | 1.00 | 7.5% |
| UTI Nifty Bank ETF | Equity ETF | 1.00 | 7.6% |
| Nippon India ETF Nifty Bank BeES | Equity ETF | 1.00 | 7.5% |
| DSP Nifty Bank ETF | Equity ETF | 1.00 | 7.5% |
Questions about Mirae Asset Nifty Bank ETF
- What is the latest NAV of Mirae Asset Nifty Bank ETF?
- The NAV of the ETF was ₹555.5407 on 1 Oct 2026, as published by AMFI.
- Which category is Mirae Asset Nifty Bank ETF in?
- It is classified as Equity ETF in AMFI's daily NAV file; a Equity ETF scheme tracks an equity index and trades on the stock exchange. MFIC compares it with 255 Equity ETF schemes (ETFs).
- What returns has Mirae Asset Nifty Bank ETF delivered?
- Over one year the NAV changed by -1.1%. The 3-year CAGR is 7.6% (category median 7.8%). 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 9.0%, the lowest was 7.2%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in Mirae Asset Nifty Bank ETF's NAV?
- The largest peak-to-trough fall in its available history was 18.3%.
- How volatile is Mirae Asset Nifty Bank ETF?
- Its annualised standard deviation of monthly returns over the last 36 months is 16.8%, which is below the Equity ETF category median of 16.8%.
- What would a monthly SIP in Mirae Asset Nifty Bank ETF 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 ₹3,79,477 on 1 Oct 2026, an annualised return (XIRR) of 3.5%. This uses the ETF 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 Bank ETF?
- The total expense ratio of the ETF is 0.17% a year, as disclosed to AMFI (median of Equity ETF ETFs: 0.21%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Mirae Asset Nifty Bank ETF?
- Assets under management of the whole scheme were ₹317 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Mirae Asset Nifty Bank ETF?
- 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 Bank ETF and how has it compared?
- Its official benchmark is the Nifty Bank TRI. Over 3 years AMFI reports a return of 7.7% for this plan against 7.8% for the benchmark total return index. Past performance does not indicate future results.
- Who manages Mirae Asset Nifty Bank ETF?
- According to its Scheme Summary Document, Mirae Asset Nifty Bank ETF is managed by Ekta Gala (since 20 Jul 2023), amp (since 12 Mar 2025), Ritesh Patel (since 12 Mar 2025).
- What is the minimum investment in Mirae Asset Nifty Bank ETF?
- The minimum application amount is On exchange in multiple of 1 unit. With AMC: In multiples of 10,000 units.
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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 ETFs 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.