Mirae Asset Nifty India Manufacturing ETF FoF Direct - Growth

Q: What are the returns of Mirae Asset Nifty India Manufacturing ETF FoF?

The Mirae Asset Nifty India Manufacturing ETF FoF is a 3 yrs 4 m old fund and has delivered average annual returns of 19.25% since inception. Mirae Asset Nifty India Manufacturing ETF FoF Returns 1-Year 3-Year Since Inception 1.97% 23.22% 19.25%

NAV as of Jun 05, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹18.045+0.64% 1 day change	19.25% p.a.	#NA View Ranked Funds	₹108 Crs

Historical NAV & returns

NAV: ₹18.045 as on Jun 05, 2025

This fund Category average

Mirae Asset Nifty India Manufacturing ETF FoF overview

Expense ratio	0.1% as on May 31, 2025
Exit load	0.05% Exit load of 0.05%, if redeemed within 15 Days.!
AUM (Fund size)	₹108 Crs
Lock-in	No Lockin
Age	3 yrs 4 m since Jan 10, 2022
Benchmark	Nifty India Manufacturing TRI
Min. investment	SIP ₹1000 & Lump. ₹5000
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, pay tax of 12.5% on returns of ₹1.25 lakh+ in a financial year

Mirae Asset Nifty India Manufacturing ETF FoF Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Jun 01, 2025

Period	This fund	Category average
1 Month	5.4%	6.5%
3 Months	11.69%	14.21%
6 Months	-1.6%	-0.89%
1 Year	1.97%	8.7%
2 Years	26.47%	22.17%
3 Years	23.22%	20.24%

View returns in detail

Asset allocationas on Apr 30, 2025

Large Cap 70.32482%

Mid Cap 27.16641%

Small Cap 2.45877%

Other Cap 1.4203749287844403E-14%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Instruments

Mutual Fund 99.96890299%

Repo 0.14982497%

Other Holdings

Mirae Asset Nifty India Manufacturing ETF - Growth 99.97%

Others 0.15%

Detailed portfolio analysis

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
Mirae Asset Nifty India Manufacturing ETF FoF	N.A.	₹108 Crs	3 yrs 4 m	0.1%
ICICI Prudential BHARAT 22 FOF	N.A.	₹2,271 Crs	6 yrs 11 m	0.12%
Motilal Oswal Nifty Bank Index Fund	N.A.	₹634 Crs	5 yrs 9 m	0.26%
Aditya Birla Sun Life Nifty India Defence Index Fund	N.A.	₹461 Crs	9 m	0.31%
Kotak Nifty Financial Services Ex-Bank Index Fund	N.A.	₹44 Crs	1 yrs 10 m	0.22%
ICICI Prudential Nifty Auto Index Fund	N.A.	₹137 Crs	2 yrs 8 m	0.4%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mirae Asset Nifty India Manufacturing ETF FoF	5.4%	-1.6%	1.97%	23.22%	N.A.	N.A.
ICICI Prudential BHARAT 22 FOF	3.72%	-5.46%	1.97%	31.06%	32.75%	12.48%
Motilal Oswal Nifty Bank Index Fund	2.9%	4.25%	13.47%	17.03%	21.64%	7.32%
Aditya Birla Sun Life Nifty India Defence Index Fund	29.32%	31.3%	30.74%	9.35%	5.51%	2.72%
Kotak Nifty Financial Services Ex-Bank Index Fund	9.21%	11.74%	27.76%	15.34%	8.94%	4.37%
ICICI Prudential Nifty Auto Index Fund	2.65%	-2.75%	-4.02%	22.75%	13.09%	6.34%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Mirae Asset Nifty India Manufacturing ETF FoF	16.36	1.06	0.95	1.39
ICICI Prudential BHARAT 22 FOF	17.7	1.1	1.27	2.07
Motilal Oswal Nifty Bank Index Fund	14.93	0.99	0.7	1.36
Aditya Birla Sun Life Nifty India Defence Index Fund	N.A.	N.A.	N.A.	N.A.
Kotak Nifty Financial Services Ex-Bank Index Fund	N.A.	N.A.	N.A.	N.A.
ICICI Prudential Nifty Auto Index Fund	N.A.	N.A.	N.A.	N.A.

View all Other Equity Index funds

Key risk & return ratios Compared to other funds in the category

Alpha	3.35 vs. 2.03 Higher outperformance against benchmark
Sharpe	0.95 vs. 2.19 Poor risk-adjusted returns
Beta	1.06 vs. 0.33 More sensitive to market's ups & downs
Standard deviation	16.36 vs. 5.14 More volatile performance

Compare Mirae Asset Nifty India Manufacturing ETF FoF in detail with

About this fund

About Mirae Asset Nifty India Manufacturing ETF FoF

Mirae Asset Nifty India Manufacturing ETF FoF Direct - Growth is a Other Equity Index mutual fund scheme from Mirae Asset Mutual Fund. This fund has been in existence for 3 yrs 4 m, having been launched on 10/01/2022. Mirae Asset Nifty India Manufacturing ETF FoF Direct - Growth has ₹108 Crores worth of assets under management (AUM) as on 31/03/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Mirae Asset Nifty India Manufacturing ETF FoF Direct - Growth as of 05/06/2025 is ₹18.05. The fund has an expense ratio of 0.1%, which is less than what most other Other Equity Index funds charge.

Mirae Asset Nifty India Manufacturing ETF FoF Direct - Growth returns of last 1-year are 3.42%. Since launch, it has delivered 19.30% average annual returns. The fund has doubled the money invested in it every 3 yrs.
Mirae Asset Nifty India Manufacturing ETF FoF Direct - Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.
The fund has the majority of its money invested in Unclassified sectors. It has taken less exposure in Unclassified sectors compared to other funds in the category.
The fund's top 5 holdings are in Mirae Asset Nifty India Manufacturing ETF - Growth.

...

Fund AUM	₹108 Crs as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Ekta Gala

Ms. Gala is a B.Com & Inter CA (IPCC) Prior to joining Mirae Asset Mutual Fund, she has worked with ICICI Prudential Asset Management Company Ltd.

Vishal Singh

Mr. Singh has done B.Com, CA, CFA and FRM Prior to joining Mirae Asset Mutual Fund, he was associated with NSE Indices Ltd. and Aranca (India) Private Ltd.

Investment objective

The scheme seeks to provide long-term capital appreciation from a portfolio investing predominantly in units of Mirae Asset Nifty India Manufacturing ETF.

Mirae Asset Mutual Fund details

No. of schemes	43 view all schemes
Total AUM	₹1,90,637 Crs as on Mar 31, 2025
Address	Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai, 400098
Phone	022-67800301 / 1800-2090-777

More funds from Mirae Asset Mutual Fund

Fund name	ETM Rank	AUM (in Crs.)	1Y	5Y
Mirae Asset Midcap Fund	N.A.	₹15,415 Crs	8.72%	31.14%
Mirae Asset ELSS Tax Saver Fund	N.A.	₹24,774 Crs	11.38%	25.55%
Mirae Asset Large & Midcap Fund	N.A.	₹36,507 Crs	8.15%	25.21%
Mirae Asset Great Consumer Fund	N.A.	₹4,117 Crs	6.87%	25.04%
Mirae Asset Healthcare Fund	N.A.	₹2,683 Crs	19.6%	23.64%
Mirae Asset Focused Fund	N.A.	₹7,650 Crs	15.88%	22.27%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of Mirae Asset Nifty India Manufacturing ETF FoF?

The current Net Asset Value (NAV) of the Mirae Asset Nifty India Manufacturing ETF FoF - Direct Growth plan is approximately ₹18.045 as of Jun 05, 2025.

What are the returns of this mutual fund scheme?

The Mirae Asset Nifty India Manufacturing ETF FoF is a 3 yrs 4 m old fund and has delivered average annual returns of 19.25% since inception.

Mirae Asset Nifty India Manufacturing ETF FoF Returns

1-Year	3-Year	Since Inception
1.97%	23.22%	19.25%

How much does this mutual fund charge as expense ratio?

The Mirae Asset Nifty India Manufacturing ETF FoF - Direct Growth has an expense ratio of 0.1%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The Mirae Asset Nifty India Manufacturing ETF FoF currently has assets under management (AUM) or fund size valued at approximately ₹108 Crs crore as of Mar 31, 2025.

What is risk level of Mirae Asset Nifty India Manufacturing ETF FoF?

This is a Other Equity Index fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Mirae Asset Nifty India Manufacturing ETF FoF?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Mirae Asset Nifty India Manufacturing ETF FoF and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in Mirae Asset Nifty India Manufacturing ETF FoF is complete.

How can I redeem my investments in Mirae Asset Nifty India Manufacturing ETF FoF?

Redeeming your investments in Mirae Asset Nifty India Manufacturing ETF FoF is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Mirae Asset Nifty India Manufacturing ETF FoF from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Other Equity Index

#NA

Return Outperformance: This fund has generated highest return amongst Other Equity Index funds in the last 3 Years.
Expense Ratio: This fund has the 2nd lowest expense ratio amongst actively/passively managed Other Equity Index funds.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 0.05%, if redeemed within 15 Days.