Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth

Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth

Equity

Mirae Mutual Fund

Equity - Other

Get the latest NAV of Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹18.02

▲1%1D

NAV as on 20 Jun 2025

19%/per year

Since Inception

Absolute Gain%

▲▼

282 people have invested ₹ 14.9L in Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth in the last three months

Mirae Asset Nifty India Manufacturing ETF Fund of Fund Performance vs. Nifty 500

Fund returns vs Benchmark returns vs Category Average returns as on (20-Jun-25)

The fund has outperformed the benchmark (Nifty 500) over 3Y, but underperformed over 1Y, 5Y.

Period
This Fund
Nifty 500
Category Avg
1 Month
1.15%
2.02%
-
3 Months
7.26%
9.35%
-
6 Months
2.7%
3.23%
-
1 Year
-2.82%
3.3%
-
3 Years
26.81%
21.17%
-

Peer comparison

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
Inception Returns
Mirae Asset Nifty India Manufacturing ETF Fund of Fund
24/39
113Cr
0.56%
-2.82%
26.81%
19%
ICICI Prudential India Opportunities Fund Direct Growth
1/39
28,204Cr
0.63%
12.43%
31.39%
23.27%
ICICI Prudential Business Cycle Fund Direct Growth
2/39
12,972Cr
0.72%
9.09%
27.83%
23.27%
ICICI Prudential Exports and Services Fund Direct Growth
3/39
1,396Cr
1.69%
10.9%
25.3%
19.47%
See all

Mirae Asset Nifty India Manufacturing ETF Fund of Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

  • SIP

Total Investment

0

Profit

Total Corpus

0

Absolute Return
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Mirae Asset Nifty India Manufacturing ETF Fund of Fund Asset Allocation

See fund asset allocation details as on (14-Jun-25)

Fund Distribution

as on (14-Jun-25)

Equity 99.9%

Debt & Cash 0.1%

Large cap
69.6%
Mid cap
27.2%
Small cap
2.5%
Large Cap allocation has gone down from 70.7% to 69.6%
Large Cap allocation has gone down from 70.7% to 69.6%
Small Cap allocation has gone down from 2.6% to 2.5%
Small Cap allocation has gone down from 2.6% to 2.5%
Mid Cap allocation has gone up from 26.6% to 27.2%
Mid Cap allocation has gone up from 26.6% to 27.2%
Cash allocation has gone up from 0% to 0.1%
Cash allocation has gone up from 0% to 0.1%

Mirae Asset Nifty India Manufacturing ETF Fund of Fund Sector Allocation

See fund sector allocation details as on (14-Jun-25)

Sector Allocation

Equity 99.9%

Debt & Cash 0.1%

Consumer Cyclical
30%
Industrial
22.7%
Basic Materials
21.3%
Health
16%
Energy
8.3%
Tech
1.8%

Top 3 Sectors in May were Consumer Cyclical, Basic Materials & Industrial

May'25

Consumer Cyclical

30%

Industrial

23%

Basic Materials

20%

Apr'25

Consumer Cyclical

31%

Basic Materials

21%

Industrial

20%

Mirae Asset Nifty India Manufacturing ETF Fund of Fund Holdings Details

as on (31-May-25)

Equity

Holdings
Weight%
1M Change
Mirae Asset Nifty India Mfg ETF
99.9%
-0.5%

Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio0.56%
Benchmark
Nifty India Manufacturing TR INR
AUM₹113 Cr
Inception Date31 January, 2022
Min Lumpsum/SIP₹5000/₹99
Exit Load
0.1%
Lock InNo Lock-in
TurnOver
1.52%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

About Mirae Asset Nifty India Manufacturing ETF Fund of Fund

Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth is an equity fund. This fund was started on 31 January, 2022. The fund is managed by Ekta Gala. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth has ₹113 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.6.

Returns

Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth has given a CAGR return of 19.00% since inception. Over the last 1 and 3 years the fund has given a CAGR return of -2.82% and 26.81% respectively.

Holdings

Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Industrial, Basic Materials, Health, Energy, Tech. Its top holdings are Mirae Asset Nifty India Mfg ETF

Taxation

As it is a equity - other mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

Investment objective of Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth

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.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 99.00. Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth has no lock in period.

Fund Manager

Ekta Gala

Fund Manager of Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth, since 31 January 2022

Learn more about Mirae Mutual Fund
Parameters
May'25
Apr'25
Mar'25
AUM
₹ 112.7 Cr
₹ 108 Cr
₹ 101.6 Cr
  • AUM of the fund stands at 112.7 Cr as of May'25
  • AUM increased by 4.7 Cr between May'25 and Apr'25

Compare Mirae Asset Nifty India Manufacturing ETF Fund of Fund

Mirae Asset Nifty India Manufacturing ETF Fund of Fund

VS

ICICI Prudential India Opportunities Fund Direct Growth

Frequently Asked Questions for Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth

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

INDmoney makes it simple to invest in the Mirae Asset Nifty India Manufacturing ETF Fund of Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘Mirae Asset Nifty India Manufacturing ETF Fund of Fund’.
  • Select whether you want to invest in SIP or lump sum.
  • Enter the amount you wish to invest.
  • Set up payments via bank mandate or UPI.

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

The NAV of the fund today is ₹18.02. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

Mirae Asset Nifty India Manufacturing ETF Fund of Fund fund has generated a return of -2.82% in 1 year, 26.81% in 3 years

Who is the fund manager of Mirae Asset Nifty India Manufacturing ETF Fund of Fund?

The fund managers are Ekta Gala.

What is the exit load of the fund?

The exit load is 0.05% if redeemed in 0-15 Days. Exit load is a fee levied for ‘exiting’ the fund earlier than a stipulated period, usually 1 year.

What is the expense ratio of the fund?

The expense ratio is 0.56%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹113 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of Mirae Asset Nifty India Manufacturing ETF Fund of Fund?

The top 3 holdings of the fund are Mirae Asset Nifty India Mfg ETF(99.9%)