Mirae Asset Nifty India Manufacturing ETF Fund of Fund

Mirae Asset Nifty India Manufacturing ETF Fund of Fund

Equity

Mirae Mutual Fund

Equity - Other

Get the latest NAV of Mirae Asset Nifty India Manufacturing ETF Fund of Fund. 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.

₹18.18

▼-2.4%1D

NAV as on 27 Mar 2026

15.49%/per year

Since Inception

Absolute Gain%

▲▼

460 people have invested ₹ 28.5L in Mirae Asset Nifty India Manufacturing ETF Fund of Fund 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 (27-Mar-26)

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

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
-9.42%
-6.26%
-3.07%
8.09%
22.34%
--
Nifty 500
-9.27%
-11.61%
-7.45%
-1.81%
13.8%
11.59%
Equity - Other Avg
--
--
--
--
--
--
Best in Equity - Other
-0.37%
6.44%
13.1%
23.83%
33.39%
28.15%
Worst in Equity - Other
-11.37%
-19.31%
-20.16%
-13.98%
7.5%
6.61%

Mirae Asset Nifty India Manufacturing ETF Fund of Fund Ranking and Peer Comparison

Ranked based on performance, risk management and cost efficiency

16
/47
34% Performance
70% Risk Management
70% Cost

Ranked 16 out of 47 mutual funds in the equity - other category as per INDmoney.

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
3Y Alpha
3Y Beta
3Y Sharpe
3Y Sortino
3Y Info Ratio
Mirae Asset Nifty India Manufacturing ETF Fund of Fund
16/47
117Cr
0.65%
8.09%
22.34%
--
--
1.21
1.97
--
ICICI Prudential India Opportunities Fund
1/47
35,666Cr
0.65%
3.75%
22.15%
7.78
0.82
1.52
3.00
1.60
ICICI Prudential Business Cycle Fund
2/47
16,202Cr
0.73%
5.53%
21.86%
7.04
0.84
1.44
2.85
1.52
Nippon India Quant Fund
3/47
113Cr
0.53%
2.05%
19.2%
3.82
1.02
1.13
2.00
1.38
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

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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-Mar-26)

Fund Distribution

as on (14-Mar-26)

Large cap
71.8%
Mid cap
25.4%
Small cap
2.9%
Mid Cap allocation has gone up from 25.3% to 25.4%
Mid Cap allocation has gone up from 25.3% to 25.4%
Large Cap allocation has gone up from 71.8% to 71.8%
Large Cap allocation has gone up from 71.8% to 71.8%
Small Cap allocation has gone down from 2.9% to 2.9%
Small Cap allocation has gone down from 2.9% to 2.9%
Cash allocation has gone down from 0.1% to -0.1%
Cash allocation has gone down from 0.1% to -0.1%

Mirae Asset Nifty India Manufacturing ETF Fund of Fund Sector Allocation

See fund sector allocation details as on (14-Mar-26)

Sector Allocation

Consumer Cyclical
30.2%
Industrial
22.3%
Basic Materials
20.6%
Health
16.6%
Energy
8.3%
Tech
1.9%

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

Feb'26

Consumer Cyclical

28%

Basic Materials

23%

Industrial

22%

Jan'26

Consumer Cyclical

29%

Basic Materials

22%

Industrial

22%

Mirae Asset Nifty India Manufacturing ETF Fund of Fund Holdings Details

as on (28-Feb-26)

Holdings
Weight%
1M Change
Mirae Asset Nifty India Mfg ETF
100.07%
-0.2%

Mirae Asset Nifty India Manufacturing ETF Fund of Fund Overview

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

Expense ratio0.65%
Benchmark
Nifty India Manufacturing TR INR
AUM₹117 Cr
Inception Date31 January, 2022
Min Lumpsum/SIP₹5,000/₹99
Exit Load
0.1%
Lock InNo Lock-in
TurnOver
10.2%
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 is an equity fund. This fund was started on 31 January, 2022. The fund is managed by Akshay Udeshi, Ekta Gala. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Mirae Asset Nifty India Manufacturing ETF Fund of Fund has ₹117 Cr worth of assets under management (AUM) as on Mar 2026 and is more than category average.
  2. The fund has an expense ratio 0.7.

Returns

Mirae Asset Nifty India Manufacturing ETF Fund of Fund has given a CAGR return of 15.49% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 8.09% and 22.34% respectively.

Holdings

Mirae Asset Nifty India Manufacturing ETF Fund of Fund has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Basic Materials, Industrial, Health, Energy, Corporate, Tech, Utilities, Real Estate. 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

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 has no lock in period.

Fund Manager

Akshay Udeshi

Fund Manager of Mirae Asset Nifty India Manufacturing ETF Fund of Fund, since 12 March 2025

Ekta Gala

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

Learn more about Mirae Mutual Fund
Parameters
Feb'26
Jan'26
Dec'25
AUM
₹ 117.3 Cr
₹ 112.4 Cr
₹ 114.3 Cr
  • AUM of the fund stands at 117.3 Cr as of Feb'26
  • AUM increased by 4.9 Cr between Feb'26 and Jan'26

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

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

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 ₹18.18. 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 8.09% in 1 year, 22.34% in 3 years

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

The fund managers are Akshay Udeshi, 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 0.65%. 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 ₹117 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(100.07%)