Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth

Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth

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.

₹17.92

0.1%1D

NAV as on 12 Aug 2025

17.97%/per year

Since Inception

Absolute Gain%

282 people have invested ₹ 9.9L 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 (12-Aug-25)

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

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
-1.88%
2.74%
10.1%
-4.49%
19.11%
--
Nifty 500
-3.07%
0.25%
7.94%
-1.52%
14.23%
19.44%
Equity - Other Avg
--
--
--
--
--
--
Best in Equity - Other
1.53%
17.59%
35.2%
12.45%
33.37%
32.4%
Worst in Equity - Other
-9.6%
-0.78%
-6.72%
-17.77%
7.28%
12.94%
Category Rank
24/39
--
--
--
--
--

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

Ranked based on performance, risk management and cost efficiency

25
/40
26% Performance
59% Risk Management
72% Cost

Ranked 25 out of 40 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
25/40
113Cr
0.59%
-4.49%
19.11%
--
--
0.91
1.43
--
ICICI Prudential India Opportunities Fund Direct Growth
1/40
29,718Cr
0.61%
4.15%
23.95%
9.01
0.82
1.49
2.94
1.86
ICICI Prudential Business Cycle Fund Direct Growth
2/40
13,479Cr
0.72%
7.52%
23.11%
7.29
0.86
1.31
2.54
1.57
Nippon India Quant Fund Direct Growth
3/40
103Cr
0.41%
1.03%
20.01%
6.44
0.99
1.08
1.91
2.20
Positive: Protects capital during bear phase
Protects capital during bear phase
Negative: No bad points found for this fund.
No bad points found for this fund.

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

Mirae Asset Nifty India Manufacturing ETF Fund of Fund Asset Allocation

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

Fund Distribution

as on (14-Jul-25)

Equity 100%

Debt & Cash 0.1%

Large cap
69.9%

Mid cap
27.1%

Small cap
2.7%

Mid Cap allocation has gone down from 27.2% to 26.9%
Mid Cap allocation has gone down from 27.2% to 26.9%
Large Cap allocation has gone up from 69.6% to 70.2%
Large Cap allocation has gone up from 69.6% to 70.2%
Small Cap allocation has gone up from 2.5% to 2.7%
Small Cap allocation has gone up from 2.5% to 2.7%
Cash allocation has gone down from 0.1% to 0%
Cash allocation has gone down from 0.1% to 0%

Mirae Asset Nifty India Manufacturing ETF Fund of Fund Sector Allocation

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

Sector Allocation

Equity 100%

Debt & Cash 0.1%

Consumer Cyclical
29.9%
Industrial
23.4%
Basic Materials
21%
Health
15.7%
Energy
8%
Tech
2%

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

Jun'25

Consumer Cyclical

30%

Industrial

25%

Basic Materials

20%

May'25

Consumer Cyclical

30%

Industrial

23%

Basic Materials

20%

Mirae Asset Nifty India Manufacturing ETF Fund of Fund Holdings Details

as on (31-Jul-25)

Equity

Holdings
Weight%
1M Change
Mirae Asset Nifty India Mfg ETF
99.94%
-2.4%

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 ratio0.59%
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
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 Direct Growth is an equity fund. This fund was started on 31 January, 2022. The fund is managed by Ekta Gala, Akshay Udeshi. 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 Jul 2025 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 17.97% since inception. Over the last 1 and 3 years the fund has given a CAGR return of -4.49% and 19.11% 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

Akshay Udeshi

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

Learn more about Mirae Mutual Fund
Parameters
Jun'25
May'25
Apr'25
AUM
₹ 112.9 Cr
₹ 112.7 Cr
₹ 108 Cr
  • AUM of the fund stands at 112.9 Cr as of Jun'25
  • AUM increased by 0.2 Cr between Jun'25 and May'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 ₹17.92. 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 -4.49% in 1 year, 19.11% in 3 years

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

The fund managers are Ekta Gala, Akshay Udeshi.

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 0.59%. 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(99.94%)