Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth

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.

1. Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth has ₹102 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
2. The fund has an expense ratio 0.6.
   

Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth has given a CAGR return of 18.50% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 5.71% and 23.61% respectively.

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

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.

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 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.