Mirae Asset Nifty India Manufacturing ETF Fund of Fund · Regular · Growth
NAV
₹19.8730
as of 14 Jul 2026
Expense Ratio
0.45%
AUM
₹113 Cr
Lumpsum returns (CAGR)
- 1Y
- +10.34%
- 3Y
- +18.85%
- 5Y
- —
- Since Inception
- +16.69%
SIP returns (XIRR)
- 1Y
- +9.94%
- 3Y
- +12.71%
- 5Y
- —
- Since Inception
- +16.53%
What history actually did — last 4 years (Jul 2022 – Jul 2026)
A ₹5,000 monthly SIP for the last 4 years (Jul 2022 – Jul 2026)
Real NAV backtest
A ₹5,000 monthly SIP would be worth ₹3,25,385 today — ₹2,40,000 invested, 15.9% XIRR.
₹2,40,000
Invested
₹3,25,385
Value today
15.9%
XIRR (p.a.)
A ₹1,00,000 lumpsum, the last 4 years (Jul 2022 – Jul 2026)
Real NAV backtest
₹1,00,000 invested 4 years ago would be ₹2,06,130 today (19.8% CAGR).
Fund vs Benchmark (TRI)
Same SIP, benchmark total-return index
The same SIP would be worth ₹3,25,385 in this fund vs ₹2,72,716 in the benchmark — outperformance of ₹52,669.
Buying the worst day
Real NAV backtest
₹1,00,000 invested on the worst market day of the last 4 years (Jul 2022 – Jul 2026) (3 Jun 2024) would be ₹1,11,797 today (1.12×).
Historical simulation using actual published NAVs for the stated period. Past performance may or may not be sustained in the future. Not investment advice.
Risk Metrics
Trailing 1 year, annualised0.34
Sharpe Ratio
+0.10
Alpha
0.52
Beta
0.33
Sortino
16.75%
Std Dev
-12.18%
Max Drawdown
Performance Comparison
Sectoral allocation
as of 31 May 2026- Automobiles19.06%
- Pharmaceuticals & Biotechnology17.27%
- Ferrous Metals9.01%
- Electrical Equipment7.39%
- Petroleum Products7.29%
- Auto Components6.87%
- Non - Ferrous Metals5.77%
- Industrial Products5.19%
- Chemicals & Petrochemicals4.68%
- Aerospace & Defense4.66%
- Consumer Durables3.64%
- Agricultural, Commercial & Construction Vehicles2.71%
Each sector links to the mutual funds most exposed to it.
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Fund Details
Available transactions
Investment Objective
Mirae Asset Nifty India Manufacturing ETF Fund of Fund · Regular · Growth by Mirae Asset Mutual Fund is a Fund of Funds (Domestic) fund that aims to generate optimal returns for investors based on its investment mandate. The fund follows a disciplined investment process aligned with SEBI regulations for the Fund of Funds (Domestic) category.
About This Fund
Mirae Asset Nifty India Manufacturing ETF Fund of Fund · Regular · Growth is a Fund of Funds (Domestic) mutual fund offered by Mirae Asset Mutual Fund. The fund has been operational for over 4 years. It manages assets worth ₹113 Cr, reflecting investor confidence in the fund's strategy. It benchmarks its performance against NIFTY 50 TRI. The current expense ratio is 0.45%.
Who Should Invest?
- •Investors with a high risk appetite seeking long-term wealth creation
- •Investors with an investment horizon of 5 years or more
- •SIP investors who can benefit from rupee cost averaging during market fluctuations