Mirae Asset Nifty India Manufacturing ETF Fund of Fund · Regular · Growth
NAV
₹20.4840
as of 31 Jul 2026
Expense Ratio
0.45%
AUM
₹118 Cr
Lumpsum returns (CAGR)
- 1Y
- +14.90%
- 3Y
- +18.64%
- 5Y
- —
- Since Inception
- +17.29%
SIP returns (XIRR)
- 1Y
- +14.86%
- 3Y
- +14.38%
- 5Y
- —
- Since Inception
- +17.57%
What history actually did — last 4 years (Aug 2022 – Jul 2026)
A ₹5,000 monthly SIP for the last 4 years (Aug 2022 – Jul 2026)
Real NAV backtest
A ₹5,000 monthly SIP would be worth ₹3,25,587 today — ₹2,35,000 invested, 17.0% XIRR.
₹2,35,000
Invested
₹3,25,587
Value today
17.0%
XIRR (p.a.)
A ₹1,00,000 lumpsum, the last 4 years (Aug 2022 – Jul 2026)
Real NAV backtest
₹1,00,000 invested 4 years ago would be ₹1,98,335 today (18.7% CAGR).
Fund vs Benchmark (TRI)
Same SIP, benchmark total-return index
The same SIP would be worth ₹3,25,587 in this fund vs ₹2,69,589 in the benchmark — outperformance of ₹55,998.
Buying the worst day
Real NAV backtest
₹1,00,000 invested on the worst market day of the last 4 years (Aug 2022 – Jul 2026) (3 Jun 2024) would be ₹1,15,234 today (1.15×).
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, annualised0.54
Sharpe Ratio
+0.15
Alpha
0.54
Beta
0.52
Sortino
16.38%
Std Dev
-12.18%
Max Drawdown
Performance Comparison
Sectoral allocation
as of 30 Jun 2026- Automobiles18.77%
- Pharmaceuticals & Biotechnology17.44%
- Electrical Equipment8.68%
- Petroleum Products7.87%
- Ferrous Metals7.47%
- Auto Components6.76%
- Industrial Products6.08%
- Aerospace & Defense5.56%
- Chemicals & Petrochemicals4.68%
- Non - Ferrous Metals4.35%
- Consumer Durables3.53%
- Agricultural, Commercial & Construction Vehicles3.45%
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 ₹118 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