Mirae Asset Nifty EV and New Age Automotive E T F
The scheme seeks to generate returns, before expenses, that are commensurate with the performance of the Nifty EV and New Age Automotive Total Return Index, subject to tracking error. The Scheme does not guarantee or assure any returns.
Growthvine rating: 2/5 — ranked #133 of 186 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹28.61 (as of 2026-10-23) |
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| AUM | ₹181 Cr |
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| Expense ratio | 0.35% |
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| Riskometer | Very High |
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| Fund manager | Ritesh Patel |
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| Exit load | 0 |
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Performance & risk
| Standard deviation | 0.00% |
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| Max drawdown | −30.92% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 81.9% of NIFTY Auto's upside and 98.3% of its downside.
Market cap allocation
| Large cap | 44.0% |
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| Mid cap | 29.2% |
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| Small cap | 26.9% |
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Concentration
| Top 5 holdings | 28.3% |
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| Top 10 holdings | 48.1% |
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| Total holdings | 37 |
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Top holdings
- Maruti Suzuki India Ltd. — 8.1%
- Mahindra & Mahindra Ltd. — 8.0%
- Sona BLW Precision Forgings Limited — 4.1%
- Samvardhana Motherson International Limited — 4.0%
- Bosch Ltd — 4.0%
- Sansera Engineering Limited — 4.0%
- Reliance Industries Ltd — 4.0%
- CG Power and Industrial Solutions Limited — 4.0%
- UNO Minda Limited — 3.9%
- KEI Industries Ltd. — 3.9%
Top sectors
- Automobile — 68.5%
- Chemicals — 9.0%
- Software & Services — 6.3%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −9.4% | Q3 | #111 of 167 |
| 2025 | 6.4% | Q2 | #46 of 132 |