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 #122 of 179 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹33.66 (as of 2026-08-21) |
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| AUM | ₹174 Cr |
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| Expense ratio | 0.35% |
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| Riskometer | Very High |
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| Fund manager | Ekta Gala |
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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 78.8% of NIFTY Auto's upside and 98.8% of its downside.
Market cap allocation
| Large cap | 44.7% |
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| Mid cap | 30.9% |
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| Small cap | 24.4% |
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Concentration
| Top 5 holdings | 29.3% |
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| Top 10 holdings | 48.3% |
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| Total holdings | 38 |
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Top holdings
- Mahindra & Mahindra Ltd. — 8.4%
- Maruti Suzuki India Ltd. — 8.2%
- Sona BLW Precision Forgings Limited — 4.7%
- UNO Minda Limited — 4.0%
- Bajaj Auto Limited — 4.0%
- Samvardhana Motherson International Limited — 4.0%
- Bosch Ltd — 3.9%
- Exide Industries Ltd. — 3.8%
- Reliance Industries Ltd — 3.8%
- CG Power and Industrial Solutions Limited — 3.6%
Top sectors
- Automobile — 67.4%
- Chemicals — 8.7%
- Software & Services — 8.4%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 6.5% | Q2 | #54 of 167 |
| 2025 | 6.4% | Q2 | #46 of 132 |