Mirae Asset Nifty India Manufacturing ETF FoF
The scheme seeks to provide long-term capital appreciation from a portfolio investing predominantly in units of Mirae Asset Nifty India Manufacturing ETF.
Growthvine rating: 5/5 — ranked #14 of 186 in category.
Fund basics
| Category | Equity: Thematic |
|---|
| NAV | ₹18.09 (as of 2026-10-23) |
|---|
| AUM | ₹129 Cr |
|---|
| Expense ratio | 0.36% |
|---|
| Riskometer | Very High |
|---|
| Fund manager | Ritesh Patel |
|---|
| Exit load | 0.05% for redemption within 15 days |
|---|
Performance & risk
| Sharpe ratio | 0.63 |
|---|
| Standard deviation | 17.33% |
|---|
| Max drawdown | −23.16% |
|---|
| Alpha | 5.37 |
|---|
| Beta | 1.04 |
|---|
Over 5 years, captured 96.8% of NIFTY India Manufacturing's upside and 100.1% of its downside.
Market cap allocation
| Large cap | 69.2% |
|---|
| Mid cap | 27.6% |
|---|
| Small cap | 3.2% |
|---|
Concentration
| Top 5 holdings | 100.0% |
|---|
| Top 10 holdings | 100.0% |
|---|
| Total holdings | 1 |
|---|
Top holdings
- Mirae Asset Nifty India Manufacturing ETF — 100.0%
- TREPS — 0.1%
- Net Receivables / (Payables) — −0.1%
Top sectors
- Equity MF — 100.0%
- Cash — −0.0%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −6.4% | Q2 | #78 of 167 |
| 2025 | 11.4% | Q1 (Top) | #16 of 132 |
| 2024 | 24.3% | Q2 | #23 of 86 |
| 2023 | 33.2% | Q2 | #20 of 66 |