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 184 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹19.04 (as of 2026-10-01) |
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| AUM | ₹126 Cr |
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| Expense ratio | 0.37% |
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| Riskometer | Very High |
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| Fund manager | Ekta Gala |
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| Exit load | 0.05% for redemption within 15 days |
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Performance & risk
| Sharpe ratio | 0.78 |
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| Standard deviation | 16.78% |
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| Max drawdown | −23.16% |
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| Alpha | 4.48 |
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| Beta | 1.01 |
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Over 5 years, captured 96.8% of NIFTY India Manufacturing's upside and 100.1% of its downside.
Market cap allocation
| Large cap | 69.4% |
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| Mid cap | 28.2% |
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| Small cap | 2.4% |
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Concentration
| Top 5 holdings | 100.0% |
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| Top 10 holdings | 100.0% |
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| Total holdings | 1 |
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Top holdings
- Mirae Asset Nifty India Manufacturing ETF — 100.0%
Top sectors
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | −1.5% | Q2 | #71 of 167 |
| 2025 | 11.4% | Q1 (Top) | #16 of 132 |
| 2024 | 24.3% | Q2 | #23 of 86 |
| 2023 | 33.2% | Q2 | #20 of 66 |