Business News›Mutual Funds›Mirae Asset Mutual Fund › Mirae Asset Nifty India Manufacturing ETF FoF Regular - IDCW
Mirae Asset Nifty India Manufacturing ETF FoF Regu...
Unrated
NAV as of Jan 14, 2025
16.802.10%
(Earn upto 0.37% Extra Returns with Direct Plan)
Fund Category:
Equity: Thematic
Expense Ratio:
0.46%(1.49% Category
average)Fund Size:
Rs. 109.34 Cr(0.06% of Investment in Category)
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Mirae Asset Nifty India Manufacturing ETF FoF Regular - ...
Unrated
NAV as of Jan 14, 2025
16.802.10%
Expense Ratio:
0.46%
Fund Size:
Rs. 109.34 Cr
Fund Category:
Equity: Thematic
Mirae Asset Nifty India Manufacturing ETF FoF Regular - IDCW Fund Key Highlights
1. Current NAV: The Current Net Asset Value of the Mirae Asset Nifty India Manufacturing ETF FoF - Regular Plan as of Jan 14, 2025 is Rs 16.80 for IDCW option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 21.32% (1yr) and 19.55% (since launch). Whereas, Category returns for the same time duration are: 16.958904908247693% (1yr), 15.377173688762113% (3yr) and 20.65834434025517% (5yr).
3. Fund Size: The Mirae Asset Nifty India Manufacturing ETF FoF - Regular Plan currently holds Assets under Management worth of Rs 113.5639 crore as on Sep 30, 2024.
4. Expense ratio: The expense ratio of the fund is 0.46% for Regular plan as on Dec 31, 2024.
5. Exit Load: Mirae Asset Nifty India Manufacturing ETF FoF - Regular Plan shall attract an Exit Load, "Exit load of 0.05%, if redeemed within 15 Days."
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 99.
1. Current NAV: The Current Net Asset Value of the Mirae Asset Nifty India Manufacturing ETF FoF - Regular Plan as of Jan 14, 2025 is Rs 16.80 for IDCW option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 21.32% (1yr) and 19.55% (since launch). Whereas, Category returns for the same time duration are: 16.958904908247693% (1yr), 15.377173688762113% (3yr) and 20.65834434025517% (5yr).
3. Fund Size: The Mirae Asset Nifty India Manufacturing ETF FoF - Regular Plan currently holds Assets under Management worth of Rs 113.5639 crore as on Sep 30, 2024.
4. Expense ratio: The expense ratio of the fund is 0.46% for Regular plan as on Dec 31, 2024.
5. Exit Load: Mirae Asset Nifty India Manufacturing ETF FoF - Regular Plan shall attract an Exit Load, "Exit load of 0.05%, if redeemed within 15 Days."
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 99.
Mirae Asset Nifty India Manufacturing ETF FoF Regular - IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns -9.46 -15.20 -12.35 17.14 - - Category Avg -9.44 -11.61 -9.01 12.63 14.27 20.03 Rank within Category 70 90 67 18 - - No. of funds within Category 114 105 87 66 34 20 - Loading...
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Return Comparison
- This Fund
- BenchmarkNifty India Manufacturing Total Return Index
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Mirae Asset Nifty India Manufacturing ETF FoF Regular - IDCW Fund Details
Investment Objective - The scheme seeks to provide long-term capital appreciation from a portfolio investing predominantly in units of Mirae Asset Nifty India Manufacturing ETF.
| Fund House | Mirae Asset Mutual Fund |
| Launch Date | Jan 31, 2022 |
| Benchmark | Nifty India Manufacturing Total Return Index |
| Return Since Launch | 18.21% |
| Riskometer | Very High |
| Type | Open-ended |
| Risk Grade | - |
| Return Grade | - |
Mirae Asset Nifty India Manufacturing ETF FoF Regular - IDCW Investment Details
| Minimum Investment (Rs.) | 5,000.00 |
| Minimum Additional Investment (Rs.) | 1,000.00 |
| Minimum SIP Investment (Rs.) | 99.00 |
| Minimum Withdrawal (Rs.) | - |
| Exit Load Exit load of 0.05%, if redeemed within 15 Days. | |
Portfolio Allocation
Asset Allocation
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Asset Allocation History
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EquityDebtCash
Sector Allocation
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Market Cap Allocation
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Concentration & Valuation Analysis
| DEC 2024 | NOV 2024 | OCT 2024 | SEP 2024 | AUG 2024 | JUL 2024 | |
|---|---|---|---|---|---|---|
| Number of Holdings | 1 | 1 | 1 | 1 | 1 | 1 |
| Top 5 Company Holdings | 99.88% | 99.86% | 99.94% | 100.0% | 99.91% | 100.76% |
| Top 10 Company Holdings | 99.88% | 99.86% | 99.94% | 100.0% | 99.91% | 100.76% |
| Company with Highest Exposure | Mirae Asset Nifty India Manufacturing ETF-G (99.88%) | Mirae Asset Nifty India Manufacturing ETF-G (99.86%) | Mirae Asset Nifty India Manufacturing ETF-G (99.94%) | Mirae Asset Nifty India Manufacturing ETF-G (100.0%) | Mirae Asset Nifty India Manufacturing ETF-G (99.91%) | Mirae Asset Nifty India Manufacturing ETF-G (100.76%) |
| Number of Sectors | 12 | 12 | 12 | 12 | 12 | 12 |
| Top 3 Sector Holdings | 65.39% | 65.42% | 65.17% | 65.11% | 64.97% | 65.19% |
| Top 5 Sector Holdings | 87.46% | 87.47% | 87.66% | 87.99% | 87.0% | 87.64% |
| Sector with Highest Exposure | Automobile (29.0%) | Automobile (29.26%) | Automobile (29.69%) | Automobile (30.89%) | Automobile (30.84%) | Automobile (31.51%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Mirae Asset Nifty India Manufacturing ETF-G Unclassified 100.0 - - -
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Mirae Asset Nifty India Manufacturing ETF FoF Regular - IDCW 16.80 Unrated 109.34 -7.57 19.52 - - Edelwei Nifty 100 Quality 30 Index Fund Regular - IDCW 13.71 144.83 -6.36 7.96 10.92 - Baroda BNP Paribas Business Cycle Fund Regular - IDCW 15.16 Unrated 599.26 -7.76 12.27 13.34 - Quant Business Cycle Fund Regular-IDCW 15.98 Unrated 1,462.94 -7.69 11.01 - - Canara Robeco Manufacturing Fund Regular - IDCW 11.57 Unrated 1,700.24 -9.67 - - -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
Mirae Asset Mutual Fund News
Fund Manager
- E.G.Ekta GalaSince Jan 20227 schemes
- V.S.Vishal SinghSince Aug 20236 schemes
Ms. Gala is a B.Com & Inter CA (IPCC) Prior to joining Mirae Asset Mutual Fund, she has worked with ICICI Prudential Asset Management Company Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Mirae Asset Nifty 50 Index Fund Regular-IDCW Large Cap 9.50 Unrated 13.31 - Mirae Asset Nifty LargeMidcap 250 Index Fund Regular-IDCW Large & MidCap 9.45 Unrated 13.06 - Mirae Asset Nifty Total Market Index Fund Regular-IDCW Flexi Cap 9.50 Unrated 32.32 - Mirae Asset Nifty 200 Alpha 30 ETF FoF Regular-IDCW Large Cap 8.48 Unrated 191.61 - Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Regular - IDCW Thematic 9.65 Unrated 215.74 - Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF FoF Regular - IDCW Thematic 10.20 Unrated 194.33 - Mirae Asset Nifty 100 ESG Sector Leaders FoF Regular-IDCW Thematic-ESG 16.93 Unrated 98.26 6.12 Mr. Singh has done B.Com, CA, CFA and FRM Prior to joining Mirae Asset Mutual Fund, he was associated with NSE Indices Ltd. and Aranca (India) Private Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Mirae Asset Nifty 50 Index Fund Regular-IDCW Large Cap 9.50 Unrated 13.31 - Mirae Asset Nifty LargeMidcap 250 Index Fund Regular-IDCW Large & MidCap 9.45 Unrated 13.06 - Mirae Asset Nifty Total Market Index Fund Regular-IDCW Flexi Cap 9.50 Unrated 32.32 - Mirae Asset Nifty 200 Alpha 30 ETF FoF Regular-IDCW Large Cap 8.48 Unrated 191.61 - Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Regular - IDCW Thematic 9.65 Unrated 215.74 - Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF FoF Regular - IDCW Thematic 10.20 Unrated 194.33 -
More Mirae Asset Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| Mirae Asset Large Cap Fund Regular- Growth | 39,554.76 | -1.48 | -7.14 | 0.23 | 13.13 | 10.80 | |
| Mirae Asset Large & Midcap Fund Regular-Growth | 38,680.34 | -1.01 | -7.04 | -0.93 | 15.58 | 13.86 | |
| Mirae Asset ELSS Tax Saver Fund Regular-Growth | 25,315.16 | -1.09 | -6.16 | 0.99 | 17.20 | 14.35 | |
| Mirae Asset Midcap Fund Regular - Growth | 16,695.39 | -0.04 | -6.75 | 0.11 | 19.09 | 19.08 | |
| Mirae Asset Liquid Fund - Growth | 15,672.78 | 0.59 | 1.75 | 3.55 | 7.35 | 6.39 | |
| Mirae Asset Aggressive Hybrid Fund Regular-Growth | 9,054.40 | -1.15 | -5.47 | 1.08 | 13.84 | 11.55 | |
| Mirae Asset Focused Fund Regular - Growth | 8,286.63 | -0.14 | -3.80 | 6.82 | 16.59 | 8.43 | |
| Mirae Asset Great Consumer Fund Regular-Growth | 4,156.07 | -0.08 | -10.49 | 2.59 | 18.11 | 18.88 | |
| Mirae Asset Nifty 50 ETF - Growth | 3,953.30 | -1.61 | -7.82 | -1.24 | 10.39 | 12.23 | |
| Mirae Asset Multicap Fund Regular - Growth | 3,437.28 | -0.78 | -5.33 | 0.58 | 16.94 | - |
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About Mirae Asset Nifty India Manufacturing ETF FoF Regular - IDCW
1. Mirae Asset Nifty India Manufacturing ETF FoF - Regular Plan is Open-ended Thematic Equity scheme which belongs to Mirae Asset Mutual Fund House.
2. The fund was launched on Jan 31, 2022.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide long-term capital appreciation from a portfolio investing predominantly in units of Mirae Asset Nifty India Manufacturing ETF. "
2. It is benchmarked against Nifty India Manufacturing Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.870793% in equities, 0.0% in debts and 0.12920628% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 100.0% of the assets, the top 3 sectors constitute around 65.42% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Mirae Asset Nifty India Manufacturing ETF FoF Regular - IDCW
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
1. Mirae Asset Nifty India Manufacturing ETF FoF - Regular Plan is Open-ended Thematic Equity scheme which belongs to Mirae Asset Mutual Fund House.
2. The fund was launched on Jan 31, 2022.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide long-term capital appreciation from a portfolio investing predominantly in units of Mirae Asset Nifty India Manufacturing ETF. "
2. It is benchmarked against Nifty India Manufacturing Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.870793% in equities, 0.0% in debts and 0.12920628% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 100.0% of the assets, the top 3 sectors constitute around 65.42% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Mirae Asset Nifty India Manufacturing ETF FoF Regular - IDCW
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about Mirae Asset Nifty India Manufacturing ETF FoF Regular - IDCW
- Is it safe to invest in Mirae Asset Nifty India Manufacturing ETF FoF - Regular Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Mirae Asset Nifty India Manufacturing ETF FoF - Regular Plan comes under Very High risk category.
- What is the category of Mirae Asset Nifty India Manufacturing ETF FoF - Regular Plan?Mirae Asset Nifty India Manufacturing ETF FoF - Regular Plan belongs to the Equity : Thematic category of funds.
- How Long should I Invest in Mirae Asset Nifty India Manufacturing ETF FoF - Regular Plan?The suggested investment horizon of investing into Mirae Asset Nifty India Manufacturing ETF FoF - Regular Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Mirae Asset Nifty India Manufacturing ETF FoF - Regular Plan?The Mirae Asset Nifty India Manufacturing ETF FoF - Regular Plan is managed by Ekta Gala (Since Jan 10, 2022) and Vishal Singh (Since Aug 28, 2023).
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