How are the returns of Mirae Asset Nifty India Manufacturing ETF fund?

Mirae Asset Nifty India Manufacturing ETF fund has delivered a CAGR of 1 year: 7.15%, 3 years: 18.42%, 5 years: 0%, and 9 years: 0%. However, its average rolling 1 year: 33.11%, 3 years: 0.00%, 5 years: 0.00%, and 9 years: 0.00%.

How much does Mirae Asset Nifty India Manufacturing ETF Fund charge as expense ratio?

Mirae Asset Nifty India Manufacturing ETF expense ratio is 0.46%

How can I redeem my investments in Mirae Asset Nifty India Manufacturing ETF Fund?

Give a request for redemption of the number of units or the amount you want. The request will be acknowledged and you will get information about the redemption and the NAV at which redeemed. The amount will be deposited in the designated bank account.

What is the PE and PB ratio of Mirae Asset Nifty India Manufacturing ETF Fund Direct Plan Growth?

Mirae Asset Nifty India Manufacturing ETF current PE is 42.77 and PB ratio is 7.09

What is the minimum SIP amount of Mirae Asset Nifty India Manufacturing ETF Fund?

The minimum SIP amount for this fund is Rs.N/A and minimum lumpsum is Rs.5000.00

Mirae Asset Nifty India Manufacturing ETF

Q: What is the AUM or size of Mirae Asset Nifty India Manufacturing ETF Fund?

The AUM of Mirae Asset Nifty India Manufacturing ETF is currently 203 Crores.

Q: What are the top stock holdings of Mirae Asset Nifty India Manufacturing ETF Fund?

The Top 3 stocks are Reliance Industries, Sun Pharma Inds. and Mahindra & Mahindra and account for 15% of its portfolio. Top 5 and 10 stocks of fund account for 23% and 39% of fund’s portfolio respectively.

Q: What are the top sectors Mirae Asset Nifty India Manufacturing ETFfund has invested in?

Top three sectors of funds are Auto, Healthcare and Capital Goods accounting for 62% of the total portfolio.

Q: What is the category of Mirae Asset Nifty India Manufacturing ETF Fund?

The category of Mirae Asset Nifty India Manufacturing ETF is ETFs - Index

NAV 131.96(0.86%)

Apr 17, 2025

Mirae Asset Nifty India Manufacturing ETF

Portfolio Compare

Decision Maker
Portfolio Quality

AUM

₹202 Cr

Expense (%)

0.46

Turnover (%)

N/A

Decision Maker

1. Right Fund

Performance

Quality

2. Right Time

Benchmark

Debt Fund
8%

Likely Future 5 Year CAGR.

3. Right Allocation

Will this Fund help diversify your portfolio?

Right Allocation advice is provided under Omega

Fund Review

3Yr Rolling Returns(%)

Benchmark# : NIFTY 50

Rolling: 1Y 3Y 5Y 9Y

Performance Summary - 10 Year X-Ray

	Dec' 15	Dec' 16	Dec' 17	Dec' 18	Dec' 19	Dec' 20	Dec' 21	Dec' 22	Dec' 23	Dec' 24	YTD
NAV(₹)	-	-	-	-	-	-	-	83.15	111.57	139.85	131.96
AUM(Cr.)	-	-	-	-	-	-	-	76.46	102.58	211.11	202.73
Benchmark# BM# Returns(%)	-	-	-	-	-	-	-	4.41	20.03	8.80	0.88
Fund Returns(%) ⓘ	-	-	-	-	-	-	-	5.29	34.18	25.35	-5.64
Implied Investor Returns(%) IR(%)	-	-	-	-	-	-	-	5.03	34.03	16.85	-19.46
Alpha(%) (Returns over Benchmark)	-	-	-	-	-	-	-	0.88	14.15	16.55	-6.52
Expense Ratio(%)	-	-	-	-	-	-	-	0.37	0.47	0.46	0.46

CAGR ⓘ

	9 Year	5 Year	3 Year	1 Year
Benchmark# BM# Returns(%)	-	-	10.43	5.34
Fund Returns(%)	-	-	18.42	7.15
Implied Investor Returns(%) IR	-	-	13.57	-3.33

Benchmark# is NIFTY 50

Mirae Asset Nifty India Manufacturing ETF Review : 20 Apr 2025

Mirae Asset Nifty India Manufacturing ETF is a ETFs - Index with an 203(Cr) AUM. It is Open Ended scheme launched on 27 Jan 2022. Currently, Ekta Gala and Akshay Udeshi as the fund managers managing the fund. Benchmark of the scheme is Nifty India Manufacturing - TRI.

1. How has the Mirae Asset Nifty India Manufacturing ETF Performed in the past? N/A

The fund has been operational for less than 5 years and hence it too early to be rated on Performance consistency.

The 3, 5 and 9-year average rolling returns and rolling alpha are not available

For last 5 years, Investors have earned close to or more returns than the Fund. This may indicate that they were aligned to the investing process followed by the fund.

2. How is the Quality of Mirae Asset Nifty India Manufacturing ETF? Q

Fund's Portfolio Quality is Very Good. It has a large proportion of Green Stocks.

Portfolio Composition

The fund is 100% in equity and hold 76 number of stocks. The Top 3 stocks are Mahindra & Mahindra, Sun Pharma Inds. and Reliance Industries and account for 15% of its portfolio. Top 5 and 10 stocks of fund account for 23% and 39% of fund’s portfolio respectively. Top three sectors of funds are Auto, Healthcare and Capital Goods accounting for 62% of the total portfolio.

3. Should you SIP in Mirae Asset Nifty India Manufacturing ETF? N/A Q

It is better to invest in a fund with a longer track record as this fund cannot be assessed for consistency of out-performance.

Fund's returns are more likely to be different than its benchmark NIFTY 50 returns, as Fund’s portfolio is significantly different.

You need to look at the other funds in your portfolio and ensure this fund helps diversify your portfolio meaningfully.

Before investing a large lumpsum amount in a fund you need to assess its Upside Potential. You can contact us for advice.

4. What are the Risks in the Mirae Asset Nifty India Manufacturing ETF?

Mirae Asset Nifty India Manufacturing ETF is likely to fall lesser than the market. It is likely to do well in a falling market but not in a rising market.

The Fund has fallen harder, but not recovered faster than its Benchmark.

Underlying Asset Quality & Valuation

Underlying Asset Quality Valuation(%) ⓘ

Underlying Asset Valuation (%) ⓘ

Peer Comparison on returns

Upside and Downside Capture Ratio ⓘ

	1 Year	3 Year	5 Year	9 Year
Upside %	129	125	-	-
Downside %	22	22	24	20

Statistical Measure*

	Mean	Std Dev	Sharpe	Sortino	Beta	Alpha
Fund	0.03%	0.94	0.02	0.03	1.04	-6.52%
Benchmark#	0.02%	1.19	0.01	0.01	1.04	-

*Based on daily returns for past 1 year.

Mean and Standard Deviation

	Average Rolling Return				Standard Deviation
	1 Year	3 Year	5 Year	9 Year	1 Year	3 Year	5 Year	9 Year
Fund	33.11	0.00	0.00	0.00	21.36	0.00	0.00	0.00
Benchmark#	17.34	0.00	0.00	0.00	10.03	0.00	0.00	0.00

Drawdown and Recovery Period ⓘ

Top 10 Holdings

Company (Q)	Sector	% Assets
Reliance Industries Ltd.	Oil & Gas	5.01
Sun Pharmaceutical Industries Ltd.	Healthcare	4.96
Mahindra & Mahindra Ltd.	Auto	4.92
Maruti Suzuki India Ltd.	Auto	4.38
Tata Motors Ltd.	Auto	4.07
Tata Steel Ltd.	Metals & Mining	3.69
Bharat Electronics Ltd.	Capital Goods	3.38
JSW Steel Ltd.	Metals & Mining	2.92
Hindalco Industries Ltd.	Metals & Mining	2.86
Bajaj Auto Ltd.	Auto	2.53

Fund Overview Mirae Asset Nifty India Manufacturing ETF

Launch Date	27 Jan 2022
Benchmark	Nifty India Manufacturing - TRI
Performance comparison Benchmark#	NIFTY 50
Riskometer	Very High
Turnover	-
Type	Open ended scheme
Return Since Launch	24.27%
Min. Investment	5000.00
Min. Additional investment Min. Add. inv.	-
Min. SIP	-
Min. Cheques	-
Min. Withdrawal	1.00
Exit Load	-
Remark	-

Portfolio Compare

FAQ : Mirae Asset Nifty India Manufacturing ETF

Mirae Asset Nifty India Manufacturing ETF has delivered CAGR and average rolling returns as follows :

	1 Year	3 Year	5 Year	9 Year
CAGR(%)	7.15	18.42	N/A	N/A
Average Rolling Returns(%)	33.11	N/A	N/A	N/A

The Current NAV of Mirae Asset Nifty India Manufacturing ETF is ₹131.96.

It is better to invest in a fund with a longer track record as Mirae Asset Nifty India Manufacturing ETF cannot be assessed for consistency of out-performance. Funds returns are more likely to be different than its benchmark NIFTY 50 returns, as Funds portfolio is significantly different.

Mirae Asset Nifty India Manufacturing ETF fund’s expense ratio is 0.46%

The process for redemption is

Give a request for redemption of the number of units or the amount you want. The request will be acknowledged.
You will get information about the redemption and the NAV at which redeemed.
The amount will be deposited in the designated bank account.

The AUM of Mirae Asset Nifty India Manufacturing ETF is currently ₹203 Crores.

The Top three stocks are Reliance Industries, Sun Pharma Inds. and Mahindra & Mahindra and account for 15% of its portfolio. Top 5 and 10 stocks of fund account for 23% and 39% of fund’s portfolio respectively.

Top three sectors of Mirae Asset Nifty India Manufacturing ETF fund are Auto, Healthcare and Capital Goods accounting for 62% of the total portfolio.

Funds Portfolio Quality is Very Good. It has a large proportion of Green Stocks.Since this is a ETFs - Index it is comparatively safer to invest in this fund. However, since it has not consistently outperformed its benchmark index on an average 3-year rolling returns basis it is not the most suitable fund for SIP.

The category of Mirae Asset Nifty India Manufacturing ETF Fund is ETFs - Index.

Ekta Gala and Akshay Udeshi manage the Mirae Asset Nifty India Manufacturing ETF Fund.

Mirae Asset Nifty India Manufacturing ETF current PE ratio is 42.77 and PB ratio is 7.09

The asset allocation of Mirae Asset Nifty India Manufacturing ETF is Stocks : 99.96%, Debt : 0.03% and Gold : 0%

The minimum SIP amount for Mirae Asset Nifty India Manufacturing ETF is N/A and minimum lumpsum is ₹5000.00

The exit load for Mirae Asset Nifty India Manufacturing ETF is N/A

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MoneyWorks4Me method for rating and ranking mutual funds for SIP

MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com

MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:

Performance Consistency: This is measure based on whether the fund has beaten the benchmark index consistently. For this we compare the 3-year rolling returns of the fund with the benchmark for a minimum of 5 years and preferable 10 years. The period of rolling is one month and holding period is 3 years. Fund are color-coded Green on Performance when the fund beats the benchmark more than 90% of the time. It is Orange if it beats 80% to 90% of the time and Red if less than 80%. Funds with less than 5 year data are color-coded Grey.
Quality of Portfolio Holding: Moneyworks4Me has color-coded stocks as Green, Orange and Red based on whether the company's performance has generated a ROCE above a threshold level (cost of capital) over 10 years (minimum 6 years) and generated positive Free Cash Flow. For Banks it checks whether ROE is greater than 15% and sales has grown over previous year. Stocks that perform consistently on these combined metrics are color-coded Green (min score 14 out of 20), Orange (between 8 and 14) and Red (less than 8 out of 20).

Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.

With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.

Here is the summary:

The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.

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*Color code for outperformance consistency

*Number is average 3 year rolling returns

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