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Exchange Traded Funds (ETFs) - Equity ETF
Mirae Asset Nifty India Manufacturing ETF
Mirae Asset Mutual Fund
Risk: Very High Risk
52W Low ₹142.34 31 Mar 2026
52W High ₹169.64 7 Aug 2026
₹158.7628
NAV as of 4 Nov 2026
+1.54% day change
ISININF769K01IB1
Scheme Code149786
StructureOpen Ended Schemes
AUM (avg. July - September 2026)₹259.95 Cr
Expense Ratio (as of 3 Nov 2026)0.51%
Min. InvestmentRs.5000/- and in multiples of Re. 1/- thereafter
Inception Date10 Jan 2022
BenchmarkNifty India Manufacturing Index Total Return Index (INR) · -
Portfolio Turnover27.63%
NFO Period10 Jan 2022 – 20 Jan 2022
Returns
1Y
+0.59%
3Y
+17.42%
Since Inception
+15.70%
Annualised (CAGR) returns for periods over a year.
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Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +3.25% | +2.94% | 43 of 84 |
| 1M | +1.08% | +2.59% | 51 of 81 |
| 3M | -6.98% | -4.45% | 61 of 70 |
| 6M | -0.85% | +0.49% | 46 of 63 |
| YTD | -0.27% | -2.95% | 24 of 84 |
| 1Y | +0.59% | -2.40% | 9 of 53 |
| 2Y | +4.26% | +2.76% | 13 of 45 |
| 3Y | +17.42% | +12.63% | 7 of 35 |
| INCEPTION | +15.70% | — | — |
Ranked among: Exchange Traded Funds (ETFs) - Equity ETF.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +4.38% | +25.10% | -15.08% | 70% | 28% |
| 6M | +9.78% | +38.80% | -20.07% | 82% | 34% |
| 1Y | +21.04% | +64.19% | -6.99% | 89% | 40% |
| 2Y | +22.12% | +45.01% | -1.16% | 99% | 46% |
| 3Y | +21.25% | +27.07% | +14.30% | 100% | 48% |
Rolling returns show the average, best and worst outcome an investor would have seen entering at any point in the window.
NAV History
AUM Trend (₹ Cr, quarterly average)
Expense Ratio Trend
Portfolio · Sep 2026
Asset Allocation
- Equity100.03%
- Debt0.00%
- Cash-0.03%
- Other0.00%
Market Cap Split
- Large Cap69.20%
- Mid Cap27.63%
- Small Cap3.18%
- Others0.00%
Fundamentals
| Fund | Category | |
|---|---|---|
| P/E | 26.72 | — |
| P/B | 3.97 | — |
| Price / Sales | 1.92 | — |
| Price / Cash Flow | 16.09 | — |
| Dividend Yield (%) | 1.24 | — |
Holdings77
Top 5 Stocks21.96%
Top 10 Stocks37.11%
Top 3 Sectors44.52%
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| Mahindra & Mahindra | Automobiles | 4.99% | -0.14% |
| Reliance Industries | Petroleum Products | 4.97% | +0.32% |
| Sun Pharmaceutical | Pharmaceuticals & Biotechnology | 4.61% | -0.25% |
| Maruti Suzuki | Automobiles | 3.73% | -0.35% |
| Tata Steel | Ferrous Metals | 3.66% | +0.14% |
| Bharat Electronics | Aerospace & Defense | 3.33% | -0.10% |
| Hindalco Industries | Non - Ferrous Metals | 3.26% | -0.14% |
| JSW Steel | Ferrous Metals | 2.89% | +0.05% |
| Bajaj Auto | Automobiles | 2.84% | -0.27% |
| Divis Laboratories | Pharmaceuticals & Biotechnology | 2.83% | +0.05% |
| Eicher Motors | Automobiles | 2.36% | -0.17% |
| TVS Motors | Automobiles | 2.31% | -0.05% |
| Hindustan Aeronautics | Aerospace & Defense | 2.12% | +0.01% |
| Tata Motors | Agricultural, Commercial & Construction Vehicles | 2.11% | -0.16% |
| Laurus Labs | Pharmaceuticals & Biotechnology | 1.85% | +0.13% |
View all 79 holdings
| Cipla | Pharmaceuticals & Biotechnology | 1.81% | -0.02% |
| Dr Reddys Laboratories | Pharmaceuticals & Biotechnology | 1.80% | +0.17% |
| Samvardhana Motherson International | Auto Components | 1.73% | -0.01% |
| Torrent Pharmaceuticals | Pharmaceuticals & Biotechnology | 1.69% | +0.46% |
| Vedanta Aluminium Metal | Non - Ferrous Metals | 1.68% | — |
| Cummins | Industrial Products | 1.54% | -0.05% |
| Bharat Petroleum | Petroleum Products | 1.46% | -0.06% |
| Tata Motors Passenger Vehicles | Automobiles | 1.42% | -0.07% |
| CG Power & Industrial Solutions | Electrical Equipment | 1.40% | -0.05% |
| Dixon Technologies | Consumer Durables | 1.31% | -0.11% |
| Bharat Forge | Auto Components | 1.28% | -0.02% |
| GE Vernova T&D | Electrical Equipment | 1.25% | -0.02% |
| Indian Oil Corporation | Petroleum Products | 1.21% | +0.01% |
| Lupin | Pharmaceuticals & Biotechnology | 1.18% | -0.05% |
| Suzlon Energy | Electrical Equipment | 1.15% | -0.19% |
| Solar Industries | Chemicals & Petrochemicals | 1.15% | +0.02% |
| Aurobindo Pharma | Pharmaceuticals & Biotechnology | 1.11% | +0.01% |
| Vedanta | Diversified Metals | 1.09% | +0.00% |
| Pidilite Industries | Chemicals & Petrochemicals | 1.09% | -0.12% |
| Ashok Leyland | Agricultural, Commercial & Construction Vehicles | 1.06% | -0.10% |
| Polycab | Industrial Products | 1.03% | -0.14% |
| Jindal Steel | Ferrous Metals | 1.01% | -0.01% |
| Bosch | Auto Components | 0.98% | -0.02% |
| APL Apollo Tubes | Industrial Products | 0.95% | +0.01% |
| Hitachi Energy | Electrical Equipment | 0.93% | — |
| Sona BLW Precision Forgings | Auto Components | 0.89% | +0.05% |
| SRF | Chemicals & Petrochemicals | 0.86% | +0.00% |
| Welspun Corp | Industrial Products | 0.85% | — |
| ABB | Electrical Equipment | 0.85% | -0.08% |
| Siemens | Electrical Equipment | 0.79% | -0.03% |
| Alkem Laboratories | Pharmaceuticals & Biotechnology | 0.75% | +0.03% |
| Navin Fluorine International | Chemicals & Petrochemicals | 0.73% | -0.01% |
| UPL | Fertilizers & Agrochemicals | 0.72% | -0.01% |
| Hyundai Motor India | Automobiles | 0.69% | -0.04% |
| Zydus Life Science | Pharmaceuticals & Biotechnology | 0.69% | +0.02% |
| Siemens Energy | Electrical Equipment | 0.68% | +0.02% |
| KEI Industries | Industrial Products | 0.66% | -0.16% |
| Hindustan Zinc | Non - Ferrous Metals | 0.65% | -0.01% |
| Havells | Consumer Durables | 0.61% | -0.11% |
| MRF | Auto Components | 0.61% | -0.01% |
| Tube Investment | Auto Components | 0.61% | -0.08% |
| Voltas | Consumer Durables | 0.58% | -0.05% |
| Page Industries | Textiles & Apparels | 0.55% | +0.03% |
| Supreme Industries | Industrial Products | 0.53% | +0.00% |
| UNO Minda | Auto Components | 0.51% | -0.03% |
| Coromandel International | Fertilizers & Agrochemicals | 0.50% | -0.03% |
| Blue Star | Consumer Durables | 0.47% | +0.03% |
| PI Industries | Fertilizers & Agrochemicals | 0.45% | +0.01% |
| Hindustan Copper | Non - Ferrous Metals | 0.44% | +0.04% |
| Balkrishna Industries | Auto Components | 0.41% | -0.01% |
| Astral | Industrial Products | 0.40% | -0.03% |
| Mazagon Dock Shipbuilders | Industrial Manufacturing | 0.38% | -0.06% |
| Himadri Speciality Chemical | Chemicals & Petrochemicals | 0.38% | +0.02% |
| AIA Engineering | Industrial Products | 0.36% | -0.02% |
| Amber Enterprises | Consumer Durables | 0.35% | — |
| Crompton Greaves | Consumer Durables | 0.32% | -0.03% |
| Linde | Chemicals & Petrochemicals | 0.32% | +0.01% |
| Cochin Shipyard | Industrial Manufacturing | 0.30% | +0.00% |
| KPR Mill | Textiles & Apparels | 0.29% | -0.01% |
| Kaynes Technology India | Industrial Manufacturing | 0.26% | -0.01% |
| Anthem Biosciences | Pharmaceuticals & Biotechnology | 0.22% | +0.04% |
| Escorts Kubota | Agricultural, Commercial & Construction Vehicles | 0.22% | -0.01% |
| TREPS | Reverse Repo / TREPS | 0.13% | — |
| Net Receivables / (Payables) | Net Current Assets | -0.16% | — |
Sector Allocation · Sep 2026
View all 16 sectors
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 16.28 | 18.20 | Low Volatility |
| 3Y | 16.15 | 17.02 | Low Volatility |
What is this?
Annualized population standard deviation of daily denomination-adjusted NAV returns, multiplied by sqrt(252). Values require a full timeframe of NAV history.
Sharpe Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | -0.32 | -0.42 | Above Average |
| 3Y | 0.66 | -0.96 | Above Average |
What is this?
Annualized Sharpe ratio calculated from month-end NAV returns using the latest available FBIL Overnight MIBOR rate as the risk-free rate. For schemes with less than three years of history, the 3Y value uses since-inception data. Applied risk-free rate: 5.85% (published 2026-10-27).
Sortino Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 0.16 | -0.12 | Above Average |
| 3Y | 1.52 | 1.13 | Above Average |
What is this?
Annualized from daily NAV returns using a 0.00% minimum acceptable return; downside deviation includes only returns below this target.
Tracking Difference
1Y-0.54%
3Y-0.58%
Since Inception-0.58%
Versus Nifty India Manufacturing Index - TRI, as of Sep 2026.
Compare With Peers
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
| Aditya Birla Sun Life Silver ETF | +17.76% | +34.31% | — | +24.18% |
| Mirae Asset Nifty Metal ETF | +14.83% | — | — | +9.84% |
| Aditya Birla Sun Life Gold ETF | +13.39% | +29.88% | +22.62% | +11.50% |
| Aditya Birla Sun Life Nifty Healthcare ETF | +12.09% | +21.22% | +14.56% | +14.43% |
| Axis NIFTY Healthcare ETF | +11.90% | +20.81% | +14.24% | +13.66% |
| Mirae Asset S&P 500 Top 50 ETF | +8.67% | +26.16% | +16.78% | +18.29% |
|
Zerodha Nifty Smallcap 100 ETF
Direct Plan
|
+1.55% | — | — | +3.96% |
| Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF | +1.53% | — | — | +0.72% |
| Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF | +0.46% | — | — | +1.27% |
| Aditya Birla Sun Life Nifty Next 50 ETF | -0.33% | +16.69% | +11.06% | +12.86% |
More From Mirae Asset Investment Managers (India) Pvt. Ltd
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
Mirae Asset S&P 500 Top 50 ETF Fund of Fund
Direct Plan · Growth
|
+33.95% | +43.97% | +26.13% | +26.92% |
|
Mirae Asset NYSE FANG + ETF Fund of Fund
Direct Plan · Growth
|
+22.19% | +52.32% | +29.82% | +32.25% |
|
Mirae Asset Healthcare Fund
Direct Plan · Growth
|
+19.10% | +23.89% | +16.63% | +21.84% |
|
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund
Direct Plan · Growth
|
+18.84% | +35.21% | — | +33.26% |
| Mirae Asset Silver ETF | +17.74% | +34.20% | — | +28.25% |
|
Mirae Asset Gold Silver Passive FoF
Direct Plan · IDCW
|
+15.17% | — | — | +30.81% |
| Mirae Asset Nifty Metal ETF | +14.83% | — | — | +9.84% |
| Mirae Asset Gold ETF | +13.34% | +29.79% | — | +26.14% |
|
Mirae Asset Gold ETF Fund of Fund
Direct Plan · Growth
|
+12.77% | — | — | +30.66% |
| Mirae Asset NYSE FANG+ ETF | +8.91% | +37.23% | +22.52% | +24.27% |
About This Scheme
Investment Objective
The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty India Manufacturing Total Return Index, subject to tracking error. The Scheme does not guarantee or assure any returns.
Stated Asset Allocation
Securities included in the Nifty India Manufacturing Index - 95% to 100% (High) Money market instruments / debt securities, Instruments and/or units of debt/liquid schemes of domestic Mutual Funds - 0% to 5% (Low to Medium)
Exit Load
NIL
Fund Managers
Mr. Vishal Singh & Mr. Ritesh Patel
Mr. Vishal Singh (Fund Manager- ETF) & Mr. Ritesh Patel (Primary)
Official Documents
Scheme Information Document (PDF)
Scheme Summary (PDF)
Scheme Summary (XLS)
Mirae Asset Investment Managers (India) Pvt. Ltd website
Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not indicative of future returns. Data is sourced from AMFI and fund houses via FinAPI and may lag official figures.