Should I invest in Mirae Asset Nifty India Manufacturing ETF FOF?

We don't give personal investment advice. Mirae Asset Nifty India Manufacturing ETF FOF - Direct Plan- IDCW is suitable for an investor whose:understands what asset class this scheme actually invests in (check the factsheet)matches that asset class's volatility profile to their goal horizonCross-check the numbers above against alternatives before deciding.

Mirae Asset

Mirae Asset Nifty India Manufacturing ETF FOF - Direct Plan- IDCW

Latest NAV

₹20.2800

As of

17 Jul 2026

1,097 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	-0.13%	-0.15%	+0.03	82 / 125	Q3
1W	-0.26%	-4.47%	+4.20	60 / 130	Q2
2W	-0.40%	-5.11%	+4.71	72 / 130	Q3
1M	-0.53%	-5.39%	+4.86	78 / 130	Q3
3M	+2.34%	-4.67%	+7.01	27 / 130	Q1
6M	+4.65%	-5.19%	+9.84	10 / 122	Q1
YTD	+3.03%	-2.99%	+6.02	46 / 120	Q2
1Y	+10.07%	+12.27%	-2.20	35 / 111	Q2
2Y	+3.55%	+6.29%	-2.74	51 / 84	Q3
3Y	+19.15%	+6.43%	+12.73	15 / 73	Q1
4Y	+20.08%	+5.33%	+14.76	13 / 68	Q1
5Y	—	—	—	—	—
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+16.89%	+8.45%	+8.44	23 / 130	Q1

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	+3.03%	+1.22%	+1.81	46 / 114
2025	+10.96%	+30.86%	-19.90	33 / 83
2024	+24.94%	+13.06%	+11.88	4 / 69
2023	+32.97%	+14.87%	+18.10	4 / 68
2022	—	—	—	—

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+22.01%

43 windows

min -2.8% · max 60.3%

91% positive

Limited basis — fund is young, so this average may be skewed by which 1Y windows happen to be available.

3-Year rolling

+21.92%

18 windows

min 18.3% · max 25.8%

100% positive

Limited basis — fund is young, so this average may be skewed by which 3Y windows happen to be available.

5-Year rolling

—

Insufficient history

7-Year rolling

—

Insufficient history

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

14.10%

3-year · annualised

Sharpe ratio

0.86

vs risk-free 6.5%

Sortino ratio

1.58

Downside-only deviation

Max drawdown

-23.01%

Sep 2024 → Apr 2025

% positive months

66.7%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Fund of Funds - Domestic

Scheme	Fund house	NAV	As of
HDFC Diversified Equity All Cap Active FOF - IDCW - Direct Plan	HDFC	₹10.2128	17 Jul 2026
ICICI Prudential Aggressive Plan	ICICI Prudential	₹170.3532	17 Jul 2026
Invesco India Gold ETF Fund of Fund - Direct Plan - IDCW (Payout / Reinvestment)	Invesco	₹40.6301	17 Jul 2026
Bandhan Aggressive Hybrid Passive FOF - Direct Plan - IDCW	Bandhan	₹36.8685	17 Jul 2026
Aditya Birla Sun Life Aggressive Hybrid Omni FOF- Regular - IDCW	Aditya Birla Sun Life	₹39.2303	17 Jul 2026
Franklin India Dynamic Asset Allocation Active Fund of funds - Direct - IDCW	Franklin India	₹49.0060	17 Jul 2026
FT India Dynamic PE Ratio Fund of Funds-Dividend	Franklin Templeton	₹41.1991	17 Jul 2026
Mirae Asset BSE 200 Equal Weight ETF Fund of Fund - Direct Plan - IDCW	Mirae Asset	₹11.7230	17 Jul 2026
Kotak Equity-FOF-Dividend	Kotak Mahindra	₹247.0000	17 Jul 2026
Kotak Gold Fund Payout of Income Distribution cum capital withdrawal option	Kotak	₹53.5272	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹20.2800
16 Jul 2026	₹20.3060
15 Jul 2026	₹20.3060
14 Jul 2026	₹20.2190
13 Jul 2026	₹20.2400
10 Jul 2026	₹20.3330
9 Jul 2026	₹20.0880
8 Jul 2026	₹20.0480
7 Jul 2026	₹20.3950
6 Jul 2026	₹20.5940

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 17 Jul 2026, the NAV of Mirae Asset Nifty India Manufacturing ETF FOF - Direct Plan- IDCW is ₹20.2800. It's a Fund of Funds - Domestic from Mirae Asset, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

Mirae Asset Nifty India Manufacturing ETF FOF - Direct Plan- IDCW has NAV history starting from 01 Feb 2022, a track record of about 4 years 5 months. It's a relatively new scheme. With under 5 years of NAVs, peer comparison is the best yardstick — point-to-point returns can be skewed by entry timing.

Mirae Asset Nifty India Manufacturing ETF FOF - Direct Plan- IDCW is managed by Mirae Asset. It's classified by AMFI under the 'Fund of Funds - Domestic' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Mirae Asset Nifty India Manufacturing ETF FOF - Direct Plan- IDCW has delivered a absolute return of 10.07% — -2.2 pp behind the Fund of Funds - Domestic category average of 12.27%. The fund ranks #35 of 111 in its category — the second (Q2) quartile.

Over the trailing 3-year window, Mirae Asset Nifty India Manufacturing ETF FOF - Direct Plan- IDCW has delivered a CAGR of 19.15% — +12.73 pp ahead of the Fund of Funds - Domestic category average of 6.43%. The fund ranks #15 of 73 in its category — the top (Q1) quartile.

Mirae Asset Nifty India Manufacturing ETF FOF - Direct Plan- IDCW doesn't have a complete 5-year window yet (we need at least 5 year of NAVs). Check the shorter-window returns above.

₹1 lakh invested in Mirae Asset Nifty India Manufacturing ETF FOF - Direct Plan- IDCW exactly 3 years ago would be worth approximately ₹169,169 today — a multiplier of 1.69×, based on the 3-year CAGR of 19.15%. The category average over the same window would have grown ₹1 lakh to ₹120,550.

A ₹10,000 monthly SIP in Mirae Asset Nifty India Manufacturing ETF FOF - Direct Plan- IDCW over the last 3 years — total invested ₹360,000 — would be worth ₹436,274 today. That's an XIRR (money-weighted annualised return) of 12.88%.

Mirae Asset Nifty India Manufacturing ETF FOF - Direct Plan- IDCW doesn't yet have 10 years of NAVs. Over the longest available window (3-year SIP), ₹10,000/month would have grown to ₹436,274 — XIRR 12.88%.

On a 3-year basis, Mirae Asset Nifty India Manufacturing ETF FOF - Direct Plan- IDCW ranks #15 out of 73 funds in the Fund of Funds - Domestic category — that places it in the top quartile (Q1) — strong outperformance. The category average return over the same window is 6.43%; this fund delivered 19.15%.

The worst peak-to-trough decline Mirae Asset Nifty India Manufacturing ETF FOF - Direct Plan- IDCW has experienced over the last 3-year window is 23.01% — its NAV fell from a high on 27 Sep 2024 to a low on 07 Apr 2025. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 3-year rolling windows, Mirae Asset Nifty India Manufacturing ETF FOF - Direct Plan- IDCW averaged 21.92% (best 25.78%, worst 18.34%). 100% of rolling windows ended positive. The 3-year Sharpe ratio is 0.86 — reasonable risk-adjusted performance.

In calendar year 2025, Mirae Asset Nifty India Manufacturing ETF FOF - Direct Plan- IDCW returned 10.96% — lagging the Fund of Funds - Domestic category average of 30.86% by 19.90 pp. It ranked #33 of 83 in its category that year.

Mirae Asset Nifty India Manufacturing ETF FOF - Direct Plan- IDCW doesn't fit cleanly into the standard Equity/Debt buckets in our taxonomy. Tax treatment depends on actual asset allocation as disclosed by the AMC — check the factsheet or AMFI's classification table.

We don't give personal investment advice. Mirae Asset Nifty India Manufacturing ETF FOF - Direct Plan- IDCW is suitable for an investor whose:

understands what asset class this scheme actually invests in (check the factsheet)
matches that asset class's volatility profile to their goal horizon

Cross-check the numbers above against alternatives before deciding.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.