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 - Regular 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 - Regular Plan - IDCW

Latest NAV

₹20.0070

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%	-4.18%	+4.05	60 / 100	Q3
1W	-0.27%	-4.68%	+4.42	42 / 100	Q2
2W	-0.41%	-5.34%	+4.93	54 / 100	Q3
1M	-0.56%	-5.74%	+5.18	56 / 100	Q3
3M	+2.25%	-4.97%	+7.21	23 / 100	Q1
6M	+4.46%	-5.75%	+10.21	8 / 92	Q1
YTD	+2.83%	-3.32%	+6.15	36 / 90	Q2
1Y	+9.68%	+13.10%	-3.42	28 / 81	Q2
2Y	+3.17%	+13.98%	-10.81	32 / 51	Q3
3Y	+18.71%	+13.59%	+5.13	10 / 41	Q1
4Y	+19.63%	+12.50%	+7.14	8 / 36	Q1
5Y	—	—	—	—	—
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+16.54%	+8.51%	+8.02	21 / 100	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	+2.83%	+1.17%	+1.66	36 / 85
2025	+10.56%	+34.91%	-24.35	21 / 55
2024	+24.48%	+12.37%	+12.11	3 / 42
2023	+32.43%	+13.03%	+19.40	3 / 41
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

+21.56%

43 windows

min -3.2% · max 59.7%

88% positive

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

3-Year rolling

+21.46%

18 windows

min 18.0% · max 25.3%

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

0.83

vs risk-free 6.5%

Sortino ratio

1.52

Downside-only deviation

Max drawdown

-23.16%

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	₹20.0070
16 Jul 2026	₹20.0340
15 Jul 2026	₹20.0340
14 Jul 2026	₹19.9470
13 Jul 2026	₹19.9690
10 Jul 2026	₹20.0610
9 Jul 2026	₹19.8200
8 Jul 2026	₹19.7800
7 Jul 2026	₹20.1220
6 Jul 2026	₹20.3200

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 - Regular Plan - IDCW is ₹20.0070. It's a Fund of Funds - Domestic from Mirae Asset, run as a Regular plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

Mirae Asset Nifty India Manufacturing ETF FOF - Regular 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 - Regular 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 - Regular Plan - IDCW has delivered a absolute return of 9.68% — -3.42 pp behind the Fund of Funds - Domestic category average of 13.10%. The fund ranks #28 of 81 in its category — the second (Q2) quartile.

Over the trailing 3-year window, Mirae Asset Nifty India Manufacturing ETF FOF - Regular Plan - IDCW has delivered a CAGR of 18.71% — +5.13 pp ahead of the Fund of Funds - Domestic category average of 13.59%. The fund ranks #10 of 41 in its category — the top (Q1) quartile.

Mirae Asset Nifty India Manufacturing ETF FOF - Regular 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 - Regular Plan - IDCW exactly 3 years ago would be worth approximately ₹167,297 today — a multiplier of 1.67×, based on the 3-year CAGR of 18.71%. The category average over the same window would have grown ₹1 lakh to ₹146,545.

A ₹10,000 monthly SIP in Mirae Asset Nifty India Manufacturing ETF FOF - Regular Plan - IDCW over the last 3 years — total invested ₹360,000 — would be worth ₹433,626 today. That's an XIRR (money-weighted annualised return) of 12.46%.

Mirae Asset Nifty India Manufacturing ETF FOF - Regular 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 ₹433,626 — XIRR 12.46%.

On a 3-year basis, Mirae Asset Nifty India Manufacturing ETF FOF - Regular Plan - IDCW ranks #10 out of 41 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 13.59%; this fund delivered 18.71%.

The worst peak-to-trough decline Mirae Asset Nifty India Manufacturing ETF FOF - Regular Plan - IDCW has experienced over the last 3-year window is 23.16% — 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 - Regular Plan - IDCW averaged 21.46% (best 25.30%, worst 18.01%). 100% of rolling windows ended positive. The 3-year Sharpe ratio is 0.83 — reasonable risk-adjusted performance.

In calendar year 2025, Mirae Asset Nifty India Manufacturing ETF FOF - Regular Plan - IDCW returned 10.56% — lagging the Fund of Funds - Domestic category average of 34.91% by 24.35 pp. It ranked #21 of 55 in its category that year.

Mirae Asset Nifty India Manufacturing ETF FOF - Regular 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 - Regular 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.