January 30, 2026
RA Jainee
Mirae Asset BSE India Defence ETF FoF – Direct | Growth
📌 Fund Snapshot & Key Details (Master Table)
| Particulars | Details |
| Fund House | Mirae Asset Mutual Fund |
| Scheme Type | Open-ended |
| Category | Equity: Thematic |
| Benchmark | BSE India Defence TRI |
| NFO Opens | 02 February 2026 |
| NFO Closes | 16 February 2026 |
| Plan / Option | Growth, IDCW |
| Minimum Investment (Rs.) | 5000 |
| Exit Load | 0.05% for redemption within 15 days |
| Lock-in Period | NA |
| Riskometer | Very High |
| Registrar | KFin Technologies Ltd. |
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⏱️ Last Updated: 30 January 2026, 10.00 AM
📊 Benchmark Trend & Behaviour – BSE India Defence TRI
The BSE India Defence index aims to track the performance of those stocks representing the Defence theme. Stocks forming the part of specific basic industries and/or their association with Defence will be included in the index.
Methodology
• Stocks forming part of Core Defence category would be capped at an aggregate of 75% with individual stock weight not exceeding 15%.
• Stocks forming part of Non-Core Defence category would be capped at an aggregate of 25% with individual stock weight not exceeding 5%.
For complete details please view the Methodology document at
https://www.bseindices.com/Downloads/BSE_Thematic_Indices_Methodology.pdf
Benchmark Quick Facts
| Launch Date | 14th August 2025 |
| First Vlaue Date | 19th June 2017 |
| Base Value | 1000 |
| Number of Constituents | 34 |
| Reconstitution Frequecy | Semiannually in June and December |
| Weighting Method | Capped Float – Adj. Market Cap |
| Index Universe | BSE 1000 |
| Calculation Currencies | INR |
Performance Snapshot
| INDEX LEVEL | RETURNS | ANNUALIZED RETURNS | ||||||
| 1 MO | 3 MO | YTD* | 1 YR | 3 YRS | 5 YRS | 10 YRS | ||
| TOTAL RETURNS | 7475.97 | -2.86% | -1.62% | 16.98% | 16.98% | 45.78% | 52.74% | — |
| PRICE RETURNS | 6636.22 | -2.86% | -1.68% | 16.29% | 16.29% | 44.72% | 51.12% | — |
Risk Snapshot
| Index Level | ANNUALISED RISK | ANNUALISED RISK-ADJUSTED RETURNS | ||||||
| 1 YR | 3 YRS | 5 YRS | 10 YRS | 1 YR | 3 YRS | 5 YRS | 10 YRS | |
| TOTAL RETURNS | 36.61% | 28.64% | 24.72% | — | 0.46 | 1.58 | 2.13 | — |
| PRICE RETURNS | 36.67% | 28.68% | 24.77% | — | 0.44 | 1.54 | 2.06 | — |
Fundamentals
| PE | PB | Dividend Yield% |
| 49.6 | 10.53 | 0.53 |
Benchmark Index Characteristics
| NUMBER OF CONSTITUENTS | — |
| CONSTITUENT TOTAL MARKET CAP [INR CRORE] | |
| MEAN | 76005.83 |
| LARGEST | 561663.48 |
| SMALLEST | 1453.48 |
| MEDIAN | 13521.68 |
| WEIGHT LARGEST CONSTITUENT [%] | 15.01 |
| WEIGHT TOP 10 CONSTITUENTS [%] | 75.39 |
Sahifund Insight:
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🧠 Investment Strategy – Explained Simply
The scheme seeks to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset BSE India Defence ETF. The Scheme does not guarantee or assure any returns.
👤 Fund Manager & Past Performance – Mirae Asset BSE India Defence ETF FoF Direct-Growth
Fund Manager
Akshay Udeshi
• Mr. Udeshi has done B.E (Electronics) and MBA (Finance)
• Prior to joining Mirae Asset Mutual Fund, he was assocaited with Reliance Retail Ltd. and L&T Financial Services
Ekta Gala
• 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.
Past Performance of Fund Manager
Sahifund Interpretation:
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🎯 Suitable for Which Investors?
Suitable if you:
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❓ Should You Invest in This NFO?
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⚠️ Disclaimer
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully.
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