October 16, 2025
RA Jainee
Mirae Asset Nifty India Manufacturing ETF details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 152.1734
Suitable For Which Investors?
Nobody should invest in Manufacturing funds in our opinion, because:
• They have a narrow focus on only companies following the manufacturing theme
• Instead, diversified equity funds which invest across sectors/themes are better
If you still choose to invest:
1. Invest only through SIP
2. Have a 7+ year investment horizon
3. Be prepared to withstand interim sharp declines in investment value
Fund’s Investment Strategy:
The scheme seeks to generate returns, before expenses, that are commensurate with the performance of the Nifty India Manufacturing Total Return Index, subject to tracking error.
Fund Manager:
1) Akshay Udeshi
Education: Mr. Udeshi has done B.E (Electronics) and MBA (Finance)
Experience: Prior to joining Mirae Asset Mutual Fund, he was assocaited with Reliance Retail Ltd. and L&T Financial Services
2) Ekta Gala
Education: Ms. Gala is a B.Com & Inter CA (IPCC)
Experience: Prior to joining Mirae Asset Mutual Fund, she has worked with ICICI Prudential Asset Management Company Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | — |
| Min. SIP Investment (Rs) | — |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | — |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Mirae Asset Nifty India Manufacturing ETF
| Fund House | Mirae Asset Mutual Fund |
| Launch Date | 27-Jan-22 |
| Return Since Launch | 19.86% |
| Benchmark | Nifty India Manufacturing TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 211 Cr |
| (As on 30-Sep-2025) | |
| Expense | 0.53% |
| (As on 30-Sep-2025) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset Nifty Ind Manufacturing ETF | 8.81 | -0.40 | -0.07 | 4.63 | 19.59 | -1.95 | 22.85 | — | — | — |
| BSE India Manufacturing TRI | 8.44 | -0.50 | -0.05 | 3.35 | 13.25 | -1.79 | 19.82 | — | — | — |
| Equity: Thematic-Manufacturing | 3.85 | -0.42 | -0.49 | 2.47 | 18.00 | -3.06 | 22.30 | — | — | — |
| Rank within category | 1 | 7 | 6 | 1 | 4 | 6 | 2 | — | — | — |
| Number of funds in category | 16 | 20 | 20 | 18 | 17 | 15 | 6 | 2 | 2 | 1 |
Peer Comparison of Mirae Asset Nifty India Manufacturing ETF
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Mirae Asset Nifty Ind Manufacturing ETF | Unrated | -1.95 | 22.85 | — | 0.53 | 211 | 19.86 | — | 3Y 8M | — |
| HDFC Manufacturing Reg | Unrated | -1.25 | — | — | 1.75 | 11,574 | 7.38 | 1.00 (30) | 1Y 4M | 37.09 |
| ICICI Pru Manufacturing | Unrated | -1.16 | 26.86 | 29.45 | 1.82 | 6,608 | 19.84 | 1.00 (365) | 7Y | 47.00 |
| Axis India Manufacturing Reg | Unrated | -4 | — | — | 1.83 | 5,301 | 20.81 | 1.00 (360) | 1Y 9M | 50.00 |
| Kotak Manufacture in India Reg | Unrated | 0.32 | 20.57 | — | 1.96 | 2,514 | 19.69 | 0.50 (90) | 3Y 7M | 37.10 |
Portfolio Analysis of Mirae Asset Nifty India Manufacturing ETF
| No. of Stocks | 74 |
| Top 10 Stocks | 39.28% |
| Top 5 Stocks | 23.34% |
| Top 3 Sectors | 73.31% |
| Portfolio P/B Ratio | 4.12 |
| Portfolio P/E Ratio | 29.28 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,66,517 | 1,08,590 |
| Giant (%) | 53.54 | 39.18 |
| Large (%) | 30.19 | 26.15 |
| Mid (%) | 16.27 | 26.03 |
| Small (%) | — | 13.23 |
| Tiny (%) | — | 0.68 |
Chanakya’s Mutual Fund Guidance For Mirae Asset Nifty India Manufacturing ETF
WILL POST SOON
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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