October 16, 2025
RA Jainee
Mirae Asset Nifty India Manufacturing ETF FoF details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 19.1050
NAV IDCW: Rs 19.1060
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 provide long-term capital appreciation from a portfolio investing predominantly in units of Mirae Asset Nifty India Manufacturing ETF.
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) | 1,000 |
| Min. SIP Investment (Rs) | 99 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 5 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0.05% for redemption within 15 days |
Basic Details of Mirae Asset Nifty India Manufacturing ETF FoF
| Fund House | Mirae Asset Mutual Fund |
| Launch Date | 31-Jan-22 |
| Return Since Launch | 19.11% |
| Benchmark | Nifty India Manufacturing TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 111 Cr |
| (As on 30-Sep-2025) | |
| Expense | 0.06% |
| (As on 30-Sep-2025) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
| Turnover: | — |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset Nifty Ind Manufacturing ETF FoF Dir | 8.85 | -0.31 | 0.06 | 4.62 | 19.45 | -2.19 | 22.66 | — | — | — |
| BSE India Manufacturing TRI | 8.44 | -0.50 | -0.05 | 3.35 | 13.25 | -1.79 | 19.82 | — | — | — |
| Equity: Thematic-Manufacturing | 4.50 | -0.40 | -0.47 | 2.51 | 18.58 | -1.98 | 23.35 | — | — | — |
| Rank within category | 3 | 4 | 2 | 2 | 6 | 10 | 3 | — | — | — |
| Number of funds in category | 15 | 17 | 17 | 16 | 16 | 14 | 5 | 2 | 2 | 1 |
Peer Comparison of Mirae Asset Nifty India Manufacturing ETF Fund oF Fund
| 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 FoF Dir | Unrated | -2.19 | 22.66 | — | 0.06 | 111 | 19.11 | 0.05 (15) | 3Y 8M | — |
| HDFC Manufacturing Dir | Unrated | -0.13 | — | — | 0.79 | 11,574 | 8.65 | 1.00 (30) | 1Y 4M | 37.09 |
| ICICI Pru Manufacturing Dir | Unrated | -0.08 | 28.18 | 30.65 | 0.75 | 6,608 | 21.16 | 1.00 (365) | 7Y | 47.00 |
| Axis India Manufacturing Dir | Unrated | -2.61 | — | — | 0.52 | 5,301 | 22.55 | 1.00 (360) | 1Y 9M | 50.00 |
| Kotak Manufacture in India Dir | Unrated | 1.77 | 22.45 | — | 0.55 | 2,514 | 21.59 | 0.50 (90) | 3Y 7M | 37.10 |
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 FoF
WILL POST SOON
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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