February 10, 2026
RA Jainee
Mirae Asset Nifty Metal ETF FoF – Direct | Growth
📌 Fund Snapshot & Key Details
| Particulars | Details |
|---|---|
| Fund House | Mirae Asset Mutual Fund |
| Scheme Type | Open-ended |
| Category | Equity: Thematic – Metals |
| Benchmark | NIFTY Metal TRI |
| NFO Opens | 10 February 2026 |
| NFO Closes | 23 February 2026 |
| Plan / Option | Growth, IDCW |
| Minimum Investment (Rs.) | 5,000 |
| Exit Load | 0.05% for redemption within 15 days |
| Lock-in Period | NA |
| Riskometer | Very High |
| Registrar | KFin Technologies Ltd. |
⚖️ Sahifund NFO Review
PLUS
• Direct exposure to metals and mining sector via ETF structure
• Strong cyclicality benefits during commodity upcycles
• Attractive benchmark valuation compared to other thematic indices (P/E ~20.6)
• High dividend yield potential due to commodity cash flows
• Convenient mutual fund wrapper for investors avoiding ETF trading complexity
MINUS
• Highly cyclical sector — returns linked to global commodity prices
• Beta >1.3 indicates higher volatility than NIFTY 50
• Concentrated portfolio of only 15 stocks
• Performance dependent on global China demand, currency trends and metal cycles
• Double expense layer vs buying ETF directly
Sahifund View
A tactical commodity-cycle play suited for aggressive investors — not ideal for long-term core allocation.
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⏱️ Last Updated: 13 February 2026, 10.00 AM
📊 Sahifund Interpretation of the Benchmark
NIFTY Metal TRI
The NIFTY Metal TRI tracks major metal and mining companies listed on NSE using free-float market capitalisation. The index includes steel, aluminium, copper and mining players, making it highly sensitive to global commodity cycles.
Benchmark Behaviour Snapshot
• Strong recent performance with 1-year return ~41.68%
• High volatility — Std deviation ~22–27%
• Beta ~1.43 shows aggressive price swings vs NIFTY 50
• Moderate valuation compared to other themes (P/E ~20.6, P/B ~3.08)
Sahifund Insight:
The metals index performs best during inflationary and commodity upcycle phases but tends to underperform during economic slowdowns.
🧠 Investment Strategy – Explained Simply
The scheme invests primarily in units of Mirae Asset Nifty Metal ETF, aiming to replicate the NIFTY Metal TRI before expenses.
➡️ In simple words:
You get exposure to India’s metal sector leaders through a mutual fund wrapper holding ETF units.
👤 Sahifund Interpretation of Fund Managers & Their Performance
Akshay Udeshi
Engineering and finance background with ETF execution experience, focusing on passive portfolio tracking.
Ekta Gala
Strong capital markets experience supporting index replication and portfolio operations.
Sahifund Assessment:
Since this is a FoF structure, returns will largely mirror benchmark movement rather than active stock-picking skill.
🎯 Suitable for Which Investors?
Suitable if you:
• Want tactical exposure to metal and commodity cycle
• Already hold diversified equity funds
• Have high risk appetite
• Understand cyclicality and timing risks
Avoid if you:
• Prefer stable long-term compounding strategies
• Are conservative or first-time investors
• Want predictable returns with lower volatility
• Are uncomfortable with global commodity risk
❓ Should You Invest in This NFO?
Yes — but only as a tactical allocation.
This NFO can benefit investors expecting continued strength in global metal prices and infrastructure demand. However, given the cyclical nature of the sector, allocations should remain limited and actively monitored.
Final Word:
Strong returns during commodity booms — but equally sharp corrections during downturns. Position sizing is critical.
⚠️ Disclaimer
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully.