How to Invest in Mirae Asset Nifty India Manufacturing ETF FoF Direct Growth?

You can easily invest in Mirae Asset Nifty India Manufacturing ETF FoF Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for Mirae Asset Nifty India Manufacturing ETF FoF Direct Growth from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in Mirae Asset Nifty India Manufacturing ETF FoF Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Mirae Asset Nifty India Manufacturing ETF FoF Direct Growth provide?

The Mirae Asset Nifty India Manufacturing ETF FoF Direct Growth has been there from 31 Jan 2022 and the average annual returns provided by this fund is 13.05% since its inception.

How much expense ratio is charged by Mirae Asset Nifty India Manufacturing ETF FoF Direct Growth?

The term Expense Ratio used for Mirae Asset Nifty India Manufacturing ETF FoF Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Mirae Asset Nifty India Manufacturing ETF FoF Direct Growth is 0.07% as of 23 Jan 2026...

What is the PE and PB ratio of Mirae Asset Nifty India Manufacturing ETF FoF Direct Growth?

The PE ratio ratio of Mirae Asset Nifty India Manufacturing ETF FoF Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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Mirae Asset Nifty India Manufacturing ETF FoF Direct Growth

Name: Mirae Asset Nifty India Manufacturing ETF FoF Direct Growth
Brand: Mirae Asset Mutual Fund

Equity

Thematic

Very High Risk

+21.50%

3Y annualised

+1.42% 1D

All

NAV: 22 Jan '26

₹19.01

Min. SIP amount

₹99

Fund size

₹114.94 Cr

Expense ratio

0.07%

Return calculator

Monthly SIP

One time

Monthly investment

₹5,000

Over the past	Total investment	Would've become	Historic returns	Returns
1 year	₹60,000	₹62,447		+4.08%
3 years	₹1,80,000	₹2,22,534		+23.63%

Holdings (1)

Name	Sector	Instruments	Assets
Mirae Asset Nifty India Manufacturing ETF - Growth	NA	Mutual Fund	100.09%

Minimum investments

Min. for 1st investment

₹5,000

Min. for 2nd investment

₹1,000

Min. for SIP

₹99

Returns and rankings

Annualised returns

Absolute returns

Name	6M	1Y	3Y	All
Fund returns	+4.2%	+13.1%	+21.5%	+17.5%
Category average (Equity Thematic)	+1.5%	+3.0%	+21.9%	--
Rank (Equity Thematic)	--	2	4	--

Exit load, stamp duty and tax

Exit load

Exit load of 0.05%, if redeemed within 15 Days.

Stamp duty on investment: 0.005% (from July 1st, 2020)

from July 1st 2020

Tax implication

If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.

Check past data

Fund management

EG
Ekta Gala
Jan 2022 - Present
View details

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.

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AU
Akshay Udeshi
Mar 2025 - Present
View details

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

Also manages these schemes

Mirae Asset S&P 500 Top 50 ETF FoF Direct Growth

Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF FoF Direct Growth

Mirae Asset BSE Select IPO ETF FoF Direct Growth

Mirae Asset Hang Seng TECH ETF FoF Direct Growth

Mirae Asset Nifty 100 ESG Sector Leaders FoF Direct Growth

Mirae Asset Nifty India New Age Consumption ETF FoF Direct Growth

Mirae Asset NYSE FANG+ ETF FoF Direct Growth

Mirae Asset Nifty India Manufacturing ETF FoF Direct Growth

Mirae Asset Nifty 200 Alpha 30 ETF FoF Direct Growth

Mirae Asset Gold ETF FoF Direct Growth

Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct Growth

About Mirae Asset Nifty India Manufacturing ETF FoF Direct Growth

Mirae Asset Nifty India Manufacturing ETF FoF Direct Growth is a Equity Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made available to investors on 30 Nov 2007. Ekta Gala is the Current Fund Manager of Mirae Asset Nifty India Manufacturing ETF FoF Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹2,28,206 Cr and the Latest NAV as of 22 Jan 2026 is ₹19.01. The Mirae Asset Nifty India Manufacturing ETF FoF Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹99. Minimum Lumpsum Investment is ₹5,000. Exit load of 0.05%, if redeemed within 15 Days. ;

Investment Objective

The scheme seeks to provide long-term capital appreciation from a portfolio investing predominantly in units of Mirae Asset Nifty India Manufacturing ETF.

Fund benchmarkNifty India Manufacturing Total Return Index

Scheme Information Document(SID)