Fundalysisby DARKHORSESTOCKS

Scheme

Mirae Asset Nifty 100 Low Volatility 30 ETF

Holds 30 companies worth ₹40.6 Cr in Sept 2026.

  • Fund house

    MiraeThe fund house that runs this scheme.

  • AUM

    ₹40.7 CrMirae Asset Nifty 100 Low Volatility 30 ETF's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 7.1% on Aug 2026, ₹43.8 Cr.

  • Largest holding

    ICICI BankICICI Bank is 3.8% of this scheme's NAV.

  • Fund manager

    Akshay UdeshiRuns it since 12 Mar 2025, as the fund house dates it. With Sudip Shere (fund manager).

Overview(4 Oct 2026)

Fund managers2

  1. Akshay UdeshiFund manager · Mar 2025 · 7y · MBA B.E.
  2. Sudip ShereFund manager · Oct 2026 · 9y · PGDM
  1. Ekta GalaMar 2023 – Oct 2026
  2. Vishal SinghAug 2023 – Mar 2025

Key facts

Benchmark
Nifty 100 Low Volatility 30 TRI (Total Return Index)
Risk
Very high
Expense
Regular 0.44% · Direct 0%
Exit load
Nil
Started
24 Mar 2023
Minimum
On exchange in multiple of 1 unit. With AMC: In multiples of 30,000 units

Source.Its Scheme Summary Document as of 4 Oct 2026 at AMFI.

What changed(13 changes)

Oct 2026

3 changes
  1. Sudip Shere joined
    9 Octas fund manager
  2. Ekta Gala left
    9 Octran it as fund manager from Mar 2023
  3. Expense ratio
    4 OctRegular 0.34% → 0.44%

Jan 2026

1 change
  1. Expense ratio
    29 JanRegular 0.33% → 0.34%

Nov 2025

1 change
  1. Expense ratio
    30 NovRegular 0.34% → 0.33%

Source.Its filings at NSE, since Sept 2024.

Fund managers over time(Mar 2023 – now)

  1. Akshay Udeshi
  2. Sudip Shere
  3. Ekta Gala
  4. Vishal Singh
MainCoSlice202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Sept 2024 – Oct 2026)

Every change to the expense ratio, newest first.
10 changesRegularDirectΔ pt
4 Oct 20260.44%0.00%0
29 Jan 20260.34%0.00%0
30 Nov 20250.33%0.00%0
22 Sept 20250.34%0.00%0
24 Jun 20250.33%0.00%0
27 Feb 20250.34%0.00%0
17 Jan 20250.33%0.00%0
19 Nov 20240.24%0.00%0
17 Oct 20240.20%0.00%–
2 Sept 20240.09%––
Direct plan, 4 Oct 2026
0.00%
Regular plan 0.44% · Exit load nil
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(4 Oct 2026)

Objective

The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty 100 Low Volatility 30 Total Return Index, subject to tracking error. The Scheme does not guarantee or assure any returns.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An open-ended scheme replicating/tracking Nifty 100 Low Volatility 30 Total Return Index
Benchmark
Nifty 100 Low Volatility 30 TRI (Total Return Index)

Asset allocation it may hold% of NAV

  1. Securities included in the Nifty 100 Low Volatility 30 Index
    Allowed95–100%
  2. Money market instruments / debt securities, Instruments and/or units of debt/liquid schemes of domestic Mutual Funds
    Allowed0–5%Holds0.0%

Holds in Sept 2026.100.0% equity

How to invest(4 Oct 2026)

Buying

To start
On exchange in multiple of 1 unit. With AMC: In multiples of 30,000 units
Most
Any Amount

Selling and switching

Scheme details(4 Oct 2026)

What it is

Category
OTHER ETFS
Offer
13 Mar 2023 to 21 Mar 2023
Started
24 Mar 2023
Reopened
27 Mar 2023
Plans
Regular plan- growth
Face value
₹100
Listed
BSE/NSE

How it is run

Swing pricing
No
Side-pocketing
Enabled.
Custodian
SBI – SG Securities Pvt. Ltd., Mumbai
Auditor
M/s.Chokshi & Chokshi, Chartered Accountants
Registrar
KFIN Technologies Limited
SEBI code
MIRA/O/O/EET/22/11/0047