Fundalysisby DARKHORSESTOCKS

Scheme

Mirae Asset Nifty India Manufacturing ETF

Holds 77 companies worth ₹252 Cr in Sept 2026.

  • Fund house

    MiraeThe fund house that runs this scheme.

  • AUM

    ₹252 CrMirae Asset Nifty India Manufacturing ETF's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 6.8% on Aug 2026, ₹270 Cr.

  • Largest holding

    Mahindra and Mahindra LimitedMahindra and Mahindra Limited is 5.0% of this scheme's NAV.

  • Fund manager

    Ekta GalaRuns it since 27 Jan 2022, as the fund house dates it. With Vishal Singh (fund manager).

Overview(27 Mar 2026)

Fund managers2

  1. Ekta GalaFund manager · Jan 2022 · 9y · B.Com
  2. Vishal SinghFund manager · Mar 2026 · 9y · B.Com
  1. Akshay UdeshiMar 2025 – Mar 2026
  2. Vishal SinghAug 2023 – Mar 2025

Key facts

Benchmark
Nifty India Manufacturing Index Total Return Index (INR)
Risk
Very High
Expense
Regular 0.42% · Direct 0%
Exit load
Nil
Started
27 Jan 2022
Minimum
On exchange: In multiples of 1 units; Directly with AMC ( in multiples of 50,000 units)

Source.Its Scheme Summary Document as of 27 Mar 2026 at AMFI.

What changed(9 changes)

Mar 2026

3 changes
  1. Vishal Singh joined
    26 Maras fund manager
  2. Akshay Udeshi left
    26 Marran it as fund manager from Mar 2025
  3. Expense ratio
    20 MarRegular 0.54% → 0.42%

Jan 2026

1 change
  1. Expense ratio
    29 JanRegular 0.53% → 0.54%

Jul 2025

1 change
  1. Expense ratio
    17 JulRegular 0.5% → 0.53%

Source.Its filings at NSE, since Sept 2024.

Fund managers over time(Jan 2022 – now)

  1. Ekta Gala
  2. Vishal Singh
  3. Akshay Udeshi
  4. Vishal Singh
MainCoSlice2023202420252026
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 – Mar 2026)

Every change to the expense ratio, newest first.
6 changesRegularDirectΔ pt
20 Mar 20260.42%0.00%0
29 Jan 20260.54%0.00%0
17 Jul 20250.53%0.00%0
24 Jun 20250.50%0.00%0
17 Jan 20250.46%0.00%–
2 Sept 20240.45%––
Direct plan, 20 Mar 2026
0.00%
Regular plan 0.42% · 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(27 Mar 2026)

Objective

The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty India Manufacturing 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
Exchange Traded Fund - An open-ended scheme replicating/ tracking Nifty India Manufacturing ETF
Benchmark
Nifty India Manufacturing Index Total Return Index (INR)

Asset allocation it may hold% of NAV

  1. Securities included in the Nifty India Manufacturing Index
    Allowed95–100%
  2. 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(27 Mar 2026)

Buying

To start
On exchange: In multiples of 1 units; Directly with AMC ( in multiples of 50,000 units)
Most
Any Amount
Systematic
SIP - Monthly / Quarterly SWP - Monthly / Quarterly / Halfyearly / Yearly STP - Daily / Weekly / Fortnightly / Monthly / Quarterly
Dates
SIP - Except 29,30 and 31 all dates SWP - 1, 10, 15, 21 and 28 STP - Daily, Weekly only Wednesday, Fortnightly - alternate Wednesday, Monthly
Minimum
₹1,000, then in multiples of ₹1
Instalments
5

Selling and switching

Scheme details(27 Mar 2026)

What it is

Category
Other ETFs
Offer
10 Jan 2022 to 20 Jan 2022
Started
27 Jan 2022
Reopened
31 Jan 2022
Plans
Regular Plan - Growth
Face value
₹50
Listed
NSE & BSE

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/21/10/0034