Fundalysisby DARKHORSESTOCKS

Scheme

Mirae Asset Nifty Metal ETF

Holds 15 companies worth ₹537 Cr in Sept 2026.

  • Fund house

    MiraeThe fund house that runs this scheme.

  • AUM

    ₹537 CrMirae Asset Nifty Metal ETF's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 1.0% on Aug 2026, ₹542 Cr.

  • Largest holding

    Tata Steel LimitedTata Steel Limited is 17.3% of this scheme's NAV.

  • Fund manager

    Ekta GalaRuns it since 3 Oct 2024, as the fund house dates it. With Akshay Udeshi (fund manager).

Overview(29 Jul 2026)

Fund managers2

  1. Ekta GalaFund manager · Oct 2024 · 9y · B.Com
  2. Akshay UdeshiFund manager · Oct 2024 · 7y · MBA B.E.

    Key facts

    Benchmark
    Nifty Metal Total Return Index
    Risk
    Very High
    Expense
    Regular 0.44% · Direct 0%
    Exit load
    Nil
    Started
    3 Oct 2024
    Minimum
    On exchange in multiple of 1 unit. With AMC: In multiples of 3,00,000 units

    Source.Its Scheme Summary Document as of 29 Jul 2026 at AMFI.

    What changed(10 changes)

    Jul 2026

    1 change
    1. Expense ratio
      29 JulRegular 0.4% → 0.44%

    Mar 2026

    1 change
    1. Expense ratio
      20 MarRegular 0.38% → 0.4%

    Feb 2026

    1 change
    1. Expense ratio
      23 FebRegular 0.32% → 0.38%

    Source.Its filings at NSE, since Nov 2024.

    Fund managers over time(Oct 2024 – now)

    1. Ekta Gala
    2. Akshay Udeshi
    MainCoSlice20252026
    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(Nov 2024 – Jul 2026)

    Every change to the expense ratio, newest first.
    11 changesRegularDirectΔ pt
    29 Jul 20260.44%0.00%0
    20 Mar 20260.40%0.00%0
    23 Feb 20260.38%0.00%0
    29 Jan 20260.32%0.00%0
    30 Nov 20250.30%0.00%0
    22 Sept 20250.29%0.00%0
    17 Jul 20250.28%0.00%0
    21 Apr 20250.29%0.00%0
    17 Jan 20250.28%0.00%0
    19 Nov 20240.27%0.00%–
    13 Nov 20240.26%––
    Direct plan, 29 Jul 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(29 Jul 2026)

    Objective

    The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty Metal Total Return Index, subject to tracking error. The Scheme does not guarantee or assure any returns. There is no assurance that the investment objective of the scheme will be achieved

    Risk, type and benchmark

    Riskometer
    Very High
    At launch
    Very High
    Type
    An open-ended scheme replicating/tracking Nifty Metal Total Return Index
    Benchmark
    Nifty Metal Total Return Index

    Asset allocation it may hold% of NAV

    1. Securities included in the Nifty Metal Index
      Allowed95–100%
    2. Money market instruments including Tri Party REPO/ 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(29 Jul 2026)

    Buying

    To start
    On exchange in multiple of 1 unit. With AMC: In multiples of 3,00,000 units
    Most
    Any Amount

    Selling and switching

    Scheme details(29 Jul 2026)

    What it is

    Category
    Other ETFs
    Offer
    20 Sept 2024 to 30 Sept 2024
    Started
    3 Oct 2024
    Reopened
    4 Oct 2024
    Plans
    Regular Plan - Growth
    Face value
    ₹1,000
    Listed
    NSE & BSE

    How it is run

    Side-pocketing
    .
    Custodian
    SBI – SG Securities Pvt. Ltd., Mumbai
    Auditor
    M/s. Chokshi & Chokshi
    Registrar
    KFIN Technologies Limited
    SEBI code
    MIRA/O/O/OET/24/08/0068