Fundalysisby DARKHORSESTOCKS

Scheme

Mirae Asset Nifty Total Market Index Fund

Holds 755 companies worth ₹48.7 Cr in Sept 2026.

  • Fund house

    MiraeThe fund house that runs this scheme.

  • AUM

    ₹48.8 CrMirae Asset Nifty Total Market Index Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 5.3% on Aug 2026, ₹51.6 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 5.4% of this scheme's NAV.

  • Fund manager

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

Overview(4 Oct 2026)

Fund managers2

  1. Ritesh PatelFund manager · Mar 2025 · 14y
  2. Sudip ShereFund manager · Oct 2026 · 9y · PGDM
  1. Ekta GalaOct 2024 – Oct 2026
  2. Vishal SinghOct 2024 – Mar 2025

Key facts

Benchmark
Nifty Total Market Total Return Index.
Risk
Very High
Expense
Regular 0.99% · Direct 0.35%
Exit load
Nil
Started
28 Oct 2024
Minimum
₹5,000

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

What changed(15 changes)

Oct 2026

3 changes
  1. Sudip Shere joined
    9 Octas fund manager
  2. Ekta Gala left
    9 Octran it as fund manager from Oct 2024
  3. Expense ratio
    4 OctRegular 0.97% → 0.99%Direct 0.31% → 0.35%

May 2026

1 change
  1. Expense ratio
    12 MayDirect 0.3% → 0.31%

Mar 2026

1 change
  1. Expense ratio
    20 MarRegular 0.93% → 0.97%

Source.Its filings at NSE, since Nov 2024.

Fund managers over time(Oct 2024 – now)

  1. Ritesh Patel
  2. Sudip Shere
  3. Ekta Gala
  4. Vishal Singh
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 – Oct 2026)

Every change to the expense ratio, newest first.
12 changesRegularDirectΔ pt
4 Oct 20260.99%0.35%0.04
12 May 20260.97%0.31%0.01
20 Mar 20260.97%0.30%0
23 Feb 20260.93%0.30%0.02
29 Jan 20260.93%0.28%0.02
30 Nov 20250.93%0.26%0.03
22 Sept 20250.91%0.23%0.01
24 Jun 20250.91%0.22%0.02
21 Apr 20250.91%0.20%0.06
27 Feb 20250.90%0.14%0.04
17 Jan 20250.91%0.18%0.04
13 Nov 20240.92%0.22%–
Direct plan, 4 Oct 2026
0.35%
Regular plan 0.99% · 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 Nifty Total Market Total Return Index, subject to tracking error. There is no assurance or guarantee that the investment objective of the scheme would be achieved.

Risk, type and benchmark

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

Asset allocation it may hold% of NAV

  1. Equity Securities covered by Nifty Total Market Total Return Index
    Allowed95–100%Holds100.0%
  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
₹5,000, then in multiples of ₹1
To add
₹1,000, then in multiples of ₹1
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
₹99, then in multiples of ₹1
Instalments
5

Selling and switching

To redeem
₹1 or Any Units units
Switch minimum
₹5,000
Switch multiples
₹1
Switch most
Any Amount or Any Units units

Scheme details(4 Oct 2026)

What it is

Category
Index Funds
Offer
8 Oct 2024 to 22 Oct 2024
Started
28 Oct 2024
Reopened
29 Oct 2024
Plans
Direct Plan Growth · Direct Plan IDCW - Payout · Direct PlanIDCW - Reinvestment · Regular PlanIDCW - Payout · Regular PlanIDCW - Reinvestment · Regular Plan Growth
Face value
₹10
Listed
No

How it is run

Swing pricing
Yes
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/OIN/24/05/0071