
220
0.53%
0.05%
—
Moderate Risk
0.15
—
140.22
163.79
0.960
—
Bullish
51.82
156.31
153.19
| Company | Weightage (%) |
| Mahindra & Mahindra Ltd. | 5.06% |
| Reliance Industries Ltd. | 4.98% |
| Maruti Suzuki India Ltd. | 4.97% |
| Sun Pharmaceutical Industries Ltd. | 4.83% |
| Tata Steel Ltd. | 3.95% |
| Bharat Electronics Ltd. | 3.64% |
| Hindalco Industries Ltd. | 3.40% |
| JSW Steel Ltd. | 2.90% |
| Bajaj Auto Ltd. | 2.75% |
| Vedanta Ltd. | 2.72% |
Allocation
The current market price of Mirae Asset Nifty India Manufacturing ETF is ₹160.37. ETF prices fluctuate during market hours based on demand, supply, and movements in the underlying index or assets.
Scheme Mirae Asset Nifty India Manufacturing ETF by Mirae Asset Investment Managers (India) Private Limited is an Equity, Passive open-ended fund replicating/tracking the Nifty India Manufacturing Total Return Index as objective. Adopting a passive replication approach to track the Nifty India Manufacturing Index (TRI), the fund targets close benchmark alignment with a reported tracking error of 0.1% reflecting tight replication discipline and low implementation drift. Portfolio is heavily equity-oriented, with equities representing 100.0% and top ten holdings aggregating 39.2%, led by Mahindra & Mahindra 5.1%, Reliance Industries 5.0% and Maruti Suzuki India 5.0%, evidencing automobile and pharmaceutical sector skew. Performance shows 1Y: +14.0% and 3Y CAGR: +23.6%, highlighting strong recent multi-year returns for the manufacturing-focused index exposure and a concentrated return profile driven by key sector leaders over three years. Risk mixes market beta from concentrated manufacturing exposure, low tracking error and a 0.5% expense ratio; assets ₹220.2 Cr as on Dec 2025, managed by Ekta Gala (Jan 2022) and Akshay Udeshi (Mar 2025).
Mirae Asset Nifty India Manufacturing ETF is designed to track Nifty India Manufacturing Index (TRI), allowing investors to gain exposure to its underlying securities through a single investment.
The expense ratio of Mirae Asset Nifty India Manufacturing ETF is 0.53%. This represents the annual fee charged by the fund house for managing the ETF and is deducted from the fund’s assets.
The Assets Under Management (AUM) of Mirae Asset Nifty India Manufacturing ETF is approximately ₹220.24. AUM reflects the total market value of assets managed by the ETF and is often used as an indicator of fund size and liquidity.
Mirae Asset Nifty India Manufacturing ETF is classified under the as per the risk-o-meter defined by the fund house risk category. The risk level depends on the volatility of the underlying index, market conditions, and asset composition of the ETF.
The tracking error of Mirae Asset Nifty India Manufacturing ETF is 0.05%. Tracking error measures how closely the ETF’s performance matches its benchmark index over time.
Mirae Asset Nifty India Manufacturing ETF does not currently declare dividends and may reinvest earnings into the fund. Dividend treatment depends on the ETF structure and fund house policy.
Based on available data, Mirae Asset Nifty India Manufacturing ETF has delivered the following returns: 1-year return: 12.75%. 3-year return: 86.50%. 5-year return: 98.97%. Past performance does not guarantee future results.
Before investing in Mirae Asset Nifty India Manufacturing ETF, investors generally consider the underlying index, expense ratio, tracking error, risk profile, liquidity, and how the ETF fits within their overall portfolio strategy.
Bearish
1
Neutral
7
Bullish
6
Bearish
2
Neutral
7
Bullish
37
Bearish
1
Neutral
0
Bullish
31
549.20
▲ 1.00%
13.35
▲ 0.45%
29.61
▲ 0.71%
153.08
▼ 0.26%
196.38
▲ 1.96%
25.70
▲ 0.31%
82.78
▲ 1.41%
160.37
▲ 0.07%
44.92
▼ 0.66%
26.47
▲ 1.22%
40.35
▼ 0.27%
1086.65
▲ 0.04%
36.07
▼ 0.25%
12.17
▼ 0.08%
326.60
▲ 0.18%
22.99
▲ 0.13%
1000.00
▲ 0.00%
30.52
▼ 0.29%
40.53
▲ 0.40%
13.34
▼ 0.22%
201.12
▲ 0.22%
257.16
▲ 0.63%
16.80
▼ 0.24%
256.79
▲ 0.08%
50.65
▼ 0.22%
10.95
▲ 0.18%
77.52
▲ 0.60%
16.09
▲ 0.25%
43.11
▼ 0.19%
80.88
▼ 0.02%
24.21
▲ 0.58%
719.56
▲ 0.46%
8.52
▲ 0.12%
30.20
▲ 0.53%
-private-limited/mirae.avif)
AUM
₹ 220 Cr
Expense Ratio
0.53%
Performance
STEADY PERFORMER
Technicals
Bullish
Risk
—
Liquidity
POOR
Consistency
GOOD