Mirae Asset Nifty India Manufacturing ETF-Growth
Equity: Thematic-Manufacturing - Growth (Open ended)
SEBI Riskometer: Very HighCategory: Equity: Thematic-ManufacturingBenchmark: Nifty India Manufacturing Total Return IndexCheck Portfolio Overlap →
₹153.5-0.42%
14 Oct 2026
Tracking Difference
Annualised return gap between Mirae Asset Nifty India Manufacturing ETF-Growth and its benchmark index over 1Y, 3Y, 5Y and 10Y periods, compared to the average of all funds tracking the same benchmark.
| Name | 1 Y | 3 Y | 5 Y | 10 Y |
|---|---|---|---|---|
| Fund | -0.54% | -0.58% | - | - |
| Avg. of funds with same benchmark | -0.54% | -0.58% | - | - |
Rolling Returns Analysis
Rolling annualized returns of Mirae Asset Nifty India Manufacturing ETF-Growth across 1Y, 3Y and 5Y windows — average, best, worst returns and percentage of positive return periods.
| Metric | 1 Yr Rolling Returns | 3 Yr Rolling Returns | 5 Yr Rolling Returns | 7 Yr Rolling Returns |
|---|---|---|---|---|
| Analysis period | 01 Feb, 2023 - 14 Oct, 2026 | 07 Feb, 2025 - 14 Oct, 2026 | - | - |
| Average returns | 21.75% | 21.61% | - | - |
| Standard deviation | 19.64% | 2.55% | - | - |
| Best returns | 66.28% 1 year ending on 18 Jun, 2024 | 28.20% 3 years ending on 02 Jul, 2025 | - | - |
| Worst returns | -7.51% 1 year ending on 01 Aug, 2025 | 15.23% 3 years ending on 08 Oct, 2026 | - | - |
| Period with positive return | 91.26% | 100.00% | - | - |
| Period with return > 5% | 79.45% | 100.00% | - | - |
| Period with return > 10% | 67.10% | 100.00% | - | - |
| Period with return > 15% | 53.66% | 100.00% | - | - |
| Beat % Category | 67.65% | 74.28% | - | - |
| Beat % Benchmark | 84.59% | 100.00% | - | - |
Trailing Returns
Point-to-point returns of Mirae Asset Nifty India Manufacturing ETF-Growth vs category average for YTD, 1M, 6M, 1Y, 3Y, 5Y and 10Y periods — with category rank and total funds count.
-5%
0%
5%
10%
15%
-1.7%
4.2%
-6.9%
YTD
-5.5%
-4.4%
-1.9%
1 M
0.7%
6.0%
0.0%
6 M
1.5%
5.8%
-4.1%
1 Y
15.6%
16.5%
9.3%
3 Y
13.1%
8.0%
5 Y
13.1%
12.7%
10 Y
Fund
Equity: Thematic-Manufacturing
Nifty India Manufacturing Total Return Index
| Name | YTD | 1 M | 6 M | 1 Y | 3 Y | 5 Y | 10 Y | Since Inception |
|---|---|---|---|---|---|---|---|---|
| Fund | -1.73% | -5.54% | 0.65% | 1.52% | 15.64% | - | - | 15.55% |
| Equity: Thematic-Manufacturing | 4.16% | -4.43% | 6.03% | 5.84% | 16.50% | 13.13% | 13.06% | - |
| Nifty India Manufacturing Total Return Index | -6.94% | -1.94% | 0.01% | -4.06% | 9.26% | 8.00% | 12.68% | - |
| Rank in category | 14 | 15 | 15 | 13 | 4 | - | - | - |
| Funds in category | 20 | 20 | 20 | 20 | 7 | 2 | 1 | - |
Period Returns
Calendar-year, quarterly and monthly return history of Mirae Asset Nifty India Manufacturing ETF-Growth. Toggle between bar chart and table view to analyse periodic performance trends.
Historical Performance
Track NAV movement and cumulative returns of Mirae Asset Nifty India Manufacturing ETF-Growth across 1M, 6M, 1Y, 3Y, 5Y and since-inception periods. Compare SIP and lumpsum growth over time.
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Frequently Asked Questions
What are the 1-year returns of Mirae Asset Nifty India Manufacturing ETF-Growth?
Mirae Asset Nifty India Manufacturing ETF-Growth has delivered a 1-year return of 1.52% as of 14 Oct 2026. During the same period, its benchmark Nifty India Manufacturing Total Return Index returned -4.06%. The fund has outperformed its benchmark over this period.
What are the 3-year returns of Mirae Asset Nifty India Manufacturing ETF-Growth?
Mirae Asset Nifty India Manufacturing ETF-Growth has delivered a 3-year CAGR of 15.64% as of 14 Oct 2026. Its benchmark Nifty India Manufacturing Total Return Index returned 9.26% CAGR over the same period. CAGR (Compounded Annual Growth Rate) is the right way to evaluate multi-year ETF performance as it smooths out year-to-year volatility.
What are the 5-year returns of Mirae Asset Nifty India Manufacturing ETF-Growth?
The 5-year CAGR for Mirae Asset Nifty India Manufacturing ETF-Growth is shown in the Trailing Returns section above.
What are the returns of Mirae Asset Nifty India Manufacturing ETF-Growth since inception?
Since its launch on 30 Jan 2022, Mirae Asset Nifty India Manufacturing ETF-Growth has delivered a CAGR of 15.55%. Since-inception returns reflect the fund's full history and give the most complete picture of long-term performance.
How has Mirae Asset Nifty India Manufacturing ETF-Growth performed vs its category over the long term?
Over the long term, Mirae Asset Nifty India Manufacturing ETF-Growth has ranked 4 out of 7 funds in the Equity: Thematic-Manufacturing category on a 3-year basis, and - on a 5-year basis. Category rank is one of several factors to consider alongside risk metrics and rolling return consistency when evaluating a fund.
What is the Sharpe ratio of Mirae Asset Nifty India Manufacturing ETF-Growth?
The Sharpe ratio of Mirae Asset Nifty India Manufacturing ETF-Growth is 0.65 (as of 14 Oct 2026). The Sharpe ratio measures how much return the fund generates per unit of risk (volatility) taken. A Sharpe ratio above 1.0 is generally considered good — the higher the ratio, the better the risk-adjusted return.
What is the alpha of Mirae Asset Nifty India Manufacturing ETF-Growth?
The 3Y alpha of Mirae Asset Nifty India Manufacturing ETF-Growth is 5.86% (as of 14 Oct 2026). Alpha measures the excess return generated by the fund over and above its benchmark Nifty India Manufacturing Total Return Index, after adjusting for risk. A positive alpha means the fund manager has added value beyond what the market delivered. A negative alpha means the fund has underperformed its benchmark on a risk-adjusted basis.
What is the beta of Mirae Asset Nifty India Manufacturing ETF-Growth?
The beta of Mirae Asset Nifty India Manufacturing ETF-Growth is 1.05 (as of 14 Oct 2026). Beta measures how sensitive the fund is to market movements relative to its benchmark Nifty India Manufacturing Total Return Index. A beta of 1 means the fund moves in line with the market. A beta above 1 means it is more volatile than the market; below 1 means it is less volatile. Mirae Asset Nifty India Manufacturing ETF-Growth's beta of 1.05 indicates it is more aggressive than its benchmark.
What are the rolling returns of Mirae Asset Nifty India Manufacturing ETF-Growth?
The average 1-year and 3-year rolling returns of Mirae Asset Nifty India Manufacturing ETF-Growth is 21.75% and 21.61% respectively. Rolling returns show the fund's annualized return across every possible 1-year and 3-year investment window, making them a far more reliable measure of consistency than point-to-point returns, which depend heavily on the start and end date chosen.