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 →
₹162.35+0.65%
18 Sept 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 | -0.64% | -0.61% | - | - |
| Avg. of funds with same benchmark | -0.64% | -0.61% | - | - |
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 - 18 Sep, 2026 | 07 Feb, 2025 - 18 Sep, 2026 | - | - |
| Average returns | 22.10% | 21.84% | - | - |
| Standard deviation | 19.66% | 2.34% | - | - |
| 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 | 15.51% 3 years ending on 07 Apr, 2025 | - | - |
| Period with positive return | 91.09% | 100.00% | - | - |
| Period with return > 5% | 80.62% | 100.00% | - | - |
| Period with return > 10% | 68.37% | 100.00% | - | - |
| Period with return > 15% | 54.68% | 100.00% | - | - |
| Beat % Category | 68.82% | 77.19% | - | - |
| Beat % Benchmark | 84.30% | 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.
0%
5%
10%
15%
3.8%
8.7%
-3.6%
YTD
-3.8%
-2.8%
-2.7%
1 M
7.2%
12.4%
4.9%
6 M
4.8%
7.5%
-2.0%
1 Y
17.1%
17.4%
10.1%
3 Y
15.3%
9.8%
5 Y
13.9%
13.0%
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 | 3.78% | -3.79% | 7.18% | 4.84% | 17.09% | - | - | 17.18% |
| Equity: Thematic-Manufacturing | 8.69% | -2.76% | 12.43% | 7.52% | 17.36% | 15.27% | 13.94% | - |
| Nifty India Manufacturing Total Return Index | -3.57% | -2.66% | 4.89% | -2.00% | 10.10% | 9.83% | 12.97% | - |
| Rank in category | 13 | 14 | 15 | 12 | 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 4.84% as of 17 Sep 2026. During the same period, its benchmark Nifty India Manufacturing Total Return Index returned -2.00%. 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 17.09% as of 17 Sep 2026. Its benchmark Nifty India Manufacturing Total Return Index returned 10.10% 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 17.18%. 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 0.82 (as of 17 Sep 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 5.30% (as of 17 Sep 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 1.01 (as of 17 Sep 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 1.01 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 22.10% and 21.84% 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.