Question 1

Which ETFs are similar to Mirae Asset Nifty India Manufacturing ETF-Growth?

Accepted Answer

ETFs similar to Mirae Asset Nifty India Manufacturing ETF-Growth in the Equity: Thematic-Manufacturing category include Nippon India Nifty India Manufacturing ETF-Growth and Motilal Oswal Nifty India Manufacturing ETF-Growth. These ETFs follow a comparable investment mandate and are benchmarked against similar indices. You can compare them in detail — across returns, risk metrics, expense ratio, and portfolio composition — using the ETF comparison tool on sharpely.

Question 2

What is the rank of Mirae Asset Nifty India Manufacturing ETF-Growth in its category?

Accepted Answer

On a 3-year return basis Mirae Asset Nifty India Manufacturing ETF-Growth is ranked 4 out of 7 ETFs in the Equity: Thematic-Manufacturing category as of 17 Sep 2026. Consistently ranking in the top across multiple time periods is a stronger signal of ETF quality than a single-period rank.

Question 3

How does Mirae Asset Nifty India Manufacturing ETF-Growth's expense ratio compare to similar ETFs?

Accepted Answer

Mirae Asset Nifty India Manufacturing ETF-Growth has an expense ratio of 0.51%. The peers Nippon India Nifty India Manufacturing ETF-Growth has an expense ratio of 0.28% and Motilal Oswal Nifty India Manufacturing ETF-Growth has 0.65%. Over the long term, a higher expense ratio can meaningfully drag on returns, so it is worth evaluating whether the ETF's performance justifies the additional cost.

Question 4

How does Mirae Asset Nifty India Manufacturing ETF-Growth's AUM compare to similar ETFs?

Accepted Answer

Mirae Asset Nifty India Manufacturing ETF-Growth has an AUM of ₹270.05 crore. The peers Nippon India Nifty India Manufacturing ETF-Growth has an AUM of ₹11.72 crore and Motilal Oswal Nifty India Manufacturing ETF-Growth has ₹1.66 crore. A large AUM can sometimes limit a ETF's ability to take meaningful positions in mid and small-cap stocks, as larger trades can move prices. This is particularly relevant for ETFs that invest outside large caps.

Question 5

Which ETF has the best 3-year returns tracking Nifty India Manufacturing Total Return Index?

Accepted Answer

The top performing ETF in the Equity: Thematic-Manufacturing category is shown in the peer comparison table above.

Question 6

How does Mirae Asset Nifty India Manufacturing ETF-Growth rank in risk-adjusted returns vs peers?

Accepted Answer

The Sharpe ratio of Mirae Asset Nifty India Manufacturing ETF-Growth is 0.82 (as of 17 Sep 2026). A full category-wide Sharpe ratio comparison isn't available for all peers, but you can compare risk-adjusted return metrics for individual funds in the peer table above.

Period	This Fund	Category Avg	Category Rank
1Y Return	+4.84%	7.52%	12 / 20
3Y Return	+17.09%	17.36%	4 / 7
5Y Return	—	15.27%	—
10Y Return	—	13.94%	—

Mirae Asset Nifty India Manufacturing ETF-Growth

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Frequently Asked Questions

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ETFs Tracking Nifty India Manufacturing Total Return Index

Frequently Asked Questions