FoFFoF DomesticRegularGrowthVery High

Mirae Asset Diversified Equity Allocator Passive FOF

Q: What is the NAV of Mirae Asset Diversified Equity Allocator Passive FOF?

As of 05 Oct 2026, the NAV of Mirae Asset Diversified Equity Allocator Passive FOF is ₹23.64 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Mirae Asset Diversified Equity Allocator Passive FOF delivered?

Mirae Asset Diversified Equity Allocator Passive FOF has returned -4.86% over 1 year, +8.64% per year over 3 years, +7.86% per year over 5 years and +15.53% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Mirae Asset Diversified Equity Allocator Passive FOF?

Mirae Asset Diversified Equity Allocator Passive FOF charges an expense ratio of 0.10% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Mirae Asset Diversified Equity Allocator Passive FOF?

Mirae Asset Diversified Equity Allocator Passive FOF's largest holdings are Mirae Asset Nifty 50 ETF (65.1%), Mirae Asset Nifty Midcap 150 ETF (20.0%) and Mirae Asset Nifty Next 50 ETF (14.9%). Holdings are disclosed monthly and change over time.

Q: How risky is Mirae Asset Diversified Equity Allocator Passive FOF?

Mirae Asset Diversified Equity Allocator Passive FOF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 13.9% and its worst peak-to-trough fall in our sample was -18.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.15 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Mirae Asset Diversified Equity Allocator Passive FOF's 0.15 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Mirae Asset Diversified Equity Allocator Passive FOF?

Mirae Asset Diversified Equity Allocator Passive FOF is benchmarked against the Nifty 200 Index (TRI). Its alpha and beta on this page are measured against that index.

Q: Who manages Mirae Asset Diversified Equity Allocator Passive FOF?

Mirae Asset Diversified Equity Allocator Passive FOF is managed by Siddharth Srivastava at Mirae Asset.

Q: How is Mirae Asset Diversified Equity Allocator Passive FOF taxed?

Mirae Asset Diversified Equity Allocator Passive FOF is a non-equity fund (a fund-of-funds, gold, international or balanced-hybrid scheme). Since FY 2025-26 it's no longer taxed like a pure-debt fund: gains on units held more than 2 years are long-term, taxed at 12.5% (no indexation, no ₹1.25 lakh exemption); units held 2 years or less are taxed at your income-tax slab rate.

Mirae Asset Mutual Fund · Best Domestic Fund of Funds

NAV

₹23.64

+0.35% 1D

as of 05 Oct 2026

This is the Regular plan of Mirae Asset Diversified Equity Allocator Passive FOF — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

-5.53%absolute

52-week rangePrev NAV ₹23.56

Latest ₹23.64

Low ₹22.3534th percentile of its 52-week rangeHigh ₹26.19

Scorecard

★★★☆☆3/5 vs 75 of 152 FoF Domestic peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within FoF Domestic (same plan and option). 75 of the 152 FoF Domestic funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceBelow avg

3Y CAGR +8.64% · ranks 51 of 75 FoF Domestic funds

RiskLow

Volatility 13.9% vs 17.4% category avg

CostLow

0.1% expense vs 0.7% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Less volatile than its FoF Domestic peers (13.9% vs 17.4%)
Low expense ratio (0.10%) vs the FoF Domestic average of 0.69%
Consistent — positive in 100% of rolling 3-year windows

Concerns

Trails the FoF Domestic average on 1M/3M/6M/1Y — 1Y by 16.40pp
3-year return (+8.64%) trails the FoF Domestic average (+19.40%)
5-year return (+7.86%) trails the FoF Domestic average (+12.67%)
Ranks #104 of 115 on 1-year return in its FoF Domestic cohort
Weaker risk-adjusted returns — Sharpe 0.15 below the FoF Domestic average of 0.66

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.10%

Category 0.69%▼0.59%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

0.15

Category 0.66▼0.51

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

if redeemed or switched out within 5 calendar days from the date of allotment: 0.05% if redeemed or switched out after 5 days from date of allotment: Nil

0.05%

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

Nifty 200 Index (TRI)

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

22 Sep 2020

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-5.86%

Absolute return over the last 3 months (not annualized)

-6.03%

Absolute return over the last 6 months (not annualized)

+3.84%

Absolute return since 1 Jan of this year (not annualized)

-8.77%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-4.86%

3-year annualized return (CAGR)

+8.64%

5-year annualized return (CAGR)

+7.86%

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+15.53%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

13.92%

Excess return per unit of total volatility (rf = 6.5%)

0.15

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.21

Largest peak-to-trough decline over full history

-18.21%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

-0.96%

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

0.97

How much of the fund's movement Nifty 500 TRI explains

99.4%

Excess return per unit of beta (market risk)

2.17

Active return over the benchmark per unit of tracking error

-0.85

Annualized std dev of fund-minus-benchmark returns

1.30%

Fund's share of benchmark gains in up months (100 = matches index)

95.6%

Fund's share of benchmark losses in down months (lower is better)

99.4%

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (FoF Domestic)

Period	Fund	Category avg.	Diff
1M abs	-5.86%	-3.39%	-2.47%
3M abs	-6.03%	-1.42%	-4.61%
6M abs	+3.84%	+4.75%	-0.91%
1Y CAGR	-4.86%	+11.54%	-16.40%
3Y CAGR	+8.64%	+19.40%	-10.76%
5Y CAGR	+7.86%	+12.67%	-4.81%

Category average across peers in FoF Domestic (151 of 152 carry a figure for at least one period), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 152 peers in FoF Domestic

1Y return

-4.86%

Beats 9.6% · rank #104

3Y return

+8.64%

Beats 32.4% · rank #51

5Y return

+7.86%

Beats 28.8% · rank #38

Sharpe

0.15

Beats 17.6% · rank #62

Sortino

0.21

Beats 17.6% · rank #62

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.08L

Absolute

+18.07%

XIRR

+6.79%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Mirae Asset Diversified Equity Allocator Passive FOF, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 500 TRI	Diff
2026part	-8.77%	-7.18%	-1.59%
2025	+8.53%	+7.94%	+0.59%
2024	+14.84%	+16.43%	-1.59%
2023	+25.56%	+27.43%	-1.87%
2022	+4.37%	+4.34%	+0.03%
2021	+28.53%	+31.59%	-3.06%
2020part	+24.76%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

1,487

Expense ratio

0.10%

AUM

₹981.97Cr

Portfolio turnover

14%

Exit load

if redeemed or switched out within 5 calendar days from the date of allotment: 0.05% if redeemed or switched out after 5 days from date of allotment: Nil

Taxation

Taxed as non-equity

This is a non-equity fund — a fund-of-funds, gold/silver, international or balanced-hybrid scheme. It isn't equity-oriented, but since FY 2025-26 it's no longer taxed like a pure-debt fund either: gains held over 2 years get the 12.5% long-term rate; shorter holdings are taxed at your income-tax slab rate.

Short-term

30%

Held under 2 years

Added to your income at your slab rate

Long-term (LTCG)

12.5%

Held 2 years or more

No indexation, no ₹1.25 L exemption

Your income-tax slab

Sets the short-term (slab-rate) figure above.

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · FoF Domestic

Compare all


Mirae Asset Diversified Equity Allocator Passive FOFThis fund Mirae Asset · Regular · Growth	★★★☆☆	-4.86%	+8.64%	+7.86%	—	0.10%	₹981.97Cr
Mirae Asset NYSE FANG + ETF Fund of Fund Mirae Asset · Regular · Growth	★★★★★	+45.76%	+58.41%	+35.98%	—	0.41%	₹2,418Cr
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Mirae Asset · Regular · Growth	★★★★★	+47.60%	+45.91%	+29.33%	—	0.42%	—
Axis Silver Fund of Fund Axis · Regular · Growth	★★★★☆	+50.74%	+45.30%	—	—	0.65%	₹1,209Cr
Nippon India Silver ETF FOF Nippon India · Regular · Growth	★★★★★	+49.37%	+45.20%	—	—	0.49%	₹4,544Cr
HDFC Silver ETF Fund of Fund HDFC · Regular · Growth	★★★★☆	+49.73%	+44.95%	—	—	0.55%	₹4,593Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Other100.00%

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-18.2%27 Sep 2024 → 03 Mar 2025
Still below that high — 5 months down, and no recovery yet.
-17.9%18 Oct 2021 → 20 Jun 2022
Fell over 8 months, back to the old high on 28 Nov 2022 — 5 months under water after the low.
-10.4%01 Dec 2022 → 28 Mar 2023
Fell over 4 months, back to the old high on 05 Jun 2023 — 2 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

AMC Profile

Mirae Asset Mutual Fund is the Indian arm of Mirae Asset, the South Korean manager, and has operated here since 2008. Its growth came largely from a small number of large equity schemes rather than a wide line-up.

Launched

29 Nov 2007

Total AUM

₹2,37,421Cr+5.5% QoQ

Avg AUM · July - September 2026

Website

miraeassetmf.co.in

Fund Managers

SSSiddharth SrivastavaManaging since 01 Jan 2025

Role

Head – ETF Product and Fund Manager

Education

MBA (Tech), BTech

Experience

Mr. Srivastava has more than 15 years of experience in the field of financial services and stock markets. He has been associated with Mirae Asset Investment Managers (India) st Private Limited from 1 January 2020 till date with overall responsibilities of leading passive investment products. He has been associated with Mirae Asset Global Investments (India) th st Private Limited from 17 Oct, 2018 – 31 December 2019 with overall responsibilities of leading passive investment products of the company. Prior to this assignment, he was Senior Manager at NSE Indices Limited from Sep 2014 – Oct 2018 and was associated as Senior Associate at Morgan Stanley Capital International from Nov 2010 – Aug 2014.

Funds managed (7)

All schemes Siddharth Srivastava runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

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Fund managers

Siddharth Srivastava

Mirae Asset in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

Frequently asked questions

What is the NAV of Mirae Asset Diversified Equity Allocator Passive FOF?

As of 05 Oct 2026, the NAV of Mirae Asset Diversified Equity Allocator Passive FOF is ₹23.64 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Mirae Asset Diversified Equity Allocator Passive FOF delivered?

Mirae Asset Diversified Equity Allocator Passive FOF has returned -4.86% over 1 year, +8.64% per year over 3 years, +7.86% per year over 5 years and +15.53% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Mirae Asset Diversified Equity Allocator Passive FOF?

Mirae Asset Diversified Equity Allocator Passive FOF charges an expense ratio of 0.10% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Mirae Asset Diversified Equity Allocator Passive FOF?

Mirae Asset Diversified Equity Allocator Passive FOF's largest holdings are Mirae Asset Nifty 50 ETF (65.1%), Mirae Asset Nifty Midcap 150 ETF (20.0%) and Mirae Asset Nifty Next 50 ETF (14.9%). Holdings are disclosed monthly and change over time.

How risky is Mirae Asset Diversified Equity Allocator Passive FOF?

Mirae Asset Diversified Equity Allocator Passive FOF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 13.9% and its worst peak-to-trough fall in our sample was -18.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.15 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Mirae Asset Diversified Equity Allocator Passive FOF's 0.15 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Mirae Asset Diversified Equity Allocator Passive FOF?

Mirae Asset Diversified Equity Allocator Passive FOF is benchmarked against the Nifty 200 Index (TRI). Its alpha and beta on this page are measured against that index.

Who manages Mirae Asset Diversified Equity Allocator Passive FOF?

Mirae Asset Diversified Equity Allocator Passive FOF is managed by Siddharth Srivastava at Mirae Asset.

How is Mirae Asset Diversified Equity Allocator Passive FOF taxed?

Mirae Asset Diversified Equity Allocator Passive FOF is a non-equity fund (a fund-of-funds, gold, international or balanced-hybrid scheme). Since FY 2025-26 it's no longer taxed like a pure-debt fund: gains on units held more than 2 years are long-term, taxed at 12.5% (no indexation, no ₹1.25 lakh exemption); units held 2 years or less are taxed at your income-tax slab rate.