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Mirae Asset Nifty Metal ETF

Q: What is the NAV of Mirae Asset Nifty Metal ETF?

As of 05 Oct 2026, the NAV of Mirae Asset Nifty Metal ETF is ₹12.63 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Mirae Asset Nifty Metal ETF delivered?

Mirae Asset Nifty Metal ETF has returned +22.21% over 1 year and +11.78% 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 Nifty Metal ETF?

Mirae Asset Nifty Metal ETF charges an expense ratio of 0.53% 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 Nifty Metal ETF?

Mirae Asset Nifty Metal ETF's largest holdings are Tata Steel Ltd. (17.9%), Hindalco Industries Ltd. (17.3%), JSW Steel Ltd. (14.4%), Adani Enterprises Ltd. (9.7%) and Vedanta Ltd. (5.5%). Holdings are disclosed monthly and change over time.

Q: How risky is Mirae Asset Nifty Metal ETF?

Mirae Asset Nifty Metal ETF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 23.1% and its worst peak-to-trough fall in our sample was -22.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of Mirae Asset Nifty Metal ETF?

Mirae Asset Nifty Metal ETF is benchmarked against the Nifty Metal Total Return Index. Its alpha and beta on this page are measured against that index.

Q: Who manages Mirae Asset Nifty Metal ETF?

Mirae Asset Nifty Metal ETF is managed by Ekta Gala and Akshay Udeshi at Mirae Asset.

Q: How is Mirae Asset Nifty Metal ETF taxed?

Mirae Asset Nifty Metal ETF is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Mirae Asset Mutual Fund · Best Equity ETFs

NAV

₹12.63

+0.33% 1D

as of 05 Oct 2026

Compare SIP calculator

Performance

+23.43%absolute

52-week rangePrev NAV ₹12.59

Latest ₹12.63

Low ₹10.0769th percentile of its 52-week rangeHigh ₹13.81

Scorecard

★★★★★5/5 vs 41 of 73 Equity ETF peers1Y

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 Equity ETF (same plan and option). Based on a 1-year record — this fund is too young for a 3-year CAGR, so its performance is ranked on 1Y against the same peers. 41 of the 73 Equity ETF funds in this cohort carry the full record the stars need, so they are the ones ranked against.

Performance—

Not enough Equity ETF peers to rank yet

RiskHigh

Volatility 23.1% vs 16.7% category avg

CostLow

0.5% expense vs 0.7% category avg

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

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

Strengths

Ahead of the Equity ETF average on 3M/6M/1Y — 1Y by 23.30pp
Ranks #3 of 49 on 1-year return in its Equity ETF cohort
Low expense ratio (0.53%) vs the Equity ETF average of 0.73%

Concerns

More volatile than its Equity ETF peers (23.1% vs 16.7%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.53%

Category 0.73%▼0.20%

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

13.67

Category 20.93▼7.26

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

—

Category 0.26

Scheme Info

Definitions

Plan

—

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

—

Exit Load

None

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

0.005%

SIP Inv.

Not allowed

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

—

Nifty Metal Total Return Index

Nifty Metal 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.

04 Oct 2024

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

Definitions

Absolute return over the last 1 month (not annualized)

-6.09%

Absolute return over the last 3 months (not annualized)

-0.60%

Absolute return over the last 6 months (not annualized)

+9.54%

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

+12.62%

Annualized returns (≥1Y — CAGR)

Definitions

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

+22.21%

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

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.

+11.78%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

23.14%

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

—

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

—

Largest peak-to-trough decline over full history

-22.29%

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

—

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

—

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

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

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

—

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

—

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 (Equity ETF)

Period	Fund	Category avg.	Diff
1M abs	-6.09%	-5.21%	-0.88%
3M abs	-0.60%	-3.93%	+3.33%
6M abs	+9.54%	+5.91%	+3.63%
1Y CAGR	+22.21%	-1.09%	+23.30%
3Y CAGR	—	+11.60%	—
5Y CAGR	—	+9.62%	—

Category average across peers in Equity ETF (72 of 73 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 73 peers in Equity ETF

1Y return

+22.21%

Beats 95.8% · rank #3

3Y return

—

5Y return

—

Sharpe

—

Sortino

—

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

₹1.20L

Current value

₹1.25L

Absolute

+4.12%

XIRR

+9.10%

Value vs. invested

ValueInvested

12 monthly installments of ₹10,000 into Mirae Asset Nifty Metal ETF, 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	+12.62%	-7.18%	+19.80%
2025	+29.45%	+7.94%	+21.51%
2024part	-14.27%	—	—

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

494

Expense ratio

0.53%

AUM

₹515.07Cr

Portfolio turnover

50%

Exit load

NIL

P/E ratio

13.7

P/B ratio

2.9

Avg market cap

₹1,94,134Cr

P/E & P/B are portfolio-weighted harmonic means across 15 of 15 equity holdings (100% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

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 · Equity ETF

Compare all


Mirae Asset Nifty Metal ETFThis fund Mirae Asset	★★★★★ 1Y	+22.21%	—	—	13.67	0.53%	₹515.07Cr
Aditya Birla Sun Life Silver ETF Aditya Birla Sun Life	★★★★☆	+52.36%	+47.61%	—	—	0.35%	₹3,026Cr
Aditya Birla Sun Life Gold ETF Aditya Birla Sun Life	★★★☆☆	+25.55%	+36.41%	+24.84%	—	0.44%	₹2,838Cr
Mirae Asset S&P 500 Top 50 ETF Mirae Asset	★★★★★	+19.24%	+29.33%	+19.90%	—	0.65%	—
Aditya Birla Sun Life Nifty Healthcare ETF Aditya Birla Sun Life	★★★★★	+11.80%	+19.57%	—	41.11	0.20%	₹76.55Cr
Axis NIFTY Healthcare ETF Axis	★★★★★	+11.61%	+19.17%	+12.21%	41.12	0.45%	₹21.69Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap67.8%
Mid cap32.2%
Small cap0.0%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity100.01%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
ICICI Prudential Commodities Fund ICICI Prudential · Sectoral/ Thematic	33.9%	★★★★☆	1.04%	+14.09%
Kotak Nifty Commodities Index Fund Kotak Mahindra · Index Funds	28.1%	★★★☆☆	0.28%	—
DSP Natural Resources And New Energy Fund DSP · Sectoral/ Thematic	27.8% of 78% equity	★★★★☆	1.01%	+17.99%
SBI Comma Fund SBI · Sectoral/ Thematic	23.7%	★★★☆☆	1.24%	+14.61%
Baroda BNP Paribas Nifty200 Momentum 30 Index Fund Baroda BNP Paribas · Index Funds	19.0%	★★☆☆☆	1.02%	—
Mirae Asset Nifty200 Momentum 30 Plus 8-13yr G-Sec 75:25 Index Fund Mirae Asset · Hybrid Fund	18.7% of 75% equity	—	0.69%	—
UTI Nifty 200 Momentum 30 Index Fund UTI · Index Funds	18.6%	★★★☆☆	0.82%	+9.41%
Motilal Oswal Nifty 200 Momentum 30 Index Fund Motilal Oswal · Index Funds	18.6%	★★★☆☆	0.76%	+9.07%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

1 holding — 3.68% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

Welspun Corp LimitedLong-term · Stage I3.68%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

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.

-22.3%04 Oct 2024 → 07 Apr 2025
Fell over 6 months, back to the old high on 23 Sep 2025 — 6 months under water after the low.
-12.9%29 Jan 2026 → 23 Mar 2026
Fell over 2 months, back to the old high on 15 Apr 2026 — 23 days under water after the low.
-9.4%27 May 2026 → 01 Jul 2026
Still below that high — 35 days down, and no recovery yet.

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.

Fund size over time

Quarterly average AUM · AMFI

₹515.07Cr

April - June 2026

+41%

since January - March 2026

+₹103.81Cr

est. net flow, last quarter

At or near its largest, ₹515.07Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

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

EGEkta GalaStart date not disclosed

Role

Dealer – ETF and Fund Manager

Education

B. Com & Inter CA (IPCC)

Experience

Ms. Ekta Gala has over 7 years of Mr. Vishal Singh has over 6 years of experience as a dealer. Prior to this experience in the field of financial assignment, Ms. Ekta Gala was services. He has been associated with ICICI Prudential Asset associated with the AMC since June Management Company Ltd. 2020. Prior to this assignment, Mr. Singh was associated with NSE

Funds managed (48)

All schemes Ekta Gala runs →

AUAkshay UdeshiStart date not disclosed

Role

Fund Manager

Education

MBA - Finance; B.E (Electronics)

Experience

Mr. Akshay Udeshi has over 6 years of experience in the field of financial services. He has been associated with the AMC since June 2021. Prior to this assignment, Mr. Udeshi was associated with Reliance Retail Limited where he was involved in product development in the affordability space. He also has an experience with L&T Financial Services where he was involved in product management of secured lending products.

Funds managed (36)

All schemes Akshay Udeshi runs →

Fund manager, benchmark and dealing terms from 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.

Explore from here

Fund managers

Ekta Gala Akshay Udeshi

Top holdings

Tata Steel Ltd.Hindalco Industries Ltd.JSW Steel Ltd.Adani Enterprises Ltd.Vedanta Ltd.Jindal Steel Ltd.APL Apollo Tubes Ltd.National Aluminium Company Ltd.Welspun Corp Ltd.NMDC Ltd.Hindustan Zinc Ltd.Steel Authority of India Ltd.

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.

Run SIP calculator Add to compare

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.

About Equity ETFs

Equity ETFs track an equity index and trade on the exchange through the day, so you buy at a market price that can sit slightly above or below the fund's NAV. That is the trade-off against an index fund, which always transacts at NAV but only once a day.

Frequently asked questions

What is the NAV of Mirae Asset Nifty Metal ETF?

As of 05 Oct 2026, the NAV of Mirae Asset Nifty Metal ETF is ₹12.63 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Mirae Asset Nifty Metal ETF delivered?

Mirae Asset Nifty Metal ETF has returned +22.21% over 1 year and +11.78% 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 Nifty Metal ETF?

Mirae Asset Nifty Metal ETF charges an expense ratio of 0.53% 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 Nifty Metal ETF?

Mirae Asset Nifty Metal ETF's largest holdings are Tata Steel Ltd. (17.9%), Hindalco Industries Ltd. (17.3%), JSW Steel Ltd. (14.4%), Adani Enterprises Ltd. (9.7%) and Vedanta Ltd. (5.5%). Holdings are disclosed monthly and change over time.

How risky is Mirae Asset Nifty Metal ETF?

Mirae Asset Nifty Metal ETF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 23.1% and its worst peak-to-trough fall in our sample was -22.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of Mirae Asset Nifty Metal ETF?

Mirae Asset Nifty Metal ETF is benchmarked against the Nifty Metal Total Return Index. Its alpha and beta on this page are measured against that index.

Who manages Mirae Asset Nifty Metal ETF?

Mirae Asset Nifty Metal ETF is managed by Ekta Gala and Akshay Udeshi at Mirae Asset.

How is Mirae Asset Nifty Metal ETF taxed?

Mirae Asset Nifty Metal ETF is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.