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Mirae Asset BSE Select IPO ETF

Q: What is the NAV of Mirae Asset BSE Select IPO ETF?

As of 05 Oct 2026, the NAV of Mirae Asset BSE Select IPO ETF is ₹45.85 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Mirae Asset BSE Select IPO ETF delivered?

Mirae Asset BSE Select IPO ETF has returned -5.14% over 1 year and +9.50% 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 BSE Select IPO ETF?

Mirae Asset BSE Select IPO ETF charges an expense ratio of 0.60% 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 BSE Select IPO ETF?

Mirae Asset BSE Select IPO ETF's largest holdings are Eternal Ltd. (5.8%), Tata Motors Ltd. (5.5%), One 97 Communications Ltd. (5.5%), PB Fintech Ltd. (5.2%) and Jio Financial Services Ltd. (4.4%). Holdings are disclosed monthly and change over time.

Q: How risky is Mirae Asset BSE Select IPO ETF?

Mirae Asset BSE Select IPO ETF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 17.8% and its worst peak-to-trough fall in our sample was -24.6%. 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 BSE Select IPO ETF?

Mirae Asset BSE Select IPO ETF is benchmarked against the BSE Select IPO TRI (Total Return Index). Its alpha and beta on this page are measured against that index.

Q: Who manages Mirae Asset BSE Select IPO ETF?

Mirae Asset BSE Select IPO ETF is managed by Ekta Gala and Vishal Singh at Mirae Asset.

Q: How is Mirae Asset BSE Select IPO ETF taxed?

Mirae Asset BSE Select IPO 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

₹45.85

+0.68% 1D

as of 05 Oct 2026

Compare SIP calculator

Performance

-6.34%absolute

52-week rangePrev NAV ₹45.54

Latest ₹45.85

Low ₹38.1266th percentile of its 52-week rangeHigh ₹49.85

Scorecard

★★☆☆☆2/5 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

RiskModerate

Volatility 17.8% vs 16.8% category avg

CostLow

0.6% 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

Low expense ratio (0.60%) vs the Equity ETF average of 0.73%

Concerns

1-year return (-5.14%) trails the Equity ETF average (-0.52%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.60%

Category 0.73%▼0.13%

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

45.60

Category 20.46▲25.14

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

—

BSE Select IPO TRI (Total Return Index)

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.

11 Mar 2025

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

Definitions

Absolute return over the last 1 month (not annualized)

-5.73%

Absolute return over the last 3 months (not annualized)

-0.04%

Absolute return over the last 6 months (not annualized)

+18.05%

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

-0.69%

Annualized returns (≥1Y — CAGR)

Definitions

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

-5.14%

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.

+9.50%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

17.81%

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

-24.61%

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	-5.73%	-5.21%	-0.52%
3M abs	-0.04%	-3.94%	+3.90%
6M abs	+18.05%	+5.76%	+12.29%
1Y CAGR	-5.14%	-0.52%	-4.62%
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

-5.14%

Beats 39.6% · rank #30

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

₹1.23L

Absolute

+2.18%

XIRR

+4.78%

Value vs. invested

ValueInvested

12 monthly installments of ₹10,000 into Mirae Asset BSE Select IPO 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	-0.69%	-7.18%	+6.49%
2025part	+16.11%	—	—

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

386

Expense ratio

0.60%

AUM

₹19.15Cr

Portfolio turnover

77%

Exit load

NIL

P/E ratio

45.6

P/B ratio

7.2

Avg market cap

₹94,665Cr

P/E & P/B are portfolio-weighted harmonic means across 49 of 71 equity holdings (78% 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 BSE Select IPO ETFThis fund Mirae Asset	★★☆☆☆ 1Y	-5.14%	—	—	45.60	0.60%	₹19.15Cr
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 cap37.1%
Mid cap37.4%
Small cap25.5%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity100.00%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Axis Innovation Fund Axis · Sectoral/ Thematic	33.2%	★★★☆☆	1.35%	+17.84%
Union Innovation & Opportunities Fund Union · Sectoral/ Thematic	30.2%	★★★☆☆	0.99%	+17.69%
HDFC Nifty India Digital Index Fund HDFC · Index Funds	28.8%	★☆☆☆☆	0.39%	—
UTI Innovation Fund UTI · Sectoral/ Thematic	25.8%	★☆☆☆☆	1.24%	+4.16%
Edelweiss BSE Internet Economy Index Fund Edelweiss · Index Funds	24.9%	★★★☆☆	0.56%	—
SBI Innovative Opportunities Fund SBI · Sectoral/ Thematic	24.8%	★★★★☆	1.05%	—
Zerodha Nifty Smallcap 100 ETF Zerodha · Other ETFs	24.7%	—	0.35%	—
Motilal Oswal Midcap Fund Motilal Oswal · Mid Cap Fund	24.3%	★★★☆☆	0.91%	+17.74%

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 — 5.18% 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.

PB Fintech LimitedShort-term · Stage I5.18%

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.

-24.6%19 Sep 2025 → 31 Mar 2026
Still below that high — 6 months down, and no recovery yet.
-7.0%24 Mar 2025 → 07 Apr 2025
Fell over 14 days, back to the old high on 16 Apr 2025 — 9 days under water after the low.
-5.1%09 Jun 2025 → 19 Jun 2025
Fell over 10 days, back to the old high on 30 Jun 2025 — 11 days 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.

Fund size over time

Quarterly average AUM · AMFI

₹19.15Cr

April - June 2026

+9%

since January - March 2026

+₹2.04Cr

est. net flow, last quarter

At or near its largest, ₹19.15Cr 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 GalaManaging since 10 Mar 2025

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 →

VSVishal SinghManaging since 25 Mar 2026

Role

Fund Manager/ Years

Education

C.A.; C.F. A; F.R.M; B. Com

Experience

Mr. Vishal Singh has over 6 years of experience in the field of financial services. He has been associated with this assignment, Mr. Singh was associated with NSE Indices Limited where he was involved in development of index product and valuation of Indian fixed income securities. Mr. Singh also has an experience covering the global fixed income securities as an analyst for Aranca (India) PrivateLimited.

Funds managed (16)

All schemes Vishal Singh 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.

Explore from here

Fund managers

Ekta Gala Vishal Singh

Top holdings

Eternal Ltd.Tata Motors Ltd.One 97 Communications Ltd.PB Fintech Ltd.Jio Financial Services Ltd.FSN E-Commerce Ventures Ltd.Swiggy Ltd.Sona Blw Precision Forgings Ltd.Lodha Developers Ltd.Ather Energy Ltd.Hyundai Motor India Ltd.Vishal Mega Mart 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 BSE Select IPO ETF?

As of 05 Oct 2026, the NAV of Mirae Asset BSE Select IPO ETF is ₹45.85 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Mirae Asset BSE Select IPO ETF delivered?

Mirae Asset BSE Select IPO ETF has returned -5.14% over 1 year and +9.50% 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 BSE Select IPO ETF?

Mirae Asset BSE Select IPO ETF charges an expense ratio of 0.60% 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 BSE Select IPO ETF?

Mirae Asset BSE Select IPO ETF's largest holdings are Eternal Ltd. (5.8%), Tata Motors Ltd. (5.5%), One 97 Communications Ltd. (5.5%), PB Fintech Ltd. (5.2%) and Jio Financial Services Ltd. (4.4%). Holdings are disclosed monthly and change over time.

How risky is Mirae Asset BSE Select IPO ETF?

Mirae Asset BSE Select IPO ETF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 17.8% and its worst peak-to-trough fall in our sample was -24.6%. 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 BSE Select IPO ETF?

Mirae Asset BSE Select IPO ETF is benchmarked against the BSE Select IPO TRI (Total Return Index). Its alpha and beta on this page are measured against that index.

Who manages Mirae Asset BSE Select IPO ETF?

Mirae Asset BSE Select IPO ETF is managed by Ekta Gala and Vishal Singh at Mirae Asset.

How is Mirae Asset BSE Select IPO ETF taxed?

Mirae Asset BSE Select IPO 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.