FoFFoF DomesticRegularGrowthVery High

Mirae Asset BSE India Defence ETF FOF

Q: What is the NAV of Mirae Asset BSE India Defence ETF FOF?

As of 05 Oct 2026, the NAV of Mirae Asset BSE India Defence ETF FOF is ₹11.30 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 India Defence ETF FOF delivered?

Mirae Asset BSE India Defence ETF FOF has returned +13.82% 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 India Defence ETF FOF?

Mirae Asset BSE India Defence ETF FOF charges an expense ratio of 0.72% 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 India Defence ETF FOF?

Mirae Asset BSE India Defence ETF FOF's largest holdings are Mirae Asset BSE India Defence ETF (100.2%). Holdings are disclosed monthly and change over time.

Q: How risky is Mirae Asset BSE India Defence ETF FOF?

Mirae Asset BSE India Defence ETF FOF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 24.0% and its worst peak-to-trough fall in our sample was -14.5%. 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 India Defence ETF FOF?

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

Q: Who manages Mirae Asset BSE India Defence ETF FOF?

Mirae Asset BSE India Defence ETF FOF is managed by Ekta Gala and Vishal Singh at Mirae Asset.

Q: How is Mirae Asset BSE India Defence ETF FOF taxed?

Mirae Asset BSE India Defence ETF 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

₹11.30

+0.48% 1D

as of 05 Oct 2026

This is the Regular plan of Mirae Asset BSE India Defence ETF 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

+13.82%absolute

52-week rangePrev NAV ₹11.25

Latest ₹11.30

Low ₹8.8470th percentile of its 52-week rangeHigh ₹12.36

Scorecard

Not rated

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. Not rated — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.

Performance—

Not enough FoF Domestic peers to rank yet

RiskHigh

Volatility 24.0% vs 17.3% category avg

CostAverage

0.7% 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

No standout strengths identified.

Concerns

More volatile than its FoF Domestic peers (24.0% vs 17.3%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.72%

Category 0.69%▲0.03%

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

—

Category —

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

—

Category 0.65

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 within 15 Days from the date of allotment: 0.05%. If redeemed after 15 Days from the date of allotment: NIL.

Up to 0.05%

tiered — see the full terms

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

—

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

BSE India Defence 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.

24 Feb 2026

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

Definitions

Absolute return over the last 1 month (not annualized)

-6.52%

Absolute return over the last 3 months (not annualized)

-4.46%

Absolute return over the last 6 months (not annualized)

+22.31%

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

+13.82%

Annualized returns (≥1Y — CAGR)

Definitions

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

—

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.

+13.82%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

23.97%

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

-14.54%

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 (FoF Domestic)

Period	Fund	Category avg.	Diff
1M abs	-6.52%	-3.38%	-3.14%
3M abs	-4.46%	-1.43%	-3.03%
6M abs	+22.31%	+4.61%	+17.70%
1Y CAGR	—	+11.40%	—
3Y CAGR	—	+19.25%	—
5Y CAGR	—	+12.58%	—

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.

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

₹70.00K

Current value

₹71.11K

Absolute

+1.59%

XIRR

+6.40%

Value vs. invested

ValueInvested

7 monthly installments of ₹10,000 into Mirae Asset BSE India Defence ETF FOF, valued at the latest NAV. XIRR annualizes for each installment’s timing.

History points

151

Expense ratio

0.72%

AUM

₹56.71Cr

Portfolio turnover

Exit load

If redeemed within 15 Days from the date of allotment: 0.05%. If redeemed after 15 Days from the 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 BSE India Defence ETF FOFThis fund Mirae Asset · Regular · Growth	—	—	—	—	—	0.72%	₹56.71Cr
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

Other100.21%

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.

-14.5%06 Mar 2026 → 30 Mar 2026
Fell over 24 days, back to the old high on 15 Apr 2026 — 16 days under water after the low.
-9.0%08 Sep 2026 → 01 Oct 2026
Still below that high — 23 days down, and no recovery yet.
-5.7%07 May 2026 → 12 May 2026
Fell over 5 days, back to the old high on 17 Jun 2026 — 36 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.

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 02 Feb 2024

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.

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Fund managers

Ekta Gala Vishal Singh

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 BSE India Defence ETF FOF?

As of 05 Oct 2026, the NAV of Mirae Asset BSE India Defence ETF FOF is ₹11.30 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Mirae Asset BSE India Defence ETF FOF delivered?

Mirae Asset BSE India Defence ETF FOF has returned +13.82% 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 India Defence ETF FOF?

Mirae Asset BSE India Defence ETF FOF charges an expense ratio of 0.72% 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 India Defence ETF FOF?

Mirae Asset BSE India Defence ETF FOF's largest holdings are Mirae Asset BSE India Defence ETF (100.2%). Holdings are disclosed monthly and change over time.

How risky is Mirae Asset BSE India Defence ETF FOF?

Mirae Asset BSE India Defence ETF FOF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 24.0% and its worst peak-to-trough fall in our sample was -14.5%. 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 India Defence ETF FOF?

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

Who manages Mirae Asset BSE India Defence ETF FOF?

Mirae Asset BSE India Defence ETF FOF is managed by Ekta Gala and Vishal Singh at Mirae Asset.

How is Mirae Asset BSE India Defence ETF FOF taxed?

Mirae Asset BSE India Defence ETF 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.