Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FoF Fund Analyst Review: NAV, Returns and Key Insights 2026

Few mutual funds have matched the kind of returns delivered by the Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FoF Fund, which has surged 109.37% over the past year and 27.04% over three months alone. Managing Rs 74.86 crore in assets at a NAV of Rs 19.18, this fund reflects strong investor conviction in its underlying investment theme. This review covers performance, costs, risks, and who should consider investing in 2026.

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What Is the Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FoF Fund?

The Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FoF Fund is an overseas Fund-of-Fund that channels investor capital into internationally-listed equity ETFs or active funds, offering a regulated route for Indian investors to participate in global market themes. The fund carries a Very High risk rating and performance is influenced by both the underlying international assets and USD-INR or other applicable currency movements.

Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FoF Fund NAV and AUM

The current NAV of the Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FoF Fund Direct Growth plan is Rs 19.18. NAV also reflects movements in applicable foreign currency exchange rates, as the underlying assets are priced in foreign currencies. Always verify the most recent NAV on the AMC website or a registered mutual fund platform before placing any transaction.

With an AUM of Rs 74.86 crore, the fund is relatively nimble. This can be advantageous for portfolio agility and the ability to take positions without significant market impact. Investors should track AUM trends alongside performance metrics when evaluating this fund.

Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FoF Fund Returns: Performance Snapshot

Period	Returns
1 Month	12.01%
3 Months	27.04%
1 Year	109.37%
3 Years (Annualised)	25.32%
5 Years (Annualised)	Not Available

Performance has been outstanding for the Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FoF Fund, with a 1-year return of 109.37% reflecting a highly favourable environment for its investment mandate. The 3-month figure of 27.04% suggests conditions remain supportive. However, funds with such concentrated return profiles can see sharp mean-reversion in unfavourable cycles. A long-term commitment and appropriate position sizing are essential.

Expense Ratio and Cost Efficiency

With an expense ratio of 1.99% per annum, the Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FoF Fund Direct Growth plan sits at the upper end of the cost range for its category. Higher expense ratios can erode compounding over long periods. Investors should ensure the fund’s track record justifies this cost before committing capital, and always compare the direct plan against lower-cost category alternatives.

Who Should Invest in Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FoF Fund?

The Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FoF Fund suits investors comfortable with global market volatility and currency risk who want international equity exposure through a regulated Indian mutual fund structure. A minimum 5 to 7-year horizon and Very High risk tolerance are essential. The minimum SIP is Rs 99 and minimum lumpsum is Rs 5000. First-time investors and retirees should avoid this fund.

Key Risks to Consider

Double Expense Layer: As a Fund-of-Fund, costs are incurred at both the underlying fund level and the FoF scheme level. Investors should factor this total cost structure into their net return expectations.

Regulatory Restrictions: SEBI periodically restricts fresh subscriptions to overseas funds when industry aggregate overseas AUM approaches its regulatory ceiling, which can temporarily interrupt investment continuity.

Market Concentration: Depending on the underlying fund’s mandate, the portfolio may be concentrated in a specific geography or index, amplifying the impact of adverse conditions in that particular market.

Concentration Risk: Funds with a focused investment mandate are more vulnerable to segment-specific headwinds than broadly diversified equity schemes.

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Conclusion

With a 1-year return of 109.37%, the Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FoF Fund has earned its place among the category’s top performers. The expense ratio of 1.99% and substantial AUM of Rs 74.86 crore add further credibility. Investors should enter with realistic expectations, maintain appropriate position sizing, and align any allocation with their long-term financial plan and risk tolerance.

Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice.

Frequently Asked Questions

What is the current NAV of Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FoF Fund?

Ans. The current NAV of the Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FoF Fund Direct Growth plan is Rs 19.18. NAV is updated each trading day and reflects the closing market value of the fund’s underlying holdings. Always verify the most recent NAV on the AMC website or a SEBI-registered mutual fund platform before transacting.

What are the returns of Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FoF Fund?

Ans. The fund has delivered a 1-year return of 109.37% and a 3-month return of 27.04%. The 3-year annualised return is 25.32% and the 5-year annualised return is Not Available. Past performance does not guarantee future results and should be evaluated alongside the fund’s risk profile and benchmark comparison.

What is the expense ratio of Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FoF Fund Direct Growth?

Ans. The expense ratio of the Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FoF Fund Direct Growth plan is 1.99% per annum. The direct plan eliminates distributor commissions and is more cost-efficient than the regular plan. Investors should always opt for the direct plan to maximise long-term net returns through the compounding advantage of lower costs.

Is this fund suitable for conservative investors?

Ans. No. This fund carries a Very High risk rating due to concentrated overseas and currency exposure. It is not suitable for conservative investors or those with short investment timelines. A minimum 5 to 7-year horizon and a high risk tolerance are required prerequisites. Consult a SEBI-registered investment advisor before investing.

What is the minimum SIP amount for this fund?

Ans. The minimum monthly SIP is Rs 99 and the minimum lumpsum investment is Rs 5000. The low entry thresholds make the fund accessible across income levels. A regular SIP approach is recommended to average out entry costs over time, particularly given the high-volatility nature of this fund’s category.

What category and sub-category does this fund belong to?

Ans. This fund is an overseas Fund-of-Fund investing in internationally listed equity ETFs or funds. It falls under the FoFs Overseas sub-category and is available as a direct growth plan, which eliminates distributor commissions and typically offers superior net returns compared to the regular plan.