Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Fund Analyst Review: NAV, Returns and Key Insights 2026

The Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Fund Direct Growth plan has posted a strong 1-year return of 81.42%, backed by a 3-month gain of 35.34%. With an AUM of Rs 430.67 crore and a current NAV of Rs 35.4, the fund has demonstrated consistent performance for investors aligned with its investment mandate. This analyst review covers returns, costs, risk factors, and suitability for 2026.

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What Is the Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Fund?

The Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Fund is an open-ended overseas Fund-of-Fund scheme that invests in units of internationally listed equity funds or ETFs, providing Indian investors indirect access to global equity markets without requiring an international trading account. Classified under FoFs Overseas with a Very High risk rating, the fund’s performance is influenced by both the underlying international market and relevant currency exchange movements.

Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Fund NAV and AUM

The current NAV of the Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Fund Direct Growth plan is Rs 35.4. 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 430.67 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 X Artificial Intelligence & Technology ETF FoF Fund Returns: Performance Snapshot

Period	Returns
1 Month	19.61%
3 Months	35.34%
1 Year	81.42%
3 Years (Annualised)	42.27%
5 Years (Annualised)	Not Available

The Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Fund has delivered strong multi-period returns with 81.42% over one year and 35.34% over three months. These figures reflect both the quality of the underlying investment universe and the general strength of the relevant market segment. Investors should assess current valuations carefully before committing fresh capital, even when past performance has been robust.

Expense Ratio and Cost Efficiency

The Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Fund Direct Growth plan carries an expense ratio of 0.80% per annum, in line with the average for actively managed funds in its category. This expense level reflects the cost of professional portfolio management. Investors should weigh this cost against the fund’s performance consistency and risk-adjusted returns when making their evaluation.

Who Should Invest in Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Fund?

The Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Fund is best suited for investors seeking international diversification, with a Very High risk appetite and a minimum 5 to 7-year horizon. The minimum monthly SIP is Rs 99 and the minimum lumpsum is Rs 5000. Conservative investors and those with short-term goals should avoid this fund. As an overseas FoF, it is best used as a satellite allocation of 10 to 15 percent within a predominantly domestic equity portfolio.

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

The Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Fund has demonstrated consistent and strong returns backed by a solid AUM of Rs 430.67 crore and a competitive expense ratio of 0.80%. The 1-year return of 81.42% offers a compelling risk-adjusted proposition for eligible investors. Ensure this fund complements rather than dominates your portfolio, and consult a SEBI-registered investment advisor before investing.

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 X Artificial Intelligence & Technology ETF FoF Fund?

Ans. The current NAV of the Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Fund Direct Growth plan is Rs 35.4. 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 X Artificial Intelligence & Technology ETF FoF Fund?

Ans. The fund has delivered a 1-year return of 81.42% and a 3-month return of 35.34%. The 3-year annualised return is 42.27% 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 X Artificial Intelligence & Technology ETF FoF Fund Direct Growth?

Ans. The expense ratio of the Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Fund Direct Growth plan is 0.80% 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.