Mirae Asset Nifty 100 ESG Sector Leaders FoF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Mirae Asset Nifty 100 ESG Sector Leaders FoF Direct Growth Plan is a high-risk fund of fund with a NAV of ₹17.571 as of 15 September 2026 and scheme AUM of ₹80 Cr. Its 1-year, 3-year and 5-year returns are -8.02%, 6.33% and 5.49%, respectively. Our view is that the fund suits investors who can accept marked near-term swings in pursuit of a strategy tied closely to ESG sector leaders rather than a broad-market, low-volatility path.

The risk profile is explicitly High Risk. The portfolio is heavily concentrated in a single holding, so the outcome is likely to move closely with that underlying exposure. That makes the fund better suited to a patient investor who understands that short-term weakness can coexist with a steadier longer-term pattern.

Quick facts

Particular	Details
NAV	₹17.571 as of 15 Sep 2026
AUM	₹80 Cr
Expense Ratio	0.07%
Launch Date	18 Nov 2020
Min SIP	₹99
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Fund of Fund
Exit Load	0.05% on or before 15D, Nil after 15D
Fund Managers	Ekta Gala, Vishal Singh

The fund is managed by Ekta Gala and Vishal Singh.

Source data date: as of 15 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-5.32%	-4.81%
3M	-3.17%	-3.63%
1Y	-8.02%	-8.27%
3Y	6.33%	5.59%
5Y	5.49%	5.58%

The recent pattern is soft. Over 1 month and 3 months, the fund stayed negative, and the 1-year return also remained below zero. That tells us the fund has had a difficult stretch, even though the benchmark has also been weak over the same horizons. The interesting part is that the fund was not far from the benchmark in those periods, which suggests the recent drawdown is more about the strategy’s market exposure than a one-off shock.

The medium-term picture is more constructive. The 3-year return is positive and ahead of the benchmark, while the 5-year return is close to the benchmark and slightly lower. That mix points to a fund that has recovered over time, but without a decisive long-term edge. For investors, the message is that this is not a smooth compounding story; it is a more uneven path with periods of pressure followed by recovery.

The daily pattern over the recent quarters also looks choppy rather than steadily rising, which fits the High Risk label. We see stronger momentum at times in the 3-year window, but the last 1-year stretch has pulled the overall tone back. So while longer-term compounding has held up reasonably well, the recent phase has been materially weaker and should not be ignored.

Source data date: as of 15 Sep 2026

Should you BUY or HOLD Mirae Asset Nifty 100 ESG Sector Leaders FoF?

A fund's past returns alone don't tell you whether you should buy it today or continue holding it.

The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Mirae Asset Nifty 100 ESG Sector Leaders FoF Direct Growth Plan	-8.02%	6.33%	5.49%
SBI Silver ETF FOF Direct Growth Plan	75.06%	Data not available	Data not available
Kotak Silver ETF FoF Direct Growth Plan	74.67%	44.26%	Data not available
Axis Silver FoF Direct Growth Plan	73.7%	44.39%	Data not available
Zerodha Silver ETF FoF Direct Growth Plan	73.46%	Data not available	Data not available
Nippon India Silver ETF FOF Direct Growth Plan	72.65%	43.94%	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

The current fund’s 1-year return trails the peer set shown here by a wide margin, but the peer comparison also highlights a different theme: the peer funds are concentrated in silver-linked strategies, while this fund follows an ESG sector leaders route. That makes the short-term comparison useful for context, yet not a like-for-like verdict on strategy quality.

On the longer horizon, the fund’s 3-year return is positive and sits well above the available peer 3-year figures in this group, while the 5-year return is more restrained and much closer to the benchmark-led pattern. So the short-term and longer-term comparisons tell different stories: the recent result is weak, but the medium-term track is better balanced.

Source data date: as of 15 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Mirae Asset Nifty 100 Esg Sector Leaders ETF	Domestic Mutual Funds Units	99.96%

The portfolio is highly concentrated, with one holding accounting for 99.96% of the disclosed holdings. In absolute terms, that means the entire visible portfolio rests almost fully on the performance of a single ETF exposure, so this fund may move very closely with that underlying instrument.

Because only one holding is disclosed, there is no long tail of positions to soften the impact of that concentration. The gap from the largest holding to the rest is effectively complete, which tells us the fund is structurally simple but also very dependent on that one exposure.

That level of concentration may contribute to sharper swings when the underlying holding is volatile. For an investor, the practical implication is that this scheme is not built like a diversified multi-holding portfolio; it may be better understood as a focused wrapper around a single strategy.

Source data date: as of 15 Sep 2026

Who should invest

This fund fits investors who can accept High Risk and a choppier return pattern. The negative 1-year return shows that short-term drawdowns are possible, while the positive 3-year return shows the strategy can recover over a longer holding period.

The main trade-off is concentration. Because the portfolio is almost fully tied to one ETF exposure, investors may get a focused ESG-sector outcome rather than broad diversification. That makes a longer investment horizon more suitable than a short trading mindset, especially for investors who can tolerate periods of underperformance versus the benchmark.

Tax and exit load

Holding period	Tax rate	Description
Units held less than 1 year	20%	Short-term capital gains tax
Units held more than 1 year	12.5%	Long-term capital gains tax

Exit load: 0.05% on or before 15D, Nil after 15D.

Source data date: as of 15 Sep 2026

Frequently asked questions

What is the current NAV of Mirae Asset Nifty 100 ESG Sector Leaders FoF Direct Growth Plan?
The NAV is ₹17.571 as of 15 September 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is -8.02%, the 3-year return is 6.33%, and the 5-year return is 5.49%.

How does the fund compare with its benchmark?
The fund is slightly ahead of the benchmark over 1 year and 3 years, while the 5-year return is marginally below the benchmark.

How does the fund compare with the peer returns shown here?
Its 1-year return is far lower than the silver-linked peers listed here, while its 3-year return is stronger than the available peer 3-year figures shown. The comparison points to very different strategies, so the short-term gap is not the full story.

Is there a minimum SIP amount?
Yes. The minimum SIP amount is ₹99.

Who manages the fund and what is the exit load?
The fund is managed by Ekta Gala and Vishal Singh. The exit load is 0.05% on or before 15 days and nil after 15 days.

Bottom line

This fund has a mixed profile: the recent return trend is weak, but the 3-year figure shows recovery and the 5-year record is broadly in line with the benchmark. Its peer comparison also needs context because the peer group here is dominated by silver ETF FoFs, while this scheme follows an ESG sector-leaders approach.

The key portfolio feature is concentration, with one holding accounting for almost the entire visible portfolio. That makes the fund suitable only for investors who are comfortable with High Risk, understand the uneven return path, and want a focused ESG-linked exposure rather than a diversified all-weather allocation.

Published on 16 September 2026 at 4:44 PM IST

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RIA disclosure

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.