Mirae Asset Nifty India New Age Consumption ETF FoF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Mirae Asset Nifty India New Age Consumption ETF FoF Direct Growth Plan currently has a NAV of ₹9.548 as of 15 September 2026 and a scheme AUM of ₹21 Cr. Its 1-year, 3-year and 5-year returns are -5.75%, 0% and 0%, and the fund sits in the High Risk category.

Our view is that this is a niche, high-volatility fund with a short track record and uneven recent performance. The portfolio is highly concentrated in a single holding, so investors may want to treat it as a targeted allocation rather than a broad core holding.

Quick facts

Particular	Details
NAV	₹9.548 as of 15 Sep 2026
AUM	₹21 Cr
Expense Ratio	0.28%
Launch Date	02 Jan 2025
Min SIP	₹99
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Others
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	-5.52%	-4.81%
3M	3.28%	-3.63%
1Y	-5.75%	-8.27%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The recent pattern is mixed. Over one month, the fund fell more than the benchmark, which points to continued near-term pressure. Over three months, it moved into positive territory while the benchmark stayed negative, so the fund showed a clearer rebound than the index over that window.

The 1-year figure remains negative, but it is less weak than the benchmark’s decline. That tells us the fund has held up better than the index over the past year even though the absolute return is still below zero. The short-run recovery therefore looks real, but it has not yet repaired the broader one-year weakness.

The daily path also suggests a choppy profile rather than a steady trend. The fund spent part of the period under pressure, then recovered, and then gave back some gains again. For an investor, that means the fund is still behaving like a concentrated thematic exposure, where short bursts of strength can coexist with sharp setbacks.

Because the scheme launched in 2025, the 3-year and 5-year figures are not yet meaningful for this fund. That limits how much weight we can place on the longer horizon, and it makes the recent 3-month and 1-year behaviour more important for judging how the fund is currently moving.

Source data date: as of 15 Sep 2026

Should you BUY or HOLD Mirae Asset Nifty India New Age Consumption ETF 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.

Already holding Mirae Asset Nifty India New Age Consumption ETF FoF? Thinking of investing now?

Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium

Peer comparison

Fund	1Y return	3Y return	5Y return
Mirae Asset Nifty India New Age Consumption ETF FoF Direct Growth Plan	-5.75%	Data not available	Data not available
DSP Silver ETF FoF Direct Growth Plan	79.99%	Data not available	Data not available
UTI Silver ETF FoF Direct Growth Plan	78.79%	44.94%	Data not available
Tata Silver ETF FoF Direct Growth Plan	76.13%	Data not available	Data not available
ICICI Pru Silver ETF FOF Direct Growth Plan	73.08%	44.2%	Data not available
UTI Gold ETF FoF Direct Growth Plan	38.25%	36.06%	Data not available

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

On a 1-year basis, the fund trails the listed peer return figures by a wide margin. Its own return is negative, while the peer set shown here is positive and materially stronger over the same period. That makes the fund’s recent profile look much softer than the comparison set.

The longer-horizon picture is less direct because this scheme is still young. Where peer funds have 3-year figures available, those returns are positive and well above the current fund’s unavailable long-term history. In other words, the peers with longer records have already shown compounding, while this fund does not yet have a comparable track record.

So the short-term and long-term views do not tell the same story. The near-term record is weak, but the longer peer records show that some funds in the broader comparison group have delivered far stronger compounding. That makes the current fund look more like an early-stage thematic bet than a mature, proven option.

Source data date: as of 15 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Mirae Asset Nifty India New Age Consumption ETF	Domestic Mutual Funds Units	99.5%

The portfolio is effectively built around one holding, which has a 99.5% weight. That means almost the entire scheme moves with the same underlying exposure, so the fund is likely to have very little diversification at the holding level.

Because only one disclosed holding is present, there is no gradual fall-off from a first position to a tenth position. Instead, the disclosed portfolio is fully concentrated in a single sleeve, which may amplify both upside and downside swings compared with a more spread-out fund.

With one disclosed holding out of one, the concentration level is straightforward to read: the visible portfolio is extremely narrow. That can make the fund useful only for investors who specifically want this thematic exposure and are comfortable with the fact that the outcome may depend heavily on one asset’s behaviour.

Source data date: as of 15 Sep 2026

Who should invest

This fund is suited to investors who can tolerate High Risk and who understand that the return pattern has been uneven rather than steady. The recent 3-month rebound shows that the fund can recover quickly, but the 1-year return is still negative, so patience is important.

A longer investment horizon is more suitable than a short holding period, especially because the scheme launched only in 2025 and does not yet have a meaningful long record. Investors who compare it with the benchmark will see that it has sometimes held up better over the last year, but the overall profile remains volatile.

The main trade-off is concentration. The portfolio is almost entirely invested in one disclosed holding, so investors may get focused exposure rather than diversification. That makes the fund better suited to people who want a narrow thematic allocation and can accept sharp swings in returns.

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 applies at 0.05% if units are sold on or before 15 days. After 15 days, there is no exit load.

Source data date: as of 15 Sep 2026

Frequently asked questions

What is the current NAV of Mirae Asset Nifty India New Age Consumption ETF FoF Direct Growth Plan?

The current NAV is ₹9.548 as of 15 September 2026.

What are the fund’s 1-year, 3-year and 5-year returns?

The 1-year return is -5.75%, while the 3-year and 5-year returns are not available for this scheme.

How has the fund performed versus the benchmark?

Over 1 year, the fund is less weak than the benchmark, with -5.75% versus -8.27%. Over 3 months, the fund is ahead of the benchmark, while the benchmark is negative.

How does it compare with the peer funds shown here?

The peer funds shown here have much stronger 1-year returns, and some also have positive 3-year figures. This fund’s recent return profile is much softer than the comparison set.

What is the minimum SIP amount?

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. Exit load is 0.05% on or before 15 days and nil after 15 days.

Bottom line

This fund’s recent behaviour is better than its benchmark over 1 year, but it still carries a negative return and a choppy short-term path. The peer funds shown here have far stronger 1-year numbers, while some also have positive longer-horizon returns. The scheme is High Risk and extremely concentrated, with almost all of the portfolio in one disclosed holding. That makes it more suitable for investors who want a narrow thematic exposure and can accept the possibility of sharp swings rather than steady compounding.

Published on 16 September 2026 at 9:33 AM IST

Explore mutual funds with Univest

Review mutual fund data, compare performance and explore fund insights on Univest.

Explore Univest

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.