Mirae Asset Nifty200 Momentum 30 Plus 8-13yr G-Sec 75:25 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Mirae Asset Nifty200 Momentum 30 Plus 8-13yr G-Sec 75:25 Index Fund Direct Growth Plan is an actively structured index fund with a current NAV of ₹10.0898 as of 18 Sep 2026 and scheme AUM of ₹13 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and it is tagged High Risk. Our view is that it is still too early to judge on a long track record, but the structure points to a mixed equity and government-securities exposure that may appeal only to investors who are comfortable with early-stage uncertainty.

The fund’s early behaviour is still developing, so the near-term number set needs to be read with caution. The low AUM and very recent launch mean the current record is not yet a robust guide to how it may behave through a full market cycle.

Quick facts

Particular	Details
NAV	₹10.0898 as of 18 Sep 2026
AUM	₹13 Cr
Expense Ratio	0.0%
Launch Date	28 Jul 2026
Min SIP	₹99
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	No exit load
Fund Managers	Ekta Gala, Pranavi Kulkarni

The fund is managed by Ekta Gala and Pranavi Kulkarni.

Source data date: as of 18 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-1.45%	-3.73%
3M	Data not available	Data not available
1Y	0%	0%
3Y	0%	0%
5Y	0%	0%

The recent 1-month pattern shows the fund moved through a choppy stretch but still held up better than the benchmark over the same period. That matters because a newer strategy can easily look weak in one short window even when it is not tracking the market as badly as the benchmark itself.

At the same time, the longer-horizon rows do not yet give us a meaningful operating history. With 1-year, 3-year and 5-year figures all at 0%, the fund does not yet have a practical compounding record for investors to study. That makes the launch date especially important: the scheme is too new for the long-term sections to tell us much about persistence, cycle behaviour or downside control.

Against Nifty 50, the fund’s short-term reading is less negative than the benchmark, which is a small positive for relative resilience. But the lack of a real multi-year track record means we would not read too much into that single window. The right conclusion is that the fund has shown modest short-term steadiness, while the longer-term evidence is still effectively absent.

Source data date: as of 18 Sep 2026

Should you BUY or HOLD Mirae Asset Nifty200 Momentum 30 Plus 8-13yr G-Sec 75:25 Index?

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 Nifty200 Momentum 30 Plus 8-13yr G-Sec 75:25 Index Fund Direct Growth Plan	0%	0%	0%
HDFC CRISIL-IBX Financial Services 9-12 Months Debt Index Fund Direct Growth Plan	Data not available	Data not available	Data not available
Axis Nifty50 Equal Weight Index Fund Direct Growth Plan	Data not available	Data not available	Data not available
Axis Nifty Energy Index Fund Direct Growth Plan	Data not available	Data not available	Data not available
Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund Direct Growth Plan	Data not available	Data not available	Data not available
SBI CRISIL-IBX 10:90 Gilt+SDL Index-Dec 2029 Index Fund Direct Growth Plan	Data not available	Data not available	Data not available

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

The peer table is limited here because the available comparison set does not provide usable multi-period return figures for most schemes. On the figures that are available, the current fund’s 1-year reading is not meaningfully better or worse than the broader set because the peer cells are unavailable. That means the short-term comparison does not give a decisive edge. The longer-horizon comparison is also not yet informative for this fund, because its own 3-year and 5-year numbers are still not established in a usable way.

Source data date: as of 18 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
6.48% Government of India (MD 06/10/2035)	Government Securities	22.61%
Laurus Labs Ltd.	Healthcare	4.45%
Multi Commodity Exchange of India Ltd.	Finance	4.38%
Shriram Finance Ltd.	Finance	3.99%
Hindalco Industries Ltd.	Non – Ferrous Metals	3.81%
Tata Steel Ltd.	Iron & Steel	3.55%
Cummins India Ltd.	Automobile & Ancillaries	3.36%
NTPC Ltd.	Power	3.36%
Ge Vernova T&D India Ltd.	Capital Goods	3.22%
Vedanta Ltd.	Non – Ferrous Metals	3.22%

The largest holding is the 6.48% Government of India security at 22.61%, which is a meaningful anchor for a portfolio that also holds a string of mid-sized equity positions. The step-down after the largest line is fairly sharp: the next nine holdings sit between 4.45% and 3.22%, so the visible book is not evenly spread across the top names.

The top 10 holdings account for approximately 55.95% of the portfolio. That suggests a moderate concentration in the disclosed holdings, with the largest position likely to have greater influence than any single stock in the middle of the list. Because the table shows 33 holdings in total, the remaining positions may still matter, but the disclosed top slice already carries a substantial share of the scheme.

To see all holdings, visit the Mirae Asset Nifty200 Momentum 30 Plus 8-13yr G-Sec 75:25 Index Fund Direct Growth Plan page

Source data date: as of 18 Sep 2026

Who should invest

This fund suits investors who can tolerate High Risk and are comfortable with a strategy that is still in its early stages. The main fit is a longer investment horizon, because the current performance record is too short to judge how it behaves through different market phases. The short-term reading is slightly better than the benchmark, but the lack of meaningful 3-year and 5-year history means investors must accept uncertainty around consistency.

In our view, the trade-off is between an interesting portfolio structure and limited track record. Investors who want clearer evidence of repeatable behaviour may wait for more history, while those who can tolerate early-stage variability may use it as a satellite allocation rather than the core of a portfolio.

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: No exit load.

Source data date: as of 18 Sep 2026

Frequently asked questions

What is the current NAV of Mirae Asset Nifty200 Momentum 30 Plus 8-13yr G-Sec 75:25 Index Fund Direct Growth Plan?

The current NAV is ₹10.0898 as of 18 Sep 2026.

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

The fund’s 1-year, 3-year and 5-year returns are 0%, 0% and 0%.

How has the fund done versus Nifty 50 recently?

Over 1 month, the fund returned -1.45% versus -3.73% for Nifty 50. That shows the fund held up better than the benchmark in the latest short window.

Who manages the fund?

The fund is managed by Ekta Gala and Pranavi Kulkarni.

What is the exit load?

There is no exit load.

What is the fund’s risk category and portfolio style?

The fund is tagged High Risk. Its disclosed top holding is a 22.61% government security, followed by a mix of equity holdings across healthcare, finance, metals, industrials and utilities.

Bottom line

This fund is still too new for its longer-term return record to be useful, so the current picture rests mainly on short-term behaviour and portfolio structure. The latest 1-month performance has been less negative than the benchmark, but the 1-year, 3-year and 5-year numbers are not yet established in a meaningful way. The portfolio is led by a large government-security position and then a fairly visible spread across the next ten holdings, which suggests a concentrated top slice within a still-developing scheme.

Published on 21 September 2026 at 10:37 AM 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.