Mirae Asset S&P 500 Top 50 ETF FoF Fund Analyst Review: NAV, Returns and Key Insights 2026

The Mirae Asset S&P 500 Top 50 ETF FoF Fund Direct Growth plan has posted a strong 1-year return of 50.42%, backed by a 3-month gain of 16.51%. With an AUM of Rs 816.81 crore and a current NAV of Rs 29.51, 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 S&P 500 Top 50 ETF FoF Fund?

The Mirae Asset S&P 500 Top 50 ETF FoF Fund is a domestic Fund-of-Fund scheme that invests in units of other Indian mutual fund schemes, providing diversified multi-fund exposure within a single investment vehicle. Classified under FoFs Domestic with a Very High risk rating, it is designed for investors who prefer a professionally curated multi-fund approach without managing multiple individual schemes.

Mirae Asset S&P 500 Top 50 ETF FoF Fund NAV and AUM

The current NAV of the Mirae Asset S&P 500 Top 50 ETF FoF Fund Direct Growth plan is Rs 29.51. NAV is updated each trading day and reflects the closing market prices of the fund’s underlying securities. 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 816.81 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 S&P 500 Top 50 ETF FoF Fund Returns: Performance Snapshot

Period	Returns
1 Month	7.52%
3 Months	16.51%
1 Year	50.42%
3 Years (Annualised)	39.64%
5 Years (Annualised)	Not Available

The Mirae Asset S&P 500 Top 50 ETF FoF Fund has delivered strong multi-period returns with 50.42% over one year and 16.51% 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 S&P 500 Top 50 ETF FoF Fund Direct Growth plan carries an expense ratio of 0.56% per annum, a competitive figure for its fund category. A lower expense ratio means a larger proportion of gross returns is retained by the investor. Combined with the direct plan’s elimination of distributor commissions, this provides a strong cost-to-value proposition over a long investment horizon.

Who Should Invest in Mirae Asset S&P 500 Top 50 ETF FoF Fund?

The Mirae Asset S&P 500 Top 50 ETF FoF Fund suits investors seeking diversified domestic mutual fund exposure through a single investment. The fund carries a Very High risk rating and requires a minimum 5-year horizon. The minimum SIP is Rs 99 and the minimum lumpsum is Rs 5000. Conservative investors should avoid this fund. It is best used as part of a broader portfolio strategy rather than as a standalone holding.

Key Risks to Consider

Double Expense Layer: FoFs incur costs at both the underlying scheme level and the FoF scheme level, which can reduce effective net returns compared to direct scheme investments.

Manager Selection Risk: Returns depend on the quality of the underlying fund selections. A poor-performing set of underlying schemes can undermine overall portfolio outcomes even if broader markets do well.

Over-Diversification Risk: Investing across too many underlying funds can lead to over-diversification, where the portfolio’s returns trend toward the market average without the benefit of concentrated outperformance.

Valuation Risk: Elevated valuations in the underlying investment universe can reduce future return potential even if the fundamental business performance of portfolio companies remains strong.

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Conclusion

The Mirae Asset S&P 500 Top 50 ETF FoF Fund has demonstrated consistent and strong returns backed by a solid AUM of Rs 816.81 crore and a competitive expense ratio of 0.56%. The 1-year return of 50.42% 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 S&P 500 Top 50 ETF FoF Fund?

Ans. The current NAV of the Mirae Asset S&P 500 Top 50 ETF FoF Fund Direct Growth plan is Rs 29.51. 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 S&P 500 Top 50 ETF FoF Fund?

Ans. The fund has delivered a 1-year return of 50.42% and a 3-month return of 16.51%. The 3-year annualised return is 39.64% 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 S&P 500 Top 50 ETF FoF Fund Direct Growth?

Ans. The expense ratio of the Mirae Asset S&P 500 Top 50 ETF FoF Fund Direct Growth plan is 0.56% 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 exposure to a specific market segment or investment theme. 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 a domestic Fund-of-Fund investing in other Indian mutual fund schemes. It falls under the FoFs Domestic 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.