ReviewDirect · GrowthPrefer peers first
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund
Mirae Asset Mutual FundFund of Funds Scheme (Domestic) - Fund of Funds Scheme (Domestic)5.9 years
The scheme seeks to provide long-term capital appreciation from a portfolio investing predominantly in units of Mirae Asset ESG Sector Leaders ETF.
- NAV
- 17.273
- 29 Oct 2026
- 1Y
- -12.3%
- Trailing CAGR
- AUM
- ₹75.34 Cr
- 30 Sept 2026
- Volatility
- Medium
- 14.0% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 28 Oct 2026
Stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
In three lines
Watch if · Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
Watch if · Recent return trails the category median by 3 percentage points or more, with a weak rolling win rate.
Prefer peers if · Prefer Mirae Asset Hang Seng TECH ETF Fund of Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
5.9 years of path to read.
Engine status
Fail
The live read flags issues. Inspect same-category alternatives before buying.
Expense ratio
Pass
0.10% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -17.9%. Ask whether you can hold through a similar fall.
Vs category
Fail
20% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Sudip Shere · 0.1 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Watch
Top 10 holdings ≈ 100.0% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
SIP discipline
Review does not mean stop the SIP tomorrow - compare peers first. Stopping on a red label often locks in the worst path.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-12.3%
- 3Y+7.1%
- 5Y+5.0%
- 10Yn/a
- SI+9.6%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-12.8%
- 3Y-2.1%
- 5Y+3.9%
- 10Yn/a
- Since inception
- +9.6%
- Calendar-day CAGR
- Excess 1Y
- -16.8%
- Category median, same plan and option
- 3Y win rate
- +20%
- Windows beating the median
- 3Y percentile
- 6
- Vs comparable share classes
- SIP 3Y XIRR
- -2.1%
- Simulated monthly SIP
- Worst rolling 3Y
- +5.2%
- 725 daily-ending windows
- Median rolling 3Y
- +12.7%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 233 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -17.9%
- Worst peak-to-trough
- Current
- -14.2%
- Below last peak
- Current spell
- 299 days
- Days below latest peak
- Time below peak
- +89%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 15 days
- 60 recovered episodes
- Longest recovery
- 261 days
- Trough to prior peak
18 Oct 2021 – 1 Dec 2022
Trough 20 Jun 2022 · recovered in 164 days
-17.9%
27 Sept 2024 – 20 Nov 2025
Trough 4 Mar 2025 · recovered in 261 days
-16.5%
2 Jan 2026 – open
Trough 30 Mar 2026 · not recovered
-15.8%
1 Dec 2022 – 6 Jul 2023
Trough 16 Mar 2023 · recovered in 112 days
-11.8%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
6
Vs category
0
Consistency
27
Risk-adjusted
41
Drawdown
55
Mean
26
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Review
Buying stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
- Recent return trails the category median by 3 percentage points or more, with a weak rolling win rate.
- Three-year return sits below the 25th percentile of comparable share classes.
Supporting reads
No supporting reads in the current evidence set.
Portfolio
30 Sept 2026 · 2 holdings · top 10 are 100.0%.
- Top 5
- 100.0%
- Top 10
- 100.0%
- Largest holding
- 100.0%
- Effective holdings
- 1.0
Mirae Asset ESG Sector Leaders ETF Regular - Growth
Unspecified
100.0%
Repo
Unspecified
0.1%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
28 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
27 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
26 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
19 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
16 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
24 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Mirae Asset Hang Seng TECH ETF Fund of Fund
Mirae Asset Mutual Fund
- 1Y
- -25.4%
- 3Y
- +14.3%
- Vol
- 36.5%
- Max DD
- -47.8%
- Sharpe
- 0.04
- 3Y win
- +34%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Mirae Asset S&P 500 Top 50 ETF Fund of Fund
Mirae Asset Mutual Fund
- 1Y
- +42.9%
- 3Y
- +46.3%
- Vol
- 28.2%
- Max DD
- -29.9%
- Sharpe
- 0.85
- 3Y win
- +100%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Aditya Birla Sun Life Silver ETF FOF
Aditya Birla Sun Life Mutual Fund
- 1Y
- +38.5%
- 3Y
- +37.2%
- Vol
- 34.3%
- Max DD
- -48.6%
- Sharpe
- 0.69
- 3Y win
- +85%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER
Axis Multi Factor Passive FoF
Axis Mutual Fund
- 1Y
- -7.5%
- 3Y
- +7.8%
- Vol
- 12.4%
- Max DD
- -22.0%
- Sharpe
- 0.24
- 3Y win
- +0%
- Lower volatility
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
Axis Silver Fund of Fund
Axis Mutual Fund
- 1Y
- +37.9%
- 3Y
- +37.6%
- Vol
- 35.1%
- Max DD
- -48.8%
- Sharpe
- 0.89
- 3Y win
- +100%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER