MonitorDirect · GrowthWatch before adding
Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF Fund of Fund
Mirae Asset Mutual FundFund of Funds Scheme (Domestic) - Fund of Funds Scheme (Domestic)2.7 years
The scheme seeks to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF. There is no assurance that the investment objective of the Scheme will be realized.
- NAV
- 10.343
- 29 Oct 2026
- 1Y
- +1.0%
- Trailing CAGR
- AUM
- ₹251.26 Cr
- 30 Sept 2026
- Volatility
- High
- 20.1% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Recent return trails the category median by 3 percentage points or more, with a weak rolling win rate.
Fits if · Risk-adjusted return (Sharpe) is negative over the available daily history.
Prefer peers if · Prefer Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Fail
2.7 years - thin for judging consistency.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.08% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -30.9%. Ask whether you can hold through a similar fall.
Vs category
n/a
Category relative read still thin.
Manager tenure
Watch
Ritesh Patel · 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
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
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+1.0%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- SI+1.0%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+9.6%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- Since inception
- +1.0%
- Calendar-day CAGR
- Excess 1Y
- -3.6%
- Category median, same plan and option
- 3Y win rate
- n/a
- Windows beating the median
- 3Y percentile
- n/a
- Vs comparable share classes
- SIP 3Y XIRR
- n/a
- Simulated monthly SIP
- Worst rolling 3Y
- n/a
- 0 daily-ending windows
- Median rolling 3Y
- n/a
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -30.9%
- Worst peak-to-trough
- Current
- -14.3%
- Below last peak
- Current spell
- 821 days
- Days below latest peak
- Time below peak
- +96%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 10 days
- 7 recovered episodes
- Longest recovery
- 25 days
- Trough to prior peak
30 Jul 2024 – open
Trough 23 Mar 2026 · not recovered
-30.9%
4 Mar 2024 – 3 Apr 2024
Trough 13 Mar 2024 · recovered in 21 days
-10.7%
26 Apr 2024 – 7 Jun 2024
Trough 13 May 2024 · recovered in 25 days
-6.2%
16 Jul 2024 – 30 Jul 2024
Trough 23 Jul 2024 · recovered in 7 days
-3.8%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
24
Vs category
28
Consistency
2
Risk-adjusted
18
Drawdown
23
Mean
19
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Recent return trails the category median by 3 percentage points or more, with a weak rolling win rate.
- Risk-adjusted return (Sharpe) is negative over the available daily history.
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 Nifty Smallcap 250 Momentum Quality 100 ETF - Growth
Unspecified
100.0%
Repo
Unspecified
0.1%
What changed
DECISION
Status moved from REVIEW to MONITOR.
27 Oct 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund
Mirae Asset Mutual Fund
- 1Y
- -11.9%
- 3Y
- +7.4%
- Vol
- 14.0%
- Max DD
- -17.9%
- Sharpe
- 0.33
- 3Y win
- +20%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
UTI Income Plus Arbitrage Active Fund of Fund
UTI Mutual Fund
- 1Y
- +4.8%
- 3Y
- n/a
- Vol
- 0.9%
- Max DD
- -0.3%
- Sharpe
- -0.36
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
Axis Multi Factor Passive FoF
Axis Mutual Fund
- 1Y
- -7.3%
- 3Y
- +8.0%
- Vol
- 12.4%
- Max DD
- -22.0%
- Sharpe
- 0.25
- 3Y win
- +0%
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns
Baroda BNP Paribas Gold ETF Fund of Fund
Baroda BNP Paribas Mutual Fund
- 1Y
- +16.3%
- 3Y
- n/a
- Vol
- 33.1%
- Max DD
- -26.0%
- Sharpe
- 0.86
- 3Y win
- n/a
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER
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