ReviewDirect · GrowthPrefer peers first
Mirae Asset NYSE FANG + ETF Fund of Fund
Mirae Asset Mutual FundFund of Funds Scheme (Domestic) - Fund of Funds Scheme (Domestic)5.5 years
- NAV
- 50.314
- 29 Oct 2026
- 1Y
- +35.7%
- Trailing CAGR
- AUM
- ₹2,404.86 Cr
- 31 Aug 2026
- Volatility
- High
- 28.2% 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
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
In three lines
Watch if · Maximum drawdown exceeded 35%.
Prefer peers if · Prefer Axis Multi Factor Passive FoF if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
5.5 years of path to read.
Engine status
Fail
The live read flags issues. Inspect same-category alternatives before buying.
Expense ratio
Pass
0.04% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -43.7%. Ask whether you can hold through a similar fall.
Vs category
Pass
100% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
n/a
Manager not listed.
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+35.7%
- 3Y+58.5%
- 5Y+32.8%
- 10Yn/a
- SI+34.3%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+61.2%
- 3Y+50.2%
- 5Y+48.4%
- 10Yn/a
- Since inception
- +34.3%
- Calendar-day CAGR
- Excess 1Y
- +31.2%
- Category median, same plan and option
- 3Y win rate
- +100%
- Windows beating the median
- 3Y percentile
- 100
- Vs comparable share classes
- SIP 3Y XIRR
- +50.2%
- Simulated monthly SIP
- Worst rolling 3Y
- +18.3%
- 591 daily-ending windows
- Median rolling 3Y
- +48.0%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 115 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -43.7%
- Worst peak-to-trough
- Current
- -20.5%
- Below last peak
- Current spell
- 17 days
- Days below latest peak
- Time below peak
- +89%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 14 days
- 64 recovered episodes
- Longest recovery
- 209 days
- Trough to prior peak
8 Nov 2021 – 7 Jun 2023
Trough 10 Nov 2022 · recovered in 209 days
-43.7%
19 Feb 2025 – 7 Jul 2025
Trough 8 Apr 2025 · recovered in 90 days
-30.3%
12 Oct 2026 – open
Trough 29 Oct 2026 · not recovered
-20.5%
31 Oct 2025 – 24 Apr 2026
Trough 1 Apr 2026 · recovered in 23 days
-16.3%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
100
Vs category
100
Consistency
89
Risk-adjusted
77
Drawdown
0
Mean
73
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
- Maximum drawdown exceeded 35%.
Supporting reads
- The fund beat the category median in 100% of rolling 3-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
31 Aug 2026 · 3 holdings · top 10 are 100.0%.
- Top 5
- 100.0%
- Top 10
- 100.0%
- Largest holding
- n/a
- Effective holdings
- n/a
Asset mix
Equity
100.0%
Sectors
Technology
88.6%
Consumer Discretionary
11.4%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
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
Caveat: Higher TER · Lower trailing returns
Groww Nifty 200 ETF FOF
Groww Mutual Fund
- 1Y
- -9.3%
- 3Y
- n/a
- Vol
- 18.3%
- Max DD
- -14.6%
- Sharpe
- 0.09
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
Caveat: Higher TER · Lower trailing returns
Groww Nifty 500 Momentum 50 ETF FOF
Groww Mutual Fund
- 1Y
- -4.5%
- 3Y
- n/a
- Vol
- 17.6%
- Max DD
- -17.3%
- Sharpe
- -0.09
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
Caveat: Higher TER · Lower trailing returns
Groww Nifty EV & New Age Automotive ETF FOF
Groww Mutual Fund
- 1Y
- -5.3%
- 3Y
- n/a
- Vol
- 18.4%
- Max DD
- -31.3%
- Sharpe
- -0.48
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
Caveat: Higher TER · Lower trailing returns
Mirae Asset BSE Select IPO ETF Fund of Fund
Mirae Asset Mutual Fund
- 1Y
- -9.6%
- 3Y
- n/a
- Vol
- 19.5%
- Max DD
- -24.3%
- Sharpe
- 0.02
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
Caveat: Higher TER · Lower trailing returns