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Moneycontrol
Mutual Funds
Fund of Funds
Mirae Asset Mutual Fund
Mirae Asset Nifty India New Age Consumption ETF Fund of Fund - Direct Plan - Growth

Mirae Asset Nifty India New Age Consumption ETF Fund of Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Fund of Funds

Fund House : Mirae Asset Mutual Fund

Scheme Objective

The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset Nifty India New Age Consumption ETF. The Scheme does not guarantee or assure any returns.

Scheme Details

Fund manager(s) – Akshay Udeshi , Ekta Gala
Launch date – 02-Jan-2025
Expense ratio – 0.28% as declared on 30-Sep-2025 (category average is 0.42%)
Benchmark - Nifty India New Age Consumption TRI

Min SIP amount - ₹
Min investment amount (one time- first time) - ₹
Min investment amount (addtional purchase) - ₹
Type : Open Ended Fund. You can invest any time in this fund.

Exit Load

Mirae Asset Nifty India New Age Consumption ETF Fund of Fund - Direct Plan - Growth charges 0.05% of sell value; if fund sold before 15 days. There are no other charges.

Asset Monitor

Total AUM for this Scheme (Cr)

Category Total AUM (Cr)

% of Assets in Category

16.46

0.00

0.00%

Sep - 2025	16.46	0.00	0.00%
Aug - 2025	15.37	0.00	0.00%
Jul - 2025	14.53	0.00	0.00%
Jun - 2025	14.39	0.00	0.00%
May - 2025	13.57	0.00	0.00%
Apr - 2025	12.94	0.00	0.00%
Mar - 2025	11.97	0.00	0.00%
Feb - 2025	12.62	0.00	0.00%
Jan - 2025	13.18	0.00	0.00%

0.00

0.00

0.00%

Dec - 2024

0.00

0.00

0.00%

Tax Rate

Please check with your Tax Advisor.

Contact Details

Mirae Asset Investment Managers (India) Pvt. Ltd.

Unit 606, 6th Floor, Windsor, Off CST Road, Kalina, Santacruz (E), MUMBAI 400098
Tel no.: 022-67800300
Fax no.: 022-67253942
Website.: www.miraeassetmf.co.in

Forum

NITINPIMPALE
MF Investment Help
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28 days ago

purchase unit will adjust difference in NAV 10.263 View more

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  purchase unit will adjust difference in NAV 10.263
  
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krishna_ksvs
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40 days ago

View more

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The Fixed Income
Bonds
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15 hrs ago

Strengthen Your Investment Portfolio with Fixed 11.45% Returns 11.45% MEGHALAYA ENERGY CORPORATION LIMITED 2030 ✔️ Coupon: 11.45% ✔️ Rating: BRICKWORK (BWR) A-(CE) Stable, Acuite (SMERA) A-(CE) Stable ✔️ Tenor: 4y 3m (Maturity: 13/Feb/2030) Senior Secured Bond | PSU Bond | High Return Bond | Listed Lock in a steady income from the PSU Bond, offering strong yields and stable performance. ???? Explore on The Fixed Income: https://www.thefixedincome.com/product/dXhXdlpnPT0=/1145-meghalaya-energy-corporation-limited-2030?utm_source=Moneycontrol&utm_medium=Forum&utm_campaign=Product_list View more

Posted by : The Fixed Income
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  Strengthen Your Investment Portfolio with Fixed 11.45% Returns 11.45% MEGHALAYA ENERGY CORPORATION LIMITED 2030 ✔️ Coupon: 11.45% ✔️ Rating: BRICKWORK (BWR) A-(CE) Stable, Acuite (SMERA) A-(CE) Stable ✔️ Tenor: 4y 3m (Maturity: 13/Feb/2030) Senior Secured Bond | PSU Bond | High Return Bond | Listed Lock in a steady income from the PSU Bond, offering strong yields and stable performance. ???? Explore on The Fixed Income: https://www.thefixedincome.com/product/dXhXdlpnPT0=/1145-meghalaya-energy-corporation-limited-2030?utm_source=Moneycontrol&utm_medium=Forum&utm_campaign=Product_list
  
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shravanashok
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90 days ago

need your suggestion for sbi psu fund direct growth stay or switch View more

Posted by : shravanashok
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  need your suggestion for sbi psu fund direct growth stay or switch
  
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ravisistla
MF Investment Help
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103 days ago

Dividend last declared by SBI Long Term Equity Fund - regular Plan -IDCW was in the year 2022. Is there any specific reason given by fund managers for non declaration of dividend. Please let me know. View more

Posted by : ravisistla
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  Dividend last declared by SBI Long Term Equity Fund - regular Plan -IDCW was in the year 2022. Is there any specific reason given by fund managers for non declaration of dividend. Please let me know.
  
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sunny85deol
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141 days ago

Hello sir, I have been invested in these funds since 2017. Last SIP was in 2021. As their NAV have grown so I was thinking of switching to other funds with lower NAV. View more

Posted by : sunny85deol
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  Hello sir, I have been invested in these funds since 2017. Last SIP was in 2021. As their NAV have grown so I was thinking of switching to other funds with lower NAV.
  
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