Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF
- NAV as on 24 Sep 2026
- ₹10.16-1.13%1 day
- Return since launch
- 1.8%
- 52-week range
- ₹8.52 — ₹10.51
- AUM
- ₹293 Cr
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF is a Mid Cap Index equity fund from Mirae Asset Mutual Fund with ₹293 Cr under management, launched in 2024. The expense ratio is 0.62% and the SEBI riskometer reading is Very High.
Performance
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +4.9% against +2.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 7.4% | +3.6 pts | 3.8% | 1.6% |
| 2Y | 3.8% | −0.2 pts | 3.9% | 3.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -2.5% | +1.7 pts | -4.1% | -4.5% |
| 3M | -0.3% | +1.0 pts | -1.3% | -1.2% |
| 6M | 13.1% | +3.1 pts | 10.0% | 10.2% |
| 1Y | 4.9% | +1.1 pts | 3.8% | 2.8% |
| 2Y | -4.2% | −2.7 pts | -1.4% | -1.2% |
Since launch (10 May 2024): 1.8%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | -8.2% | −11.5 pts | 3.3% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.62%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.52%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.10%
- Exit load
- Exit load of 0.05%, if redeemed within 15 Days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- Nifty MidSmallcap400 Momentum Quality 100 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
Portfolio
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity100.0%
Market cap split
- Large11.6%
- Mid63.7%
- Small24.7%
- P/E
- 30.03
- P/B
- 5.39
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF - Growth | Unclassified | 100.07% | ₹294 Cr | +99.99% | +99.95% | +99.74% |
| Others | Others | -0.07% | ₹-0.21 Cr | -0.29% | -0.22% | -0.08% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | -0.81% | -0.21% | +0.59% |
| Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF - Growth | 100.01% | 100.07% | +0.06% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹1,912 Cr | 0.99% | 3.4% | 7.7% | 14.6% |
 Motilal Oswal Nifty Midcap 150 Index Fund | ₹4,151 Cr | 1.09% | 3.0% | 7.5% | 14.6% |
 Nippon India Nifty Midcap 150 Index Fund | ₹2,845 Cr | 0.88% | 3.2% | 7.6% | 14.7% |
 SBI Nifty Midcap 150 Index Fund | ₹1,292 Cr | 0.89% | 3.3% | 7.6% | — |
 Axis Nifty Midcap 50 Index Fund | ₹772 Cr | 1.10% | 4.5% | 8.6% | — |
 Aditya Birla Sun Life Nifty Midcap 150 Index Fund | ₹503 Cr | 1.00% | 3.0% | 7.5% | 14.6% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF. There is no assurance that the investment objective of the Scheme will be realized.
Fund managers
- Akshay UdeshiMr. Udeshi has done B.E (Electronics) and MBA (Finance)Prior to joining Mirae Asset Mutual Fund, he was assocaited with Reliance Retail Ltd. and L&T Financial Services
- Ekta GalaMs. Gala is a B.Com & Inter CA (IPCC)Prior to joining Mirae Asset Mutual Fund, she has worked with ICICI Prudential Asset Management Company Ltd.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months13.11% absolute | ₹60,000 | ₹67,866 | 13.11% | |
| 1 year4.91% annualised | ₹1,20,000 | ₹1,23,240 | 2.70% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.