Mirae Asset Nifty India Manufacturing Etf Fund Of Fund

Review Date: 13-03-2025

A review of the different performance parameters of the fund is as follows:

1. Returns: It denotes the rise in the investment's worth during the investment period, expressed as a percentage or a monetary value. As part of our analysis, we evaluated five return parameters of this fund. We have classified the return parameters into three performance groups: the top 25%, parameters that fall below the top 25% but remain above average, and parameters that are below average. The performance of each parameter is outlined below.
   1. Top 25%: The Mirae Asset Nifty India Manufacturing ETF Fund of Fund has one return parameter in the top 25% in the category, as shown below:
      
      • 3Y Return %
   2. Above Average Below the Top 25%: The fund does not have any return parameter which is above average but below the top 25%.
   3. Below Average: Mirae Asset Nifty India Manufacturing ETF Fund of Fund has four return parameters that are below average in the category, which are listed below:
      
      • 1Y Return %
      • 1M Return %
      • 3M Return %
      • 6M Return %
2. Risk: It signifies the potential for financial loss or the failure to achieve anticipated returns due to diverse elements. We have analyzed two risk parameters of Mirae Asset Nifty India Manufacturing ETF Fund of Fund, and divided it into three groups the lowest 25%, below average but above the lowest 25%, and above average. More details are provided below.
   1. Lowest 25%: Mirae Asset Nifty India Manufacturing ETF Fund of Fund does not have any risk parameters in the lowest 25% of the category. It means high risk compared to other funds in the category.
   2. Below Average but Above the Lowest 25%: Mirae Asset Nifty India Manufacturing ETF Fund of Fund does not have any risk parameters in the below average but above the lowest 25% of the category.
   3. Above Average: Mirae Asset Nifty India Manufacturing ETF Fund of Fund has two parameters that are above average which are listed below:
      • Standard Deviation: It is a measure of the dispersion of a set of data from its mean. It is calculated as the square root of variance by determining the variation between each data point relative to the mean. The higher the standard deviation, the greater the risk. The standard deviation of the fund is 16.29 %.
      • Semi-Deviation: It is a measure of the dispersion of a set of data from its mean. It is calculated as the square root of variance by determining the variation between each data point relative to the mean. The higher the semi-deviation, the greater the risk. The semi-deviation of the fund is 12.07 %.
3. Risk Adjusted Performance Parameters: In mutual funds, risk-adjusted performance parameters are evaluation tools that gauge the returns of an investment against the risk taken. They assist investors in comparing various investments, factoring in both risk and returns. We have evaluated four risk-adjusted performance parameters of the fund.
   1. Top 25% Risk Adjusted Performance Parameters: The fund does not have any risk-adjusted performance parameters that are in the top 25% of the category.
   2. Above Average Below Top 25% Risk Adjusted Performance Parameters: Mirae Asset Nifty India Manufacturing ETF Fund of Fund has three risk-adjusted performance parameters of the fund that are in the this group of the category.
      • Sharpe Ratio: Mirae Asset Nifty India Manufacturing ETF Fund of Fund has a Sharpe Ratio of 0.55 compared to the category average of 0.47.
      • Sortino Ratio: Mirae Asset Nifty India Manufacturing ETF Fund of Fund has a Sortino Ratio of 0.27 compared to the category average of 0.26.
      • Treynor Ratio: Mirae Asset Nifty India Manufacturing ETF Fund of Fund has a Treynor Ratio of 0.08 compared to the category average of -0.04.
   3. Below Average Risk Adjusted Performance Parameters: Mirae Asset Nifty India Manufacturing ETF Fund of Fund has one risk-adjusted performance parameter of the fund that is below average in the category.
      • Sterling Ratio: Mirae Asset Nifty India Manufacturing ETF Fund of Fund has a Sterling Ratio of 0.5 compared to the category average of 0.68.

Date	Mirae Asset Nifty India Manufacturing Etf Fund Of Fund NAV Regular Growth	Mirae Asset Nifty India Manufacturing Etf Fund Of Fund NAV Direct Growth
13-03-2025	15.789	15.985
12-03-2025	15.892	16.089
11-03-2025	15.879	16.076
10-03-2025	15.817	16.013
07-03-2025	15.982	16.18
06-03-2025	15.959	16.156
05-03-2025	15.705	15.899
04-03-2025	15.313	15.502
03-03-2025	15.352	15.541
28-02-2025	15.24	15.427
27-02-2025	15.616	15.808
25-02-2025	15.807	16.001
24-02-2025	15.884	16.079
21-02-2025	15.993	16.189
20-02-2025	15.978	16.174
19-02-2025	15.92	16.114
18-02-2025	15.813	16.006
17-02-2025	15.919	16.113
14-02-2025	15.88	16.073
13-02-2025	16.18	16.377