Mirae Asset Nifty Metal ETF FOF
NFO Period: February 10, 2026 – February 23, 2026
Mirae Asset Nifty Metal ETF FOF is a strategic investment vehicle providing diversified exposure to India’s core metal and mining giants. By investing in the underlying Nifty Metal ETF, this FOF offers an accessible route for long-term capital appreciation tied to the nation’s industrial growth.
| Category | Fund of Funds (Domestic) |
|---|---|
| Benchmark | Nifty Metal TRI |
| Minimum Investment | Rs. 5000/- |
| Scheme Type | Open-ended FOF |
Investment Strategy & Comparative Analysis
The fund invests in units of the Mirae Asset Nifty Metal ETF, which tracks the Nifty Metal Index. This index represents companies across steel, aluminum, copper, and other metal sectors.
Index Performance Comparison (as of Dec 31, 2025)
| Index Name | 1-Year Return | 3-Year CAGR | 5-Year CAGR | 10-Year CAGR |
|---|---|---|---|---|
| Nifty Metal TRI | 24.5% | 18.2% | 21.8% | 14.1% |
| Nifty 50 TRI | 16.8% | 14.5% | 15.2% | 12.9% |
Portfolio Composition
Top holdings in the Nifty Metal TRI reflect the powerhouse entities of the Indian commodity landscape.
| Top 10 Holdings (Nifty Metal TRI) | Weight (%) |
|---|---|
| Tata Steel Ltd. | 24.8% |
| JSW Steel Ltd. | 15.2% |
| Hindalco Industries Ltd. | 14.5% |
| Vedanta Ltd. | 10.1% |
| Coal India Ltd. | 9.4% |
| NMDC Ltd. | 5.2% |
| Jindal Steel & Power Ltd. | 4.8% |
| National Aluminium Co. Ltd. | 3.9% |
| Steel Authority of India Ltd. | 3.2% |
| APL Apollo Tubes Ltd. | 2.1% |
Source: NSE Indices and Internal Research. Data as of December 31, 2025.
Investor Suitability
Who Should Invest
- Investors looking for tactical sector exposure.
- Those with a high-risk appetite for cyclical sectors.
- Long-term investors (5+ years).
Who Should Avoid
- Conservative or short-term investors.
- Those seeking steady, low-volatility returns.
- Investors already over-exposed to commodities.
SIP Wealth & Delay Calculator
Frequently Asked Questions
What is the primary objective of Mirae Asset Nifty Metal ETF FOF?
The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset Nifty Metal ETF. The Scheme does not guarantee or assure any returns.
Who should consider investing in Mirae Asset Nifty Metal ETF FOF?
Investors looking for growth potential in the metal and mining sectors through a fund of funds structure should consider Mirae Asset Nifty Metal ETF FOF.
What is the minimum investment for Mirae Asset Nifty Metal ETF FOF?
The minimum initial investment is Rs. 5000 and in multiples of Re. 1 thereafter.
What is the benchmark for Mirae Asset Nifty Metal ETF FOF?
The performance of the fund is benchmarked against the Nifty Metal TRI (Total Return Index).
Is there a lock-in period for Mirae Asset Nifty Metal ETF FOF?
Mirae Asset Nifty Metal ETF FOF is an open-ended scheme; there is no lock-in period, but exit loads may apply as per the Scheme Information Document.
Sushil Bajaj 
+91 931-5120-004
