Mirae Asset MidSmallcap400 Momentum Quality ETF Review
By Market Desk
Explore the Mirae Asset Nifty MidSmallcap400 Momentum Quality ETF Fund of Funds. Discover its AUM, expense ratio, returns, and taxation rules.
The Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Fund of Funds (Direct Plan) is an investment vehicle managed by Mirae Asset Investment Managers (India) Private Limited. It officially launched with an inception date of May 30, 2024.
Key Fund Metrics and Performance
As of September 24, 2026, the fund’s portfolio details and operational statistics are clearly defined by the management team.
Key financial details include:
Fund AUM stands at ₹293 Cr as of September 24, 2026.
Net Asset Value is recorded at ₹10.29.
The expense ratio is set at 0.12%.
The minimum systematic investment plan requirement is ₹99.
The 1-year annualized return reported by the fund is 5.01%.
Fund Management and Operational Rules
The fund is actively managed by designated professionals who oversee its allocation strategy and daily operations.
Operational details include:
The fund is managed by Ekta Gala and Akshay Udeshi.
Redemptions made within one year are taxed according to the investor’s income tax slab.
Holdings maintained for more than one year are subject to a 12.5% tax rate.
An exit load of 0.05% applies to redemptions made on or before 15 days, with zero exit load thereafter.