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Mirae Asset Nifty India Manufacturing ETF (MAKEINDIA.BO)
About this ETF
The Mirae Asset Nifty India Manufacturing ETF functions as a passively managed investment vehicle, precisely engineered to replicate the Nifty India Manufacturing Index. Its core investment strategy entails allocating capital across the identical securities that comprise the index, maintaining their exact proportionate weightings. To ensure minimal divergence from the underlying index's performance—known as tracking error—the portfolio undergoes systematic rebalancing. These adjustments are prompted by shifts in the index's constituent stock allocations, alongside the fund's ongoing subscriptions and redemptions. Additionally, a segment of the fund's assets may be placed in debt and money market instruments to cover operational liquidity needs.
Price
Top 10 holdings
This fund does not disclose a securities portfolio (e.g. physically-backed or synthetic products).
Sector mix
No sector breakdown available for this fund.
Price chart
Returns
| 1 month | +3.28% |
| 3 months | +6.65% |
| 6 months | +1.85% |
| Year to date | +3.31% |
| 1 year | +9.78% |
| 3 years (ann.) | — |
| 5 years (ann.) | — |
| 10 years (ann.) | — |
Risk profile
| Volatility (1y, ann.) | 15.59% |
| Sharpe (1y) | 0.68 |
| Sharpe (3y) | — |
| Sortino (1y) | 0.95 |
| Max drawdown (1y) | -12.27% |
| Max drawdown (5y) | — |
| Max drawdown (full) | -23.21% |
| Beta vs S&P 500 (1y) | 0.27 |
| Correlation vs S&P 500 (1y) | 0.23 |
Technical outlook as of 2026-07-13
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
This fund does not disclose a securities portfolio (e.g. physically-backed commodity products or some synthetic structures).
Cost vs. peers
Comparison universe: 102 funds of the same asset class.
Cost impact calculator
Dividend history
Accumulating share class Income is reinvested inside the fund instead of being paid out. (inferred from the absence of distributions)
No distributions on record — accumulating share classes reinvest income instead of paying it out.
ESG profile
No ESG estimate available: none of the scored universe overlaps this portfolio (typical for bond, commodity or synthetic funds).
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| ProShares - GENIUS Money Market ETF IQMM | 0.15% | 20.33B | 1.28% | — | — |
| First Trust Enhanced Short Maturity ETF FTSM | 0.29% | 6.50B | 4.14% | -0.18% | -0.15 |
| Direxion Daily MU Bull 2X ETF MUU | 1.01% | 6.00B | 1.00% | +2,707.12% | 2.96 |
| CI High Interest Savings ETF CSAV.TO | 0.15% | 3.22B | 2.19% | 0.00% | 0.00 |
| Fidelity US Quality Income UCITS ETF ACC-GBP (hedged) FUSP.L | 0.30% | 2.68B | — | +20.04% | 1.78 |
| Fidelity US Quality Income UCITS ETF EUR Hedged Acc FUSU.DE | 0.30% | 2.28B | — | +17.51% | 1.57 |
| Purpose Cash Management Fund MNY.TO | 0.20% | 2.05B | 2.54% | 0.00% | 0.00 |
| Fidelity US Quality Income UCITS ETF Acc FUSA.L | 0.25% | 2.00B | — | +20.58% | 1.78 |
| Fidelity US Quality Income UCITS ETF INC-USD FUSD.L | 0.25% | 2.00B | 1.40% | +18.69% | 1.67 |
| Fidelity US Quality Income UCITS ETF INC-USD FUSI.L | 0.25% | 2.00B | 1.41% | +19.39% | 1.90 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| Mirae Asset Nifty Midcap 150 ETF MIDCAPETF.BO | 0.06% | 184.88M | 0.0% |
| Mirae Asset Nifty Next 50 ETF NEXT50.BO | 0.06% | 135.86M | 0.0% |
| iShares Core Cash ETF BILL.AX | 0.07% | 822.15M | 0.0% |
| iShares Enhanced Cash ETF ISEC.AX | 0.12% | 494.38M | 0.0% |
| CI High Interest Savings ETF CSAV.TO | 0.15% | 3.22B | 0.0% |
