Mirae Asset BSE 200 Equal Weight ETF Fund of Fund vs Mirae Asset Multi Factor Passive FOF
Direct Plan, Growth option · Data as on 30-10-2026
Mirae Asset BSE 200 Equal Weight ETF Fund of Fund is a Fund of Funds fund and Mirae Asset Multi Factor Passive FOF is a Fund of Funds fund. In the year to 30-10-2026, Mirae Asset BSE 200 Equal Weight ETF Fund of Fund (Direct) returned −5.6% and Mirae Asset Multi Factor Passive FOF (Direct) returned −3.1%. Mirae Asset BSE 200 Equal Weight ETF Fund of Fund charges 0.11% a year and Mirae Asset Multi Factor Passive FOF 0.09% (Direct plans). Their portfolios overlap 11.2%: they hold 1 of the same security.
Mirae Asset BSE 200 Equal Weight ETF Fund of Fund
Fund of Funds
- 1 year return
- −5.6%
- Expense ratio
- 0.11%
- NAV
- ₹10.90
Mirae Asset Multi Factor Passive FOF
Fund of Funds
- 1 year return
- −3.1%
- Expense ratio
- 0.09%
- NAV
- ₹10.28
Which is better, Mirae Asset BSE 200 Equal Weight ETF Fund of or Mirae Asset Multi Factor Passive FOF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Mirae Asset Multi Factor Passive FOF returned more over 1 year: −3.1% against −5.6%.
- Mirae Asset Multi Factor Passive FOF costs less: 0.09% a year against 0.11% (Direct plans).
- Mirae Asset Multi Factor Passive FOF fell less in its worst fall since 01-09-2025: −12.5% against −13.5%.
- Mirae Asset Multi Factor Passive FOF is the larger fund: ₹29 Cr against ₹7 Cr.
- Their portfolios overlap 11.2%: 1 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Mirae Asset BSE 200 Equal Weight ETF Fund of Fund | Mirae Asset Multi Factor Passive FOF |
|---|---|---|
| Fund house | Mirae Asset Mutual Fund | Mirae Asset Mutual Fund |
| Category | Fund of Funds | Fund of Funds |
| AUM | ₹7 Cr (30-09-2026) | ₹29 Cr (30-09-2026) |
| NAV | ₹10.90 (Direct) | ₹10.28 (Direct) |
| Expense ratio (Direct) | 0.11% | 0.09% |
| Expense ratio (Regular) | 0.64% | 0.66% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 200 Equal Weight TRI | Nifty 500 TRI |
| Launch date | 18-03-2025 | 29-08-2025 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Ekta Gala, amp, Akshay Udeshi | Ritesh Patel |
| Exit load | Exit load of 0.05%, if redeemed within 15 days. | Exit load of 0.05%, if redeemed within 5 days. |
Mirae Asset BSE 200 Equal Weight ETF Fund of vs Mirae Asset Multi Factor Passive FOF: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Mirae Asset BSE 200 Equal Weight ETF Fund of Fund (Direct) | −2.62% | −7.95% | −4.19% | −5.61% | -- | -- | -- |
| Mirae Asset Multi Factor Passive FOF (Direct) | −1.15% | −4.74% | −3.46% | −3.08% | -- | -- | -- |
Mirae Asset BSE 200 Equal Weight ETF Fund of vs Mirae Asset Multi Factor Passive FOF: Year-wise Returns
| Year | BSE 200 Equal Weight ETF Fund ofMirae Asset BSE 200 Equal Weight ETF Fund of | Multi Factor Passive FOFMirae Asset Multi Factor Passive FOF |
|---|---|---|
| 2026to date | −5.72% | −3.11% |
Mirae Asset BSE 200 Equal Weight ETF Fund of vs Mirae Asset Multi Factor Passive FOF: Rolling Returns
Every holding period of both funds, against BSE 200 EQUAL WEIGHT TRI, the benchmark of Mirae Asset BSE 200 Equal Weight ETF Fund of Fund
Rolling returns
Every 1-year holding period, 39 of them, one for each trading day from 01-09-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Mirae Asset BSE 200 Equal Weight ETF Fund of Fund (Direct)
Mirae Asset Multi Factor Passive FOF (Direct)
BSE 200 EQUAL WEIGHT TRI
to
Sept 2026Sept 2025
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Sept 2026Sept 2025
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Sept 2026Oct 2025
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Oct 2026Oct 2025
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Oct 2026Oct 2025
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Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mirae Asset BSE 200 Equal Weight ETF Fund of | 46.2 | 35.9 | 17.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.4% | 0.9% | −7.0% | 7.4% | 0% |
| Mirae Asset Multi Factor Passive FOF | 35.0 | 47.5 | 17.5 | 0.0 | 0.0 | 0.0 | 0.0 | 1.4% | 1.5% | −6.1% | 7.2% | 80% |
| BSE 200 EQUAL WEIGHT TRI | 43.6 | 38.5 | 17.9 | 0.0 | 0.0 | 0.0 | 0.0 | 1.0% | 1.5% | −6.3% | 8.1% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is BSE 200 EQUAL WEIGHT TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 01-09-2025. Past returns do not promise future returns.
Mirae Asset BSE 200 Equal Weight ETF Fund of vs Mirae Asset Multi Factor Passive FOF: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-09-2025 to 30-10-2026: 14 instalments, ₹1,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Mirae Asset BSE 200 Equal Weight ETF Fund ofMirae Asset BSE 200 Equal Weight ETF Fund of Fund (Direct) | ₹1,40,000 | ₹1,34,571 | −₹5,429 | −6.2% |
| Mirae Asset Multi Factor Passive FOFMirae Asset Multi Factor Passive FOF (Direct) | ₹1,40,000 | ₹1,37,675 | −₹2,325 | −2.7% |
Mirae Asset BSE 200 Equal Weight ETF Fund ofMirae Asset BSE 200 Equal Weight ETF Fund of Fund (Direct)
Mirae Asset Multi Factor Passive FOFMirae Asset Multi Factor Passive FOF (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Mirae Asset BSE 200 Equal Weight ETF Fund of vs Mirae Asset Multi Factor Passive FOF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Mirae Asset BSE 200 Equal Weight ETF Fund of Fund (Direct) | Mirae Asset Multi Factor Passive FOF (Direct) |
|---|---|---|
| Return (CAGR) | −5.61% | −3.08% |
| Standard deviation | 14.96% | 14.89% |
| Sharpe ratio | -0.73 | -0.56 |
| Sortino ratio | -0.95 | -0.76 |
| Maximum drawdown | −13.5% (30-03-2026) | −12.5% (30-03-2026) |
| Beta | 0.96 | 1.00 |
| Alpha | −0.92% | +4.53% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Mirae Asset BSE 200 Equal Weight ETF Fund of Fund (Direct) | Mirae Asset Multi Factor Passive FOF (Direct) |
|---|---|---|
| Return (CAGR) | +4.62% | +1.17% |
| Standard deviation | 16.91% | 14.15% |
| Sharpe ratio | -0.05 | -0.29 |
| Sortino ratio | -0.07 | -0.39 |
| Maximum drawdown | −13.5% (30-03-2026) | −12.5% (30-03-2026) |
| Beta | 0.99 | 1.00 |
| Alpha | −0.98% | +3.32% |
From daily NAVs, 19-03-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Mirae Asset BSE 200 Equal Weight ETF Fund of Fund (Direct)
Mirae Asset Multi Factor Passive FOF (Direct)
BSE 200 EQUAL WEIGHT TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Mirae Asset BSE 200 Equal Weight ETF Fund of Fund (Direct) | −13.5% | 07-01-2026 | 30-03-2026 | 06-07-2026 | 3 months | −9.4% |
| Mirae Asset Multi Factor Passive FOF (Direct) | −12.5% | 11-02-2026 | 30-03-2026 | 07-05-2026 | 38 days | −6.8% |
| BSE 200 EQUAL WEIGHT TRI | −13.5% | 07-01-2026 | 30-03-2026 | 18-06-2026 | 3 months | −9.4% |
From daily values since 01-09-2025, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Mirae Asset BSE 200 Equal Weight ETF Fund of Fund (Direct)
Mirae Asset Multi Factor Passive FOF (Direct)
BSE 200 EQUAL WEIGHT TRI
Against BSE 200 EQUAL WEIGHT TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Mirae Asset BSE 200 Equal Weight ETF Fund of Fund (Direct) | 94% | 98% | 0.74% |
| Mirae Asset Multi Factor Passive FOF (Direct) | 93% | 81% | 3.19% |
From month-end values since 01-09-2025. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Mirae Asset BSE 200 Equal Weight ETF Fund of vs Mirae Asset Multi Factor Passive FOF: Portfolio Overlap
From each fund's latest monthly portfolio: Mirae Asset BSE 200 Equal Weight ETF Fund of Fund, September 2026; Mirae Asset Multi Factor Passive FOF, September 2026
Holdings in common
- Overlap
- 11.2%
- Held by both
- 1
- Only in Mirae Asset BSE 200 Equal Weight ETF Fund of
- 0
- Only in Mirae Asset Multi Factor Passive FOF
- 7
| Security | % of Mirae Asset BSE 200 Equal Weight ETF Fund of | % of Mirae Asset Multi Factor Passive FOF |
|---|---|---|
| Mirae Asset BSE 200 Equal Weight ETF | 99.15% | 11.19% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 11.2% means 11.2% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Mirae Asset BSE 200 Equal Weight ETF Fund of Fund
Every holding of this fund is also held by the other.
Largest holdings only in Mirae Asset Multi Factor Passive FOF
| Security | % of fund |
|---|---|
| Mirae Asset Nifty 200 Alpha 30 ETF | 19.56% |
| Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF | 14.98% |
| Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF | 14.28% |
| Mirae Asset Nifty 50 Equal Weight ETF | 11.42% |
| Mirae Asset BSE 500 Dividend Leaders 50 ETF - Regular Plan - Growth | 11.34% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Mirae Asset BSE 200 Equal Weight ETF Fund of | Mirae Asset Multi Factor Passive FOF |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 100.0% | 100.0% |
Mirae Asset BSE 200 Equal Weight ETF Fund of vs Mirae Asset Multi Factor Passive FOF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mirae Asset BSE 200 Equal Weight ETF Fund of Fund | Mirae Asset Multi Factor Passive FOF |
|---|---|---|
| Total expense ratio (Direct) | 0.11% | 0.09% |
| Base expense ratio (Direct) | 0.08% | 0.04% |
| Total expense ratio (Regular) | 0.64% | 0.66% |
| Base expense ratio (Regular) | 0.53% | 0.52% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
Mirae Asset BSE 200 Equal Weight ETF Fund of Fund vs Mirae Asset Multi Factor Passive FOF: Frequently Asked Questions
What is the difference between Mirae Asset BSE 200 Equal Weight ETF Fund of Fund and Mirae Asset Multi Factor Passive FOF?
Mirae Asset BSE 200 Equal Weight ETF Fund of Fund is a Fund of Funds fund, Mirae Asset Multi Factor Passive FOF is a Fund of Funds fund, run by Mirae Asset Mutual Fund. Their portfolios overlap 11.2%. Mirae Asset BSE 200 Equal Weight ETF Fund of Fund charges 0.11% a year and Mirae Asset Multi Factor Passive FOF 0.09%.
Which has given higher returns, Mirae Asset BSE 200 Equal Weight ETF Fund of Fund or Mirae Asset Multi Factor Passive FOF?
Over 1 year: Mirae Asset BSE 200 Equal Weight ETF Fund of Fund −5.61%, Mirae Asset Multi Factor Passive FOF −3.08%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Mirae Asset BSE 200 Equal Weight ETF Fund of Fund or Mirae Asset Multi Factor Passive FOF?
Mirae Asset Multi Factor Passive FOF charges less: 0.09% a year against 0.11%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Mirae Asset BSE 200 Equal Weight ETF Fund of Fund and Mirae Asset Multi Factor Passive FOF overlap?
11.2%. They hold 1 of the same securities, the largest shared ones being EQUAL200. From each fund's latest monthly portfolio.
Which is riskier, Mirae Asset BSE 200 Equal Weight ETF Fund of Fund or Mirae Asset Multi Factor Passive FOF?
On SEBI's riskometer, Mirae Asset BSE 200 Equal Weight ETF Fund of Fund is rated Very High and Mirae Asset Multi Factor Passive FOF Very High. Over 1 years, the standard deviation of daily returns was 14.96% and 14.89% a year.
Can I invest in both Mirae Asset BSE 200 Equal Weight ETF Fund of Fund and Mirae Asset Multi Factor Passive FOF?
Yes. 11.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Mirae Asset BSE 200 Equal Weight ETF Fund of Fund and Mirae Asset Multi Factor Passive FOF?
Mirae Asset BSE 200 Equal Weight ETF Fund of Fund: Ekta Gala, amp, Akshay Udeshi. Mirae Asset Multi Factor Passive FOF: Ritesh Patel.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.