Mirae Asset Gold ETF Fund of Fund vs Mirae Asset Gold Silver Passive FoF
Direct Plan, Growth option · Data as on 30-10-2026
Mirae Asset Gold ETF Fund of Fund is a Fund of Funds fund and Mirae Asset Gold Silver Passive FoF is a Fund of Funds fund. In the year to 30-10-2026, Mirae Asset Gold ETF Fund of Fund (Direct) returned 15.6% and Mirae Asset Gold Silver Passive FoF (Direct) returned 19.2%. Mirae Asset Gold ETF Fund of Fund charges 0.11% a year and Mirae Asset Gold Silver Passive FoF 0.12% (Direct plans). Their portfolios overlap 55.3%: they hold 1 of the same security.
Mirae Asset Gold ETF Fund of Fund
Fund of Funds
- 1 year return
- 15.6%
- Expense ratio
- 0.11%
- NAV
- ₹17.60
Mirae Asset Gold Silver Passive FoF
Fund of Funds
- 1 year return
- 19.2%
- Expense ratio
- 0.12%
- NAV
- ₹14.55
Which is better, Mirae Asset Gold ETF Fund of or Mirae Asset Gold Silver 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 Gold Silver Passive FoF returned more over 1 year: 19.2% against 15.6%.
- Mirae Asset Gold ETF Fund of costs less: 0.11% a year against 0.12% (Direct plans).
- Mirae Asset Gold ETF Fund of fell less in its worst fall since 01-09-2025: −23.8% against −35.3%.
- Mirae Asset Gold Silver Passive FoF is the larger fund: ₹1,437 Cr against ₹628 Cr.
- Their portfolios overlap 55.3%: 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 Gold ETF Fund of Fund | Mirae Asset Gold Silver Passive FoF |
|---|---|---|
| Fund house | Mirae Asset Mutual Fund | Mirae Asset Mutual Fund |
| Category | Fund of Funds | Fund of Funds |
| AUM | ₹628 Cr (30-09-2026) | ₹1,437 Cr (30-09-2026) |
| NAV | ₹17.60 (Direct) | ₹14.55 (Direct) |
| Expense ratio (Direct) | 0.11% | 0.12% |
| Expense ratio (Regular) | 0.69% | 0.69% |
| Riskometer | High | Very High |
| Benchmark | Gold Index | 50% Domestic Price of Gold + 50% Domestic Price of Silver |
| Launch date | 25-10-2024 | 29-08-2025 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Ritesh Patel, 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 15 days. |
Mirae Asset Gold ETF Fund of vs Mirae Asset Gold Silver 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 Gold ETF Fund of Fund (Direct) | −5.11% | −1.69% | −6.26% | +15.55% | -- | -- | -- |
| Mirae Asset Gold Silver Passive FoF (Direct) | −10.58% | −8.23% | −14.73% | +19.16% | -- | -- | -- |
Mirae Asset Gold ETF Fund of vs Mirae Asset Gold Silver Passive FoF: Year-wise Returns
| Year | ETF Fund ofMirae Asset Gold ETF Fund of | Silver Passive FoFMirae Asset Gold Silver Passive FoF |
|---|---|---|
| 2026to date | +4.27% | −6.68% |
| 2025 | +72.29% | -- |
Mirae Asset Gold ETF Fund of vs Mirae Asset Gold Silver Passive FoF: Rolling Returns
Every holding period of both funds
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 Gold ETF Fund of Fund (Direct)
Mirae Asset Gold Silver Passive FoF (Direct)
to
Sept 2026Sept 2025
to
Sept 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 2026Oct 2025
to
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Mirae Asset Gold ETF Fund of | 0.0 | 0.0 | 0.0 | 15.4 | 15.4 | 12.8 | 56.4 | 27.6% | 26.6% | 11.3% | 44.6% |
| Mirae Asset Gold Silver Passive FoF | 0.0 | 0.0 | 0.0 | 0.0 | 12.8 | 15.4 | 71.8 | 41.3% | 39.5% | 17.1% | 64.7% |
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. Every fund is measured over the days all of them have, from 01-09-2025. Past returns do not promise future returns.
Mirae Asset Gold ETF Fund of vs Mirae Asset Gold Silver 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 Gold ETF Fund ofMirae Asset Gold ETF Fund of Fund (Direct) | ₹1,40,000 | ₹1,42,396 | ₹2,396 | 2.8% |
| Mirae Asset Gold Silver Passive FoFMirae Asset Gold Silver Passive FoF (Direct) | ₹1,40,000 | ₹1,35,818 | −₹4,182 | −4.8% |
Mirae Asset Gold ETF Fund ofMirae Asset Gold ETF Fund of Fund (Direct)
Mirae Asset Gold Silver Passive FoFMirae Asset Gold Silver 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 Gold ETF Fund of vs Mirae Asset Gold Silver Passive FoF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Mirae Asset Gold ETF Fund of Fund (Direct) | Mirae Asset Gold Silver Passive FoF (Direct) |
|---|---|---|
| Return (CAGR) | +15.55% | +19.16% |
| Standard deviation | 29.31% | 39.93% |
| Sharpe ratio | 0.35 | 0.35 |
| Sortino ratio | 0.48 | 0.46 |
| Maximum drawdown | −23.8% (23-03-2026) | −35.3% (30-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 Gold ETF Fund of Fund (Direct) | Mirae Asset Gold Silver Passive FoF (Direct) |
|---|---|---|
| Return (CAGR) | +32.34% | +34.53% |
| Standard deviation | 23.68% | 38.82% |
| Sharpe ratio | 1.13 | 0.75 |
| Sortino ratio | 1.59 | 1.00 |
| Maximum drawdown | −23.8% (23-03-2026) | −35.3% (30-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 28-10-2024 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 Gold ETF Fund of Fund (Direct)
Mirae Asset Gold Silver Passive FoF (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Mirae Asset Gold ETF Fund of Fund (Direct) | −23.8% | 29-01-2026 | 23-03-2026 | Not yet | -- | −20.9% |
| Mirae Asset Gold Silver Passive FoF (Direct) | −35.3% | 29-01-2026 | 30-10-2026 | Not yet | -- | −35.3% |
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 Gold ETF Fund of Fund (Direct)
Mirae Asset Gold Silver Passive FoF (Direct)
Mirae Asset Gold ETF Fund of vs Mirae Asset Gold Silver Passive FoF: Portfolio Overlap
From each fund's latest monthly portfolio: Mirae Asset Gold ETF Fund of Fund, September 2026; Mirae Asset Gold Silver Passive FoF, September 2026
Holdings in common
- Overlap
- 55.3%
- Held by both
- 1
- Only in Mirae Asset Gold ETF Fund of
- 0
- Only in Mirae Asset Gold Silver Passive FoF
- 1
| Security | % of Mirae Asset Gold ETF Fund of | % of Mirae Asset Gold Silver Passive FoF |
|---|---|---|
| Mirae Asset Gold ETF | 100.14% | 55.28% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 55.3% means 55.3% 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 Gold ETF Fund of Fund
Every holding of this fund is also held by the other.
Largest holdings only in Mirae Asset Gold Silver Passive FoF
| Security | % of fund |
|---|---|
| Mirae Asset Silver ETF | 44.79% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Mirae Asset Gold ETF Fund of | Mirae Asset Gold Silver Passive FoF |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 100.0% | 100.0% |
Mirae Asset Gold ETF Fund of vs Mirae Asset Gold Silver Passive FoF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mirae Asset Gold ETF Fund of Fund | Mirae Asset Gold Silver Passive FoF |
|---|---|---|
| Total expense ratio (Direct) | 0.11% | 0.12% |
| Base expense ratio (Direct) | 0.08% | 0.09% |
| Total expense ratio (Regular) | 0.69% | 0.69% |
| Base expense ratio (Regular) | 0.57% | 0.57% |
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 Gold ETF Fund of Fund vs Mirae Asset Gold Silver Passive FoF: Frequently Asked Questions
What is the difference between Mirae Asset Gold ETF Fund of Fund and Mirae Asset Gold Silver Passive FoF?
Mirae Asset Gold ETF Fund of Fund is a Fund of Funds fund, Mirae Asset Gold Silver Passive FoF is a Fund of Funds fund, run by Mirae Asset Mutual Fund. Their portfolios overlap 55.3%. Mirae Asset Gold ETF Fund of Fund charges 0.11% a year and Mirae Asset Gold Silver Passive FoF 0.12%.
Which has given higher returns, Mirae Asset Gold ETF Fund of Fund or Mirae Asset Gold Silver Passive FoF?
Over 1 year: Mirae Asset Gold ETF Fund of Fund +15.55%, Mirae Asset Gold Silver Passive FoF +19.16%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Mirae Asset Gold ETF Fund of Fund or Mirae Asset Gold Silver Passive FoF?
Mirae Asset Gold ETF Fund of Fund charges less: 0.11% a year against 0.12%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Mirae Asset Gold ETF Fund of Fund and Mirae Asset Gold Silver Passive FoF overlap?
55.3%. They hold 1 of the same securities, the largest shared ones being GOLDETF. From each fund's latest monthly portfolio.
Which is riskier, Mirae Asset Gold ETF Fund of Fund or Mirae Asset Gold Silver Passive FoF?
On SEBI's riskometer, Mirae Asset Gold ETF Fund of Fund is rated High and Mirae Asset Gold Silver Passive FoF Very High. Over 1 years, the standard deviation of daily returns was 29.31% and 39.93% a year.
Can I invest in both Mirae Asset Gold ETF Fund of Fund and Mirae Asset Gold Silver Passive FoF?
Yes. 55.3% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Mirae Asset Gold ETF Fund of Fund and Mirae Asset Gold Silver Passive FoF?
Mirae Asset Gold ETF Fund of Fund: Ritesh Patel, amp, Akshay Udeshi. Mirae Asset Gold Silver 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.