Mirae Asset Gold ETF Fund of Fund vs Mirae Asset Multi Asset Allocation Fund
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 Multi Asset Allocation Fund is a Multi Asset fund. In the year to 30-10-2026, Mirae Asset Gold ETF Fund of Fund (Direct) returned 15.6% and Mirae Asset Multi Asset Allocation Fund (Direct) returned 4.1%. Mirae Asset Gold ETF Fund of Fund charges 0.11% a year and Mirae Asset Multi Asset Allocation Fund 0.65% (Direct plans). Their portfolios overlap 11.7%: 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 Multi Asset Allocation Fund
Multi Asset
- 1 year return
- 4.1%
- Expense ratio
- 0.65%
- NAV
- ₹13.67
Which is better, Mirae Asset Gold ETF Fund of or Mirae Asset Multi Asset Allocation? 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 ETF Fund of returned more over 1 year: 15.6% against 4.1%.
- Mirae Asset Gold ETF Fund of costs less: 0.11% a year against 0.65% (Direct plans).
- Mirae Asset Multi Asset Allocation fell less in its worst fall since 28-10-2024: −9.1% against −23.8%.
- Mirae Asset Multi Asset Allocation is the larger fund: ₹3,607 Cr against ₹628 Cr.
- Their portfolios overlap 11.7%: 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 Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Mirae Asset Mutual Fund | Mirae Asset Mutual Fund |
| Category | Fund of Funds | Multi Asset |
| AUM | ₹628 Cr (30-09-2026) | ₹3,607 Cr (30-09-2026) |
| NAV | ₹17.60 (Direct) | ₹13.67 (Direct) |
| Expense ratio (Direct) | 0.11% | 0.65% |
| Expense ratio (Regular) | 0.69% | 2.15% |
| Riskometer | High | Very High |
| Benchmark | Gold Index | 65% Nifty 500 TRI + 25% Nifty Short Duration Debt Index +7.5% Domestic Price of Gold + 2.5% Domestic Price of Silver |
| Launch date | 25-10-2024 | 31-01-2024 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Ritesh Patel, amp, Akshay Udeshi | Harshad Borawake, Basant Bafna, Siddharth Srivastava, Ritesh Patel |
| Exit load | Exit load of 0.05%, if redeemed within 15 days. | Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 180 Days. |
Mirae Asset Gold ETF Fund of vs Mirae Asset Multi Asset Allocation: 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 Multi Asset Allocation Fund (Direct) | −1.13% | −2.18% | −0.61% | +4.13% | -- | -- | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | -- | -- | -- |
Category average: the average of the 37 Multi Asset funds, same plan type.
Mirae Asset Gold ETF Fund of vs Mirae Asset Multi Asset Allocation: Year-wise Returns
| Year | Gold ETF Fund ofMirae Asset Gold ETF Fund of | Multi Asset AllocationMirae Asset Multi Asset Allocation |
|---|---|---|
| 2026to date | +4.27% | +0.10% |
| 2025 | +72.29% | +20.12% |
Mirae Asset Gold ETF Fund of vs Mirae Asset Multi Asset Allocation: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 248 of them, one for each trading day from 28-10-2025 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 Multi Asset Allocation Fund (Direct)
to
Nov 2025Jan 2025
to
Jan 2026Mar 2025
to
Mar 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 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 | 2.4 | 2.4 | 2.0 | 93.1 | 56.6% | 57.1% | 11.3% | 114.5% |
| Mirae Asset Multi Asset Allocation | 0.0 | 2.8 | 8.1 | 37.1 | 32.3 | 16.1 | 3.6 | 15.5% | 15.1% | 2.7% | 27.3% |
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 28-10-2024. Past returns do not promise future returns.
Mirae Asset Gold ETF Fund of vs Mirae Asset Multi Asset Allocation: 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 28-10-2024 to 30-10-2026: 25 instalments, ₹2,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Mirae Asset Gold ETF Fund ofMirae Asset Gold ETF Fund of Fund (Direct) | ₹2,50,000 | ₹3,18,076 | ₹68,076 | 24.2% |
| Mirae Asset Multi Asset AllocationMirae Asset Multi Asset Allocation Fund (Direct) | ₹2,50,000 | ₹2,70,241 | ₹20,241 | 7.4% |
Mirae Asset Gold ETF Fund ofMirae Asset Gold ETF Fund of Fund (Direct)
Mirae Asset Multi Asset AllocationMirae Asset Multi Asset Allocation Fund (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 Multi Asset Allocation: 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 Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.55% | +4.13% |
| Standard deviation | 29.31% | 10.38% |
| Sharpe ratio | 0.35 | -0.11 |
| Sortino ratio | 0.48 | -0.15 |
| Maximum drawdown | −23.8% (23-03-2026) | −9.1% (23-03-2026) |
| 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 Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +32.34% | +11.96% |
| Standard deviation | 23.68% | 8.73% |
| Sharpe ratio | 1.13 | 0.69 |
| Sortino ratio | 1.59 | 0.95 |
| Maximum drawdown | −23.8% (23-03-2026) | −9.1% (23-03-2026) |
| 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 Multi Asset Allocation Fund (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 Multi Asset Allocation Fund (Direct) | −9.1% | 29-01-2026 | 23-03-2026 | 03-08-2026 | 4 months | −4.9% |
From daily values since 28-10-2024, 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 Multi Asset Allocation Fund (Direct)
Mirae Asset Gold ETF Fund of vs Mirae Asset Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Mirae Asset Gold ETF Fund of Fund, September 2026; Mirae Asset Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 11.7%
- Held by both
- 1
- Only in Mirae Asset Gold ETF Fund of
- 0
- Only in Mirae Asset Multi Asset Allocation
- 169
| Security | % of Mirae Asset Gold ETF Fund of | % of Mirae Asset Multi Asset Allocation |
|---|---|---|
| Mirae Asset Gold ETF | 100.14% | 11.74% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 11.7% means 11.7% 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 Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| ICICI Bank Ltd. | 4.27% |
| HDFC Bank Ltd. | 4.24% |
| State Bank of India | 2.58% |
| Reliance Industries Ltd. | 2.42% |
| Bharti Airtel Ltd. | 2.07% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Mirae Asset Gold ETF Fund of | Mirae Asset Multi Asset Allocation |
|---|---|---|
| Equity | 0.0% | 66.4% |
| Debt | 0.0% | 16.6% |
| Cash and others | 100.0% | 17.0% |
Market cap of stocks
| Market cap | Mirae Asset Gold ETF Fund of | Mirae Asset Multi Asset Allocation |
|---|---|---|
| Large Cap | -- | 44.6% |
| Mid Cap | -- | 9.3% |
| Small Cap | -- | 9.4% |
| Not on AMFI's list | -- | 3.1% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Mirae Asset Gold ETF Fund of | Mirae Asset Multi Asset Allocation |
|---|---|---|
| Banks | 0.0% | 15.1% |
| Pharmaceuticals & Biotechnology | 0.0% | 4.9% |
| Consumer Durables | 0.0% | 3.6% |
| Automobiles | 0.0% | 3.4% |
| Finance | 0.0% | 3.1% |
| Petroleum Products | 0.0% | 3.0% |
The six largest sectors of each fund's stocks, % of the fund.
Mirae Asset Gold ETF Fund of vs Mirae Asset Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mirae Asset Gold ETF Fund of Fund | Mirae Asset Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.11% | 0.65% |
| Base expense ratio (Direct) | 0.08% | 0.36% |
| Total expense ratio (Regular) | 0.69% | 2.15% |
| Base expense ratio (Regular) | 0.57% | 1.63% |
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.
More comparisons
Each fund against the others of its category
Compare Mirae Asset Multi Asset Allocation with
- Mirae Asset Multi Asset Allocation vs Quant Multi Asset Allocation
- Mirae Asset Multi Asset Allocation vs Nippon India Multi Asset Allocation
- Mirae Asset Multi Asset Allocation vs DSP Multi Asset Allocation
- Mirae Asset Multi Asset Allocation vs Kotak Multi Asset Allocation
- Mirae Asset Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation
Mirae Asset Gold ETF Fund of Fund vs Mirae Asset Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Mirae Asset Gold ETF Fund of Fund and Mirae Asset Multi Asset Allocation Fund?
Mirae Asset Gold ETF Fund of Fund is a Fund of Funds fund, Mirae Asset Multi Asset Allocation Fund is a Multi Asset fund, run by Mirae Asset Mutual Fund. Their portfolios overlap 11.7%. Mirae Asset Gold ETF Fund of Fund charges 0.11% a year and Mirae Asset Multi Asset Allocation Fund 0.65%.
Which has given higher returns, Mirae Asset Gold ETF Fund of Fund or Mirae Asset Multi Asset Allocation Fund?
Over 1 year: Mirae Asset Gold ETF Fund of Fund +15.55%, Mirae Asset Multi Asset Allocation Fund +4.13%. 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 Multi Asset Allocation Fund?
Mirae Asset Gold ETF Fund of Fund charges less: 0.11% a year against 0.65%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Mirae Asset Gold ETF Fund of Fund and Mirae Asset Multi Asset Allocation Fund overlap?
11.7%. 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 Multi Asset Allocation Fund?
On SEBI's riskometer, Mirae Asset Gold ETF Fund of Fund is rated High and Mirae Asset Multi Asset Allocation Fund Very High. Over 1 years, the standard deviation of daily returns was 29.31% and 10.38% a year.
Can I invest in both Mirae Asset Gold ETF Fund of Fund and Mirae Asset Multi Asset Allocation Fund?
Yes. 11.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Mirae Asset Gold ETF Fund of Fund and Mirae Asset Multi Asset Allocation Fund?
Mirae Asset Gold ETF Fund of Fund: Ritesh Patel, amp, Akshay Udeshi. Mirae Asset Multi Asset Allocation Fund: Harshad Borawake, Basant Bafna, Siddharth Srivastava, 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.