Mirae Asset Gold ETF Fund of Fund vs Shriram Gold ETF 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 Shriram Gold ETF Passive FoF is a mutual fund. Mirae Asset Gold ETF Fund of Fund charges 0.11% a year and Shriram Gold ETF Passive FoF 5.03% (Direct plans). Their portfolios overlap 49.3%: they hold 1 of the same security.
Mirae Asset Gold ETF Fund of Fund
Fund of Funds
- Expense ratio
- 0.11%
- NAV
- ₹17.60
Which is better, Mirae Asset Gold ETF Fund of or Shriram Gold ETF 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 ETF Fund of costs less: 0.11% a year against 5.03% (Direct plans).
- Shriram Gold ETF Passive FoF fell less in its worst fall since 11-09-2026: −5.7% against −8.7%.
- Mirae Asset Gold ETF Fund of is the larger fund: ₹628 Cr against ₹24 Cr.
- Their portfolios overlap 49.3%: 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 | Shriram Gold ETF Passive FoF |
|---|---|---|
| Fund house | Mirae Asset Mutual Fund | Shriram Mutual Fund |
| Category | Fund of Funds | Not available |
| AUM | ₹628 Cr (30-09-2026) | ₹24 Cr (30-09-2026) |
| NAV | ₹17.60 (Direct) | ₹9.60 (Direct) |
| Expense ratio (Direct) | 0.11% | 5.03% |
| Expense ratio (Regular) | 0.69% | 5.52% |
| Riskometer | High | Not available |
| Benchmark | Gold Index | Not available |
| Launch date | 25-10-2024 | Not available |
| Minimum investment | ₹5,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Ritesh Patel, amp, Akshay Udeshi | Not available |
| Exit load | Exit load of 0.05%, if redeemed within 15 days. | Not available |
Mirae Asset Gold ETF Fund of vs Shriram Gold ETF 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% | -- | -- | -- |
| Shriram Gold ETF Passive FoF (Direct) | -- | -- | -- | -- | -- | -- | -- |
Mirae Asset Gold ETF Fund of vs Shriram Gold ETF Passive FoF: Year-wise Returns
| Year | Mirae Asset Gold ETF Fund ofMirae Asset Gold ETF Fund of | Shriram Gold ETF Passive FoFShriram Gold ETF Passive FoF |
|---|---|---|
| 2026to date | +4.27% | -- |
| 2025 | +72.29% | -- |
Mirae Asset Gold ETF Fund of vs Shriram Gold ETF Passive FoF: Rolling Returns
Every holding period of both funds
Mirae Asset Gold ETF Fund of vs Shriram Gold ETF 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) | Shriram Gold ETF Passive FoF (Direct) |
|---|---|---|
| Return (CAGR) | +32.34% | −26.45% |
| Standard deviation | 23.68% | 8.93% |
| Sharpe ratio | 1.13 | -3.56 |
| Sortino ratio | 1.59 | -4.23 |
| Maximum drawdown | −23.8% (23-03-2026) | −5.7% (27-10-2026) |
| 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)
Shriram Gold ETF 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) | −8.7% | 18-09-2026 | 30-10-2026 | Not yet | -- | −8.7% |
| Shriram Gold ETF Passive FoF (Direct) | −5.7% | 09-10-2026 | 27-10-2026 | Not yet | -- | −5.1% |
From daily values since 11-09-2026, the first day every fund has.
Mirae Asset Gold ETF Fund of vs Shriram Gold ETF Passive FoF: Portfolio Overlap
From each fund's latest monthly portfolio: Mirae Asset Gold ETF Fund of Fund, September 2026; Shriram Gold ETF Passive FoF, September 2026
Holdings in common
- Overlap
- 49.3%
- Held by both
- 1
- Only in Mirae Asset Gold ETF Fund of
- 0
- Only in Shriram Gold ETF Passive FoF
- 1
| Security | % of Mirae Asset Gold ETF Fund of | % of Shriram Gold ETF Passive FoF |
|---|---|---|
| Mirae Asset Gold ETF | 100.14% | 49.34% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 49.3% means 49.3% 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 Shriram Gold ETF Passive FoF
| Security | % of fund |
|---|---|
| ZERODHA GOLD ETF | 49.17% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Mirae Asset Gold ETF Fund of | Shriram Gold ETF 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 Shriram Gold ETF Passive FoF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mirae Asset Gold ETF Fund of Fund | Shriram Gold ETF Passive FoF |
|---|---|---|
| Total expense ratio (Direct) | 0.11% | 5.03% |
| Base expense ratio (Direct) | 0.08% | 0.16% |
| Total expense ratio (Regular) | 0.69% | 5.52% |
| Base expense ratio (Regular) | 0.57% | 0.58% |
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 Shriram Gold ETF Passive FoF: Frequently Asked Questions
What is the difference between Mirae Asset Gold ETF Fund of Fund and Shriram Gold ETF Passive FoF?
Mirae Asset Gold ETF Fund of Fund is a Fund of Funds fund, Shriram Gold ETF Passive FoF is a mutual fund, run by Mirae Asset Mutual Fund and Shriram Mutual Fund. Their portfolios overlap 49.3%. Mirae Asset Gold ETF Fund of Fund charges 0.11% a year and Shriram Gold ETF Passive FoF 5.03%.
Which has the lower expense ratio, Mirae Asset Gold ETF Fund of Fund or Shriram Gold ETF Passive FoF?
Mirae Asset Gold ETF Fund of Fund charges less: 0.11% a year against 5.03%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Mirae Asset Gold ETF Fund of Fund and Shriram Gold ETF Passive FoF overlap?
49.3%. They hold 1 of the same securities, the largest shared ones being GOLDETF. From each fund's latest monthly portfolio.
Can I invest in both Mirae Asset Gold ETF Fund of Fund and Shriram Gold ETF Passive FoF?
Yes. 49.3% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
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.