Mirae Asset Multi Asset Allocation Fund vs Shriram Gold ETF Passive FoF
Direct Plan, Growth option · Data as on 30-10-2026
Mirae Asset Multi Asset Allocation Fund is a Multi Asset fund and Shriram Gold ETF Passive FoF is a mutual fund. Mirae Asset Multi Asset Allocation Fund charges 0.65% a year and Shriram Gold ETF Passive FoF 5.03% (Direct plans). Their portfolios overlap 11.7%: they hold 1 of the same security.
Mirae Asset Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 0.65%
- NAV
- ₹13.67
Which is better, Mirae Asset Multi Asset Allocation 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 Multi Asset Allocation costs less: 0.65% a year against 5.03% (Direct plans).
- Mirae Asset Multi Asset Allocation fell less in its worst fall since 11-09-2026: −4.9% against −5.7%.
- Mirae Asset Multi Asset Allocation is the larger fund: ₹3,607 Cr against ₹24 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 Multi Asset Allocation Fund | Shriram Gold ETF Passive FoF |
|---|---|---|
| Fund house | Mirae Asset Mutual Fund | Shriram Mutual Fund |
| Category | Multi Asset | Not available |
| AUM | ₹3,607 Cr (30-09-2026) | ₹24 Cr (30-09-2026) |
| NAV | ₹13.67 (Direct) | ₹9.60 (Direct) |
| Expense ratio (Direct) | 0.65% | 5.03% |
| Expense ratio (Regular) | 2.15% | 5.52% |
| Riskometer | Very High | Not available |
| Benchmark | 65% Nifty 500 TRI + 25% Nifty Short Duration Debt Index +7.5% Domestic Price of Gold + 2.5% Domestic Price of Silver | Not available |
| Launch date | 31-01-2024 | Not available |
| Minimum investment | ₹5,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Harshad Borawake, Basant Bafna, Siddharth Srivastava, Ritesh Patel | Not available |
| Exit load | Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 180 Days. | Not available |
Mirae Asset Multi Asset Allocation 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 Multi Asset Allocation Fund (Direct) | −1.13% | −2.18% | −0.61% | +4.13% | -- | -- | -- |
| Shriram Gold ETF Passive FoF (Direct) | -- | -- | -- | -- | -- | -- | -- |
| 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 Multi Asset Allocation vs Shriram Gold ETF Passive FoF: Year-wise Returns
| Year | Mirae Asset Multi Asset AllocationMirae Asset Multi Asset Allocation | Shriram Gold ETF Passive FoFShriram Gold ETF Passive FoF |
|---|---|---|
| 2026to date | +0.10% | -- |
| 2025 | +20.12% | -- |
Mirae Asset Multi Asset Allocation vs Shriram Gold ETF Passive FoF: Rolling Returns
Every holding period of both funds
Mirae Asset Multi Asset Allocation 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 Multi Asset Allocation Fund (Direct) | Shriram Gold ETF Passive FoF (Direct) |
|---|---|---|
| Return (CAGR) | +11.96% | −26.45% |
| Standard deviation | 8.73% | 8.93% |
| Sharpe ratio | 0.69 | -3.56 |
| Sortino ratio | 0.95 | -4.23 |
| Maximum drawdown | −9.1% (23-03-2026) | −5.7% (27-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 01-02-2024 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 Multi Asset Allocation 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 Multi Asset Allocation Fund (Direct) | −4.9% | 23-09-2026 | 23-10-2026 | Not yet | -- | −3.3% |
| 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 Multi Asset Allocation vs Shriram Gold ETF Passive FoF: Portfolio Overlap
From each fund's latest monthly portfolio: Mirae Asset Multi Asset Allocation Fund, September 2026; Shriram Gold ETF Passive FoF, September 2026
Holdings in common
- Overlap
- 11.7%
- Held by both
- 1
- Only in Mirae Asset Multi Asset Allocation
- 169
- Only in Shriram Gold ETF Passive FoF
- 1
| Security | % of Mirae Asset Multi Asset Allocation | % of Shriram Gold ETF Passive FoF |
|---|---|---|
| Mirae Asset Gold ETF | 11.74% | 49.34% |
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 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% |
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 Multi Asset Allocation | Shriram Gold ETF Passive FoF |
|---|---|---|
| Equity | 66.4% | 0.0% |
| Debt | 16.6% | 0.0% |
| Cash and others | 17.0% | 100.0% |
Market cap of stocks
| Market cap | Mirae Asset Multi Asset Allocation | Shriram Gold ETF Passive FoF |
|---|---|---|
| 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 Multi Asset Allocation | Shriram Gold ETF Passive FoF |
|---|---|---|
| Banks | 15.1% | 0.0% |
| Pharmaceuticals & Biotechnology | 4.9% | 0.0% |
| Consumer Durables | 3.6% | 0.0% |
| Automobiles | 3.4% | 0.0% |
| Finance | 3.1% | 0.0% |
| Petroleum Products | 3.0% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Mirae Asset Multi Asset Allocation vs Shriram Gold ETF Passive FoF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mirae Asset Multi Asset Allocation Fund | Shriram Gold ETF Passive FoF |
|---|---|---|
| Total expense ratio (Direct) | 0.65% | 5.03% |
| Base expense ratio (Direct) | 0.36% | 0.16% |
| Total expense ratio (Regular) | 2.15% | 5.52% |
| Base expense ratio (Regular) | 1.63% | 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.
More comparisons
Each fund against the others of its category
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Mirae Asset Multi Asset Allocation Fund vs Shriram Gold ETF Passive FoF: Frequently Asked Questions
What is the difference between Mirae Asset Multi Asset Allocation Fund and Shriram Gold ETF Passive FoF?
Mirae Asset Multi Asset Allocation Fund is a Multi Asset fund, Shriram Gold ETF Passive FoF is a mutual fund, run by Mirae Asset Mutual Fund and Shriram Mutual Fund. Their portfolios overlap 11.7%. Mirae Asset Multi Asset Allocation Fund charges 0.65% a year and Shriram Gold ETF Passive FoF 5.03%.
Which has the lower expense ratio, Mirae Asset Multi Asset Allocation Fund or Shriram Gold ETF Passive FoF?
Mirae Asset Multi Asset Allocation Fund charges less: 0.65% a year against 5.03%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Mirae Asset Multi Asset Allocation Fund and Shriram Gold ETF Passive FoF overlap?
11.7%. 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 Multi Asset Allocation Fund and Shriram Gold ETF Passive FoF?
Yes. 11.7% of each fund's money sits in the same holdings, so some 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.