Mirae Asset Nifty 200 Alpha 30 ETF · NSE:ALPHAETF
Mirae Asset Nifty 200 Alpha 30 ETF — Mirae Asset Mutual Fund — Investor Presentation (January 2026)
32 slides from Mirae Asset Nifty 200 Alpha 30 ETF's investor presentation, January 2026
Slide 1: Mirae Asset Gold Silver Passive FoF
Mirae Asset Gold Silver Passive FoF (An open-ended fund of fund scheme predominantly investing in units of Mirae Asset Gold ETF and Mirae Asset Silver ETF) January 2026
Slide 2: Introduction to Precious Metals
Introduction to Precious Metals
Slide 3: From Buried Treasure to a Structured Asset Class: The Evolution of Precious Metals
From Buried Treasure to a Structured Asset Class: The Evolution of Precious Metals ~4000 BC: First gold artifacts (Mesopotamia, Egypt) Gold Silver ~600 BC: First silver coins (Lydia, Turkey) ~1400–1900 AD: Global gold/silver standards (Spanish silver dollar, British gold pound) 💰 Store of Value…
Slide 4: Gold: The Anchor Metal - A Strategic Hedge Across Regimes
Gold: The Anchor Metal - A Strategic Hedge Across Regimes Crisis Geo-political Dollar Negative Hedge Risk Hedge Real Yields Central Bank Portfolio Liquidity and Inflation Demand Diversifier Access Hedge Gold isn’t a speculative trade, it’s a strategic response to long-term macro risks and acts as pa
Slide 5: Silver: The Cyclical Metal – A Tactical Lever Across Macro & Manufacturing Cycles
Silver: The Cyclical Metal – A Tactical Lever Across Macro & Manufacturing Cycles Industrial New Age Energy Reflation Growth Demand Demand Sector Trade Sensitive Supply Imbalance Silver is not a passive hedge, it's a cyclical amplifier that has potential to thrive in reflation, recovery, and manufac
Slide 6: Gold stabilizes. Silver amplifies. Together, they unlock multi-regime diversification
Gold stabilizes. Silver amplifies. Together, they unlock multi-regime diversification Tendency to Safe Haven Outperform in in Recession Bull Markets Gold has relatively Low Correlation less correlation with with Equities Equities than Silver High Rallies during Industrial Currency Demand Depreciatio
Slide 7: Gold: The Anchor Metal – Case for Investment
Gold: The Anchor Metal – Case for Investment
Slide 8: Structural & Tactical Forces Aligning Behind Gold
Structural & Tactical Forces Aligning Behind Gold Interest Rate Geopolitical Weakness in Central Banks Easing by FED Escalations US Dollar Buying Factors Driving Gold Price Domestic Growing Chinese Increasing Net long AUM growth of Demand Demand position Global Gold ETFs Source: Data and trends as o
Slide 9: Gold’s Historic Playbook: Rallies Tend to Follow Rate Cuts
Gold’s Historic Playbook: Rallies Tend to Follow Rate Cuts Gold Performs whenever there is a rate cuts and Vice versa 5000 1.5 4500 1 4000 0.5 3500 3000 Gold Price (in $) 0 Rate cut (%) 2500 -0.5 2000 1500 -1 1000 -1.5 500 0 -2 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 20
Slide 10: Gold’s Safe Haven Role in Times of Geopolitical Stress
Gold’s Safe Haven Role in Times of Geopolitical Stress GPR Index 5000 600.00 4500 500.00 4000 3500 400.00 3000 Gold Price (%) 2500 300.00 2000 200.00 1500 1000 100.00 500 0 0.00 Jul-2000 Jul-2001 Jul-2002 Jul-2003 Jul-2004 Jul-2005 Jul-2006 Jul-2007 Jul-2008 Jul-2009 Jul-2010 Jul-2011 Jul-2012 Jul-2
Slide 11: Gold Strengthens when Dollar Retracts
Gold Strengthens when Dollar Retracts LBMA Gold DXY Index 120.00 5,400.00 5,200.00 5,000.00 115.00 4,800.00 4,600.00 4,400.00 110.00 4,200.00 4,000.00 LBMA GOLD (US$) DOLLAR INDEX 3,800.00 105.00 3,600.00 3,400.00 3,200.00 100.00 3,000.00 2,800.00 2,600.00 95.00 2,400.00 2,200.00 2,000.00 90.00 1,80
Slide 12: Central Banks Are Driving Strategic Demand for Gold
Central Banks Are Driving Strategic Demand for Gold Total Central bank gold purchase (In Tonnes) Total Gold Reserves of Top 15 Countries (In Tonnes) 1,200 Uzbekistan 365 1,082 1,037 1,045 Portugal 383 1,000 Taiwan 424 ECB 507 Poland 515 Gold Purchases (In Tonnes) 800 Netherlands 613 656 Turkey 639 6
Slide 13: Silver: The Cyclical Metal: Case for Investment
Silver: The Cyclical Metal: Case for Investment
Slide 14: Industrial Demand Is the Bedrock of Silver’s Long-Term Relevance
Industrial Demand Is the Bedrock of Silver’s Long-Term Relevance 1400 90% 1284 1199 80% 1200 1164 1148 1102 1065 70% 993 1001 1006 973 Total Demand (Million Ounce) 1000 929 60% Industrial share (in %) 800 50% 600 40% 30% 400 20% 200 10% 0 0% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025F To
Slide 15: Solar Photovoltaic Growth: Expanding Silver's Industrial Moat
Solar Photovoltaic Growth: Expanding Silver's Industrial Moat 2024 China USA Latine America India Others RoW Europe 2019 China India US Australia Japan Others RoW 11% 17% 20% 593 GW 47% 34% 2010 38 GW-scale 118 GW Germany Italy RoW 18% 16 GW-scale 5% countries countries 4% 5% 17 GW 42% 5% 8% 10% 47%
Slide 16: Industrial Demand Outpacing Supply: Silver in Persistent Deficit
Industrial Demand Outpacing Supply: Silver in Persistent Deficit Silver Supply - Demand Imbalance 100 30 54.7 50 40.5 30.6 25 1.3 Silver LBMA Price (US$ per ounce) 0 Surplus/Deficit (Million Ounce) -4.1 20 -50 -100 15 -95.4 -117.7 -150 -149.0 10 -200 -184.3 5 -250 -263.5 -300 0 2016 2017 2018 2019 2
Slide 17: Gold/Silver Ratio Signals Valuation Opportunity
Gold/Silver Ratio Signals Valuation Opportunity Gold Silver Ratio 140 120 100 80 67.7 60 49.55 40 20 Gold/Silver ratio at 49.5 which has come below its historical average, suggesting silver is relatively overvalued as compared to Gold. Source: Data as on January 25, 2025, Bloomberg, LBMA prices are
Slide 18: Timing Gold and Silver is Tricky
Timing Gold and Silver is Tricky
Slide 19: Fat Tails, High Stakes: Why Timing Gold & Silver Is Riskier Than Equity
Fat Tails, High Stakes: Why Timing Gold & Silver Is Riskier Than Equity Data from 01st Jan 1990 to 31st July 2025 ❖ Silver (XAG) shows extremely fat tails on both ends → timing can yield windfall or deep losses. ❖ Gold (XAU) has moderate tails, offering better downside protection. ❖ Equities (S&P 50
Slide 20: Same Assets, Same Strategy, Different Outcomes: Tax Drag Can Make DIY Costly
Same Assets, Same Strategy, Different Outcomes: Tax Drag Can Make DIY Costly FoF Structure: Potentially Better Tax Efficient Why a FoF May Be Better than DIY ? ❖ Rebalances internally without triggering tax 17000000 16000000 ❖ Avoids tax drag and reinvestment leakage 15000000 ❖ Offers simpler, profe
Slide 21: Blending Gold and Silver Makes Sense. Structuring Them Smartly May Make All the Difference.
Blending Gold and Silver Makes Sense. Structuring Them Smartly May Make All the Difference. Gold: Silver: Fat Tails and Highly Tax The Anchor Metal The Cyclical Metal Long Flats Unpredictable Efficient ❑ Stable, defensive, but long flats ❑ High-upside, industrial, but ❑ Timing either metal is ❑ Metr
Slide 22: Introducing Mirae Asset Gold Silver Passive FoF
Introducing Mirae Asset Gold Silver Passive FoF
Slide 23: How We Allocate: The Framework in Action
How We Allocate: The Framework in Action Base Line Active Tilt Allocation Allocation • 50: 50 Gold • Active tilt • Regular Silver is base based on Rebalancing • Tilt based on Technical and • Gold and Silver Short and Long Fundamental treated and Term Gold factors equals Silver ratio and • Geo-politi
Slide 24: Periodic Performance and Volatility of the Benchmark
Periodic Performance and Volatility of the Benchmark Periodic Performance Index Name Gold Silver (50:50)* MCX Silver MCX Gold Nifty 50 (TRI) 15 Years 15.0% 14.3% 14.6% 11.7% 10 Years 22.7% 24.9% 19.5% 14.3% 5 Years 31.8% 37.0% 26.1% 13.1% 3 Years 53.8% 66.8% 40.1% 12.7% 1 Year 163.8% 249.9% 96.0% 9.
Slide 25: Calendar Year wise performance comparison of the benchmark
Calendar Year wise performance comparison of the benchmark CY Gold Silver (50:50)* MCX Silver MCX Gold Nifty 50 (TRI) 2008 8.6% -7.3% 26.1% -51.3% 2009 37.1% 50.6% 24.2% 77.6% 2010 45.8% 71.4% 23.2% 19.2% 2011 21.2% 8.1% 31.7% -23.8% 2012 13.4% 13.9% 12.3% 29.4% 2013 -14.2% -23.5% -4.5% 8.1% 2014 -1
Slide 26: Correlation of precious metal with different asset classes
Correlation of precious metal with different asset classes 3 Year Period Commodity/Index Name Gold Silver (50:50) Nifty 50 TRI Gold Silver Debt Gold Silver (50:50) 1.00 0.06 0.79 0.94 0.12 Nifty 50 TRI 1.00 0.03 0.07 0.13 Gold 1.00 0.52 0.12 Silver 1.00 0.10 Debt 1.00 5 Year Period Commodity/Index N
Slide 27: SIP performance simulation for the benchmark
SIP performance simulation for the benchmark SIP Performance 50% Gold + 50% Silver 170.00% 153.93% 150.00% 130.00% 110.00% 90.00% 85.38% 70.00% 61.04% 50.00% 40.18% 32.46% 30.00% 25.53% 16.45% 17.86% 10.00% SI 15 years 10 Years 7 years 5 Years 3 years 2 years 1 year -10.00% Source: SIP Results are a
Slide 28: Why you may consider investing in Mirae Asset Gold Silver Passive FoF?
Why you may consider investing in Mirae Asset Gold Silver Passive FoF? ❑ Both Gold and Silver Have Distinct Roles : Gold offers defensiveness and stability during stress, while silver adds cyclical upside in reflationary or industrial-led rallies. ❑ Difficult to Time Either Metal Independently: Timi
Slide 29: Outlook for Gold and Silver
Outlook for Gold and Silver Gold Outlook • Strong central-bank buying continues to act as a price floor, providing downside protection and supporting long-term bullish momentum. • Risk - reward remains favorable, with gold benefitting from persistent macro uncertainty, geopolitical risks, and expect
Slide 30: Scheme Details
Scheme Details Particulars Mirae Asset Gold Silver Passive FoF Type of Scheme An open-ended fund of fund scheme predominantly investing in units of Mirae Asset Gold ETF and Mirae Asset Silver ETF Benchmark Domestic Price of Gold (50%) + Domestic Price of Silver (50%) Fund Manager Mr. Ritesh Patel Mi
Slide 31: Disclaimers
Disclaimers NSE Indices Ltd Disclaimer: NSE INDICES LIMITED do not guarantee the accuracy and/or the completeness of any of its Index or any data included therein and NSE INDICES LIMITED shall have not have any responsibility or liability for any errors, omissions, or interruptions therein NSE INDIC
Slide 32: Thank You
THANK YOU 7 MIRAE ASSET Mutual Fund
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