Mirae Asset NYSE FANG+ ETF - Growth
NAV as of Sep 29, 2023
60.820.18%
- Growth - Regular
(Earn upto 0.61% Extra Returns with Direct Plan)
Fund Category:
Equity: International
Expense Ratio:
0.65%(1.49% Category
average)Fund Size:
Rs. 1,619.46 Cr(3.43% of Investment in Category)
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Mirae Asset NYSE FANG+ ETF - Growth
NAV as of Sep 29, 2023
60.820.18%
Expense Ratio:
0.65%
Fund Size:
Rs. 1,619.46 Cr
Fund Category:
Equity: International
1. Current NAV: The Current Net Asset Value of the Mirae Asset NYSE FANG+ ETF as of Sep 29, 2023 is Rs 60.82 for Growth option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 59.04% (1yr) and 9.8% (since launch). Whereas, Category returns for the same time duration are: 20.22% (1yr), 6.07% (3yr) and 4.73% (5yr).
3. Fund Size: The Mirae Asset NYSE FANG+ ETF currently holds Assets under Management worth of Rs 1619.46 crore as on Aug 31, 2023.
4. Expense ratio: The expense ratio of the fund is 0.65% for Regular plan as on Aug 31, 2023.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 0. Minimum SIP investment is Rs 0.
Mirae Asset NYSE FANG+ ETF - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns -5.55 -3.77 19.97 59.04 - - Category Avg -4.17 -2.82 2.33 20.22 6.07 4.73 Rank within Category 41 35 2 1 - - No. of funds within Category 51 51 51 50 29 25 - Loading...
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Mirae Asset NYSE FANG+ ETF - Growth Fund Details
Investment Objective - The scheme seeks to generate returns, before expenses, that are commensurate with the performance of the NYSE FANG+ Total Return Index.
Fund House | Mirae Asset Mutual Fund |
Launch Date | May 06, 2021 |
Benchmark | NYSE FANG+ Total Return Index |
Return Since Launch | 9.8% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | - |
Return Grade | - |
Mirae Asset NYSE FANG+ ETF - Growth Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | - |
Minimum SIP Investment (Rs.) | - |
Minimum Withdrawal (Rs.) | - |
Exit Load | 0% |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
AUG 2023 | JUL 2023 | JUN 2023 | MAY 2023 | APR 2023 | MAR 2023 | |
---|---|---|---|---|---|---|
Number of Holdings | 10 | 10 | 10 | 10 | 10 | 10 |
Top 5 Company Holdings | 53.88% | 52.57% | 51.72% | 53.25% | 52.71% | 51.1% |
Top 10 Company Holdings | 99.98% | 99.98% | 99.96% | 99.97% | 99.99% | 100.0% |
Company with Highest Exposure | NVIDIA Corporation (USA) (11.36%) | Facebook Co (11.24%) | Apple Inc. (USA) (10.56%) | NVIDIA Corporation (USA) (12.23%) | Facebook Co (11.15%) | Tesla Motors Inc (10.43%) |
Number of Sectors | 5 | 5 | 5 | 5 | 5 | 5 |
Top 3 Sector Holdings | 79.92% | 79.64% | 79.19% | 82.04% | 81.45% | 79.79% |
Top 5 Sector Holdings | 99.98% | 99.99% | 99.96% | 99.97% | 99.99% | 100.0% |
Sector with Highest Exposure | Services (42.15%) | Services (41.41%) | Services (40.54%) | Services (40.51%) | Services (41.43%) | Services (39.58%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) NVIDIA Corporation (USA) Capital Goods 11.36 - - - Alphabet Inc Class A Services 10.9 - - - Amazon. com Inc. (USA) Services 10.8 - - - Facebook Co Services 10.71 - - - Apple Inc. (USA) Consumer Discretionary 10.11 - - - Tesla Motors Inc Automobile 9.95 - - - NetFlix Inc. (USA) Services 9.74 - - - Microsoft Corportion (US) Technology 9.62 - - - Snowflake Technology 8.57 - - - Advanced Micro Devices Inc Capital Goods 8.22 - - -
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Mirae Asset NYSE FANG+ ETF - Growth 60.82 Unrated 1,619.46 -5.55 59.04 - - DSP World Energy Fund Regular Plan-Growth 16.18 Unrated 163.18 -7.95 16.03 12.99 1.32 HSBC Asia Pacific (Ex Japan) Dividend Yield Fund Regular- Growth 17.69 Unrated 7.74 -1.53 13.36 4.55 3.76 HSBC Global Equity Climate Change FoF Regular - Growth 8.62 Unrated 210.58 -6.04 11.20 - - Mirae Asset Hang Seng TECH ETF - Growth 13.84 Unrated 206.76 -5.70 15.94 - -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
Mirae Asset Mutual Fund News
Fund Manager
- S.S.Siddharth SrivastavaSince Apr 20213 schemes
Mr. Srivastava is a MBA (Tech), B.Tech Prior to joining Mirae Asset Investment Managers (India) Private Limited, he has been associated with Mirae Asset Global Investments (India) Private Limited, NSE Indices Limited and Morgan Stanley Capital International.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF Regular - Growth International 9.81 Unrated 89.79 7.50 Mirae Asset Hang Seng TECH ETF - Growth International 13.84 Unrated 206.76 15.94 Mirae Asset S&P 500 Top 50 ETF - Growth International 31.60 Unrated 595.36 28.80
More Mirae Asset Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Mirae Asset Large Cap Fund Regular- Growth | 35,880.14 | -0.14 | 7.10 | 12.66 | 11.30 | 18.67 | |
Mirae Asset Emerging Bluechip Fund Regular-Growth | 27,948.25 | 2.13 | 12.78 | 19.20 | 16.02 | 24.19 | |
Mirae Asset Tax Saver Fund Regular-Growth | 17,418.71 | 0.97 | 10.45 | 17.22 | 15.79 | 23.43 | |
Mirae Asset Midcap Fund Regular - Growth | 11,359.71 | 4.16 | 18.31 | 25.68 | 20.27 | 31.96 | |
Mirae Asset Cash Management Fund - Growth | 9,815.88 | 0.56 | 1.69 | 3.53 | 6.71 | 4.61 | |
Mirae Asset Focused Fund Regular - Growth | 9,265.50 | 1.40 | 8.02 | 12.93 | 10.02 | 20.04 | |
Mirae Asset Hybrid Equity Fund Regular-Growth | 7,777.52 | 0.14 | 6.68 | 13.08 | 12.42 | 16.95 | |
Mirae Asset Great Consumer Fund Regular-Growth | 2,552.57 | 0.92 | 9.32 | 22.66 | 17.89 | 24.49 | |
Mirae Asset Healthcare Fund Regular - Growth | 1,796.39 | 0.75 | 17.35 | 26.74 | 17.88 | 15.98 | |
Mirae Asset NYSE FANG+ ETF - Growth | 1,642.91 | -2.03 | 7.10 | 44.34 | 54.04 | - |
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1. Mirae Asset NYSE FANG+ ETF is Open-ended International Equity scheme which belongs to Mirae Asset Mutual Fund House.
2. The fund was launched on May 06, 2021.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate returns, before expenses, that are commensurate with the performance of the NYSE FANG+ Total Return Index. "
2. It is benchmarked against NYSE FANG+ Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.97% in equities, 0.0% in debts and 0.03% in cash & cash equivalents.
2. The top holding of the fund is NVIDIA Corporation (USA) which constitute around 11.36% of the assets.
Tax Implications on Mirae Asset NYSE FANG+ ETF - Growth
1. If units are redeemed within 3 years of investment, the whole amount of gain will get added to the investor's income and will be taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering down one's capital gains which brings down the taxable income and thereby reduces taxes on it.
3. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
4. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
FAQs about Mirae Asset NYSE FANG+ ETF - Growth
- Is it safe to invest in Mirae Asset NYSE FANG+ ETF?As per SEBI’s latest guidelines to calculate risk grades, investment in the Mirae Asset NYSE FANG+ ETF comes under Very High risk category.
- What is the category of Mirae Asset NYSE FANG+ ETF?Mirae Asset NYSE FANG+ ETF belongs to the Equity : International category of funds.
- How Long should I Invest in Mirae Asset NYSE FANG+ ETF?The suggested investment horizon of investing into Mirae Asset NYSE FANG+ ETF is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Mirae Asset NYSE FANG+ ETF?The Mirae Asset NYSE FANG+ ETF is managed by Siddharth Srivastava (Since Apr 19, 2021).
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