Mirae Asset Global Electric & Autonomous Vehicles ...
NAV as of Aug 29, 2024
9.081.01%
- Growth - Direct
(Earn upto 0.29% Extra Returns with Direct Plan)
Fund Category:
Equity: International
Expense Ratio:
0.25%(0.73% Category
average)Fund Size:
Rs. 67.09 Cr(0.16% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Mirae Asset Global Electric & Autonomous Vehicles ETFs F...
NAV as of Aug 29, 2024
9.081.01%
Expense Ratio:
0.25%
Fund Size:
Rs. 67.09 Cr
Fund Category:
Equity: International
1. Current NAV: The Current Net Asset Value of the Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF - Direct Plan as of Aug 29, 2024 is Rs 9.08 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: -9.07% (1yr) and -5.25% (since launch). Whereas, Category returns for the same time duration are: 20.39% (1yr), 4.57% (3yr) and 10.26% (5yr).
3. Fund Size: The Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF - Direct Plan currently holds Assets under Management worth of Rs 67.09 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.25% for Direct plan as on Aug 01, 2024.
5. Exit Load: Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF - Direct Plan shall attract an Exit Load, "Exit load of 1%, if redeemed within 365 days."
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 500.
Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF Direct - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns -1.81 -7.98 -10.18 -11.66 - - Category Avg 2.97 3.98 9.25 18.76 4.52 10.00 Rank within Category 57 59 59 58 - - No. of funds within Category 65 65 65 64 46 30 - Loading...
- Loading...
Return Comparison
- This Fund
- BenchmarkS&P BSE Sensex
Choose from Benchmarks
- Nifty 50
- 1M
- 3M
- 6M
- 1Y
- 5Y
Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF Direct - Growth Fund Details
Investment Objective - The scheme seeks to provide long-term capital appreciation from a portfolio investing in units of overseas equity ETFs which are based on companies involved in development of Electric & Autonomous Vehicles and related technology, components and materials.
Fund House | Mirae Asset Mutual Fund |
Launch Date | Sep 07, 2022 |
Benchmark | Solactive Autonomous & Electric Vehicles Index TRI |
Return Since Launch | -4.76% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | - |
Return Grade | - |
Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF Direct - Growth Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | 500.00 |
Minimum Withdrawal (Rs.) | - |
Exit Load Exit load of 1%, if redeemed within 365 days. |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
JUL 2024 | JUN 2024 | MAY 2024 | APR 2024 | MAR 2024 | FEB 2024 | |
---|---|---|---|---|---|---|
Number of Holdings | 3 | 3 | 3 | 3 | 3 | 3 |
Top 5 Company Holdings | 99.69% | 99.26% | 99.11% | 99.82% | 99.5% | 99.52% |
Top 10 Company Holdings | 99.69% | 99.26% | 99.11% | 99.82% | 99.5% | 99.52% |
Company with Highest Exposure | Global X Autonomous & Electric Vehicles UCITS ETF (79.46%) | Global X Autonomous & Electric Vehicles UCITS ETF (79.13%) | Global X Autonomous & Electric Vehicles UCITS ETF (78.77%) | Global X Autonomous & Electric Vehicles UCITS ETF (79.56%) | Global X Autonomous & Electric Vehicles UCITS ETF (79.37%) | Global X Autonomous & Electric Vehicles UCITS ETF (79.66%) |
Number of Sectors | - | - | - | - | - | - |
Top 3 Sector Holdings | - | - | - | - | - | - |
Top 5 Sector Holdings | - | - | - | - | - | - |
Sector with Highest Exposure | - | - | - | - | - | - |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Global X Autonomous & Electric Vehicles UCITS ETF Financial 79.46 - - - Global X Lithium & Battery Tech UCITS ETF Financial 10.18 - - - Global X China Electric Vehicle And Battery ETF Financial 10.05 - - -
![Discover Mutual Funds](/https/economictimes.indiatimes.com/photo/msid-100097201,quality-100/discover-mf.jpg)
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 Global Electric & Autonomous Vehicles ETFs FoF Direct - Growth 9.08 Unrated 67.09 -3.18 -12.35 - - Mirae Asset Hang Seng TECH ETF FoF Direct - Growth 7.07 Unrated 67.97 0.35 -8.39 - - DSP World Energy Fund Direct Plan-Growth 19.08 Unrated 138.31 0.34 4.29 4.87 8.55 Invesco India - Invesco Pan European Equity FoF Direct-Growth 18.73 Unrated 37.00 3.75 12.05 9.38 12.40 Kotak Nasdaq 100 FOF Direct - Growth 16.69 Unrated 3,138.32 1.34 28.06 13.17 -
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 Aug 20220 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.
No schemes for the Fund Manager
More Mirae Asset Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Mirae Asset Large Cap Fund Direct- Growth | 37,631.07 | 5.71 | 9.84 | 11.50 | 26.08 | 15.16 | |
Mirae Asset Large & Midcap Fund Direct-Growth | 35,272.60 | 5.52 | 14.15 | 16.95 | 41.47 | 19.71 | |
Mirae Asset ELSS Tax Saver Fund Direct-Growth | 22,620.57 | 5.50 | 13.17 | 16.07 | 37.38 | 19.01 | |
Mirae Asset Midcap Fund Direct - Growth | 15,353.87 | 6.08 | 19.03 | 20.87 | 51.46 | 25.67 | |
Mirae Asset Liquid Fund Direct- Growth | 11,570.11 | 0.61 | 1.88 | 3.77 | 7.38 | 5.80 | |
Mirae Asset Aggressive Hybrid Fund Direct-Growth | 8,563.76 | 5.34 | 9.90 | 12.94 | 27.28 | 15.50 | |
Mirae Asset Focused Fund Direct - Growth | 7,920.31 | 5.13 | 8.25 | 8.42 | 19.79 | 12.36 | |
Mirae Asset Great Consumer Fund Direct-Growth | 3,409.20 | 6.12 | 16.82 | 16.97 | 36.26 | 24.29 | |
Mirae Asset Multicap Fund Direct - Growth | 2,778.68 | 5.40 | 15.27 | 16.92 | - | - | |
Mirae Asset Healthcare Fund Direct - Growth | 2,201.96 | 5.20 | 8.38 | 20.17 | 47.94 | 16.69 |
Mutual Fund Tools
Top AMCs
- SBI Mutual Fund
- ICICI Prudential Mutual Fund
- HDFC Mutual Fund
- Nippon India Mutual Fund
- Kotak Mahindra Mutual Fund
- Aditya Birla Sun Life Mutual Fund
- UTI Mutual Fund
- Axis Mutual Fund
- Mirae Asset Mutual Fund
- DSP Mutual Fund
- Edelweiss Mutual Fund
- Tata Mutual Fund
- Bandhan Mutual Fund
- HSBC Mutual Fund
- Franklin Templeton Mutual Fund
1. Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF - Direct Plan is Open-ended International Equity scheme which belongs to Mirae Asset Mutual Fund House.
2. The fund was launched on Sep 07, 2022.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide long-term capital appreciation from a portfolio investing in units of overseas equity ETFs which are based on companies involved in development of Electric & Autonomous Vehicles and related technology, components and materials. "
2. It is benchmarked against Solactive Autonomous & Electric Vehicles Index TRI.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.69% in equities, 0.0% in debts and 0.31% in cash & cash equivalents.
2. The top holding of the fund is Global X Autonomous & Electric Vehicles UCITS ETF which constitute around 79.46% of the assets.
Tax Implications on Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF Direct - 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.
This Might Catch Your Interest
FAQs about Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF Direct - Growth
- Is it safe to invest in Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF - Direct Plan comes under Very High risk category.
- What is the category of Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF - Direct Plan?Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF - Direct Plan belongs to the Equity : International category of funds.
- How Long should I Invest in Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF - Direct Plan?The suggested investment horizon of investing into Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF - Direct Plan 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 Global Electric & Autonomous Vehicles ETFs FoF - Direct Plan?The Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF - Direct Plan is managed by Siddharth Srivastava (Since Aug 16, 2022).
Date Sources: Mutual Funds, ETFs, and NPS data are sourced from Value Research. All times stamps are reflecting IST (Indian Standard Time). By using this site, you agree to the Terms of Service and Privacy Policy.