Mirae Asset NYSE FANG+ ETF FoF Direct - Growth
NAV as of Aug 30, 2024
20.150.84%
- Growth - Direct
(Earn upto 0.39% Extra Returns with Direct Plan)
Fund Category:
Equity: International
Expense Ratio:
0.05%(0.73% Category
average)Fund Size:
Rs. 1,555.63 Cr(3.73% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Mirae Asset NYSE FANG+ ETF FoF Direct - Growth
NAV as of Aug 30, 2024
20.150.84%
Expense Ratio:
0.05%
Fund Size:
Rs. 1,555.63 Cr
Fund Category:
Equity: International
1. Current NAV: The Current Net Asset Value of the Mirae Asset NYSE FANG+ ETF FoF - Direct Plan as of Aug 30, 2024 is Rs 20.15 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 52.49% (1yr), 21.08% (3yr) and 23.5% (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 NYSE FANG+ ETF FoF - Direct Plan currently holds Assets under Management worth of Rs 1555.63 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.05% for Direct plan as on Aug 01, 2024.
5. Exit Load: Mirae Asset NYSE FANG+ ETF FoF - Direct Plan shall attract an Exit Load, "Exit load of 0.50% if redeemed within 3 months."
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 500.
Mirae Asset NYSE FANG+ ETF FoF Direct - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns -3.54 -0.40 13.63 48.50 20.92 - Category Avg 2.56 5.27 9.75 18.14 4.72 10.02 Rank within Category 57 52 10 1 1 - No. of funds within Category 63 63 63 62 45 30 - Loading...
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Return Comparison
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Mirae Asset NYSE FANG+ ETF FoF Direct - Growth Fund Details
Investment Objective - The scheme seeks to provide long-term capital appreciation from a portfolio investing predominantly in units of Mirae Asset NYSE FANG+ ETF.
Fund House | Mirae Asset Mutual Fund |
Launch Date | May 10, 2021 |
Benchmark | NYSE FANG+ Total Return Index |
Return Since Launch | 23.58% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | - |
Return Grade | - |
Mirae Asset NYSE FANG+ ETF 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 0.50% if redeemed within 3 months. |
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 | 1 | 1 | 1 | 1 | 1 | 1 |
Top 5 Company Holdings | 99.98% | 99.92% | 99.98% | 99.99% | 100.02% | 100.03% |
Top 10 Company Holdings | 99.98% | 99.92% | 99.98% | 99.99% | 100.02% | 100.03% |
Company with Highest Exposure | Mirae Asset NYSE FANG+ ETF-G (99.98%) | Mirae Asset NYSE FANG+ ETF-G (99.92%) | Mirae Asset NYSE FANG+ ETF-G (99.98%) | Mirae Asset NYSE FANG+ ETF-G (99.99%) | Mirae Asset NYSE FANG+ ETF-G (100.02%) | Mirae Asset NYSE FANG+ ETF-G (100.03%) |
Number of Sectors | 5 | 5 | 5 | 5 | 5 | 5 |
Top 3 Sector Holdings | 76.77% | 79.41% | 79.26% | 78.99% | 79.97% | 84.87% |
Top 5 Sector Holdings | 99.97% | 99.91% | 99.95% | 100.0% | 100.02% | 100.0% |
Sector with Highest Exposure | Services (39.18%) | Services (40.85%) | Services (40.23%) | Services (39.74%) | Services (40.09%) | Services (42.65%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Mirae Asset NYSE FANG+ ETF-G Unclassified 99.98 - - -
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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 FoF Direct - Growth 20.15 Unrated 1,555.63 -3.54 48.50 20.92 - ICICI Prudential US Bluechip Equity Direct Plan-Growth 70.20 Unrated 3,170.77 4.43 20.91 12.91 18.66 Motilal Oswal Nasdaq 100 FOF Direct - Growth 34.11 Unrated 4,844.82 2.31 28.96 11.99 23.70 HDFC Developed World Indexes FoF Direct - Growth 14.00 Unrated 1,245.63 2.48 24.57 - - Sundaram Global Brand Direct-Growth 33.38 Unrated 113.43 0.85 15.58 7.80 14.56
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
High Volatality
26.30VS18.30Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
0.69VS0.02Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
23.75VS5.75Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Mirae Asset Mutual Fund News
Fund Manager
- E.G.Ekta GalaSince Apr 20217 schemes
- V.S.Vishal SinghSince Aug 20236 schemes
Ms. Gala is a B.Com & Inter CA (IPCC) Prior to joining Mirae Asset Mutual Fund, she has worked with ICICI Prudential Asset Management Company Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Mirae Asset Nifty 200 Alpha 30 ETF FoF Direct-Growth Large Cap 10.40 Unrated 132.59 - Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct - Growth Thematic 11.16 Unrated 164.99 - Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF FoF Direct - Growth Thematic 11.95 Unrated 170.23 - Mirae Asset Nifty India Manufacturing ETF FoF Direct - Growth Thematic 19.30 Unrated 113.99 55.73 Mirae Asset Hang Seng TECH ETF FoF Direct - Growth International 7.08 Unrated 67.97 -8.39 Mirae Asset S&P 500 Top 50 ETF FoF Direct - Growth International 15.51 Unrated 545.57 31.41 Mirae Asset Nifty 100 ESG Sector Leaders FoF Direct - Growth Thematic-ESG 18.93 Unrated 113.40 35.35 Mr. Singh has done B.Com, CA, CFA and FRM Prior to joining Mirae Asset Mutual Fund, he was associated with NSE Indices Ltd. and Aranca (India) Private Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Mirae Asset Nifty 200 Alpha 30 ETF FoF Direct-Growth Large Cap 10.40 Unrated 132.59 - Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Direct - Growth Thematic 11.16 Unrated 164.99 - Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF FoF Direct - Growth Thematic 11.95 Unrated 170.23 - Mirae Asset S&P 500 Top 50 ETF FoF Direct - Growth International 15.51 Unrated 545.57 31.41 Mirae Asset Hang Seng TECH ETF FoF Direct - Growth International 7.08 Unrated 67.97 -8.39 Mirae Asset Nifty India Manufacturing ETF FoF Direct - Growth Thematic 19.30 Unrated 113.99 55.73
More Mirae Asset Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Mirae Asset Large Cap Fund Direct- Growth | 37,676.43 | 2.21 | 4.15 | 7.80 | 25.92 | 13.67 | |
Mirae Asset Large & Midcap Fund Direct-Growth | 33,711.38 | 1.76 | 7.52 | 13.13 | 39.89 | 18.49 | |
Mirae Asset ELSS Tax Saver Fund Direct-Growth | 21,301.58 | 2.10 | 6.94 | 12.11 | 36.12 | 17.52 | |
Mirae Asset Liquid Fund Direct- Growth | 12,302.59 | 0.60 | 1.84 | 3.61 | 7.29 | 5.42 | |
Mirae Asset Midcap Fund Direct - Growth | 8,753.87 | 0.28 | 7.94 | 13.08 | 47.57 | 23.96 | |
Mirae Asset Focused Fund Direct - Growth | 8,651.77 | 0.77 | 2.62 | 3.30 | 21.64 | 11.85 | |
Mirae Asset Aggressive Hybrid Fund Direct-Growth | 8,413.74 | 2.16 | 6.25 | 10.20 | 28.05 | 14.42 | |
Mirae Asset Great Consumer Fund Direct-Growth | 3,138.00 | 2.01 | 2.88 | 10.71 | 38.81 | 21.99 | |
Mirae Asset Multicap Fund Direct - Growth | 2,439.86 | 0.07 | 7.06 | 13.86 | - | - | |
Mirae Asset Healthcare Fund Direct - Growth | 2,218.12 | 0.73 | 14.72 | 19.97 | 58.06 | 20.00 |
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1. Mirae Asset NYSE FANG+ ETF FoF - Direct Plan is Open-ended International Equity scheme which belongs to Mirae Asset Mutual Fund House.
2. The fund was launched on May 10, 2021.
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 predominantly in units of Mirae Asset NYSE FANG+ ETF. "
2. It is benchmarked against NYSE FANG+ Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.98% in equities, 0.0% in debts and 0.02% in cash & cash equivalents.
2. The top holding of the fund is Mirae Asset NYSE FANG+ ETF - Growth which constitute around 99.98% of the assets.
Tax Implications on Mirae Asset NYSE FANG+ ETF 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.
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FAQs about Mirae Asset NYSE FANG+ ETF FoF Direct - Growth
- Is it safe to invest in Mirae Asset NYSE FANG+ ETF FoF - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Mirae Asset NYSE FANG+ ETF FoF - Direct Plan comes under Very High risk category.
- What is the category of Mirae Asset NYSE FANG+ ETF FoF - Direct Plan?Mirae Asset NYSE FANG+ ETF FoF - Direct Plan belongs to the Equity : International category of funds.
- How Long should I Invest in Mirae Asset NYSE FANG+ ETF FoF - Direct Plan?The suggested investment horizon of investing into Mirae Asset NYSE FANG+ ETF 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 NYSE FANG+ ETF FoF - Direct Plan?The Mirae Asset NYSE FANG+ ETF FoF - Direct Plan is managed by Ekta Gala (Since Apr 19, 2021) and Vishal Singh (Since Aug 28, 2023).
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