September 14, 2022
RA Jainee
Mirae Asset Global X Artificial Intelligence & Technology ETF FoF
NAV Growth : Rs 9.8410
Suitable For Which Investors ?
“This is a fund that invests mainly in shares of foreign companies. When you invest for five years or more, you can expect gains that beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.
International equity funds are suitable to invest a part of your money in for diversification, so that if the Indian markets are going through a sharp correction, a portion of your money is insulated. But make sure you invest in a fund that has a broad mandate of investing in companies of different sizes, sectors and countries.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy :
The scheme seeks to provide long-term capital appreciation from a portfolio investing in units of Global X Artificial Intelligence & Technology ETF
Fund Manager :
1) Siddharth Srivastava
Education : Mr. Srivastava is a MBA (Tech), B.Tech
Experience : 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.
Investment Details
| Min. Investment (Rs) : | 5,000 |
| Min. Addl Investment (Rs) : | 1,000 |
| Min. SIP Investment (Rs) : | 1,000 |
| Min. Withdrawal (Rs) : | — |
| Min. No of Cheques : | 5 |
| Min. Balance (Rs) : | — |
| Lock-in Period : | NA |
| Exit Load : | 1% for redemption within 365 days |
Basic Details
| Fund House : | Mirae Asset Mutual Fund |
| Launch Date : | 07-Sep-22 |
| Return Since Launch : | -1.59% |
| Benchmark : | Indxx Artificial Intelligence & Big Data Index TRI |
| Riskometer : | Very High |
| Type : | Open-ended |
| Assets : | Rs — Cr |
| (As on ) | |
| Expense Ratio : | –% |
| (As on ) | |
| Risk Grade : | — |
| Return Grade : | — |
| Turnover : | — |
Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset Global X Artificial Intelligence & Tech ETF FoF Dir | — | -5.24 | — | — | — | — | — | — | — | — |
| S&P BSE 500 TRI | — | 0.6 | — | — | — | — | — | — | — | — |
Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) |
| Motilal Oswal Nasdaq 100 FOF Dir | Unrated | -16.95 | 18.83 | — | 0.10 | 3,439 | 19.96 | — | 3yrs 9mo | — |
| Franklin Ind Feeder Franklin US Opp Dir | Unrated | -25.19 | 11.65 | 14.66 | 0.51 | 3,107 | 15.90 | 1.00 (365) | 9yrs 8mo | 2.44 |
| Motilal Oswal S&P 500 Index Fund Dir | Unrated | -0.64 | — | — | 0.51 | 2,465 | 17.90 | 1.00 (15) | 2yrs 4mo | 10.00 |
| ICICI Pru US Bluechip Eqt Dir | Unrated | -6.09 | 13.75 | 15.62 | 1.16 | 2,025 | 15.80 | 1.00 (30) | 9yrs 8mo | 80.00 |
| Edelweiss US Tech Eqt FoF Dir | Unrated | -28.18 | — | — | 1.41 | 1,642 | 14.55 | 1.00 (365) | 2yrs 6mo | — |
Mirae Asset Global X Artificial Intelligence & Technology ETF FoF by Chanakya :
Do not invest in this, or any other international equity fund, if you need to redeem your investment in less than five years.
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