September 15, 2022
mayank
Mirae Asset NYSE FANG+ ETF FoF
NAV Growth : Rs 8.6830
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 predominantly in units of Mirae Asset NYSE FANG+ ETF.
Mirae Asset NYSE FANG+ ETF FoF Fund Manager :
1) Ekta Gala
Education : Ms. Gala is a B.Com & Inter CA (IPCC)
Experience : Prior to joining Mirae Asset Mutual Fund, she has worked with ICICI Prudential Asset Management Company Ltd.
Investment Details
| Min. Investment (Rs) : | 5,000 |
| Min. Addl Investment (Rs) : | 1,000 |
| Min. SIP Investment (Rs) : | 5,000 |
| Min. Withdrawal (Rs) : | — |
| Min. No of Cheques : | 5 |
| Min. Balance (Rs) : | — |
| Lock-in Period : | NA |
| Exit Load : | 0.5% for redemption within 90 days |
Basic Details
| Fund House : | Mirae Asset Mutual Fund |
| Launch Date : | 10-May-21 |
| Return Since Launch : | -9.95% |
| Benchmark : | NYSE FANG+ TRI |
| Riskometer : | Very High |
| Type : | Open-ended |
| Assets : | Rs 801 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio : | 0.15% |
| (As on 31-Jul-2022) | |
| Risk Grade : | — |
| Return Grade : | — |
| Turnover : | — |
Mirae Asset NYSE FANG+ ETF FoF Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset NYSE FANG+ ETF FoF Dir | -27.56 | -4.75 | -9.12 | 7.97 | -7.74 | -24.98 | — | — | — | — |
| S&P BSE 500 TRI | 5.83 | -0.25 | 3.3 | 17.44 | 10.1 | 6.55 | — | — | — | — |
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 (%) |
| Mirae Asset NYSE FANG+ ETF FoF Dir | Unrated | -24.98 | — | — | 0.15 | 801 | -9.95 | 0.50 (90) | 1yrs 4mo | — |
| Motilal Oswal Nasdaq 100 FOF Dir | Unrated | -15.91 | 19.34 | — | 0.10 | 3,439 | 20.37 | — | 3yrs 9mo | — |
| Franklin Ind Feeder Franklin US Opp Dir | Unrated | -24.74 | 11.89 | 14.86 | 0.51 | 3,107 | 15.98 | 1.00 (365) | 9yrs 8mo | 2.44 |
| Motilal Oswal S&P 500 Index Fund Dir | Unrated | -4.62 | — | — | 0.51 | 2,465 | 15.96 | 1.00 (15) | 2yrs 4mo | 10.00 |
| ICICI Pru US Bluechip Eqt Dir | Unrated | -4.88 | 14.02 | 15.82 | 1.16 | 2,025 | 15.88 | 1.00 (30) | 9yrs 8mo | 80.00 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 42,71,638 | 15,81,746 |
| Giant (%) | 100.00 | 81.64 |
| Large (%) | — | 15.43 |
| Mid (%) | — | 7.75 |
| Small (%) | — | 37.97 |
| Tiny (%) | — | — |
Mirae Asset NYSE FANG+ 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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