Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth

Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth

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Equity
Direct
Global - Other
NAV: ₹ 16.39 as on 12-04-2024
Fund Performance
zero opening, trading, fund transfer fee
3974 people have invested ₹ 2.9Cr in Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth in the last three months

About the Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth

Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth is an equity fund. This fund was started on 7 September, 2022. The fund is managed by . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth has ₹302 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.3.

Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth Overview

Expense ratio
Expense ratio
0.25%
Benchmark
Benchmark
Indxx AI & Big Data TR INR
AUM
AUM
₹302 Cr
Inception Date
Inception Date
7 September, 2022
Min Lumpsum/SIP
Min Lumpsum/SIP
--/--
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
0.36%

Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth Distribution as on (31-Dec-69)

  • Equity 99.1%

  • Debt & Cash 0.9%

Size breakup

Large cap
86.3%
Mid cap
10%
Small cap
2.4%
Sector Allocation

Feb'24

Jan'24

Dec'23

Tech
67.5%
Communication
13.7%
Consumer Cyclical
10.5%
Industrial
7.3%
Health
1%

Top Holdings of Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth as on (31-Mar-24)

  • Equity

Equity Holdings1
Holdings
Weight%
1M Change
Global X Artfcl Intlgc & Tech ETF
Global X Artfcl Intlgc & Tech ETF
99.15%
6.4%

Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 36.29% since inception which is more than its category average return of 7.27%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.11% in Equity, 0% in Debt and 0.89% in Cash related instruments
AUM size ₹302 Cr

AUM size ₹302 Cr

This fund has AUM of ₹302 Cr which is less than its category average of ₹ 493 Cr
Expense Ratio 0.25%

Expense Ratio 0.25%

This fund has an expense ratio of 0.25% which is less than its category average expense ratio of 1.44%

Frequently Asked Questions

The current NAV of Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth is ₹16.39 as on 12-Apr-2024.
Existing (Absolute + CAGR) as on 12-Apr-2024.
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-1.76%
-1.76%
6 Month Returns
21.3%
21.3%
1 Year Returns
42.54%
42.54%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.25% as on March 2024
₹302 Cr as on March 2024
Tech(66.84%), Communication(14.03%), Consumer Cyclical(10.22%) as on March 2024
The alpha ratio for the Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth
-
-
-
As on March 2024
The alpha for Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth is calculated against Indxx AI & Big Data TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth
-
-
-
As on March 2024
The Beta for Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth is calculated with Indxx AI & Big Data TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth
1.4
-
-
As on March 2024
The sharpe ratio for Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth is calculated with Indxx AI & Big Data TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth
20.88
-
-
As on March 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
The Exit load of Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth is 1%