Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth

Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth

Equity

Direct

Global - Other

NAV as on 29-11-2024

₹ 9.65

1.3%

1D

Inception Returns

-1.2%

/yr

About Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth

Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth is an equity fund. This fund was started on 8 December, 2021. The fund is managed by . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth has ₹89 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.7.

Returns

Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth has given a CAGR return of -1.19% since inception. Over the last 1 year the fund has given a CAGR return of 31.41%.

Holdings

Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Communication, Tech, Health, Financial Services, Consumer Defensive. Its top holdings are Mirae Asset Hang Seng TECH ETF

Taxation

As it is a global - other mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth

The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing predominantly in units of Mirae Asset Hang Seng TECH ETF. There is no assurance that the investment objective of the Scheme will be realized.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 5000.00. Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
58 people have invested ₹ 4.4L in Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth in the last three months

Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth Overview

Expense ratio0.7%
Benchmark
Hang Seng TECH Index TR INR
AUM₹89 Cr
Inception Date8 December, 2021
Min Lumpsum/SIP--/--
Exit Load
0.5%
Lock InNo Lock-in
TurnOver
7.52%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (29-Nov-24)

Period
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth
Global - Other Index
1M
-5.7%
-
3M
36.4%
-
6M
31.6%
-
1Y
31.4%
-

Fund Distribution

as on (31-Dec-69)

  • Equity 99.5%

  • Debt & Cash 0.5%

Sector Allocation

Oct'24

Sep'24

Aug'24

Consumer Cyclical
45.5%
Communication
27.1%
Tech
23%
Health
3.3%
Financial Services
0.6%
Consumer Defensive
0.4%
  • Equity

Loading...
We are taking more time than usual
Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.89L Cr
as on 31-Oct-2024
Address
Mirae Asset Investment Managers (India) Private Limited.,Unit No. 606, 6th Floor,,Windsor Bldg, Off CST Road,,Kalina, Santacruz (East), Mumbai - 400 098
Phone
91-22-22-6780300
Website
customercare@miraeasset.com

Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
Fund Allocations

Fund Allocations

This fund has an allocation of 99.47% in Equity, 0% in Debt and 0.53% in Cash related instruments
AUM size ₹89 Cr

AUM size ₹89 Cr

This fund has AUM of ₹89 Cr which is less than its category average of ₹ 521 Cr
Expense Ratio 0.7%

Expense Ratio 0.7%

This fund has an expense ratio of 0.7% which is less than its category average expense ratio of 1.44%

Frequently Asked Questions for Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth

The current NAV of Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth is ₹9.65 as on 29-Nov-2024.
Existing (Absolute + CAGR) as on 29-Nov-2024.
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-5.72%
-5.72%
6 Month Returns
31.63%
31.63%
1 Year Returns
31.41%
31.41%
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.
0.7% as on November 2024
₹89 Cr as on November 2024
Consumer Cyclical(45.24%), Communication(26.98%), Tech(22.91%) as on November 2024
The alpha ratio for the Mirae Asset Hang Seng TECH 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 Hang Seng TECH ETF Fund of Fund Direct Growth
-
-
-
As on November 2024
The alpha for Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth is calculated against Hang Seng TECH Index 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 Hang Seng TECH 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 Hang Seng TECH ETF Fund of Fund Direct Growth
-
-
-
As on November 2024
The Beta for Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth is calculated with Hang Seng TECH Index 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 Hang Seng TECH 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 Hang Seng TECH ETF Fund of Fund Direct Growth
0.71
-
-
As on November 2024
The sharpe ratio for Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth is calculated with Hang Seng TECH Index 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 Hang Seng TECH 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 Hang Seng TECH ETF Fund of Fund Direct Growth
37.65
-
-
As on November 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 Hang Seng TECH ETF Fund of Fund Direct Growth is 0.5%