Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth

Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth

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Equity
Direct
Global - Other
NAV: ₹ 6.55 as on 12-04-2024
Fund Performance
zero opening, trading, fund transfer fee
81 people have invested ₹ 6.2L in Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth in the last three months

About the 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 ₹69 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.

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

Expense ratio
Expense ratio
0.7%
Benchmark
Benchmark
Hang Seng TECH Index TR INR
AUM
AUM
₹69 Cr
Inception Date
Inception Date
8 December, 2021
Min Lumpsum/SIP
Min Lumpsum/SIP
--/--
Exit Load
Exit Load
0.5%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
14.49%

Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth Distribution as on (31-Dec-69)

  • Equity 99.9%

  • Debt & Cash 0.1%

Size breakup

Large cap
97.6%
Mid cap
2.3%
Sector Allocation

Feb'24

Jan'24

Dec'23

Consumer Cyclical
40.9%
Communication
31.1%
Tech
23.3%
Health
3.3%
Consumer Defensive
0.8%
Financial Services
0.7%

Top Holdings of Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth as on (31-Mar-24)

  • Equity

Equity Holdings1

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 99.92% in Equity, 0% in Debt and 0.08% in Cash related instruments
AUM size ₹69 Cr

AUM size ₹69 Cr

This fund has AUM of ₹69 Cr which is less than its category average of ₹ 493 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

The current NAV of Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth is ₹6.55 as on 12-Apr-2024.
Existing (Absolute + CAGR) as on 12-Apr-2024.
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-2.19%
-2.19%
6 Month Returns
-11.26%
-11.26%
1 Year Returns
-14.44%
-14.44%
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 March 2024
₹69 Cr as on March 2024
Consumer Cyclical(43.14%), Communication(29.47%), Tech(22.41%) as on March 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 March 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 March 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
-1.01
-
-
As on March 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
24.95
-
-
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 Hang Seng TECH ETF Fund of Fund Direct Growth is 0.5%