Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth

Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth is an equity fund. This fund was started on 10 May, 2021. The fund is managed by Ekta Gala. The fund could potentially beat inflation in the long-run.

1. Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth has ₹1925 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
2. The fund has an expense ratio 0.7.
   

Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth has given a CAGR return of 32.61% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 50.02% and 53.91% respectively.

Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Communication, Consumer Cyclical. Its top holdings are Mirae Asset NYSE FANG+ETF

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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

An open-ended fund of fund scheme predominantly investing in Mirae Asset NYSE FANG+ ETF. There is no assurance that the investment objective of the Scheme will be realized.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 99.00. Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth has no lock in period.