Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth

Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth

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Equity
Direct
Global - Other

NAV: ₹ 10.1 as on 08-02-2023

Fund Performance
zero opening, trading, fund transfer fee
2 people have invested ₹ 98.4K in mutual fund in the last three months

Fund Insights

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In the last 1 year, ICICI Prudential Strategic Metal and Energy Equity FoF Direct Growth has given 32.46% return, outperforming this fund by 39.37%

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This fund has one of the lowest expense ratio in the category (global - other). Its expense ratio is 0.92% which is lower than the category average expense ratio of 1.17%

Fund Performance as on (01-Jan-70)

Return
1M
3M
6M
1Y
This Fund
30.4%
35.3%
7.3%
-4.3%
Benchmark
-
-
-
-
About the Fund

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.

Key parameters

1) Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth has a NAV of 10.108 as on 08-02-2023.

2) Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth has 682 Cr worth of assets under management (AUM) as on 31-12-2022 and is more than category average.

3) The fund has an expense ratio 0.92 %.

Fund Overview

Expense ratio
Expense ratio
0.92%
Benchmark
Benchmark
NYSE FANG+ TR USD
AUM
AUM
₹682 Cr
Inception Date
Inception Date
10 May, 2021
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹5000
Exit Load
Exit Load
0.5%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
6.2%

Fund Distribution as on (31-Dec-22)

  • Equity 100%
Size breakup
Large cap
100%

Sector Allocation

Dec'22

Nov'22

Oct'22

Communication

40.7%

Tech

34.2%

Consumer Cyclical

25.2%

Top Holdings as on (31-Dec-69)

  • Equity
Equity Holdings1
Holdings
Weight%
Holdings Trend
1M Change
Mirae Asset NYSE FANG+ETF
Mirae Asset NYSE FANG+ETF
100.05%
-1.3%

Winners & Losers as on (31-Dec-69)

Fund Manager

Ekta Gala

Ekta Gala

Fund Manager of Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth, since 10 May 2021

AMC details

Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.19L Cr
as on 31-Dec-2022
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
Email
customercare@miraeasset.com

Fund Highlights

Risk meter
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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 0.62% since inception which is less than its category average return of 3.45%
Fund Allocations

Fund Allocations

This fund has an allocation of 100.02% in Equity, 0% in Debt and -0.02% in Cash related instruments
AUM size ₹682 Cr

AUM size ₹682 Cr

This fund has AUM of ₹682 Cr which is more than its category average of ₹ 416 Cr
Expense Ratio 0.92%

Expense Ratio 0.92%

This fund has an expense ratio of 0.92% which is less than its category average expense ratio of 1.5%

Frequently Asked Questions

The current NAV of Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth is 9.91 as on 06-Feb-2023.
Existing (Absolute + CAGR)
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
27.83%
27.83%
6 Month Returns
5.41%
5.41%
1 Year Returns
-7.02%
-7.02%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
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0.92 as on January 2023
682 Cr as on January 2023
The alpha ratio for the Mirae Asset NYSE FANG+ 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 NYSE FANG+ ETF Fund of Fund Direct Growth
-5.59
-
-
As on January 2023
The alpha for Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth is calculated against NYSE FANG+ TR USD. 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 NYSE FANG+ 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 NYSE FANG+ ETF Fund of Fund Direct Growth
0.74
-
-
As on January 2023
The Beta for Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth is calculated with NYSE FANG+ TR USD. 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 NYSE FANG+ 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 NYSE FANG+ ETF Fund of Fund Direct Growth
-0.61
-
-
As on January 2023
The sharpe ratio for Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth is calculated with NYSE FANG+ TR USD. 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 NYSE FANG+ 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 NYSE FANG+ ETF Fund of Fund Direct Growth
28.44
-
-
As on January 2023
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.
Ekta Gala is the fund manager of Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth
The Exit load of Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth is 0.5%

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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.