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: ₹ 20.41 as on 24-05-2024

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 . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth has ₹1570 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.7.
Fund Performance
zero opening, trading, fund transfer fee
715 people have invested ₹ 46L in Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth in the last three months

Overview

Expense ratio
Expense ratio
0.71%
Benchmark
Benchmark
NYSE FANG+ TR USD
AUM
AUM
₹1570 Cr
Inception Date
Inception Date
10 May, 2021
Min Lumpsum/SIP
Min Lumpsum/SIP
--/--
Exit Load
Exit Load
0.5%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
3.71%

Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth Distribution as on (31-Dec-69)

  • Equity 100%

  • Debt & Cash 0%

Size breakup

Large cap
100%
Sector Allocation

Apr'24

Mar'24

Feb'24

Tech
49.7%
Communication
30%
Consumer Cyclical
20.2%

Top Holdings of Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth as on (30-Apr-24)

  • Equity

Equity Holdings1
Holdings
Weight%
1M Change
Mirae Asset NYSE FANG+ETF
Mirae Asset NYSE FANG+ETF
99.99%
-0.8%

INDmoney Rank

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Pros

Larger AUM within category

Cons

No bad points found for this fund.

Mirae Asset NYSE FANG+ 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 26.45% since inception which is more than its category average return of 7.72%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.99% in Equity, 0% in Debt and 0.01% in Cash related instruments
AUM size ₹1570 Cr

AUM size ₹1570 Cr

This fund has AUM of ₹1570 Cr which is more than its category average of ₹ 496 Cr
Expense Ratio 0.71%

Expense Ratio 0.71%

This fund has an expense ratio of 0.71% which is less than its category average expense ratio of 1.4%

Frequently Asked Questions

The current NAV of Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth is ₹20.41 as on 24-May-2024.
Existing (Absolute + CAGR) as on 24-May-2024.
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.26%
3.26%
6 Month Returns
38.66%
38.66%
1 Year Returns
74.8%
74.8%
3 Years Returns
102.18%
26.45%
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.
0.71% as on April 2024
₹1570 Cr as on April 2024
Tech(49.72%), Communication(30.03%), Consumer Cyclical(20.23%) as on April 2024
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
26.45
-
-
As on April 2024
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
0.85
-
-
As on April 2024
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
2.67
-
-
As on April 2024
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
24.19
-
-
As on April 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 NYSE FANG+ ETF Fund of Fund Direct Growth is 0.5%