Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth

Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth

Equity

Direct

Global - Other

NAV as on 09-10-2024

₹ 20.3

1.2%

1D

Inception Returns

23%

/yr

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 ₹1475 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.

Returns

Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth has given a CAGR return of 23.03% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 53.17% and 21.30% respectively.

Holdings

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

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 NYSE FANG+ ETF Fund of Fund Direct Growth

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 and lockin period

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

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
706 people have invested ₹ 44.9L in Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth in the last three months

INDmoney Rank

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Fund Overview

Expense ratio0.71%
Benchmark
NYSE FANG+ TR USD
AUM₹1475 Cr
Inception Date10 May, 2021
Min Lumpsum/SIP--/--
Exit Load
0.5%
Lock InNo Lock-in
TurnOver
3.46%
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 (09-Oct-24)

Period
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth
Global - Other Index
1M
1.8%
-
3M
-4.6%
-
6M
-4.2%
-
1Y
53.2%
-
3Y
21.3%
-

Fund Distribution

as on (31-Dec-69)

  • Equity 100%

Sector Allocation

Aug'24

Jul'24

Jun'24

Tech
48.1%
Communication
28.8%
Consumer Cyclical
23.1%
  • Equity

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Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.85L Cr
as on 31-Aug-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 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 23.03% since inception which is more than its category average return of 8.96%
Fund Allocations

Fund Allocations

This fund has an allocation of 100.04% in Equity, 0% in Debt and -0.04% in Cash related instruments
AUM size ₹0 Cr

AUM size ₹0 Cr

This fund has AUM of ₹0 Cr which is more than its category average of ₹ 521 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 1.44%

Frequently Asked Questions

The current NAV of Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth is ₹20.3 as on 09-Oct-2024.
Existing (Absolute + CAGR) as on 09-Oct-2024.
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.83%
1.83%
6 Month Returns
-4.15%
-4.15%
1 Year Returns
53.17%
53.17%
3 Years Returns
78.5%
21.3%
5 Years Returns
0%
0%
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0.71% as on September 2024
₹1475 Cr as on September 2024
Tech(48.12%), Communication(28.84%), Consumer Cyclical(23.08%) as on September 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
21.89
2.34
-
As on September 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
0.42
0.8
-
As on September 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
2.06
0.66
-
As on September 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
18.87
26.41
-
As on September 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.
Sortino ratio is 1.09 as on September 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
The Exit load of Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth is 0.5%