Equity
Direct
Global - Other
NAV as on 09-10-2024
₹ 20.3
▲1.2%
1D
Inception Returns
23%
/yr
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.
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.
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 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
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 5000.00. Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth has no lock in period.
Expense ratio | 0.71% |
Benchmark | NYSE FANG+ TR USD |
AUM | ₹1475 Cr |
Inception Date | 10 May, 2021 |
Min Lumpsum/SIP | --/-- |
Exit Load | 0.5% |
Lock In | No Lock-in |
TurnOver | 3.46% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
Risk | Very High Risk |
as on (09-Oct-24)
as on (31-Dec-69)
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% |
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 | - |
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 | - |
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 | - |
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 | - |