Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth

Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth is an equity fund. This fund was started on 7 September, 2022. The fund is managed by Siddharth Srivastava. The fund could potentially beat inflation in the long-run.

1. Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth has ₹59 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
2. The fund has an expense ratio 0.2.
   

Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth has given a CAGR return of 0.02% since inception. Over the last 1 year the fund has given a CAGR return of 10.02%.

Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Industrial, Tech, Basic Materials, Communication. Its top holdings are Global XAutonomous&ElectricvhclsETF$ Acc, Global X China Electric Vhcl &BatteryETF, Global X Lithium & Battery TechETFUSDAcc

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.

The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in units of overseas equity ETFs which are based on companies involved in development of Electric & Autonomous Vehicles and related technology, components and materials. 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 500.00. Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth has no lock in period.