Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth
Equity
Direct
Global - Other
NAV as on 27-11-2024
₹ 19.19
1D
Inception Returns
34.1%
/yr
About Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth is an equity fund. This fund was started on 7 September, 2022. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth has ₹309 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.9.
Returns
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth has given a CAGR return of 34.08% since inception. Over the last 1 year the fund has given a CAGR return of 32.19%.
Holdings
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Communication, Consumer Cyclical, Industrial, Health. Its top holdings are Global X Artfcl Intlgc & Tech 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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth
The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in units of Global X Artificial Intelligence & Technology ETF. There is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth has no lock in period.
Historical NAV & Returns
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth Overview
| Expense ratio | 0.93% |
Benchmark | Indxx AI & Big Data TR INR |
| AUM | ₹309 Cr |
| Inception Date | 7 September, 2022 |
| Min Lumpsum/SIP | --/-- |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 0.8% |
| 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 |
Trailing Returns
as on (27-Nov-24)
Fund Distribution
as on (31-Dec-69)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Global X Artfcl Intlgc & Tech ETF | 99.81% | -1.1% |
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹309 Cr
Expense Ratio 0.93%
Frequently Asked Questions for Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.71% | 3.71% |
6 Month Returns | 13.94% | 13.94% |
1 Year Returns | 32.19% | 32.19% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth | - | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth | - | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth | 1.72 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth | 17.11 | - | - |