Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth
NAV as on 02-04-2025
₹ 24.74
1D
Inception Returns
26.5%
/yr
Historical NAV & Returns
Absolute
▲
▼
719 people have invested ₹ 46.4L in Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth in the last three months
About Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth
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 Ekta Gala. The fund could potentially beat inflation in the long-run.
Key Parameters
- Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth has ₹1869 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- 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 26.52% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 33.07% and 32.17% 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 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
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.
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth Overview
| Expense ratio | 0.67% |
Benchmark | NYSE FANG+ TR USD |
| AUM | ₹1869 Cr |
| Inception Date | 10 May, 2021 |
| Min Lumpsum/SIP | --/-- |
Exit Load | 0.5% |
| Lock In | No Lock-in |
TurnOver | 3.46% |
| STCG | If held for less than 24 months - slab rates. |
| LTCG | If held for more than 24 months - 12.5% without indexation. |
| Risk |   Very High Risk |
Trailing Returns
as on (02-Apr-25)
Fund Distribution
as on (31-Dec-69)
Sector Allocation
Tech
57.3%
Communication
32.3%
Consumer Cyclical
10.4%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Mirae Asset NYSE FANG+ETF | 99.96% | -0.9% |
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Ekta Gala
Fund Manager of Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth, since 10 May 2021
Top funds managed
Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.8L Cr
as on 28-Feb-2025
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
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 26.52% since inception which is more than its category average return of 7.79%
Fund Allocations
This fund has an allocation of 99.99% in Equity, 0% in Debt and 0.01% in Cash related instruments
AUM size ₹1869 Cr
This fund has AUM of ₹1869 Cr which is more than its category average of ₹ 616 Cr
Expense Ratio 0.67%
This fund has an expense ratio of 0.67% which is less than its category average expense ratio of 1.41%
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Frequently Asked Questions for Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth
The current NAV of Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth is ₹24.74 as on 02-Apr-2025.
Existing (Absolute + CAGR) as on 02-Apr-2025.
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -7.08% | -7.08% |
6 Month Returns | 24% | 24% |
1 Year Returns | 33.07% | 33.07% |
3 Years Returns | 130.89% | 32.17% |
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.
0.67% as on March 2025
₹1869 Cr as on March 2025
Tech(57.29%), Communication(32.27%), Consumer Cyclical(10.43%) as on March 2025
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 | 20.63 | 9.23 | - |
As on March 2025
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 | 0.61 | 0.8 | - |
As on March 2025
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 | 0.97 | 0.92 | - |
As on March 2025
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 | 29.25 | 28.2 | - |
As on March 2025
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 1.77 as on March 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.37 as on March 2025. It tells the consistency of the fund in generating superior risk-adjusted performance
Ekta Gala is the fund manager of Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth
The Exit load of Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth is 0.5%