Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth
Equity
Direct
Global - Other
NAV as on 27-12-2024
₹ 29.36
▲1.6%
1D
Inception Returns
34.5%
/yr
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 ₹1694 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 34.51% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 88.87% and 34.80% 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 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 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
▲
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752 people have invested ₹ 48L in Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth in the last three months
INDmoney Rank for Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth
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IND ranking is not available for this fund.
Larger AUM within category
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Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth Overview
| Expense ratio | 0.73% |
Benchmark | NYSE FANG+ TR USD |
| AUM | ₹1694 Cr |
| Inception Date | 10 May, 2021 |
| Min Lumpsum/SIP | --/-- |
Exit Load | 0.5% |
| Lock In | No Lock-in |
TurnOver | 3.46% |
| STCG | Selling mutual fund 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-Dec-24)
Fund Distribution
as on (31-Dec-69)
Sector Allocation
Tech
60.1%
Communication
30.5%
Consumer Cyclical
9.5%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Mirae Asset NYSE FANG+ETF | 100.02% | -0.8% |
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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
₹1.82L Cr
as on 29-Nov-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
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 34.51% since inception which is more than its category average return of 8.81%
Fund Allocations
This fund has an allocation of 100.01% in Equity, 0% in Debt and -0.01% in Cash related instruments
AUM size ₹1694 Cr
This fund has AUM of ₹1694 Cr which is more than its category average of ₹ 542 Cr
Expense Ratio 0.73%
This fund has an expense ratio of 0.73% which is less than its category average expense ratio of 1.43%
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 ₹29.36 as on 27-Dec-2024.
Existing (Absolute + CAGR) as on 27-Dec-2024.
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 25.59% | 25.59% |
6 Month Returns | 47.7% | 47.7% |
1 Year Returns | 88.87% | 88.87% |
3 Years Returns | 144.94% | 34.8% |
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.
0.73% as on November 2024
₹1694 Cr as on November 2024
Tech(60.07%), Communication(30.48%), Consumer Cyclical(9.46%) as on November 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 | 37.72 | 4.23 | - |
As on November 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 | 0.16 | 0.83 | - |
As on November 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 | 2.48 | 0.71 | - |
As on November 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 | 17.57 | 26.97 | - |
As on November 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 1.2 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.1 as on November 2024. 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%