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The Mirae Asset NYSE FANG+ ETF is a cutting-edge investment vehicle designed to give Indian investors exposure to some of the world’s most innovative and fast-growing technology and consumer companies. By tracking the NYSE FANG+ Index, this ETF simplifies international investing, making it easier to ride the wave of global tech growth.
Key Facts About Mirae Asset NYSE FANG+ ETF
| Feature | Details |
|---|---|
| Fund Manager | Mr. Siddharth Srivastava |
| Launch Date | May 6, 2021 |
| Expense Ratio | 0.66% |
| Benchmark Index | NYSE FANG+ Total Return Index (TRI) |
| Net Assets (AUM) | ₹2,387.19 crore (as of October 2024) |
| Tracking Error | ~0.05% (1-year tracking error) |
| NAV (Net Asset Value) | ₹96.5286 per unit (as of October 31, 2024) |
| Top Holdings | International tech leaders like NVIDIA, Netflix, Apple, and Amazon |
What Is the NYSE FANG+ Index?
The NYSE FANG+ Index comprises 10 global giants from the technology and consumer sectors. Unlike traditional indices, it is equal-weighted, meaning every company has a similar impact on the overall performance. This structure balances exposure and reduces over-reliance on a single stock.
| Top 10 Holdings (as of Oct 2024) | Portfolio Weight |
|---|---|
| NVIDIA Corp | 11.08% |
| CrowdStrike Holdings Inc | 10.52% |
| Netflix Inc | 10.36% |
| Alphabet Inc (Google) | 10.13% |
| Meta Platforms (Facebook) | 9.98% |
| Broadcom Inc | 9.94% |
| ServiceNow Inc | 9.91% |
| Apple Inc | 9.69% |
| Amazon Inc | 9.46% |
| Microsoft Corp | 8.92% |
This combination ensures a diversified yet concentrated exposure to high-growth sectors.
Performance Overview
The ETF has delivered impressive returns since its inception, outperforming many traditional benchmarks like the BSE Sensex.
| Period | ETF Return | Benchmark Return | BSE Sensex Return |
|---|---|---|---|
| Last 1 Year | 60.69% | 62.00% | 25.86% |
| Last 3 Years | 18.49% (CAGR) | 19.36% | 11.59% (CAGR) |
| Since Inception | 21.73% (CAGR) | 22.40% | 16.39% (CAGR) |
Value of ₹10,000 Invested Since Inception:
| ETF | Benchmark | BSE Sensex |
|---|---|---|
| ₹19,863 | ₹20,247 | ₹16,985 |
Note: Returns for 1 year are absolute, and returns for 3 years and since inception are CAGR (Compounded Annual Growth Rate).
Why Invest in Mirae Asset NYSE FANG+ ETF?
- Global Exposure Made Easy Gain access to U.S. and international tech giants through a simple investment listed on NSE and BSE.
- High Growth Potential The underlying companies are global leaders in sectors like cloud computing, artificial intelligence, e-commerce, and social media.
- Diversified Portfolio Despite being tech-heavy, the ETF spreads risk across multiple companies and sectors.
- Cost-Effective With an expense ratio of just 0.66%, this ETF provides global exposure at a fraction of the cost of direct international investing.
- Hassle-Free Trading Buy and sell ETF units easily on Indian stock exchanges during market hours.
How to Invest?
| Investor Type | Minimum Investment Requirement | How to Invest? |
|---|---|---|
| Retail Investors | 1 Unit (traded on NSE/BSE) | Buy via your broker using the NSE symbol MAFANG or BSE code 543291. |
| Large Investors | ₹25 crore minimum for direct transactions with AMC | Apply through the fund house for large-scale investments. |
| Market Makers | 2,00,000 units in creation size | Facilitate market liquidity by buying/selling in bulk. |
Expense Details
- Expense Ratio: 0.66%
- Tracking Error: ~0.05% (reflects minimal deviation from the benchmark)
These metrics make it a highly efficient choice for passive investors.
Advantages of Mirae Asset NYSE FANG+ ETF
| Advantage | Details |
|---|---|
| Equal Weighting | Balanced exposure to all 10 companies, reducing dependence on any one firm. |
| Global Diversification | Access to U.S. tech and consumer sectors without currency transfer hassles. |
| Ease of Trading | Trade on NSE/BSE just like any stock, no need for international accounts. |
| High Growth Sectors | Exposure to leading industries like AI, e-commerce, and cloud computing. |
Risks to Consider
- Currency Fluctuations
Returns are influenced by the INR-USD exchange rate. A stronger rupee could impact returns negatively. - Market Volatility
The ETF is concentrated in tech stocks, which can experience significant price swings. - Geopolitical Risks
Companies like Alibaba and Baidu may face regulatory or trade restrictions due to U.S.-China relations.
Is It Right for You?
This ETF is perfect for:
- Tech Enthusiasts: Those who believe in the long-term growth of the tech industry.
- Diversified Investors: Individuals looking to reduce domestic portfolio concentration.
- Moderate to High Risk Takers: Willing to accept short-term volatility for long-term gains.
FAQs about Mirae Asset NYSE FANG+ ETF
1. What is the listing date of Mirae Asset NYSE FANG+ ETF?
The ETF was listed on May 6, 2021.
2. What is the current NAV of the Mirae Asset NYSE FANG+ ETF?
As of October 31, 2024, the NAV is ₹96.53 per unit.
3. Can I invest through Zerodha?
Yes, you can buy and sell this ETF on Zerodha using the NSE symbol MAFANG or BSE code 543291.
4. What is the Mirae Asset NYSE FANG+ ETF Fund of Fund (FOF)?
It’s a mutual fund that invests in the ETF, ideal for investors who prefer mutual funds over directly trading ETFs.
5. What is the expense ratio of this ETF?
The expense ratio is 0.66%, which is competitive for international ETFs.
6. How is the ETF priced?
The ETF’s share price is market-driven and updated in real-time on the NSE/BSE.
7. Is it a good investment for beginners?
Yes, it’s a great option for those looking to diversify into global tech stocks while staying within a familiar investment framework.
8. What’s the difference between the ETF and the Direct Growth FOF option?
- The ETF requires a demat account and is traded like a stock.
- The FOF allows mutual fund investments via SIP or lump-sum.
9. What is the top sectoral focus of this ETF?
The ETF is primarily concentrated in technology, consumer discretionary, and media sectors.
10. Is the Mirae Asset NYSE FANG+ ETF a mutual fund?
Yes, it is categorized as an ETF under the Mirae Asset mutual fund family.
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